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Ola Ii Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341760422 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is Ola Ii Inc?

Ola Ii Inc is a nonprofit organization situated in Cleveland, Ohio. Their primary focus is on providing housing for the elderly with low income. Previously, they held a secured interest in a housing building, selling it to facilitate a significant renovation of the building and its units. This commitment to improving living conditions for the elderly remains a testament to Ola Ii Inc's mission.

Is Ola Ii Inc legitimate?

Ola Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ola Ii Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,026

For more financial information, click here

What is the mission statement of Ola Ii Inc?

Ola Ii Inc's mission is centered around providing housing solutions for the elderly with limited income. They aim to make a significant impact in this area by securing an interest in a housing building, subsequently selling it to facilitate a comprehensive renovation of the property and its units. This commitment to improving living conditions for the elderly is a key part of Ola Ii Inc's mission, demonstrating their dedication to this vulnerable population.

Who is the CEO of Ola Ii Inc?

Donald Macbride is the President of Ola Ii Inc.

What is the revenue of Ola Ii Inc?

Ola Ii Inc's revenue in 2023 was $84,693.

Who are the executives of Ola Ii Inc and what are their salaries?


Here are 10 key members and their salaries:


Terrence E Donelon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Richards (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Nageotte (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Lisowski (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Foos (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Lehane (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Sabolik (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Macbride (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Nauman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Lorenz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ola Ii Inc?

Ola Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Ola Ii Inc

Ola Ii Inc, a nonprofit organization, is committed to providing housing for low-income elderly individuals. This mission is achieved through a unique approach. The organization holds a secured interest in a low-income housing building, then sells it to facilitate a substantial renovation of the building and its units. By doing so, Ola Ii Inc contributes to enhancing the living conditions of elderly individuals with limited financial resources, ensuring they can reside in safe and well-maintained environments.

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Impact




October, 2024

Ola Ii Inc significantly impacts the community by addressing the critical housing needs of low-income elderly individuals in Cleveland, Ohio. By holding a secured interest in a low-income housing building, the organization facilitates substantial renovations that enhance living conditions for its residents. This commitment not only ensures safe and affordable housing but also fosters a supportive environment for elderly persons, allowing them to thrive in their later years. The organization’s efforts contribute to the overall well-being of the community, promoting stability and dignity for its most vulnerable members.




This information is meant to be a general summary of Ola Ii Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$84,693 (2023)
Expenses
$2,263 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $84,693
  • Gross Receipts: $84,693

Assets and Liabilities:

  • Total Assets: $1,281,838
  • Total Liabilities: $0
  • Net Assets: $1,281,838

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Organization Details

Founding Year

1993

Principal Officer

Donald Macbride

Main Address

3648 Rocky River Dr, Cleveland, OH, 441113934

NTEE Category

Code: L210 - Housing

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