Overview
What is Oak Park Residence Corporation?
Oak Park Residence Corporation, situated in Oak Park, Illinois, is a nonprofit organization with a mission to promote the well-being of its local community. Established to improve substandard housing, the corporation repairs, purchases, sells, and manages residential properties, including foreclosed houses. Their work extends beyond just housing, as they collaborate with government and civic bodies to combat racial and ethnic prejudice and discrimination. The organization also assists the local government in implementing its fair housing ordinance, offering guidance on housing management standards and rehabilitation techniques. Furthermore, they strive to provide suitable housing facilities for elderly and handicapped individuals, focusing on their physical needs and overall well-being. With a dedicated workforce of 48 employees, Oak Park Residence Corporation contributes to the betterment of its community.
Official website here: www.oakparkrc.com
What are the reviews and ratings of this charity?
**Oak Park Residence Corporation**
**Rating: 81% (Three-Star out of Four Stars)**
The Oak Park Residence Corporation has received an 81% rating from Charity Navigator, which translates to a Three-Star status. This rating is derived solely from the organization’s Accountability & Finance score, indicating a strong emphasis on financial health and governance practices. The charity holds an exemplary record with a full score for independent board members and solid financial oversight, though it lacks a recent measurement of its overall impact and adaptability.
Strengths of the organization include its commitment to accountability, evidenced by its robust governance policies, including conflict of interest and whistleblower protections. Significant transparency is noted as well, with a majority of its board being independent, thereby ensuring unbiased decision-making. However, the absence of a posted tax form on its website detracts slightly from its overall accountability rating.
Unfortunately, there is no available user feedback from GreatNonprofits to provide insights into the experiences of those served by the charity. This limits the ability to gauge community sentiment and areas where improvements could be beneficial. Nonetheless, the financial health indicators suggest that Oak Park Residence Corporation is effectively managing its resources and governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Park Residence Corporation legitimate?
Oak Park Residence Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Park Residence Corporation 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: $250,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,108,642
For more financial information, click here
Official website here: www.oakparkrc.com
What is the mission statement of Oak Park Residence Corporation?
The Oak Park Residence Corporation was established with the goal of improving the living conditions and general well-being of its residents. The organization aims to enhance substandard housing in its community and eliminate blight, collaborating with government and civic bodies. Additionally, it works towards preventing and eliminating racial and ethnic prejudice and discrimination. The corporation assists the local government in implementing its fair housing ordinance, providing instruction and counseling on housing management standards, rehabilitation techniques, and property improvement. It also focuses on providing suitable housing facilities for the elderly and disabled, promoting their health, security, happiness, and usefulness in extended living.
Official website here: www.oakparkrc.com
Who is the CEO of Oak Park Residence Corporation?
David G Pope is the Ceo of Oak Park Residence Corporation. The CEO's salary of Oak Park Residence Corporation is $250,159 and their total compensation is $250,159.
Official website here: www.oakparkrc.com
What is the revenue of Oak Park Residence Corporation?
Oak Park Residence Corporation's revenue in 2022 was $9,778,703.
Official website here: www.oakparkrc.com
Who are the executives of Oak Park Residence Corporation and what are their salaries?
The average compensation at Oak Park Residence Corporation during 2022 was $28,308. There are 48 employees at Oak Park Residence Corporation.
Here are 8 key members and their salaries (Oak Park Residence Corporation's CEO's salary is $250,159 and their total compensation is $250,159):
- Compensation: $250,159
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.oakparkrc.com
Where can I find the form 990 for Oak Park Residence Corporation?
Oak Park Residence Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oakparkrc.com
Learn more at the official website: www.oakparkrc.com
Mission Statement of Oak Park Residence Corporation
Oak Park Residence Corporation, established with a mission to enhance the well-being of its community, focuses on improving substandard housing in Oak Park, Illinois. The organization's primary goal is to eliminate housing issues and prevent racial and ethnic discrimination. In cooperation with government and civic bodies, it strives to eradicate prejudice and discrimination. Moreover, Oak Park Residence Corporation assists the local government in implementing its fair housing ordinance.
Beyond housing, the organization provides guidance and counseling to individuals and groups on housing management standards, rehabilitation techniques, and the improvement of residential properties. This commitment extends to ensuring that elderly and handicapped individuals have access to appropriate housing facilities to meet their physical needs, thereby promoting their health, security, happiness, and overall usefulness in longer living.
In essence, Oak Park Residence Corporation is a driving force in promoting community progress and well-being by addressing housing issues and advocating for fair housing practices. It stands as a beacon of cooperation, working hand-in-hand with government and civic bodies to eradicate discrimination and improve living conditions for all residents.
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Impact
October, 2024
Oak Park Residence Corporation plays a vital role in enhancing the quality of life for residents of Oak Park, Illinois, by addressing housing challenges and fostering community well-being. Focusing on the mitigation of substandard housing conditions, the organization actively works to improve the local housing stock, offering not just repairs and management of properties, but also aiding in the purchase and sale of foreclosed houses.
Through its initiatives, the organization contributes to the prevention and elimination of blight, ensuring that neighborhoods remain vibrant and welcoming. It collaborates with local government and civic bodies to tackle issues of racial and ethnic prejudice and discrimination, thus promoting inclusivity within the community.
Oak Park Residence Corporation provides valuable instruction and counseling on housing management and rehabilitation techniques, equipping individuals and groups with the knowledge needed to maintain and improve residential properties. This support is particularly beneficial for elderly and handicapped individuals, ensuring their housing needs are met to promote their overall health, security, and happiness.
In summary, the organization’s efforts not only enhance housing conditions but also cultivate a stronger, more equitable community that supports all its residents.
This information is meant to be a general summary of Oak Park Residence Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $606
- Program Service Revenue: $8,902,899
- Gross Receipts: $9,778,703
Assets and Liabilities:
- Total Assets: $42,582,613
- Total Liabilities: $42,324,778
- Net Assets: $257,835
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT-TENANTS
Revenue
$8,721,026
MGMT. & MAINT. FEES
Revenue
$86,280
VILL OAK PARK SMALL CONDO GT
Revenue
$42,500
PROGRAM REIMBURSEMENTS
Revenue
$36,024
OTHER ADMINISTRATIVE FEES
Revenue
$17,069
Organization Details
Founding Year
1979
Phone
(708) 386-6061Principal Officer
David G Pope
Main Address
21 SOUTH BOULEVARD, OAK PARK, IL, 60304
Website
www.oakparkrc.comNTEE Category
Code: L22 - Housing
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