Overview
What is Peoria Opportunities Foundation Inc?
The Peoria Opportunities Foundation Inc is a nonprofit organization that plays a significant role in its community. Its primary mission is to promote the development of affordable housing, a critical need in many societies. Beyond this, the foundation also supports charitable and benevolent initiatives, fostering a spirit of giving back. Furthermore, it encourages education and civic engagement, inspiring individuals to participate in community affairs. The foundation also promotes social activities, creating opportunities for people to connect and build stronger communities. Lastly, it advocates for residential property ownership or administration in a cooperative manner, working towards sustainable and inclusive housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
Peoria Opportunities Foundation Inc has earned a Three-Star rating with an overall score of 87%. This rating reflects a strong emphasis on accountability and finance, where the foundation scored highly across various metrics. Key strengths include a fully independent board, a favorable liabilities to assets ratio of 0.11%, and an impressive program expense ratio of 88.36%, indicating effective use of funds towards its mission.
The organization demonstrates transparency and adherence to good governance practices, as evidenced by its conflict of interest policy, documented board meeting minutes, and established protocols for document retention. Each of these areas received full marks, showcasing the foundation's commitment to maintaining ethical standards in its operations.
While the Peoria Opportunities Foundation Inc shows commendable financial health and governance, potential donors and supporters should remain mindful of the limitations inherent in a single beacon score. The focus on accountability and finance means that other aspects, such as program outcomes and community impact, are not evaluated here, which could be important for a comprehensive understanding of the foundation's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Peoria Opportunities Foundation Inc legitimate?
Peoria Opportunities Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peoria Opportunities Foundation 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: $17,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,395
For more financial information, click here
What is the mission statement of Peoria Opportunities Foundation Inc?
The Peoria Opportunities Foundation works towards fostering the development of affordable housing. Beyond this, the organization supports charitable and benevolent initiatives, promotes education and civic engagement, encourages social activities, and advocates for residential property management or administration in a cooperative manner. In essence, the foundation's mission is to contribute positively to community living by addressing housing needs, promoting social activities, and supporting various charitable activities.
Who is the CEO of Peoria Opportunities Foundation Inc?
Henry Blackwell is the Director of Peoria Opportunities Foundation Inc.
What is the revenue of Peoria Opportunities Foundation Inc?
Peoria Opportunities Foundation Inc's revenue in 2022 was $462,360.
Who are the executives of Peoria Opportunities Foundation Inc and what are their salaries?
The average compensation at Peoria Opportunities Foundation Inc during 2022 was $26,018. There are 2 employees at Peoria Opportunities Foundation Inc.
Here are 8 key members and their salaries:
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- Compensation: $17,640
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Where can I find the form 990 for Peoria Opportunities Foundation Inc?
Peoria Opportunities Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peoria Opportunities Foundation Inc
Peoria Opportunities Foundation, a nonprofit organization, is committed to fostering the growth of affordable housing in various communities. Beyond this primary focus, the foundation also supports charitable and benevolent initiatives, promotes education, and encourages civic engagement. Additionally, it encourages social activities and advocates for residential property ownership or administration in a cooperative manner. In essence, Peoria Opportunities Foundation works tirelessly to improve living conditions, uplift communities, and foster a sense of cooperation among residents.
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Impact
July, 2024
Peoria Opportunities Foundation Inc plays a vital role in promoting the development of affordable housing and supporting various charitable initiatives in Peoria, Illinois. By focusing on fostering affordable housing projects, the foundation helps address the pressing need for accessible and sustainable housing options in the community. Additionally, through its dedication to supporting charitable and benevolent endeavors, promoting education and civic engagement, encouraging social activities, and advocating for cooperative residential property ownership, the foundation contributes significantly to enhancing the overall quality of life for residents in Peoria. Its commitment to these diverse areas of impact demonstrates the multifaceted approach taken by the foundation to create a more vibrant and inclusive community.
This information is meant to be a general summary of Peoria Opportunities Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $462,360
Assets and Liabilities:
- Total Assets: $1,654,018
- Total Liabilities: $1,956
- Net Assets: $1,652,062
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Organization Details
Founding Year
1999
Phone
(309) 672-5212Principal Officer
Henry Blackwell
Main Address
512 E Kansas Street, Peoria, IL, 61603
NTEE Category
Code: L20 - Housing
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