Overview
What is Venture Inc?
Venture Inc, located in Pontiac, Michigan, is a dedicated nonprofit organization focusing on increasing the availability of affordable housing in Oakland and Livingston counties. Their initiatives encompass facilitating home purchases, rehabilitation, construction, and lending, as well as performing other community development activities to accomplish their objective. In 2022, they continued their work in the GM Modern Housing Neighborhood and initiated the construction of their fourth house, utilizing funding from Oakland County in collaboration with the Oakland Schools Technical Campus in Pontiac. With a team of two employees, Venture Inc is committed to providing affordable housing opportunities for individuals and families in need.
Official website here: www.olhsa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Venture Inc has received an 82% score from Charity Navigator, resulting in a Three-Star rating. This rating indicates that the organization demonstrates a good level of accountability and financial health. The score is derived entirely from their accountability and finance beacon, showcasing their commitment to transparency and responsible management of funds.
The organization excels in its governance practices, with a majority of independent board members and a strong conflict of interest policy in place. They have also maintained a high program expense ratio, with 78.13% of their expenses directed towards programs, which is a favorable indicator of operational efficiency and mission focus. Their comprehensive policies, including whistleblower and document retention policies, further contribute to the positive evaluation.
While the overall rating is commendable, potential donors should consider that the rating is solely based on accountability and finance, not including other beacons such as impact or results. Those looking for a holistic view of the organization's effectiveness may want to investigate further into their program outcomes and community impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Venture Inc?
92% of reviewers on Facebook recommend Venture Inc. Here's a summary of their experiences:
Many individuals express that the organization genuinely cares about every aspect of their lives, fostering a sense of belonging and community. The emphasis on making members feel like part of a family stands out as a significant factor contributing to their positive sentiment.
Overall, users appreciate the commitment and support provided by Venture Inc, highlighting the organization’s dedication to uplifting individuals and providing comprehensive assistance.
This AI summary has been generated from reviews found on Facebook.
Is Venture Inc legitimate?
Venture Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venture 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: $52,358
For more financial information, click here
Official website here: www.olhsa.org
What is the mission statement of Venture Inc?
Venture Inc, as an organization, aims to provide affordable housing solutions for individuals and families with low to moderate income levels. This is accomplished through facilitating home purchases, rehabilitations, constructions, and lending, as well as engaging in various community development activities to support these objectives. The mission of Venture Inc is to increase the availability of affordable housing within their operational areas, with a specific focus on Oakland and Livingston Counties. In 2022, Venture continued its efforts in the GM Modern Housing neighborhood by doing some owner-occupied rehabilitation work and started construction on its fourth house, utilizing funding from Oakland County in partnership with the Oakland Schools Technical Campus in Pontiac.
Official website here: www.olhsa.org
Who is the CEO of Venture Inc?
Susan Harding is the Chairman of Venture Inc.
Official website here: www.olhsa.org
What is the revenue of Venture Inc?
Venture Inc's revenue in 2022 was $471,444.
Official website here: www.olhsa.org
Who are the executives of Venture Inc and what are their salaries?
The average compensation at Venture Inc during 2022 was $26,179. There are 2 employees at Venture Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $178,100
- Other: $0
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- Related: $137,977
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $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
Official website here: www.olhsa.org
Where can I find the form 990 for Venture Inc?
Venture Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olhsa.org
Learn more at the official website: www.olhsa.org
Mission Statement of Venture Inc
Venture Inc, a nonprofit organization, is committed to providing affordable housing opportunities for individuals and families in need. Their mission is twofold: firstly, to increase the availability of affordable housing within Oakland and Livingston Counties, and secondly, to facilitate home purchase, rehabilitation, construction, and lending to achieve this objective. Venture Inc engages in various community development activities to help realize these goals. In 2022, Venture Inc continued its work in the GM Modern Housing Neighborhood by undertaking owner-occupied rehabilitation projects. Moreover, the organization initiated construction of its fourth house, utilizing funding from Oakland County in partnership with Oakland Schools Technical Campus in Pontiac.
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Impact
July, 2024
Venture Inc's impact lies in its mission to provide energy-efficient, affordable housing for individuals and families of low and moderate income levels. By facilitating home purchase, rehabilitation, construction, and lending activities, Venture Inc aims to increase the amount of affordable housing within Oakland and Livingston counties. In 2022, Venture continued its efforts in the GM Modern Housing neighborhood through owner-occupied rehabilitation work and initiated the construction of its fourth house build, utilizing funding from Oakland County in partnership with the Oakland Schools Technical Campus in Pontiac. Through these initiatives, Venture Inc is actively contributing to addressing the critical need for affordable housing opportunities in the region, ultimately improving the quality of life for many individuals and families in need.
This information is meant to be a general summary of Venture 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.
- Investment Income: $32,615
- Gross Receipts: $471,444
Assets and Liabilities:
- Total Assets: $351,748
- Total Liabilities: $1,403,724
- Net Assets: -$1,051,976
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Organization Details
Founding Year
1991
Phone
(248) 209-2600Principal Officer
Susan Harding
Main Address
196 CESAR E CHAVEZ AVENUE, PONTIAC, MI, 48342
Website
www.olhsa.orgNTEE Category
Code: L80Z - Housing
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