Overview
What is Orchard Place Nonprofit Housing Corp?
Orchard Place Nonprofit Housing Corp is a charitable organization based in Chicago, Illinois, specifically at 325 N Wells St 8th Floor, serving the community with an apartment complex in Grand Rapids, Michigan. Their primary mission is to offer safe, clean, and hygienic rental housing for individuals and families with moderate to low incomes. In 2022, they served a total of 143 families. The project is sponsored by Hispanic Housing Development Corporation, which is a recognized nonprofit organization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Orchard Place Nonprofit Housing Corp has received a 79% score from Charity Navigator, reflecting a solid performance in accountability and finance. The organization's rating is based entirely on its accountability and finance beacon, which highlights a strong commitment to transparency and proper governance practices. Notably, it has achieved a perfect score for having an independent board, as well as for its audit and oversight committee.
The nonprofit demonstrates a high program expense ratio of 93.37%, indicating that a significant portion of their resources is directed towards their programs rather than administrative costs. This suggests that Orchard Place is focused on fulfilling its mission effectively and efficiently, which is a positive sign for potential donors and supporters.
While the overall rating is strong, it is important to note that the score is based solely on one category. Therefore, potential supporters should consider looking into other aspects of the organization, such as its program outcomes and community impact, to gain a comprehensive understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Orchard Place Nonprofit Housing Corp legitimate?
Orchard Place Nonprofit Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orchard Place Nonprofit Housing Corp 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: $200,899
For more financial information, click here
What is the mission statement of Orchard Place Nonprofit Housing Corp?
Orchard Place Nonprofit Housing Corp's mission is centered around providing safe, decent, and sanitary rental housing for individuals and families who fall within the low and moderate income bracket. The corporation aims to ensure that these tenants have access to suitable living conditions, contributing to their overall well-being. In 2022, the corporation served 143 families, demonstrating its commitment to this cause. The sponsor of this project is Hispanic Housing Development Corporation, a non-profit organization.
Who is the CEO of Orchard Place Nonprofit Housing Corp?
Hipolito Roldan is the President of Orchard Place Nonprofit Housing Corp.
What is the revenue of Orchard Place Nonprofit Housing Corp?
Orchard Place Nonprofit Housing Corp's revenue in 2022 was $1,531,335.
Who are the executives of Orchard Place Nonprofit Housing Corp and what are their salaries?
There 3 volunteers at Orchard Place Nonprofit Housing Corp.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $410,579
- Other: $64,610
- Compensation: $0
- Related: $218,356
- Other: $48,291
- Compensation: $0
- Related: $167,672
- Other: $28,243
- Compensation: $0
- Related: $113,510
- Other: $32,312
- Compensation: $0
- Related: $155,042
- Other: $28,810
- Compensation: $0
- Related: $137,494
- Other: $17,702
- Compensation: $0
- Related: $114,379
- Other: $26,659
Where can I find the form 990 for Orchard Place Nonprofit Housing Corp?
Orchard Place Nonprofit Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Orchard Place Nonprofit Housing Corp
Orchard Place Nonprofit Housing Corp is dedicated to providing safe, clean, and hygienic rental housing for individuals and families with low and moderate incomes. The organization's primary mission is to ensure that these tenants have access to decent living spaces, which is a crucial aspect of their overall well-being. In 2022, the corporation served 143 families, demonstrating its commitment to this cause. Orchard Place Nonprofit Housing Corp operates under the sponsorship of Hispanic Housing Development Corporation, an exempt organization, further emphasizing its dedication to providing affordable housing solutions.
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Impact
July, 2024
Orchard Place Nonprofit Housing Corp's impact lies in providing safe, decent, and sanitary rental housing for low and moderate-income tenants in Grand Rapids, Michigan. In 2022, the organization served 143 families, ensuring they have a stable and affordable place to call home. Through its mission to offer housing opportunities to those in need, Orchard Place Nonprofit Housing Corp plays a crucial role in addressing the housing challenges faced by vulnerable populations in the community.
This information is meant to be a general summary of Orchard Place Nonprofit Housing Corp. 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: $340
- Program Service Revenue: $1,521,063
- Gross Receipts: $1,531,335
Assets and Liabilities:
- Total Assets: $5,734,405
- Total Liabilities: $4,763,240
- Net Assets: $971,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,497,270
LATE FEES
Revenue
$20,332
TENANT REIMBURSEMENT
Revenue
$1,767
FORFEITED SEC. DEPOSIT
Revenue
$1,694
Organization Details
Founding Year
2011
Phone
(312) 602-6500Principal Officer
Hipolito Roldan
Main Address
325 N WELLS ST 8TH FLOOR, CHICAGO, IL, 60654
NTEE Category
Code: L21 - Housing
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