Overview
What is Walden Oaks Apartments Preservation?
Walden Oaks Apartments Preservation is a nonprofit organization situated in Chicago, Illinois, specifically at 325 N Wells 8th Floor, 60654. Their primary mission is to offer safe, clean, and sanitary rental housing to individuals and families with moderate to low incomes. In 2022, they served 203 families within their Woodstock, IL, apartment complex. The sponsor of this project is Hispanic Housing Development Corporation, a recognized exempt organization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating.
Walden Oaks Apartments Preservation has received a Two-Star rating from Charity Navigator, indicating moderate performance in accountability and finance. The organization excels in several areas, such as having a majority of independent board members and a solid program expense ratio, with 87.71% of its expenses directed towards programs. This demonstrates a commitment to its mission and effective use of funds in service delivery.
However, there are notable areas of concern, including the lack of an independent board size, which received a low score, and critical financial documents missing from its website. Additionally, the liabilities to assets ratio indicates potential financial risk, as it exceeds 100%. These factors may affect transparency and stakeholder trust, highlighting the need for improvement in financial reporting and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Walden Oaks Apartments Preservation legitimate?
Walden Oaks Apartments Preservation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walden Oaks Apartments Preservation 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: $220,316
For more financial information, click here
What is the mission statement of Walden Oaks Apartments Preservation?
The mission of Walden Oaks Apartments Preservation is centered around providing safe, decent, and sanitary rental housing for individuals and families with low and moderate income. This organization strives to ensure that its tenants reside in clean and suitable living conditions. In 2022, they served 203 families, demonstrating their commitment to this cause. The sponsor of this project is Hispanic Housing Development Corporation, a non-profit organization.
Who is the CEO of Walden Oaks Apartments Preservation?
Hipolito Roldan is the President of Walden Oaks Apartments Preservation.
What is the revenue of Walden Oaks Apartments Preservation?
Walden Oaks Apartments Preservation's revenue in 2022 was $2,189,490.
Who are the executives of Walden Oaks Apartments Preservation and what are their salaries?
There 2 volunteers at Walden Oaks Apartments Preservation.
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 Walden Oaks Apartments Preservation?
Walden Oaks Apartments Preservation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walden Oaks Apartments Preservation
Walden Oaks Apartments Preservation is committed to providing safe, decent, and sanitary rental housing for individuals and families who fall under the category of low and moderate income tenants. The organization's mission is centered around ensuring that these individuals have access to suitable living conditions, promoting a sense of security and comfort within their homes. In the year 2022, 203 families benefited from the services provided by Walden Oaks Apartments Preservation, underscoring the organization's impact and dedication to its cause. The sponsor of this project is Hispanic Housing Development Corporation, a nonprofit organization that shares a similar vision of providing affordable housing solutions for underprivileged communities.
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Impact
July, 2024
Walden Oaks Apartments Preservation provides crucial support and resources to low and moderate-income tenants in Woodstock, IL, through its operation of an apartment complex. By offering safe, decent, and sanitary rental housing, the organization positively impacts the lives of approximately 203 families each year. This assistance helps to address the housing needs of vulnerable communities and contributes to creating a more stable and secure living environment for those in need.
This information is meant to be a general summary of Walden Oaks Apartments Preservation. 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: $497
- Program Service Revenue: $2,108,284
- Gross Receipts: $2,189,490
Assets and Liabilities:
- Total Assets: $7,825,896
- Total Liabilities: $7,904,001
- Net Assets: -$78,105
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,094,982
LAUNDRY INCOME
Revenue
$9,887
TENANT CHARGES
Revenue
$3,415
Organization Details
Founding Year
2004
Phone
(312) 602-6500Principal Officer
Hipolito Roldan
Main Address
325 N WELLS 8TH FLOOR, CHICAGO, IL, 60654
NTEE Category
Code: L20 - Housing
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