Overview
What is Heritage Center Of Orange Inc?
Heritage Center of Orange Inc. is a nonprofit organization dedicated to providing affordable housing solutions for the elderly and handicapped community. They achieve this through collaborations with the U.S. Department of Housing and Urban Development (HUD) and their Section 8 and 202 loan programs. The rent in these apartments is adjustable based on the individual's income, following HUD regulations and the Public Housing Act. The organization's mission is to ensure that eligible residents have access to safe and affordable housing, catering to their specific needs.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
The Heritage Center of Orange Inc has received an 87% rating from Charity Navigator, which translates to a Three-Star rating, reflecting a strong performance in Accountability and Finance. This score indicates that the organization maintains high standards in governance and financial oversight, which is crucial for donor trust and effective operations.
The charity boasts an independent board with 100% of its members being independent, and it scores full points for its financial statements and oversight. Key policies such as conflict of interest and whistleblower protections are in place, ensuring transparency and ethical management. Additionally, the organization has demonstrated responsible asset management with a favorable liabilities to assets ratio of 45.82%.
However, while the overall program expense ratio is commendable at 62.77%, it falls short of the ideal threshold, which may indicate room for improvement in the allocation of funds towards programmatic activities. Nonetheless, the Heritage Center of Orange Inc stands out for its commitment to accountability and effective governance, making it a reliable choice for donors seeking to support impactful nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Heritage Center Of Orange Inc legitimate?
Heritage Center Of Orange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Center Of Orange 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: $0
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Official website here: www.none
What is the mission statement of Heritage Center Of Orange Inc?
Heritage Center of Orange Inc., as an organization, is dedicated to providing affordable housing solutions for the elderly and handicapped individuals. They accomplish this through collaboration with the U.S. Department of Housing and Urban Affairs, utilizing Section 8 and 202 loan programs. The rent is structured on a sliding scale, taking into account each individual's capacity to pay, in accordance with HUD regulations and the Public Housing Act. This approach ensures that those who need housing assistance can find it within their financial means.
Official website here: www.none
Who is the CEO of Heritage Center Of Orange Inc?
Ron Rudeseal is the President of Heritage Center Of Orange Inc.
Official website here: www.none
What is the revenue of Heritage Center Of Orange Inc?
Heritage Center Of Orange Inc's revenue in 2022 was $590,202.
Official website here: www.none
Who are the executives of Heritage Center Of Orange Inc and what are their salaries?
There are 3 employees at Heritage Center Of Orange Inc.
Here are 4 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Heritage Center Of Orange Inc
Heritage Center of Orange Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for elderly and handicapped individuals. Utilizing funding from the U.S. Department of Housing and Urban Development's Section 8 and 202 loan programs, the organization offers low-rent apartments. The rent for these residences is based on each individual's financial capability, in accordance with regulations set forth by the Public Housing Act and HUD guidelines. This sliding scale approach ensures that the cost of housing remains accessible for those who need it most. By offering affordable housing, Heritage Center of Orange Inc plays a crucial role in supporting the well-being and independence of its residents.
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Impact
July, 2024
Heritage Center Of Orange Inc's impact is significant as it provides essential housing assistance to elderly and handicapped individuals in Orange, TX. Through the US Department of Housing and Urban Affairs Section 8 and 202 loan programs, this organization offers low-rent apartments to those in need. The rent is based on a sliding scale, ensuring that individuals pay what they can afford according to HUD regulations and the Public Housing Act. By offering affordable housing options, Heritage Center Of Orange Inc plays a crucial role in supporting vulnerable populations and promoting community well-being.
This information is meant to be a general summary of Heritage Center Of Orange 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: $901
- Program Service Revenue: $589,301
- Gross Receipts: $590,202
Assets and Liabilities:
- Total Assets: $2,061,303
- Total Liabilities: $1,101,552
- Net Assets: $959,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD RENT SUBSIDY
Revenue
$438,848
RENT INCOME
Revenue
$150,453
Organization Details
Founding Year
1985
Phone
(409) 886-3505Principal Officer
Ron Rudeseal
Main Address
100 S COLLEGE STREET, ORANGE, TX, 77630
Website
www.noneNTEE Category
Code: L21Z - Housing
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