Overview
What is North Park Apartments Housing Corporation?
North Park Apartments Housing Corporation is a nonprofit organization situated in Visalia, California. Their primary mission is to provide affordable rental housing, managing a 104-unit apartment project in Oildale, adhering to the guidelines set by the U.S. Department of Housing & Urban Development. This housing corporation operates with a commitment to offering affordable living solutions for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
North Park Apartments Housing Corporation has received a solid Three-Star rating, indicating a commendable level of accountability and financial management. The score of 79% is derived entirely from the organization's performance in the Accountability & Finance category, showcasing its commitment to responsible stewardship of resources.
The nonprofit excels in several key areas, including having a fully independent board, effective conflict of interest and whistleblower policies, and no material diversion of assets. Its program expense ratio is strong at 89.49%, reflecting a focus on utilizing the majority of its funds for its mission-related activities rather than administrative costs.
However, while the overall score is positive, it is based on a single beacon score, which means that improvements in other operational areas may not be reflected in the rating. Nonetheless, the organization demonstrates a strong framework for governance, underscoring its dedication to transparency and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is North Park Apartments Housing Corporation legitimate?
North Park Apartments Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Park Apartments Housing Corporation 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
For more financial information, click here
What is the mission statement of North Park Apartments Housing Corporation?
North Park Apartments Housing Corporation is dedicated to providing affordable rental housing. They accomplish this by owning and managing a 104-unit apartment project, adhering to the regulatory guidelines set by the U.S. Department of Housing & Urban Development. The corporation's primary objective is to make housing accessible to a broad range of individuals, contributing to a more equitable living situation. Their operations are carried out with the utmost commitment to compliance with the regulatory provisions of the aforementioned department.
Who is the CEO of North Park Apartments Housing Corporation?
Thomas Collishaw is the President of North Park Apartments Housing Corporation.
What is the revenue of North Park Apartments Housing Corporation?
North Park Apartments Housing Corporation's revenue in 2023 was $730,862.
Who are the executives of North Park Apartments Housing Corporation and what are their salaries?
There 5 volunteers at North Park Apartments Housing Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for North Park Apartments Housing Corporation?
North Park Apartments Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of North Park Apartments Housing Corporation
North Park Apartments Housing Corporation is dedicated to providing affordable rental housing solutions. This nonprofit organization operates a 104-unit apartment project, adhering to the regulatory provisions of the U.S. Department of Housing & Urban Development. By offering affordable housing, North Park Apartments Housing Corporation contributes to ensuring that individuals and families can secure suitable living spaces, regardless of their financial circumstances. Through its commitment to affordable rental housing, this corporation plays a vital role in addressing housing inequality and fostering inclusive communities.
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Impact
July, 2024
North Park Apartments Housing Corporation's impact is significant in providing affordable rental housing to residents in Oildale, CA. Through their 104-unit apartment project, they offer a secure and stable housing option for individuals and families in need. By adhering to the regulatory provisions of the U.S. Department of Housing & Urban Development, they ensure that their housing remains accessible and well-maintained. This contributes to creating a more vibrant and resilient community in Oildale and addresses the pressing issue of affordable housing in the area.
This information is meant to be a general summary of North Park Apartments Housing Corporation. 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 2023.
- Investment Income: $1,426
- Program Service Revenue: $729,436
- Gross Receipts: $730,862
Assets and Liabilities:
- Total Assets: $2,428,800
- Total Liabilities: $700,614
- Net Assets: $1,728,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry & Vending
Revenue
$13,063
Other Income
Revenue
$23,529
Tenant Assistance
Revenue
$48,127
Tenant charges
Revenue
$5,907
Tenant Rent
Revenue
$638,810
Organization Details
Founding Year
1996
Phone
(559) 802-1669Principal Officer
Thomas Collishaw
Main Address
PO Box 6520, Visalia, CA, 93290
NTEE Category
Code: L80 - Housing
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