Overview
What is Orange Housing Development Corp?
Orange Housing Development Corp is a nonprofit organization situated in Orange, New Jersey, with a focus on improving community living. They specialize in the development of affordable housing options for families with moderate and low incomes, adhering to guidelines set by the U.S. Department of Housing and Urban Development (HUD). Specifically, individuals and families whose income falls below 50% of the area median income are considered eligible for these housing opportunities. The organization's mission extends beyond merely providing housing. They also offer essential services to disadvantaged groups, such as the elderly, handicapped, homeless, and potentially homeless individuals. This compassionate nonprofit aims to contribute positively to the community by addressing housing needs and enhancing the lives of its residents. With a team of 5 dedicated employees, Orange Housing Development Corp continues its mission of providing affordable housing and supportive services to those in need.
Official website here: www.ohdcnj.org/
Is Orange Housing Development Corp legitimate?
Orange Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orange Housing Development 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:
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Other Salaries and Wages: $138,417
For more financial information, click here
Official website here: www.ohdcnj.org/
What is the mission statement of Orange Housing Development Corp?
Orange Housing Development Corp's mission is centered around developing, owning, and operating affordable housing units for low-income families, the elderly, disabled, homeless, and other disadvantaged individuals. The organization aims to positively impact the community by providing quality housing options within income limitations established by HUD guidelines, which vary by county. According to these guidelines, a family is considered low-income if their income falls below 50% of the area median, with moderate income relying on lower limits, typically tied to 80% of the area median. The corporation also offers services to support these residents, striving to make a meaningful difference in their lives.
Official website here: www.ohdcnj.org/
Who is the CEO of Orange Housing Development Corp?
Dr Walter Mcneil Jr is the Chairman of Orange Housing Development Corp.
Official website here: www.ohdcnj.org/
What is the revenue of Orange Housing Development Corp?
Orange Housing Development Corp's revenue in 2022 was $170,411.
Official website here: www.ohdcnj.org/
Who are the executives of Orange Housing Development Corp and what are their salaries?
The average compensation at Orange Housing Development Corp during 2022 was $27,683. There are 5 employees at Orange Housing Development Corp.
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Official website here: www.ohdcnj.org/
Where can I find the form 990 for Orange Housing Development Corp?
Orange Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ohdcnj.org/
Learn more at the official website: www.ohdcnj.org/
Mission Statement of Orange Housing Development Corp
Orange Housing Development Corp, as a nonprofit organization, is committed to making a positive impact in the community. Their primary mission is to develop, own, and operate low-income housing, providing essential services to families, elderly individuals, disabled persons, the homeless, and other disadvantaged groups. This organization operates within the guidelines established by the U.S. Department of Housing and Urban Development (HUD), with income limitations and definitions varying by county.
According to these guidelines, a person is considered low-income if their income falls below 50% of the area median, which serves as the benchmark for the Section 8 Housing Assistance Payments Program. Orange Housing Development Corp's mission extends to moderate-income families as well, whose income would typically fall within the 80% of the area median range under this program. By providing affordable housing and vital services, Orange Housing Development Corp aims to create a more equitable community, ensuring that disadvantaged groups have access to safe and secure living environments.
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Impact
October, 2024
Orange Housing Development Corp significantly impacts the community by developing, owning, and operating low-income housing that serves families, the elderly, and individuals who are handicapped, homeless, or otherwise disadvantaged. By focusing on the creation of quality affordable housing, the organization directly addresses critical housing shortages and improves living conditions for those in need.
Through adherence to HUD guidelines, Orange Housing Development Corp ensures that its services are accessible to very low-income households, contributing to the stability and well-being of residents. This effort fosters a stronger community by providing not just housing, but also essential support services, thereby empowering individuals and families to achieve a better quality of life.
Overall, the organization acts as a vital resource in Orange, NJ, facilitating economic mobility and social inclusion by combating homelessness and helping to alleviate poverty in the region.
This information is meant to be a general summary of Orange Housing Development 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.
- Program Service Revenue: $166,825
- Gross Receipts: $221,018
Assets and Liabilities:
- Total Assets: $2,779,487
- Total Liabilities: $528,101
- Net Assets: $2,251,386
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAINTENANCE CONTRACT INCOME
Revenue
$23,950
RENTAL INCOME
Revenue
$94,486
MANAGEMENT FEES
Revenue
$48,389
Organization Details
Founding Year
2008
Phone
(973) 677-4577Principal Officer
Dr Walter Mcneil Jr
Main Address
340 THOMAS BOULEVARD, ORANGE, NJ, 07050
Website
www.ohdcnj.org/NTEE Category
Code: L20 - Housing
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