Overview
What is Oregon Corporation For Affordable Housing?
Oregon Corporation for Affordable Housing, operating under the name NEF Housing Charities, is a nonprofit organization based in Chicago, Illinois. Their primary mission is to alleviate poverty and distress by constructing, developing, and managing safe, clean, and affordable low-income housing projects not only in Oregon but also in other states. They function as the general partner or managing member in various investment partnerships, acquiring interests in projects that provide affordable housing for limited income individuals. Additionally, NEF Housing Charities offers asset management services to support these investments. Furthermore, they distribute charitable donations to further their tax-exempt mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Oregon Corporation For Affordable Housing has earned an 85% rating from Charity Navigator, reflecting strong accountability and financial health. With no reported material diversion of assets and excellent scores in areas such as financial statements and board governance, the organization demonstrates a high level of transparency and ethical management. Its funding efficiency and program expense ratio indicate that a significant portion of its resources is directed toward its mission.
Financially, the organization maintains a favorable liabilities to assets ratio of 25.73%, showcasing its stability. Additionally, the working capital ratio of 3.21 years suggests that it has ample resources to cover its operational needs. This solid financial footing allows it to effectively support its initiatives in providing affordable housing.
While the organization has many strengths, the three-star rating suggests there may be areas for improvement to reach a higher rating. However, overall, the positive financial metrics and strong governance practices point to a nonprofit that is effectively working towards its goals in affordable housing.
This AI summary has been generated from information found on Charity Navigator.
Is Oregon Corporation For Affordable Housing legitimate?
Oregon Corporation For Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oregon Corporation For Affordable Housing 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 Oregon Corporation For Affordable Housing?
The Oregon Corporation for Affordable Housing, in its mission, aims to alleviate poverty and distress by actively engaging in the development, construction, and operation of safe, hygienic, and affordable low-income housing projects not only in Oregon but also in other states. This organization serves as the general partner or managing member of various partnerships and companies that invest in or acquire interests in projects that provide affordable housing. Furthermore, they provide and facilitate asset management services to support these investments in low-income housing projects. Additionally, they allocate funds from charitable donations to advance their tax-exempt mission, contributing to the provision of affordable housing.
Who is the CEO of Oregon Corporation For Affordable Housing?
Matthew Reilein is the CEO of Oregon Corporation For Affordable Housing The CEO's salary of Oregon Corporation For Affordable Housing is $0 and their total compensation is $1,333,259.
What is the revenue of Oregon Corporation For Affordable Housing?
Oregon Corporation For Affordable Housing's revenue in 2023 was $1,785,409.
Who are the executives of Oregon Corporation For Affordable Housing and what are their salaries?
Here are 8 key members and their salaries (Oregon Corporation For Affordable Housing's CEO's salary is $0 and their total compensation is $1,333,259):
- Compensation: $0
- Related: $691,752
- Other: $124,470
- Compensation: $0
- Related: $680,821
- Other: $125,706
- Compensation: $0
- Related: $626,774
- Other: $137,993
- Compensation: $0
- Related: $774,334
- Other: $173,843
- Compensation: $0
- Related: $1,003,040
- Other: $330,219
- Compensation: $0
- Related: $543,917
- Other: $58,490
- Compensation: $0
- Related: $682,508
- Other: $113,451
- Compensation: $0
- Related: $453,175
- Other: $57,523
Where can I find the form 990 for Oregon Corporation For Affordable Housing?
Oregon Corporation For Affordable Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oregon Corporation For Affordable Housing
Oregon Corporation for Affordable Housing, often referred to as NEF Housing Charities, is dedicated to alleviating poverty and distress by actively participating in the development, construction, and operation of safe, sanitary, and affordable low-income housing not just in Oregon but also in other states. The organization serves as a general partner or managing member in investor limited partnerships and limited liability companies, acquiring interests in projects that own, construct, rehabilitate, and manage affordable housing units for low-income individuals. Furthermore, NEF Housing Charities also provides and facilitates asset management services to support investments in such low-income housing projects, and it makes grants from charitable donations in line with its tax-exempt mission. By pursuing these activities, Oregon Corporation for Affordable Housing aims to contribute to the provision of affordable housing, thereby improving the living conditions and promoting the well-being of the low-income population.
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Impact
July, 2024
Oregon Corporation For Affordable Housing, operating as NEF Housing Charities, plays a crucial role in relieving poverty and distress through the development, construction, and operation of safe, sanitary, and affordable low-income housing in Oregon and other states. By serving as the general partner or managing member of investor partnerships and limited liability companies, this organization acquires interests in projects that provide essential housing for low-income individuals and families. Additionally, NEF Housing Charities offers asset management services to support these investments and makes grants from charitable donations to further its mission. Through its dedicated efforts, Oregon Corporation For Affordable Housing makes a significant impact in addressing the pressing need for affordable housing and improving the lives of individuals facing economic challenges.
This information is meant to be a general summary of Oregon Corporation For Affordable Housing. 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: $129,264
- Program Service Revenue: $690,663
- Gross Receipts: $1,785,409
Assets and Liabilities:
- Total Assets: $3,989,728
- Total Liabilities: $1,026,814
- Net Assets: $2,962,914
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REV
Revenue
$690,663
Organization Details
Founding Year
1993
Principal Officer
Matthew Reilein
NTEE Category
Code: L200 - Housing
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