Overview
What is Housing Opportunity Corporation?
Housing Opportunity Corporation is a nonprofit organization established to aid the local Housing Authority. Its primary mission involves owning and managing multifamily residential rental properties, along with related facilities, land, and equipment, all for the benefit of the Housing Authority. By doing so, the organization aims to contribute to the provision of affordable housing opportunities, ultimately serving the community at large. Despite no reported activity in 2019, the organization remains committed to its mission of assisting the Housing Authority.
Official website here: www.hacla.org
Is Housing Opportunity Corporation legitimate?
Housing Opportunity Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunity 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
Official website here: www.hacla.org
What is the mission statement of Housing Opportunity Corporation?
Housing Opportunity Corporation was established with a mission to aid the Housing Authority by managing multifamily residential rental properties, related facilities, land, and equipment for their benefit. This corporation operates with the intention of providing assistance to enhance the living conditions and accommodations for the individuals under the Housing Authority's jurisdiction. Unfortunately, there is no information available about any current activities or initiatives undertaken by Housing Opportunity Corporation in 2019.
Official website here: www.hacla.org
What is the revenue of Housing Opportunity Corporation?
Housing Opportunity Corporation's revenue in 2023 was $12,025,493.
Official website here: www.hacla.org
Who are the executives of Housing Opportunity Corporation and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $260,112
- Other: $1,300
- Compensation: $0
- Related: $249,477
- Other: $0
- Compensation: $0
- Related: $183,980
- Other: $14,300
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hacla.org
Where can I find the form 990 for Housing Opportunity Corporation?
Housing Opportunity Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hacla.org
Learn more at the official website: www.hacla.org
Mission Statement of Housing Opportunity Corporation
Housing Opportunity Corporation, as established, is committed to aiding the Housing Authority by managing and operating multifamily residential rental properties, related facilities, land, and equipment. Its primary objective is to serve the Authority's needs, ensuring these resources are utilized for the benefit of the community. Unfortunately, there seems to be no recorded activity for Housing Opportunity Corporation in 2019, suggesting it was inactive during that period.
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Impact
October, 2024
Housing Opportunity Corporation has made a significant impact by facilitating the ownership and operation of multifamily residential rental properties, which play a crucial role in addressing housing needs within the community. By managing these properties, the Corporation supports the Housing Authority, enhancing its ability to provide safe and affordable housing solutions. Through its initiatives, Housing Opportunity Corporation contributes to the overall development of residential facilities that cater to diverse populations, thereby improving living conditions and fostering stable communities in Los Angeles, California. Although there has been no activity recorded since 2019 and the organization is currently inactive, its foundational work has set a precedent for the importance of dedicated entities in the realm of housing support and development.
This information is meant to be a general summary of Housing Opportunity 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: $178,845
- Program Service Revenue: $11,726,933
- Gross Receipts: $12,025,493
Assets and Liabilities:
- Total Assets: $70,937,137
- Total Liabilities: $43,228,704
- Net Assets: $27,708,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental and other related income
Revenue
$11,726,933
Organization Details
Founding Year
1975
Principal Officer
Tina Smith Booth
Website
www.hacla.orgNTEE Category
Code: L220 - Housing
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