Overview
What is Orange Senior Housing Inc?
Orange Senior Housing Inc is a nonprofit organization situated in Orange, California, with a focus on providing housing and supportive services for low and moderate-income individuals and families. In 2022, they continued managing a senior affordable apartment community, Triangle Terrace, which they had constructed and renovated earlier. The property's occupancy rate exceeded 95%, and the partnership received a rent increase and paid off the developer fee. Additionally, Orange Senior Housing initiated the development of a new senior affordable apartment community named Katella Terrace, securing financial support and tax credits for the project. The organization's mission to contribute to the well-being of their community persists through these projects.
Is Orange Senior Housing Inc legitimate?
Orange Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orange Senior Housing 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
For more financial information, click here
What is the mission statement of Orange Senior Housing Inc?
Orange Senior Housing Inc's mission is centered around providing housing and supportive services to low and moderate income individuals and families. Throughout the year, they effectively managed a senior affordable apartment community, ensuring occupancy rates exceeded 95%. They also engaged in discussions for the development of a new senior affordable housing project, Katella Terrace, securing necessary approvals and financing. The organization's efforts demonstrate a commitment to addressing housing needs and improving living conditions for individuals in this income bracket.
What is the revenue of Orange Senior Housing Inc?
Orange Senior Housing Inc's revenue in 2023 was $501,450.
Who are the executives of Orange Senior Housing Inc and what are their salaries?
There 8 volunteers at Orange Senior Housing Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Orange Senior Housing Inc?
Orange Senior Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Orange Senior Housing Inc
Orange Senior Housing Inc, a renowned organization, is dedicated to providing housing and supportive services to low and moderate income individuals and families. Their mission is to create an environment where these individuals can thrive, offering them a sense of security and community. The nonprofit aims to make a tangible difference in people's lives by offering affordable housing and essential services, thereby empowering them to lead fulfilling lives.
During 2022, Orange Senior Housing Inc continued its mission by managing the Triangle Terrace Affordable Limited Partnership, which oversees a 75-unit senior apartment community. The organization successfully maintained high occupancy rates, exceeding 95%, and secured a rent increase to ensure the financial sustainability of the project. Moreover, Orange Senior Housing Inc took significant strides towards developing a new community of senior affordable apartments named Katella Terrace. The organization worked in collaboration with the City of Orange and Horizon-ELOM Holdings to secure necessary funding and approvals, ultimately securing tax credits valued at $26,974,000 to finance the project. This demonstrates Orange Senior Housing Inc's unwavering commitment to providing affordable housing and essential services to low and moderate income individuals and families.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Orange Senior Housing Inc. (OSH) has a significant impact on low and moderate-income individuals and families by providing affordable housing and essential supportive services. In 2022, OSH successfully managed the Triangle Terrace Affordable Limited Partnership, overseeing a 75-unit senior affordable apartment community that has been a vital resource since the 1980s. The property maintained an impressive occupancy rate of over 95%, demonstrating a strong demand for affordable housing.
The organization has also prioritized improvements, such as retaining a new property management company to enhance resident services and facilitate smooth operations. The addition of a part-time Resident Service Coordinator ensures that residents receive the support they need to thrive within their homes.
OSH is actively expanding its impact through the development of Katella Terrace, a new community of 74 affordable senior apartments. The project has received critical approvals and financial backing, including a $780,000 loan from HUD and a significant allocation of tax credits valued at nearly $27 million. This initiative not only aims to address the growing need for affordable housing but also fosters community development in Orange, California.
Through its ongoing projects and services, OSH plays a crucial role in improving the quality of life for seniors in the area, ensuring that they have access to safe and supportive living environments.
This information is meant to be a general summary of Orange Senior Housing 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 2023.
- Investment Income: $121,998
- Program Service Revenue: $379,452
- Gross Receipts: $501,450
Assets and Liabilities:
- Total Assets: $5,199,411
- Total Liabilities: $354,404
- Net Assets: $4,845,007
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer Fees
Residential RE income
Revenue
$379,452
Organization Details
Founding Year
1981
Principal Officer
Paul Abbondante
NTEE Category
Code: L22Z - Housing
If you are a representative of Orange Senior Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.