Oak Park Residence Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 362666771 ✦ Oak park, IL ✦ Designated as a 501(c)(3)

Overview

What is Oak Park Residence Corporation?

Oak Park Residence Corporation, situated in Oak Park, Illinois, is a nonprofit organization with a mission to promote the well-being of its local community. Established to improve substandard housing, the corporation repairs, purchases, sells, and manages residential properties, including foreclosed houses. Their work extends beyond just housing, as they collaborate with government and civic bodies to combat racial and ethnic prejudice and discrimination. The organization also assists the local government in implementing its fair housing ordinance, offering guidance on housing management standards and rehabilitation techniques. Furthermore, they strive to provide suitable housing facilities for elderly and handicapped individuals, focusing on their physical needs and overall well-being. With a dedicated workforce of 48 employees, Oak Park Residence Corporation contributes to the betterment of its community.


Official website here: www.oakparkrc.com

Is Oak Park Residence Corporation legitimate?

Oak Park Residence Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Park Residence 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.

Here are some key statistics you may want to consider:

Executive Compensation: $250,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,108,642

For more financial information, click here


Official website here: www.oakparkrc.com

What is the mission statement of Oak Park Residence Corporation?

The Oak Park Residence Corporation was established with the goal of improving the living conditions and general well-being of its residents. The organization aims to enhance substandard housing in its community and eliminate blight, collaborating with government and civic bodies. Additionally, it works towards preventing and eliminating racial and ethnic prejudice and discrimination. The corporation assists the local government in implementing its fair housing ordinance, providing instruction and counseling on housing management standards, rehabilitation techniques, and property improvement. It also focuses on providing suitable housing facilities for the elderly and disabled, promoting their health, security, happiness, and usefulness in extended living.


Official website here: www.oakparkrc.com

Who is the CEO of Oak Park Residence Corporation?

David G Pope is the Ceo of Oak Park Residence Corporation. The CEO's salary of Oak Park Residence Corporation is $250,159 and their total compensation is $250,159.


Official website here: www.oakparkrc.com

What is the revenue of Oak Park Residence Corporation?

Oak Park Residence Corporation's revenue in 2022 was $9,778,703.


Official website here: www.oakparkrc.com

Who are the executives of Oak Park Residence Corporation and what are their salaries?

The average compensation at Oak Park Residence Corporation during 2022 was $28,308. There are 48 employees at Oak Park Residence Corporation.

Here are 8 key members and their salaries (Oak Park Residence Corporation's CEO's salary is $250,159 and their total compensation is $250,159):

    David G Pope (Ceo)
  • Compensation: $250,159
  • Related: $0
  • Other: $0

    • Ryan Von Drehle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Gonzalez (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Majorie Greenwald (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Leavy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wayne Pierce (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Stratman (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachel Weber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.oakparkrc.com

    Where can I find the form 990 for Oak Park Residence Corporation?

    The Oak Park Residence Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.oakparkrc.com

    Learn more at the official website: www.oakparkrc.com

    Mission Statement of Oak Park Residence Corporation

    Oak Park Residence Corporation, established with a mission to enhance the well-being of its community, focuses on improving substandard housing in Oak Park, Illinois. The organization's primary goal is to eliminate housing issues and prevent racial and ethnic discrimination. In cooperation with government and civic bodies, it strives to eradicate prejudice and discrimination. Moreover, Oak Park Residence Corporation assists the local government in implementing its fair housing ordinance.

    Beyond housing, the organization provides guidance and counseling to individuals and groups on housing management standards, rehabilitation techniques, and the improvement of residential properties. This commitment extends to ensuring that elderly and handicapped individuals have access to appropriate housing facilities to meet their physical needs, thereby promoting their health, security, happiness, and overall usefulness in longer living.

    In essence, Oak Park Residence Corporation is a driving force in promoting community progress and well-being by addressing housing issues and advocating for fair housing practices. It stands as a beacon of cooperation, working hand-in-hand with government and civic bodies to eradicate discrimination and improve living conditions for all residents.

    Impact

    This information is meant to be a general summary of Oak Park Residence Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Oak Park Residence Corporation's impact is centered on improving housing stock in Oak Park, Illinois and developing initiatives to prevent blight. The organization also works in partnership with government and civic bodies to combat racial and ethnic prejudice and discrimination in housing. Additionally, they assist in the implementation of fair housing ordinances and provide counseling on housing management standards and rehabilitation techniques. By managing properties and selling foreclosed homes, the organization aims to provide housing facilities that cater to the physical needs of elderly and handicapped individuals, promoting their health, security, happiness, and longevity.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $606
  • Program Service Revenue: $8,902,899
  • Gross Receipts: $9,778,703

    • Assets and Liabilities:
  • Total Assets: $42,582,613
  • Total Liabilities: $42,324,778
  • Net Assets: $257,835
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENT-TENANTS

    Revenue

    $8,721,026

    MGMT. & MAINT. FEES

    Revenue

    $86,280

    VILL OAK PARK SMALL CONDO GT

    Revenue

    $42,500

    PROGRAM REIMBURSEMENTS

    Revenue

    $36,024

    OTHER ADMINISTRATIVE FEES

    Revenue

    $17,069

    Organization Details

    Founding Year

    1979

    Principal Officer

    David G Pope

    Main Address

    21 SOUTH BOULEVARD, OAK PARK, IL, 60304

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Oak Park Residence Corporation 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.