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Orion Area Not-For-Profit Housing Corp

Heritage Place Of Lake Orion

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

EIN: 382477142 ✦ Farmington hills, MI ✦ Designated as a 501(c)(3)

Overview

What is Orion Area Not-For-Profit Housing Corp?

Orion Area Not-For-Profit Housing Corp, functioning under the name Heritage Place of Lake Orion, is a dedicated nonprofit organization based in Farmington Hills, Michigan. Their primary mission is to provide affordable housing for elderly and handicapped individuals, operating a 57-unit apartment complex located in Lake Orion, Michigan. This housing complex is funded through Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). The project receives additional financial support through the Section 8 program, which provides rental supplements from the federal government. HUD also holds a mortgage on the property. The organization's main programs include the Section 202 direct loan and the assistance received from the Section 8 program, aiming to enhance living conditions for those in need.


Official website here: www.trinityhealthseniorcommunities.org

Is Orion Area Not-For-Profit Housing Corp legitimate?

Orion Area Not-For-Profit Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orion Area Not-For-Profit Housing 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,630

For more financial information, click here


Official website here: www.trinityhealthseniorcommunities.org

What is the mission statement of Orion Area Not-For-Profit Housing Corp?

Orion Area Not-For-Profit Housing Corp is dedicated to providing low-income housing for elderly and handicapped individuals. Their mission is centered around managing and operating a multi-family apartment complex, offering a home for those in need. This housing corporation operates under Section 202 of the National Housing Act, regulated by the U.S. Department of Housing and Urban Development (HUD). The Project they manage receives rental supplements from the federal government under the Section 8 program and is subject to a mortgage from HUD. The main programs of Orion Area Not-For-Profit Housing Corp include their Section 202 Direct Loan and the assistance received from the Section 8 program, aiming to provide a suitable living environment for the elderly and handicapped individuals they serve.


Official website here: www.trinityhealthseniorcommunities.org

Who is the CEO of Orion Area Not-For-Profit Housing Corp?

Larry Wik is the Trustee; Chair; Treasurer of Orion Area Not-For-Profit Housing Corp.


Official website here: www.trinityhealthseniorcommunities.org

What is the revenue of Orion Area Not-For-Profit Housing Corp?

Orion Area Not-For-Profit Housing Corp's revenue in 2022 was $595,203.


Official website here: www.trinityhealthseniorcommunities.org

Who are the executives of Orion Area Not-For-Profit Housing Corp and what are their salaries?

Here are 6 key members and their salaries:

    The Very Rev Larry Wik (Trustee; Chair; Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Schwartz (Trustee; Vice Chair; Secre)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debra Averill (Trustee Through 04/22)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patty Kerin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barry Michels (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Stephen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.trinityhealthseniorcommunities.org

    Where can I find the form 990 for Orion Area Not-For-Profit Housing Corp?

    The Orion Area Not-For-Profit Housing Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.trinityhealthseniorcommunities.org

    Learn more at the official website: www.trinityhealthseniorcommunities.org

    Mission Statement of Orion Area Not-For-Profit Housing Corp

    Orion Area Not-For-Profit Housing Corp is committed to providing low-income housing for elderly and handicapped individuals. This mission is carried out through the operation and management of a 57-unit multi-family apartment complex, which serves as a residence for these individuals. The organization is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operating methods. Additionally, the project receives rent supplements from the federal government under the Section 8 program, making it an affordable housing option for those in need. The organization's major programs include its Section 202 Direct Loan and the assistance received from the Section 8 program. In essence, Orion Area Not-For-Profit Housing Corp is dedicated to creating a safe and affordable living environment for elderly and handicapped individuals, ensuring they have access to the housing they require.

    Impact

    This information is meant to be a general summary of Orion Area Not-For-Profit Housing Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Orion Area Not-For-Profit Housing Corp's impact lies in providing essential low-income housing for elderly and handicapped individuals in Lake Orion, Michigan. Through its ownership, operation, and management of a 57-unit multi-family apartment complex, the organization ensures that vulnerable members of the community have access to safe and affordable housing. By participating in HUD's Section 8 program and receiving rent supplements from the federal government, Orion Area Not-For-Profit Housing Corp plays a vital role in addressing the housing needs of those in need. Their mission to provide housing for elderly and handicapped individuals underscores their commitment to improving the quality of life for those facing housing challenges in the area.





    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: $42
  • Program Service Revenue: $214,072
  • Gross Receipts: $595,203

    • Assets and Liabilities:
  • Total Assets: $1,106,203
  • Total Liabilities: $1,781,065
  • Net Assets: -$674,862
  • Programs

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

    APARTMENT RENTAL

    Revenue

    $214,072

    Organization Details

    Founding Year

    1983

    Principal Officer

    Larry Wik

    Main Address

    PO BOX 9184, FARMINGTON HILLS, MI, 483339184

    NTEE Category

    Code: L21Z - Housing

    If you are a representative of Orion Area Not-For-Profit Housing Corp 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.