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Venture Inc

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

EIN: 383024297 ✦ Pontiac, MI ✦ Designated as a 501(c)(3)

Overview

What is Venture Inc?

Venture Inc, located in Pontiac, Michigan, is a dedicated nonprofit organization focusing on increasing the availability of affordable housing in Oakland and Livingston counties. Their initiatives encompass facilitating home purchases, rehabilitation, construction, and lending, as well as performing other community development activities to accomplish their objective. In 2022, they continued their work in the GM Modern Housing Neighborhood and initiated the construction of their fourth house, utilizing funding from Oakland County in collaboration with the Oakland Schools Technical Campus in Pontiac. With a team of two employees, Venture Inc is committed to providing affordable housing opportunities for individuals and families in need.


Official website here: www.olhsa.org

Is Venture Inc legitimate?

Venture Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venture 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,358

For more financial information, click here


Official website here: www.olhsa.org

What is the mission statement of Venture Inc?

Venture Inc, as an organization, aims to provide affordable housing solutions for individuals and families with low to moderate income levels. This is accomplished through facilitating home purchases, rehabilitations, constructions, and lending, as well as engaging in various community development activities to support these objectives. The mission of Venture Inc is to increase the availability of affordable housing within their operational areas, with a specific focus on Oakland and Livingston Counties. In 2022, Venture continued its efforts in the GM Modern Housing neighborhood by doing some owner-occupied rehabilitation work and started construction on its fourth house, utilizing funding from Oakland County in partnership with the Oakland Schools Technical Campus in Pontiac.


Official website here: www.olhsa.org

Who is the CEO of Venture Inc?

Susan Harding is the Chairman of Venture Inc.


Official website here: www.olhsa.org

What is the revenue of Venture Inc?

Venture Inc's revenue in 2022 was $471,444.


Official website here: www.olhsa.org

Who are the executives of Venture Inc and what are their salaries?

The average compensation at Venture Inc during 2022 was $26,179. There are 2 employees at Venture Inc.

Here are 9 key members and their salaries:

    Susan Harding (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $178,100
  • Other: $0

    • Brad Michaud (President) [Trustee/Director]
  • Compensation: $0
  • Related: $137,977
  • Other: $0

    • Thomas Kabel (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Coleman Youkam (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charmell Hancock (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Holbert Maxey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bryan Keiler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Winter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.olhsa.org

    Where can I find the form 990 for Venture Inc?

    The Venture Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.olhsa.org

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

    Mission Statement of Venture Inc

    Venture Inc, a nonprofit organization, is committed to providing affordable housing opportunities for individuals and families in need. Their mission is twofold: firstly, to increase the availability of affordable housing within Oakland and Livingston Counties, and secondly, to facilitate home purchase, rehabilitation, construction, and lending to achieve this objective. Venture Inc engages in various community development activities to help realize these goals. In 2022, Venture Inc continued its work in the GM Modern Housing Neighborhood by undertaking owner-occupied rehabilitation projects. Moreover, the organization initiated construction of its fourth house, utilizing funding from Oakland County in partnership with Oakland Schools Technical Campus in Pontiac.

    Impact

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




    Wednesday, July 24, 2024

    Venture Inc's impact lies in its mission to provide energy-efficient, affordable housing for individuals and families of low and moderate income levels. By facilitating home purchase, rehabilitation, construction, and lending activities, Venture Inc aims to increase the amount of affordable housing within Oakland and Livingston counties. In 2022, Venture continued its efforts in the GM Modern Housing neighborhood through owner-occupied rehabilitation work and initiated the construction of its fourth house build, utilizing funding from Oakland County in partnership with the Oakland Schools Technical Campus in Pontiac. Through these initiatives, Venture Inc is actively contributing to addressing the critical need for affordable housing opportunities in the region, ultimately improving the quality of life for many individuals and families in need.





    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: $32,615
  • Program Service Revenue: $0
  • Gross Receipts: $471,444

    • Assets and Liabilities:
  • Total Assets: $351,748
  • Total Liabilities: $1,403,724
  • Net Assets: -$1,051,976
  • Organization Details

    Founding Year

    1991

    Principal Officer

    Susan Harding

    Main Address

    196 CESAR E CHAVEZ AVENUE, PONTIAC, MI, 48342

    NTEE Category

    Code: L80Z - Housing

    If you are a representative of Venture 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.