Overview

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Est.

1979

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

OAK PARK RESIDENCE CORPORATION, operating in Oak Park, Illinois, is dedicated to enhancing the welfare of local residents through the improvement of substandard housing and the elimination of blight. With an operating budget of $10.5 million and total revenue of $10.6 million for the 2024 filing year, the organization collaborates with government and civic bodies to combat racial and ethnic discrimination while promoting fair housing practices. The organization does not rely on a single funder for 50% or more of its revenue. For more information, visit www.oakparkrc.com.

Mission Statement

THE ORGANIZATION WAS ESTABLISHED TO PROMOTE THE PROGRESS AND GENERAL WELFARE OF THE RESIDENTS OF THE VILLAGE OF OAK PARK, ILLINOIS BY IMPROVING OR CAUSING TO BE IMPROVED SUBSTANDARD OAK PARK HOUSING STOCK AND DEVELOPING PROJECTS AND ACTIVITIES FOR THE PREVENTION AND ELIMINATION OF BLIGHT INFLUENCE AND IN COOPERATION WITH GOVERNMENT AND CIVIC BODIES FOR THE PREVENTION AND ELIMINATION OF RACIAL AND ETHNIC PREJUDICE AND DISCRIMINATION. THE ORGANIZATION ALSO ASSISTS THE LOCAL GOVERNMENT IN IMPLEMENTING ITS FAIR HOUSING ORDINANCE, INSTRUCTS AND COUNCELS INDIVIDUALS AND GROUPS ON HOUSING MANAGEMENT STANDARDS, HOUSING REHABILITATION TECHNIQUES AND IMPROVEMENT OF RESIDENTIAL PROPERTIES TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES TO MEET THEIR PHYSICAL NEEDS TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.
Revenues
$10.6M
Expenses
$10.5M
Net Income:
+$97.8K
Assets
$55.2M
Liabilities
$55.4M
Net Assets:
-$151.8K
Operating Budget
$10.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$1.4M
Largest grant received
$1.4M
D
David G Pope
Board Member
N
Nancy Leavy
Board Member
J
Jennifer Stratman
Board Member

Frequently Asked Questions

What is OAK PARK RESIDENCE CORPORATION’s budget?
In 2024, OAK PARK RESIDENCE CORPORATION reported an annual operating budget of around $10.5 million. More detailed financial information is available to registered users.
What causes does OAK PARK RESIDENCE CORPORATION support?
OAK PARK RESIDENCE CORPORATION supports work in Housing development.
Where does OAK PARK RESIDENCE CORPORATION operate?
OAK PARK RESIDENCE CORPORATION is headquartered in OAK PARK, IL.
Who funded OAK PARK RESIDENCE CORPORATION recently?
In 2024, OAK PARK RESIDENCE CORPORATION received grants from Illinois Clean Energy Community Foundation, Illinois Clean Energy Community Foundation, and ENTERPRISE COMMUNITY PARTNERS INC. More information on this organization’s funders is available to registered users.
What is the largest grant OAK PARK RESIDENCE CORPORATION received in 2024?
The largest grant to OAK PARK RESIDENCE CORPORATION in 2024 exceeds $1.4 million.
What is OAK PARK RESIDENCE CORPORATION’s reliance on government grants?
OAK PARK RESIDENCE CORPORATION relied on government grants for more than 5% of their total revenue in 2024.