Oak Park Residence Corp

Interesting data from their 2020 990 filing

The mission of the non-profit, as stated in the filing, is “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.”.

When referring to its tasks, they were described as: “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.”.

• The non-profit is operating legally in the state of IL.
• The non-profit's address for the year 2020 is listed as 21 SOUTH BOULEVARD, OAK PARK, IL, 60302 in the filing.
• The form submitted by the non-profit organization for 2020 reports 47 employees.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor advised fund.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is -$302,277.
• The CEO compensation package within the organization is established through a review and approval process by an independent body.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 7 independent voting members.
• The organization was formed in 1979.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule J.
• The organization is required to file Schedule O.
• The organization pays $1,454,801 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.
• The organization's financial statements were reviewed by an accountant.