Carlisle Opportunity Homes Inc
- Assets
- $254.6k
- Revenue
- $116.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Carlisle, PA
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 23-1706834
Organization Overview
Carlisle Opportunity Homes Inc is located in Carlisle, PA. The organization was established in 1971. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlisle Opportunity Homes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Carlisle Opportunity Homes Inc generated $116.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $187.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW TO MODERATE INCOME RENTAL HOUSING FOR THE CARLISLE PENNSYLVANIA COMMUNITY AND SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM OF CARLISLE OPPORTUNITY HOMES, INC, (COH) PROVIDES RENTAL HOUSING FOR APPROXIMATELY 31 LOW AND MODERATE INCOME FAMILIES. IN ORDER TO MAINTAIN AND IMPROVE RENTAL HOUSING QUALITY COH CONTINUED ITS PROGRAM OF HOUSE INSPECTION AND SIGNIFICANT EXPENDITURES ON MAINTENANCE AND REPAIR DURING 2016. COH CONTRACTS ANNUALLY WITH THE REDEVELOPMENT AUTHORITY OF CUMBERLAND COUNTY TO PROVIDE THE OVERALL MANAGEMENT SERVICES AND PROPERTY MAINTENANCE SERVICES WHICH IT ALSO PROVIDES FOR ITS OWN EXTENSIVE AFFORDABLE HOUSING PROGRAMS. A PROPERTY MANAGER HAS DEFINED THE MISSION OF COH AS AN "ORGANIZATION OF SECOND CHANCE" FOR THOSE WHO DO NOT MEET THE MORE STRINGENT GUIDELINES FOR PUBLIC HOUSING. SOME OF OUR CLIENTS ARE RECIPIENTS OF SECTION 8 PAYMENTS. COH CLIENTS MUST PASS A SELECTION REVIEW PROCESS AND ARE PROVIDED WITH FIRM GUIDANCE IN REALIZING THEIR HOUSING NEEDS IN WELL MAINTAINED HOUSING UNITS. NEW CLIENTS ARE IDENTIFIED THROUGH A HOUSING WAITING LIST MAINTAINED BY THE HOUSING AUTHORITY, THROUGH FOCUSED ADVERTISEMENTS AND GENERAL PUBLICITY IN THE LOCAL NEWSPAPER, AND THROUGH FOCUSED ADVERTISEMENTS AND GENERAL PUBLICITY IN THE LOCAL NEWSPAPER, AND THROUGH WORD-OF-MOUTH BY CURRENT CLIENTS AND IN THE LOCAL COMMUNITY. ALTHOUGH COH HAS PURSUED AN OPEN, NON- DISCRIMINATORY SELECTION PROCEDURE SINCE ITS INCEPTION, IT ADOPTED A SET OF WRITTEN CRITERIA IN 1998. THE BOARD OF DIRECTORS SCRUTINIZES EACH CASE TO DETERMINE NEED AND ABILITY TO MEET SUBSIDIZED RENTAL OR LEASE -PURCHASE OBLIGATIONS ON AN OBJECTIVE, NON-DISCRIMINATORY BASIS. FAMILY-UNIT SIZE IS MATCHED WITH THE NUMBER OF ROOMS/BEDROOMS IN THE AVAILABLE HOUSING. A COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS EACH FAMILY SITUATION IN DETAIL BEFORE ACCEPTING THE CLIENT INTO THE PROGRAM. CLIENTS WHO DO NOT MEET THEIR FINANCIAL OBLIGATIONS ARE COUNSELED AND MAY BE TERMINATED IF IT IS CLEAR THAT THEY CANNOT OR WILL NOT MEET THEIR OBLIGATIONS. BOARD MEMBERS ALSO INSPECT HOUSING UNITS ON A REGULAR BASIS AND ARRANGE FOR REGULAR MAINTENANCE. IN ORDER TO MAINTAIN AND IMPROVE THE EXISTING COMMUNITY HOUSING STOCK COH WILL OCCASIONALLY BUY A DETERIORATING HOUSE, REHABILITATE IT, AND OFFER IT FOR RENTAL OR SALE TO A QUALIFIED FAMILY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bishop Vice Preside | Officer | 1 | $0 |
Sonya Browne Secretary | Officer | 1 | $0 |
Joni Capone Treasurer | Officer | 1 | $0 |
Judy Cobb Board Member | Officer | 1 | $0 |
Tom Gusler Board Member | Officer | 1 | $0 |
Barbara Woods Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $897 |
| Total Program Service Revenue | $115,867 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,000 |
| Fees for services: Legal | $1,805 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,374 |
| Insurance | $18,134 |
| All other expenses | $26,562 |
| Total functional expenses | $187,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,471 |
| Savings and temporary cash investments | $18,093 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $208,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77 |
| Total assets | $254,620 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,282 |
| Total liabilities | $6,282 |
| Net assets without donor restrictions | $248,338 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $254,620 |