Orange Housing Development Corp EIN 90-0507823 Form 990 (PDF) Claim this org

Orange Housing Development Corp

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Builds and manages affordable housing, offering support services to families and individuals in need. For fiscal year 2024 it reported $575K in revenue, $487K in expenses, and $2.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Newark, NJ
Website
www.ohdcnj.org
Filings
5 on file (2020–2024)
Revenue
$575KFY2024
Expenses
$487K
Net assets
$2.2M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  90-0507823 Public charity (501(c)(3)) Newark, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds and manages affordable housing, offering support services to families and individuals in need.
Leadership
Avram White · Member
Money in and out
$575K revenue, $487K expenses
Bottom line
62% program efficiency
Where the money goes · FY2024
Total revenue
$575K
Pt VIII · Ln 12
Total expenses
$487K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $88K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Program efficiency
62%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
10.6mo
months of highly liquid reserves at operating expense rate▲ +112% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +144% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$575K
FY2024▲ +87%
Expenses
$487K
FY2024▲ +18%
Total assets
$2.8M
FY2024▲ +5%
Total liabilities
$592K
FY2024▲ +9%
Total revenue
$575K
Pt VIII · Ln 12
Total expenses
$487K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$88K
Total assetsPt X · Ln 16$2.8M
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COrange Housing Development Corp
EINHdr · item D90-0507823
Principal addressHdr · item CNewark, NJ
WebsiteHdr · item Jwww.ohdcnj.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $304K of program spending, described in the organization's own filed words · FY2024.
01

Organization seeks to effect a positive change in the community through the development of quality affordable housing for moderate and low income families. Income limitations and definitions established by hud guidelines by county.

$304Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$446K · 78%
Program service revenue$152K · 26%
Contributions & grants78%$446K
Program service revenue26%$152K
Total revenueLn 12$575K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$304K
Management & general38%$184K
Total functional expensesLn 25$487K

Balance Sheet

Part X · end of year
CashLn 1$432K
Total assetsLn 16$2.8M
Total liabilitiesLn 26$592K
Total net assetsLn 32$2.2M
Months of cash on handcomputed10.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $432K · Operating expenses/yr $487K
10.6 months
Where the money goes
Program services
Program services $304K · Total expenses $487K
62%
Management & General
Management & general $184K · Total expenses $487K
38%
Fundraising
Fundraising $0 · Total expenses $487K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $210K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $446K · Total revenue $575K
78%
Government reliance
Government grants — · Total revenue $575K
Earned-income share
Program service revenue $152K · Total revenue $575K
26%
Investment reliance
Investment income $0 · Total revenue $575K
0%
Program self-sufficiency
Program service revenue $152K · Total expenses $487K
31%
Growth & trend
Revenue growth (YoY)
This year $575K · Prior year $308K
+87%
Revenue CAGR
FY2020 $559K · FY2024 $575K
+0.7%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $575K · Expenses $487K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $2.8M
Net-asset ratio
Net assets $2.2M · Total assets $2.8M
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.8M
0%
People & payroll
Highest Reported Total Compensation
Individual Avram White · Reported title MEMBER · Highest reported compensation $0 · Total expenses $487K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $291K · Total expenses $487K
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0%
Revenue growth 87%
Investment management fee ratio 0%
Legal fee ratio 0.4%
Accounting fee ratio 4%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $46K · 2020–2024
Unitemized GrantFY2024$11,000
Unitemized GrantFY2023$7,500
Unitemized GrantFY2022$10,000
Unitemized GrantFY2021$7,000
Unitemized GrantFY2020$10,025

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$575K revenue · viewing · ⤓ 990 PDF
FY2023$308K revenue · ⤓ 990 PDF
FY2022$170K revenue · ⤓ 990 PDF
FY2021$233K revenue · ⤓ 990 PDF
FY2020$559K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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