CARLISLE OPPORTUNITY HOMES INC

EIN: 231706834 501(c)(3)

CARLISLE, PA

Total Revenue
$-52,922
Total Expenses
$195,416
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
PA
Principal Officer
JONI CAPONE
Phone
7172495321
Tax Period
2024-01-01 to 2024-12-31

CARLISLE OPPORTUNITY HOMES INC, founded in 1969, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Revenue fell 145% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE LOW TO MODERATE INCOME RENTAL HOUSING FOR THE CARLISLE PENNSYLVANIA COMMUNITY AND SURROUNDING AREA.

Program Service Accomplishments

Program 1
Expenses: $195,416 Revenue: $132,004

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $132,004
Investment Income $-184,926
Other Revenue $0
TOTAL REVENUE $-52,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $195,416
Other Expenses $195,416
TOTAL EXPENSES $195,416

Year-over-Year Comparison

2024 2023 Change
Revenue $-52,922 $116,773 -1.5%
Expenses $195,416 $187,675 +0.0%
Net Income $-248,338 $-70,902 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK BISHOP VICE PRESIDE 1.00
Officer
$0 $0 $0
SONYA BROWNE SECRETARY 1.00
Officer
$0 $0 $0
JONI CAPONE TREASURER 1.00
Officer
$0 $0 $0
JUDY COBB BOARD MEMBER 1.00
Officer
$0 $0 $0
TOM GUSLER BOARD MEMBER 1.00
Officer
$0 $0 $0
GEORGE F DOUGLAS III PRESIDENT 1.00
Officer
$0 $0 $0
BARBARA WOODS BOARD MEMBER 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $-52,922 $195,416 No data $-248,338
2023 $116,773 $187,675 $254,620 $-70,902
2022 $206,635 $182,603 $325,522 $24,032
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