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Oneholyoke Community Development Corporation

EIN 23-7168031 · Holyoke, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak46 out of 100GovernanceFair55 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO FURTHER THE DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING, TO ASSIST IN THE EXPANSION OF LOCALLY-OWNED BUSINESS ENTERPRISES AND TO PROVIDE OTHER ASSISTANCE FOR THE IMPROVEMENT OF RESIDENTIAL AND BUSINESS PROPERTY IN HOLYOKE, MASSACHUSETTS.

Income
$3.8 million
Spending
$4.6 million
Spent on programs
66%
Reserves
1.6 months of spending
Largest source of income
fees for its services, 59%
Employees
28
Volunteers
175
Highest pay
$112,315, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 46 out of 100. Higher than 31% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.6 months of spending.

  • Debt

    16 of 20

    It owes 28% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 21% of income.

  • Income trend

    5 of 15

    Income fell 16% on the year before.

  • Spending floor

    15 of 15

    66% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 55 out of 100. Higher than 8% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $1.6 million spent. PROVIDED 213 RENTAL UNITS FOR RENT FOR LOW TO MODERATE INCOME INDIVIDUALS. APPROXIMATELY 80 TENANTS RECEIVE SUBSIDIZED RENTAL ASSISTANCE FROM VARIOUS AGENCIES.
  2. $1.3 million spent. FACILITATED AND OVERSAW THE REHABILITATION OF A VACANT, THREE-STORY BUILDING LOCATED AT 147 HIGH STREET IN THE CITY OF HOLYOKE, PURSUANT TO THE CITY'S PLANS TO REVITALIZE HIGH STREET TO BETTER REFLECT THE IDENTITY AND SERVE THE INTERESTS OF THE HOLYOKE COMMUNITY.
  3. $59,242 spent. COMMUNITY ENGAGEMENT - FURTHERING THE SPIRIT OF HOLYOKE BY ENGAGING OHDC WITH THE LOCAL COMMUNITY THROUGH SPECIAL EVENTS AND PROGRAMS, SUPPORTING COMMUNITY NEEDS.
  4. $13,642 spent. RNIP LOAN PROGRAM - THE HOLYOKE RENTAL NEIGHBORHOOD IMPROVEMENT PROGRAM PROVIDES LOW INTEREST LOANS TO RENTAL PROPERTY OWNERS TO PROVIDE QUALITY HOUSING IN THE CITY OF HOLYOKE. LOANS MAY BE USED TO MAKE BUILDING IMPROVEMENTS INCLUDING ENERGY SAVING REHAB LIKE WINDOWS, DOORS AND HVAC SYSTEMS OR TO ADDRESS CODE/BUILDING VIOLATIONS. FUNDING MUST RESULT IN OCCUPIABLE UNITS WHICH MEET HUD HQS STANDARDS. INTERIM FINANCING AND REFINANCING OF EXISTING DEBT IS NOT PERMITTED. AT PROJECT COMPLETION, 51% OF TENANTS MUST MEET THE SECTION 8 INCOME LIMITS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1972.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.