Overview
What is Oak Hill Inc?
Oak Hill Inc, located in Ipswich, Massachusetts, is a nonprofit organization dedicated to providing affordable housing solutions for the elderly. Operating under the guidelines set by the U.S. Rural Development, their mission is to offer low-income housing options to eligible elderly individuals. This organization plays a significant role in the community, ensuring that eligible seniors have access to safe, affordable housing.
Official website here: www.none
What are the reviews and ratings of this charity?
81% rating from Charity Navigator indicates that Oak Hill Inc has achieved a Three-Star out of Four Star rating, which reflects a solid performance in terms of accountability and financial practices. The rating is solely based on the accountability and finance beacon, underscoring the organization's commitment to maintaining transparent and responsible management practices.
The organization excels in various metrics, such as having a fully independent board, which scored 100%. Additionally, they have demonstrated strong oversight with a well-audited financial structure and zero material diversions of assets, contributing to their high scores in accountability. Their commitment to governance is further evidenced by having a conflict of interest policy and whistleblower policy in place.
However, while the ratings highlight Oak Hill Inc's strengths in financial management and governance, they do not reflect other operational aspects such as program effectiveness or community engagement, which are not covered in the current assessment. Potential donors and stakeholders may want to seek additional information regarding the impact of their programs and services.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Hill Inc legitimate?
Oak Hill Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Hill Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.none
What is the mission statement of Oak Hill Inc?
Oak Hill Inc, as an organization, is committed to providing affordable housing solutions for qualified elderly individuals who are living below their income threshold. Their mission is centered around this goal, ensuring that elderly people have access to suitable housing options within their means. The organization operates under the guidelines set by the U.S. Rural Development, demonstrating their dedication to serving this specific demographic. By providing affordable housing, Oak Hill Inc aims to contribute positively to the well-being and living conditions of elderly individuals.
Official website here: www.none
Who is the CEO of Oak Hill Inc?
Steven Cottrell is the Vice Preside of Oak Hill Inc.
Official website here: www.none
What is the revenue of Oak Hill Inc?
Oak Hill Inc's revenue in 2023 was $712,625.
Official website here: www.none
Who are the executives of Oak Hill Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Oak Hill Inc
Oak Hill Inc, as a nonprofit organization, is committed to providing affordable housing options for qualifying elderly individuals. Their mission is centered around this goal, striving to make a significant impact in the lives of the elderly population by offering them a place to reside that is within their financial means. Under the guidelines set by the U.S. Rural Development, Oak Hill Inc carries out its mission, ensuring that the elderly individuals who are in need of housing are catered to effectively.
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Impact
July, 2024
Oak Hill Inc's impact is evident in the provision of affordable low-income housing to qualified elderly individuals in Ipswich, MA. Through their dedicated efforts, Oak Hill Inc ensures that elderly residents have access to safe and suitable housing that meets their specific needs. This organization plays a vital role in supporting the well-being and quality of life of the elderly population by offering a secure and affordable housing option.
This information is meant to be a general summary of Oak Hill Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,118
- Program Service Revenue: $190,053
- Gross Receipts: $712,625
Assets and Liabilities:
- Total Assets: $1,132,197
- Total Liabilities: $2,268,598
- Net Assets: -$1,136,401
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$190,053
Organization Details
Founding Year
1990
Phone
(978) 356-1530Principal Officer
Steven Cottrell
Main Address
35 CENTRAL STREET, IPSWICH, MA, 01938
Website
www.noneNTEE Category
Code: L22 - Housing
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