Overview
What is Oak View Housing Inc?
Oak View Housing Inc is a nonprofit organization committed to constructing and managing a 48-unit low-income, elderly housing facility in North Haven, Connecticut. Their mission is to offer affordable housing and congregate services to elderly tenants in need, enhancing their living conditions and ensuring their well-being. This facility is designed to cater to the specific needs of the elderly community, providing a secure and supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
Oak View Housing Inc demonstrates a strong commitment to accountability and finance, which is reflected in its impressive 94% score that earned it a Four-Star rating. The overall score is solely derived from its Accountability & Finance metrics, showcasing the organization's transparent financial practices and governance structure. In particular, it boasts a fully independent board and has effectively implemented policies for conflict of interest, whistleblower protection, and document management.
The organization maintains a robust financial health profile, highlighted by a low liabilities to assets ratio of only 1.29%. Additionally, its program expense ratio stands at 88.01%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. This is a positive signal for potential donors looking to support a nonprofit that prioritizes its mission over overhead.
While the data reflects strong financial and governance practices, it is important for stakeholders to continue engaging with the organization to understand its programmatic impact and long-term vision. Overall, Oak View Housing Inc presents itself as a reliable and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Oak View Housing Inc legitimate?
Oak View Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak View Housing 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,682
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What is the mission statement of Oak View Housing Inc?
Oak View Housing Inc's mission revolves around constructing and managing a 48-unit housing facility primarily for low-income elderly individuals. Their objective is to offer both housing and congregate services within this facility, aiming to provide a suitable living environment for this specific demographic. The organization's mission is to construct and operate a 48-unit low-income, elderly housing facility, thereby ensuring affordable and congregate services for the elderly tenants.
Who is the CEO of Oak View Housing Inc?
Scott Morrow is the Treasurer of Oak View Housing Inc.
What is the revenue of Oak View Housing Inc?
Oak View Housing Inc's revenue in 2022 was $492,547.
Who are the executives of Oak View Housing Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Oak View Housing Inc?
Oak View Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oak View Housing Inc
Oak View Housing Inc, as a mission-driven organization, is committed to constructing and operating a 48-unit low-income housing facility primarily for the elderly. Their primary objective is to provide suitable housing and congregate services to this demographic, ensuring they live in a supportive environment. This nonprofit aims to cater to the housing needs of low-income elderly individuals, offering them a safe and comfortable living space. By constructing and operating this facility, Oak View Housing Inc contributes to the well-being of elderly populations, providing them with the essential resources they need to live independently and with dignity.
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Impact
July, 2024
Oak View Housing Inc's impact can be seen in the provision of affordable housing and congregate services to low-income elderly individuals in North Haven, Connecticut. By constructing and operating a 48-unit low-income elderly housing facility, the organization directly addresses the housing needs of this vulnerable population. This initiative not only provides a safe and comfortable living environment for the residents but also fosters a sense of community and support through congregate services. Oak View Housing Inc's mission to support low-income elderly individuals by offering affordable housing options reflects its commitment to enhancing the quality of life for this demographic in North Haven.
This information is meant to be a general summary of Oak View Housing 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 2022.
- Investment Income: $810
- Program Service Revenue: $491,737
- Gross Receipts: $492,547
Assets and Liabilities:
- Total Assets: $3,533,280
- Total Liabilities: $29,968
- Net Assets: $3,503,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$491,737
Organization Details
Founding Year
2003
Phone
(203) 234-8807Principal Officer
Scott Morrow
Main Address
520 POOL ROAD, NORTH HAVEN, CT, 06473
NTEE Category
Code: L20 - Housing
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