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Golden Oaks Apartments Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204045133 ✦ Cookeville, TN ✦ Designated as a 501(c)(3)

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Overview

What is Golden Oaks Apartments Inc?

Golden Oaks Apartments Inc is a 14-unit housing facility situated in Cookeville, Tennessee, specifically at 1104 England Drive. This nonprofit organization is dedicated to serving senior citizens, and its rent is subsidized by HUD, making it affordable based on the tenant's income level. The project's mission is to ensure the wellbeing of its elderly residents, striving to create an environment that caters to their needs. Golden Oaks Apartments Inc is committed to providing affordable housing for the elderly, making every effort to foster a living space that promotes their overall wellbeing.

Is Golden Oaks Apartments Inc legitimate?

Golden Oaks Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Oaks Apartments 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: $0

For more financial information, click here

What is the mission statement of Golden Oaks Apartments Inc?

Golden Oaks Apartments Inc is dedicated to serving the elderly population by providing affordable housing. The organization strives to create an environment that promotes the well-being of its residents. The 14-unit apartment complex is subsidized by HUD, with rent based on the income level of the tenant. The mission of Golden Oaks Apartments Inc is to ensure that elderly individuals have access to safe and affordable housing, thereby enhancing their living conditions and overall quality of life.

Who is the CEO of Golden Oaks Apartments Inc?

Myra Walker is the Secretary/Treasurer of Golden Oaks Apartments Inc.

What is the revenue of Golden Oaks Apartments Inc?

Golden Oaks Apartments Inc's revenue in 2023 was $99,411.

Who are the executives of Golden Oaks Apartments Inc and what are their salaries?


Here are 3 key members and their salaries:


Marie Ferran (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marvin Lusk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Williams (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Golden Oaks Apartments Inc?

Golden Oaks Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Golden Oaks Apartments Inc

Golden Oaks Apartments Inc is committed to serving the elderly population by providing affordable housing. They strive to create an environment that promotes the well-being of its senior residents. The organization ensures that rent is subsidized by HUD, and the amount is based on the income level of each tenant. This approach makes housing accessible and affordable for elderly individuals, contributing to their overall well-being and quality of life. Golden Oaks Apartments Inc's mission is to provide a living space that is not only affordable but also conducive to the physical and mental health of its elderly residents.

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Impact




October, 2024

Golden Oaks Apartments Inc. plays a crucial role in supporting the elderly community in Cookeville, TN, by providing affordable housing solutions. With its 14-unit apartment complex specifically designed for senior citizens, it ensures that residents have access to safe and comfortable living conditions tailored to their needs. The rent structure, subsidized by HUD, is designed to accommodate varying income levels, making it accessible for those on fixed incomes.

By prioritizing the well-being of its residents, Golden Oaks fosters an environment that encourages health, safety, and community connection among seniors. This initiative not only alleviates the financial burden often faced by elderly individuals but also enhances their overall quality of life through a supportive and conducive living atmosphere. Golden Oaks Apartments Inc. significantly impacts the lives of its residents, addressing essential housing needs while promoting dignity and independence within the elderly population.




This information is meant to be a general summary of Golden Oaks Apartments 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.

Revenue
$99,411 (2023)
Expenses
$160,267 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $9
  • Program Service Revenue: $52,819
  • Gross Receipts: $99,411

Assets and Liabilities:

  • Total Assets: $1,227,393
  • Total Liabilities: $14,517
  • Net Assets: $1,212,876

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GROUP HOME OPERATIONS

Revenue

$52,819

Organization Details

Founding Year

2008

Principal Officer

Myra Walker

Main Address

1104 ENGLAND DRIVE, COOKEVILLE, TN, 38501

NTEE Category

Code: L11 - Housing

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