Overview
What is Brook Oaks Senior Residences Inc?
Brook Oaks Senior Residences Inc is a nonprofit organization situated in Columbus, Ohio. Their primary mission is to offer subsidized housing for low and moderate-income elderly individuals, funded by the U.S. Department of HUD's Section 202 and 8 programs. This commitment to service stems from a Christian background, and they are dedicated to providing high-quality care, services, and residential communities for all seniors. In essence, Brook Oaks Senior Residences Inc offers a supportive living environment for the elderly, making housing more accessible and affordable.
Official website here: www.ncr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Brook Oaks Senior Residences Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score, emphasizing accountability and finance, reflects the organization's commitment to maintaining a transparent and responsible operational framework. A notable strength is its independent board, which consists of 100% independent members, demonstrating a strong governance structure.
The nonprofit excels in several key areas, including financial oversight, where it received maximum points for its audit and oversight committee, conflict of interest policy, whistleblower policy, and document retention practices. Additionally, it maintains a high program expense ratio of 90.15%, indicating that a significant majority of its expenditures directly support its programs and services.
However, the organization faces challenges with its liabilities to assets ratio, which is reported at 180.87%. This could raise concerns regarding financial stability and the management of its assets relative to its debts. Overall, while Brook Oaks Senior Residences Inc shows strong governance and programmatic focus, attention may be needed to address its financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Brook Oaks Senior Residences Inc legitimate?
Brook Oaks Senior Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brook Oaks Senior Residences 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
Official website here: www.ncr.org
What is the mission statement of Brook Oaks Senior Residences Inc?
Brook Oaks Senior Residences Inc, rooted in a Christian commitment to service, aims to provide high-quality care, services, and residential communities for seniors. Their primary goal is to offer subsidized housing for individuals with low and moderate incomes, primarily the elderly. They achieve this through partnerships with the U.S. Department of HUD's Sections 202 and 8 programs, which enable the provision of affordable apartment rentals. The organization is dedicated to enhancing the living standards and well-being of senior residents, ensuring they can age comfortably and with dignity.
Official website here: www.ncr.org
Who is the CEO of Brook Oaks Senior Residences Inc?
Jill Kolb is the President (Thru Dec 2022) of Brook Oaks Senior Residences Inc.
Official website here: www.ncr.org
What is the revenue of Brook Oaks Senior Residences Inc?
Brook Oaks Senior Residences Inc's revenue in 2022 was $627,675.
Official website here: www.ncr.org
Who are the executives of Brook Oaks Senior Residences Inc and what are their salaries?
There 10 volunteers at Brook Oaks Senior Residences Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $477,320
- Other: $48,992
- Compensation: $0
- Related: $437,237
- Other: $44,397
- Compensation: $0
- Related: $305,691
- Other: $39,557
- Compensation: $0
- Related: $209,679
- Other: $38,735
- Compensation: $0
- Related: $268,480
- Other: $22,702
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ncr.org
Where can I find the form 990 for Brook Oaks Senior Residences Inc?
Brook Oaks Senior Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncr.org
Learn more at the official website: www.ncr.org
Mission Statement of Brook Oaks Senior Residences Inc
Brook Oaks Senior Residences Inc, rooted in a Christian commitment to service, is dedicated to providing high-quality care, services, and residential communities for all seniors. Their primary mission is to offer subsidized housing for low and moderate-income elderly individuals. They achieve this goal through the U.S. Department of HUD's Section 202 and 8 programs, ensuring that senior citizens have access to affordable housing options. The organization's sole purpose is to enhance the living conditions of elderly individuals, providing them with a safe and secure environment where they can age with dignity and independence.
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Impact
July, 2024
Brook Oaks Senior Residences Inc's impact lies in providing high-quality housing for low and moderate-income elderly individuals. Through its commitment to service and the utilization of U.S. Department of HUD programs, the organization ensures that seniors have access to affordable and safe living spaces. By focusing on the needs of this demographic, Brook Oaks Senior Residences Inc contributes to enhancing the quality of life and fostering a sense of community among elderly residents.
This information is meant to be a general summary of Brook Oaks Senior Residences 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: $125
- Program Service Revenue: $146,442
- Gross Receipts: $627,675
Assets and Liabilities:
- Total Assets: $2,701,714
- Total Liabilities: $4,886,711
- Net Assets: -$2,184,997
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS - NET
Revenue
$146,442
Organization Details
Founding Year
2006
Phone
(614) 451-2151Principal Officer
Jill Kolb
Main Address
2245 NORTH BANK DRIVE, COLUMBUS, OH, 432205499
Website
www.ncr.orgNTEE Category
Code: L22 - Housing
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