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Oak Woods Inc

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

EIN: 223496040 ✦ Monmouth junction, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Oak Woods Inc?

Oak Woods Inc is a nonprofit organization located in Monmouth Junction, New Jersey. Its primary mission is to provide safe and comfortable housing for income-eligible seniors, operating a Section 202 HUD-financed multifamily housing project consisting of 74 units. This project aims to create a caring community environment for its elderly residents.


Official website here: www.southbrunswickseniorhousing.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.

Oak Woods Inc has achieved a high level of accountability and financial health, reflected in its impressive 96% score. This rating indicates a strong commitment to transparency and effective governance, as evidenced by its fully independent board and robust policies surrounding conflict of interest and whistleblower protections. The organization excels in maintaining comprehensive financial oversight, which is crucial for building trust with supporters.

The nonprofit effectively allocates resources, with 72.70% of its expenses directed towards programs, demonstrating a dedication to its mission. Furthermore, the absence of any material diversion of assets highlights its integrity in managing funds. The organization also maintains clear documentation practices, including board meeting minutes, which enhance its operational transparency.

However, while the financial metrics are outstanding, the summary does not provide specific information regarding the programmatic impact of Oak Woods Inc's activities. Potential donors may want to seek additional insights into the outcomes of their initiatives to fully assess the organization's effectiveness in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Oak Woods Inc legitimate?

Oak Woods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Woods 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: $67,561
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,975

For more financial information, click here


Official website here: www.southbrunswickseniorhousing.org

What is the mission statement of Oak Woods Inc?

Oak Woods Inc, as an organization, is dedicated to providing a safe and comfortable living environment for income-eligible senior citizens. They operate a Section 202 HUD-financed multifamily housing project, housing 74 units specifically designed for the elderly. The mission of Oak Woods Inc is centered around creating a caring community where senior residents can call home.


Official website here: www.southbrunswickseniorhousing.org

Who is the CEO of Oak Woods Inc?

Walter Runyon is the Treasurer of Oak Woods Inc.


Official website here: www.southbrunswickseniorhousing.org

What is the revenue of Oak Woods Inc?

Oak Woods Inc's revenue in 2022 was $1,205,602.


Official website here: www.southbrunswickseniorhousing.org

Who are the executives of Oak Woods Inc and what are their salaries?


Here are 11 key members and their salaries:


Walter Runyon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Kane (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martha Asinobi (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Jansson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessie Parker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kamal Najjar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Luck (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Wesalo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vandana Aiyar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Buzby Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Scalera (Executive Director)
  • Compensation: $0
  • Related: $134,498
  • Other: $5,482


Official website here: www.southbrunswickseniorhousing.org

Where can I find the form 990 for Oak Woods Inc?

Oak Woods Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.southbrunswickseniorhousing.org

Learn more at the official website: www.southbrunswickseniorhousing.org

Mission Statement of Oak Woods Inc

Oak Woods Inc, a nonprofit organization, is dedicated to providing a safe and comfortable living environment for income-eligible seniors. Their mission is to operate a Section 202 HUD-financed multifamily housing project, which comprises 74 units, specifically designed for the elderly. By doing so, Oak Woods Inc strives to create a caring community where elderlies can reside securely and comfortably.

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Impact




October, 2024

Oak Woods Inc significantly impacts the community by providing safe, comfortable housing specifically designed for income-eligible seniors. Located in Monmouth Junction, NJ, the organization operates a HUD-financed multifamily housing project consisting of 74 units dedicated to elderly residents. This initiative fosters a caring community environment, ensuring that seniors have access to affordable living options that promote both their well-being and dignity. By addressing the housing needs of this vulnerable population, Oak Woods Inc plays a crucial role in enhancing the quality of life for seniors in the area.




This information is meant to be a general summary of Oak Woods 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
$1,205,602 (2022)
Expenses
$985,643 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,059
  • Program Service Revenue: $822,438
  • Gross Receipts: $1,205,602

Assets and Liabilities:

  • Total Assets: $4,916,847
  • Total Liabilities: $83,061
  • Net Assets: $4,833,786

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Programs

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

HUD RENTAL ASSISTANCE

Revenue

$530,175

TENANT RENT

Revenue

$269,389

COMMERCIAL RENT

Revenue

$10,200

SUPER RENT FREE UNIT

Revenue

$8,556

LAUNDRY REVENUE

Revenue

$4,118

Organization Details

Founding Year

1997

Principal Officer

Walter Runyon

Main Address

700 WOODS LANE, MONMOUTH JUNCTION, NJ, 08852

NTEE Category

Code: L210 - Housing

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