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:
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- 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.
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
Phone
(732) 355-9009Principal Officer
Walter Runyon
Main Address
700 WOODS LANE, MONMOUTH JUNCTION, NJ, 08852
NTEE Category
Code: L210 - Housing
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