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Old Towne Square Inc

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

EIN: 261404499 ✦ Lawton, OK ✦ Designated as a 501(c)(3)

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Overview

What is Old Towne Square Inc?

Old Towne Square Inc is a nonprofit organization dedicated to addressing the housing needs of low-income elderly individuals. Through a HUD-funded Section 202 housing program, Old Towne Square Inc provides and maintains suitable living spaces for this specific demographic. Their mission is to ensure that elderly individuals with limited financial resources have access to secure and comfortable housing, thereby improving their overall quality of life.

Is Old Towne Square Inc legitimate?

Old Towne Square Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Towne Square 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: $28,542

For more financial information, click here

What is the mission statement of Old Towne Square Inc?

Old Towne Square Inc, as an organization, is committed to providing housing solutions for low-income elderly individuals. They accomplish this mission through their ownership, maintenance, and operation of a HUD-funded Section 202 housing program. This program is designed specifically to cater to the housing needs of this demographic, providing them with a secure and affordable living environment. The organization's mission is rooted in the belief that every elderly person deserves a decent living space, regardless of their income level. Old Towne Square Inc's work is instrumental in ensuring that the elderly, who often face financial challenges, can maintain their independence and dignity in a suitable living environment.

Who is the CEO of Old Towne Square Inc?

Rita Love is the Executive Director of Old Towne Square Inc.

What is the revenue of Old Towne Square Inc?

Old Towne Square Inc's revenue in 2023 was $150,906.

Who are the executives of Old Towne Square Inc and what are their salaries?


Here are 8 key members and their salaries:


Rita Love (Executive Director)
  • Compensation: $0
  • Related: $115,000
  • Other: $0
Mark Ashton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Aplin (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynda Bentley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessie Cobb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Webber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Mcclain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Fitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Old Towne Square Inc?

Old Towne Square Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Old Towne Square Inc

Old Towne Square Inc, as a nonprofit organization, is committed to a mission that revolves around providing housing solutions. Specifically, Old Towne Square focuses on serving the needs of low-income elderly individuals. This mission is carried out through the operation of a Section 202 housing program, which is funded by the HUD. The organization assumes responsibility for maintaining and operating this program, with the primary objective of offering suitable housing accommodations to this specific demographic. By doing so, Old Towne Square contributes to the well-being and living conditions of the elderly population in need, thereby fostering a sense of security and stability in their lives.

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Impact




October, 2024

Old Towne Square Inc plays a crucial role in enhancing the quality of life for low-income elderly residents in Lawton, Oklahoma. By owning, maintaining, and operating a HUD-funded Section 202 housing program, it provides safe and affordable housing options tailored specifically for the senior community. This initiative not only addresses the immediate need for accessible living spaces but also fosters a supportive environment where elderly individuals can thrive. Through its efforts, Old Towne Square Inc helps to alleviate the challenges of financial insecurity and social isolation often faced by seniors, thereby contributing to their overall well-being and independence.




This information is meant to be a general summary of Old Towne Square 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
$150,906 (2023)
Expenses
$217,382 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $545
  • Program Service Revenue: $90,569
  • Gross Receipts: $150,906

Assets and Liabilities:

  • Total Assets: $2,549,277
  • Total Liabilities: $3,227,442
  • Net Assets: -$678,165

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Programs

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

Dwelling Rent

Revenue

$90,379

Misc. Revenue

Revenue

$190

Organization Details

Founding Year

2007

Principal Officer

Rita Love

Main Address

609 SW F Avenue, Lawton, OK, 73501

NTEE Category

Code: L21 - Housing

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