Overview
What is Briarcliff Oaks Inc?
Briarcliff Oaks Inc is a nonprofit organization situated in Atlanta, Georgia, specifically at 2982 Briarcliff Road NE, offering housing solutions to low and moderate-income individuals and families. The organization operates under HUD Section 221(D)(3) and Section 8, managing a 125-unit apartment community. Their primary mission is to provide quality, affordable housing and services to the elderly, upholding a commitment to older adults of diverse faiths and beliefs. With a team of 13 dedicated employees, Briarcliff Oaks Inc strives to meet the housing needs of its community while promoting an inclusive living environment.
Official website here: www.briarcliffoaks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating
Briarcliff Oaks Inc has received a Two-Star rating from Charity Navigator, reflecting an overall score primarily based on its accountability and finance metrics. The organization demonstrates strong governance practices, with an entirely independent board and effective financial oversight, evidenced by high scores in areas like independent board composition and audit committee functions. However, the rating is tempered by several key gaps, specifically the lack of a whistleblower policy, document retention policy, and the absence of financial statements posted on its website.
While the organization excels in program expenses, indicating that a significant majority of its funds are directed towards its programs, its liabilities to assets ratio raises concerns. The reported ratio of 116.74% suggests that the organization may have financial stability issues, which could affect its long-term sustainability. Despite these concerns, the charity has a strong program expense ratio of 95.71%, signifying that it effectively utilizes its resources for its intended mission.
Overall, Briarcliff Oaks Inc showcases strengths in governance and programmatic focus, but potential donors and stakeholders should consider the highlighted limitations, especially regarding financial transparency and policies. Improving these areas could enhance the organization's credibility and long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Briarcliff Oaks Inc legitimate?
Briarcliff Oaks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Briarcliff Oaks 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: $442,643
For more financial information, click here
Official website here: www.briarcliffoaks.org
What is the mission statement of Briarcliff Oaks Inc?
Briarcliff Oaks Inc's mission is centered around providing high-quality, affordable housing and services for older adults, irrespective of their faiths or beliefs. Their primary objective is to offer housing solutions under the HUD Section 221(D)(3) and Section 8 programs, catering to low and moderate income individuals and families. The organization's mission encompasses providing not just housing, but also essential services to its residents, ensuring they can live comfortably and with dignity.
Official website here: www.briarcliffoaks.org
Who is the CEO of Briarcliff Oaks Inc?
Karen Owen is the Director of Briarcliff Oaks Inc.
Official website here: www.briarcliffoaks.org
What is the revenue of Briarcliff Oaks Inc?
Briarcliff Oaks Inc's revenue in 2023 was $2,033,753.
Official website here: www.briarcliffoaks.org
Who are the executives of Briarcliff Oaks Inc and what are their salaries?
The average compensation at Briarcliff Oaks Inc during 2023 was $34,049. There are 13 employees at Briarcliff Oaks Inc.
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- Compensation: $34,880
- Related: $93,764
- Other: $1,522
Official website here: www.briarcliffoaks.org
Where can I find the form 990 for Briarcliff Oaks Inc?
Briarcliff Oaks Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.briarcliffoaks.org
Learn more at the official website: www.briarcliffoaks.org
Mission Statement of Briarcliff Oaks Inc
Briarcliff Oaks Inc, a nonprofit organization, is dedicated to providing high-quality, affordable housing and services to older adults, regardless of their faith or beliefs. Its mission is centered around offering low-income housing through its 125-unit apartment community, which is supported by both HUD Section 221(D)(3) and HUD Section 8 programs. This housing is designed to accommodate both individuals and families who fall under the low-income bracket. By providing such housing, Briarcliff Oaks Inc seeks to contribute positively to the lives of its residents, ensuring they have a comfortable and secure living environment.
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Impact
October, 2024
Briarcliff Oaks Inc significantly enhances the quality of life for older adults in the Atlanta area by providing affordable housing and essential services. With a commitment to serving individuals and families of all faiths and beliefs, the organization operates a 125-unit apartment community under HUD programs, catering to low and moderate-income residents. This initiative ensures that elderly individuals have access to safe and quality living conditions, fostering a supportive environment. By focusing on the unique needs of older adults, Briarcliff Oaks Inc plays a crucial role in promoting dignity, independence, and well-being within the community.
This information is meant to be a general summary of Briarcliff Oaks 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 2023.
- Investment Income: $453
- Program Service Revenue: $1,955,768
- Gross Receipts: $2,033,753
Assets and Liabilities:
- Total Assets: $6,873,545
- Total Liabilities: $8,024,297
- Net Assets: -$1,150,752
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$1,946,541
OTHER INCOME
Revenue
$9,227
Organization Details
Founding Year
2008
Phone
(404) 634-3263Principal Officer
Karen Owen
Main Address
2982 BRIARCLIFF ROAD NE, ATLANTA, GA, 30329
Website
www.briarcliffoaks.orgNTEE Category
Code: L21 - Housing
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