Overview
What is New Oaks Community Inc?
New Oaks Community Inc is a nonprofit organization situated in Hamilton, Ohio, with a mission to provide a nurturing environment for abandoned or neglected children through foster care and adoption. In 2019, they made significant strides in restoring their main house and surrounding property, a phase towards constructing a foster care family community. This project was made possible by volunteers contributing their time, talent, and resources. Once the building and property projects are completed, New Oaks Community Inc will commence its full-service program. Their vision is to instill unconditional love in these children, enabling them to understand their purpose and live out their destinies, becoming fully integrated members of their community.
Official website here: www.newoakscommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
New Oaks Community Inc has achieved a Three-Star rating, indicating a moderate level of accountability and financial health. The overall score is derived entirely from its Accountability & Finance metrics, which notably reflect a strong commitment to responsible financial management. The organization boasts a solid program expense ratio of 99.79%, suggesting that nearly all of its expenses are directed towards its programs rather than administrative costs.
The organization benefits from a fully independent board, with 100% of its members meeting this criterion and a solid board size of eight independent members. Additionally, New Oaks Community Inc has demonstrated transparency by listing its website on its tax form and maintaining records of board meeting minutes. However, the charity has some deficiencies, particularly the absence of policies for conflict of interest, whistleblower protections, and document retention, which may raise concerns about its governance practices.
Overall, while New Oaks Community Inc showcases strengths in financial accountability and transparency, the missing policies could limit its effectiveness in ensuring rigorous governance standards. Addressing these gaps could enhance the organization's credibility and operational effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is New Oaks Community Inc legitimate?
New Oaks Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Oaks Community 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.
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Official website here: www.newoakscommunity.org
What is the mission statement of New Oaks Community Inc?
New Oaks Community Inc aims to establish properties where families can reside collectively, fostering a sense of unity in their mission to provide care and adoption for abandoned or neglected children. Their ultimate goal is to provide these children with a loving home where they can experience the unconditional love of God, understand their inherent purpose, and gain the freedom to realize their destiny. By nurturing seeds of unconditional love within their hearts, New Oaks Community Inc aims to transform these children into "New Oaks" - individuals who are deeply rooted in their families and become contributing members of their community.
Official website here: www.newoakscommunity.org
Who is the CEO of New Oaks Community Inc?
Timothy Macdonald is the President of New Oaks Community Inc.
Official website here: www.newoakscommunity.org
What is the revenue of New Oaks Community Inc?
New Oaks Community Inc's revenue in 2022 was $73,430.
Official website here: www.newoakscommunity.org
Who are the executives of New Oaks Community Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.newoakscommunity.org
Where can I find the form 990 for New Oaks Community Inc?
New Oaks Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newoakscommunity.org
Learn more at the official website: www.newoakscommunity.org
Mission Statement of New Oaks Community Inc
New Oaks Community, Inc., a nonprofit organization, strives to develop properties that serve as communal living spaces for families, fostering an environment of unity and love for the collective purpose of caring for children through foster care and adoption. The organization's mission is to provide abandoned or neglected children with a nurturing home, where they can experience the true love of God, understand their inherent worth, and be empowered to fulfill their destiny. By sowing seeds of unconditional love in their hearts, these children can transform into 'New Oaks' – firmly rooted in family and contributing members of the community.
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Impact
August, 2024
New Oaks Community Inc's impact is deeply rooted in providing abandoned or neglected children with a loving home where they can experience the true love of God, understand their purpose, and be set free to live out their destiny. Through their focus on foster care and adoption, they aim to plant seeds of unconditional love in the hearts of orphaned children, guiding them to become "New Oaks" solidly entrenched in family and active contributors to the community. Their primary accomplishment in 2019 was the progressive restoration of their main house and surrounding property to advance their vision of building a foster care family community. This work, made possible by volunteers and supporters, sets the stage for the organization's program services to fully begin once the buildings and property projects are completed. New Oaks Community Inc's dedication to nurturing children in need and creating supportive family environments reflects their commitment to transforming the lives of vulnerable youth and strengthening the community as a whole.
This information is meant to be a general summary of New Oaks Community 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.
- Program Service Revenue: $16,200
- Gross Receipts: $73,430
Assets and Liabilities:
- Total Assets: $915,444
- Total Liabilities: $0
- Net Assets: $915,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTAL
Revenue
$16,200
Organization Details
Founding Year
2011
Phone
(513) 658-9611Principal Officer
Timothy Macdonald
Main Address
417 S D STREET, HAMILTON, OH, 45013
Website
www.newoakscommunity.orgNTEE Category
Code: P32 - Human services
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