Overview
What is Presbyterian Oaks Ii Inc?
Presbyterian Oaks II is a nonprofit organization, located in Talladega, Alabama, dedicated to providing affordable housing solutions for the elderly. This is in adherence to Section 202 of the National Housing Act, which it follows under the regulation and amendments by the HUD. The community's mission is to offer a comfortable living space for individuals with limited income, thereby contributing to their well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Presbyterian Oaks II Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The charity scored 58%, with particular strength noted in areas such as having a majority independent board and a solid program expense ratio of 88.18%. These elements suggest a commitment to directing funds toward its mission effectively.
However, the organization faces critical issues that affect its overall rating. It scored poorly on several governance metrics, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, each receiving a score of zero. Additionally, the charity's liabilities to assets ratio is concerning at 167.10%, which may indicate financial instability.
Overall, while Presbyterian Oaks II Inc demonstrates certain strengths in governance structure and program expenses, the lack of essential policies and high liabilities raises red flags for potential donors and stakeholders. Improved transparency and financial management practices are recommended for the organization to enhance its accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Oaks Ii Inc legitimate?
Presbyterian Oaks Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Oaks Ii 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Presbyterian Oaks Ii Inc?
Presbyterian Oaks II, as an organization, is committed to providing low-income housing solutions for the elderly. This mission is fulfilled under Section 202 of the National Housing Act, which is regulated and amended by the Department of Housing and Urban Development (HUD). By offering affordable housing, Presbyterian Oaks II aims to contribute to the well-being and living standards of elderly individuals in need. The community established by Presbyterian Oaks II is situated in Talladega, AL, but the focus remains on the provision of affordable housing solutions across the elderly population.
Who is the CEO of Presbyterian Oaks Ii Inc?
Dr Jimmy Davis is the President of Presbyterian Oaks Ii Inc.
What is the revenue of Presbyterian Oaks Ii Inc?
Presbyterian Oaks Ii Inc's revenue in 2023 was $207,384.
Who are the executives of Presbyterian Oaks Ii Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Presbyterian Oaks Ii Inc?
Presbyterian Oaks Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Presbyterian Oaks Ii Inc
Presbyterian Oaks II, a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly. Under the provisions of Section 202 of the National Housing Act, as regulated and amended by HUD, this community-focused organization offers a safe and affordable living environment. While specific details about the location of Presbyterian Oaks II are not provided, it is situated in Talladega, AL, providing a home for elderly individuals in need. The organization's mission is to ensure that elderly individuals have access to affordable housing, enabling them to maintain their independence and dignity while living in a secure environment.
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Impact
October, 2024
Presbyterian Oaks II Inc plays a crucial role in addressing the housing needs of low-income elderly individuals in Talladega, Alabama. By offering affordable housing solutions under the Section 202 of the National Housing Act, it provides a safe and supportive living environment for seniors. This initiative not only enhances their quality of life but also fosters a sense of community among residents. The focus on low-income housing helps alleviate the financial burden faced by many elderly citizens, ensuring they have access to stable and comfortable living conditions. Through its commitment to affordable housing, Presbyterian Oaks II is making a significant impact on the well-being and independence of the elderly population in the region.
This information is meant to be a general summary of Presbyterian Oaks Ii 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: $174
- Program Service Revenue: $207,210
- Gross Receipts: $207,384
Assets and Liabilities:
- Total Assets: $1,217,158
- Total Liabilities: $1,986,813
- Net Assets: -$769,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$68,012
LAUNDRY & VENDING
Revenue
$1,024
TENANT CHARGES
Revenue
$741
Organization Details
Founding Year
2004
Phone
(205) 933-1020Principal Officer
Dr Jimmy Davis
Main Address
408 S 5TH STREET, TALLADEGA, AL, 35160
NTEE Category
Code: L22 - Housing
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