Overview
What is Oaklawn Apartments Inc?
Oaklawn Apartments Inc, a not-for-profit organization based in Indiana, was established with the purpose of constructing, owning, and managing affordable housing complexes in Elkhart, Indiana, specifically Oaklawn Apartments I and II. The organization operates under Section 202 of the National Affordable Housing Act and has agreements with the Federal Housing Administration (FHA) and HUD, ensuring its operations and rent assistance programs adhere to federal guidelines. The Housing Assistance Payment Contract (HAP) is a key aspect of Oaklawn Apartments Inc, providing financial aid to low-income families and individuals. This program falls under the Section 8 program of the National Housing Act, offering essential housing support in the community.
Is Oaklawn Apartments Inc legitimate?
Oaklawn Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oaklawn Apartments 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: $0
For more financial information, click here
What is the mission statement of Oaklawn Apartments Inc?
Oaklawn Apartments Inc, a not-for-profit organization, was established with the purpose of constructing, owning, and operating apartment communities. This mission was carried out in compliance with Section 202 of the National Affordable Housing Act. The organization entered into regulatory agreements with the Federal Housing Administration (FHA) and a Housing Assistance Payment (HAP) contract with the HUD, both of which are part of the Section 8 program of the National Housing Act. The HAP contract serves as a rent assistance program for low-income families or individuals. Oaklawn Apartments Inc's primary focus is on providing affordable housing solutions, ensuring that financially disadvantaged individuals have access to suitable living environments.
Who is the CEO of Oaklawn Apartments Inc?
Laurie N Nafziger is the President & Ceo of Oaklawn Apartments Inc. The CEO's salary of Oaklawn Apartments Inc is $0 and their total compensation is $333,440.
What is the revenue of Oaklawn Apartments Inc?
Oaklawn Apartments Inc's revenue in 2023 was $285,411.
Who are the executives of Oaklawn Apartments Inc and what are their salaries?
There 16 volunteers at Oaklawn Apartments Inc.
Here are 23 key members and their salaries (Oaklawn Apartments Inc's CEO's salary is $0 and their total compensation is $333,440):
- Compensation: $0
- Related: $285,709
- Other: $47,731
- Compensation: $0
- Related: $139,412
- Other: $33,033
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $328,011
- Other: $64,895
- Compensation: $0
- Related: $284,248
- Other: $58,918
- Compensation: $0
- Related: $254,632
- Other: $51,386
- Compensation: $0
- Related: $248,354
- Other: $48,198
- Compensation: $0
- Related: $240,559
- Other: $40,223
Where can I find the form 990 for Oaklawn Apartments Inc?
Oaklawn Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oaklawn Apartments Inc
Oaklawn Apartments Inc, a not-for-profit organization, was established with the mission to construct, own, and operate affordable apartment communities. This mission was carried out in Elkhart, Indiana, specifically for Oaklawn Apartments I and II. The organization was founded in accordance with Section 202 of the National Affordable Housing Act. Oaklawn Apartments Inc has adhered to standard regulatory agreements with the HUD, ensuring compliance with the Federal Housing Administration (FHA). Furthermore, the corporation has entered into a Housing Assistance Payment (HAP) contract with HUD. This contract serves as a rent assistance program for low-income families or individuals, backed by the Section 8 program of the National Housing Act. In essence, Oaklawn Apartments Inc is dedicated to providing affordable housing options for those in need, ensuring the availability of safe and comfortable living spaces.
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Impact
October, 2024
Oaklawn Apartments Inc plays a pivotal role in addressing the housing needs in Elkhart, Indiana, through the construction, ownership, and operation of affordable apartment communities, specifically Oaklawn Apartments I and II. By adhering to the guidelines established under the National Affordable Housing Act, Oaklawn Apartments provides essential housing options for low-income families and individuals who might otherwise struggle to find stable and affordable living situations.
Through its partnership with the U.S. Department of Housing and Urban Development (HUD), Oaklawn Apartments ensures that its communities are well-regulated and meet the housing standards necessary for the welfare of its residents. The Housing Assistance Payment (HAP) contract aligns with the Section 8 program, offering critical rent assistance that allows residents to manage their rental expenses effectively.
Overall, Oaklawn Apartments Inc significantly contributes to the enhancement of community living standards by fostering a stable environment where low-income families can thrive. Its impact is evident not only in the provision of housing but also in the broader socioeconomic stability it promotes within the Elkhart area.
This information is meant to be a general summary of Oaklawn Apartments 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: $735
- Program Service Revenue: $134,324
- Gross Receipts: $285,411
Assets and Liabilities:
- Total Assets: $552,407
- Total Liabilities: $735,829
- Net Assets: -$183,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$134,324
Organization Details
Founding Year
1981
Phone
(574) 234-9923Principal Officer
Laurie N Nafziger
Main Address
PO BOX 809, GOSHEN, IN, 465270809
NTEE Category
Code: L21Z - Housing
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