Overview
What is Oxford Homes For Elderly Inc?
Oxford Homes For Elderly Inc, located in Morristown, Tennessee, is a nonprofit organization dedicated to providing affordable housing for low-income elderly and handicapped individuals. Regulated by the U.S. Department of Housing and Urban Development (HUD), they manage a complex with 12 rental units under Section 202 of the National Housing Act. Their mission is to ensure that elderly and handicapped tenants have access to suitable living quarters, ensuring their well-being and independence. This organization, known as Lincoln Park Annex Apartments, plays a significant role in addressing housing needs for a vulnerable population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Oxford Homes For Elderly Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates strengths in certain areas, there are notable weaknesses that impact its overall score. The charity excels in governance, with a fully independent board and robust policies regarding conflict of interest and document retention, scoring full points in these categories.
However, the organization faces significant challenges in terms of financial transparency and liability management. The liabilities to assets ratio is concerning at 155.56%, which suggests potential financial instability. Additionally, the nonprofit has not disclosed its tax forms on its website and is missing a whistleblower policy, both of which contribute to its lower overall assessment.
Despite these limitations, Oxford Homes For Elderly Inc maintains a strong program expense ratio of 80.58%, indicating that a substantial portion of its expenditures is directed towards its mission-related activities. This suggests a commitment to serving its community, although the transparency and accountability issues highlighted must be addressed for the organization to improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Oxford Homes For Elderly Inc legitimate?
Oxford Homes For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oxford Homes For Elderly 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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What is the mission statement of Oxford Homes For Elderly Inc?
Oxford Homes For Elderly Inc's mission is centered around providing housing for individuals who are elderly or handicapped and fall under a low-income bracket. This mission is carried out under Section 202 of the National Housing Act. The organization's primary goal is to offer suitable living arrangements for this specific demographic, ensuring they have access to safe and affordable housing. The housing complex, regulated by the Department of Housing and Urban Development (HUD), includes 12 rental units, with considerations given to the rental charges and operating methods to ensure affordability.
Who is the CEO of Oxford Homes For Elderly Inc?
Kay Hale is the President of Oxford Homes For Elderly Inc.
What is the revenue of Oxford Homes For Elderly Inc?
Oxford Homes For Elderly Inc's revenue in 2022 was $75,212.
Who are the executives of Oxford Homes For Elderly Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Oxford Homes For Elderly Inc?
Oxford Homes For Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oxford Homes For Elderly Inc
Oxford Homes for Elderly Inc is committed to providing housing for individuals who fall under the categories of low-income elderly and disabled tenants. This commitment is in line with Section 202 of the National Housing Act. The organization's mission is to offer a living space that caters to the needs of this specific demographic, striving to ensure a comfortable and secure environment for its residents. The housing provided by Oxford Homes for Elderly Inc is regulated by the HUD, overseeing the rental charges and operating methods to ensure fairness and affordability for the tenants. The complex houses 12 rental units, offering a residential solution tailored to the needs of its elderly and handicapped residents.
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Impact
August, 2024
Oxford Homes For Elderly Inc's impact can be seen in the crucial role it plays in providing affordable housing for low-income elderly and handicapped tenants in Morristown, TN. By offering 12 rental units in its complex, Oxford Homes is directly addressing the pressing need for accessible and affordable housing for vulnerable populations. Through its implementation of Section 202 of the National Housing Act and adherence to HUD regulations, Oxford Homes ensures that its tenants have a safe and stable living environment. Overall, the organization's commitment to its mission of providing housing for those in need demonstrates its significant impact on the community and the lives of its residents.
This information is meant to be a general summary of Oxford Homes For Elderly 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.
- Investment Income: $6
- Program Service Revenue: $41,039
- Gross Receipts: $75,212
Assets and Liabilities:
- Total Assets: $449,403
- Total Liabilities: $683,464
- Net Assets: -$234,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$40,657
TENANT CHARGES
Revenue
$382
Organization Details
Founding Year
2000
Phone
(423) 586-1494Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 37816
NTEE Category
Code: L20 - Housing
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