Overview
What is Oak View Apartments Inc?
Oak View Apartments Inc is a nonprofit organization in New Ulm, Minnesota, dedicated to providing affordable housing for senior citizens. The building, which houses 16 units, is funded by the U.S. Department of Housing and Urban Development's Section 202 program. Residents must be 62 years or older and have an income below 50% of the county median. Since opening in 2003, Oak View Apartments has maintained nearly 100% occupancy. The organization's mission is to enrich and support the lives of its elderly residents with expertise, compassion, respect, and competence, offering housing facilities and services tailored to meet their physical, social, and psychological needs. It aims to promote their health, security, happiness, and overall well-being, allowing them to live fulfilling lives for an extended period.
Official website here: www.oakhillsnewulm.com
Is Oak View Apartments Inc legitimate?
Oak View Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak View 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: $43,495
For more financial information, click here
Official website here: www.oakhillsnewulm.com
What is the mission statement of Oak View Apartments Inc?
Oak View Apartments Inc's mission is centered around enriching and supporting the lives of its elderly residents with a dedication to excellence, compassion, respect, and competence. The organization provides affordable housing for individuals over 62 years old, whose income falls below 50% of the county median. Oak View Apartments, a HUD Section 202 senior housing building, has been almost completely occupied since its opening in 2003. The organization's activities aim to provide elderly residents with housing facilities and services tailored to meet their physical, social, and psychological needs, promoting their health, security, happiness, and usefulness in longer living. Oak Hills Living Center, under contract with Brown County, offers services to residents through the Elderly Waiver or Alternative Grant Programs.
Official website here: www.oakhillsnewulm.com
What is the revenue of Oak View Apartments Inc?
Oak View Apartments Inc's revenue in 2023 was $112,136.
Official website here: www.oakhillsnewulm.com
Who are the executives of Oak View Apartments Inc and what are their salaries?
There 10 volunteers at Oak View Apartments Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $86,354
- Other: $7,300
- Compensation: $0
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- 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: $126,505
- Other: $25,141
Official website here: www.oakhillsnewulm.com
Where can I find the form 990 for Oak View Apartments Inc?
Oak View Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oakhillsnewulm.com
Learn more at the official website: www.oakhillsnewulm.com
Mission Statement of Oak View Apartments Inc
Oak View Apartments Inc, a non-profit organization, is dedicated to enriching and supporting the lives of the elderly with excellence, compassion, respect, and competence. Their mission is centered around providing housing facilities and services specifically designed to cater to the physical, social, and psychological needs of senior citizens. By doing so, they aim to promote their health, security, happiness, and usefulness in longer living. The organization, which began admitting residents in November 2003, has been nearly 100% occupied since its inception. Oak View Apartments Inc operates under the HUD Section 202 Senior Housing program, requiring residents to be 62 years or older with an income below 50% of the county median. The organization also has a contract with the local government to provide services through the Elderly Waiver or Alternative Grant programs.
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Impact
October, 2024
Oak View Apartments Inc plays a vital role in the community by providing affordable housing specifically designed for elderly individuals. Catering to residents aged 62 and older with incomes below 50% of the county median, the organization ensures that seniors have access to safe and stable living conditions.
Since its opening on November 1, 2003, Oak View Apartments has maintained nearly 100% occupancy, reflecting the high demand for such housing. This stability highlights its significance in addressing the needs of the elderly population in New Ulm, MN.
Beyond providing housing, Oak View Apartments focuses on the physical, social, and psychological well-being of its residents. Collaborating with local resources such as Brown County, the organization offers services through the Elderly Waiver and alternative grant programs, further supporting the health and happiness of its residents. This comprehensive approach not only enriches the lives of seniors but also promotes a sense of community and belonging, essential for enhancing their quality of life.
This information is meant to be a general summary of Oak View 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: $41
- Program Service Revenue: $112,095
- Gross Receipts: $112,136
Assets and Liabilities:
- Total Assets: $963,157
- Total Liabilities: $62,733
- Net Assets: $900,424
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT REVENUE
Revenue
$112,095
Organization Details
Founding Year
2001
Principal Officer
Candas Schouvieller
Website
www.oakhillsnewulm.comNTEE Category
Code: L22 - Housing
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