Overview
What is Odd Fellows South Oak Building Corporation?
Odd Fellows South Oak Building Corporation is a not-for-profit organization established in 1977 under Nebraska's not-for-profit statutes. The primary purpose of this corporation is to construct, own, and operate an 82-unit community named South Oak Manor, situated in North Platte, Nebraska. The corporation signed a regulatory agreement in 2009 with the HUD, which includes restrictions on property transfers, management, and additional debt. The community is obligated to maintain its units as affordable housing for low-income elderly individuals. South Oak Manor receives Housing Assistance Payments for all its units, and resident eligibility must be recertified annually. The organization employs a total of 5 individuals.
Is Odd Fellows South Oak Building Corporation legitimate?
Odd Fellows South Oak Building Corporation is a legitimate nonprofit organization registered as a 501(c)(8) entity. Odd Fellows South Oak Building Corporation 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
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What is the mission statement of Odd Fellows South Oak Building Corporation?
The Odd Fellows South Oak Building Corporation, established in 1977, is a not-for-profit organization with a mission to construct, own, and operate an 82-unit community, known as South Oak Manor. The primary objective is to ensure that these units remain affordable for low-income elderly individuals. The corporation adheres to a regulatory agreement with HUD, which includes restrictions on property transfers, management rights, and additional indebtedness. The community receives housing assistance payments for all its units under a contract with HUD and is obligated to recertify resident eligibility annually. In essence, the corporation's mission is dedicated to providing affordable housing for the elderly, as mandated by its regulatory agreement with HUD.
Who is the CEO of Odd Fellows South Oak Building Corporation?
Lori Vinton is the President of Odd Fellows South Oak Building Corporation.
What is the revenue of Odd Fellows South Oak Building Corporation?
Odd Fellows South Oak Building Corporation's revenue in 2022 was $586,686.
Who are the executives of Odd Fellows South Oak Building Corporation and what are their salaries?
There are 5 employees and 5 volunteers at Odd Fellows South Oak Building Corporation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Odd Fellows South Oak Building Corporation?
Odd Fellows South Oak Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Odd Fellows South Oak Building Corporation
Odd Fellows South Oak Building Corporation, established in 1977 under Nebraska's not-for-profit statutes, was formed with a mission to construct, own, and operate an 82-unit community known as South Oak Manor. This organization is dedicated to providing affordable housing for low-income elderly individuals. To uphold this mission, the corporation entered into a regulatory agreement with HUD in 2009, which includes restrictions on transferring the community's property, assigning management rights, or assuming additional debt. In adherence to this agreement, the community is required to maintain all its units as affordable housing for the elderly. Odd Fellows South Oak Building Corporation receives housing assistance payments for all 82 units through a contract with HUD and is obligated to recertify resident eligibility annually.
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Impact
October, 2024
The Odd Fellows South Oak Building Corporation significantly impacts the North Platte community by providing affordable housing specifically designed for low-income elderly individuals. By operating South Oak Manor, an 82-unit community, the organization ensures that this vulnerable population has access to safe and stable living conditions, fostering a supportive environment tailored to their needs.
Additionally, through its regulatory agreement with HUD, the corporation is committed to maintaining the affordability of all housing units. This commitment is critical in an era where affordable housing is increasingly scarce and often out of reach for many seniors. The requirement to recertify resident eligibility annually ensures continued support for those who genuinely need it, reinforcing the community’s commitment to social responsibility.
By focusing on this demographic, the Odd Fellows South Oak Building Corporation not only addresses an urgent need for affordable housing but also contributes to the overall well-being and dignity of elderly residents in the area. Through its work, the organization helps create a more inclusive and compassionate community, highlighting the importance of mutual support and care for its members.
This information is meant to be a general summary of Odd Fellows South Oak Building Corporation. 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: $394
- Program Service Revenue: $285,274
- Gross Receipts: $586,686
Assets and Liabilities:
- Total Assets: $1,273,723
- Total Liabilities: $2,863,498
- Net Assets: -$1,589,775
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$285,274
Organization Details
Founding Year
1977
Phone
(402) 333-7373Principal Officer
Lori Vinton
Main Address
2840 S 123RD COURT, OMAHA, NE, 68144
NTEE Category
Code: Y40 - Mutual benefit
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