Overview
What is Oaks Village?
Oaks Village is a dedicated community assistance organization located at 924 E Second St, Monroe, MI 48161. As a nonprofit, its primary mission is to provide a comprehensive solution for those in need, offering a homeless shelter with over 10,000 bed spaces to accommodate approximately 220 unique individuals. Beyond the shelter, Oaks Village also extends its reach through various outreach programs, aiming to assist the community's most vulnerable members. The organization's team of 16 employees is committed to making a difference in people's lives by offering support and resources to help them get back on their feet.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
Oaks Village has received a rating of 74% from Charity Navigator, which translates to a Two-Star rating. This score reflects significant strengths in areas such as governance, with 100% of its board members being independent and a well-sized board. Additionally, their financial statements are subject to review or compilation, and they have reported no material diversion of assets, showcasing a commitment to accountability.
However, there are notable weaknesses highlighted in their evaluation. The organization lacks critical policies such as a conflict of interest policy and a whistleblower policy, both of which are essential for transparency and ethical governance. Furthermore, Oaks Village's website disclosures are missing important information, including its tax form and disclosure of policies, which may limit stakeholder access to vital financial information.
Financially, Oaks Village demonstrates a strong commitment to program expenses, with 98.15% allocated directly to their programs, indicating effective resource management. However, the liabilities to assets ratio of 66.20% raises concerns about financial stability, suggesting that the organization may be carrying a significant amount of debt. Overall, while Oaks Village has a solid governance structure and a high program expense ratio, the lack of certain policies and the debt ratio indicate areas needing improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Oaks Village legitimate?
Oaks Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oaks Village 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: $38,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $283,776
For more financial information, click here
What is the mission statement of Oaks Village?
Oaks Village serves as a community assistance organization, dedicated to helping those in need. Its mission is to operate a homeless shelter and provide outreach programs throughout the year. The organization offers over 10,000 bed spaces to accommodate approximately 220 unique individuals, offering them a place of temporary refuge. Oaks Village's activities extend beyond the shelter, reaching out to the community with assistance programs designed to uplift and support the less fortunate.
Who is the CEO of Oaks Village?
Heather Boone is the President of Oaks Village.
What is the revenue of Oaks Village?
Oaks Village's revenue in 2022 was $944,677.
Who are the executives of Oaks Village and what are their salaries?
The average compensation at Oaks Village during 2022 was $20,161. There are 16 employees and 125 volunteers at Oaks Village.
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Where can I find the form 990 for Oaks Village?
Oaks Village's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oaks Village
Oaks Village, a community assistance organization, is dedicated to making a significant impact by offering a homeless shelter and assistance outreach programs for individuals in need. The organization's mission is to serve as a refuge for over 220 unique individuals, providing them with a total of over 10,000 bed spaces throughout the year. By operating a shelter that is open all year round, Oaks Village aims to provide a safe and secure environment for those who are currently homeless. The organization's objective is to not only offer a place to sleep but also to extend a helping hand through various outreach programs. By doing so, Oaks Village seeks to empower and assist those in need, working towards a more equitable and supportive community.
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Impact
July, 2024
Oaks Village's impact can be seen in its provision of a homeless shelter and assistance outreach programs for those in need in Monroe, MI. Through their efforts, they have provided over 10,000 bed stays for 220 unique individuals, offering a crucial lifeline for those experiencing homelessness in the community. Their mission to operate as a community assistance organization underscores their commitment to addressing the needs of the most vulnerable members of society and making a tangible difference in the lives of those in need.
This information is meant to be a general summary of Oaks Village. 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.
- Gross Receipts: $1,250,087
Assets and Liabilities:
- Total Assets: $708,335
- Total Liabilities: $468,932
- Net Assets: $239,403
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Organization Details
Founding Year
2015
Phone
(734) 244-5444Principal Officer
Heather Boone
Main Address
924 E Second St, Monroe, MI, 48161
NTEE Category
Code: P20 - Human services
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