Overview
What is Great Oaks Newark Property Corporation?
Great Oaks Newark Property Corporation is a nonprofit entity situated in New York City, with an exact address at 180 Varick Street Suite 1414. Its primary objective is to aid not-for-profit charter school operators in the financial, rehabilitation, and development of a charter facility. By holding title to property, they facilitate the transformation of these properties into operational charter schools.
Is Great Oaks Newark Property Corporation legitimate?
Great Oaks Newark Property Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Oaks Newark Property 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Great Oaks Newark Property Corporation?
Great Oaks Newark Property Corporation's mission is to aid not-for-profit charter school operators in the financing, renovation, and establishment of charter facilities. The corporation achieves this by holding title to the property, which is then developed into a charter school. By doing so, the corporation plays a crucial role in expanding educational opportunities for students in need of quality charter schools. The corporation's objective is to support not-for-profit charter schools in their mission to provide high-quality education, regardless of financial constraints. Great Oaks Newark Property Corporation's mission is a testament to its commitment to the growth and development of charter schools, thereby contributing to the overall betterment of education in the community.
Who is the CEO of Great Oaks Newark Property Corporation?
David Umansky is the President of Great Oaks Newark Property Corporation.
What is the revenue of Great Oaks Newark Property Corporation?
Great Oaks Newark Property Corporation's revenue in 2023 was $387,231.
Who are the executives of Great Oaks Newark Property Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Great Oaks Newark Property Corporation?
Great Oaks Newark Property Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Great Oaks Newark Property Corporation
Great Oaks Newark Property Corporation is an organization dedicated to aiding not-for-profit charter school operators. Its mission is focused on supporting these operators in various aspects of financing, rehabilitation, and development of charter facilities. By holding title to property, the corporation facilitates the transformation of these properties into functional charter schools. This mission is instrumental in ensuring that not-for-profit charter schools have the necessary facilities to operate effectively, thereby contributing to education in the community.
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Impact
October, 2024
Great Oaks Newark Property Corporation plays a crucial role in enhancing educational opportunities by facilitating the development of charter schools. By focusing on the financing, rehabilitation, and development of charter facilities, the organization provides essential support to not-for-profit charter school operators.
Operating in New York, the corporation holds title to properties that are specifically designed to be transformed into charter schools, thereby ensuring that educational resources are accessible to communities in need. This strategic approach not only bolsters the infrastructure required for quality education but also contributes to the overall growth and sustainability of charter schools, fostering environments where students can thrive.
The impact of Great Oaks Newark Property Corporation extends beyond just education; it also addresses broader community needs by creating inviting spaces for learning, which can contribute to neighborhood revitalization and housing stability. By aligning property development with educational goals, the corporation plays a vital role in shaping positive outcomes for students and their communities.
This information is meant to be a general summary of Great Oaks Newark Property 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 2023.
- Investment Income: -$2,421,087
- Program Service Revenue: $104,738
- Gross Receipts: $8,092,892
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$104,738
Organization Details
Founding Year
2015
Phone
(212) 571-7260Principal Officer
David Umansky
Main Address
180 VARICK STREET SUITE 1414, NEW YORK, NY, 10014
NTEE Category
Code: L99 - Housing
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