Overview
What is Shelby Oaks Housing Inc?
Shelby Oaks Housing Inc is a nonprofit organization with a primary mission to offer housing solutions for individuals struggling with mental illness. The organization's main objective is to provide a secure living environment for these individuals, ensuring their well-being and overall improvement. While specific details about the organization's reach, size, or additional programs are not provided in the information, it is clear that Shelby Oaks Housing Inc is dedicated to making a positive impact in the lives of those with mental health challenges by offering them a hospitable and supportive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Shelby Oaks Housing Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The charity's overall score is based entirely on its Accountability & Finance metrics, where it achieved a score of 79%. This suggests a reliable stewardship of resources, reflecting positively on its operational practices.
The organization boasts an independent board with 100% of its members being independent, which is a significant strength in ensuring unbiased governance. Additionally, Shelby Oaks demonstrates strong policies in place, including a conflict of interest policy, whistleblower policy, and document retention guidelines, all of which score well in terms of compliance. Program expenses are also favorable, with 78.52% of funds directed towards their programs.
However, while the financial practices are commendable, the rating does indicate that improvements could be made in other areas to enhance its overall effectiveness and transparency. The salaries of key personnel, particularly the executive director's salary, may raise questions among some donors regarding compensation practices in relation to the charity’s mission. Overall, Shelby Oaks Housing Inc appears to be a responsibly managed organization with a focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Shelby Oaks Housing Inc legitimate?
Shelby Oaks Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shelby Oaks Housing 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: $45,570
For more financial information, click here
What is the mission statement of Shelby Oaks Housing Inc?
Shelby Oaks Housing Inc is dedicated to providing housing for individuals struggling with mental illness. Their mission is to offer a safe and supportive living environment that caters to the unique needs of these individuals. By providing housing, they aim to enhance the quality of life for these individuals, enabling them to focus on their recovery and well-being. The organization's activities are centered around creating an inclusive and welcoming community where mental health patients can thrive. Their goal is to promote independence and empowerment, enabling these individuals to lead fulfilling lives. While the specifics of their support services are not provided, it can be inferred that they offer resources and assistance to facilitate the smooth transition into their housing and ensure their ongoing well-being.
Who is the CEO of Shelby Oaks Housing Inc?
Laurie Powell is the President of Shelby Oaks Housing Inc.
What is the revenue of Shelby Oaks Housing Inc?
Shelby Oaks Housing Inc's revenue in 2022 was $610,310.
Who are the executives of Shelby Oaks Housing Inc and what are their salaries?
The average compensation at Shelby Oaks Housing Inc during 2022 was $9,114. There are 5 employees at Shelby Oaks Housing Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Shelby Oaks Housing Inc?
Shelby Oaks Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shelby Oaks Housing Inc
Shelby Oaks Housing Inc is dedicated to providing housing for individuals living with mental illness. Their mission is centered around offering a safe and supportive living environment for these individuals, allowing them to maintain their dignity and independence while receiving necessary care. By offering housing, Shelby Oaks Housing Inc aims to help these individuals lead more stable and fulfilling lives, ultimately contributing to their overall well-being and mental health recovery. The organization's work is essential in addressing the housing needs of mentally ill patients, ensuring they have access to the necessary support and resources to manage their conditions effectively.
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Impact
July, 2024
Shelby Oaks Housing Inc provides housing for mentally ill patients in Memphis, Tennessee. Their impact can be seen in the improvement of the quality of life for individuals with mental illness by providing them with a stable and supportive living environment. This housing initiative plays a crucial role in promoting mental health and well-being in the community by ensuring access to safe and affordable housing for those in need.
This information is meant to be a general summary of Shelby Oaks Housing 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: $50,746
- Gross Receipts: $610,310
Assets and Liabilities:
- Total Assets: $736,621
- Total Liabilities: $1,809,883
- Net Assets: -$1,073,262
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$50,746
Organization Details
Founding Year
1981
Phone
(901) 369-1420Principal Officer
Laurie Powell
Main Address
2220 UNION AVENUE, MEMPHIS, TN, 38104
NTEE Category
Code: L20 - Housing
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