Overview
What is Golden Oak Manor Inc?
Golden Oak Manor Inc is a nonprofit organization based in San Rafael, California, with a single employee. Its primary mission is to carry out the charitable functions and purposes of EAH Inc., a related California public benefit corporation. This involves providing affordable housing for low-income elderly individuals. Golden Oak Manor Inc serves as a general partner or limited partner for a partnership that offers 83 units of low-income housing in San Jose, California. Additionally, the organization owns five limited liability companies and one C corporation, which serve as the general partners in five limited partnerships providing 306 units of low-income housing in various cities across California, such as Turlock, Modesto, Oakland, and Oakley.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
Golden Oak Manor Inc has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a zero percent independent board membership, which raises questions about governance and oversight. While it performs well in some financial metrics, such as a 100% program expense ratio, the overall lack of independent governance and missing policies severely impact its score.
Strengths include a well-managed program expense ratio, ensuring that all funds are directed toward its programs. However, the absence of critical governance policies, such as conflict of interest and whistleblower policies, alongside a high liabilities to assets ratio of 92.38%, suggests that the organization may be operating with financial instability or mismanagement.
Overall, while Golden Oak Manor Inc demonstrates a commitment to its programs, the significant gaps in governance and financial oversight present serious concerns for potential donors and stakeholders. The organization may need to address these issues to improve transparency and restore trust within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Oak Manor Inc legitimate?
Golden Oak Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Oak Manor 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: $57,577
For more financial information, click here
What is the mission statement of Golden Oak Manor Inc?
Golden Oak Manor Inc's mission is aligned with that of its related California public benefit corporation, EAH Inc. The primary objective of Golden Oak Manor Inc is to carry out charitable functions and pursue charitable purposes, contributing to the betterment of society. Specifically, the corporation serves as a partner in a partnership that offers 83 units of low-income housing for elderly individuals with limited income, located in San Jose, California. Furthermore, Golden Oak Manor Inc owns several limited liability companies and a C corporation, which act as the general partner in limited partnerships providing an additional 306 units of low-income housing in various cities across California, including Turlock, Modesto, Oakland, and Oakley.
Who is the CEO of Golden Oak Manor Inc?
Welton Jordan is the President of Golden Oak Manor Inc.
What is the revenue of Golden Oak Manor Inc?
Golden Oak Manor Inc's revenue in 2022 was $2,387,857.
Who are the executives of Golden Oak Manor Inc and what are their salaries?
The average compensation at Golden Oak Manor Inc during 2022 was $57,577. There is 1 employee at Golden Oak Manor Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $591,118
- Other: $41,676
- Compensation: $0
- Related: $418,349
- Other: $27,052
- Compensation: $0
- Related: $372,185
- Other: $39,392
- Compensation: $57,603
- Related: $166,878
- Other: $25,430
- Compensation: $0
- Related: $84,926
- Other: $15,295
Where can I find the form 990 for Golden Oak Manor Inc?
Golden Oak Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Golden Oak Manor Inc
Golden Oak Manor Inc, as a charitable organization, is dedicated to carrying out the charitable purposes and functions of EAH Inc., a related California public benefit corporation. In essence, its mission is to contribute to this charitable endeavor and make a positive impact in society.
Golden Oak Manor Inc achieves this mission by serving as a general partner or limited partner for a partnership that provides low-income housing for elderly individuals with limited income. This housing is specifically designed for the elderly, offering them a safe and secure living environment. The corporation's reach extends beyond San Jose, as it also owns five limited liability companies and one C corporation, acting as the general partner for five limited partnerships. These collaborations provide an additional 306 units of low-income housing in various locations, such as Turlock, Modesto, Oakland, and Oakley, in California. By providing this essential housing, Golden Oak Manor Inc contributes to the well-being and security of vulnerable elderly individuals, allowing them to live with dignity and independence.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Golden Oak Manor Inc's impact lies in providing essential housing services to low-income elderly individuals in California. By serving as a general partner and/or limited partner for partnerships that offer a total of 83 units in San Jose, as well as owning entities that manage 306 units across different cities in the state, this organization directly contributes to addressing the critical need for affordable housing. Through its work, Golden Oak Manor Inc plays a vital role in supporting the well-being and stability of vulnerable elderly populations, ensuring they have a safe and comfortable place to call home.
This information is meant to be a general summary of Golden Oak Manor 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: $150
- Program Service Revenue: $2,213,476
- Gross Receipts: $2,387,857
Assets and Liabilities:
- Total Assets: $6,504,250
- Total Liabilities: $6,086,010
- Net Assets: $418,240
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLOCABLE SHARE PS RENTS
Revenue
$1,964,020
ASSET MGMT FEES
Revenue
$33,631
INCENTIVE MGMT FEES
Revenue
$98,220
PARTNERSHIP MGMT FEES
Revenue
$117,605
Organization Details
Founding Year
1995
Phone
(415) 258-1800Principal Officer
Welton Jordan
Main Address
22 Pelican Way, San Rafael, CA, 94901
NTEE Category
Code: B90 - Education
If you are a representative of Golden Oak Manor Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.