Overview
What is Oak Park Plaza Inc Oak Park Plaza?
Oak Park Plaza Inc, located at 1660 Duke Street, Alexandria, VA 22314, is a nonprofit organization that specializes in providing housing solutions. Under the agreement with the Department of HUD, they offer accommodations for elderly and disabled individuals as well as families, adhering to Section 202 of the National Housing Act. Their primary mission is to ensure suitable living spaces for this specific demographic, contributing to their overall well-being and comfort.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Oak Park Plaza Inc has earned a three-star rating from Charity Navigator, indicating a solid level of accountability and finance management. The score is primarily based on its accountability and finance metrics, where the organization achieved a strong score of 79%. This rating reflects effective governance and operational transparency, which are crucial for donor trust and engagement.
The organization demonstrates a commendable commitment to accountability with 86% of its board members being independent, contributing to a well-rounded governance structure. Additionally, its financial oversight is robust, as evidenced by a perfect score for its audit and oversight committee, with no material diversion of assets reported. The presence of listed policies for conflict of interest, whistleblowing, and document retention further enhances its governance framework.
On the operational side, Oak Park Plaza Inc is highly efficient, with a program expense ratio of 91.49%, indicating that a significant portion of its expenditures goes directly towards its programs. While the overall score reflects strong financial health, the limited diversity of metrics in the evaluation may warrant consideration for potential growth in other areas beyond finance.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Park Plaza Inc Oak Park Plaza legitimate?
Oak Park Plaza Inc Oak Park Plaza is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Park Plaza Inc Oak Park Plaza 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: $194,658
For more financial information, click here
What is the mission statement of Oak Park Plaza Inc Oak Park Plaza?
Oak Park Plaza Inc, as per its mission, offers housing solutions for the elderly and disabled individuals and their families, adhering to Section 202 of the National Housing Act. This is carried out under an agreement with the Department of HUD. The organization's primary goal is to provide a safe and supportive living environment that caters to the unique needs of this specific population. They strive to enhance the quality of life for these individuals, ensuring they have access to necessary facilities and resources. Furthermore, Oak Park Plaza Inc is committed to advocating for and promoting policies that prioritize affordable and accessible housing options for the elderly and disabled community.
Who is the CEO of Oak Park Plaza Inc Oak Park Plaza?
Peter Desjardins is the President of Oak Park Plaza Inc Oak Park Plaza.
What is the revenue of Oak Park Plaza Inc Oak Park Plaza?
Oak Park Plaza Inc Oak Park Plaza's revenue in 2023 was $1,276,384.
Who are the executives of Oak Park Plaza Inc Oak Park Plaza and what are their salaries?
Here are 23 key members and their salaries:
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- Related: $596,644
- Other: $175,327
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- Other: $152,258
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- Related: $319,790
- Other: $98,843
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- Related: $314,949
- Other: $65,001
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- Related: $185,410
- Other: $94,730
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- Related: $240,852
- Other: $38,707
- Compensation: $0
- Related: $239,275
- Other: $38,298
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- Related: $161,240
- Other: $16,968
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- Related: $147,670
- Other: $20,890
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Where can I find the form 990 for Oak Park Plaza Inc Oak Park Plaza?
Oak Park Plaza Inc Oak Park Plaza's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oak Park Plaza Inc Oak Park Plaza
Oak Park Plaza Inc, as a nonprofit organization, is dedicated to providing housing for the elderly and disabled persons and families. It accomplishes this mission under Section 202 of the National Housing Act, operating under an agreement with the Department of HUD. This mission is crucial in providing a safe and supportive living environment for individuals who may face challenges in securing adequate housing on their own. By offering housing solutions, Oak Park Plaza Inc contributes to the well-being and independence of its residents, enabling them to live comfortably and with dignity.
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Impact
July, 2024
Oak Park Plaza Inc Oak Park Plaza's impact is significant in the community improvement sector as it provides housing for the elderly and disabled persons and families under Section 202 of the National Housing Act in agreement with the Department of HUD. By offering housing services to those in need, Oak Park Plaza Inc Oak Park Plaza plays a vital role in ensuring the well-being and stability of vulnerable populations. Their mission to provide housing for the elderly and disabled contributes to creating a supportive and inclusive environment for these individuals, ultimately enhancing their quality of life.
This information is meant to be a general summary of Oak Park Plaza Inc Oak Park Plaza. 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: $2,688
- Program Service Revenue: $1,273,696
- Gross Receipts: $1,276,384
Assets and Liabilities:
- Total Assets: $3,246,061
- Total Liabilities: $5,027,779
- Net Assets: -$1,781,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF ELDERLY HOUSING
Revenue
$1,196,761
ELDERLY SERVICE REVENUE
Revenue
$76,935
Organization Details
Founding Year
1979
Phone
(703) 341-5000Principal Officer
Peter Desjardins
Main Address
1660 DUKE STREET, ALEXANDRIA, VA, 22314
NTEE Category
Code: S80 - Community improvement
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