Overview
What is Creek Forest Apartments Inc?
Creek Forest Apartments Inc is a nonprofit organization situated in Tulsa, Oklahoma. Its primary mission is to offer affordable housing solutions for 100 families and individuals with moderate to low incomes. The organization operates with a dedicated team of three individuals, ensuring the provision of comfortable and affordable living spaces for those in need. By providing low-rent housing, Creek Forest Apartments Inc contributes to the local community and helps to alleviate housing insecurity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Creek Forest Apartments Inc has achieved a high rating of 94%, reflecting a strong focus on accountability and finance. The organization received a perfect score for its independent board members and financial statement reviews, indicating robust governance and transparency practices. The absence of material asset diversion and well-documented policies for conflict of interest, whistleblowing, and document retention further underscore its commitment to ethical operations.
The financial health of Creek Forest Apartments Inc is commendable, with an impressive program expense ratio of 99.48%. This suggests that almost all of its expenditures are directed towards its programs rather than administrative costs, which is a positive indicator for donors and stakeholders. Additionally, the organization maintains a low liabilities to assets ratio of 6.48%, highlighting its financial stability and effective management of resources.
While the provided data showcases the strengths of Creek Forest Apartments Inc, it does not offer insights into the specific programs or community impact. Future evaluations could benefit from information about the effectiveness and reach of its services, allowing stakeholders to better assess the organization's overall mission and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Creek Forest Apartments Inc legitimate?
Creek Forest Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Creek Forest Apartments 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: $165,281
For more financial information, click here
What is the mission statement of Creek Forest Apartments Inc?
Creek Forest Apartments Inc is committed to serving the housing needs of 100 low to moderate income families and individuals. Their mission, as expressed in various ways, is primarily focused on providing affordable rental accommodations. By doing so, they aim to contribute to a more inclusive community, ensuring that a broader segment of society has access to decent living conditions. Their activities are centered around this objective, seeking to provide a stable living environment for those who may not otherwise be able to afford it.
What is the revenue of Creek Forest Apartments Inc?
Creek Forest Apartments Inc's revenue in 2023 was $585,432.
Who are the executives of Creek Forest Apartments Inc and what are their salaries?
The average compensation at Creek Forest Apartments Inc during 2023 was $55,094. There are 3 employees at Creek Forest Apartments Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Creek Forest Apartments Inc?
Creek Forest Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Creek Forest Apartments Inc
Creek Forest Apartments Inc is committed to offering affordable housing solutions for 100 families and individuals classified as low to moderate income. Their mission, in essence, revolves around providing a residential space that is financially accessible, ensuring these individuals and families have a stable living environment. By doing so, Creek Forest Apartments Inc contributes to the well-being of its residents, allowing them to focus on other aspects of their lives without the burden of exorbitant housing costs.
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Impact
July, 2024
Creek Forest Apartments Inc provides a vital service by offering low-rent housing to 100 low to moderate income families and individuals in Tulsa, Oklahoma. By ensuring access to affordable housing, they contribute to improving the quality of life and stability of these individuals and families. This impact resonates beyond just providing shelter, as it can have positive ripple effects on education, employment, health, and overall well-being. Creek Forest Apartments Inc plays a crucial role in addressing the pressing issue of housing affordability and homelessness in the community.
This information is meant to be a general summary of Creek Forest Apartments 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 2023.
- Program Service Revenue: $279,092
- Gross Receipts: $585,432
Assets and Liabilities:
- Total Assets: $598,238
- Total Liabilities: $38,773
- Net Assets: $559,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$274,201
Laundry and Vending
Revenue
$1,861
Tenant Charges
Revenue
$3,030
Organization Details
Founding Year
1972
Principal Officer
Richard Anderson
NTEE Category
Code: L20 - Housing
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