Overview
What is Lulac Oak Hill Inc?
Lulac Oak Hill Inc is a nonprofit organization situated in College Station, Texas. Their primary mission is to offer affordable housing solutions to individuals in need within the community. This includes providing housing for citizens who may be facing financial hardships or other challenges that make it difficult for them to secure suitable housing on their own. The organization's activities and mission are deeply rooted in the desire to improve the living conditions of those in need, contributing positively to the overall well-being of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 star (50%)
Lulac Oak Hill Inc has received a low rating of 50% from Charity Navigator, which translates to a one-star rating. This score reflects significant concerns regarding accountability and financial transparency, primarily due to a complete lack of independent board members and missing essential policies and financial statements. The absence of a website listed on their tax form is another key issue contributing to this low score.
Despite these shortcomings, the organization does demonstrate a commendable program expense ratio of 100%, indicating that all of its expenses are directed towards its programs. Additionally, it has a favorable liabilities to assets ratio of 2.86%, suggesting that it is managing its debts effectively. However, the absence of fundamental governance practices raises serious questions about its operational integrity.
Overall, Lulac Oak Hill Inc's performance reveals critical areas needing improvement, particularly in financial reporting and governance structures. Potential donors may want to consider these factors when evaluating the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Lulac Oak Hill Inc legitimate?
Lulac Oak Hill Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lulac Oak Hill 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: $98,833
For more financial information, click here
What is the mission statement of Lulac Oak Hill Inc?
Lulac Oak Hill Inc is committed to a mission of providing affordable housing solutions for individuals in need, situated in an unspecified location. Their primary objective is to cater to this housing demand within the community. By doing so, they aim to contribute positively to the lives of those who may be financially challenged, ensuring they have a roof over their heads. The organization does not disclose any additional details about its activities or strategies, but its primary focus remains on affordable housing.
Who is the CEO of Lulac Oak Hill Inc?
Reginald Stephens is the President of Lulac Oak Hill Inc.
What is the revenue of Lulac Oak Hill Inc?
Lulac Oak Hill Inc's revenue in 2023 was $591,331.
Who are the executives of Lulac Oak Hill Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Lulac Oak Hill Inc?
Lulac Oak Hill Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lulac Oak Hill Inc
Lulac Oak Hill Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for those in need within its community. Specifically, its mission is focused on the citizens residing in College Station, Texas. The organization's primary goal is to alleviate housing-related challenges, ensuring that individuals who require such assistance can find affordable housing options available to them. By doing so, Lulac Oak Hill Inc contributes to the overall well-being of its community, providing a crucial resource for those in need.
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Impact
July, 2024
Lulac Oak Hill Inc has a significant impact on the community of College Station, Texas by providing affordable housing to citizens in need. Their mission to ensure that individuals have access to safe and affordable living arrangements helps to address a crucial societal issue. By offering this essential service, Lulac Oak Hill Inc plays a vital role in improving the quality of life for residents in College Station who may otherwise struggle to secure housing. Their dedication to this cause contributes to the overall well-being and stability of the community.
This information is meant to be a general summary of Lulac Oak Hill 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.
- Investment Income: $18
- Gross Receipts: $591,331
Assets and Liabilities:
- Total Assets: $912,154
- Total Liabilities: $26,097
- Net Assets: $886,057
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Organization Details
Phone
(979) 693-1124Principal Officer
Reginald Stephens
Main Address
1105 ANDERSON STREET, COLLEGE STATION, TX, 77840
NTEE Category
Code: L210 - Housing
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