Overview
What is Oak Haven Inc?
Oak Haven Inc, with its headquarters located at 21059 Blair Road, Conroe, Texas 77385, is a dedicated nonprofit organization primarily focused on serving the needs of elderly individuals. Adhering to Section 202 of the National Housing Acts, they provide housing facilities and services specifically tailored to meet the physical, social, and psychological requirements of this demographic. Their mission is to enhance the health, security, happiness, and overall well-being of elderly residents, promoting their sense of purpose and usefulness. Currently, they support at least 72 elderly tenants who fall under the low-income category, ensuring they can reside in an environment that caters to their unique needs. With a team of five devoted individuals, Oak Haven Inc strives to create a community where the elderly can thrive and live with dignity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating
Oak Haven Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score reflects a strong commitment to financial integrity, with a high program expense ratio of 89.77%, meaning that a significant portion of its expenditures directly supports its programs.
The organization has a fully independent board, with all eight members having no financial ties to the nonprofit, enhancing its governance and oversight. Additionally, Oak Haven Inc maintains robust financial practices, evidenced by receiving full points for its audited financial statements and an absence of material diversion of assets.
While the rating demonstrates the charity's strengths in financial management and accountability, it is worth noting that the score is based solely on the Accountability & Finance beacon. This focus means that other areas such as impact measurement or program effectiveness are not evaluated, which could limit a comprehensive understanding of the organization’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Haven Inc legitimate?
Oak Haven Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Haven 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: $131,750
For more financial information, click here
What is the mission statement of Oak Haven Inc?
Oak Haven Inc's mission is centered around providing specialized housing facilities and services for the elderly, aimed at addressing their physical, social, and psychological needs. The organization's primary objective is to enhance their health, ensure their security, foster their happiness, and encourage their productivity. By doing so, Oak Haven Inc strives to improve the overall well-being of its elderly residents, providing them with a supportive living environment. The organization also benefits from Section 202 of the National Housing Acts, enabling it to offer housing to at least 72 elderly tenants who meet low-income requirements.
Who is the CEO of Oak Haven Inc?
Homer Allison is the President of Oak Haven Inc.
What is the revenue of Oak Haven Inc?
Oak Haven Inc's revenue in 2023 was $780,895.
Who are the executives of Oak Haven Inc and what are their salaries?
The average compensation at Oak Haven Inc during 2023 was $26,350. There are 5 employees at Oak Haven Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $100,586
- Other: $19,982
- Compensation: $0
- Related: $133,307
- Other: $19,982
Where can I find the form 990 for Oak Haven Inc?
Oak Haven Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oak Haven Inc
Oak Haven Inc, a nonprofit organization, is dedicated to providing specialized housing facilities and services for elderly individuals. The mission of Oak Haven Inc is to cater to the physical, social, and psychological needs of these senior citizens, promoting their health, security, happiness, and usefulness. By offering facilities and services tailored to the elderly, Oak Haven Inc aims to enhance their overall well-being and quality of life. The organization benefits at least 72 elderly tenants who meet the low-income requirements, as per Section 202 of the National Housing Acts.
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Impact
July, 2024
Oak Haven Inc has a significant impact on the lives of elderly individuals in Conroe, Texas. By providing housing facilities and services specifically tailored to meet their physical, social, and psychological needs, this organization promotes the health, security, happiness, and usefulness of at least 72 elderly tenants who meet low-income requirements. Through its dedicated mission, Oak Haven Inc plays a crucial role in enhancing the well-being and quality of life of older adults in the community.
This information is meant to be a general summary of Oak Haven 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: $795
- Program Service Revenue: $780,100
- Gross Receipts: $780,895
Assets and Liabilities:
- Total Assets: $846,252
- Total Liabilities: $2,665,134
- Net Assets: -$1,818,882
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY
Revenue
$549,560
RENTAL INCOME
Revenue
$226,187
LAUNDRY AND VENDING
Revenue
$3,507
TENANT CHARGES
Revenue
$846
Organization Details
Founding Year
1984
Phone
(281) 298-7999Principal Officer
Homer Allison
Main Address
21059 BLAIR ROAD, CONROE, TX, 77385
NTEE Category
Code: L22 - Housing
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