Overview
What is Twin Oaks Mutual Housing Community?
Twin Oaks Mutual Housing Community is a nonprofit organization situated in Houston, Texas. Their primary mission involves acquiring and managing a 248-unit apartment complex, specifically intended for low-income households. Through this initiative, they aim to enhance community stability by promoting mutual housing ownership. By managing housing as an affordable alternative, they cater to the needs of low-income families, thereby contributing positively to their living conditions. The organization employs a team of eight individuals in their operations.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
Twin Oaks Mutual Housing Community has received an 82% score from Charity Navigator, which indicates a solid level of accountability and financial health. The rating is entirely based on the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible financial practices.
Strengths of Twin Oaks include a fully independent board with a majority of members, excellent oversight of financial statements, and a strong program expense ratio, which indicates that all funds are directed towards its programs. The organization has demonstrated robust financial management, evidenced by a low liabilities to assets ratio and no reports of material diversion of assets.
While the overall score is commendable, the focus solely on accountability and finance means there is limited insight into other operational aspects such as program effectiveness or community impact. Nonetheless, the strong governance and financial practices suggest that Twin Oaks is a responsible steward of donations.
This AI summary has been generated from information found on Charity Navigator.
Is Twin Oaks Mutual Housing Community legitimate?
Twin Oaks Mutual Housing Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twin Oaks Mutual Housing Community 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: $131,539
For more financial information, click here
What is the mission statement of Twin Oaks Mutual Housing Community?
Twin Oaks Mutual Housing Community's mission is centered around enhancing community stability. They achieve this by promoting mutual housing ownership and managing housing as an affordable solution for low-income families. This mission serves as an alternative option for those in need, aiming to provide them with a secure living environment. The community demonstrates this by acquiring and managing a 248-unit apartment complex, which is then utilized for providing low-income housing.
Who is the CEO of Twin Oaks Mutual Housing Community?
Yolanda Esquivel is the President of Twin Oaks Mutual Housing Community.
What is the revenue of Twin Oaks Mutual Housing Community?
Twin Oaks Mutual Housing Community's revenue in 2022 was $2,113,308.
Who are the executives of Twin Oaks Mutual Housing Community and what are their salaries?
The average compensation at Twin Oaks Mutual Housing Community during 2022 was $16,442. There are 8 employees and 8 volunteers at Twin Oaks Mutual Housing Community.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Twin Oaks Mutual Housing Community?
Twin Oaks Mutual Housing Community's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Twin Oaks Mutual Housing Community
Twin Oaks Mutual Housing Community is dedicated to enhancing community stability by promoting mutual housing ownership and managing housing as an affordable option for low-income families. Through this mission, the organization aims to provide a viable alternative for families who may be struggling financially. This mission is achieved by acquiring and managing housing complexes, such as the 248-unit apartment complex obtained from HUD, to be used specifically for low-income housing. By doing so, Twin Oaks Mutual Housing Community contributes to the overall well-being of its residents and helps foster a sense of community among its members.
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Impact
July, 2024
Twin Oaks Mutual Housing Community in Houston, TX, has made a significant impact on the community by providing affordable housing options for low-income families. Through the development of mutual housing ownership and management practices, Twin Oaks has helped to stabilize the community and improve the quality of life for its residents. The acquisition and management of a 248-unit apartment complex from HUD has provided much-needed housing for individuals and families who might otherwise struggle to find affordable accommodations. Twin Oaks' commitment to offering affordable housing options aligns with its mission of enhancing community stability and promoting mutual housing ownership as a sustainable solution for those in need.
This information is meant to be a general summary of Twin Oaks Mutual Housing Community. 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: $108
- Program Service Revenue: $2,113,200
- Gross Receipts: $2,113,308
Assets and Liabilities:
- Total Assets: $3,642,719
- Total Liabilities: $161,677
- Net Assets: $3,481,042
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rents
Revenue
$2,113,200
Organization Details
Founding Year
1997
Phone
(713) 772-4420Principal Officer
Yolanda Esquivel
Main Address
8323 Southwest Frwy STE 330, Houston, TX, 77074
NTEE Category
Code: L21Z - Housing
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