Overview
What is Oaksatl Community Development Inc?
Oaksatl Community Development Inc is a nonprofit organization situated in Atlanta, Georgia, specifically at 1919 Bixby Street, 30317. Their primary mission is to combat community deterioration and alleviate distress among the underprivileged. They accomplish this by purchasing, renovating, and leasing properties in neighborhoods such as English Avenue, Vine City, and surrounding Atlanta communities. The organization has undertaken this mission by acquiring two apartment complexes and one single-family home, totaling 26 units. These low-income housing projects will undergo renovations within the next two years. Apart from this, Oaksatl Community Development Inc also assists with low-cost renovations and construction for current homeowners in these Atlanta neighborhoods. They collaborate with West Side Future Fund and Grove Park Renewal on development property projects, further contributing to their mission of community betterment. The organization employs a team of six individuals who are dedicated to this cause.
Official website here: www.oaksatl.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Oaksatl Community Development Inc has achieved a solid Three-Star rating with an overall score of 80%, indicating a generally favorable performance in accountability and finance. The organization boasts a fully independent board, contributing to strong governance practices, and has demonstrated effective management of assets with no material diversions. Additionally, its program expense ratio of 92.29% highlights a significant commitment to its mission, channeling the majority of its resources directly into programs.
Despite its strengths, the organization does face some limitations. Notably, it lacks a whistleblower policy, which could raise concerns regarding transparency and accountability within its operations. While most financial metrics reflect a strong position, particularly the working capital ratio, the fundraising efficiency ratio indicates a high cost associated with fundraising efforts, which may impact sustainability in the long run.
Overall, Oaksatl Community Development Inc is recognized for its strong governance and effective program funding, but it will benefit from addressing its policy gaps and enhancing fundraising strategies to ensure ongoing success and trust among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Oaksatl Community Development Inc legitimate?
Oaksatl Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oaksatl Community Development 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: $15,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,526
For more financial information, click here
Official website here: www.oaksatl.com
What is the mission statement of Oaksatl Community Development Inc?
Oaksatl Community Development Inc is committed to combating community deterioration and providing relief for the distressed and underprivileged. They achieve this by purchasing, renovating, and leasing properties in neighborhoods such as English Avenue, Vine City, and surrounding Atlanta communities. The organization's primary goal is to revitalize these areas and offer affordable housing options for those in need. In addition to their property acquisition and renovation efforts, they also assist with low-cost renovations and construction for existing homeowners in Atlanta neighborhoods. Oaksatl Community Development Inc collaborates with organizations like West Side Future Fund and Grove Park Renewal on development property projects to further their mission.
Official website here: www.oaksatl.com
Who is the CEO of Oaksatl Community Development Inc?
Matt Maxwell is the Board Member of Oaksatl Community Development Inc.
Official website here: www.oaksatl.com
What is the revenue of Oaksatl Community Development Inc?
Oaksatl Community Development Inc's revenue in 2022 was $1,078,348.
Official website here: www.oaksatl.com
Who are the executives of Oaksatl Community Development Inc and what are their salaries?
The average compensation at Oaksatl Community Development Inc during 2022 was $26,274. There are 6 employees and 100 volunteers at Oaksatl Community Development Inc.
Here are 13 key members and their salaries:
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Official website here: www.oaksatl.com
Where can I find the form 990 for Oaksatl Community Development Inc?
Oaksatl Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oaksatl.com
Learn more at the official website: www.oaksatl.com
Mission Statement of Oaksatl Community Development Inc
Oaksatl Community Development Inc is a nonprofit organization with a mission to combat community deterioration and provide relief for the distressed and underprivileged. To achieve this, the organization purchases, renovates, and leases properties in the neighborhoods of English Avenue, Vine City, and surrounding Atlanta communities. By doing so, Oaksatl Community Development Inc aims to revitalize these areas and improve the living conditions of those in need.
In addition to purchasing and renovating properties, Oaksatl Community Development Inc also assists with low-cost renovations and construction for current homeowners in Atlanta neighborhoods. This is a proactive approach to revitalization, helping to improve existing properties and promote pride in the community. The organization also partners with other organizations, such as the West Side Future Fund and Grove Park Renewal, on development property projects. This collaborative approach allows Oaksatl Community Development Inc to have a greater impact in the community and to leverage the resources and expertise of other organizations.
Overall, Oaksatl Community Development Inc is a mission-driven organization that is dedicated to improving the lives of those in distressed and underprivileged communities. By purchasing, renovating, and leasing properties, and by assisting with low-cost renovations and construction, the organization is working to combat community deterioration and provide relief for those in need. Through partnerships with other organizations, Oaksatl Community Development Inc is able to have a greater impact and to make a real difference in the communities it serves.
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Impact
July, 2024
Oaksatl Community Development Inc's impact can be seen in its efforts to combat community deterioration and provide relief for the distressed and underprivileged in Atlanta neighborhoods such as English Avenue, Vine City, and surrounding communities. The organization has acquired and plans to renovate low-income housing properties, totaling 26 units across two apartment complexes and one single-family home. Additionally, they offer low-cost renovations and construction assistance to current homeowners in these areas. Through partnerships with organizations like the West Side Future Fund and Grove Park Renewal, Oaksatl is actively involved in development projects that aim to improve the quality of life for residents in these neighborhoods.
This information is meant to be a general summary of Oaksatl Community Development 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 2022.
- Investment Income: $122
- Program Service Revenue: $831,470
- Gross Receipts: $1,078,348
Assets and Liabilities:
- Total Assets: $4,055,029
- Total Liabilities: $2,168,239
- Net Assets: $1,886,790
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENOVATION FEES, NET
Revenue
$543,520
RENTAL INCOME
Revenue
$287,950
Organization Details
Founding Year
2017
Phone
(404) 964-5684Principal Officer
Matt Maxwell
Main Address
1919 BIXBY ST, ATLANTA, GA, 30317
Website
www.oaksatl.comNTEE Category
Code: L30 - Housing
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