Oakmont Residential Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824662452 ✦ College station, TX ✦ Designated as a 501(c)(4)

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Overview

What is Oakmont Residential Association Inc?

Oakmont Residential Association Inc is a nonprofit organization situated in College Station, Texas. Established by Adam Development Properties, a team of seasoned real estate professionals, the association's primary mission is to enhance the community by maintaining common property. The organization is committed to community innovation, environmental stewardship, and financial strength, ensuring a comfortable living environment for its residents. Furthermore, Oakmont Residential Association Inc invests in the future of the community, complementing the functions of the association and boosting services and resources through sponsorship of programs, activities, and events within and around Oakmont.


Official website here: www.oakmontliving.com

Is Oakmont Residential Association Inc legitimate?

Oakmont Residential Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Oakmont Residential Association 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: $0

For more financial information, click here


Official website here: www.oakmontliving.com

What is the mission statement of Oakmont Residential Association Inc?

The Oakmont Residential Association Inc's mission is centered around investing in the future of its community. Its primary objective is to supplement and complement the functions of the association, aiming to enhance services and resources for the community. This is achieved through the sponsorship of various programs, activities, and events within and around Oakmont. The organization is also committed to maintaining common property and contributing to the overall improvement and betterment of the community.


Official website here: www.oakmontliving.com

Who is the CEO of Oakmont Residential Association Inc?

James L Wolfe is the President of Oakmont Residential Association Inc.


Official website here: www.oakmontliving.com

What is the revenue of Oakmont Residential Association Inc?

Oakmont Residential Association Inc's revenue in 2022 was $780,504.


Official website here: www.oakmontliving.com

Who are the executives of Oakmont Residential Association Inc and what are their salaries?


Here are 4 key members and their salaries:


Shannaz Ali (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie L A Malechek (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
James L Wolfe (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard S Roth (Assistant Se)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.oakmontliving.com

Where can I find the form 990 for Oakmont Residential Association Inc?

Oakmont Residential Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oakmontliving.com

Learn more at the official website: www.oakmontliving.com

Mission Statement of Oakmont Residential Association Inc

Oakmont Residential Association Inc, driven by the expertise of Adam Development Properties, is committed to investing in the future of its community. The organization's primary purpose is to complement and enhance the services and resources available to the community. It achieves this by sponsoring programs, activities, and events within and around Oakmont. By doing so, Oakmont Residential Association Inc aims to supplement the functions of the association, ultimately benefiting the community as a whole. The organization's mission is underpinned by its unwavering commitment to community innovation, environmental stewardship, and financial strength. By maintaining common property and enhancing the community, Oakmont Residential Association Inc is dedicated to fostering a prosperous and sustainable future for its residents.

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Impact




October, 2024

Oakmont Residential Association Inc plays a vital role in enhancing the quality of life for its residents and the surrounding community in College Station, Texas. By maintaining common properties and enhancing community features, it fosters a sense of belonging and pride among residents.

The Association actively invests in the future of Oakmont, ensuring that the development remains vibrant and adaptive to the needs of its residents. Through the sponsorship of various programs, activities, and events, Oakmont Residential Association Inc creates opportunities for engagement, connection, and social interaction among residents, which strengthens community bonds.

Additionally, its collaboration with Adam Development Properties showcases a commitment to innovation, environmental stewardship, and financial strength, ensuring that the community is not only well-maintained but also poised for sustainable growth. This holistic approach contributes to the overall attractiveness and livability of the Oakmont area, making it a desirable place to live and thrive.




This information is meant to be a general summary of Oakmont Residential Association 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.

Revenue
$780,504 (2022)
202020212022$0$200k$400k$600k$800k
Expenses
$342,730 (2022)
202020212022$0$90,000$180k$270k$360k
Efficiency
2020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $791
  • Program Service Revenue: $779,713
  • Gross Receipts: $780,504

Assets and Liabilities:

  • Total Assets: $1,144,754
  • Total Liabilities: $486,022
  • Net Assets: $658,732

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$386,614

FOUNDATION FEES

Revenue

$325,794

CAPITALIZATION FEES

Revenue

$63,600

RENTAL FEES

Revenue

$3,705

Organization Details

Founding Year

2016

Principal Officer

James L Wolfe

Main Address

ONE MOMENTUM BOULEVARD SUITE 1000, COLLEGE STATION, TX, 778456335

NTEE Category

Code: L50 - Housing

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