Overview
What is Oak Meadows Community Association?
The Oak Meadows Community Association is a recently formed nonprofit organization based in Asheboro, North Carolina. Established in late 2020, the Association sought to secure land for their community using financing from ROC USA. Their mission is to create a permanently affordable, safe, and stable living environment for their current and future residents by owning and maintaining the land as a manufactured home community. Throughout 2020, the Association held regular board meetings and workshops to develop policies that would guide their operations. Their goal is to preserve the affordability and quality of their community, ensuring a secure living space for its members.
Is Oak Meadows Community Association legitimate?
Oak Meadows Community Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Meadows Community Association 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
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What is the mission statement of Oak Meadows Community Association?
The Oak Meadows Community Association was established with a mission to own and preserve a manufactured home community, providing its residents with an affordable, secure, and stable living environment. Initially, the organization deliberated on the possibility of purchasing the land through ROC USA financing and ultimately decided to proceed. Throughout 2020, various policies were established to form a nonprofit landholding organization, with the primary objective of preserving the affordability and quality of the community. Regular board meetings and workshops were conducted to develop these policies, ensuring a collective and informed decision-making process.
Who is the CEO of Oak Meadows Community Association?
Lacey Brown is the President of Oak Meadows Community Association.
What is the revenue of Oak Meadows Community Association?
Oak Meadows Community Association's revenue in 2022 was $285,724.
Who are the executives of Oak Meadows Community Association and what are their salaries?
There 4 volunteers at Oak Meadows Community Association.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Oak Meadows Community Association?
Oak Meadows Community Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oak Meadows Community Association
Oak Meadows Community Association, established with a collective vision, aims to ensure the long-term ownership and maintenance of a manufactured home community. Their mission is to create an environment that is both affordable and secure for its current and future residents. By pursuing this goal, the Association aspires to provide a stable and enduring living space for its members. Throughout 2020, the organization underwent a significant transformation, holding regular board meetings and workshops to establish policies that would sustain the affordability and quality of their community.
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Impact
October, 2024
Oak Meadows Community Association has made a significant impact by securing land for a manufactured home community, ensuring a permanently affordable, safe, and stable living environment for its residents. Established in late 2020, the Association united community members to undertake the critical decision of purchasing the land using ROC USA financing.
Through monthly board meetings and numerous workshops, members developed policies aimed at preserving the quality and affordability of their community. This grassroots effort not only fosters a sense of ownership among residents but also contributes to the long-term sustainability of affordable housing in Asheboro, NC. By prioritizing both community involvement and effective management of the land, Oak Meadows has created a model for maintaining affordable housing and empowering residents.
This information is meant to be a general summary of Oak Meadows Community Association. 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: $292
- Program Service Revenue: $273,652
- Gross Receipts: $285,724
Assets and Liabilities:
- Total Assets: $2,445,527
- Total Liabilities: $2,346,941
- Net Assets: $98,586
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOT RENTAL
Revenue
$273,652
Organization Details
Founding Year
2020
Phone
(862) 270-6540Principal Officer
Lacey Brown
Main Address
2075 CEDAR ROAD, ASHEBORO, NC, 27203
NTEE Category
Code: L80 - Housing
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