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Folsom Oaks Apartments Inc

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

EIN: 870746410 ✦ Sacramento, CA ✦ Designated as a 501(c)(3)

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Overview

What is Folsom Oaks Apartments Inc?

Folsom Oaks Apartments Inc is a nonprofit organization established in Sacramento, California, specifically at 650 Howe Avenue Building 400A, 95825. Their primary goal is to provide affordable housing for low-income households, ensuring at least one adult member has a qualifying disability. The complex includes 18 one, two, and three-bedroom rental units, along with an additional manager's unit, a toddler play area, picnic area, and a community room with assigned staff offices. The mission of Folsom Oaks Apartments Inc is to offer affordable housing options in Folsom for individuals with special needs, enhancing their living conditions and promoting overall well-being.

Is Folsom Oaks Apartments Inc legitimate?

Folsom Oaks Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folsom Oaks Apartments 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: $32,892

For more financial information, click here

What is the mission statement of Folsom Oaks Apartments Inc?

Folsom Oaks Apartments Inc, as an organization, is committed to providing affordable housing options for individuals with special needs. Their mission is to cater to low-income households, ensuring at least one adult household member has a qualifying disability. The complex they manage houses eighteen rental units of varying sizes, including one, two, and three bedroom units, along with a manager's unit. To enhance the living experience, they offer amenities such as a tot lot, picnic area, and a community room with assigned staff offices. Their primary objective is to make affordable, supportive housing accessible to those in need.

Who is the CEO of Folsom Oaks Apartments Inc?

Erin Johansen is the President of Folsom Oaks Apartments Inc. The CEO's salary of Folsom Oaks Apartments Inc is $0 and their total compensation is $173,454.

What is the revenue of Folsom Oaks Apartments Inc?

Folsom Oaks Apartments Inc's revenue in 2022 was $212,735.

Who are the executives of Folsom Oaks Apartments Inc and what are their salaries?


Here are 6 key members and their salaries (Folsom Oaks Apartments Inc's CEO's salary is $0 and their total compensation is $173,454):


Lizbeth West (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Korpiel (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Parker (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Brown (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John C Orcutt Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Johansen (Ceo)
  • Compensation: $0
  • Related: $167,290
  • Other: $6,164
Where can I find the form 990 for Folsom Oaks Apartments Inc?

Folsom Oaks Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Folsom Oaks Apartments Inc

Folsom Oaks Apartments Inc, as a nonprofit organization, is committed to providing affordable housing for individuals with special needs. Their mission is to offer a living space that is both affordable and equipped with necessary supports for low-income households, ensuring at least one adult household member has a qualifying disability. The complex, managed by Folsom Oaks Apartments Inc, includes a variety of rental units, ranging from one to three bedrooms, as well as additional facilities such as a tot lot, picnic area, and a community room with assigned staff offices. By providing these resources, Folsom Oaks Apartments Inc strives to create a welcoming and inclusive living environment for those in need, enabling them to maintain a stable and comfortable home life.

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Impact




October, 2024

Folsom Oaks Apartments Inc significantly enhances the lives of individuals with special needs by providing affordable housing options tailored to low-income households, where at least one adult member has a qualifying disability. The complex features eighteen rental units with one, two, and three-bedroom configurations, ensuring various housing needs are met.

In addition to the residential offerings, Folsom Oaks Apartments includes a manager's unit, a children's play area, and a picnic space, fostering a sense of community. The community room serves as a hub for activities and support services, further enhancing residents' quality of life.

This initiative addresses the critical shortage of accessible housing in Folsom, promoting independence and stability for its residents. By creating a supportive environment, Folsom Oaks Apartments Inc actively contributes to the well-being of individuals with disabilities, empowering them to thrive within their community.




This information is meant to be a general summary of Folsom Oaks Apartments 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
$212,735 (2022)
Expenses
$572,305 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $136
  • Program Service Revenue: $89,861
  • Gross Receipts: $212,735

Assets and Liabilities:

  • Total Assets: $3,736,803
  • Total Liabilities: $5,258,837
  • Net Assets: -$1,522,034

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Programs

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

RENT

Revenue

$89,861

Organization Details

Founding Year

2005

Principal Officer

Erin Johansen

Main Address

650 HOWE AVENUE BLDG 400A, SACRAMENTO, CA, 95825

NTEE Category

Code: L21 - Housing

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