Gee How Oak Tin Foundation

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

EIN: 943085822 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

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Overview

What is Gee How Oak Tin Foundation?

Gee How Oak Tin Foundation is a Seattle-based nonprofit organization dedicated to addressing the housing needs of individuals with limited income. Their primary mission revolves around providing affordable housing, ensuring that individuals who may struggle financially have access to suitable living spaces. The organization's activities are centered around this mission, making an essential contribution to the community by promoting affordable housing options.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 60%)

The Gee How Oak Tin Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement. While the organization scores well in areas such as having a fully independent board and documenting board meeting minutes, it has significant weaknesses in financial accountability and transparency. The foundation's liabilities to assets ratio is concerning at 66.78%, which raises questions about its financial stability.

On the positive side, the foundation demonstrates strong program expense management, with a program expense ratio of 100%, meaning all expenses are directed toward its programs. However, the lack of essential policies, like conflict of interest and whistleblower protections, along with missing tax forms on the nonprofit's website, highlights areas where the organization could enhance its governance and transparency practices.

Overall, while Gee How Oak Tin Foundation shows commitment to its mission through its financial allocations, the noted deficiencies in accountability and policy frameworks suggest that potential donors and supporters should approach with caution until these issues are addressed.


This AI summary has been generated from information found on Charity Navigator.

Is Gee How Oak Tin Foundation legitimate?

Gee How Oak Tin Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gee How Oak Tin Foundation 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

What is the mission statement of Gee How Oak Tin Foundation?

The Gee How Oak Tin Foundation, based in an unspecified location, is dedicated to providing low-income housing. Their primary mission is to make housing accessible for individuals with limited financial resources. The foundation operates with the goal of contributing positively to the lives of these individuals, ensuring they have a place to call home. By providing affordable housing, the foundation aims to alleviate some of the challenges associated with housing insecurity, thereby improving the overall well-being of the community. While specific details about their other activities or initiatives are not provided, it is clear that the Gee How Oak Tin Foundation's primary focus is on ensuring affordable housing for those in need.

Who is the CEO of Gee How Oak Tin Foundation?

Gilbert Chin is the Secretary of Gee How Oak Tin Foundation.

What is the revenue of Gee How Oak Tin Foundation?

Gee How Oak Tin Foundation's revenue in 2022 was $490,560.

Who are the executives of Gee How Oak Tin Foundation and what are their salaries?


Here are 4 key members and their salaries:


Michael Chen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackson Chan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gilbert Chin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fang Hong Lee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gee How Oak Tin Foundation?

Gee How Oak Tin Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Gee How Oak Tin Foundation

Gee How Oak Tin Foundation, a Seattle-based organization, is dedicated to providing low-income housing. Their mission is to make a significant impact by offering affordable housing solutions to those in need. This nonprofit organization is committed to enhancing living standards and promoting community development by prioritizing affordable housing options. By doing so, Gee How Oak Tin Foundation aims to contribute to a more equitable society where everyone has access to decent housing, regardless of their financial circumstances.

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Impact




July, 2024

Gee How Oak Tin Foundation's impact is significant in providing low-income housing in the city of Seattle. By offering affordable housing options, the foundation plays a crucial role in addressing the housing needs of individuals and families facing financial challenges in the Seattle area. Their commitment to providing housing assistance directly contributes to improving the quality of life for those in need and helps to create more stable and sustainable communities. Overall, Gee How Oak Tin Foundation's work has a tangible and positive impact on the lives of low-income individuals in Seattle by ensuring they have access to safe and affordable housing options.




This information is meant to be a general summary of Gee How Oak Tin Foundation. 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
$490,560 (2022)
Expenses
$503,034 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $19,620
  • Program Service Revenue: $470,940
  • Gross Receipts: $490,560

Assets and Liabilities:

  • Total Assets: $4,890,441
  • Total Liabilities: $3,266,189
  • Net Assets: $1,624,252

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Programs

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

LOW INCOME HOUSING

Revenue

$470,940

Organization Details

Founding Year

1989

Principal Officer

Gilbert Chin

Main Address

519 7TH AVE S, SEATTLE, WA, 981042971

NTEE Category

Code: L25 - Housing

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