Overview
What is Twelve Oaks Foundation?
The Twelve Oaks Foundation is a nonprofit organization, situated in Altadena, California, with an address at 2212 El Molino Ave. Originally established in 1935, the foundation provided affordable assisted living for senior citizens until October 2013. Over the years, its operation was managed by various boards, including Verdugo Hills Sunshine Society, National Charity League, Inc.-Glendale, and Southern California Presbyterian Homes. Following a lawsuit in 2015, control of the foundation was returned to the National Charity League, Inc.-Glendale, which appointed new directors. Renovation work began in December 2016, and the home reopened to residents in December 2017. In 2019, the foundation focused on further renovating buildings and working towards financial stability by filling vacant rooms as additional units were restored. The foundation's mission is to offer elderly individuals housing facilities and services that cater to their physical, social, and psychological needs, promoting their health, security, happiness, and purposefulness in longer living, all at a nonprofit cost.
Official website here: www.twelveoaks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
Twelve Oaks Foundation has achieved a solid Three-Star rating, reflecting a strong focus on Accountability and Finance, which constitutes 100% of its overall score. The foundation's high performance in governance is underscored by its majority independent board members and a robust financial oversight structure, with excellent scores in areas such as financial statement auditing and the absence of material diversion of assets.
The organization demonstrates effective financial management, evidenced by its program expense ratio of 82.98%, indicating that a significant portion of its funds is directed toward program services. However, its liabilities to assets ratio of 61.58% suggests that there might be room for improvement in managing financial obligations relative to its resources. Overall, while the foundation excels in governance and program spending, addressing its liabilities could enhance its financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Twelve Oaks Foundation legitimate?
Twelve Oaks Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twelve Oaks 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: $29,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,017,319
For more financial information, click here
Official website here: www.twelveoaks.org
What is the mission statement of Twelve Oaks Foundation?
The Twelve Oaks Foundation's mission is centered around providing affordable assisted living facilities for seniors. The primary objective is to bring joy to the elderly and their families. Their mission statement, in essence, is to offer elderly individuals housing facilities and services that cater to their physical, social, and psychological needs. The foundation strives to promote the seniors' health, security, happiness, and purposefulness in their extended living. Notably, the charges for these facilities and services are maintained on a non-profit basis.
Official website here: www.twelveoaks.org
Who is the CEO of Twelve Oaks Foundation?
James S Rothrock is the President & Ceo of Twelve Oaks Foundation. The CEO's salary of Twelve Oaks Foundation is $0 and their total compensation is $668,992.
Official website here: www.twelveoaks.org
What is the revenue of Twelve Oaks Foundation?
Twelve Oaks Foundation's revenue in 2022 was $1,631,318.
Official website here: www.twelveoaks.org
Who are the executives of Twelve Oaks Foundation and what are their salaries?
There 150 volunteers at Twelve Oaks Foundation.
Here are 16 key members and their salaries (Twelve Oaks Foundation's CEO's salary is $0 and their total compensation is $668,992):
- Compensation: $0
- Related: $623,954
- Other: $45,038
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- Other: $0
- Compensation: $120,310
- Related: $0
- Other: $10,086
Official website here: www.twelveoaks.org
Where can I find the form 990 for Twelve Oaks Foundation?
Twelve Oaks Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.twelveoaks.org
Learn more at the official website: www.twelveoaks.org
Mission Statement of Twelve Oaks Foundation
Twelve Oaks Foundation is dedicated to providing affordable assisted living for seniors, with the ultimate goal of bringing joy and contentment to both the elderly individuals and their families. The organization's mission is to offer elderly persons housing facilities and services specifically designed to cater to their physical, social, and psychological needs. By doing so, Twelve Oaks Foundation aims to promote the health, security, happiness, and purposefulness of the seniors in their longer living journey. Remarkably, the charges for these facilities and services are determined on a nonprofit basis, ensuring that the provision, maintenance, and operation of these services remain accessible and affordable for the intended recipients.
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Impact
July, 2024
Twelve Oaks Foundation's impact is focused on providing affordable assisted living for seniors, with the aim of bringing happiness to them and their families. The Foundation has served the elderly for many years through the operation of Twelve Oaks Lodge in Glendale, California. By offering housing facilities and services specially designed to meet the physical, social, and psychological needs of the elderly, Twelve Oaks Foundation promotes their health, security, happiness, and purposefulness in longer living. In 2019, the Foundation continued its efforts to renovate and restore additional buildings to accommodate more residents, working towards financial stabilization while maintaining its commitment to providing quality care for the elderly. Twenty-six residents lived at Twelve Oaks during 2019, highlighting the tangible impact the Foundation has on the lives of seniors in need of affordable assisted living options.
This information is meant to be a general summary of Twelve Oaks 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $426
- Program Service Revenue: $1,629,992
- Gross Receipts: $1,631,318
Assets and Liabilities:
- Total Assets: $7,762,840
- Total Liabilities: $4,771,200
- Net Assets: $2,991,640
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSISTED LIVING & RENT
Revenue
$1,290,865
ANCILLARY SERVICES
Revenue
$339,127
Organization Details
Founding Year
1935
Phone
(626) 403-5400Principal Officer
James S Rothrock
Main Address
2212 EL MOLINO AVE, ALTADENA, CA, 91001
Website
www.twelveoaks.orgNTEE Category
Code: L22I - Housing
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