Golden Oaks Apartments Inc
- Assets
- $1.3m
- Revenue
- $97.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cookeville, TN
- Founding
- 12/2006
- Data as of
- 06/2022
- EIN
- 20-4045133
Organization Overview
Golden Oaks Apartments Inc is located in Cookeville, TN. The organization was established in 2006. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Oaks Apartments Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Golden Oaks Apartments Inc generated $97.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $139.4k during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THIS PROJECT HAS A COMMITMENT TO SERVE THE ELDERLY THROUGH AFFORDABLE HOUSING AND MAKES EVERY EFFORT TO PROVIDE AN ENVIRONMENT CONDUCIVE TO THE WELL BEING OF THE PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A 14-UNIT APARTMENT COMPLEX FOR SENIOR CITIZENS. RENT IS SUBSIDIZED BY HUD AND IS BASED ON THE INCOME LEVEL OF THE TENANT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Williams Chairperson | OfficerTrustee | 1 | $0 |
Marie Ferran Secretary/treasurer | OfficerTrustee | 1 | $0 |
Marvin Lusk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,228 |
| Total Program Service Revenue | $48,861 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,384 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,950 |
| Advertising and promotion | $56 |
| Office expenses | $5,138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,184 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,104 |
| Insurance | $6,760 |
| All other expenses | $0 |
| Total functional expenses | $139,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,451 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,286 |
| Net Land, buildings, and equipment | $1,190,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,396 |
| Total assets | $1,289,961 |
| Accounts payable and accrued expenses | $11,611 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,618 |
| Total liabilities | $16,229 |
| Net assets without donor restrictions | $1,273,732 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,289,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Retirement Ministries Of Alamance County North Carolina Burlington, NC | $194,352,583 | $40,219,787 |
Cahec Management Inc Raleigh, NC | $9,947,968 | $10,365,211 |
Vsu Auxiliary Services Real Estatefoundation Inc Valdosta, GA | $163,910,452 | $6,694,353 |
Richfield Foundation Salem, VA | $0 | $0 |
Aldersgate Life Plan Services Inc Charlotte, NC | $512,670 | $138,330 |
American Village Communities Inc Fairfax, VA | $10,611,697 | $3,645,882 |
230 John Wesley Dobbs Boulevard Ventures Inc Atlanta, GA | $13,295,834 | $2,161,354 |
Holston United Methodist Home For Children Foundation Inc Greeneville, TN | $46,120,321 | $4,035,558 |
Baptist Retirement Homes Foundation Winston Salem, NC | $47,968,572 | $2,829,285 |
Early Learning Property Management Inc Atlanta, GA | $26,441,881 | $2,751,537 |
Bhi Properties Llc Louisville, KY | $12,489,972 | $1,658,797 |
Deerfield Charitable Foundation Asheville, NC | $16,996,116 | $890,781 |