Briarcliff Oaks Inc
- Assets
- $6.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Atlanta, GA
- Founding
- 08/2009
- Data as of
- 06/2023
- EIN
- 26-3359065
Organization Overview
Briarcliff Oaks Inc is located in Atlanta, GA. The organization was established in 2009. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Briarcliff Oaks Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Briarcliff Oaks 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 06/2023, Briarcliff Oaks Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY, AFFORDABLE HOUSING AND SERVICES TO OLDER ADULTS OF ALL FAITHS AND BELIEFS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTALS FROM A 125 UNIT APARTMENT COMMUNITY UNDER HUD SECTION 221(D)(3) AND HUD SECTION 8 TO PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Ozaki Director | Trustee | 0.5 | $0 |
Kathy Kinlaw Director | Trustee | 0.5 | $0 |
Justin Anand Co-Chair | OfficerTrustee | 1 | $0 |
Karen Owen Co-Chair | OfficerTrustee | 1 | $0 |
Larry Connelly Director | Trustee | 0.5 | $0 |
Katie Kennedy Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,532 |
| Total Program Service Revenue | $1,955,768 |
| Investment income | $453 |
| 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 | $2,033,753 |
| 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 | $442,643 |
| Pension plan accruals and contributions | $39,078 |
| Other employee benefits | $41,668 |
| Payroll taxes | $32,536 |
| Fees for services: Management | $11,666 |
| Fees for services: Legal | $490 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $435 |
| Office expenses | $27,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $223,073 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,798 |
| Interest | $197,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,977 |
| Insurance | $65,298 |
| All other expenses | $24,200 |
| Total functional expenses | $2,085,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,932 |
| 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 | $17,333 |
| Net Land, buildings, and equipment | $4,981,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $203,740 |
| Other assets | $1,508,779 |
| Total assets | $6,873,545 |
| Accounts payable and accrued expenses | $161,227 |
| 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 | $7,663,792 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,278 |
| Total liabilities | $8,024,297 |
| Net assets without donor restrictions | $0 |
| 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 | -$1,150,752 |
| Total liabilities and net assets/fund balances | $6,873,545 |