Oak Tree Apartments Inc
- Assets
- $74.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springdale, AR
- Founding
- 05/1988
- Data as of
- 06/2022
- EIN
- 58-1762622
Organization Overview
Oak Tree Apartments Inc is located in Springdale, AR. The organization was established in 1988. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Tree 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, Oak Tree Apartments Inc generated $79.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $65.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HUD ASSISTED HOUSING FACILITIES FOR THE ELDERLY AND PSYCHOLOGICALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hatfield Board Member | 1 | $0 | |
Mike Morgenthaler Chairman | 1 | $0 | |
Abbey Eddy Board Member | 1 | $0 | |
Alice Hines Board Member | 1 | $0 | |
Cedric Williams Board Member | 1 | $0 | |
Donnie Davis Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $79,881 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $40 |
| Total Revenue | $79,939 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,976 |
| Professional fees and other payments to independent contractors | $4,495 |
| Occupancy, rent, utilities, and maintenance | $35,408 |
| Printing, publications, postage, and shipping | $3,109 |
| Other expenses | $13,062 |
| Total expenses | $65,050 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,151 |
| Other assets | $0 |
| Total assets | $74,227 |
| Total liabilities | $210,332 |
| Net assets or fund balances | -$136,105 |