Kissimmee Oaks Housing I Inc
- Assets
- $1.8m
- Revenue
- $612.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Kissimmee, FL
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 59-3228411
Organization Overview
Kissimmee Oaks Housing I Inc, operating under the name Oak Leaf Landings, is located in Kissimmee, FL. The organization was established in 1994. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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 Leaf Landings 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 12/2021, Oak Leaf Landings generated $612.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $650.4k during the year ending 12/2021. While expenses have increased by 3.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A 50-UNIT APARTMENT BUILDING FOR LOW-INCOME ELDERLY AND DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES AN APARTMENT BUILDING CONSISTING OF 50 UNITS, LOCATED IN KISSIMMEE, FLORIDA, FOR THE PURPOSE OF PROVIDING HOUSING AND SERVICES TO LOW-INCOME ELDERLY AND DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rayelynne Ketchum President | OfficerTrustee | 0.25 | $0 |
Kimberlee Goodwin Secretary | OfficerTrustee | 0.25 | $0 |
Robert Hansell Vice President | OfficerTrustee | 0.25 | $0 |
Robert Husband Treasurer | OfficerTrustee | 0.25 | $0 |
Mylika Morton CFO | Officer | 1 | $0 |
Wendy Ford Chief Executive Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $470,434 |
| 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 | $470,434 |
| Total Program Service Revenue | $142,242 |
| Investment income | $127 |
| 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 | $612,803 |
| 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 | $51,499 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,723 |
| Advertising and promotion | $264 |
| Office expenses | $5,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,552 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,521 |
| Insurance | $69,681 |
| All other expenses | $2,362 |
| Total functional expenses | $650,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,846 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,672,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,462 |
| Other assets | $139,733 |
| Total assets | $1,819,093 |
| Accounts payable and accrued expenses | $9,064 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,216 |
| 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 | $0 |
| Total liabilities | $25,280 |
| Net assets without donor restrictions | -$1,490,092 |
| Net assets with donor restrictions | $3,283,905 |
| 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 | $1,819,093 |
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