Oklahoma Christian Apartments Inc
- Assets
- $1.8m
- Revenue
- $331.5k
- Investments
- $314.5k
- Employees
- 0
- Location
- Bartlesville, OK
- Founding
- 08/2006
- Data as of
- 09/2024
- EIN
- 73-1052700
Organization Overview
Oklahoma Christian Apartments Inc is located in Bartlesville, OK. The organization was established in 2006. 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. Oklahoma Christian 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 09/2024, Oklahoma Christian Apartments Inc generated $331.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $304.0k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE 30-UNIT HOUSING PROJECT PROVIDES HOUSING FOR LOW-INCOME ELDERLY TENANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 30-UNIT HOUSING PROJECT IS TO PROVIDE HOUSING FOR LOW INCOME ELDERLY TENANTS.
THE 155-UNIT HOUSING PROJECT IS TO PROVIDE HOUSING FOR LOW INCOME ELDERLY TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Web Brown Member | Trustee | 2 | $0 |
Ann Buvinger Vice-Preside | OfficerTrustee | 2 | $0 |
Tom Gorman Secretary/tr | OfficerTrustee | 2 | $0 |
Mike Means President | OfficerTrustee | 2 | $0 |
Darrell Wooster Member | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $303,234 |
| Investment income | $2,267 |
| 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 | $331,536 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,212 |
| Office expenses | $10,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,387 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $39 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,042 |
| Insurance | $0 |
| All other expenses | $68,121 |
| Total functional expenses | $304,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,684 |
| 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 | $9,316 |
| Net Land, buildings, and equipment | $385,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $314,456 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $981,882 |
| Total assets | $1,761,064 |
| Accounts payable and accrued expenses | $70,092 |
| Grants payable | $0 |
| Deferred revenue | $337 |
| 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 | $9,533 |
| Total liabilities | $79,962 |
| Net assets without donor restrictions | $1,681,102 |
| 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 | $1,761,064 |