Oak Forest Apartments Inc
- Assets
- $10.1m
- Revenue
- $39.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 77-0429275
Organization Overview
Oak Forest Apartments Inc is located in San Luis Obispo, CA. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing 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. Oak Forest 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 12/2021, Oak Forest Apartments Inc generated $39.7k 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 $768.0k during the year ending 12/2021. 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
PROVIDE AFFORDABLE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW-INCOME RENTAL HOUSING AS THE .01% GENERAL PARTNER IN STORKE RANCH APARTMENTS, L.P. A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES STORKE RANCH APARTMENTS, A 36-UNIT HOUSING COMPLEX LOCATED IN ISLA VISTA,CA. IN ADDITION, TO PROVIDE AFFORDABLE RENTAL HOUSING AS THE .01% MANAGING GENERAL PARTNER IN BELRIDGE STREET ASSOCIATES, L.P., A CALIFORNIA LIMITED PARTNERSHIP, WHICH OWNS AND OPERATES BELRIDGE STREET APARTMENTS, A 12-UNIT APARTMENT COMPLEX LOCATED IN OCEANO, CALIFORNIA, IN ADDITION TO PROVIDE AFFORDABLE RENTAL HOUSING AS THE .01% MANAGING GENERAL PARTNER IN OCEANO APARTMENTS ASSOCIATES, L.P.,A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES LA BRISA MARINA APARTMENTS,A 16-UNIT AFFORDABLE RENTAL HOUSING COMPLEX LOCATED IN OCEANO, CA. IN ADDITION, TO PROVIDE AFFORDABLE RENTAL HOUSING AS THE .01% MANAGING GENERAL PARTNER IN TEMPLETON PLACE L.P., A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES TEMPLETON PLACE APARTMENTS, A 29-UNIT AFFORDABLE RENTAL HOUSING COMPLEX LOCATED IN TEMPLETON, CA. IN ADDITION, TO PROVIDE AFFORDABLE RENTAL HOUSING AS THE .01% MANAGING GENERAL PARTNER IN LOS ADOBES DE MARIA II, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES LOS ADOBES DE MARIA II APARTMENTS, A 52-UNIT AFFORDABLE RENTAL HOUSING COMPLEX LOCATED IN SANTA MARIA, CA. IN ADDITION, TO PROVIDE AFFORDABLE RENTAL HOUSING AS THE .01% MANAGING GENERAL PARTNER IN RIO VISTA ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP WHICH OWNS AND OPERATES RIVERVIEW APARTMENTS, AN 80-UNIT AFFORDABLE RENTAL HOUSING COMPLEX LOCATED IN GUADALUPE, CA. IN ADDITION TO PROVIDE AFFORDABLE RENTAL HOUSING AS THE 99.99% LIMITED PARTNER IN CANYON CREEK LIMITED PARTNERSHIP, A CALIFORNIA LIMITED PARTNERSHIP, WHICH OWNS AND OPERATES CANYON CREEK APARTMENTS, A 68-UNIT AFFORDABLE RENTAL HOUSING COMPLEX LOCATED IN PASO ROBLES, CA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Higginbotham Chairman | OfficerTrustee | 1 | $0 |
Vito Gioiello Vice President | OfficerTrustee | 1 | $0 |
Dieter Eckert Director | Trustee | 1 | $0 |
Yesenia Beas Director | Trustee | 1 | $0 |
Nick Tompkins Director | Trustee | 1 | $0 |
Sonia Kroth Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $39,720 |
| Investment income | $0 |
| 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 | $39,720 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $28,272 |
| Total functional expenses | $768,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $68,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,909,880 |
| Total assets | $10,057,695 |
| Accounts payable and accrued expenses | $79,815 |
| 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 | $0 |
| Total liabilities | $79,815 |
| Net assets without donor restrictions | $9,977,880 |
| 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 | $10,057,695 |
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|---|---|---|
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Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |