Oak Street Senior Apartments Inc
- Assets
- $3.9m
- Revenue
- $196.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fenton, MI
- Founding
- 10/2012
- Data as of
- 12/2021
- EIN
- 46-0546467
Organization Overview
Oak Street Senior Apartments Inc is located in Fenton, MI. The organization was established in 2012. 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 Street Senior 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 Street Senior Apartments Inc generated $196.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $374.8k during the year ending 12/2021. While expenses have increased by 9.1% 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
TO PROVIDE RENTAL ASSISTANCE TO ELDERLY INDIVIDUALS TO OBTAIN DECENT, SAFE, AND SANITARY HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 24-UNIT APARTMENT COMPLEX IN FLINT, MICHIGAN, PROVIDING RENTAL ASSISTANCE TO ELIGIBLE ELDERLY INDIVIDUALS TO OBTAIN DECENT, SAFE, AND SANITARY HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Hughes Secretary | OfficerTrustee | 0.1 | $0 |
Essence Wilson Vice President | OfficerTrustee | 0.1 | $0 |
Sandra Kelley Treasurer | OfficerTrustee | 0.1 | $0 |
Glenn Wilson President | OfficerTrustee | 0.1 | $0 |
Carma Lewis Director | Trustee | 0.1 | $0 |
Jason Paulateer Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,964 |
| 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 | $123,964 |
| Total Program Service Revenue | $71,741 |
| Investment income | $16 |
| 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 | $196,671 |
| 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 | $31,393 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,454 |
| Payroll taxes | $3,236 |
| Fees for services: Management | $11,758 |
| Fees for services: Legal | $405 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $580 |
| Office expenses | $13,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,955 |
| 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 | $169,220 |
| Insurance | $11,874 |
| All other expenses | $3,495 |
| Total functional expenses | $374,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,277 |
| Savings and temporary cash investments | $91,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,419 |
| 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 | $1,744 |
| Net Land, buildings, and equipment | $3,773,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,872,624 |
| Accounts payable and accrued expenses | $53,080 |
| Grants payable | $0 |
| Deferred revenue | $587 |
| 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 | $4,995 |
| Total liabilities | $58,662 |
| Net assets without donor restrictions | -$887,218 |
| Net assets with donor restrictions | $4,701,180 |
| 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 | $3,872,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fox Run Village Inc Novi, MI | $460,113,194 | $70,545,249 |
Csi-Derby Street Nonprofit Housing Corporation Warren, MI | $670,695 | $62,509,360 |
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Twin Lakes Cincinnati, OH | $221,116,873 | $30,548,357 |
St Leonard Centerville, OH | $96,777,617 | $31,237,067 |
Colonial Senior Services Inc Hamilton, OH | $79,845,037 | $27,642,805 |
Clark Retirement Community Inc Grand Rapids, MI | $96,381,064 | $20,508,927 |
First Community Village Columbus, OH | $122,549,081 | $19,045,598 |
Resthaven Holland, MI | $35,879,779 | $29,087,420 |
Willow Brook Christian Services Delaware, OH | $3,018,622 | $23,582,237 |
Covenant Retirement Communities Of The Great Lakes Conference Grand Rapids, MI | $46,465,743 | $18,284,551 |