West Oaks Ii Corporation
- Assets
- $1.3m
- Revenue
- $426.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/1987
- Data as of
- 06/2022
- EIN
- 58-1735469
Organization Overview
West Oaks Ii Corporation is located in Atlanta, GA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Oaks Ii Corporation 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, West Oaks Ii Corporation generated $426.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $429.9k during the year ending 06/2022. While expenses have increased by 4.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF A 35 UNIT APARTMENT COMPLEX FOR LOW INCOME ELDERLY AND SELF-SUFFICIENT HANDICAPPED PERSONS IN ACCORDANCE WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Eickhoff President | 1 | $0 | |
Joseph F Glenn Vice President | 1 | $0 | |
Robert L Reinhart Director | 1 | $0 | |
Elizabeth C Glenn Secretary | 1 | $0 | |
Kim Delacey Director | 1 | $0 | |
Larry Gay Reagan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $405 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $426,454 |
| Total Revenue | $426,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $73,496 |
| Pension plans, employee benefits | $11,815 |
| Interest | $0 |
| Taxes | $5,725 |
| Depreciation | $52,748 |
| Occupancy | $163,986 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,159 |
| Total operating and administrative expenses | $429,934 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $429,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,400 |
| Savings and temporary cash investments | $233,040 |
| Net Accounts receivable | $182 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,991 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,057,256 |
| Other assets | $9,846 |
| Total assets | $1,337,715 |
| Accounts payable and accrued expenses | $42,435 |
| Grants payable | $0 |
| Deferred revenue | $175 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,530 |
| Total liabilities | $51,140 |