Oak Tree Apartments Corporation
Nonprofit profile at a glance
- EIN
- 550780852
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024
- Location
- Huntington, WV, USA
- Phone
- 3045257851
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $62,267
- Expenses
- $62,199
- Assets
- $248,086
- Liabilities
- $25,294
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- FRANK MARKUN (CHAIR)
- LISA ZAPPIA (VICE CHAIR)
- KRISTIE MOTLEY (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide housing to low-income mentally impaired individuals.
What it reported doing in 2024
The corporation owns a six unit apartment complex for low-income, mentally impaired individuals. All expenses are attributed to the facility.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 100
- Sustainability: 54
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.3%; rating input score 71
- Program expense ratio: 71.4%; rating input score 71
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 0.1%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 3.99; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.3% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: -3.2% per year; rating input score 0; 28th percentile among comparable filings
Details
- Where the money goes: 71.3% of revenue deployed · 71.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $44K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.