Oakland Estates Apartments Inc.
Oakland Estates Apartments Inc.
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About this organization
Revenue
$67,106
Expenses
$82,619
Mission
OAKLAND ESTATES APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 12 UNIT APARTMENT COMMUNITY IN ELKHART, INDIANA, KNOWN AS OAKLAND ESTATES APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSITANCE CONTRACT (PRAC) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES OR PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.
About
OAKLAND ESTATES APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 12 UNIT APARTMENT COMMUNITY IN ELKHART, INDIANA, KNOWN AS OAKLAND ESTATES APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSITANCE CONTRACT (PRAC) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES OR PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.
Interesting data from their 2020 990 filing
The purpose of the non-profit is listed in the filing as “Oakland estates apartments, inc. is an indiana not-for-profit corporation and was organized to construct, own and operate a 12 unit apartment community in elkhart, indiana, known as oakland estates apartments. it was organized pursuant to section 811 of the national affordable housing act, as amended. the corporation has executed a regulatory agreement with hud which governs the operation of the project with the federal housing administration (fha) section of hud. the corporation has also entered into a project rental assitance contract (prac) with hud. the prac contract is a rent assistance program for low-income families or persons as provided by the section 8 program of the national housing act.”.
When discussing its operations, they were characterized as: “Oakland estates apartments, inc. is an indiana not-for-profit corporation and was organized to construct, own and operate a 12 unit apartment community in elkhart, indiana, known as oakland estates apartments. it was organized pursuant to section 811 of the national affordable housing act, as amended. the corporation has executed a regulatory agreement with hud which governs the operation of the project with the federal housing administration (fha) section of hud. the corporation has also entered into a project rental assitance contract (prac) with hud. the prac contract is a rent assistance program for low-income families or persons as provided by the section 8 program of the national housing act.”.
- The non-profit's legally reported state of operation is IN.
- The filing states that the non-profit's address in the year 2020 is PO BOX 809, GOSHEN, IN, 46527.
- The form submitted by the non-profit for 2020 shows a total of 0 employees.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is less than $100,000.
- Revenue less expenses is -$15,513.
- The organization has 16 independent voting members.
- The organization was formed in 2002.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.