Overview
What is Oak Center Towers?
Oak Center Towers (OCT) is a California-based nonprofit organization, established in 1971. Its primary mission is to serve as the general partner for a senior housing project located in West Oakland, California. The project, which houses 196 units for elderly or disabled individuals, aims to provide affordable residential accommodations and associated social services. In 2005, OCT sold its interest in the project to Oak Centers, L.P. as part of a Low-Income Housing Tax Credit transaction, in order to fund a substantial rehabilitation. OCT remains the sole general partner of Oak Centers, L.P., and has contributed financially and committed to a long-term loan to support the project. The organization, with a staff of 11 employees, serves a total of 215 individuals annually.
Official website here: www.covia.org
Is Oak Center Towers legitimate?
Oak Center Towers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Center Towers submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.covia.org
What is the mission statement of Oak Center Towers?
Oak Center Towers serves as the general partner for a senior housing project, providing affordable residential units for elderly or disabled individuals. Their mission is to help finance and manage a 196-unit complex, offering associated social services to its residents. The organization's primary goal is to support Oak Centers, L.P., which operates the complex in Oakland, California, ensuring the well-being and care of its inhabitants. Through this partnership, Oak Center Towers contributes capital and long-term loans, contributing to the substantial rehabilitation of the project, ultimately serving over 200 people annually.
Official website here: www.covia.org
Who is the CEO of Oak Center Towers?
Eduardo Salvador is the Chairman of Oak Center Towers. The CEO's salary of Oak Center Towers is $0 and their total compensation is $223,210.
Official website here: www.covia.org
What is the revenue of Oak Center Towers?
Who are the executives of Oak Center Towers and what are their salaries?
Here are 18 key members and their salaries (Oak Center Towers's CEO's salary is $0 and their total compensation is $223,210):
- Woodward John (Ceo)
- Salvador Eduardo (Cfo)
- Olson Kari (Chief Innov & Tech Officer)
- Schaefer Ronald (Coo (Thru 2/22))
- Jamison Diana (Chief Capital Strategies Officer)
- Butler Joseph (Corporate Counsel)
- Burton Desiree (Chief Hr Officer)
- Mcmullin Mary (Chief Strategy/Adv. Officer)
- Casey Jonathan (Secretary/Vp Of Finance)
- Sultan Karim (Vp Of Affordable Housing)
- Gerber Kevin (Former President, Ceo)
- Emslie Stephen (Chairman) [Trustee/Director]
- Mcgovern Marion (Vice Chairman) [Trustee/Director]
- Carlson Robert (Director)
- Donnelly Ken (Director)
- Koeker Kevin (Director)
- Murphy Kyle Ann (Director (Thru 10/21))
- Peters William (Director)
Official website here: www.covia.org
Where can I find the form 990 for Oak Center Towers?
The Oak Center Towers’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.covia.org
Learn more at the official website: www.covia.org
Mission Statement of Oak Center Towers
Oak Center Towers, established under California's state laws, serves as the general partner for a senior housing project. Its mission is to facilitate financing and act as the general partner for Oak Centers, L.P., an entity that operates a 196-unit affordable residential complex for elderly or disabled individuals in Oakland, California. This complex also provides associated supporting social services. In June 2005, Oak Center Towers sold its interest in the project to Oak Centers, L.P., as part of a Low-Income Housing Tax Credit transaction. The main purpose of this transaction was to generate funds for a substantial rehabilitation of the project. Oak Center Towers remains the sole general partner of Oak Centers, L.P., and holds a minimal 0.01% interest. The organization also contributed $1,200,000 in capital and committed to a long-term loan totaling $3,805,437. During the year, Oak Center Towers served a total of 215 individuals.
Impact
This information is meant to be a general summary of Oak Center Towers. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
Oak Center Towers has had a significant impact by serving as the general partner for a senior housing project in West Oakland, California. This organization was involved in the operation of a 196-unit affordable residential complex for elderly or disabled persons in Oakland, providing crucial social services to support the residents. The sale of its interest in the project enabled a substantial rehabilitation to be undertaken, enhancing the living conditions for the residents. Additionally, Oak Center Towers' commitment to financing and overseeing this housing project has benefited a total of 215 individuals within the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD ASSISTANCE INCOME
Revenue
$4,084,245
OCLP HOUSING LOAN INT.
Revenue
$190,272
Organization Details
Founding Year
1972
Phone
(925) 956-7370
Principal Officer
Eduardo Salvador
Main Address
2185 N CALIFORNIA BLVD 215, WALNUT CREEK, CA, 94596
Website
www.covia.org
NTEE Category
Code: L22 - Housing
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