Golden Oaks Apartments Inc
Golden Oaks Apartments Inc. consistently operates at a deficit, drawing down assets while maintaining low liabilities and no executive compensation.
EIN: 204045133 · Cookeville, TN · NTEE: L11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $113K |
| Total Expenses | $151K |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Golden Oaks Apartments Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Golden Oaks Apartments Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Golden Oaks Apartments Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $116K and expenses of $151K.
Revenue and Expenses
Golden Oaks Apartments Inc reported $116K in revenue and $151K in expenses, a deficit of $36K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Golden Oaks Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $129K (85%) |
Across stored filings, Golden Oaks Apartments Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Domino's Franchisee Forum | Tennessee and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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All Category L
Local and Sector Spokes
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Cookeville, TN nonprofitsCategory L in Tennessee
Human Services in Tennessee
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Keep the Investigation Moving
Golden Oaks Apartments Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Golden Oaks Apartments Inc
Golden Oaks Apartments Inc (EIN: 204045133) is a nonprofit organization based in Cookeville, TN, classified under NTEE code L11. The organization reported total revenue of $113K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golden Oaks Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golden Oaks Apartments Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $151K |
| Surplus / Deficit | $-35,742 |
| Total Assets | $1.2M |
| Total Liabilities | $20K |
| Net Assets | $1.2M |
| Operating Margin | -30.9% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 95.0 months |
Financial Health Grade: B
In 2024, Golden Oaks Apartments Inc reported a deficit of $36K with expenses exceeding revenue, holds 95.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Golden Oaks Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.2% | -5.6% | -2.5% |
| 2023 | +1.9% | +15.0% | -4.9% |
| 2022 | -1.9% | -1.0% | -2.9% |
| 2021 | +1.0% | +3.2% | -3.1% |
| 2020 | +8.0% | -3.4% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Golden Oaks Apartments Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Golden Oaks Apartments Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization. This is a strong positive for an organization of its size, suggesting all revenue is directed towards operational and programmatic expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Golden Oaks Apartments Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in every reported period, leading to a steady decline in assets.
- Declining asset base: Assets have decreased from $1,573,573 in 2015 to $1,197,287 in 2024, indicating a reliance on reserves to cover operational costs.
Strengths
The following positive indicators were identified for Golden Oaks Apartments Inc:
- Zero executive compensation: No officer compensation reported across all filings, demonstrating a strong commitment to mission-focused spending.
- Low liabilities: Liabilities remain consistently low (e.g., $20,152 in 2024), indicating responsible financial management despite operating deficits.
- Clear program focus: The NTEE code (L11) and organization name clearly indicate a focus on providing housing for vulnerable populations.
Frequently Asked Questions about Golden Oaks Apartments Inc
Is Golden Oaks Apartments Inc a legitimate charity?
Golden Oaks Apartments Inc (EIN: 204045133) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $113K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Golden Oaks Apartments Inc spend its money?
Golden Oaks Apartments Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Golden Oaks Apartments Inc tax-deductible?
Golden Oaks Apartments Inc is registered as a tax-exempt nonprofit (EIN: 204045133). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Golden Oaks Apartments Inc's spending goes to programs?
Golden Oaks Apartments Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Golden Oaks Apartments Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Golden Oaks Apartments Inc is above average for NTEE category L11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Golden Oaks Apartments Inc located?
Golden Oaks Apartments Inc is headquartered in Cookeville, Tennessee and files with the IRS under EIN 204045133. It is classified under NTEE code L11.
How many years of IRS 990 filings does Golden Oaks Apartments Inc have?
Golden Oaks Apartments Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $113K in total revenue.
Is Golden Oaks Apartments Inc. financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earns, with expenses exceeding revenue by approximately $30,000-$60,000 annually over the last decade. While assets have been drawn down from $1,573,573 in 2015 to $1,197,287 in 2024, the low liabilities suggest it's not accumulating debt. Its long-term sustainability depends on either increasing revenue or reducing expenses to balance its budget.
What is the primary source of Golden Oaks Apartments Inc.'s revenue?
Based on the NTEE code (L11 - Housing for the Elderly, Handicapped, or Poor) and the organization's name, it is highly probable that the primary source of revenue is rental income from its apartments, potentially supplemented by government subsidies or grants for affordable housing.
How does Golden Oaks Apartments Inc. manage to operate with consistent deficits without accumulating significant debt?
The organization has been covering its operating deficits by utilizing its existing asset base. While this is sustainable in the short to medium term, a continued trend without new revenue streams or expense reductions will eventually deplete its assets.
Filing History
IRS 990 filing history for Golden Oaks Apartments Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Golden Oaks Apartments Inc's revenue has grown by 107%, moving from $56K to $116K. Total assets decreased by 29.8% over the same period, from $1.7M to $1.2M. Total functional expenses rose by 57.6%, from $96K to $151K. In its most recent filing year (2024), Golden Oaks Apartments Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $20K in liabilities against $1.2M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $116K | $151K | $1.2M | $20K | — | — |
| 2023 | $99K | $160K | $1.2M | $15K | — | — |
| 2022 | $98K | $139K | $1.3M | $16K | — | View 990 |
| 2021 | $99K | $141K | $1.3M | $13K | — | View 990 |
| 2020 | $99K | $136K | $1.4M | $14K | — | View 990 |
| 2019 | $91K | $141K | $1.4M | $12K | — | View 990 |
| 2018 | $96K | $130K | $1.5M | $13K | — | View 990 |
| 2017 | $94K | $131K | $1.5M | $10K | — | View 990 |
| 2016 | $92K | $138K | $1.5M | $13K | — | View 990 |
| 2015 | $95K | $127K | $1.6M | $12K | — | View 990 |
| 2014 | $76K | $104K | $1.6M | $22K | — | View 990 |
| 2013 | $74K | $104K | $1.6M | $24K | — | View 990 |
| 2012 | $67K | $101K | $1.7M | $21K | — | View 990 |
| 2011 | $56K | $96K | $1.7M | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $116K, expenses of $151K, and assets of $1.2M (revenue +16.2% year-over-year).
- 2023: Revenue of $99K, expenses of $160K, and assets of $1.2M (revenue +1.9% year-over-year).
- 2022: Revenue of $98K, expenses of $139K, and assets of $1.3M (revenue -1.9% year-over-year).
- 2021: Revenue of $99K, expenses of $141K, and assets of $1.3M (revenue +1.0% year-over-year).
- 2020: Revenue of $99K, expenses of $136K, and assets of $1.4M (revenue +8.0% year-over-year).
- 2019: Revenue of $91K, expenses of $141K, and assets of $1.4M (revenue -4.6% year-over-year).
- 2018: Revenue of $96K, expenses of $130K, and assets of $1.5M (revenue +1.2% year-over-year).
- 2017: Revenue of $94K, expenses of $131K, and assets of $1.5M (revenue +2.5% year-over-year).
- 2016: Revenue of $92K, expenses of $138K, and assets of $1.5M (revenue -3.0% year-over-year).
- 2015: Revenue of $95K, expenses of $127K, and assets of $1.6M (revenue +24.9% year-over-year).
- 2014: Revenue of $76K, expenses of $104K, and assets of $1.6M (revenue +3.2% year-over-year).
- 2013: Revenue of $74K, expenses of $104K, and assets of $1.6M (revenue +10.3% year-over-year).
- 2012: Revenue of $67K, expenses of $101K, and assets of $1.7M (revenue +19.6% year-over-year).
- 2011: Revenue of $56K, expenses of $96K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golden Oaks Apartments Inc:
Data Sources and Methodology
This transparency report for Golden Oaks Apartments Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.