OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVE

EIN: 264374725 501(c)(3) Housing & Shelter

OAKLAND, CA

Total Revenue
$39,938,569
Total Expenses
$43,742,229
Total Assets
$164,976,147
Net Assets
$130,520,237
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
PATRICIA WELLS
Phone
5108741513
Tax Period
2024-07-01 to 2025-06-30

OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVE, founded in 2009, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.9M in total revenue in fiscal year 2024. Net assets of $130.5M represent 39 months of operating reserves.

Mission

TO (1) ACQUIRE, DEVELOP, LEASE, FINANCE, REHABILITATE, OWN AND OPERATE DECENT, SAFE AND SANITARY HOUSING AFFORDABLE TO PERSONS AND HOUSEHOLDS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS; (2) LESSEN THE BURDENS OF GOVERNMENT BY ACQUIRING LEASEHOLD OR FEE INTERESTS IN HOUSING FOR LOW INCOME PERSONS AND HOUSEHOLDS THAT WAS PREVIOUSLY OWNED BY THE OAKLAND HOUSING AUTHORITY (OHA) AS LOW INCOME PUBLIC HOUSING AND CONTINUING TO OPERATE IT AS HOUSING FOR LOW INCOME HOUSEHOLDS; (3) PROMOTE SOCIAL WELFARE THROUGH ACTIVITIES RELATED TO THE DEVELOPMENT OF HOUSING FOR LOW INCOME PERSONS AND HOUSEHOLDS, AND (4) TO CARRY OUT SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DETERMINES WILL BENEFIT AND SUPPORT THE ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,480,647
Investment Income $1,415,258
Other Revenue $42,664
TOTAL REVENUE $39,938,569

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $41,327,734
Other Expenses $43,742,229
TOTAL EXPENSES $43,742,229

Year-over-Year Comparison

2024 2023 Change
Revenue $39,938,569 $37,056,185 +0.1%
Expenses $43,742,229 $35,019,548 +0.2%
Net Income $-3,803,660 $2,036,637 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$303,592
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA WELLS SECRETARY 2.00
Officer
$0 $0 $303,592
ANNE GRIFFITH PRESIDENT 2.00
Officer
$0 $0 $0
MARK TORTORICH VICE PRESIDENT 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $39,938,569 $43,742,229 $164,976,147 $-3,803,660
2024 $37,056,185 $35,019,548 $148,059,520 $2,036,637
2023 $43,401,210 $33,712,073 $141,821,820 $9,689,137
2022 $39,471,657 $29,261,396 $137,710,124 $10,210,261
2021 $39,099,251 $29,169,559 $129,756,230 $9,929,692
2020 $37,891,171 $26,731,581 $121,561,882 $11,159,590
2019 $116,706,070 $23,166,839 $129,636,770 $93,539,231
2018 $63,577,976 $26,293,468 $33,060,028 $37,284,508
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVE with other nonprofits in California and across the country.