OAK GROVE DEVELOPMENT CORPORATION (EIN 271636147) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Legal Domicile

Principal Officer

LILY WALTON

Phone

2173787100

Tax Period

2023-01-01 to 2023-12-31

OAK GROVE DEVELOPMENT CORPORATION is a community nonprofit in the Housing & Shelter sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 1494% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 100% operating margin.

Mission

To create, preserve, revitalize and pursue affordable housing and community development opportunities that serve a diverse mix of households, to entertain, through partnerships or through consultative services, affordable housing activity throughout the State of Connecticut, to seek to promote a viable and dynamic community through leadership and collaborative activities, and to focus on maintaining and managing quality housing and providing residential services that afford our residents the opportunity to achieve personal growth and financial independence.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,187,690

Program Service Revenue $461,881

Investment Income $168

Other Revenue $-159

TOTAL REVENUE $3,649,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,835

Other Expenses $1,835

TOTAL EXPENSES $1,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,649,580	$228,947	+14.9%
Expenses	$1,835	$3,853	-0.5%
Net Income	$3,647,745	$225,094	+15.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$212,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILY WALTON	CEO	2.00	Officer	$0	$18,088	$212,913
REVEREND RICKEY PARKS	Vice President	0.25	Officer Director	$0	$0	$0
TODD SALEN	Director	0.25	Director	$0	$0	$0
DR GRANT HENRY	President	0.25	Officer Director	$0	$0	$0
BAILEE VANANTWERP	Director	0.25	Director	$0	$0	$0
PETER MCFARLAND	Director	0.25	Director	$0	$0	$0
REBECCA OBUCHOWSKI	Director	0.25	Director	$0	$0	$0
LINDA TURNBULL	Resident Advisr	0.25	Director	$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
2024	No data	No data	No data	No data
2023	$3,649,580	$1,835	$7,503,257	$3,647,745
2022	$228,947	$3,853	$3,873,131	$225,094
2021	$80,091	$16,124	$3,665,652	$63,967
2020	$230,983	$894	$3,619,463	$230,089
2019	$142,064	$102,345	$3,407,152	$39,719
2018	$1,643,670	$681	$3,385,892	$1,642,989

OAK GROVE DEVELOPMENT CORPORATION