OAKLAWN APARTMENTS INC

EIN: 311009854 501(c)(3) Housing & Shelter

GOSHEN, IN

Total Revenue
$296,468
Total Expenses
$264,962
Total Assets
$535,559
Net Assets
$-145,884
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
IN
Principal Officer
LAURIE N NAFZIGER
Phone
5742349923
Tax Period
2024-07-01 to 2025-06-30

OAKLAWN APARTMENTS INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $296K in total revenue in fiscal year 2024. Expenses of $265K left a modest 11% surplus.

Mission

OAKLAWN APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE APARTMENT COMMUNITIES IN ELKHART, INDIANA KNOWN AS OAKLAWN APARTMENTS I AND II. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $143,910
Program Service Revenue $129,659
Investment Income $1,786
Other Revenue $21,113
TOTAL REVENUE $296,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $171,605
Other Expenses $264,962
TOTAL EXPENSES $264,962

Year-over-Year Comparison

2024 2023 Change
Revenue $296,468 $278,851 +0.1%
Expenses $264,962 $272,819 0.0%
Net Income $31,506 $6,032 +4.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
17

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
6
$539,933
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH PATURALSKI CHAIR 0.50
Officer Director
$0 $0 $0
CHRISTOPHER KARAM TREASURER 0.50
Officer Director
$0 $0 $0
MARION FULCE SECRETARY 0.50
Officer Director
$0 $0 $0
JULIE VELDMAN HARRIS ASSISTANT SECRETARY 0.50
Officer Director
$0 $0 $0
KEN HOCHSTETLER DIRECTOR 0.50
Director
$0 $0 $0
MIKE YODER DIRECTOR 0.50
Director
$0 $0 $0
DARRYL RIEGSECKER DIRECTOR 0.50
Director
$0 $0 $0
ESLEEN FULTZ DIRECTOR 0.50
Director
$0 $0 $0
JEFF SIEGEL DIRECTOR 0.50
Director
$0 $0 $0
KIMBERLY GREEN REEVES DIRECTOR 0.50
Director
$0 $0 $0
BRAD ROGERS DIRECTOR 0.50
Director
$0 $0 $0
LISA WINE DIRECTOR 0.50
Director
$0 $0 $0
ANDY MARSHALL DIRECTOR 0.50
Director
$0 $0 $0
BRYAN TANNER DIRECTOR 0.50
Director
$0 $0 $0
JASON SCHULTZ DIRECTOR 0.50
Director
$0 $0 $0
JESSICA BROOKSHIRE DIRECTOR 0.50
Director
$0 $0 $0
KORY VITANGELI DIRECTOR 0.50
Director
$0 $0 $0
LAURIE N NAFZIGER PRESIDENT & CEO 1.00
Officer
$0 $56,350 $364,121
JOSEPH BARKMAN CFO 1.00
Officer
$0 $31,049 $175,812
DANIEL KINSEY MD PHYSICIAN 1.00
Highest
$0 $69,019 $407,253
SHARESE SWAFFORD VP OF INTENSIVE SERVICES 1.00
Highest
$0 $51,079 $320,071
MICHAEL PLATT MD PHYSICIAN 1.00
Highest
$0 $58,469 $336,546
TIMOTHY MCFADDEN MD PHYSICIAN 1.00
Highest
$0 $51,423 $326,472
DAVID TAYLOR MD PHYSICIAN 1.00
Highest
$0 $56,252 $343,958
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 $296,468 $264,962 $535,559 $31,506
2024 $278,851 $272,819 $540,512 $6,032
2023 $285,411 $246,588 $552,407 $38,823
2022 $282,562 $300,505 $528,617 $-17,943
2021 $269,125 $227,497 $580,838 $41,628
2020 $269,785 $246,784 $570,148 $23,001
2019 $265,569 $222,714 $551,367 $42,855
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