OAK PARK RESIDENCE CORPORATION (EIN 362666771) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

DAVID G POPE

Phone

7083866061

Tax Period

2024-01-01 to 2024-12-31

OAK PARK RESIDENCE CORPORATION, founded in 1979, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROMOTE THE PROGRESS AND GENERAL WELFARE OF THE RESIDENTS OF THE VILLAGE OF OAK PARK, ILLINOIS BY IMPROVING OR CAUSING TO BE IMPROVED SUBSTANDARD OAK PARK HOUSING STOCK AND DEVELOPING PROJECTS AND ACTIVITIES FOR THE PREVENTION AND ELIMINATION OF BLIGHT INFLUENCE AND IN COOPERATION WITH GOVERNMENT AND CIVIC BODIES FOR THE PREVENTION AND ELIMINATION OF RACIAL AND ETHNIC PREJUDICE AND DISCRIMINATION. THE ORGANIZATION ALSO ASSISTS THE LOCAL GOVERNMENT IN IMPLEMENTING ITS FAIR HOUSING ORDINANCE, INSTRUCTS AND COUNCELS INDIVIDUALS AND GROUPS ON HOUSING MANAGEMENT STANDARDS, HOUSING REHABILITATION TECHNIQUES AND IMPROVEMENT OF RESIDENTIAL PROPERTIES TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES TO MEET THEIR PHYSICAL NEEDS TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $895,291

Program Service Revenue $9,707,444

Investment Income $17,336

Other Revenue $0

TOTAL REVENUE $10,620,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,761,520

Fundraising Expenses $0

Program Expenses $8,363,142

Other Expenses $8,760,793

TOTAL EXPENSES $10,522,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,620,071	$10,140,044	+0.0%
Expenses	$10,522,313	$10,648,411	0.0%
Net Income	$97,758	$-508,367	-1.2%

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$246,294

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID G POPE	CEO	35.00	Officer	$185,872	$0	$246,294
DARIAN BLOOM	DIRECTOR	1.00	Director	$0	$0	$0
RYAN VON DREHLE	DIRECTOR	1.00	Director	$0	$0	$0
PETER GONZALEZ	TREASURER	1.00	Officer Director	$0	$0	$0
MAJORIE GREENWALD	SECRETARY	1.00	Officer Director	$0	$0	$0
NANCY LEAVY	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE PIERCE	CHAIR	1.00	Officer Director	$0	$0	$0
CODY POWELL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STRATMAN	VICE CHAIR	1.00	Officer 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	$10,620,071	$10,522,313	$55,204,603	$97,758
2023	$10,140,044	$10,648,411	$45,218,271	$-508,367
2022	$9,778,703	$10,530,827	$42,582,613	$-752,124
2021	$10,429,189	$10,108,303	$43,726,959	$320,886
2020	$9,065,981	$9,274,991	$44,957,612	$-209,010
2019	$7,540,550	$7,673,451	$29,963,998	$-132,901
2018	$7,356,449	$7,658,726	$30,527,285	$-302,277

OAK PARK RESIDENCE CORPORATION