OAKLAND HOUSING INC

EIN: 380888880

BIRMINGHAM, MI

Total Revenue
$650,135
Total Expenses
$575,768
Total Assets
$10,557,426
Net Assets
$10,402,660
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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
1935
Legal Domicile
MI
Principal Officer
JEFF KRAGT
Phone
2486474882
Tax Period
2024-07-01 to 2025-06-30

OAKLAND HOUSING INC, founded in 1935, is a small nonprofit that reported $650K in total revenue in fiscal year 2024. Revenue surged 125% from the prior year, signaling strong growth momentum. Expenses of $576K left a modest 11% surplus.

Mission

HOUSING ASSISTANCE FOR MIDDLE INCOME FAMILIES

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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 $0
Program Service Revenue $105,621
Investment Income $544,514
Other Revenue $0
TOTAL REVENUE $650,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $283,101
Fundraising Expenses $0
Program Expenses $477,211
Other Expenses $292,667
TOTAL EXPENSES $575,768

Year-over-Year Comparison

2024 2023 Change
Revenue $650,135 $289,032 +1.2%
Expenses $575,768 $435,678 +0.3%
Net Income $74,367 $-146,646 -1.5%
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

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Governance

Voting Members
12
Independent Members
12
Employees
2
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
7
$77,488
Total Directors
13
$160,801
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE BAKER EXECUTIVE DI 40.00
Director
$160,801 $0 $160,801
LINDA HILL ASSISTANT SE 40.00
Officer
$77,488 $0 $77,488
ADAM CLOUS BOARD MEMBER N/A
Director
$0 $0 $0
SUSAN DIEHL BOARD MEMBER N/A
Officer Director
$0 $0 $0
STACY ESBROOK BOARD MEMBER N/A
Director
$0 $0 $0
JOHN FRASCO VICE PRESIDE N/A
Officer Director
$0 $0 $0
ELLIOTT HALL BOARD MEMBER N/A
Director
$0 $0 $0
GEOFFREY HOCKMAN CHAIRMAN N/A
Officer Director
$0 $0 $0
T HART MECKE III TREASURER N/A
Officer Director
$0 $0 $0
JEFF KRAGT SECRETARY N/A
Officer Director
$0 $0 $0
KEEGAN MAHONEY BOARD MEMBER N/A
Director
$0 $0 $0
RACHEL PERSCHETZ BOARD MEMBER N/A
Director
$0 $0 $0
FRANK RONEY BOARD MEMBER N/A
Director
$0 $0 $0
CHRIS YAW PRESIDENT N/A
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
2025 $650,135 $575,768 $10,557,426 $74,367
2024 $289,032 $435,678 $10,251,354 $-146,646
2023 $158,166 $478,386 $9,670,155 $-320,220
2022 $708,395 $716,895 $9,320,989 $-8,500
2021 $3,411,031 $4,393,339 $10,883,523 $-982,308
2020 $100,254 $377,249 $10,913,207 $-276,995
2019 $717,729 $399,766 $11,193,986 $317,963
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