OAKLAND ESTATES APARTMENTS INC (EIN 383646840) - 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

2002

Legal Domicile

Principal Officer

LAURIE NAFZIGER

Phone

5742376000

Tax Period

2024-04-01 to 2025-03-31

OAKLAND ESTATES APARTMENTS INC, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $75K in total revenue in fiscal year 2024. Expenses of $97K exceeded revenue, resulting in a 30% operating deficit.

Mission

OAKLAND ESTATES APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT CORPORATION AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 12 UNIT APARTMENT COMMUNITY IN ELKHART, INDIANA, KNOWN AS OAKLAND ESTATES APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSITANCE CONTRACT (PRAC) WITH HUD. THE PRAC 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $48,333

Program Service Revenue $25,978

Investment Income $12

Other Revenue $180

TOTAL REVENUE $74,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,840

Other Expenses $96,976

TOTAL EXPENSES $96,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,503	$70,856	+0.1%
Expenses	$96,976	$104,977	-0.1%
Net Income	$-22,473	$-34,121	-0.3%

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

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

$539,933

Total Directors

Key Employees

Highest Compensated

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	$74,503	$96,976	$650,872	$-22,473
2024	$70,856	$104,977	$678,789	$-34,121
2023	$68,808	$90,197	$700,160	$-21,389
2022	$73,282	$109,360	$724,653	$-36,078
2021	$71,649	$81,948	$746,008	$-10,299
2020	$71,020	$82,209	$759,018	$-11,189
2019	$67,106	$82,619	$768,730	$-15,513

OAKLAND ESTATES APARTMENTS INC