OAKWOOD RESIDENCE INC

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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

1989

Legal Domicile

Principal Officer

Alan Rock

Phone

7153946617

Tax Period

2024-04-01 to 2025-03-31

OAKWOOD RESIDENCE INC, founded in 1989, is a micro nonprofit that reported $90K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 14% operating deficit.

Mission

Creating homes by bringing safe and affordable housing opportunities to persons with disabilities in accordance with the charitable Works and traditions of the Roman Catholic Church. Works are carried out in accordance with Catholic Social teachings.

Program Service Accomplishments

Program 1

Expenses: $85,921 Revenue: $90,235

12 units of housing for chronically mentally ill people whose rents are subsidized by the U. S. Department of Housing and Urban Development which enables them to live independently in the community.

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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 $42,831

Program Service Revenue $46,677

Investment Income $103

Other Revenue $624

TOTAL REVENUE $90,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,505

Fundraising Expenses $0

Program Expenses $85,921

Other Expenses $77,577

TOTAL EXPENSES $103,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,235	$139,254	-0.4%
Expenses	$103,082	$104,429	0.0%
Net Income	$-12,847	$34,825	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Welch	President	1	Officer Director	$0	$0	$0
Dale Johnson	Vice President	1	Officer Director	$0	$0	$0
Sue Blank	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Jeffrey Urbaniak	Board Director	1	Director	$0	$0	$0
Tracy Allen	Board Director	1	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
2026	No data	No data	No data	No data
2025	$90,235	$103,082	$244,218	$-12,847
2024	$139,254	$104,429	$253,768	$34,825
2023	$78,152	$108,570	$268,518	$-30,418
2022	$82,934	$95,954	$239,611	$-13,020
2021	$84,393	$85,005	$255,708	$-612
2020	$84,220	$94,363	$253,183	$-10,143
2019	$83,384	$89,967	$266,403	$-6,583