OAK HAVEN APARTMENTS INC C/O HANDS

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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

2005

Legal Domicile

Principal Officer

MATTHEW W GOOD

Phone

8144533333

Tax Period

2024-04-01 to 2025-03-31

OAK HAVEN APARTMENTS INC C/O HANDS, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $196K in total revenue in fiscal year 2024. Expenses of $250K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE AND MAINTAIN 22 ATTRACTIVE AND AFFORDABLE RENTAL HOUSING FOR QUALIFIED ELDERLY INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $217,825 Revenue: $102,135

OAK HAVEN APARTMENTS, INC., THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) PROVIDES ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO QUALIFIED ELDERLY INDIVIDUALS IN...

OAK HAVEN APARTMENTS, INC., THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) PROVIDES ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO QUALIFIED ELDERLY INDIVIDUALS IN WATERFORD, PA.

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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 $90,202

Program Service Revenue $99,481

Investment Income $3,790

Other Revenue $2,654

TOTAL REVENUE $196,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,825

Other Expenses $249,755

TOTAL EXPENSES $249,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,127	$196,661	0.0%
Expenses	$249,755	$261,117	0.0%
Net Income	$-53,628	$-64,456	-0.2%

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

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
MELISSA GRUCZA	CHAIR	1.00	Officer Director	$0	$0	$0
JOE BLOOMSTINE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CINDY K STONE	TREASURER	1.00	Officer Director	$0	$0	$0
SISTER MARIANNE STUCKERT	SECRETARY	1.00	Officer Director	$0	$0	$0
ALMITRA CLERKIN	DIRECTOR THROUGH APR 2024	1.00	Director	$0	$0	$0
MICHELLE HARKINS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JARUSZEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MASSEY	DIRECTOR FROM APR 2024	1.00	Director	$0	$0	$0
SHARON RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
CECELIA SHATEM	DIRECTOR	1.00	Director	$0	$0	$0
RICK SHERBONDY	DIRECTOR FROM MAY 2024	1.00	Director	$0	$0	$0
JOHN VANTASSEL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VILLA	DIRECTOR	1.00	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	$196,127	$249,755	$1,349,404	$-53,628
2024	$196,661	$261,117	$1,395,220	$-64,456
2023	$183,413	$224,802	$1,431,952	$-41,389
2022	$178,807	$213,701	$1,478,609	$-34,894
2021	$156,723	$207,999	$1,507,588	$-51,276
2020	$152,389	$186,032	$1,556,573	$-33,643
2019	$163,969	$194,045	$1,595,255	$-30,076