OAK-MICHIGAN HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 753201519 501(c)(3)

BUFFALO, NY

Total Revenue
$5,703,203
Total Expenses
$152,990
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
DEACON ARCHIE MARTIN
Phone
7168541251
Tax Period
2021-11-01 to 2022-10-31

OAK-MICHIGAN HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2005, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2021. Revenue surged 225% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 97% operating margin.

Mission

TO PROVIDE HOUSING TO PERSONS OF LOW INCOME THROUGH THE ASSISTANCE OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $139,987 Revenue: $224,657

TO PROVIDE HOUSING TO PERSONS OF LOW INCOME THROUGH THE ASSISTANCE OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $224,567
Investment Income $5,478,636
Other Revenue $0
TOTAL REVENUE $5,703,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,283
Fundraising Expenses $0
Program Expenses $139,987
Other Expenses $151,707
TOTAL EXPENSES $152,990

Year-over-Year Comparison

2021 2020 Change
Revenue $5,703,203 $1,752,205 +2.3%
Expenses $152,990 $1,693,806 -0.9%
Net Income $5,550,213 $58,399 +94.0%
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

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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
8
Independent Members
8
Employees
N/A
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEACON ARCHIE MARTIN CO-CHAIRMAN 2.00
Officer Director
$0 $0 $0
PASTOR MICHAEL CHAPMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
PATRICIA KING SECRETARY 2.00
Officer Director
$0 $0 $0
REBECCA JONES TREASURER 2.00
Officer Director
$0 $0 $0
SISTER GWENDOLYN VIERA RECORDER 2.00
Director
$0 $0 $0
LARRY WEBSTER DIRECTOR 2.00
Director
$0 $0 $0
CLARENCE SIMMONS SR DIRECTOR 2.00
Director
$0 $0 $0
SYLVESTER JOHNSON DIRECTOR 2.00
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
2022 $5,703,203 $152,990 No data $5,550,213
2021 $1,752,205 $1,693,806 $2,822,054 $58,399
2020 $1,665,392 $1,744,220 $2,703,322 $-78,828
2019 $1,654,383 $1,731,581 $2,787,404 $-77,198
2018 $1,590,989 $1,839,349 $2,819,124 $-248,360
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