OAK-MICHIGAN HOUSING DEVELOPMENT FUND COMPANY INC (EIN 753201519) - 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

2005

Legal Domicile

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.

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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 (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

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

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

Total Directors

Key Employees

Highest Compensated

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

OAK-MICHIGAN HOUSING DEVELOPMENT FUND COMPANY INC