Oaklake Community Housing Developm… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

JOT Couch

Phone

7135266634

Tax Period

2023-01-01 to 2023-12-31

Oaklake Community Housing Development Corp, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 72% operating margin.

Mission

SUPPORT LOW INCOME HOUSING PROJECTS

Program Service Accomplishments

Program 1

Expenses: $282,198

the organization supports apartments that incorporate resident support service programs that addresses economic and eductionalneeds for over 100 families per year.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,815,521

Investment Income $1,102,632

Other Revenue $0

TOTAL REVENUE $2,918,153

Expense Breakdown

Grants Paid $256,201

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $282,198

Other Expenses $551,756

TOTAL EXPENSES $807,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,918,153	$1,423,886	+1.0%
Expenses	$807,957	$1,958,211	-0.6%
Net Income	$2,110,196	$-534,325	-4.9%

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

$142,162

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOT Couch	Executive Director	40.0	Key Emp	$0	$142,162	$142,162
dean o'kelley	sec/treas	1.0	Officer Director	$0	$0	$0
john kerby	board member	1.0	Director	$0	$0	$0
casey carson	pres.	1.0	Officer Director	$0	$0	$0
diana robojohns	board member	1.0	Director	$0	$0	$0
iva williamson	board member	1.0	Director	$0	$0	$0
Doug Thomas	vice president	1.0	Officer 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
2024	No data	No data	No data	No data
2023	$2,918,153	$807,957	$18,441,653	$2,110,196
2022	$1,423,886	$1,958,211	$14,581,430	$-534,325
2021	$6,398,333	$1,109,066	$10,930,649	$5,289,267
2020	$3,599,529	$696,491	$6,620,503	$2,903,038

Oaklake Community Housing Development Corp