Oak Forest Apartments 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

1996

Legal Domicile

Phone

8057813088

Tax Period

2023-01-01 to 2023-12-31

Oak Forest Apartments Inc, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $40K in total revenue in fiscal year 2023. Expenses of $636K exceeded revenue, resulting in a 1500% operating deficit.

Mission

Provide affordable housing

Program Service Accomplishments

Program 1

Expenses: $635,704

To provide low-income rental housing as the .01% general partner in Storke Ranch Apartments, L.P. a California Limited Partnership which owns and operates Storke Ranch Apartments, a 36-unit housing complex located in Isla Vista,CA. In addition, to provide affordable rental housing as the .01% managing general partner in Belridge Street Associates, L.P., a California Limited Partnership, which owns and operates Belridge Street Apartments, a 12-unit apartment complex located in Oceano, California, in addition to provide affordable rental housing as the .01% managing general partner in Oceano Apartments Associates, L.P.,a California Limited Partnership which owns and operates La Brisa Marina Apartments,a 16-unit affordable rental housing complex located in Oceano, CA. In addition, to provide affordable rental housing as the .01% managing general partner in Templeton Place L.P., a California Limited Partnership which owns and operates Templeton Place Apartments, a 29-unit affordable rental housing complex located in Templeton, CA. In addition, to provide affordable rental housing as the .01% managing general partner in Los Adobes de Maria II, a California Limited Partnership which owns and operates Los Adobes de Maria II Apartments, a 52-unit affordable rental housing complex located in Santa Maria, CA. In addition, to provide affordable rental housing as the .01% managing general partner in Rio Vista Associates, a California Limited Partnership which owns and operates Riverview Apartments, an 80-unit affordable rental housing complex located in Guadalupe, CA. In addition to provide affordable rental housing as the 99.99% limited partner in Canyon Creek Limited Partnership, a California Limited Partnership, which owns and operates Canyon Creek Apartments, a 68-unit affordable rental housing complex located in Paso Robles, CA.

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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 $39,720

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $635,704

Other Expenses $635,704

TOTAL EXPENSES $635,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,720	$39,721	0.0%
Expenses	$635,704	$811,588	-0.2%
Net Income	$-595,984	$-771,867	-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
Dieter Eckert	Director	1.00	Director	$0	$0	$0
Karol Schulkin	Director	1.00	Director	$0	$0	$0
Nick Tompkins	Director	1.00	Director	$0	$0	$0
Sonia Kroth	Director	1.00	Director	$0	$0	$0
Jose Flores	Director	1.00	Director	$0	$0	$0
Paula Johnson	Director	1.00	Director	$0	$0	$0
Shelly Higginbotham	Chairman	1.00	Officer Director	$0	$0	$0
Hazel Davalos	Director	1.00	Director	$0	$0	$0
Kevin Clerici	Director	1.00	Director	$0	$0	$0
Julissa Pena	Director	1.00	Director	$0	$0	$0
Vito Gioiello	Vice President	1.00	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	$39,720	$635,704	$8,716,587	$-595,984
2022	$39,721	$811,588	$9,279,358	$-771,867
2021	$39,720	$768,005	$10,057,695	$-728,285
2020	$9,382,241	$39,775	$10,829,073	$9,342,466
2019	$1,074,964	$44,248	$1,482,811	$1,030,716