OIKOS DEVELOPMENT CORPORATION (EIN 832398791) - 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

2018

Legal Domicile

Principal Officer

MICHAEL SNODGRASS

Phone

8163524258

Tax Period

2023-01-01 to 2023-12-31

OIKOS DEVELOPMENT CORPORATION, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $296K, a strong 17% operating margin.

Mission

TO PROVIDE LOW-INCOME PERSONS WITH AFFORDABLE HOME OWNERSHIP AND RENTAL HOUSING OPPORTUNITIES AND ANY OTHER RELATED AFFORDABLE HOUSING, ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES.

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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 $111,374

Program Service Revenue $1,653,431

Investment Income $2,351

Other Revenue $-64,472

TOTAL REVENUE $1,702,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $947,005

Fundraising Expenses $54,623

Program Expenses $1,078,196

Other Expenses $460,056

TOTAL EXPENSES $1,407,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,702,684	$1,975,356	-0.1%
Expenses	$1,407,061	$1,356,805	+0.0%
Net Income	$295,623	$618,551	-0.5%

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

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

$562,136

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NESTOR ZULUAGA	CHAIR	2.00	Director	$0	$0	$0
TIM BYERS	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
LEON GRAY	VICE CHAIR	2.00	Director	$0	$0	$0
DIVA ESPARZA	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMIKA PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL SNODGRASS	EXECUTIVE DIRECTOR	40.00	Officer	$561,069	$1,067	$562,136

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	$1,702,684	$1,407,061	$21,621,068	$295,623
2022	$1,975,356	$1,356,805	$11,560,094	$618,551
2022	$1,340,143	$1,122,690	$12,685,065	$217,453
2021	$847,354	$710,594	$4,592,532	$136,760
2020	$651,985	$360,944	$1,202,944	$291,041
2019	$235,669	$134,007	$419,274	$101,662

OIKOS DEVELOPMENT CORPORATION