Oakland Estates Apartments Inc

Analysis

Oakland Estates Apartments Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Oakland Estates Apartments Inc reported income of $69k and spending of $90k, spending 131% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $71k to $69k (-3.1%), an average of -1.0% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oakland Estates Apartments Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within IN. Charities of a similar size with the same main cause include Housing Preservation Corporation ($69k), University Court Inc ($69k) and Josiah Place Inc ($69k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $700k against liabilities of $20k, net assets of $680k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.