Shepherd Oak Apartments Inc

Analysis

Shepherd Oak Apartments Inc is a registered charity in United States, based in Sauk Rapids, MN. It received its IRS tax-exemption ruling in June 1994, 32 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 December 2023, Shepherd Oak Apartments Inc reported income of $384k and spending of $438k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $354k to $384k (+8.4%), an average of +2.0% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shepherd Oak Apartments Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include BHS Community Development Corporation ($384k), RVM Bend Housing Corporation ($385k) and Hineshouse Property Management and Maintenance Services Inc ($384k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $102k. At year end it held assets of $1.4m against liabilities of $2.6m, net assets of -$1.2m.

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.