Oaklake Community Housing Development Corporation

Analysis

Oaklake Community Housing Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oaklake Community Housing Development Corporation reported income of $2.9m and spending of $808k, leaving 72% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $3.1m to $2.9m (-5.8%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oaklake Community Housing Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Residences at Sherburne Commons Inc ($2.9m), World Learner School of Chaska ($2.9m) and Build Wyco Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 62% of the total. At year end it held assets of $18.4m against liabilities of $28k, net assets of $18.4m.