Oaklake Community Housing Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,788,388 | 4,234,558 | −1,446,170 | 13.0 | 0% |
| 2020 | 3,599,529 | 696,491 | 2,903,038 | 108.0 | 23% |
| 2021 | 6,398,333 | 1,109,066 | 5,289,267 | 112.0 | 18% |
| 2022 | 1,423,886 | 1,958,211 | −534,325 | 89.4 | 0% |
| 2023 | 2,918,153 | 807,957 | 2,110,196 | 273.5 | 0% |
In its most recent public year (2023), this organization brought in $2,110,196 more than it spent. Its reserves stood at about 273.5 months of spending, up from 13 in 2019. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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