Oakland Housing Inc

Organization Overview

Oakland Housing Inc is located in Birmingham, MI. The organization was established in 1938. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Oakland Housing Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland Housing Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2022, Oakland Housing Inc generated $708.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $716.9k during the year ending 06/2022. While expenses have increased by 13.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HOUSING ASSISTANCE FOR MIDDLE INCOME FAMILIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OVERALL PURPOSE OF THE ORGANIZATION IS TO ASSIST REGULARLY EMPLOYED FAMILY UNITS IN THE ACQUISITION OF LIVING ACCOMMODATIONS IN A RURAL,SUBURBAN OR CITY ENVIRONMENT WHEREIN BECAUSE OF FINANCIAL LIMITATIONS, THE HOUSING NEEDS OF SUCH FAMILY UNITS ARE NOT BEING SATISFACTORILY MET IN THE CURRENT MARKET PLACE. THE ORGANIZATION ASKS FOR A MINIMUM DOWNPAYMENT WITH MONTHLY LAND CONTRACT/MORTGAGE PAYMENTS. SINCE INCEPTION, THE ORGANIZATION HAS COMPLETED 7 SUCH HOUSING PROJECTS WITH SALES PRICES EXCEEDING 13,000,000.


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Board, Officers & Key Employees

Name (title)Compensation
Kate Baker
Executive Di
$138,600
Linda Braden
Assistant Se
$60,278
Jeff Kragt
Secreatary
$0
Geoffrey Hockman
Chairman
$0
John Frasco
Vice Preside
$0
Chris Yaw
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$346,908
Investment income $115,814
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $245,673
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $708,395

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