Oakfield Housing Inc
- Assets
- $339.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 39-1877014
Organization Overview
Oakfield Housing Inc is located in Madison, WI. The organization was established in 1997. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakfield Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Oakfield Housing Inc generated $72.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $92.5k during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 9 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE LOW-INCOME HOUSING TO ELDERLY AND DISABLED PERSONS. THE WHPC BOARD OF DIRECTORS REPLACED THE FORMER BOARD IN APRIL 2010. AT THAT TIME, ONLY TWO OF THE NINE UNITS WERE OCCUPIED BY ELDERLY OR DISABLED PERSONS. AS OF DECEMBER 31, 2023, EIGHT OF THE TEN UNITS WERE OCCUPIED BY ELDERLY OR DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Erdman Director | 0.1 | $0 | |
Dan Kroetz Director | 0.1 | $0 | |
Richard A Hansen Secretary | 0.1 | $0 | |
James Carter Director | 0.1 | $0 | |
Erbert Johnson Treasurer | 0.1 | $0 | |
David Strelitz Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $68,721 |
| Membership dues | $0 |
| Investment income | $3,552 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,273 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,650 |
| Occupancy, rent, utilities, and maintenance | $46,062 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,766 |
| Total expenses | $92,478 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,716 |
| Other assets | $0 |
| Total assets | $338,991 |
| Total liabilities | $9,833 |
| Net assets or fund balances | $329,158 |