Oaksatl Community Development Incorporated
- Assets
- $4.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 05/2017
- Data as of
- 06/2022
- EIN
- 82-0811019
Organization Overview
Oaksatl Community Development Incorporated is located in Atlanta, GA. The organization was established in 2017. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Oaksatl Community Development Incorporated employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaksatl Community Development Incorporated 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 06/2022, Oaksatl Community Development Incorporated generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 62.3% each year . All expenses for the organization totaled $642.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SEEKS TO COMBAT COMMUNITY DETERIORATION AND PROVIDE RELIEF FOR THE DISTRESSED AND UNDERPRIVILEGED BY PURCHASING, RENOVATING AND LEASING PROPERTIES LOCATED IN THE NEIGHBORHOODS OF ENGLISH AVENUE, VINE CITY AND THE SURROUNDING ATLANTA COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ACQUIRED 2 APARTMENT COMPLEXES AND ONE SINGLE FAMILY HOME WHICH TOTAL 26 UNITS. WE PLAN TO START RENOVATIONS FOR THESE LOW-INCOME HOUSING PROJECTS IN THE NEXT 2 YEARS. WE ASSIST WITH LOW-COST RENOVATIONS/CONSTRUCTION FOR CURRENT HOMEOWNERS IN ATLANTA NEIGHBORHOODS. WE CONTINUE TO PARTNER WITH WEST SIDE FUTURE FUND AND GROVE PARK RENEWAL ON DEVELOPMENT PROPERTY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff-Audry Joseph Board Member | Trustee | 20 | $3,000 |
Matt Maxwell President/sec | OfficerTrustee | 20 | $0 |
Terry Mchugh Chairman | OfficerTrustee | 1 | $0 |
Benjamin Gibson Treasurer | OfficerTrustee | 2 | $0 |
Hessel Baker Board Member | Trustee | 1 | $0 |
Benjamin Wills Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Randall Brothers Inc Construction | 6/29/22 | $195,368 |
Manuel Ruiz Concrete Construction Construction | 6/29/22 | $199,223 |
Y Amaro Construction Construction | 6/29/22 | $153,874 |
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 | $246,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,756 |
| Total Program Service Revenue | $831,470 |
| Investment income | $122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,078,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,533 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,115 |
| Compensation of current officers, directors, key employees. | $9,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,526 |
| Pension plan accruals and contributions | $3,184 |
| Other employee benefits | $32,621 |
| Payroll taxes | $12,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $526 |
| Fees for services: Accounting | $3,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,319 |
| Office expenses | $12,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,079 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,198 |
| Insurance | $52,448 |
| All other expenses | $39,935 |
| Total functional expenses | $642,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,857 |
| Savings and temporary cash investments | $122,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,915,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $51,935 |
| Other assets | $571,262 |
| Total assets | $4,055,029 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,037 |
| Secured mortgages and notes payable | $1,712,276 |
| Unsecured mortgages and notes payable | $307,266 |
| Other liabilities | $138,660 |
| Total liabilities | $2,168,239 |
| Net assets without donor restrictions | $1,876,790 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,055,029 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oaksatl Community Development Incorporated has recieved totaling $27,100.
| Awarding Organization | Amount |
|---|---|
Westside Future Fund Atlanta, GA PURPOSE: HOUSING | $26,100 |
Piedmont W Wayne Woody Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Non-Profit Housing Inc Sebring, FL | $4,619,692 | $2,081,317 |
Franklin Housing Collaborative Franklin, TN | $5,842,273 | $1,198,317 |
Housing Tonight Inc Atlanta, GA | $0 | $341,734 |
Oaksatl Community Development Incorporated Atlanta, GA | $4,055,029 | $1,078,348 |
Gainesville Housing Development & Management Corp Gainesville, FL | $1,986,928 | $588,752 |
Fair Housing Center Of The Greater Palm Beaches Lantana, FL | $970,414 | $1,327,275 |
Ucc Living Center Incorporated Chapel Hill, NC | $899,428 | $311,216 |
Soque River Watershed Association Inc Clarkesville, GA | $215,852 | $191,996 |
Atlanta Real Estate Collaborative Inc Atlanta, GA | $0 | $168,150 |
Central Florida Home For Good Inc Longwood, FL | $714,466 | $504,500 |
Brookhaven Housing Corporation Columbia, SC | $520,986 | $135,153 |
National Aids Housing Coalition Inc Birmingham, AL | $59,445 | $0 |