Oikos Development Corporation
- Assets
- $11.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Kansas City, MO
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 83-2398791
Organization Overview
Oikos Development Corporation is located in Kansas City, MO. The organization was established in 2018. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Oikos Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oikos Development Corporation 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 12/2022, Oikos Development Corporation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 78.4% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME PERSONS WITH AFFORDABLE HOME OWNERSHIP AND RENTAL HOUSING OPPORTUNITIES AND ANY OTHER RELATED AFFORDABLE HOUSING, ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW-INCOME PERSONS WITH AFFORDABLE HOME OWNERSHIP AND RENTAL HOUSING OPPORTUNITIES.
TO PROVIDE LOW-INCOME PERSONS WITH AFFORDABLE HOME OWNERSHIP AND RENTAL HOUSING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nestor Zuluaga Chair | Trustee | 2 | $0 |
Tim Byers Secretary/treasurer | Trustee | 2 | $0 |
Leon Gray Vice Chair | Trustee | 2 | $0 |
Diva Esparza Board Member | Trustee | 2 | $0 |
Tamika Phillips Board Member | Trustee | 2 | $0 |
Michael Snodgrass Executive Director | Officer | 40 | $403,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,887 |
| Total Program Service Revenue | $1,126,328 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $280,134 |
| 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 | $80,327 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,975,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $403,260 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,197 |
| Pension plan accruals and contributions | $38,921 |
| Other employee benefits | $38,112 |
| Payroll taxes | $46,846 |
| Fees for services: Management | $28,935 |
| Fees for services: Legal | $11,822 |
| Fees for services: Accounting | $38,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,830 |
| Advertising and promotion | $140 |
| Office expenses | $29,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,842 |
| Travel | $11,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,162 |
| Insurance | $34,052 |
| All other expenses | $1,304 |
| Total functional expenses | $1,356,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,272 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,659 |
| 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 | $4,275 |
| Net Land, buildings, and equipment | $3,407,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,671,461 |
| Total assets | $11,560,094 |
| Accounts payable and accrued expenses | $322,549 |
| Grants payable | $0 |
| Deferred revenue | $801 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,098,860 |
| Other liabilities | $11,250 |
| Total liabilities | $10,433,460 |
| Net assets without donor restrictions | $1,126,634 |
| Net assets with donor restrictions | $0 |
| 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 | $11,560,094 |