OAKLAND ESTATES APARTMENTS INC Charity Report

Public IRS 990 nonprofit record

OAKLAND ESTATES APARTMENTS INC

EIN 38-3646840 · Housing Development, Construction & Management (L20)

What they do

OAKLAND ESTATES APARTMENTS, INC. is AN INDIANA NOT-FOR-PROFIT CORPORATION and WAS ORGANIZED to CONSTRUCT, OWN and OPERATE A 12 UNIT APARTMENT COMMUNITY IN ELKHART, INDIANA, KNOWN AS OAKLAND ESTATES APARTMENTS. IT WAS ORGANIZED PURSUANT to SECTION 811 of THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION of THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION of HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSITANCE CONTRACT (PRAC) WITH HUD. THE PRAC CONTRACT is A RENT ASSISTANCE PROGRAM for LOW-INCOME FAMILIES or PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM of THE NATIONAL HOUSING ACT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $68.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.71%of revenue went to mission work68.9% of expenses · Program services

$130.16spent for every $100 of revenueSpending was higher than revenue this year.

40.45%of revenue went to management and office costs31.1% of expenses

$6.71in assets for every $1 spent this yearSome assets cannot be spent right away.

64.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $22,473 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $69,019 for DANIEL KINSEY MD (PHYSICIAN). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$74,503

Mission workProgram services$66,84089.71% of revenue68.9% of expenses

ManagementOffice and general costs$30,13640.45% of revenue31.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$96,976130.16% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 68.9% mission · 31.1% management · 0.0% fundraisingTotal expenses: 130.16% of revenue

2023Expense mix: 80.4% mission · 19.6% management · 0.0% fundraisingTotal expenses: 148.16% of revenue

2022Expense mix: 78.1% mission · 21.9% management · 0.0% fundraisingTotal expenses: 131.09% of revenue

2021Expense mix: 82.6% mission · 17.4% management · 0.0% fundraisingTotal expenses: 149.23% of revenue

2020Expense mix: 79.3% mission · 20.7% management · 0.0% fundraisingTotal expenses: 114.37% of revenue

2019Expense mix: 77.5% mission · 22.5% management · 0.0% fundraisingTotal expenses: 115.75% of revenue

2018Expense mix: 78.9% mission · 21.1% management · 0.0% fundraisingTotal expenses: 123.12% of revenue

2017Expense mix: 77.4% mission · 22.6% management · 0.0% fundraisingTotal expenses: 133.87% of revenue

Money in and money out

Revenue$74,503

Expenses$96,976

Annual shortfall $22,473 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$66,840 · 68.9% of expenses

Management and office costs$30,136 · 31.1% of expenses

See all reported dollar amounts

Revenue$74,503

Expenses$96,976

Assets$650,872

Income$74,503

Contributions$48,333

Mission work (program services)$66,840

Management and general$30,136

Accounting fees$9,009

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DANIEL KINSEY MDPHYSICIAN · 1 hrs/week $69,019Base · Other $69,019

MICHAEL PLATT MDPHYSICIAN · 1 hrs/week $58,469Base · Other $58,469

LAURIE N NAFZIGERPRESIDENT & CEO · 1 hrs/week $56,350Base · Other $56,350

DAVID TAYLOR MDPHYSICIAN · 1 hrs/week $56,252Base · Other $56,252

TIMOTHY MCFADDEN MDPHYSICIAN · 1 hrs/week $51,423Base · Other $51,423

SHARESE SWAFFORDVP OF INTENSIVE SERVICES · 1 hrs/week $51,079Base · Other $51,079

JOSEPH BARKMANCFO · 1 hrs/week $31,049Base · Other $31,049

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

DANIEL KINSEY MDPHYSICIAN

MICHAEL PLATT MDPHYSICIAN

LAURIE N NAFZIGERPRESIDENT & CEO

DAVID TAYLOR MDPHYSICIAN

TIMOTHY MCFADDEN MDPHYSICIAN

SHARESE SWAFFORDVP OF INTENSIVE SERVICES

JOSEPH BARKMANCFO

JULIE VELDMAN HARRISASSISTANT SECRETARY

SARAH PATURALSKICHAIR

MIKE YODERDIRECTOR

MARION FULCESECRETARY

LISA WINEDIRECTOR

KORY VITANGELIDIRECTOR

KIMBERLY GREEN REEVESDIRECTOR

KEN HOCHSTETLERDIRECTOR

ANDY MARSHALLDIRECTOR

JESSICA BROOKSHIREDIRECTOR

JEFF SIEGELDIRECTOR

JASON SCHULTZDIRECTOR

ESLEEN FULTZDIRECTOR

DARRYL RIEGSECKERDIRECTOR

CHRISTOPHER KARAMTREASURER

BRYAN TANNERDIRECTOR

BRAD ROGERSDIRECTOR

About this charity

Recognized since: January 2007
Location: PO BOX 809, GOSHEN, IN 46527-0809
County: Elkhart
In care of: KIMBERLY PENDZINSKI
Primary officer: KIMBERLY PENDZINSKI, CFO

How to reach them

Phone(574) 237-6000

Filing and classification

Latest tax year: 2024
Tax period began: April 1, 2024
Return type: 990
Tax preparer: DAUBY OCONNOR & ZALESKI LLC
NTEE classification: Housing Development, Construction & Management (L20)
IRS tax category: Housing Development, Construction & Management