Civic Intelligence

Oakland Housing Inc

990 • Fiscal year 2016 • EIN 38-0888880

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 01, 2017

950 E Maple Road Suite 200Birmingham, MI 48009

(248) 647-4882

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

22nd percentile

0.03x

Higher debt load relative to revenue than 22% of similar nonprofits.

2016 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2016

Net Margin

46th percentile

3.5%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

44th percentile

$85,728

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2016 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2016

Asset Growth

14th percentile

-5.9%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-53%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$10,249,827

Down $639,763 (-5.9%) from 2015

Net Assets

Down

$10,239,668

Down $634,431 (-5.8%) from 2015

Liabilities

Down

$10,159

Down $5,332 (-34%) from 2015

Revenue

Down

$305,440

Down $349,425 (-53%) from 2015

Expenses

Down

$294,872

Down $4,660 (-1.6%) from 2015

Net Income

Down

$10,568

Down $344,765 (-97%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $8,385,862Liabilities 2010: $12,293Net Assets 2010: $8,373,5692010Assets 2011: $9,807,027Liabilities 2011: $32,334Net Assets 2011: $9,774,6932011Assets 2012: $9,454,387Liabilities 2012: $26,502Net Assets 2012: $9,427,8852012Assets 2013: $10,131,752Liabilities 2013: $16,053Net Assets 2013: $10,115,6992013Assets 2014: $11,187,921Liabilities 2014: $15,716Net Assets 2014: $11,172,2052014Assets 2015: $10,889,590Liabilities 2015: $15,491Net Assets 2015: $10,874,0992015Assets 2016: $10,249,827Liabilities 2016: $10,159Net Assets 2016: $10,239,6682016Assets 2017: $10,983,689Liabilities 2017: $9,992Net Assets 2017: $10,973,6972017Assets 2018: $11,035,922Liabilities 2018: $11,753Net Assets 2018: $11,024,1692018Assets 2019: $11,193,986Liabilities 2019: $21,475Net Assets 2019: $11,172,5112019Assets 2020: $10,913,207Liabilities 2020: $55,404Net Assets 2020: $10,857,8032020Assets 2021: $10,883,523Liabilities 2021: $43,710Net Assets 2021: $10,839,8132021Assets 2022: $9,320,989Liabilities 2022: $40,176Net Assets 2022: $9,280,8132022Assets 2023: $9,670,155Liabilities 2023: $38,375Net Assets 2023: $9,631,7802023Assets 2024: $10,251,354Liabilities 2024: $43,920Net Assets 2024: $10,207,4342024Assets 2025: $10,557,426Liabilities 2025: $154,766Net Assets 2025: $10,402,6602025

Highlighted filing

2016

Assets$10,249,827
Liabilities$10,159
Net Assets$10,239,668

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $313,7402010Expenses 2011: $311,9322011Expenses 2012: $297,2772012Revenue 2013: $442,836Expenses 2013: $275,011Net Income 2013: $167,8252013Revenue 2014: $568,454Expenses 2014: $276,707Net Income 2014: $291,7472014Revenue 2015: $654,865Expenses 2015: $299,532Net Income 2015: $355,3332015Revenue 2016: $305,440Expenses 2016: $294,872Net Income 2016: $10,5682016Revenue 2017: $668,202Expenses 2017: $302,480Net Income 2017: $365,7222017Revenue 2018: $478,901Expenses 2018: $342,514Net Income 2018: $136,3872018Revenue 2019: $717,729Expenses 2019: $399,766Net Income 2019: $317,9632019Revenue 2020: $100,254Expenses 2020: $377,249Net Income 2020: -$276,9952020Revenue 2021: $3,411,031Expenses 2021: $4,393,339Net Income 2021: -$982,3082021Revenue 2022: $708,395Expenses 2022: $716,895Net Income 2022: -$8,5002022Revenue 2023: $158,166Expenses 2023: $478,386Net Income 2023: -$320,2202023Revenue 2024: $289,032Expenses 2024: $435,678Net Income 2024: -$146,6462024Revenue 2025: $650,135Expenses 2025: $575,768Net Income 2025: $74,3672025

Highlighted filing

2016

Revenue$305,440
Expenses$294,872
Net Income$10,568
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 1, 2017
Return Version
2015v3.0
Gross Receipts
$3,300,177
Mission and Program Overview

Mission

Housing assistance for middle income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,586,010$7,533,023▼ $1,052,987
Savings and Temporary Cash Investments$578,789$632,715▲ $53,926
Cash and Non-Interest-Bearing Accounts$48,755$61,485▲ $12,730
Prepaid Expenses and Deferred Charges$3,422$3,876▲ $454
Land, Buildings, and Equipment, Net$4,232$2,756▼ $1,476
Other Notes and Loans Receivable, Net$2,000$2,000→ $0
Total Assets$10,889,590$10,249,827▼ $639,763
Other Assets Total$1,666,382$2,013,972▲ $347,590
Liabilities
Accounts Payable and Accrued Expenses$93$8,526▲ $8,433
Other Liabilities$15,398$1,633▼ $13,765
Total Liabilities$15,491$10,159▼ $5,332
Net Assets / Fund Balance
Unrestricted Net Assets$10,874,099$10,239,668▼ $634,431
Total Net Assets Fund Balance$10,874,099$10,239,668▼ $634,431
Total Liabilities and Net Assets / Fund Balance$10,889,590$10,249,827▼ $639,763

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,756$30,583$33,339
Other Assets Org$173,503--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Konrad KohlExec DirectorPT$85,728-$85,728
Linda BradenAsst SecPT$49,780$13,706$63,486

Board Members and Trustees

NameTitle
Geoffrey HockmanChairman
Chris YawPresident
Brad FrolingBoard Member
Elliott HallBoard Member
Frank Couzens JrBoard Member
Jeff KragtBoard Member
Kathryne BakerBoard Member
Keegan MahoneyBoard Member
Rachel PerschetzBoard Member
Ron CooleyBoard Member
Cameron DuncanBd Mbr/forme
T Hart Mecke IiiTreasurer
John FrascoVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,765
Investment Income
$281,011
Other Revenue
$10,664
Change in Net Assets
$10,568

Audited Revenue Reconciliation

Revenue per Audited Statements
$305,440
Revenue Not Reported on Form 990
$-644,999
Total Revenue per Audited Statements
$-339,559
Total Revenue per Form 990
$305,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$159,909
Other Expenses$134,963
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$118,568$16,940-$135,508
Fees for Service Investment Mgmnt Fees-$39,790-$39,790
Insurance$11,125$3,708-$14,833
Other Employee Benefits$11,993$1,713-$13,706
Occupancy$9,371$3,124-$12,495
Payroll Taxes$9,358$1,337-$10,695
Fees for Services Accounting$6,577$2,193-$8,770
All Other Expenses$4,996$3,286-$8,282
Other Expenses$4,724$1,575-$6,299
Conferences and Meetings$3,343$1,115-$4,458
Office Expenses$2,822$941-$3,763
Fees for Services Legal$2,785$928-$3,713
Depreciation Depletion$1,103$373-$1,476
Total Functional Expenses$217,849$77,023$0$294,872

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$294,872
Total Expenses per Audited Statements$294,872
Total Expenses per Form 990$294,872
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unrealized Gain on Homes$1,633
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Reviewed by executive director before submitting

Form 990, Page 6, Part VI, Line 12C

Enforcement of conflicts policy is maintained through regular board meetings.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director is reviewed and approved annually by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Compensation for the assistant secretary is reviewed and approved annually by the board of directors.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST

Filing and Contact Details

Filer

Filer Name
Oakland Housing Inc
EIN
38-0888880
Phone
2486474882
Address
950 E MAPLE ROAD SUITE 200, BIRMINGHAM, MI 48009

Signing Officer

Name
Konrad Kohl
Title
Exec Director
Phone
2486474882
Signed
2017-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Geoffrey Hockman
Formed
1935
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
2

Preparer

Firm
Wilkie & Associates Cpas Pc
Address
10 W SQUARE LAKE RD SUITE 220, BLOOMFIELD HILLS, MI 48302
Preparer
Paul a Wilkie
Phone
2483350677
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IRS990/ProgramServiceRevenueGrp/Desc2COST OF HOMES SOLD
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113765
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2-930690
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0653870
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IRS990/PYOtherRevenueAmt0677
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0305440
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0632715
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IRS990ScheduleD/EquipmentGrp/BookValueAmt02756
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030583
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2214572
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3188420
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4173503
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LAND - NEW DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LAND CONTRACT RECEIVABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY EXECUTIVE DIRECTOR BEFORE SUBMITTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY IS MAINTAINED THROUGH REGULAR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE ASSISTANT SECRETARY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0217849
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt015491
IRS990/TotalLiabilitiesGrp/EOYAmt010159
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010874099
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IRS990/TotalReportableCompFromOrgAmt0135508
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0305440
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010889590
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010874099
IRS990/UnrestrictedNetAssetsGrp/EOYAmt010239668
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.6$0.15$10.4$0.65$0.58$0.07
2024Detailed filing. Detailed filing data is available for this year.$10.3$0.04$10.2$0.29$0.44$0.15
2023Detailed filing. Detailed filing data is available for this year.$9.67$0.04$9.63$0.16$0.48$0.32
2022Detailed filing. Detailed filing data is available for this year.$9.32$0.04$9.28$0.71$0.72$0.01
2021Detailed filing. Detailed filing data is available for this year.$10.9$0.04$10.8$3.41$4.39$0.98
2020Detailed filing. Detailed filing data is available for this year.$10.9$0.06$10.9$0.10$0.38$0.28
2019Detailed filing. Detailed filing data is available for this year.$11.2$0.02$11.2$0.72$0.40$0.32
2018Detailed filing. Detailed filing data is available for this year.$11.0$0.01$11.0$0.48$0.34$0.14
2017Detailed filing. Detailed filing data is available for this year.$11.0$0.01$11.0$0.67$0.30$0.37
2016Detailed filing. Detailed filing data is available for this year.$10.2$0.01$10.2$0.31$0.29$0.01
2015Detailed filing. Detailed filing data is available for this year.$10.9$0.02$10.9$0.65$0.30$0.36
2014Detailed filing. Detailed filing data is available for this year.$11.2$0.02$11.2$0.57$0.28$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$0.02$10.1$0.44$0.28$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.45$0.03$9.43$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.81$0.03$9.77$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.39$0.01$8.37$0.31