Gradual decline in total assets over the past five years (from $951,849 in 2018 to $825,717 in 2023).
Strengths
Consistent balanced budget with revenues closely matching or exceeding expenses (e.g., 2023: Revenue $363,007, Expenses $358,677).
Zero executive compensation reported across all filings, indicating high efficiency and dedication to mission.
Significant reduction in liabilities over time (from $236,990 in 2018 to $89,826 in 2023), improving financial stability.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Strong program spending ratio due to minimal administrative and fundraising overhead.
Spending Breakdown
How Oakfield Housing Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Oakfield Housing Corporation
Is Oakfield Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Oakfield Housing Corporation (EIN: 10363316) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Oakfield Housing Corporation a good charity to donate to?
Oakfield Housing Corporation has a Mission Score of 92/100. Revenue: $358K. Assets: $777K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oakfield Housing Corporation?
The Employer Identification Number (EIN) for Oakfield Housing Corporation is 10363316. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Oakfield Housing Corporation spend its money?
Oakfield Housing Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Oakfield Housing Corporation's tax-exempt status?
You can verify Oakfield Housing Corporation's tax-exempt status using EIN 10363316 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Oakfield Housing Corporation demonstrates consistent financial operations with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, revenue was $363,007 against expenses of $358,677, indicating a balanced budget. The organization's assets have shown a gradual decline from $951,849 in 2018 to $825,717 in 2023, while liabilities have also decreased significantly from $236,990 to $89,826 over the same period. This reduction in liabilities is a positive indicator of financial stability.
The organization reports 0% officer compensation across all available filings, which suggests a volunteer-led or very lean executive structure, contributing to lower administrative overhead. This practice enhances spending efficiency by directing more funds towards its mission. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance, allowing for public scrutiny of its financial activities.
Overall, Oakfield Housing Corporation appears to be a financially stable organization with a strong focus on its mission, evidenced by its balanced budget, declining liabilities, and absence of executive compensation. While asset values have slightly decreased, the significant reduction in liabilities strengthens its financial position.