Royal Oak Non Profit Housing Corporation
Royal Oak Non Profit Housing Corporation faces consistent operational deficits despite significant asset growth and zero executive compensation.
EIN: 205111657 · Warren, MI · NTEE: L20 · Updated: 2026-03-28
Is Royal Oak Non Profit Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Royal Oak Non Profit Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Royal Oak Non Profit Housing Corporation
Royal Oak Non Profit Housing Corporation (EIN: 205111657) is a nonprofit organization based in Warren, MI, classified under NTEE code L20. The organization reported total revenue of $2.3M and total assets of $14.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Royal Oak Non Profit Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Royal Oak Non Profit Housing Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Royal Oak Non Profit Housing Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size with assets exceeding $14 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Royal Oak Non Profit Housing Corporation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, such as in 2023 and 2022.
- Negative net assets, with liabilities ($15,896,606 in 2023) exceeding total assets ($14,873,790 in 2023).
Strengths
The following positive indicators were identified for Royal Oak Non Profit Housing Corporation:
- Zero officer compensation reported across all filings, indicating strong financial stewardship at the executive level.
- Significant growth in assets, suggesting active investment in its housing mission.
- Consistent filing history of IRS 990s over 16 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Royal Oak Non Profit Housing Corporation
Is Royal Oak Non Profit Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Royal Oak Non Profit Housing Corporation (EIN: 205111657) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Royal Oak Non Profit Housing Corporation spend its money?
Royal Oak Non Profit Housing Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Royal Oak Non Profit Housing Corporation tax-deductible?
Royal Oak Non Profit Housing Corporation is registered as a tax-exempt nonprofit (EIN: 205111657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Royal Oak Non Profit Housing Corporation fund its operational deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $2,679,800 expenses vs. $2,107,789 revenue in 2023). This suggests it may be drawing from prior period reserves, receiving grants not categorized as revenue in this summary, or incurring debt to cover operational costs.
What is the nature of the significant increase in assets and liabilities?
Assets grew from $3,229,719 in 2020 to $14,873,790 in 2023, with liabilities also increasing to $15,896,606 in 2023. This substantial growth likely indicates the acquisition or development of housing properties, which aligns with its mission, but it's largely financed by debt, leading to negative net assets.
Is the organization financially sustainable in the long term given its negative net assets?
While the organization has significant assets, its liabilities exceed them, resulting in negative net assets. Coupled with consistent operational deficits, long-term sustainability depends on its ability to generate sufficient revenue to cover expenses and manage its debt obligations effectively.
Filing History
IRS 990 filing history for Royal Oak Non Profit Housing Corporation showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2009–2023), Royal Oak Non Profit Housing Corporation's revenue has grown by 66.1%, moving from $1.3M to $2.1M. Total assets increased by 224.2% over the same period, from $4.6M to $14.9M. Total functional expenses rose by 97.5%, from $1.4M to $2.7M. In its most recent filing year (2023), Royal Oak Non Profit Housing Corporation reported a deficit of $572K, with expenses exceeding revenue. The organization holds $15.9M in liabilities against $14.9M in assets (debt-to-asset ratio: 106.9%), resulting in net assets of $-1,022,816.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.7M | $14.9M | $15.9M | — | — |
| 2022 | $1.8M | $2.2M | $15.4M | $15.8M | — | View 990 |
| 2021 | $1.9M | $1.6M | $11.3M | $11.4M | — | View 990 |
| 2020 | $796K | $917K | $5.3M | $5.6M | — | View 990 |
| 2020 | $1.6M | $1.5M | $3.2M | $3.3M | — | View 990 |
| 2019 | $1.5M | $1.5M | $2.9M | $3.0M | — | View 990 |
| 2018 | $1.5M | $1.5M | $3.0M | $3.1M | — | View 990 |
| 2017 | $1.4M | $1.5M | $3.1M | $3.2M | — | View 990 |
| 2016 | $1.4M | $1.5M | $3.2M | $3.2M | — | View 990 |
| 2015 | $1.4M | $1.5M | $3.3M | $3.2M | — | View 990 |
| 2014 | $1.3M | $1.4M | $3.4M | $3.2M | — | View 990 |
| 2013 | $1.3M | $1.4M | $1.6M | $320K | — | View 990 |
| 2012 | $1.2M | $1.3M | $3.9M | $3.4M | — | View 990 |
| 2011 | $1.3M | $1.4M | $4.3M | $3.7M | — | View 990 |
| 2010 | $1.2M | $1.2M | $4.4M | $3.8M | — | View 990 |
| 2009 | $1.3M | $1.4M | $4.6M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.7M, and assets of $14.9M (revenue +16.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.2M, and assets of $15.4M (revenue -4.4% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.6M, and assets of $11.3M (revenue +137.2% year-over-year).
- 2020: Revenue of $796K, expenses of $917K, and assets of $5.3M (revenue -48.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.5M, and assets of $3.2M (revenue +1.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $2.9M (revenue +3.6% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $3.0M (revenue +4.9% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $3.1M (revenue +1.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $3.2M (revenue +1.2% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.5M, and assets of $3.3M (revenue +2.4% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $3.4M (revenue +4.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $1.6M (revenue +4.0% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $3.9M (revenue -4.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.4M, and assets of $4.3M (revenue +3.5% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.2M, and assets of $4.4M (revenue -2.0% year-over-year).
- 2009: Revenue of $1.3M, expenses of $1.4M, and assets of $4.6M.
Data Sources and Methodology
This transparency report for Royal Oak Non Profit Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.