Form 990 for tax year 2022
Filed by OAKLAND ESTATES APARTMENTS INC.
Totals
- Total revenue
- $68,808
- Total expenses
- $90,197
- Contributions and grants received
- $35,259
- Grants paid
- $0
- Program service revenue
- $33,521
- Investment income
- $3
- Other revenue
- $25
- Total assets, end of year
- $700,160
- Total liabilities, end of year
- $20,414
- Net assets or fund balances, end of year
- $679,746
- Program services expenses (Part IX)
- $70,446
- Management and general expenses
- $19,751
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $70,446
Program services were 78.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$35,259
-
2a · Program service revenue: RENTAL INCOME
total $33,521 · related or exempt $33,521
-
3 · Investment income
total $3 · excluded $3
-
11a · Other revenue: TENANT CHARGES
total $25 · excluded $25
-
11e · Other revenue, total
$25
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $8,397 · management and general $8,397
-
11b · Fees: legal
total $500 · management and general $500
-
11c · Fees: accounting
total $7,432 · management and general $7,432
-
13 · Office expenses
total $3,126 · management and general $3,126
-
16 · Occupancy
total $36,961 · program services $36,961
-
17 · Travel
total $296 · management and general $296
-
22 · Depreciation, depletion and amortization
total $23,974 · program services $23,974
-
23 · Insurance
total $112 · program services $112
-
24a · Other expenses: MANAGEMENT COMPANY EMPL
total $9,399 · program services $9,399
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,793 · end of year $5,064
-
4 · Accounts receivable
beginning of year $482 · end of year $629
-
9 · Prepaid expenses and deferred charges
beginning of year $1,257 · end of year $1,227
-
10a · Land, buildings and equipment: cost or other basis
$900,648
-
10b · Land, buildings and equipment: accumulated depreciation
$412,948
-
10c · Land, buildings and equipment, net
beginning of year $506,694 · end of year $487,700
-
13 · Investments: program-related
beginning of year $191,998 · end of year $189,093
-
15 · Other assets
beginning of year $16,429 · end of year $16,447
-
17 · Accounts payable and accrued expenses
beginning of year $10,578 · end of year $7,476
-
19 · Deferred revenue
beginning of year $58 · end of year $0
-
25 · Other liabilities
beginning of year $12,882 · end of year $12,938
-
27 · Net assets without donor restrictions
beginning of year -$344,665 · end of year $679,746
-
28 · Net assets with donor restrictions
beginning of year $1,045,800 · end of year $0
Mission and programs · 2022
Mission
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 AFFORDABLE 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.
-
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 AFFORDABLE 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.
Expenses $70,446 · Revenue $33,521
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Laurie N NafzigerLAURIE N NAFZIGER
PRESIDENT & CEO
- Total calculated
- $333,440
- From this org
- $0
- From related orgs
- $285,709
- Other
- $47,731
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $285,709 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,869 related
- Nontaxable benefits
- $0 + $42,862 related
- Filer's total
- $0 + $333,440 related
-
Joseph BarkmanJOSEPH BARKMAN
CFO
- Total calculated
- $172,445
- From this org
- $0
- From related orgs
- $139,412
- Other
- $33,033
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $139,412 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,227 related
- Nontaxable benefits
- $0 + $28,806 related
- Filer's total
- $0 + $172,445 related
-
Sarah PaturalskiSARAH PATURALSKI
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Ken HochstetlerKEN HOCHSTETLER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Mike YoderMIKE YODER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Christopher KaramCHRISTOPHER KARAM
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Marion FulceMARION FULCE
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Jay CaponigroJAY CAPONIGRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Robert ShreinerROBERT SHREINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Adriana Garcia BontregerADRIANA GARCIA BONTREGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Darryl RiegseckerDARRYL RIEGSECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Esleen FultzESLEEN FULTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Janilyn Brouwer DaubJANILYN BROUWER DAUB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Jeff SiegelJEFF SIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Kimberly Green ReevesKIMBERLY GREEN REEVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Trish HankilaTRISH HANKILA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Brad RogersBRAD ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Lisa WineLISA WINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
Daniel Kinsey MDDANIEL KINSEY MD
PHYSICIAN
- Total calculated
- $392,906
- From this org
- $0
- From related orgs
- $328,011
- Other
- $64,895
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $328,011 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $7,236 related
- Nontaxable benefits
- $0 + $57,659 related
- Filer's total
- $0 + $392,906 related
-
Michael Platt MDMICHAEL PLATT MD
PHYSICIAN
- Total calculated
- $343,166
- From this org
- $0
- From related orgs
- $284,248
- Other
- $58,918
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $284,248 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,917 related
- Nontaxable benefits
- $0 + $52,001 related
- Filer's total
- $0 + $343,166 related
-
Timothy McFadden MDTIMOTHY MCFADDEN MD
PHYSICIAN
- Total calculated
- $306,018
- From this org
- $0
- From related orgs
- $254,632
- Other
- $51,386
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $254,632 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $7,633 related
- Nontaxable benefits
- $0 + $43,753 related
- Filer's total
- $0 + $306,018 related
-
Sharese SwaffordSHARESE SWAFFORD
VP OF INTENSIVE SERVICES
- Total calculated
- $296,552
- From this org
- $0
- From related orgs
- $248,354
- Other
- $48,198
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $248,354 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $3,321 related
- Nontaxable benefits
- $0 + $44,877 related
- Filer's total
- $0 + $296,552 related
-
Larissa Chism Buggs MDLARISSA CHISM BUGGS MD
PHYSICIAN
- Total calculated
- $280,782
- From this org
- $0
- From related orgs
- $240,559
- Other
- $40,223
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $240,559 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $40,223 related
- Filer's total
- $0 + $280,782 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE RELATED ORGANIZATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION PACKAGE PROVIDED TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE COMPENSATION REVIEW INCLUDES A MARKET ANALYSIS STUDY AND A PERFORMANCE REVIEW.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MADISON RESIDENTIAL SERVICES INC
501(C)(3) · HOUSING FOR CHRONIC MENTAL ILL · IN
Directly controlled by OAKLAWN PSYCHIATRIC CENTER INC
-
501(C)(3) · LOW INCOME HOUSING · IN
Directly controlled by OAKLAWN PSYCHIATRIC CENTER INC
-
OAKLAWN FOUNDATION FOR MENTAL HEALTH INC
501(C)(3) · FUND RAISING & PROMOTION OF MENTAL HEALTH & ADDICTION SERVICES · IN
Directly controlled by OAKLAWN PSYCHIATRIC CENTER INC
-
OAKLAWN PSYCHIATRIC CENTER INC
501(C)(3) · MENTAL HEALTH ADDICTION SERVICES · IN
-
501(C)(3) · HOUSING FOR CHRONIC MENTAL ILL · IN
Directly controlled by OAKLAWN PSYCHIATRIC CENTER INC
-
501(C)(3) · HOUSING FOR MENTAL CHRONIC MENTALLY ILL · IN
Directly controlled by OAKLAWN PSYCHIATRIC CENTER INC
-
OAKLAWN CMHC
501(C)(3) · COMMUNITY MENTAL HEALTH CENTER · IN
Directly controlled by OAKLAWN PSYCHIATRIC CENTER INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420199349300102
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