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Oak Park Residence Corporation

Oak Park, IL · EIN 36-2666771 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Oak Park Residence Corporation reported $10.6 million in revenue and $10.5 million in expenses for calendar year 2024. Of every $100 it spent, $79.48 went to program services, $20.52 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.4% of the total. Government grants made up 8.4%. The highest compensation it reported for one person was $246,294 (CEO). 1 person received more than $100,000 in reportable compensation. Revenue rose 41% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11M

Program services$79.48 $8.4M
Management & general$20.52 $2.2M
Fundraising$0.00 $0

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $11M

Government grants$8.43 $895K
Program service revenue$91.41 $9.7M
Investment income$0.16 $17,336

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 2,433 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	79.5%	86.7%
Management & general Part IX 25(C) ÷ 25(A)	20.5%	11.5%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.0%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.01
Contributions & grants share of revenue Part VIII 1h ÷ 12	8.4%	29.9%
Government grants share of revenue Part VIII 1e ÷ 12	8.4%	3.8%
Program service revenue share Part VIII 2g ÷ 12	91.4%	58.9%
Highest reported compensation Part VII-A, columns D–F	$246,294	$301,601
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	2.34%	1.38%
People paid over $100,000 Part VII, line 2	1	6
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	-0.2	6.8
Independent voting board members Part VI 1a–1b	8 of 8	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$7.4M expenses · 88.4% of program spending

To repair, purchase, sell and manage substandard residen- tial housing in Oak Park, illinois. The corporation also manages properties and sells foreclosed houses

$967K expenses · 11.6% of program spending

Operation of the oaks, an apartment complex for the eldery and physically handicapped that is subsudized by the U.S. Department of housing and urban development

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
CEO Officer, 35.00 hrs/week	$185,872	$60,422	$0	$246,294

1 people received more than $100,000 in reportable compensation from Oak Park Residence Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $246K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$11M	$11M	79.5%	−$152K	$246,294
2023 ⓘ	$10M	$11M	79.9%	−$250K	$246,242
2022 ⓘ	$9.8M	$11M	98.0%	$258K	$250,159
2021 ⓘ	$10M	$10M	97.9%	$1.0M	$212,020
2020 ⓘ	$9.1M	$9.3M	98.2%	$689K	$202,650
2019 ⓘ	$7.5M	$7.7M	98.4%	$898K	$201,433

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 550

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only

SYNERGY CONSTRUCTION Bldg consultant	$1,403,555
MGD ELECTRIC INC Elec install	$972,060
EIFS SPECIALTIES INC	$660,602
VALDEX CONSTRUCTION INC	$654,332
ESTRUCTURAS INC	$546,947

Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Oak Park Residence Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Oak Park Residence Corporation, you can publish a response that is linked from this page.

Report a correction Respond as Oak Park Residence Corporation How this works

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Questions people ask

How much of Oak Park Residence Corporation's spending goes to programs?

In calendar year 2024, Oak Park Residence Corporation reported that 79.5% of its $10.5 million in expenses went to program services, 20.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Oak Park Residence Corporation pay its top executive?

The largest total compensation Oak Park Residence Corporation reported for one person in calendar year 2024 was $246,294, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Oak Park Residence Corporation get its money?

Of $10.6 million in revenue in calendar year 2024, 8.4% came from contributions and grants (including 8.4% from government grants) and 91.4% from program service revenue (Form 990, Part VIII).

Is Oak Park Residence Corporation a registered charity?

The IRS lists EIN 36-2666771 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202521059349301547 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202442289349303689 · read the filing
2022: Form 990 for calendar year 2022, object 202333119349300428 · read the filing
2021: Form 990 for calendar year 2021, object 202243089349301414 · read the filing
2020: Form 990 for calendar year 2020, object 202103089349300235 · read the filing
2019: Form 990 for calendar year 2019, object 202012399349301211 · read the filing

All filings for EIN 36-2666771: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.