Walden Oaks Apartments Preservation
Walden Oaks Apartments Preservation reported $10.6 million in revenue and $1.9 million in expenses for calendar year 2024. Of every $100 it spent, $89.05 went to program services, $10.95 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 81.8% of the total. The highest compensation it reported for one person was $834,138 (COO). Revenue rose 420% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.9MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 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 $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.0% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 15.1% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $834,138 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 43.81% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 53.9 | 10.0 |
| Independent voting board members Part VI 1a–1b | 2 of 3 | 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 expenseThe corporation operates an apartment complex in woodstock, il, occupied by low income tenants. 206 families were served in 2024. The sponsor of this project is hispanic housing development corporation, which is an exempt organziation
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 |
|---|---|---|---|---|
| COO Officer, 0.20 hrs/week | $0 | $767,618 | $66,520 | $834,138 |
| PRESIDENT Director/trustee, officer, 0.20 hrs/week | $0 | $429,379 | $60,457 | $489,836 |
| VICE-PRESIDENT Highest compensated employee, 0.20 hrs/week | $0 | $183,392 | $31,498 | $214,890 |
| DIRECTOR OF PUBLIC HOUSING Highest compensated employee, 0.20 hrs/week | $0 | $144,287 | $37,814 | $182,101 |
| VICE-PRESIDENT Highest compensated employee, 0.20 hrs/week | $0 | $138,664 | $26,486 | $165,150 |
| PRESIDENT Highest compensated employee, 0.20 hrs/week | $0 | $151,573 | $10,399 | $161,972 |
| CONTROLLER Highest compensated employee, 0.20 hrs/week | $0 | $118,471 | $23,132 | $141,603 |
0 people received more than $100,000 in reportable compensation from Walden Oaks Apartments Preservation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b3 · 2 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 15aNo
- Board given the 990 before filing Part VI 11aYes
- 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 50
Correct a figure or respond
Every number above is copied from Walden Oaks Apartments Preservation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Walden Oaks Apartments Preservation, you can publish a response that is linked from this page.
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Of every $100 Walden Oaks Apartments Preservation spent in 2024, $89.05 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Walden Oaks Apartments Preservation's spending goes to programs?
In calendar year 2024, Walden Oaks Apartments Preservation reported that 89.0% of its $1.9 million in expenses went to program services, 11.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Walden Oaks Apartments Preservation pay its top executive?
The largest total compensation Walden Oaks Apartments Preservation reported for one person in calendar year 2024 was $834,138, for the role of COO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Walden Oaks Apartments Preservation get its money?
Of $10.6 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 15.1% from program service revenue (Form 990, Part VIII).
Is Walden Oaks Apartments Preservation a registered charity?
The IRS lists EIN 68-0594528 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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 202542779349300014 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202412969349300041 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323109349302017 · read the filing
- 2021: Form 990 for calendar year 2021, object 202222659349300507 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132809349300733 · read the filing
- 2019: Form 990 for calendar year 2019, object 202032729349301273 · read the filing
All filings for EIN 68-0594528: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.