Public Charity

OAK GROVE DEVELOPMENT CORPORATION

OAK GROVE DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in CHAMPAIGN, IL. Its most recent IRS filing (2024) reports revenue of $7.4M, expenses of $9K, total assets of $14.8M.

EIN: 271636147 CHAMPAIGN, IL Low-Income & Subsidized Rental Housing NTEE: L21 Latest filing: 2024
Total Revenue$7.4M
Total Expenses$9K
Total Assets$14.8M
Grant Records0
Filing Years2019–2024

Mission

To create, preserve, revitalize and pursue affordable housing and community development opportunities that serve a diverse mix of households, to entertain, through partnerships or through consultative services, affordable housing activity throughout the State of Connecticut, to seek to promote a viable and dynamic community through leadership and collaborative activities, and to focus on maintaining and managing quality housing and providing residential services that afford our residents the opportunity to achieve personal growth and financial independence.

Where $100 goes at Oak Grove Development Corporation

How Oak Grove Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$93 Programs the work itself
$7 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $93 for programs

$93
Oversee construction and rehabilitation of moderate and low income housing
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

President Dr Grant Henry
Director Francesca Morgan
CEO Lily Walton
Resident Advisr Linda Turnbull
Director Peter Mcfarland
Director Rebecca Obuchowski

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $7.4M $9K $14.8M
2023 $3.6M $2K $7.5M
2022 $229K $4K $3.9M
2020 $231K $894 $3.6M
2019 $142K $102K $3.4M

Between 2019 and 2024, reported annual revenue grew from $142K to $7.4M (+5085%), with total assets most recently reported at $14.8M.

Interactive year-over-year charts and full filing details available with membership.

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