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.
Executive compensation
Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.
| Position | Total |
|---|---|
Physician Highest Compensated Employee 25th percentile to median | $66k $73k |
Physician Highest Compensated Employee 25th percentile to median | $57k $63k |
President & CEO 25th percentile to medianvs Housing & Shelter peers in Indiana | $52k $58k |
VP of Intensive Services Board Vice President Median to 75th percentile | $52k $57k |
Physician Highest Compensated Employee 25th percentile to median | $50k $55k |
Physician Highest Compensated Employee 25th percentile to median | $47k $52k |
CFO Median to 75th percentile | $34k $37k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 17 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at OAKLAND ESTATES APARTMENTS INC equaled 63% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 2%
from 2022
From $65k in 2022 to $66k in 2023.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest Compensated Employee pay rose 2% from 2022 to 2023, while revenue rose 3%.
- Chief Executive Officer pay rose 10% from 2022 to 2023.
- Board Vice President pay rose 7% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about OAKLAND ESTATES APARTMENTS INC
What does the Highest Compensated Employee of OAKLAND ESTATES APARTMENTS INC earn?
In 2023, the Highest Compensated Employee of OAKLAND ESTATES APARTMENTS INC received $65,911 in total compensation. This pay is below the median (the midpoint) for Highest Compensated Employee roles among Housing & Shelter organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at OAKLAND ESTATES APARTMENTS INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations nationwide, the 2023 pay of the Highest Compensated Employee at OAKLAND ESTATES APARTMENTS INC falls between the 25th percentile and the median. In 2023, the highest total compensation at OAKLAND ESTATES APARTMENTS INC equaled 63% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are OAKLAND ESTATES APARTMENTS INC's revenue and expenses?
In 2023, OAKLAND ESTATES APARTMENTS INC reported $71k in total revenue and $105k in total expenses on its IRS Form 990.
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