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Nonprofiteer
← VINTAGE HOUSING INC

Form 990 for tax year 2022

Filed by VINTAGE HOUSING INC.

Totals

Total revenue
$3,191,257
Total expenses
$4,366,296
Contributions and grants received
$268,667
Grants paid
$0
Program service revenue
$2,862,925
Investment income
$35,547
Other revenue
$24,118
Total assets, end of year
$52,526,814
Total liabilities, end of year
$40,409,130
Net assets or fund balances, end of year
$12,117,684
Program services expenses (Part IX)
$3,804,795
Management and general expenses
$561,501
Fundraising expenses
$0
Program service expenses (Part III)
$3,804,795

Program services were 87.1% 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)

    $268,667

  • 2a · Program service revenue: VANDEVER HOUSE

    total $247,224 · related or exempt $247,224

  • 2b · Program service revenue: COUNTRY OAKS

    total $242,573 · related or exempt $242,573

  • 2c · Program service revenue: PARK VILLAGE

    total $241,395 · related or exempt $241,395

  • 2d · Program service revenue: PIONEER VILLAGE

    total $228,564 · related or exempt $228,564

  • 2e · Program service revenue: AUTUMN PARK

    total $221,055 · related or exempt $221,055

  • 2f · All other program service revenue

    total $1,682,114 · related or exempt $1,682,114

  • 3 · Investment income

    total $35,547 · excluded $35,547

  • 11a · Other revenue: OTHER REVENUE

    total $24,118 · related or exempt $24,118

  • 11e · Other revenue, total

    $24,118

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $789,375 · program services $598,343 · management and general $191,032

  • 8 · Pension plan contributions

    total $6,446 · management and general $6,446

  • 9 · Other employee benefits

    total $18,216 · program services $3,644 · management and general $14,572

  • 10 · Payroll taxes

    total $22,326 · program services $4,465 · management and general $17,861

  • 11a · Fees: management

    total $290,053 · program services $290,053

  • 11b · Fees: legal

    total $15,774 · management and general $15,774

  • 11c · Fees: accounting

    total $18,600 · management and general $18,600

  • 11g · Fees: other

    total $334,532 · program services $85,136 · management and general $249,396

  • 12 · Advertising and promotion

    total $150 · management and general $150

  • 13 · Office expenses

    total $19,857 · program services $18 · management and general $19,839

  • 16 · Occupancy

    total $1,174,366 · program services $1,148,588 · management and general $25,778

  • 17 · Travel

    total $5,109 · program services $5,109

  • 19 · Conferences, conventions and meetings

    total $1,839 · program services $489 · management and general $1,350

  • 20 · Interest

    total $68,155 · program services $68,155

  • 22 · Depreciation, depletion and amortization

    total $1,068,770 · program services $1,068,067 · management and general $703

  • 23 · Insurance

    total $235,110 · program services $235,110

  • 24a · Other expenses: WHITTIER HEIGHTS

    total $285,277 · program services $285,277

  • 24b · Other expenses: OTHER EXPENSES

    total $12,341 · program services $12,341

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,792,106 · end of year $1,056,831

  • 2 · Savings and temporary cash investments

    beginning of year $981,481 · end of year $983,722

  • 4 · Accounts receivable

    beginning of year $222,063 · end of year $352,348

  • 7 · Other notes and loans receivable

    beginning of year $19,305,230 · end of year $23,639,629

  • 9 · Prepaid expenses and deferred charges

    beginning of year $192,388 · end of year $144,296

  • 10a · Land, buildings and equipment: cost or other basis

    $46,953,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,494,462

  • 10c · Land, buildings and equipment, net

    beginning of year $24,164,259 · end of year $25,458,538

  • 13 · Investments: program-related

    beginning of year $891,535 · end of year $891,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $951,093 · end of year $875,804

  • 19 · Deferred revenue

    beginning of year $19,298,050 · end of year $23,639,629

  • 23 · Secured mortgages and notes payable

    beginning of year $13,198,939 · end of year $15,072,819

  • 25 · Other liabilities

    beginning of year $808,257 · end of year $820,878

  • 27 · Net assets without donor restrictions

    beginning of year $13,292,723 · end of year $12,117,684

Mission and programs · 2022

Mission

DEVELOP SAFE, ATTRACTIVE, AFFORDABLE HOUSING FOR SENIORS IN AN ENVIRONMENT THAT SUSTAINS INDEPENDENCE AND SUPPORTS RESIDENTS AS THEY AGE IN PLACE.

  • VINTAGE HOUSING, INC. (VHI) DEVELOPS SAFE, ATTRACTIVE, AFFORDABLE HOUSING FOR SENIORS IN AN ENVIRONMENT THAT SUSTAINS INDEPENDENCE AND SUPPORTS RESIDENTS AS THEY AGE. THROUGH ITS AFFILIATION WITH LIFE SENIOR SERVICES, VINTAGE HOUSING IS ABLE TO OFFER RESIDENTS ACCESS TO ADDITIONAL AGING SUPPORTS, SUCH AS CASE MANAGEMENT AND MEDICAL CARE THROUGH THE AFFILIATED LIFE PACE PROGRAM. NINETEEN APARTMENT COMMUNITIES IN TULSA (7), JENKS, SAPULPA, BRISTOW, SKIATOOK, COWETA, BROKEN ARROW (2), BIXBY, COLLINSVILLE (2), GLENPOOL, AND SAND SPRINGS ARE DESIGNED FOR INDEPENDENT SENIOR LIVING. RENTS ARE RESTRICTED TO BELOW-MARKET LEVELS AS DETERMINED BY THE U.S. DEPARTMENT OF HOUSING AND THE URBAN DEVELOPMENT (HUD) AND RESIDENTS MUST EARN 60% OR LESS OF THE AREA MEDIAN INCOME TO QUALIFY. VHI IS THE GENERAL PARTNER OF FIVE LIMITED PARTNERSHIPS WHICH WERE ORGANIZED TO DEVELOP AND OPERATE SENIOR INDEPENDENT LIVING APARTMENT COMPLEXES AND THE FULL OWNER OF FOURTEEN HOUSING PROJECTS, TWELVE OF WHICH ARE HELD IN SEPARATE LLCS. HERITAGE LANDING AND KENOSHA LANDING ARE DIVISIONS OF VHI. THE TWELVE SEPARATE LLCS OPERATE UNDER THE DBAS OF AUTUMN PARK, CARDINAL HEIGHTS, CARRIAGE CROSSING, CORNERSTONE VILLAGE, COUNTRY OAKS, HICKORY CROSSING, PARK VILLAGE, PIONEER VILLAGE, VANDEVER HOUSE, WEST OAK VILLAGE, WHITTIER VILLAS AND WOODLAND VILLAGE.

    Expenses $3,804,795 · Revenue $2,862,925

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bill Eagleton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Bill Hirsch

    VICE-PESIDEN

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Tom O'Brien

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Rod Nordstrom

    TREASURER

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Maria Veliz Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Derek Gates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Bob Rock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Eileen Bradshaw

    PRESIDENT AN

    Total calculated
    $233,588
    From this org
    $0
    From related orgs
    $216,494
    Other
    $17,094
    Hours/week
    13 + 32 related

    Schedule J breakdown matched by us

    Base
    not reported + $216,494 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $9,008 related
    Nontaxable benefits
    not reported + $8,086 related
    Filer's total
    not reported + $233,588 related

  • Bill Copeland

    CFO

    Total calculated
    $156,943
    From this org
    $0
    From related orgs
    $147,331
    Other
    $9,612
    Hours/week
    16 + 29 related

    Schedule J breakdown matched by us

    Base
    not reported + $147,331 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $7,354 related
    Nontaxable benefits
    not reported + $2,258 related
    Filer's total
    not reported + $156,943 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)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE CEO SHALL HAVE AN ANNUAL PERFORMANCE EVALUATON PERFORMED BY THE EXECUTIVE COMMITTEE, WHICH SHALL FUNCTION AS THE PERFORMANCE EVALUATION COMMITTEE. THE EVALUATION WILL COVER THREE CRITERIA: (1) PERFORMANCE GOALS, (2) POSITION RESPONSIBILITIES, AND (3) SUMMARY OF OVERALL PERFORMANCE INCLUDING SIGNFICANT ACCOMPLISHMENTS AND IDENTIFICATION OF AREAS THAT NEED FURTHER DEVELOPMENT. THE EXECUTIVE COMMITTEE IS ALSO RESPONSIBLE FOR ESTABLISHING THE SALARY AND BENEFITS FOR THE CEO. THE COMMITTEE SHALL CONSULT WITH WHATEVER SOURCES IT DEEMS NECESSARY TO ESTABLISH THE COMPENSATION AND BENEFITS. ANY OUTSIDE SOURCES USED SHALL BE DOCUMENTED IN THE MINUTES. ALL CEO COMPENSATION AND BENEFITS SHALL BE EVALUATED ANNUALLY. THE CURRENT YEAR EVALUATION WAS PERFORMED IN NOVEMBER 29, 2022.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AUTUMN PARK LLC

    SR HOUSING · OK · income $221,055 · assets $1,390,902

    Directly controlled by VINTAGE

  • CARDINAL HEIGHTS LLC

    SR HOUSING · OK · income $203,942 · assets $1,108,304

    Directly controlled by VINTAGE

  • CARRIAGE CROSSING LLC

    SR HOUSING · OK · income $181,751 · assets $3,606,210

    Directly controlled by VINTAGE

  • CORNERSTONE VILLAGE LLC

    SR HOUSING · OK · income $215,570 · assets $1,735,398

    Directly controlled by VINTAGE

  • COUNTRY OAKS LLC

    SR HOUSING · OK · income $242,573 · assets $1,261,136

    Directly controlled by VINTAGE

  • HICKORY CROSSING LLC

    SR HOUSING · OK · income $209,945 · assets $1,070,541

    Directly controlled by VINTAGE

  • PARK VILLAGE LLC

    SR HOUSING · OK · income $241,395 · assets $1,466,843

    Directly controlled by VINTAGE

  • PIONEER VILLAGE LLC

    SR HOUSING · OK · income $228,564 · assets $2,534,159

    Directly controlled by VINTAGE

  • VANDEVER HOUSE LLC

    SR HOUSING · OK · income $247,224 · assets $1,569,071

    Directly controlled by VINTAGE

  • WEST OAK VILLAGE LLC

    SR HOUSING · OK · income $207,337 · assets $1,433,084

    Directly controlled by VINTAGE

  • WHITTIER VILLAS LLC

    SR HOUSING · OK · income $5,021 · assets $1,355,013

    Directly controlled by VINTAGE

  • WOODLAND VILLAGE LLC

    SR HOUSING · OK · income $158,938 · assets $1,450,424

    Directly controlled by VINTAGE

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349302370

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