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Nonprofiteer
← OAKWOOD VILLAGE UNIVERSITY WOODS HOMES INC

Form 990 for tax year 2024

Filed by OAKWOOD VILLAGE UNIVERSITY WOODS HOMES INC.

Totals

Total revenue
$21,131,733
Total expenses
$27,278,254
Contributions and grants received
$606,159
Grants paid
$0
Program service revenue
$20,322,263
Investment income
$124,575
Other revenue
$78,736
Total assets, end of year
$69,594,998
Total liabilities, end of year
$90,574,635
Net assets or fund balances, end of year
-$20,979,637
Program services expenses (Part IX)
$24,322,508
Management and general expenses
$2,955,746
Fundraising expenses
$0
Program service expenses (Part III)
$24,322,508

Program services were 89.2% 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.

  • 1d · Related organizations

    $606,159

  • 2a · Program service revenue: NET SERVICE FEES

    total $20,322,263 · related or exempt $20,322,263

  • 3 · Investment income

    total $124,159 · excluded $124,159

  • 7a · Gross sales of assets other than inventory

    securities $5,834,308

  • 7b · Less cost or other basis and sales expenses

    securities $5,833,892

  • 7c · Gain or loss

    securities $416

  • 7d · Net gain or loss

    total $416 · excluded $416

  • 11a · Other revenue: MISCELLANEOUS

    total $78,736 · related or exempt $78,736

  • 11e · Other revenue, total

    $78,736

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $328,448 · program services $295,603 · management and general $32,845

  • 7 · Other salaries and wages

    total $12,647,428 · program services $11,333,302 · management and general $1,314,126

  • 8 · Pension plan contributions

    total $369,128 · program services $334,040 · management and general $35,088

  • 9 · Other employee benefits

    total $1,415,239 · program services $1,151,936 · management and general $263,303

  • 10 · Payroll taxes

    total $935,162 · program services $854,644 · management and general $80,518

  • 11b · Fees: legal

    total $28,561 · management and general $28,561

  • 11f · Fees: investment management

    total $32,316 · management and general $32,316

  • 11g · Fees: other

    total $894,472 · program services $576,282 · management and general $318,190

  • 12 · Advertising and promotion

    total $91,034 · program services $45,336 · management and general $45,698

  • 13 · Office expenses

    total $322,092 · program services $292,784 · management and general $29,308

  • 14 · Information technology

    total $515,741 · program services $260,946 · management and general $254,795

  • 16 · Occupancy

    total $577,163 · program services $556,054 · management and general $21,109

  • 17 · Travel

    total $7,164 · program services $1,233 · management and general $5,931

  • 20 · Interest

    total $1,322,241 · program services $1,322,241

  • 22 · Depreciation, depletion and amortization

    total $2,682,350 · program services $2,392,903 · management and general $289,447

  • 23 · Insurance

    total $201,871 · program services $26 · management and general $201,845

  • 24a · Other expenses: OPERATING AND MEDICAL S

    total $4,102,408 · program services $4,099,616 · management and general $2,792

  • 24b · Other expenses: DINING FOOD COST

    total $511,666 · program services $511,792 · management and general -$126

  • 24c · Other expenses: GRANTS AND OUTREACH

    total $162,870 · program services $162,870

  • 24d · Other expenses: BED TAX

    total $130,900 · program services $130,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,380,126 · end of year $4,260,484

  • 2 · Savings and temporary cash investments

    beginning of year $11,298,394 · end of year $11,643,668

  • 4 · Accounts receivable

    beginning of year $8,526,968 · end of year $7,654,624

  • 8 · Inventories for sale or use

    beginning of year $420,920 · end of year $280,232

  • 9 · Prepaid expenses and deferred charges

    beginning of year $727,771 · end of year $854,950

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

    $67,996,674

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

    $25,703,617

  • 10c · Land, buildings and equipment, net

    beginning of year $45,167,041 · end of year $42,293,057

  • 14 · Intangible assets

    beginning of year $304,974 · end of year $268,428

  • 15 · Other assets

    beginning of year $2,804,690 · end of year $2,339,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,286,807 · end of year $7,412,038

  • 19 · Deferred revenue

    beginning of year $28,156 · end of year $26,768

  • 20 · Tax-exempt bond liabilities

    beginning of year $43,052,907 · end of year $42,347,416

  • 25 · Other liabilities

    beginning of year $37,887,627 · end of year $40,788,413

  • 27 · Net assets without donor restrictions

    beginning of year -$17,339,270 · end of year -$21,676,545

  • 28 · Net assets with donor restrictions

    beginning of year $714,657 · end of year $696,908

Mission and programs · 2024

Mission

OAKWOOD IS CALLED TO SERVE A THRIVING COMMUNITY WHERE SENIORS LIVE WITH DIGNITY, CONNECTION, AND PURPOSE.

Activities or mission (Part I)

OAKWOOD IS A LUTHERAN CHURCH SPONSORED ORGANIZATION WHOSE MISSION IS TO SERVE AGING ADULTS.

  • HEBRON OAKS IS A 60 BED SKILLED NURSING FACILITY, PROVIDING NURSING SERVICES, THERAPY SERVICES, NUTRITION MANAGEMENT, MEDICATION MANAGEMENT, AND LIFE ENRICHMENT ACTIVITIES. DURING 2024, THERE WERE 16,082 CENSUS DAYS OF CARE FOR THESE RESIDENTS. PAYER SOURCES FOR THESE RESIDENT DAYS INCLUDE PRIVATE PAY, MEDICARE, MANAGED CARE, AND MEDICAID. SOME OF THESE PAYER SOURCES DO NOT COVER THE FULL COST OF CARE. HOUSEKEEPING, LAUNDRY, PLANT OPERATIONS/MAINTENANCE, PHARMACY AND REHABILITATION SERVICES ARE ALSO PROVIDED AS PART OF THE OVERALL SERVICES RENDERED. RESIDENTS WHO ARE NOT ELIGIBLE FOR PUBLIC ASSISTANCE AND ARE UNABLE TO PAY MAY BE SUBSIDIZED INTERNALLY.

    Expenses $12,871,962 · Revenue $10,796,620

  • COVENANT OAKS IS A 40 BED DEMENTIA-SPECIFIC ASSISTED LIVING FACILITY. DURING 2024, THERE WERE 13,883 CENSUS DAYS OF CARE FOR THESE RESIDENTS. PAYER SOURCES FOR THESE RESIDENTS INCLUDE PRIVATE PAY AND LIMITED MEDICAID-TYPE PROGRAMS. RESIDENTS WHO ARE NOT ELIGIBLE FOR PUBLIC ASSISTANCE AND ARE UNABLE TO PAY MAY BE SUBSIDIZED INTERNALLY. THE SERVICES PROVIDED INCLUDE NURSING, RESIDENT ASSISTANCE, NUTRITION MANAGEMENT, MEDICATION MANAGEMENT, LIFE ENRICHMENT ACTIVITIES AND PASTORAL CARE.

    Expenses $3,709,940 · Revenue $3,111,788

  • OAKWOOD PHARMACY IS A FULL SERVICE PHARMACY PROVIDING PRESCRIPTION FULFILLMENT, MEDICATION MANAGEMENT, AND RESIDENT CONSULTING SERVICES TO ALL OAKWOOD RESIDENTS.

    Expenses $4,728,945 · Revenue $3,966,499

  • HOME HEALTH PROVIDES PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SKILLED NURSING SERVICES TO OAKWOOD RESIDENTS, AS WELL AS OFF-CAMPUS PATIENTS. PAYER SOURCES FOR THESE SERVICES INCLUDE MEDICARE PART A AND SELECT MEDICARE ADVANTAGE PLANS. HOSPICE PROVIDES MEDICAL, EMOTIONAL, AND SPIRITUAL CARE FOR RESIDENTS AND THEIR LOVED ONES WHEN THEY NEED IT MOST. PAYER SOURCES FOR THESE SERVICES MEDICARE PART A AND HOSPICE BENEFITS PROVIDED BY SOME PRIVATE INSURANCE COMPANIES.

    Expenses $3,011,661 · Revenue $2,526,092

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Hayden

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Kelly Sitkin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tom Vercauteren

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Richard Rossmiller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mary Mertz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janice Hamilton-Crawford

    CEO

    Total calculated
    $644,675
    From this org
    $631,276
    From related orgs
    $0
    Other
    $13,399
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $415,231
    Bonus
    $172,833
    Other
    $43,212
    Deferred
    $0
    Nontaxable benefits
    $13,399
    Filer's total
    $644,675

  • Christine O'Donnell

    CFO

    Total calculated
    $310,542
    From this org
    $301,893
    From related orgs
    $0
    Other
    $8,649
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $236,635
    Bonus
    $53,949
    Other
    $11,309
    Deferred
    $7,630
    Nontaxable benefits
    $1,019
    Filer's total
    $310,542

  • Susan Rafferty

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $358,574
    From this org
    $342,482
    From related orgs
    $0
    Other
    $16,092
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $267,500
    Bonus
    $60,475
    Other
    $14,507
    Deferred
    $5,047
    Nontaxable benefits
    $11,045
    Filer's total
    $358,574

  • Susan Husom

    HOSPITAL CLINICAL DIRECTOR

    Total calculated
    $240,699
    From this org
    $213,786
    From related orgs
    $0
    Other
    $26,913
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $190,337
    Bonus
    $16,100
    Other
    $7,349
    Deferred
    $6,068
    Nontaxable benefits
    $20,845
    Filer's total
    $240,699

  • Angela Studnicka

    PHARMACY DIRECTOR

    Total calculated
    $231,685
    From this org
    $192,500
    From related orgs
    $0
    Other
    $39,185
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $174,003
    Bonus
    $14,444
    Other
    $4,053
    Deferred
    $14,196
    Nontaxable benefits
    $24,989
    Filer's total
    $231,685

  • Jennifer Maina

    VP OF CLINICAL EXCELLENCE

    Total calculated
    $169,855
    From this org
    $152,387
    From related orgs
    $0
    Other
    $17,468
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $150,904
    Bonus
    $1,180
    Other
    $303
    Deferred
    $3,616
    Nontaxable benefits
    $13,852
    Filer's total
    $169,855

  • Madeline Wiger

    EXECUTIVE DIRECTOR

    Total calculated
    $158,420
    From this org
    $145,543
    From related orgs
    $0
    Other
    $12,877
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $142,389
    Bonus
    $2,451
    Other
    $703
    Deferred
    $4,279
    Nontaxable benefits
    $8,598
    Filer's total
    $158,420

  • Tracy Head

    PHARMACIST

    Total calculated
    $183,785
    From this org
    $144,699
    From related orgs
    $0
    Other
    $39,086
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $141,240
    Bonus
    $650
    Other
    $2,809
    Deferred
    $11,203
    Nontaxable benefits
    $27,883
    Filer's total
    $183,785

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • OAKWOOD ACQUISITIONS LLC

    LAND HOLDING COMPANY · WI · income $0 · assets $2,424,827

    Directly controlled by OAKWOOD VILLAGE UNIVERSITY WOODS HOMES INC

Provenance

Return type
form_990
Tax year
2024
Filed
2 October 2025
IRS schema version
2024v5.2
Source object
202512809349301006

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