Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $18,375

• 1e · Government grants (contributions)

  $505,185

• 1f · All other contributions, gifts and grants

  $1,681,168

• 1g · Noncash contributions included above

  $601,024

• 2a · Program service revenue: RESIDENT FEES

  total $81,523,931 · related or exempt $81,523,931

• 2b · Program service revenue: ANCILLARY FEES

  total $8,396,422 · related or exempt $8,396,422

• 2c · Program service revenue: RESIDENT DEPOSITS

  total $611,928 · related or exempt $611,928

• 2d · Program service revenue: PROCESSING FEES

  total $600 · related or exempt $600

• 3 · Investment income

  total $216,612 · excluded $216,612

• 6a · Gross rents

  real property $406,471

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $406,471

• 6d · Net rental income or loss

  total $406,471 · excluded $406,471

• 7a · Gross sales of assets other than inventory

  other assets $13,747

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

  securities $56,201 · other assets $0

• 7c · Gain or loss

  securities -$56,201 · other assets $13,747

• 7d · Net gain or loss

  total -$42,454 · excluded -$42,454

• 8a · Fundraising events: gross income

  $108,340

• 8a · Fundraising events: contributions included on line 1c

  $18,375

• 8b · Fundraising events: direct expenses

  $32,925

• 8c · Net income from fundraising events

  total $75,415 · excluded $75,415

• 11a · Other revenue: PANDEMIC RELATED RESID

  total $2,249 · excluded $2,249

• 11e · Other revenue, total

  $2,249

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $17,242 · program services $17,242

• 2 · Grants to domestic individuals

  total $239,944 · program services $239,944

• 5 · Compensation of officers, directors and key employees

  total $455,111 · management and general $455,111

• 7 · Other salaries and wages

  total $38,571,861 · program services $33,371,369 · management and general $5,067,250 · fundraising $133,242

• 8 · Pension plan contributions

  total $737,402 · program services $627,161 · management and general $107,596 · fundraising $2,645

• 9 · Other employee benefits

  total $4,726,887 · program services $3,793,370 · management and general $915,032 · fundraising $18,485

• 10 · Payroll taxes

  total $2,988,543 · program services $2,557,294 · management and general $421,215 · fundraising $10,034

• 11a · Fees: management

  total $3,736,177 · program services $3,736,177

• 11b · Fees: legal

  total $41,923 · management and general $41,923

• 11c · Fees: accounting

  total $76,878 · management and general $76,878

• 11f · Fees: investment management

  total $11,021 · management and general $11,021

• 11g · Fees: other

  total $10,167,850 · program services $3,701,336 · management and general $6,466,514

• 12 · Advertising and promotion

  total $2,762,244 · program services $2,762,244

• 13 · Office expenses

  total $9,721,857 · program services $8,423,127 · management and general $1,284,257 · fundraising $14,473

• 16 · Occupancy

  total $4,707,574 · program services $4,707,574

• 17 · Travel

  total $95,615 · program services $54,922 · management and general $40,654 · fundraising $39

• 20 · Interest

  total $3,843,103 · program services $3,813,103 · management and general $30,000

• 22 · Depreciation, depletion and amortization

  total $19,892,448 · program services $19,892,448

• 23 · Insurance

  total $970,869 · program services $970,869

• 24a · Other expenses: EQUIPMENT RENTAL

  total $1,486,024 · program services $1,455,308 · management and general $30,716

• 24b · Other expenses: CHARITY CARE

  total $836,983 · program services $836,983

• 24c · Other expenses: RESIDENT RELATIONS

  total $486,056 · program services $317,331 · management and general $168,707 · fundraising $18

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,855 · end of year $4,855

• 2 · Savings and temporary cash investments

  beginning of year $31,810,685 · end of year $26,640,184

• 4 · Accounts receivable

  beginning of year $4,238,784 · end of year $4,569,648

• 7 · Other notes and loans receivable

  beginning of year $7,378,778 · end of year $4,233,026

• 8 · Inventories for sale or use

  beginning of year $290,138 · end of year $221,949

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,516,331 · end of year $1,460,890

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

  $433,356,851

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

  $240,599,749

• 10c · Land, buildings and equipment, net

  beginning of year $190,969,106 · end of year $192,757,102

• 11 · Investments: publicly traded securities

  beginning of year $6,252,481 · end of year $3,498,216

• 12 · Investments: other securities

  beginning of year $253,095,176 · end of year $210,221,953

• 17 · Accounts payable and accrued expenses

  beginning of year $9,465,605 · end of year $9,979,413

• 20 · Tax-exempt bond liabilities

  beginning of year $111,163,590 · end of year $108,535,644

• 21 · Escrow or custodial account liability

  beginning of year $1,191,800 · end of year $913,900

• 25 · Other liabilities

  beginning of year $373,913,036 · end of year $377,188,686

• 27 · Net assets without donor restrictions

  beginning of year -$2,981,458 · end of year -$55,699,816

• 28 · Net assets with donor restrictions

  beginning of year $2,803,761 · end of year $2,689,996

The filer's explanations (Part III)

PART I, LINE 4A

SEVERANCE PAYMENT, MICHELLE BOHREER - $135,625.

PART I, LINE 7

THE EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED A DISCRETIONARY BONUS DURING THE YEAR.

SCHEDULE J, PART II:

MARK ROUSSEY IS LISTED IN SCHEDULE J, PART II AND IS AN EMPLOYEE OF ERICKSON SENIOR LIVING, LLC ("ESL"), AN UNRELATED ORGANIZATION TO OAK CREST VILLAGE, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN OAK CREST VILLAGE, INC. AND ESL. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ESL IS THE ISSUER OF THIS FORM W-2. UNDER THE MANAGEMENT AGREEMENT, OAK CREST VILLAGE, INC. REIMBURSES ESL FOR THE COST OF SERVICES PERFORMED FOR OAK CREST VILLAGE, INC.

Disregarded entities

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

• OAK CAMPUS PARTNERS LLC

  OWNER OF LAND AND BUILDING · MD · income $0 · assets $303,000,000

  Directly controlled by OAK CREST VILLAGE INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• NATIONAL CCRC BUSINESS TRUST I

  EXCLUDED · CHARITABLE BUSINESS TRUST · MD · 20.1% owned · share of income $7,273,167 · share of assets $206,418,180

  Directly controlled by NATIONAL SENIOR COMMUNITIES INC

• NATIONAL CCRC STATUTORY TIER IV TRUST

  EXCLUDED · CHARITABLE BUSINESS TRUST · MD · 25% owned · share of income $95,686 · share of assets $7,629,897

  Directly controlled by NATIONAL SENIOR COMMUNITIES INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• THE TALON BAR COMPANY

  C · LIQUOR LICENSE HOLDER FOR EAGLE'S TRACE · TX