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Nonprofiteer
← OAKWOOD VILLAGE UNIVERSITY WOODS HOMES INC

Form 990 for tax year 2023

Filed by OAKWOOD VILLAGE UNIVERSITY WOODS HOMES INC.

Totals

Total revenue
$19,692,710
Total expenses
$26,952,747
Contributions and grants received
$4,029,378
Grants paid
$0
Program service revenue
$15,523,541
Investment income
$108,214
Other revenue
$31,577
Total assets, end of year
$73,630,884
Total liabilities, end of year
$90,255,497
Net assets or fund balances, end of year
-$16,624,613
Program services expenses (Part IX)
$23,889,886
Management and general expenses
$3,062,861
Fundraising expenses
$0
Program service expenses (Part III)
$23,889,886

Program services were 88.6% 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

    $2,132,566

  • 1e · Government grants (contributions)

    $1,896,812

  • 2a · Program service revenue: NET SERVICE FEES

    total $15,523,541 · related or exempt $15,523,541

  • 3 · Investment income

    total $102,436 · excluded $102,436

  • 7a · Gross sales of assets other than inventory

    securities $8,118,437 · other assets $4,332

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

    securities $8,116,991 · other assets $0

  • 7c · Gain or loss

    securities $1,446 · other assets $4,332

  • 7d · Net gain or loss

    total $5,778 · excluded $5,778

  • 11a · Other revenue: MISCELLANEOUS

    total $31,577 · related or exempt $31,577

  • 11e · Other revenue, total

    $31,577

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $288,107 · program services $259,296 · management and general $28,811

  • 7 · Other salaries and wages

    total $10,525,224 · program services $9,464,668 · management and general $1,060,556

  • 8 · Pension plan contributions

    total $323,287 · program services $289,237 · management and general $34,050

  • 9 · Other employee benefits

    total $1,911,143 · program services $1,546,478 · management and general $364,665

  • 10 · Payroll taxes

    total $796,458 · program services $712,947 · management and general $83,511

  • 11b · Fees: legal

    total $128,878 · management and general $128,878

  • 11f · Fees: investment management

    total $3,273 · management and general $3,273

  • 11g · Fees: other

    total $2,773,690 · program services $2,321,393 · management and general $452,297

  • 12 · Advertising and promotion

    total $157,283 · program services $46,324 · management and general $110,959

  • 13 · Office expenses

    total $498,157 · program services $441,699 · management and general $56,458

  • 14 · Information technology

    total $477,601 · program services $214,879 · management and general $262,722

  • 16 · Occupancy

    total $846,129 · program services $787,234 · management and general $58,895

  • 17 · Travel

    total $8,100 · program services $7,807 · management and general $293

  • 20 · Interest

    total $1,184,999 · program services $1,184,989 · management and general $10

  • 22 · Depreciation, depletion and amortization

    total $2,497,733 · program services $2,297,596 · management and general $200,137

  • 23 · Insurance

    total $205,805 · program services -$1,014 · management and general $206,819

  • 24a · Other expenses: PHARMACY

    total $2,981,898 · program services $2,977,150 · management and general $4,748

  • 24b · Other expenses: DINING FOOD COST

    total $692,373 · program services $692,247 · management and general $126

  • 24c · Other expenses: OPERATING AND MEDICAL S

    total $422,134 · program services $416,481 · management and general $5,653

  • 24d · Other expenses: BED TAX

    total $168,300 · program services $168,300

  • 24e · All other expenses

    total $62,175 · program services $62,175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,601,326 · end of year $4,380,126

  • 2 · Savings and temporary cash investments

    beginning of year $2,061,772 · end of year $11,298,394

  • 4 · Accounts receivable

    beginning of year $627,879 · end of year $8,526,968

  • 8 · Inventories for sale or use

    beginning of year $509,561 · end of year $420,920

  • 9 · Prepaid expenses and deferred charges

    beginning of year $667,680 · end of year $727,771

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

    $67,936,675

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

    $22,769,634

  • 10c · Land, buildings and equipment, net

    beginning of year $47,739,134 · end of year $45,167,041

  • 14 · Intangible assets

    beginning of year $341,521 · end of year $304,974

  • 15 · Other assets

    beginning of year $7,792,119 · end of year $2,804,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,069,358 · end of year $9,286,807

  • 19 · Deferred revenue

    beginning of year $5,379 · end of year $28,156

  • 20 · Tax-exempt bond liabilities

    beginning of year $43,366,471 · end of year $43,052,907

  • 25 · Other liabilities

    beginning of year $30,213,996 · end of year $37,887,627

  • 27 · Net assets without donor restrictions

    beginning of year -$10,165,040 · end of year -$17,339,270

  • 28 · Net assets with donor restrictions

    beginning of year $850,828 · end of year $714,657

Mission and programs · 2023

Mission

OAKWOOD IS A LUTHERAN MINISTRY SERVING GENERATIONS OF AGING ADULTS, ENCOURAGING INDIVIDUALITY, WORTH AND WELL-BEING THROUGHOUT LIFE.

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 2023, THERE WERE 12,590 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 $12,371,704 · Revenue $8,055,431

  • COVENANT OAKS IS A 40 BED DEMENTIA-SPECIFIC ASSISTED LIVING FACILITY. DURING 2023, THERE WERE 13,638 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 $4,863,116 · Revenue $3,166,459

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

    Expenses $4,458,951 · Revenue $2,903,300

  • 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 $2,196,115 · Revenue $1,429,928

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peder Moren

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Calvin Williams

    CHAIR, INTERIM CEO (THRU MAR)

    Total calculated
    $44,135
    From this org
    $44,135
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 30 related

  • Kelly Sitkin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Stan York

    VICE CHAIR (THROUGH MAY)

    Total calculated
    $0
    Hours/week
    2

  • Tom Hanson

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Richard Rossmiller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mary Mertz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Stein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jill Derr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Curtis Bush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dorothy Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barbara Gessner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Rivers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joy Gander

    DIRECTOR (THRU NOV)

    Total calculated
    $0
    Hours/week
    2

  • Wendy Molaska

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Hayden

    INTERIM CEO (THROUGH OCT)

    Total calculated
    $124,828
    From this org
    $124,712
    From related orgs
    $0
    Other
    $116
    Hours/week
    10 + 30 related

  • Marjorie Murray

    CHIEF OPERATING OFFICER (THROUGH OCT)

    Total calculated
    $256,172
    From this org
    $242,865
    From related orgs
    $0
    Other
    $13,307
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $242,865
    Bonus
    $0
    Other
    $0
    Deferred
    $3,311
    Nontaxable benefits
    $9,996
    Filer's total
    $256,172

  • Linda Johnson

    CFO (THROUGH FEB)

    Total calculated
    $76,268
    From this org
    $70,412
    From related orgs
    $0
    Other
    $5,856
    Hours/week
    10 + 30 related

  • Janice Hamilton-Crawford

    PRESIDENT AND CEO

    Total calculated
    $80,390
    From this org
    $80,371
    From related orgs
    $0
    Other
    $19
    Hours/week
    10 + 30 related

  • Christine O'Donnell

    CHIEF FINANCIAL OFFICER

    Total calculated
    $258,199
    From this org
    $250,310
    From related orgs
    $0
    Other
    $7,889
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $250,310
    Bonus
    $0
    Other
    $0
    Deferred
    $7,309
    Nontaxable benefits
    $580
    Filer's total
    $258,199

  • Madeline Wiger

    EXECUTIVE DIRECTOR

    Total calculated
    $137,651
    From this org
    $128,054
    From related orgs
    $0
    Other
    $9,597
    Hours/week
    10 + 30 related

  • Susan Rafferty

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $174,782
    From this org
    $174,695
    From related orgs
    $0
    Other
    $87
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $174,695
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $87
    Filer's total
    $174,782

  • Michelle Knutson

    CONTROLLER

    Total calculated
    $174,828
    From this org
    $161,607
    From related orgs
    $0
    Other
    $13,221
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $161,607
    Bonus
    $0
    Other
    $0
    Deferred
    $4,927
    Nontaxable benefits
    $8,294
    Filer's total
    $174,828

  • Angela Studnicka

    PHARMACY DIRECTOR

    Total calculated
    $190,570
    From this org
    $170,152
    From related orgs
    $0
    Other
    $20,418
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $170,152
    Bonus
    $0
    Other
    $0
    Deferred
    $6,765
    Nontaxable benefits
    $13,653
    Filer's total
    $190,570

  • Jennifer Maina

    VP OF CLINICAL EXCELLENCE

    Total calculated
    $169,081
    From this org
    $146,850
    From related orgs
    $0
    Other
    $22,231
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $146,850
    Bonus
    $0
    Other
    $0
    Deferred
    $4,550
    Nontaxable benefits
    $17,681
    Filer's total
    $169,081

  • Kimberly Gochanour

    EXECUTIVE DIRECTOR

    Total calculated
    $173,317
    From this org
    $150,555
    From related orgs
    $0
    Other
    $22,762
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $150,555
    Bonus
    $0
    Other
    $0
    Deferred
    $5,243
    Nontaxable benefits
    $17,519
    Filer's total
    $173,317

  • Susan Husom

    HOSPICE CLINICAL DIRECTOR

    Total calculated
    $162,806
    From this org
    $141,626
    From related orgs
    $0
    Other
    $21,180
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $141,626
    Bonus
    $0
    Other
    $0
    Deferred
    $1,640
    Nontaxable benefits
    $19,540
    Filer's total
    $162,806

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
2023
Filed
23 September 2024
IRS schema version
2023v5.1
Source object
202412769349301726

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