Chapel Oaks Inc
- Assets
- $15.7m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 16-1489340
Organization Overview
Chapel Oaks Inc is located in Rochester, NY. The organization was established in 1996. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapel Oaks Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Chapel Oaks Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INDEPENDENCE, PHYSICAL & SPIRITUAL WELL-BEING OF OLDER ADULTS VIA HOUSING & SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPEL OAKS INC. OFFERS 120 MARKET RATE RENTAL APARTMENTS FOR RETIREMENT LIVING WITH SUPPORTIVE SERVICES THAT INCLUDE MEALS, TRANSPORTATION, SOCIAL AND CULTURAL ACTIVITIES AND AN ON-SITE FITNESS ROOM AND SALON. DURING 2021, CHAPEL OAKS PROVIDED 40,123 DAYS OF HOUSING TO SENIORS IN THE GREATER ROCHESTER AREA.
CONTRIBUTION TO RELATED PARTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Salluzzo Chair | OfficerTrustee | 1 | $0 |
James Leo Treasurer | OfficerTrustee | 1 | $0 |
John Hayes Board Chair Elect | OfficerTrustee | 1 | $0 |
Michael Mcrae President & CEO | OfficerTrustee | 1 | $0 |
Jennifer Blackchief VP Strategy And Housing | Officer | 4 | $0 |
Eileen Ryan-Maruke VP Of Marketing | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glenn-douglas Constructors Llc Construction Services | 12/30/17 | $346,734 |
Main-ford General Supply Co Restaurant Supply | 12/30/17 | $101,822 |
Ruston Paving Co Inc Paving Services | 12/30/17 | $146,256 |
Us Foodservice Inc Food Service | 12/30/17 | $109,360 |
Postler & Jaeckle Corporation Construction | 12/30/17 | $168,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $267,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,465 |
| Total Program Service Revenue | $4,150,110 |
| Investment income | $121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $986 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,806,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,775 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $867,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $177,613 |
| Payroll taxes | $62,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $326 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,007 |
| Advertising and promotion | $83,515 |
| Office expenses | $9,040 |
| Information technology | $94,557 |
| Royalties | $0 |
| Occupancy | $176,511 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $259,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,176,272 |
| Insurance | $59,584 |
| All other expenses | $30,674 |
| Total functional expenses | $4,058,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,567 |
| Savings and temporary cash investments | $362,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,625 |
| Prepaid expenses and deferred charges | $14,333 |
| Net Land, buildings, and equipment | $9,453,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,547,842 |
| Total assets | $15,694,049 |
| Accounts payable and accrued expenses | $678,900 |
| Grants payable | $0 |
| Deferred revenue | $60,985 |
| Tax-exempt bond liabilities | $5,722,619 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $352,892 |
| Total liabilities | $6,815,396 |
| Net assets without donor restrictions | $8,873,994 |
| Net assets with donor restrictions | $4,659 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,694,049 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chapel Oaks Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
St Anns Foundation Inc Rochester, NY PURPOSE: SUBSTANTIAL SUPPORT TO CAPITAL IMPROVEMENTS, DIRECT SUPPORT TO PROGRAMS INCLUDING STAFF EDUCTION AND RESIDENT QUALITY OF LIFE. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |