Third And Oak Corporation
- Assets
- $9.1m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 311
- Location
- Louisville, KY
- Founding
- 10/1980
- Data as of
- 06/2023
- EIN
- 31-0986103
Organization Overview
Third And Oak Corporation is located in Louisville, KY. The organization was established in 1980. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2023, Third And Oak Corporation employed 311 individuals. This organization is the central organization for a national or regional group of organizations. Third And Oak Corporation 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 06/2023, Third And Oak Corporation generated $16.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $14.8m during the year ending 06/2023. While expenses have increased by 1.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY OF INDIVIDUALIZED SERVICE TO ALL, WITH DIGNITY AND RESPECT, AND IN GRATITUDE FOR OUR FAITH-BASED HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A CONTINUUM OF CARE FOR SENIORS INCLUDING INDEPENDENT LIVING, PERSONAL CARE AND SKILLED NURSING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gary Member | Trustee | 0.25 | $0 |
Susan Barnett Vice-President | OfficerTrustee | 0.25 | $0 |
Philip Partenheimer Secretary/treasurer | OfficerTrustee | 0.25 | $0 |
Patricia Simonis Member | Trustee | 0.25 | $0 |
A Thomas Hardy Member | Trustee | 0.25 | $0 |
Paul Lape Member | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gale Healthcare Solutions Staffing | 6/29/23 | $232,647 |
Hts Ky - Therapy Therapy | 6/29/23 | $632,803 |
Networks Connect Staffing Staffing | 6/29/23 | $165,428 |
Nursestat Agency Staffing Staffing | 6/29/23 | $108,087 |
Medcare Pharmacy Pharmacy | 6/29/23 | $118,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,267,044 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,383,650 |
| Total Program Service Revenue | $13,982,091 |
| Investment income | $14,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,376,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $343,898 |
| Compensation of current officers, directors, key employees. | $258,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,133,257 |
| Pension plan accruals and contributions | $88,540 |
| Other employee benefits | $392,091 |
| Payroll taxes | $520,131 |
| Fees for services: Management | $15,011 |
| Fees for services: Legal | $40,735 |
| Fees for services: Accounting | $20,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $172,219 |
| Office expenses | $38,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,095,336 |
| Travel | $9,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $416,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $616,261 |
| Insurance | $0 |
| All other expenses | $774,665 |
| Total functional expenses | $14,785,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,005,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373,331 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,978 |
| Prepaid expenses and deferred charges | $59,047 |
| Net Land, buildings, and equipment | $4,275,550 |
| Investments—publicly traded securities | $33,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,271,962 |
| Total assets | $9,064,196 |
| Accounts payable and accrued expenses | $885,253 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,467,313 |
| Unsecured mortgages and notes payable | $1,966,801 |
| Other liabilities | $3,043,729 |
| Total liabilities | $14,363,096 |
| Net assets without donor restrictions | -$5,355,452 |
| Net assets with donor restrictions | $56,552 |
| 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 | $9,064,196 |