Third And Oak Corporation
- Assets
- $8.0m
- Revenue
- $13.2m
- Investments
- $4.7k
- Employees
- 306
- Location
- Louisville, KY
- Founding
- 10/1980
- Data as of
- 06/2022
- 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 06/2022, Third And Oak Corporation employed 306 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 06/2022, Third And Oak Corporation generated $13.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $14.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY OF INDIVIDUALIZED SERVICE WITH DIGNITY AND RESPECT WHILE HONORING OUR FAITH-BASED TRADITION.
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 Grady Executive Director | Officer | 40 | $175,406 |
Anne Cieminski Chief Financial Officer | Officer | 40 | $148,444 |
Nick Cooper Administrator Of Health Care And Personal Care | 40 | $111,100 | |
Alma Ratliff Registered Nurse | 40 | $106,650 | |
Rhonda Harding Marketing Director | 40 | $103,348 | |
Philip Partenheimer Secretary/treasurer | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hts Ky - Therapy Therapy | 6/29/22 | $598,276 |
Maxim Healthcare Staffing Staffing | 6/29/22 | $140,199 |
Williams Bros Pharmacy Pharmacy | 6/29/22 | $192,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $220,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,235 |
| Total Program Service Revenue | $12,910,169 |
| Investment income | $8,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,211,944 |
| 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. | $309,913 |
| Compensation of current officers, directors, key employees. | $231,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,444,107 |
| Pension plan accruals and contributions | $85,198 |
| Other employee benefits | $370,587 |
| Payroll taxes | $437,016 |
| Fees for services: Management | $38,147 |
| Fees for services: Legal | $74,653 |
| Fees for services: Accounting | $37,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $185,155 |
| Office expenses | $36,366 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $949,526 |
| Travel | $1,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,281,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $605,083 |
| Insurance | $0 |
| All other expenses | $690,965 |
| Total functional expenses | $14,097,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,335,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $541,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,625 |
| Prepaid expenses and deferred charges | $51,484 |
| Net Land, buildings, and equipment | $4,005,986 |
| Investments—publicly traded securities | $24,037 |
| Investments—other securities | $4,710 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,004,096 |
| Accounts payable and accrued expenses | $895,345 |
| 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 | $170,000 |
| Secured mortgages and notes payable | $8,589,629 |
| Unsecured mortgages and notes payable | $2,664,652 |
| Other liabilities | $2,584,229 |
| Total liabilities | $14,903,855 |
| Net assets without donor restrictions | -$6,953,610 |
| Net assets with donor restrictions | $53,851 |
| 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 | $8,004,096 |
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|---|---|---|
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Sunnyside Presbyterian Home Harrisonburg, VA | $146,625,946 | $50,868,403 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
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Otterbein Lebanon Lebanon, OH | $186,378,501 | $44,867,411 |
Williamsburg Landing Inc Williamsburg, VA | $188,766,508 | $45,342,775 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Lakewood Manor Baptist Retirement Community Inc Glen Allen, VA | $206,811,940 | $42,484,506 |
St Augustine Manor Cleveland, OH | $33,180,606 | $40,008,569 |
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