Oak Crest Residence Association
- Assets
- $5.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 53
- Location
- Elgin, IL
- Founding
- 08/1942
- Data as of
- 06/2021
- EIN
- 36-2182083
Organization Overview
Oak Crest Residence Association is located in Elgin, IL. The organization was established in 1942. 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 06/2021, Oak Crest Residence Association employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Crest Residence Association 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 06/2021, Oak Crest Residence Association generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 6 years. 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
LOW-COST HOUSING AND HEALTH CARE FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING & HEALTH CARE FOR THE ELDERLY.
THE ORGANIZATION PROVIDES HOUSING & HEALTH CARE FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Cincinelli Executive Director | Officer | 60 | $112,716 |
Margaret Walter Board Member | Trustee | 2 | $89,094 |
Michael Deloncker Chairman | OfficerTrustee | 2 | $0 |
Tom Rakow Past President | Trustee | 2 | $0 |
Greg Schneider Board Member | Trustee | 2 | $0 |
Robert Jordan Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,284 |
| Total Program Service Revenue | $1,613,241 |
| Investment income | $44,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,835,582 |
| 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. | $110,550 |
| Compensation of current officers, directors, key employees. | $71,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $646,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,396 |
| Payroll taxes | $63,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $290 |
| Advertising and promotion | $15,783 |
| Office expenses | $2,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $172,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,150 |
| Insurance | $58,189 |
| All other expenses | $40,969 |
| Total functional expenses | $1,688,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $610,192 |
| Savings and temporary cash investments | $426,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,995 |
| Net Land, buildings, and equipment | $3,706,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,098,619 |
| Total assets | $5,861,183 |
| Accounts payable and accrued expenses | $68,866 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $2,858,114 |
| Other liabilities | $0 |
| Total liabilities | $2,926,980 |
| Net assets without donor restrictions | $1,835,584 |
| Net assets with donor restrictions | $1,098,619 |
| 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 | $5,861,183 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oak Crest Residence Association has recieved totaling $32.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
| Beg. Balance | $457,187 |
| Earnings | $31,481 |
| Ending Balance | $488,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Central Baptist Home For The Aged Norridge, IL | $67,571,437 | $21,182,649 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Good Samaritan Home Of Quincy Quincy, IL | $32,676,656 | $19,097,575 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
Covenant Home Illinois Northbrook, IL | $166,475,205 | $19,986,763 |
Meridian Village Association St Louis, MO | $41,915,755 | $18,412,695 |
Swiss Village Inc Berne, IN | $36,821,357 | $17,319,920 |