Christopher Place Nonprofit Corp, operating under the name Oakwood Terrace, is located in Brighton, MI. As of 12/2016, Oakwood Terrace employed 102 individuals. Oakwood Terrace 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 12/2016, Oakwood Terrace generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 60.8% each year . All expenses for the organization totaled $2.3m during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A 49 BED PERSONAL CARE FACILITY PROVIDING HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO INDIVIDUALS SUFFERING FROM ALZHEIMER RELATED DEMENTIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 49 BED PERSONAL CARE FACILITY PROVIDING HOUSING, HEALTH CARE AND OTHER RELATED SERVICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janine Kubasko-Starinksy Manager | Officer | 40 | $175,202 |
Nicholas Meima President | Trustee | 5 | $0 |
Greg Adair Treasurer | Trustee | 1 | $0 |
Becky Phelps Secretary | Trustee | 1 | $0 |
Ken Clarkson Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $640 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $640 |
Total Program Service Revenue | $2,385,586 |
Investment income | $9,646 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $4,350,058 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,745,930 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,017,773 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $54,683 |
Payroll taxes | $104,301 |
Fees for services: Management | $176,564 |
Fees for services: Legal | $29,559 |
Fees for services: Accounting | $13,138 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $62,107 |
Office expenses | $35,001 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $131,375 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $258,962 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $168,081 |
Insurance | $87,389 |
All other expenses | $0 |
Total functional expenses | $2,330,280 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,713,141 |
Savings and temporary cash investments | $1,200,978 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $8,284 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,922,403 |
Accounts payable and accrued expenses | $30,821 |
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 | $0 |
Other liabilities | $1,000 |
Total liabilities | $31,821 |
Unrestricted restricted net Assets | $4,890,582 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $4,890,582 |
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