Oakwood Village Prairie Ridge Apartments Inc

Organization Overview

Oakwood Village Prairie Ridge Apartments Inc is located in Madison, WI. The organization was established in 2000. 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. Oakwood Village Prairie Ridge Apartments 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, Oakwood Village Prairie Ridge Apartments Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 9.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OAKWOOD IS A LUTHERAN CHURCH SPONSORED ORGANIZATION WHOSE MISSION IS TO SERVE AGING ADULTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PIONEER PRAIRIE, SETTLERS RIDGE AND GRASSLANDS IS MADE UP OF 206 INDEPENDENT APARTMENTS. DURING 2021, THERE WERE 66,304 RESIDENT DAYS OF CARE. RESIDENTS HAVE CONTINUING CARE CONTRACTS IN CONJUNCTION WITH UNIT OCCUPANCY. PRICING WAS DEVELOPED TO SERVE RESIDENTS THAT COME FROM A MODEST MIDDLE INCOME PRIMARY MARKET. SERVICES INCLUDE: DAILY CHECK INS, HOUSEKEEPING, MAINTENANCE AND FOOD SERVICE PLANS. THERE IS A FULL TIME SOCIAL WORKER, TRANSPORTATION SERVICES AND LIFE ENRICHMENT ACTIVITIES FOR ALL PHYSICAL AND MENTAL CAPABILITIES AS WELL AS A SECURE ENVIRONMENT WITH NURSING STAFF AVAILABLE AS NEEDED. RESIDENTS RECEIVE PRIORITY ACCESS TO ASSISTED LIVING, SKILLED NURSING AND THERAPY SERVICES IF NEEDED.


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Board, Officers & Key Employees

Name (title)Compensation
Marje Murray
Chair
$0
Calvin Williams
Secretary
$0
Dan Stein
Treasurer
$0
Clifford Strelow
Vice Chair
$0
Jeffrey Hackel
Chief People Officer
$0
Linda Johnson
Chief Financial Officer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Abm Healthcare Support
Healthcare Support Services
$147,424
Heartland Business System Inc
Business Systems
$211,295
Godfrey Kahn Sc
Legal Services
$173,347
Vogel Brothers Building Inc
Construction Services
$102,500
Creative Business Interiors Inc
Business Interior Design
$101,200
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$52
Government grants $0
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$52
Total Program Service Revenue$4,886,248
Investment income $387,059
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,850,480
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,123,839

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Oakwood Village Prairie Ridge Apartments Inc has recieved totaling $96,563.

Awarding OrganizationAmount
Oakwood Foundation Inc

Madison, WI

PURPOSE: GENERAL OPERATIONS

$96,563
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$59,900
Earnings$56,038
Net Contributions$2,406
Other Expense-$6,550
Ending Balance$124,894

Peer Organizations

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