Oak Meadows
- Assets
- $8.4m
- Revenue
- $4.0m
- Investments
- $233.4k
- Employees
- 125
- Location
- Oakdale, MN
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 41-1823545
Organization Overview
Oak Meadows is located in Oakdale, MN. The organization was established in 1995. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Oak Meadows employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Meadows 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, Oak Meadows generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 6.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INDEPENDENT, ASSISTED AND MEMORY CARE HOUSING AND SERVICES TO SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES A 48-UNIT ASSISTED LIVING FACILITY, A 62-UNIT INDEPENDENT LIVING FACILITY, AND A 12-UNIT MEMORY CARE FACILITY FOR THE ELDERLY. DURING THE YEAR ENDED DECEMBER 31, 2021, THE OCCUPANCY PERCENTAGE WAS 88.8% FOR THE ASSISTED LIVING FACILITY, 86.5% FOR THE INDEPENDENT LIVING FACILITY, AND 68.9% FOR THE MEMORY CARE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Veit Executive Director | Officer | 40 | $80,366 |
Nancy Neubauer President | OfficerTrustee | 1 | $0 |
John Kuhrmeyer Vice President | OfficerTrustee | 1 | $0 |
Elizabeth O'mara Secretary | OfficerTrustee | 1 | $0 |
Rita Shepard Treasurer | OfficerTrustee | 1 | $0 |
Larry Wilford Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,100 |
| Government grants | $224,577 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,402 |
| Total Program Service Revenue | $3,686,880 |
| Investment income | $599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,207 |
| 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 | $1,050 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,996,989 |
| 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. | $85,207 |
| Compensation of current officers, directors, key employees. | $85,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,631,930 |
| Pension plan accruals and contributions | $13,775 |
| Other employee benefits | $268,254 |
| Payroll taxes | $124,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,045 |
| Fees for services: Accounting | $34,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,602 |
| Advertising and promotion | $124,790 |
| Office expenses | $233,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $501,903 |
| Travel | $8,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,871 |
| Interest | $287,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $668,088 |
| Insurance | $68,436 |
| All other expenses | $49,741 |
| Total functional expenses | $4,741,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,477 |
| Savings and temporary cash investments | $486,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,503 |
| 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 | $31,072 |
| Net Land, buildings, and equipment | $7,467,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $233,435 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,039 |
| Total assets | $8,408,001 |
| Accounts payable and accrued expenses | $540,744 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,368,270 |
| Escrow or custodial account liability | $57,327 |
| 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 | $22,050 |
| Total liabilities | $7,988,391 |
| Net assets without donor restrictions | $162,734 |
| Net assets with donor restrictions | $256,876 |
| 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 | $8,408,001 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oak Meadows has recieved totaling $10,038.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Endowment Analysis
| Beg. Balance | $21,684 |
| Earnings | $3,075 |
| Ending Balance | $24,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Development Homes Inc Grand Forks, ND | $18,682,508 | $18,220,422 |
Operation Threshold Inc Waterloo, IA | $5,831,083 | $12,392,663 |
Behavior Management Systems Inc Rapid City, SD | $9,062,713 | $9,945,656 |
Hiawatha Homes Inc Rochester, MN | $2,202,889 | $10,124,635 |
Southeastern Minnesota Center For Independent Living Inc Rochester, MN | $15,920,379 | $9,266,306 |
Community Living Alliance Inc Madison, WI | $5,997,811 | $9,392,799 |
Metropolitan Center For Independent Living St Paul, MN | $2,303,590 | $9,187,850 |
Midwest Special Services Inc Saint Paul, MN | $5,903,622 | $9,663,584 |
Tri-County Community Action Partnership Inc Little Falls, MN | $2,453,529 | $8,687,217 |
Agape Of Appleton Inc Appleton, WI | $4,000,924 | $8,761,360 |
Open Arms Of Minnesota Inc Minneapolis, MN | $6,957,182 | $9,202,815 |
Meta House Inc Milwaukee, WI | $6,354,701 | $8,033,351 |