Royal Oak Community Ltd
- Assets
- $8.6m
- Revenue
- $3.8m
- Investments
- $889.8k
- Employees
- 72
- Location
- Dalton, GA
- Founding
- 08/1992
- Data as of
- 09/2023
- EIN
- 58-1970228
Organization Overview
Royal Oak Community Ltd is located in Dalton, GA. The organization was established in 1992. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 09/2023, Royal Oak Community Ltd employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Oak Community Ltd 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 09/2023, Royal Oak Community Ltd generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $4.1m during the year ending 09/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF ROYAL OAK IS TO PROVIDE A COMFORTABLE AND SECURE RESIDENTIAL LIFESTYLE TO RESIDENTS WITHIN A CARING ENVIRONMENT, WHICH OFFERS AN ATTRACTIVE ARRAY OF PERSONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF ROYAL OAK COMMUNITY IS TO PROVIDE INDEPENDENT AND ASSISTED LIVING SERVICES IN A SAFE AND SECURE ENVIRONMENT AND TO OFFER OUR RESIDENTS OPPORTUNITIES TO PARTICIPATE IN SOCIAL AND CULTURAL ACTIVITIES. ROYAL OAK HAS 72 INDEPENDENT AND 42 ASSISTED LIVING UNITS AVAILABLE FOR OCCUPANCY. AT SEPTEMBER 30, 2023, THERE WERE 51 INDEPENDENT AND 41 ASSISTED LIVING UNITS OCCUPIED PROVIDING HOUSING FOR 100 RESIDENTS.ACTIVITIES AVAILABLE FOR RESIDENT PARTICIPATION INCLUDE BI-WEEKLY BIBLE STUDY CONDUCTED BY LOCAL MINISTERS, EXERCISE CLASSES HELD TWO TIMES PER WEEK, AS WELL AS TRANSPORTATION TO BRADLEY WELLNESS CENTER, MONTHLY BIRTHDAY PARTIES FOR RESIDENTS, CELEBRATIONS OF VARIOUS HOLIDAYS INCLUDING VALENTINE'S DAY, EASTER, THE 4TH OF JULY, CHRISTMAS, HANNUKAH, AND NEW YEAR'S DAY, TRANSPORTATION TO THEATERS AND MUSEUMS, WEEKLY AIRING OF THE MOST RECENT MOVIE RELEASES, PERFORMANCES ON SITE BY WORLD CLASS MUSICIANS WHO HAVE PERFORMED IN OPERA HOUSES WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey D Myers President/ceo And Vice Chair | OfficerTrustee | 1 | $0 |
Sandra D Mckenzie Trustee | Trustee | 1 | $0 |
Julie A Soekoro Assistant Treasurer | Officer | 1 | $0 |
Steven P Bridenstine Assistant Treasurer | Officer | 1 | $0 |
Joshua Rochester Executive Director | 40 | $128,094 | |
Toni Thompson Counselor | 40 | $110,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kim L Woods Construction Inc General Contractor | 9/29/23 | $383,287 |
Johnson Controls Support Services | 9/29/23 | $217,110 |
Assist Healthcare Services Inc Nurse Staffing | 9/29/23 | $131,613 |
Johnson Controls Fire Protection Lp Support Services | 9/29/23 | $124,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300 |
| 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 | $300 |
| Total Program Service Revenue | $3,523,622 |
| Investment income | $108,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,806,850 |
| 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 | $1,832,874 |
| Pension plan accruals and contributions | $47,213 |
| Other employee benefits | $351,809 |
| Payroll taxes | $109,153 |
| Fees for services: Management | $210,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,265 |
| Fees for services: Other | $252,731 |
| Advertising and promotion | $4,881 |
| Office expenses | $634,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $216,044 |
| Travel | $1,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $128,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,807 |
| Insurance | $45,768 |
| All other expenses | $1,125 |
| Total functional expenses | $4,050,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,486 |
| Savings and temporary cash investments | $94,213 |
| 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 | $175 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,395 |
| Net Land, buildings, and equipment | $2,793,074 |
| Investments—publicly traded securities | $4,607,588 |
| Investments—other securities | $889,804 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,577,735 |
| Accounts payable and accrued expenses | $702,646 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,970,000 |
| 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 | $4,614,500 |
| Total liabilities | $8,287,146 |
| Net assets without donor restrictions | $290,589 |
| Net assets with donor restrictions | $0 |
| 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 | $8,577,735 |