Oak Hammock At The University Of Florida Inc

Organization Overview

Oak Hammock At The University Of Florida Inc is located in Gainesville, FL. The organization was established in 1999. 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 12/2021, Oak Hammock At The University Of Florida Inc employed 614 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Hammock At The University Of Florida 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, Oak Hammock At The University Of Florida Inc generated $38.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $37.7m during the year ending 12/2021. While expenses have increased by 4.1% 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

OPERATION OF A RETIREMENT COMMUNITY DESIGNED TO MEET THE NEEDS OF THE AGED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OAK HAMMOCK OWNS AND OPERATES A RETIREMENT COMMUNITY LOCATED IN GAINESVILLE, FLORIDA, AND PROVIDES HOUSING, LIFELONG LEARNING, HEALTH CARE, AND OTHER RELATED SERVICES TO SENIOR ADULTS. THE COMMUNITY CURRENTLY CONSISTS OF 269 RESIDENTIAL UNITS (212 APARTMENTS AND 57 VILLAS AND HOMES), 46 ASSISTED LIVING UNITS, 24 MEMORY CARE ASSISTED LIVING UNITS, AND A 73-BED SKILLED NURSING CENTER. DURING THE CURRENT YEAR, THERE WERE 178,120 RESIDENT DAYS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,312,695
All other contributions, gifts, grants, and similar amounts not included above$251,278
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,563,973
Total Program Service Revenue$35,818,199
Investment income $620,245
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$74,204
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,928,213

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Oak Hammock At The University Of Florida Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Doctorbird Foundation

Wilmington, DE

PURPOSE: BENEVOLENT FUND TO ASSIST THOSE IN NEED

$50,000
View Grant Recipient Profile

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