Multi-Faith Retirement Services Live Oak Retirement Center

Organization Overview

Multi-Faith Retirement Services Live Oak Retirement Center, operating under the name Live Oak Retirement Community, is located in Shreveport, LA. The organization was established in 1977. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 09/2023, Live Oak Retirement Community employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live Oak Retirement Community 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, Live Oak Retirement Community generated $10.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $13.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING HOUSING, HEALTHCARE AND RELATED SERVICES TO THE ELDERLY

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO THE ELDERLY THROUGH THE OPERATION OF A RETIREMENT COMMUNITY CONSISTING OF 150-STAFFED BED SKILLED NURSING FACILITY AND 118 INDEPENDENT LIVING UNITS. THE CENTER PROVIDED 31,197 DAYS OF NURSING SERVICES DURING THE FISCAL YEAR ENDING SEPTEMBER 30,2023, WHICH IS AN AVERAGE OF 85.47 PATIENTS PER DAY. THE CENTER'S INDEPENDENT LIVING HAD A TOTAL OF 24,276 RESIDENT DAYS DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023, WHICH IS AN AVERAGE OF 66.51 RESIDENTS PER DAY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Per Diem Nursing
Nursing Staff
$361,852
Elite Health Solutions Llc
Nursing Staff
$165,364
View All Vendors

Financial Statements

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$10,116,246
Investment income $619
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $362,238
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 $0
Miscellaneous Revenue$0
Total Revenue $10,591,835

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