Oak Crest Senior Housing
- Assets
- $3.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Roseau, MN
- Founding
- 02/2004
- Data as of
- 09/2022
- EIN
- 75-3110951
Organization Overview
Oak Crest Senior Housing is located in Roseau, MN. The organization was established in 2004. 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. As of 09/2022, Oak Crest Senior Housing employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Crest Senior Housing 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 09/2022, Oak Crest Senior Housing generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A 43 UNIT ASSISTED LIVING HOUSING FACILITY FOR SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 43 UNIT ASSISTED LIVING HOUSING FACILITY WITH SERVICES AND ACTIVITIES FOR SENIORS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanne Vatnsdal Housing And Finance Direct | Officer | 40 | $72,307 |
Shana Lanctot Managing Director | Officer | 40 | $34,815 |
Barbara Erickson Chairman | Trustee | 3 | $0 |
Gwen Hasson Vice-Chairman | Trustee | 3 | $0 |
Todd Lund Secretary | Trustee | 3 | $0 |
Stuart Mcfarlane Treasurer | Trustee | 3 | $0 |
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 | $819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819 |
| Total Program Service Revenue | $1,037,412 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,249,522 |
| 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. | $107,122 |
| Compensation of current officers, directors, key employees. | $107,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $446,945 |
| Pension plan accruals and contributions | $7,041 |
| Other employee benefits | $1,387 |
| Payroll taxes | $44,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,723 |
| Advertising and promotion | $6,550 |
| Office expenses | $0 |
| Information technology | $10,248 |
| Royalties | $0 |
| Occupancy | $67,138 |
| Travel | $1,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,711 |
| Interest | $66,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,784 |
| Insurance | $51,086 |
| All other expenses | $11,846 |
| Total functional expenses | $1,248,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,805 |
| Savings and temporary cash investments | $32,226 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $243,766 |
| 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 | $31,835 |
| Net Land, buildings, and equipment | $3,085,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,300 |
| Total assets | $3,476,524 |
| Accounts payable and accrued expenses | $80,587 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,816,298 |
| 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 | $0 |
| Total liabilities | $1,896,885 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,124,861 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $454,778 |
| Total liabilities and net assets/fund balances | $3,476,524 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oak Crest Senior Housing has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Bethany On 42nd Fargo, ND | $42,982,371 | $19,570,716 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |
Walker Senior Services Inc Minnetonka, MN | $9,398,482 | $5,933,474 |
Living Community Of St Joseph Minneapolis, MN | $23,852,740 | $12,020,800 |