Royale Oaks House Of Hope
- Assets
- $4.1m
- Revenue
- $537.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-0808357
Organization Overview
Royale Oaks House Of Hope is located in Omaha, NE. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royale Oaks House Of Hope 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, Royale Oaks House Of Hope generated $537.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $807.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROYALE OAKS HOUSE OF HOPE'S PRIMARY ACTIVITY IS TO HOLD THE ASSETS OF ROYALE OAKS AND HOUSE OF HOPE ALZHEIMER'S CARE AND CHARGE A RENTAL FEE TO FLORENCE HOME, THE COMPANY OPERATING ROYALE OAKS AND HOUSE OF HOPE ALZHEIMER'S CARE ASSISTED LIVING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROYALE OAKS HOUSE OF HOPE WAS INCORPORATED TO SUPPORT FLORENCE HOME BY SERVICING A FHA-INSURED, NON-RECOURSE LOAN. ROYALE OAKS HOUSE OF HOPE, A SINGLE ASSET ENTITY, WILL HOLD THE ASSETS OF ROYALE OAKS AND HOUSE OF HOPE ALZHEIMER'S CARE AND CHARGE A RENTAL FEE TO FLORENCE HOME, THE COMPANY OPERATING THE ASSISTED LIVING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Jordan President/ceo | OfficerTrustee | 2 | $0 |
Debra Thacker CFO | OfficerTrustee | 2 | $0 |
Phil Christensen Chairman | OfficerTrustee | 1 | $0 |
Robert Bloechle Treasurer | OfficerTrustee | 1 | $0 |
Mark Higgins Secretary | OfficerTrustee | 1 | $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 | $120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120 |
| Total Program Service Revenue | $544,777 |
| Investment income | $529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,911 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $489,241 |
| Insurance | $122,567 |
| All other expenses | $0 |
| Total functional expenses | $807,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,835 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,352 |
| Net Land, buildings, and equipment | $3,202,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $686,422 |
| Total assets | $4,073,796 |
| Accounts payable and accrued expenses | $32,510 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,095,542 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,128,052 |
| Net assets without donor restrictions | -$2,054,256 |
| 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 | $4,073,796 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Royale Oaks House Of Hope has recieved totaling $281,841.
| Awarding Organization | Amount |
|---|---|
Midwest Geriatrics Inc Omaha, NE PURPOSE: FINANCIAL ASSISTANCE FOR OPERATIONS. | $193,000 |
Florence Home For The Aged Omaha, NE PURPOSE: TO ASSIST WITH ONGOING NEEDS OF THE ORGANIZATION | $88,841 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Daniels Fund Denver, CO | $0 | $97,503,421 |
William And Ruth Scott Family Foundation Inc Omaha, NE | $135,118,169 | $49,281,960 |
The Harry J Lloyd Charitable Trust Overland Park, KS | $0 | $292,469 |
John P Ellbogen Foundation Laramie, WY | $46,423,424 | $5,451,826 |
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Business Technology Career Opportunities Inc Wichita, KS | $9,779,338 | $4,681,972 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Dreiseszun Family Foundation Overland Park, KS | $64,188,669 | $5,783,291 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |