Copeland Oaks
- Assets
- $16.4m
- Revenue
- $14.4m
- Investments
- $754.2k
- Employees
- 295
- Location
- Sebring, OH
- Founding
- 02/1967
- Data as of
- 06/2022
- EIN
- 34-0941565
Organization Overview
Copeland Oaks is located in Sebring, OH. The organization was established in 1967. 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 06/2022, Copeland Oaks employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Copeland Oaks 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 06/2022, Copeland Oaks generated $14.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $15.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% 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
PROVIDES INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING TO RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF FACILITY PROVIDED TO RESIDENTS.
ALL OTHER PROGRAM SERVICES PROVIDED TO RESIDENTS.
DIETARY NEEDS PROVIDED TO THE RESIDENTS.
HOME HEALTH CARE PROVIDED TO THE RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Estock President/director | OfficerTrustee | 1 | $0 |
Donna Gustaffson Director | Trustee | 1 | $0 |
John Dilworth Treasurer | OfficerTrustee | 1 | $0 |
Bill Williams Vice President | OfficerTrustee | 1 | $0 |
Ashley Sheffiled Director | Trustee | 1 | $0 |
Daniel Griffith Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ohio Edison Utilities | 6/29/22 | $806,505 |
Us Food Service Food Supplies | 6/29/22 | $763,442 |
Travelers Insurance Insurance | 6/29/22 | $176,005 |
Williams & Case Insurance Agency Insurance | 6/29/22 | $212,282 |
Spectrum Utilities | 6/29/22 | $163,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $492,983 |
| 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 | $492,983 |
| Total Program Service Revenue | $11,823,204 |
| Investment income | $2,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,009 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,392,825 |
| 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. | $122,676 |
| Compensation of current officers, directors, key employees. | $30,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,368,043 |
| Pension plan accruals and contributions | $364,592 |
| Other employee benefits | $751,634 |
| Payroll taxes | $490,378 |
| Fees for services: Management | $72,061 |
| Fees for services: Legal | $79,555 |
| Fees for services: Accounting | $32,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $246,400 |
| Advertising and promotion | $452,795 |
| Office expenses | $95,282 |
| Information technology | $186,140 |
| Royalties | $0 |
| Occupancy | $1,817,684 |
| Travel | $62,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,891 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,688,023 |
| Insurance | $332,589 |
| All other expenses | $7,362 |
| Total functional expenses | $15,247,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,235,648 |
| Savings and temporary cash investments | $182,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,188 |
| Prepaid expenses and deferred charges | $76,387 |
| Net Land, buildings, and equipment | $11,670,952 |
| Investments—publicly traded securities | $69,920 |
| Investments—other securities | $754,237 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $295,959 |
| Total assets | $16,412,250 |
| Accounts payable and accrued expenses | $1,689,873 |
| Grants payable | $0 |
| Deferred revenue | $2,213,814 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,800 |
| Total liabilities | $3,989,487 |
| Net assets without donor restrictions | $11,668,526 |
| Net assets with donor restrictions | $754,237 |
| 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 | $16,412,250 |