Oak Crest Village Inc
- Assets
- $495.6m
- Revenue
- $91.0m
- Investments
- $253.1m
- Employees
- 1,456
- Location
- Parkville, MD
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 52-1874053
Organization Overview
Oak Crest Village Inc is located in Parkville, MD. The organization was established in 1995. 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 Crest Village Inc employed 1,456 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Crest Village 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 Crest Village Inc generated $91.0m 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 $101.1m during the year ending 12/2021. 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
PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAK CREST VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, ALL OF WHOM RESIDE IN 1,480 INDEPENDENT LIVING UNITS, 133 ASSISTED LIVING UNITS, 120 SKILLED NURSING BEDS AND 40 MEMORY CARE BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO, HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Roussey Executive Director | Officer | 40 | $222,445 |
Bernard Mwaura Registered Nurse | 40 | $164,145 | |
Regina Ngenoh Licensed Practical Nurse | 40 | $161,802 | |
Victorine Binda Registered Nurse | 40 | $143,888 | |
Kelly Friend Sales Counselor | 40 | $131,666 | |
Colleen Smith Director Of Finance (thru 6/18/21) | Officer | 40 | $85,790 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erickson Senior Living Llc Management - See Sch. O | 12/30/21 | $11,185,679 |
Plano-coudon Llc Construction | 12/30/21 | $1,370,491 |
Commercial Interior Construction Construction | 12/30/21 | $2,668,296 |
Buch Construction Inc Construction | 12/30/21 | $2,016,043 |
Cove Electric Inc Electrical | 12/30/21 | $1,316,972 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,350 |
| Related organizations | $0 |
| Government grants | $2,125,763 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,398,204 |
| Noncash contributions included in lines 1a–1f | $36,754 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,538,317 |
| Total Program Service Revenue | $85,824,507 |
| Investment income | $103,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $392,438 |
| Net Gain/Loss on Asset Sales | $32,858 |
| Net Income from Fundraising Events | $79,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,971,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $205,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $387,245 |
| Compensation of current officers, directors, key employees. | $387,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,657,437 |
| Pension plan accruals and contributions | $797,079 |
| Other employee benefits | $5,358,822 |
| Payroll taxes | $2,712,391 |
| Fees for services: Management | $3,459,423 |
| Fees for services: Legal | $72,584 |
| Fees for services: Accounting | $58,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,731 |
| Fees for services: Other | $9,506,229 |
| Advertising and promotion | $2,599,749 |
| Office expenses | $9,544,388 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,788,022 |
| Travel | $98,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,908,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,626,635 |
| Insurance | $1,004,103 |
| All other expenses | $0 |
| Total functional expenses | $101,093,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,855 |
| Savings and temporary cash investments | $31,810,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,238,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,378,778 |
| Inventories for sale or use | $290,138 |
| Prepaid expenses and deferred charges | $1,516,331 |
| Net Land, buildings, and equipment | $190,969,106 |
| Investments—publicly traded securities | $6,252,481 |
| Investments—other securities | $253,095,176 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $495,556,334 |
| Accounts payable and accrued expenses | $9,465,605 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $111,163,590 |
| Escrow or custodial account liability | $1,191,800 |
| 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 | $373,913,036 |
| Total liabilities | $495,734,031 |
| Net assets without donor restrictions | -$2,981,458 |
| Net assets with donor restrictions | $2,803,761 |
| 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 | $495,556,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oak Crest Village Inc has recieved totaling $174.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acts Retirement-Life Communities Inc Fort Washington, PA | $1,794,608,174 | $465,695,033 |
Asbury Atlantic Inc Frederick, MD | $494,202,745 | $182,270,716 |
Riderwood Village Inc Silver Spring, MD | $765,520,343 | $121,407,935 |
Ashby Ponds Inc Ashburn, VA | $1,081,002,554 | $105,782,483 |
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
Greenspring Village Inc Springfield, VA | $635,246,519 | $86,958,670 |
Oak Crest Village Inc Parkville, MD | $495,556,334 | $90,971,954 |
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |