Oakwood Retirement Village Inc
- Assets
- $6.1m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 235
- Location
- Enid, OK
- Founding
- 10/2019
- Data as of
- 12/2020
- EIN
- 73-1397021
Organization Overview
Oakwood Retirement Village Inc, operating under the name Golden Oaks Village, is located in Enid, OK. The organization was established in 2019. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, Golden Oaks Village employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Oaks Village 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 12/2020, Golden Oaks Village generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $9.7m during the year ending 12/2020. While expenses have increased by 20.4% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMPASSIONATE CARE AND SERVICE TO OUR RESIDENTS AND A NURTURING WORKPLACE FOR EMPLOYEES BY OPERATING IN A MANNER CONSISTENT WITH BIBLICAL PRINCIPLES AND VALUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLDEN OAKS VILLAGE (GOV) IS NESTLED ON 110 ACRES IN NW OK. IT OFFERS THE BEAUTY AND PEACEFULNESS OF COUNTRY LIVING SURROUNDED BY TWO MANICURED STOCKED FISHING LAKES AND A GOLF DRIVING RANGE. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING INDEPENDENT, ASSISTED, RESIDENTIAL CARE, LONG TERM CARE AND SHORT-TERM REHABILITATION SERVICES. INDEPENDENT LIVING: IN 2021, SERVICES WERE PROVIDED TO 156 INDEPENDENT LIVING RESIDENTS. INCLUDED IN THESE SERVICES IS THE OPPORTUNITY TO ENJOY A DYNAMIC LIFESTYLE WITH LEISURE AND SOCIAL ACTIVITIES. INDEPENDENT LIVING RESIDENCES FEATURE A VARIETY OF FLOOR PLANS WITH FULL KITCHENS AND MODERN CONVENIENCES. INCLUDED FOR ALL INDEPENDENT LIVING RESIDENTS IS A MAINTENANCE-FREE LIFESTYLE, ROUTINE HOUSEKEEPING SERVICES, ACCESS TO HOME COOKED MEALS, LIFE ENRICHMENT AND SPIRITUAL PROGRAMMING. RESIDENTIAL CARE: RESIDENTIAL LIVING SERVED 14 SENIORS THROUGHOUT 2021. SERVICES INCLUDE CAREGIVING ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEDICAL MANAGEMENT, SOCIAL ENGAGEMENT, WELL BALANCED MEALS, AND OTHER SUPPORTIVE SERVICES. ASSISTED LIVING SERVICES ASSISTED LIVING NOTED SERVICE TO 42 INDIVIDUALS IN 2021. THIS SERVICE LINE OFFERS A HIGH LEVEL OF SUPPORT WITH ACTIVITIES OF DAILY LIVING. CARE MAY INCLUDE: MEDICATION MANAGEMENT, WELL BALANCED MEALS, SOCIAL ENGAGEMENT AND OTHER SUPPORTIVE SERVICES. FINANCIAL AID AND ATTENDANCE BENEFITS ARE AVAILABLE FOR QUALIFIED VETERANS. LONG TERM CARE SERVICES: EVERYTHING WE DO REVOLVES AROUND THE RESIDENT AND THEIR PERSONAL WELL-BEING. EACH RESIDENT RECEIVES THE ATTENTION OF A HIGHLY TRAINED TEAM THAT DEVELOPS AN INDIVIDUALIZED GOAL-ORIENTED PROGRAM DESIGNED TO FOSTER PERSONAL INDEPENDENCE AND MAXIMIZE THE QUALITY OF LIFE. WE ACCEPT MEDICARE/MEDICAID/LTC INSURANCE AND SERVE 117 RESIDENTS. 108 SHORT TERM REHABILITATION PATIENTS WERE PROVIDED SERVICES IN 2021. THIS CARE IS A HIGH LEVEL OF MEDICAL ATTENTION THAT IS PROVIDED BY TRAINED INDIVIDUALS, SUCH AS REGISTERED NURSES AND PHYSICAL, SPEECH AND OCCUPATIONAL THERAPISTS. THESE SERVICES CAN BE SHORT TERM FOR REHABILITATION FROM AN ILLNESS OR INJURY. OUR SKILLED FACILITY HAS PRIVATE STUDIO SUITES WITH PRIVATE BATHROOMS. WE SERVED 108 RESIDENTS WITH THIS SPECIALIZED HEALTH SERVICE. COMMUNITY BENEFIT: AS A CHRISTIAN NON-PROFIT COMMUNITY, GOLDEN OAKS VILLAGE PARTICIPATED IN SEVERAL COMMUNITY BENEFIT PROGRAMS. THESE PROGRAMS PROVIDED INVALUABLE SENIOR SUPPORT TO THE GREATER ENID COMMUNITY. THESE PROGRAMS INCLUDED PARTICIPATION IN RAISING MONEY FOR THE ALZHEIMER'S ASSOCIATION, THE NATIONAL ARTHRITIS FOUNDATION THE FALLEN HEROES PROGRAM, AS WELL AS THE OKLAHOMA CITY NATIONAL MEMORIAL MARATHON PROGRAM. OVER $2,000 WAS RAISED THROUGH THESE EFFORTS. THE COMPASSIONATE QUILTER GROUP PROVIDES QUILTS FOR ALL GOV VETERANS, GOLD STAR FAMILIES FOR MEMORIAL DAY AND FOR HONORED VETERANS AT THE LEGACY AWARD CEREMONY ON VETERANS DAY. MORE THAN 40 QUILTS WERE DISTRIBUTED. THE NEEDLECRAFTERS GROUP AT GOLDEN OAKS PROVIDED CAPS AND MATCHING BLANKETS FOR STILLBORN BABIES REUNION WITH PARENTS. THEY ALSO PROVIDED CAPS AND PRAYER SHAWLS FOR CANCER AND HOSPICE PATIENTS. OVER 200 CAPS WERE DISTRIBUTED IN 2021. THE ORGANIZATION USED SURPLUS FURNITURE ASSETS TO PROVIDE ASSISTANCE TO NEEDY FAMILIES. GOLDEN OAKS PROFESSIONALS PROVIDED ASSISTANCE TO TEN (10) VETERANS NEEDING AID AND ATTENDANCE BENEFITS TO OFFSET CERTIFIED HEALTH SERVICES. RESIDENTS AND EMPLOYEES PROVIDED MORE THAN 30 BOXES OF CHRISTMAS GIFTS TO OVERSEAS CHILDREN THROUGH SAMARITAN'S PURSE. IN 2021 GOLDEN OAKS VILLAGE BEGAN OPENING ITS FITNESS CENTER TO SENIORS WITHIN THE GREATER ENID COMMUNITY. THIS ALLOWED SENIORS A PLACE TO WORK OUT SAFELY AND INDEPENDENTLY, WHILE IMPROVING THEIR OVERALL WELL-BEING. TEMPORARY COMPASSIONATE HOUSING WAS PROVIDED TO FAMILIES DISPLACED BY INCLEMENT WEATHER OR NATURAL DISASTERS. 40 WITH PARENTS: 40 QUILTS WERE DISTRIBUTED. THE NEEDLECRAFTERS GROUP AT GOLDEN OAKS PROVIDED CAPS AND MATCHING BLANKETS FOR STILLBORN BABIES REUNION WITH PARENTS. THEY ALSO PROVIDED CAPS AND PRAYER SHAWLS FOR CANCER AND HOSPICE PATIENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Gray Executive Director | Officer | 50 | $57,308 |
Kyle Lillie President | OfficerTrustee | 0.5 | $0 |
Tom Evans Vice Chair | OfficerTrustee | 0.5 | $0 |
Buddy Nicholas Secretary | OfficerTrustee | 0.5 | $0 |
Gary Lillie Director | Trustee | 0.5 | $0 |
Annette Lillie Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elite Medical Staffing Nursing Staffing | 12/30/21 | $748,759 |
Integrity Staffing Llc Nursing Staffing | 12/30/21 | $590,545 |
Ground Zero Roofing Roof Contracting | 12/30/21 | $120,182 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $718,525 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $852 |
| Net Rental Income | $325,923 |
| Net Gain/Loss on Asset Sales | $26,528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,557,285 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $4,307,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,289 |
| Payroll taxes | $272,526 |
| Fees for services: Management | $27,000 |
| Fees for services: Legal | $41,819 |
| Fees for services: Accounting | $57,942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,241 |
| Office expenses | $232,543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $951,960 |
| Travel | $9,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $424,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $587,565 |
| Insurance | $182,235 |
| All other expenses | $0 |
| Total functional expenses | $9,698,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $904,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $554,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,794 |
| Prepaid expenses and deferred charges | $93,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $155,989 |
| Other assets | $250 |
| Total assets | $6,058,575 |
| Accounts payable and accrued expenses | $377,130 |
| Grants payable | $4,140 |
| Deferred revenue | $272,231 |
| 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 | $4,358,639 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,780,860 |
| Total liabilities | $6,793,000 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$734,425 |
Peer Organizations
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|---|---|---|
Laradon Hall Society For Exceptional Children And Adults Denver, CO | $24,311,430 | $21,206,538 |
Mission Road Developmental Center San Antonio, TX | $26,258,889 | $16,711,904 |
United Methodist Childrens Home Inc Little Rock, AR | $23,403,200 | $9,139,789 |
New Horizons Ranch And Center Inc Abilene, TX | $7,433,052 | $14,838,988 |
James L West Presbyterian Special Care Center Fort Worth, TX | $13,990,432 | $11,986,456 |
Mbch Children And Family Ministries Bridgeton, MO | $7,025,315 | $12,548,210 |
Shiloh Home Inc Littleton, CO | $5,810,400 | $10,896,254 |
Carc Inc Carlsbad, NM | $9,451,276 | $12,194,382 |
Mountain Valley Developmental Services Inc Glenwood Springs, CO | $8,504,779 | $11,865,014 |
Services By Design Inc St Louis, MO | $3,659,440 | $10,246,467 |
Wichita Childrens Home Wichita, KS | $21,789,498 | $10,282,941 |
Oakwood Retirement Village Inc Enid, OK | $6,058,575 | $10,557,285 |