Live Oak Adult Day Services
- Assets
- $2.1m
- Revenue
- $1.0m
- Investments
- $59.8k
- Employees
- 22
- Location
- San Jose, CA
- Founding
- 07/1985
- Data as of
- 06/2022
- EIN
- 77-0069106
Organization Overview
Live Oak Adult Day Services is located in San Jose, CA. The organization was established in 1985. 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 06/2022, Live Oak Adult Day Services employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live Oak Adult Day Services 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, Live Oak Adult Day Services generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $892.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 3 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
PROVIDE DAY CARE SERVICES FOR FRAIL AND DISABLED ELDERY ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE BEGINNING OF FY 2021-2022, LIVE OAK ADULT DAY SERVICES' PROGRAMS WERE JUST REOPENING FOLLOWING THE COVID PANDEMIC. THE WILLOW GLEN, GILROY AND CUPERTINO CENTERS OPENED IN MAY/JUNE OF 2021. THESE THREE CENTERS HAVE BEEN OPEN FOR THE ENTIRE YEAR. THE ORGANIZATION'S FOURTH CENTER IN LOS GATOS HAS REMAINED CLOSED FOR THE ENTIRE FY 2021-2022 DUE TO LACK OF A MINIMUM NUMBER OF POTENTIAL CLIENTS AND INADEQUATE STAFFING. THE PLAN IS TO REOPEN THIS FOURTH CENTER DURING FY 2022-2023. THE ONLINE PROGRAM STARTED IN 2020 HAS BEEN FUNDED BY A NEW GRANT AND CONTINUES FOR TWO HOURS EACH WEEKDAY STAFFED BY UNIVERSITY STUDENTS. THE OPEN IN-PERSON PROGRAMS INITIALLY OPERATED AT HALF CAPACITY DUE TO SOCIAL DISTANCING REQUIREMENTS AND DIFFICULTY IN HIRING NEW STAFF. FULL STAFFING AND ONGOING COVID CONCERNS CONTINUE TO BE A CHALLENGE. THE ORGANIZATION HAS BEEN ABLE TO OFFER THE FULL IN-PERSON AND ONLINE ADULT DAY PROGRAMS, CAREGIVER RESPITE, CAREGIVER CASE MANAGEMENT AND CAREGIVER SUPPORT GROUPS TO OVER 96 MILLION FAMILIES IN FY 2021-2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Miller Member | Trustee | 1 | $0 |
Daniel Canales Member | Trustee | 1 | $0 |
Christian Lei Member | Trustee | 1 | $0 |
Gus Vogel Member | Trustee | 1 | $0 |
Palani Karuppan Member | Trustee | 1 | $0 |
Mayra Marquez Chair | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,495 |
| Related organizations | $0 |
| Government grants | $504,576 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $639,476 |
| Total Program Service Revenue | $398,058 |
| Investment income | $3,659 |
| 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 | $1,041,501 |
| 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 | $80,110 |
| Other salaries and wages | $410,928 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,951 |
| Payroll taxes | $37,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,980 |
| Advertising and promotion | $602 |
| Office expenses | $13,145 |
| Information technology | $1,753 |
| Royalties | $0 |
| Occupancy | $88,905 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,055 |
| Interest | $205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,279 |
| Insurance | $13,922 |
| All other expenses | $0 |
| Total functional expenses | $892,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,086 |
| Savings and temporary cash investments | $77,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,092 |
| 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 | $712 |
| Net Land, buildings, and equipment | $1,300,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $59,796 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,699 |
| Total assets | $2,119,608 |
| Accounts payable and accrued expenses | $48,553 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,553 |
| Net assets without donor restrictions | $1,948,234 |
| Net assets with donor restrictions | $122,821 |
| 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 | $2,119,608 |