OAKWOOD VILLAGE UNIVERSITY WOODS A… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

CHRISTINE O'DONNELL

Phone

6082304699

Tax Period

2024-01-01 to 2024-12-31

OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC, founded in 1974, is a mid-sized nonprofit in the Human Services sector that reported $17.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $15.6M left a modest 9% surplus.

Mission

OAKWOOD IS CALLED TO SERVE A THRIVING COMMUNITY WHERE SENIORS LIVE WITH DIGNITY, CONNECTION, AND PURPOSE.

Program Service Accomplishments

Program 1

Expenses: $8,823,289 Revenue: $10,460,232

THE OAKS, HERITAGE OAKS AND TOWER ARE 90, 125 AND 15 UNIT INDEPENDENT LIVING APARTMENT HOMES FOR THE ELDERLY. RESIDENTS RECEIVE DAILY CHECK INS, OPTIONAL HOUSEKEEPING, AND MAINTENANCE. THERE IS A...

THE OAKS, HERITAGE OAKS AND TOWER ARE 90, 125 AND 15 UNIT INDEPENDENT LIVING APARTMENT HOMES FOR THE ELDERLY. RESIDENTS RECEIVE DAILY CHECK INS, OPTIONAL HOUSEKEEPING, AND MAINTENANCE. THERE IS A FULL TIME SOCIAL WORKER, TRANSPORTATION SERVICES, AND LIFE ENRICHMENT ACTIVITIES FOR ALL PHYSICAL AND MENTAL CAPABILITIES. RESIDENTS RECEIVE PRIORITY ACCESS TO ASSISTED LIVING, SKILLED NURSING AND THERAPY SERVICES IF NEEDED. 14 UNITS OF THE TOWER ARE OPERATED UNDER SECTION 8 OF THE HOUSING LAW FOR LOW INCOME ELDERLY. THE RESIDENTS THAT QUALIFY FOR THE HUD PROGRAM HAVE THE SAME CONTINUING CARE SERVICES AS MARKET RATE RESIDENTS. DURING 2024, THERE WERE 82,260 DAYS OF CARE.

Program 2

Expenses: $3,929,058 Revenue: $4,657,997

TABOR OAKS IS A 60 BED ASSISTED LIVING FACILITY THAT PROVIDED CARE TO AGING RESIDENTS THAT REQUIRE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. SERVICES INCLUDE 3 MEALS PER DAY, 24/7 NURSING CARE...

TABOR OAKS IS A 60 BED ASSISTED LIVING FACILITY THAT PROVIDED CARE TO AGING RESIDENTS THAT REQUIRE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. SERVICES INCLUDE 3 MEALS PER DAY, 24/7 NURSING CARE, LIFE ENRICHMENT ACTIVITIES, TRANSPORTATION, MEDICATION MANAGEMENT, PASTORAL CARE AND AVAILABILITY TO REHABILITATION SERVICES IF NEEDED. RESIDENTS WHO ARE NOT ELIGIBLE FOR PUBLIC ASSISTANCE AND ARE UNABLE TO PAY MAY BE SUBSIDIZED INTERNALLY. DURING 2024, THERE WERE 21,422 DAYS OF CARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $570,245

Program Service Revenue $15,118,229

Investment Income $1,423,822

Other Revenue $0

TOTAL REVENUE $17,112,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,088,707

Fundraising Expenses $0

Program Expenses $12,752,347

Other Expenses $8,535,955

TOTAL EXPENSES $15,624,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,112,296	$15,605,416	+0.1%
Expenses	$15,624,662	$16,120,735	0.0%
Net Income	$1,487,634	$-515,319	-3.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

367

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$955,217

Total Directors

Key Employees

$358,574

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN HAYDEN	CHAIR	2.00	Officer Director	$0	$0	$0
CLIFF HAALAND	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TOM HANSON	TREASURER	2.00	Officer Director	$0	$0	$0
WYNN DAVIES	SECRETARY	2.00	Officer Director	$0	$0	$0
BISHOP JOY MORTENSEN-WIEBE	DIRECTOR	2.00	Director	$0	$0	$0
JANICE HAMILTON-CRAWFORD	CEO	9.00	Officer	$0	$13,399	$644,675
CHRISTINE O'DONNELL	CFO	9.00	Officer	$0	$8,649	$310,542
SUSAN RAFFERTY	CHIEF HUMAN RESOURCES OFFICER	9.00	Key Emp	$0	$16,092	$358,574
ANGELA STUDNICKA	PHARMACY DIRECTOR	10.00	Highest	$0	$39,185	$218,685
JENNIFER MAINA	VP OF CLINICAL EXCELLENCE	10.00	Highest	$0	$17,468	$169,855
SUSAN HUSOM	HOSPITAL CLINICAL DIRECTOR	10.00	Highest	$0	$26,913	$240,699
MADELINE WIGER	EXECUTIVE DIRECTOR	10.00	Highest	$0	$12,877	$158,420
TRACY HEAD	PHARMACIST	10.00	Highest	$0	$39,086	$183,785

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$17,112,296	$15,624,662	$71,215,018	$1,487,634
2023	$15,605,416	$16,120,735	$67,847,088	$-515,319
2022	$12,359,319	$13,442,186	$63,757,060	$-1,082,867
2021	$14,231,487	$14,275,072	$65,483,048	$-43,585
2020	$13,031,771	$14,938,802	$90,814,974	$-1,907,031
2019	$14,846,555	$18,567,689	$88,640,645	$-3,721,134
2018	$12,068,616	$14,499,458	$63,419,810	$-2,430,842

OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC