Oakwood Retirement Village

EIN: 731397021 501(c)(3)

Enid, OK

Total Revenue
$8,821,837
Total Expenses
$10,843,042
Total Assets
$5,803,615
Net Assets
$-2,305,998
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
OK
Principal Officer
Chad West
Phone
5802492600
Tax Period
2022-01-01 to 2022-12-31

Oakwood Retirement Village, founded in 1992, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $10.8M exceeded revenue, resulting in a 23% operating deficit.

Mission

IN ORDER TO PROVIDE COMPASSIONATE CARE AND SERVICE TO OUR RESIDENTS AND TO PROVIDE A NURTURING WORKPLACE FOR OUR EMPLOYEES, OAKWOOD RETIREMENT VILLAGE (DBA GOLDEN OAKS VILLAGE) IS COMMITTED TO: HONORING THE LORD IN ALL WE DO BY OPERATING OUR COMPANY IN A MANNER CONSISTENT WITH BIBLICAL PRINCIPLES AND VALUES. PROVIDING LOVING CARE AND RESPECT TO ALL OUR RESIDENTS. TREATING OUR EMPLOYEES AND THEIR FAMILIES WITH RESPECT AND DIGNITY. PROVIDING A WORKPLACE ENVIRONMENT THAT WILL ENCOURAGE, VALUE AND BLESS OUR EMPLOYEES. PROVIDE A REASONABLY PRICED LIVING ENVIRONMENT CONSISTENT WITH BIBLICAL STANDARDS. TREAT EVERYONE AS JESUS INSTRUCTED BY DOING UNTO OTHERS AS YOU WOULD HAVE THEM DO TO YOU MATTHEW 7:12. WE BELIEVE THAT IT IS GOD'S GRACE AND BLESSING THAT ORV HAS SURVIVED AND UNDERSTAND THE BLESSINGS WE HAVE RECEIVED IS A DIRECT RESULT OF OUR FOLLOWING BIBLICAL PRINCIPLES WITHIN OUR CULTURE.

Program Service Accomplishments

Program 1
Expenses: $10,164,958 Revenue: $8,353,035

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...

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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 2022, 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 2022. 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 2022. 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 2022. 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 2022. 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 2022 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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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $460,145
Program Service Revenue $8,353,035
Investment Income $62
Other Revenue $8,595
TOTAL REVENUE $8,821,837

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,529,452
Fundraising Expenses $0
Program Expenses $10,164,958
Other Expenses $4,313,590
TOTAL EXPENSES $10,843,042

Year-over-Year Comparison

2022 2021 Change
Revenue $8,821,837 $9,953,640 -0.1%
Expenses $10,843,042 $9,644,728 +0.1%
Net Income $-2,021,205 $308,912 -7.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
247
Volunteers
5

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
6
$123,298
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK GRAY EXECUTIVE DIRECTOR END:07/22 50.0
Officer
$68,057 $0 $68,057
DAWN ANN MENDENHALL EXEC. DIRECTOR 7/22-10/22 0.5
Officer
$43,905 $0 $43,905
CHAD WEST EXECUTIVE DIRECTOR START:11/22 50.0
Officer
$11,336 $0 $11,336
BUDDY NICHOLAS SECRETARY 0.5
Officer Director
$0 $0 $0
KYLE LILLIE PRESIDENT 0.5
Officer Director
$0 $0 $0
ANNETTE LILLIE DIRECTOR 0.5
Director
$0 $0 $0
GARY LILLIE DIRECTOR 0.5
Director
$0 $0 $0
TOM EVANS VICE CHAIR 0.5
Officer Director
$0 $0 $0
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
2022 $8,821,837 $10,843,042 $5,803,615 $-2,021,205
2021 $9,953,640 $9,644,728 $5,967,618 $308,912
2020 $10,557,285 $9,698,692 $6,058,575 $858,593
2019 $6,935,239 $6,692,149 $5,212,985 $243,090
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