Oakwood Retirement Village

Nonprofit profile at a glance

EIN
731397021
IRS 990 coverage
2019–2022
Forms available
Form 990 2022, Form 990-T 2022
Location
Enid, OK, USA
Phone
5802492600
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Residential Care & Adult Day Programs

Reported finances

Revenue
$8,821,837
Expenses
$10,843,042
Assets
$5,803,615
Liabilities
$8,109,613

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MARK GRAY (EXECUTIVE DIRECTOR END:07/22)
  • CHAD WEST (EXECUTIVE DIRECTOR START:11/22)
  • KYLE LILLIE (PRESIDENT)

Highest reported compensation

  • MARK GRAY (EXECUTIVE DIRECTOR END:07/22): $68,057 total reported compensation
  • DAWN ANN MENDENHALL (EXEC. DIRECTOR 7/22-10/22): $43,905 total reported compensation
  • CHAD WEST (EXECUTIVE DIRECTOR START:11/22): $11,336 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2022

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

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 86
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -22.9%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.54; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 1.4; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 1.1%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: 13.7% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10.2M in reported program spending
  • Leadership: top reported pay $68K · 8 people listed
  • Highest-paid contractors: 2 contractors listed · $1.7M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 6/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.