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Three Oaks Circle INC FY2022 filing

Tax-deductible

Waukesha, WI501(c)(3)Since 1999HousingEIN 39-1959616Revenue $332K in FY2022

On file with the IRScapricommunities.com20875 Crossroads Cir Ste 400, 53186-4026 · Waukesha, WITax-exempt since Jun 1999Publicly supported — 509(a)(2)

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To provide housing for low income elderly individuals.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $113K a year · 32% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.8M
214% of total assets
Concern: liabilities are 214% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
-2% vs prior year
Spent
$453K
To programs
70%
Net assets
−$2.0M
By yearFY2021–FY2025
Revenue
$332K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2021$337K
FY2022$332K
FY2023$353K
FY2024$362K
FY2025$378K
Expenses
$453K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$419K
FY2022$453K
FY2023$474K
FY2024$472K
FY2025$508K
Net assets
−$2.0M
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021−$1.9M
FY2022−$2.0M
FY2023−$2.1M
FY2024−$2.2M
FY2025−$2.4M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $317K Management & general 30% · $136K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ms Lisa Mecha
Treasurer/Di
$0Pt VII · Sec A
Mr Jerome Neary
Chair/Direct
$0Pt VII · Sec A
$0Pt VII · Sec A
See Three Oaks Circle INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing to low-income seniors.

Questions for Three Oaks Circle INC

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Provided by the organization

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1 program · $317K · in their own filed words · FY2021
01

Three oaks circle, inc. Constructed and operates a 49 unit rental housing project for qualified low income elderly individuals.

$317Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$332K
Ln 12
Fees for servicesLn 2g$327K
Other incomeLn 4–11$5K
Investment incomeLn 3$177
Money outPt IX
$453K
Ln 25
Programscol B$317K
Managementcol C$136K
Owns and owesPt X
−$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$1.8M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$327K
Investment incomeLn 3$177
Other incomeLn 4–11$5K
Total revenueLn 12$332K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$119K
Total assetsLn 16$1.8M
LiabilitiesLn 26$3.8M
Net assetsLn 32−$2.0M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$70K$22K
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$1.9M$1.8M
LiabilitiesLn 26$3.8M$3.8M
Net assetsLn 32−$1.9M−$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$30K$30K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$96K$27K$69K
Advertising and promotionLn 12$574$574
Office expensesLn 13$14K$14K
Depreciation, depletion and amortizationLn 22$162K$162K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$94K$94K
All other expensesLn 24e$17K$7K$10K
Total functional expensesLn 25$453K$317K$136K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $378K$508K−$129K−$2.4M 990 PDF
FY2024 $362K$472K−$110K−$2.2M 990 PDF
FY2023 $353K$474K−$121K−$2.1M 990 PDF
FY2022 Viewing $332K$453K−$121K−$2.0M 990 PDF
FY2021 $337K$419K−$82K−$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $332,173 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $331,622$326,521
I-10 Investment incomePrior year $163$177
I-11 Other revenuePrior year $5,503$5,475
I-12 Total revenuePrior year $337,288$332,173
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $418,834$452,775
I-18 Total expensesPrior year $418,834$452,775
I-19 Revenue less expensesPrior year −$81,546−$120,602
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $332,173 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $326,521$326,521
VIII-3 Investment incomeRelated to mission $177$177
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,475$5,475
VIII-12 Total revenueRelated to mission $326,698 · Excluded from tax $5,475$332,173
Part IX · Statement of functional expenses $452,775 across 10 lines filed
IX-11a Management feesManagement $29,629$29,629
IX-11b Legal feesManagement $3,450$3,450
IX-11c Accounting feesManagement $9,212$9,212
IX-11g Other fees for servicesPrograms $26,936 · Management $68,655$95,591
IX-12 Advertising and promotionManagement $574$574
IX-13 Office expensesManagement $13,889$13,889
IX-22 Depreciation, depletion and amortizationPrograms $162,251$162,251
IX-23 InsurancePrograms $26,618$26,618
IX-24 Other expenses (24a–d)Programs $94,163$94,163
IX-24e All other expensesPrograms $7,036 · Management $10,362$17,398
IX-25 Total functional expensesPrograms $317,004 · Management $135,771 · Fundraising $0$452,775
Part X · Balance sheet $1,759,799 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $69,985$21,821
X-4 Accounts receivableStart of year $862$685
X-9 Prepaid expenses and deferred chargesStart of year $2,557$2,260
X-10c Land, buildings and equipment, netStart of year $1,704,339$1,615,844
X-15 Other assetsStart of year $151,495$119,189
X-16 Total assetsStart of year $1,929,238$1,759,799
X-17 Accounts payable and accrued expensesStart of year $80,722$30,348
X-19 Deferred revenue$757
X-25 Other liabilitiesStart of year $14,688$13,887
X-26 Total liabilitiesStart of year $3,822,586$3,773,748
X-27 Net assets without donor restrictionsStart of year −$1,893,348−$2,013,949
X-32 Total net assets or fund balancesStart of year −$1,893,348−$2,013,949
X-33 Total liabilities and net assetsStart of year $1,929,238$1,759,799
Part XI · Reconciliation of net assets −$2,013,949 net assets at year end
XI-1 Total revenue$332,173
XI-2 Total expenses$452,775
XI-3 Revenue less expenses−$120,602
XI-4 Net assets at start of year−$1,893,348
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year−$2,013,949

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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