Oak Meadows FY2022 filing

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Provide independent, assisted and memory care housing and services to seniors.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1823545) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$73K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $359K a year · 7% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$73K
to officers and key staff · 1% of spending
Pay to officers and key staff is 1% of spending.
Part VII, Section A
0.6 mo
of spending, in cash
0.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$8.2M
106% of total assets
Liabilities are 106% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5.1M
+27% vs prior year
Spent
$5.9M
To programs
86%
Net assets
−$470K
By yearFY2020–FY2024
Revenue
$5.1M
FY2022▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$4.0M
FY2022$5.1M
FY2023$5.7M
FY2024$7.3M
Expenses
$5.9M
FY2022▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.6M
FY2021$4.7M
FY2022$5.9M
FY2023$6.0M
FY2024$7.0M
Net assets
−$470K
FY2022▼ -212%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$420K
FY2022−$470K
FY2023−$798K
FY2024−$497K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1995.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $5.1M Management & general 14% · $842K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $73K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director (left Sept-22)
$73,232Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (left Sept-22)
$0Pt VII · Sec A

Deborah Veit’s $73K as Executive Director (left Sept-22) is at the 13th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Deborah Veit$73,232$80,366$82,725

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Oak Meadows executive salaries →

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 15aYes

Programs and updates

Offers seniors independent, assisted, and memory care housing and services.

Questions for Oak Meadows

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1 program · $5.1M · in their own filed words · FY2022
01

The organization owns and operates a 48-UNIT assisted living facility, a 62-UNIT independent living facility, and a 12-UNIT memory care facility for the elderly. During the year ended december 31, 2022, the occupancy percentage was 95.9% for the assisted living facility, 99.0% for the independent living facility, and 97.0% for the memory…

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1823545) · Dispute this line
$5.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Fees for servicesLn 2g$4.9M
Other incomeLn 4–11$66K
Gifts and grantsLn 1h$52K
Money outPt IX
$5.9M
Ln 25
Programscol B$5.1M
Managementcol C$842K
Owns and owesPt X
−$470K
net assets · Ln 32
Cash and savingsLn 1–2$301K
Total assetsLn 16$7.7M
LiabilitiesLn 26$8.2M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52K
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$489
Other incomeLn 4–11$66K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$130K
SavingsLn 2$172K
Cash and savings togetherLn 1–2$301K
Accounts receivableLn 4$58K
Prepaid expenses and deferred chargesLn 9$23K
Land, buildings, equipmentLn 10c$7.1M
InvestmentsLn 11–13$183K
Other assetsLn 15$59K
Total assetsLn 16$7.7M
LiabilitiesLn 26$8.2M
Net assetsLn 32−$470K
OperationsPt I, VI
EmployeesI 5125
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$20K$25K$22K$18K$14K
SpentLn 1d–1f$33$3$1K$1K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$628K$301K
InvestmentsLn 11–13$233K$183K
Land, buildings, equipmentLn 10c$7.5M$7.1M
Total assetsLn 16$8.4M$7.7M
LiabilitiesLn 26$8.0M$8.2M
Net assetsLn 32$420K−$470K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$73K$73K
Other salaries and wagesLn 7$2.7M$2.6M$84K
Pension plan contributionsLn 8$16K$13K$3K
Other employee benefitsLn 9$332K$262K$70K
Payroll taxesLn 10$200K$158K$42K
Management feesLn 11a$85K$85K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$73K$1K$72K
Advertising and promotionLn 12$108K$108K
Office expensesLn 13$147K$134K$13K
OccupancyLn 16$622K$581K$41K
TravelLn 17$53K$53K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$263K$260K$3K
Depreciation, depletion and amortizationLn 22$662K$656K$7K
Other expenses (24a–d)Ln 24$470K$340K$129K
All other expensesLn 24e$24K$24K
Total functional expensesLn 25$5.9M$5.1M$842K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $7.3M$7.0M$257K−$497K 990 PDF
FY2023Filed with the IRS Sep 4, 2024 $5.7M$6.0M−$324K−$798K 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023 $5.1M$5.9M−$839K−$470K 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $4.0M$4.7M−$745K$420K 990 PDF
FY2020Filed with the IRS Nov 8, 2021 $3.4M$3.6M−$146K$1.1M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $5,063,121 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $252,402$52,439
I-9 Program service revenuePrior year $3,686,880$4,944,443
I-10 Investment incomePrior year $599$489
I-11 Other revenuePrior year $57,108$65,750
I-12 Total revenuePrior year $3,996,989$5,063,121
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,123,660$3,306,377
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,617,866$2,595,608
I-18 Total expensesPrior year $4,741,526$5,901,985
I-19 Revenue less expensesPrior year −$744,537−$838,864
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,063,121 across 7 lines filed
Lines not itemized here account for $11,186 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$52,439
VIII-1h Total contributions, gifts and grants$52,439
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,944,443$4,944,443
VIII-3 Investment incomeExcluded from tax $489$489
VIII-6 Net rental income or lossExcluded from tax $30,593$30,593
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,971$23,971
VIII-12 Total revenueRelated to mission $4,979,600 · Unrelated business $0 · Excluded from tax $31,082$5,063,121
Part IX · Statement of functional expenses $5,901,985 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Management $73,232$73,232
IX-7 Other salaries and wagesPrograms $2,601,144 · Management $83,984$2,685,128
IX-8 Pension plan contributionsPrograms $12,622 · Management $3,355$15,977
IX-9 Other employee benefitsPrograms $262,302 · Management $69,726$332,028
IX-10 Payroll taxesPrograms $158,009 · Management $42,003$200,012
IX-11a Management feesManagement $84,572$84,572
IX-11b Legal feesManagement $15,689$15,689
IX-11c Accounting feesManagement $64,864$64,864
IX-11g Other fees for servicesPrograms $1,295 · Management $71,845$73,140
IX-12 Advertising and promotionManagement $108,170$108,170
IX-13 Office expensesPrograms $134,147 · Management $13,245$147,392
IX-16 OccupancyPrograms $581,203 · Management $41,255$622,458
IX-17 TravelPrograms $52,707$52,707
IX-19 Conferences, conventions and meetingsManagement $7,494$7,494
IX-20 InterestPrograms $260,112 · Management $2,627$262,739
IX-22 Depreciation, depletion and amortizationPrograms $655,728 · Management $6,624$662,352
IX-24 Other expenses (24a–d)Programs $340,276 · Management $129,435$469,711
IX-24e All other expensesManagement $24,320$24,320
IX-25 Total functional expensesPrograms $5,059,545 · Management $842,440 · Fundraising $0$5,901,985
Part X · Balance sheet $7,724,559 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $141,477$129,759
X-2 Savings and temporary cash investmentsStart of year $486,313$171,661
X-4 Accounts receivableStart of year $3,503$58,184
X-9 Prepaid expenses and deferred chargesStart of year $31,072$22,944
X-10c Land, buildings and equipment, netStart of year $7,467,162$7,099,472
X-12 Other securitiesStart of year $233,435$183,127
X-15 Other assetsStart of year $45,039$59,412
X-16 Total assetsStart of year $8,408,001$7,724,559
X-17 Accounts payable and accrued expensesStart of year $540,744$794,348
X-19 Deferred revenue$22,184
X-21 Escrow or custodial accountsStart of year $57,327$53,800
X-23 Secured mortgages and notes payableStart of year $7,368,270$7,304,889
X-25 Other liabilitiesStart of year $22,050$18,900
X-26 Total liabilitiesStart of year $7,988,391$8,194,121
X-27 Net assets without donor restrictionsStart of year $162,734−$726,438
X-28 Net assets with donor restrictionsStart of year $256,876$256,876
X-32 Total net assets or fund balancesStart of year $419,610−$469,562
X-33 Total liabilities and net assetsStart of year $8,408,001$7,724,559
Part XI · Reconciliation of net assets −$469,562 net assets at year end
XI-1 Total revenue$5,063,121
XI-2 Total expenses$5,901,985
XI-3 Revenue less expenses−$838,864
XI-4 Net assets at start of year$419,610
XI-5 Net unrealized gains (losses) on investments−$50,308
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$469,562

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

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