Chatham Oaks INC FY2020 filing

Hiawatha, IAUnknown exempt organization EIN 42-1302928Revenue $3.4M in FY2020

On file with the IRSAbbehealth INC 740 N 15th Ave a · Hiawatha, IA

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To provide residential treatment to individuals with challenges.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $165K a year · 6% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$361K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
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
$3.4M
Spent
$3.4M
To programs
93%
Net assets
$2.2M
By yearFY2020–FY2021
Revenue
$3.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$2.0M
Expenses
$3.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$1.7M
Net assets
$2.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$0

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $3.1M Management & general 7% · $235K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Chatham Oaks 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 15aYes

Programs and updates

Provides residential treatment and community-based supported living services to help individuals with mental health challenges transition to self-sufficiency and independent living.

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Provided by the organization

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2 programs · $3.1M · in their own filed words · FY2020
01

Chatham oaks provides a continuum of care for individuals with chronic mental illness and multi-occurring disorders needing support services in a residential care facility, their own apartment or home or a 24-HOUR supervised home setting. Chatham oaks has served 186 individuals in all of their programs throughout the year.

$2.0Mprogram expense
02

Chatham oaks has a community-integrated daily service known as supported community living, for individuals transitioning from residential care to the community. It supports the mission by offering another option in the continuum of care and enhances self-sufficiency to support the recovery process.

$1.2Mprogram 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 · FY2021
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$100K
Investment incomeLn 3$43K
Money outPt IX
$3.4M
Ln 25
Programscol B$3.1M
Managementcol C$235K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$444K
Total assetsLn 16$2.5M
LiabilitiesLn 26$361K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Government grantsLn 1e$80K
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$43K
Other incomeLn 4–11$5K
Gains on assetsLn 7$24K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$382K
Cash and savings togetherLn 1–2$444K
InvestmentsLn 11–13$427
Land, buildings, equipmentLn 10c$67K
Other assetsLn 15$1.9M
Total assetsLn 16$2.5M
LiabilitiesLn 26$361K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 541
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$632K$444K
InvestmentsLn 11–13$250$427
Land, buildings, equipmentLn 10c$74K$67K
Total assetsLn 16$2.5M$2.5M
LiabilitiesLn 26$455K$361K
Net assetsLn 32$2.1M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.8M$1.8M
Pension plan contributionsLn 8$50K$50K
Other employee benefitsLn 9$371K$371K
Payroll taxesLn 10$130K$130K
Investment management feesLn 11f$3K$522$3K
Other fees for servicesLn 11g$414K$182K$232K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$229K$229K
OccupancyLn 16$304K$304K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$3.4M$3.1M$235K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $2.0M$1.7M$323K$0 990 PDF
FY2020 Viewing $3.4M$3.4M$6K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,383,060 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $350$100,283
I-9 Program service revenuePrior year $3,989,559$3,235,098
I-10 Investment incomePrior year $21,912$42,693
I-11 Other revenuePrior year $3,272$4,986
I-12 Total revenuePrior year $4,015,093$3,383,060
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 $2,827,365$2,348,889
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,182,231$1,027,906
I-18 Total expensesPrior year $4,009,596$3,376,795
I-19 Revenue less expensesPrior year $5,497$6,265
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,383,060 across 9 lines filed
VIII-1d Related organizations$20,000
VIII-1e Government grants$80,106
VIII-1f All other contributions, gifts and grants$177
VIII-1h Total contributions, gifts and grants$100,283
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,235,098$3,235,098
VIII-3 Investment incomeExcluded from tax $19,007$19,007
VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,686$23,686
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,986$4,986
VIII-12 Total revenueRelated to mission $3,235,098 · Unrelated business $0 · Excluded from tax $47,679$3,383,060
Part IX · Statement of functional expenses $3,376,795 across 14 lines filed
IX-7 Other salaries and wagesPrograms $1,797,214$1,797,214
IX-8 Pension plan contributionsPrograms $50,500$50,500
IX-9 Other employee benefitsPrograms $370,773$370,773
IX-10 Payroll taxesPrograms $130,402$130,402
IX-11f Investment management feesPrograms $522 · Management $2,936$3,458
IX-11g Other fees for servicesPrograms $181,821 · Management $231,693$413,514
IX-12 Advertising and promotionPrograms $1,233$1,233
IX-13 Office expensesPrograms $228,984$228,984
IX-16 OccupancyPrograms $303,687$303,687
IX-17 TravelPrograms $3,270$3,270
IX-19 Conferences, conventions and meetingsPrograms $2,408$2,408
IX-22 Depreciation, depletion and amortizationPrograms $33,537$33,537
IX-23 InsurancePrograms $25,591$25,591
IX-24 Other expenses (24a–d)Programs $12,224$12,224
IX-25 Total functional expensesPrograms $3,142,166 · Management $234,629 · Fundraising $0$3,376,795
Part X · Balance sheet $2,515,425 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $160,700$62,791
X-2 Savings and temporary cash investmentsStart of year $471,405$381,619
X-4 Accounts receivableStart of year $399,343$115,330
X-9 Prepaid expenses and deferred chargesStart of year $31,646$27,355
X-10c Land, buildings and equipment, netStart of year $74,219$66,820
X-13 Program-related investmentsStart of year $250$427
X-15 Other assetsStart of year $1,395,521$1,861,083
X-16 Total assetsStart of year $2,533,084$2,515,425
X-17 Accounts payable and accrued expensesStart of year $343,000$276,209
X-25 Other liabilitiesStart of year $90,315$79,339
X-26 Total liabilitiesStart of year $454,547$360,538
X-27 Net assets without donor restrictionsStart of year $1,994,442$2,070,792
X-28 Net assets with donor restrictionsStart of year $84,095$84,095
X-32 Total net assets or fund balancesStart of year $2,078,537$2,154,887
X-33 Total liabilities and net assetsStart of year $2,533,084$2,515,425
Part XI · Reconciliation of net assets $2,154,887 net assets at year end
XI-1 Total revenue$3,383,060
XI-2 Total expenses$3,376,795
XI-3 Revenue less expenses$6,265
XI-4 Net assets at start of year$2,078,537
XI-5 Net unrealized gains (losses) on investments$70,085
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,154,887

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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