Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1958.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
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
14 people listed on the 990; $168K paid to officers and key staff.
Denise Gotto’s $181K as Executive Director is at the 97th percentile of top reported officer pay among 852 $100K–1M housing 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 |
|---|---|---|---|---|
| Denise Gotto | $180,844 | $168,177 | $148,528 | — |
| Denise Grotto | — | — | — | $120,310 |
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 Twelve Oaks Foundation 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 affordable assisted living to bring happiness to seniors and their families.
Questions for Twelve Oaks Foundation
Your first name shows with your question. Twelve Oaks Foundation answers here, for everyone.
Twelve oaks foundation provides independent living and assisted living housing and services for older adults. Tof facilities and services are designed to meet the physical, social, and psychological needs of residents and promote health, security, happiness and purposefulness.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $95K | $118K |
| Land, buildings, equipmentLn 10c | $7.6M | $7.5M |
| Total assetsLn 16 | $7.7M | $7.6M |
| LiabilitiesLn 26 | $4.8M | $4.8M |
| Net assetsLn 32 | $3.0M | $2.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $188K | $10K | $167K | $10K |
| Other salaries and wagesLn 7 | $963K | $826K | $136K | |
| Pension plan contributionsLn 8 | $75K | $39K | $36K | $523 |
| Other employee benefitsLn 9 | $351K | $289K | $62K | $567 |
| Payroll taxesLn 10 | $195K | $150K | $45K | $351 |
| Legal feesLn 11b | $6K | $6K | ||
| Accounting feesLn 11c | $5K | $5K | ||
| Other fees for servicesLn 11g | $206K | $144K | $62K | |
| Advertising and promotionLn 12 | $7K | $6K | $864 | |
| Office expensesLn 13 | $60K | $53K | $7K | |
| OccupancyLn 16 | $140K | $135K | $5K | |
| TravelLn 17 | $8K | $2K | $6K | |
| Conferences, conventions and meetingsLn 19 | $74K | $69K | $5K | |
| Depreciation, depletion and amortizationLn 22 | $384K | $384K | ||
| InsuranceLn 23 | $36K | $34K | $2K | |
| All other expensesLn 24e | $54K | $54K | ||
| Total functional expensesLn 25 | $2.8M | $2.1M | $599K | $12K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 4, 2026 | $611K | $3.0M | −$2.4M | $2.8M | 990 PDF |
| FY2024 ViewingFiled with the IRS May 8, 2025 | $2.1M | $2.8M | −$643K | $2.8M | 990 PDF |
| FY2023Filed with the IRS May 2, 2024 | $1.9M | $2.5M | −$531K | $3.0M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021Filed with the IRS May 11, 2022 | $1.1M | $1.3M | −$287K | $3.1M | 990 PDF |
| FY2020Filed with the IRS Aug 3, 2021 | $1.5M | $1.6M | −$100K | −$2.0M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,107,706 revenue, 12 lines filed
Part VI · Governance 12 of 13 board members independent, no flags
Part VIII · Statement of revenue $2,107,706 across 4 lines filed
Part IX · Statement of functional expenses $2,750,328 across 16 lines filed
Part X · Balance sheet $7,605,765 assets, 16 lines filed
Part XI · Reconciliation of net assets $2,765,280 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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