Overview
What is Oakwood Village University Woods Apartments Inc?
Oakwood Village University Woods Apartments Inc, a Lutheran church-sponsored organization based in Madison, Wisconsin, serves aging adults by offering independent living apartments for the elderly. The community consists of three buildings, The Oaks, Heritage Oaks, and Tower, with a total of 260 units. Residents enjoy daily check-ins, optional housekeeping, maintenance, and food service plans. A full-time social worker, transportation services, and life enrichment activities cater to various physical and mental capabilities. Priority access to assisted living, skilled nursing, and therapy services is granted if needed. Thirty units of the Tower are operated under Section 8 of the Housing Law for low-income elderly. The organization's mission is to encourage individuality, worth, and well-being throughout life, providing 106,574 days of care in 2022.
Official website here: www.oakwoodvillage.net
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Oakwood Village University Woods Apartments Inc has earned an 81% rating, reflecting strong performance particularly in Accountability & Finance. The high score indicates a well-managed organization with a fully independent board and strong financial oversight, demonstrating transparency in its operations.
The organization excels in several key areas, including maintaining a majority of independent board members and having a solid program expense ratio of 86.03%. This suggests that a significant portion of their expenditures is directed toward their programs, which is a positive indicator for donors concerned about the effective use of their contributions.
While the overall rating is commendable, it is primarily based on a single beacon score. This may limit insights into other operational areas such as program effectiveness or impact, which are also crucial for a comprehensive evaluation of the nonprofit's overall performance and outreach.
This AI summary has been generated from information found on Charity Navigator.
Is Oakwood Village University Woods Apartments Inc legitimate?
Oakwood Village University Woods Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakwood Village University Woods Apartments Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $261,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,007,380
For more financial information, click here
Official website here: www.oakwoodvillage.net
What is the mission statement of Oakwood Village University Woods Apartments Inc?
Oakwood Village University Woods Apartments Inc is a Lutheran church-sponsored organization dedicated to serving aging adults. Their mission is to encourage the individuality, worth, and well-being of seniors throughout their lives. The organization provides various services, including daily checks, optional housekeeping, maintenance, food service plans, a full-time social worker, transportation services, and life enrichment activities for all physical and mental capabilities. Residents receive priority access to assisted living, skilled nursing, and therapy services if needed. Thirty units of the facility operate under Section 8 of the Housing Law for low-income elderly, and these residents enjoy the same continuing care services as market-rate residents. In 2022, the organization provided 106,574 days of care.
Official website here: www.oakwoodvillage.net
Who is the CEO of Oakwood Village University Woods Apartments Inc?
Christine O'Donnell is the Chair, Coo As Of 5/10/22 of Oakwood Village University Woods Apartments Inc. The CEO's salary of Oakwood Village University Woods Apartments Inc is $0 and their total compensation is $387,478.
Official website here: www.oakwoodvillage.net
What is the revenue of Oakwood Village University Woods Apartments Inc?
Oakwood Village University Woods Apartments Inc's revenue in 2022 was $12,359,319.
Official website here: www.oakwoodvillage.net
Who are the executives of Oakwood Village University Woods Apartments Inc and what are their salaries?
There 251 volunteers at Oakwood Village University Woods Apartments Inc.
Here are 17 key members and their salaries (Oakwood Village University Woods Apartments Inc's CEO's salary is $0 and their total compensation is $387,478):
- Compensation: $0
- Related: $129,499
- Other: $5,236
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $371,107
- Other: $16,371
- Compensation: $0
- Related: $210,427
- Other: $23,512
- Compensation: $0
- Related: $152,878
- Other: $3,159
- Compensation: $0
- Related: $169,017
- Other: $21,283
- Compensation: $0
- Related: $210,677
- Other: $21,938
- Compensation: $0
- Related: $165,809
- Other: $27,986
- Compensation: $0
- Related: $134,005
- Other: $26,024
- Compensation: $0
- Related: $140,251
- Other: $20,591
- Compensation: $0
- Related: $143,246
- Other: $20,307
- Compensation: $0
- Related: $128,974
- Other: $38,862
Official website here: www.oakwoodvillage.net
Where can I find the form 990 for Oakwood Village University Woods Apartments Inc?
Oakwood Village University Woods Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oakwoodvillage.net
Learn more at the official website: www.oakwoodvillage.net
Mission Statement of Oakwood Village University Woods Apartments Inc
Oakwood Village University Woods Apartments Inc, a Lutheran church-sponsored organization, is dedicated to serving aging adults. This mission is rooted in encouraging individuality, worth, and well-being throughout each stage of life.
At Oakwood Village University Woods Apartments Inc, elderly residents are offered a variety of services tailored to their needs. The complex consists of three independent living apartment homes, The Oaks, Heritage Oaks, and Tower, with 90, 125, and 45 units respectively. Daily check-ins, optional housekeeping, maintenance, and food service plans are available to ensure the well-being of the residents. A full-time social worker, transportation services, and life enrichment activities are on hand to accommodate various physical and mental capabilities. Priority access to assisted living, skilled nursing, and therapy services is granted if necessary. Thirty units of the Tower are operated under Section 8 of the Housing Law for low-income elderly residents, granting them the same continuing care services as market-rate residents. In 2022, a total of 106,574 days of care were provided.
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Impact
October, 2024
Oakwood Village University Woods Apartments Inc significantly impacts the lives of aging adults in Madison, Wisconsin, by providing a supportive and enriching environment tailored to their unique needs. The community offers independent living options through its various apartment homes, ensuring that elderly residents can maintain their autonomy while benefiting from essential services.
Residents receive daily check-ins and can access housekeeping, maintenance, and meal plans tailored to their preferences. The presence of a full-time social worker enhances the support system, offering assistance in navigating social services and enhancing residents' well-being. Transportation services further empower residents to remain active and engaged with the broader community.
Life enrichment activities cater to all physical and mental capabilities, fostering social connections and promoting overall wellness. The facility’s model provides a pathway to additional care, with priority access to assisted living, skilled nursing, and therapy services, ensuring that residents receive the necessary support as their needs evolve.
Moreover, by operating 30 units under the Section 8 housing program, Oakwood Village ensures that low-income elderly residents can access the same high-quality care and services as their market-rate counterparts. This inclusivity underscores the organization’s commitment to serving all segments of the aging population.
In 2022 alone, the community provided over 106,574 days of care, reflecting its vital role in enhancing the quality of life for seniors. Overall, Oakwood Village University Woods Apartments Inc stands as a beacon of support, promoting dignity, individuality, and well-being for aging adults throughout their life journey.
This information is meant to be a general summary of Oakwood Village University Woods Apartments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $175,316
- Program Service Revenue: $12,111,592
- Gross Receipts: $39,809,316
Assets and Liabilities:
- Total Assets: $63,757,060
- Total Liabilities: $104,066,233
- Net Assets: -$40,309,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE FEES
Revenue
$11,445,503
ENTRANCE FEES
Revenue
$666,089
Organization Details
Founding Year
1974
Phone
(608) 230-4699Principal Officer
Christine O'Donnell
Main Address
6165 MINERAL POINT ROAD, MADISON, WI, 53705
Website
www.oakwoodvillage.netNTEE Category
Code: P750 - Human services
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