Overview
What is Oak Hammock At The University Of Florida Inc?
Oak Hammock at the University of Florida Inc is a nonprofit organization situated in Gainesville, Florida. The organization operates a retirement community designed for senior adults, offering them housing, lifelong learning, healthcare, and related services. The community consists of 269 residential units, including apartments, villas, and homes, as well as 46 assisted living units, 24 memory care assisted living units, and a 73-bed skilled nursing center. Oak Hammock supports its members by providing a continuum of quality lifestyle and healthcare programs and outstanding enrichment opportunities in collaboration with the University of Florida. The total number of resident days in the current year amounted to 173,827.
Official website here: www.oakhammock.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Oak Hammock At The University Of Florida Inc has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is based entirely on its accountability and finance metrics, showcasing a commitment to transparency and responsible financial management.
The organization excels in several areas, including having a wholly independent board of directors and a strong program expense ratio of 89.38%, which suggests that a significant portion of its resources is directed toward its mission-driven activities. Furthermore, it implements robust governance practices such as a conflict of interest policy and a whistleblower policy, contributing to its high score in accountability.
While the organization demonstrates strong financial oversight and governance, the specific details regarding program outcomes or community impact were not highlighted in the available data. As such, potential donors may want to consider how these financial strengths translate into effective programming and tangible results in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Hammock At The University Of Florida Inc legitimate?
Oak Hammock At The University Of Florida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Hammock At The University Of Florida 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: $548,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,254,090
For more financial information, click here
Official website here: www.oakhammock.org
What is the mission statement of Oak Hammock At The University Of Florida Inc?
Oak Hammock at the University of Florida Inc is committed to fostering an active, caring community for senior adults by offering a range of quality lifestyle and healthcare programs and enrichment opportunities. The organization provides housing, healthcare services, and related facilities to older adults, with a continuum of care that includes 212 apartments, 57 villas and homes, 46 assisted living units, 24 memory care assisted living units, and a 73-bed skilled nursing center. Oak Hammock supports its members in living their best lives, offering them opportunities for lifelong learning and engaging in various activities while ensuring access to exceptional healthcare services. Throughout the year, the community provides over 173,000 resident days of care and support.
Official website here: www.oakhammock.org
Who is the CEO of Oak Hammock At The University Of Florida Inc?
Kevin Ahmadi is the Board Chairman of Oak Hammock At The University Of Florida Inc. The CEO's salary of Oak Hammock At The University Of Florida Inc is $264,312 and their total compensation is $292,583.
Official website here: www.oakhammock.org
What is the revenue of Oak Hammock At The University Of Florida Inc?
Oak Hammock At The University Of Florida Inc's revenue in 2022 was $41,637,523.
Official website here: www.oakhammock.org
Who are the executives of Oak Hammock At The University Of Florida Inc and what are their salaries?
The average compensation at Oak Hammock At The University Of Florida Inc during 2022 was $25,608. There are 539 employees and 11 volunteers at Oak Hammock At The University Of Florida Inc.
Here are 19 key members and their salaries (Oak Hammock At The University Of Florida Inc's CEO's salary is $264,312 and their total compensation is $292,583):
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- Compensation: $264,312
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- Other: $28,271
- Compensation: $207,411
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- Other: $33,777
- Compensation: $137,436
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- Compensation: $148,625
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- Other: $25,156
- Compensation: $136,985
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- Other: $2,205
- Compensation: $121,660
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- Other: $32,048
Official website here: www.oakhammock.org
Where can I find the form 990 for Oak Hammock At The University Of Florida Inc?
Oak Hammock At The University Of Florida Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oakhammock.org
Learn more at the official website: www.oakhammock.org
Mission Statement of Oak Hammock At The University Of Florida Inc
Oak Hammock at the University of Florida Inc is a reputable organization devoted to catering to the needs of the elderly population. Its mission is geared towards creating an engaging, caring community for seniors by delivering a range of top-quality lifestyle and healthcare programs, as well as exceptional enrichment opportunities.
In practice, this esteemed organization operates a retirement community, providing housing, ongoing learning opportunities, healthcare services, and related assistance to seniors. With a current inventory of 269 residential units, including 212 apartments, 57 villas and homes, 46 assisted living units, 24 memory care assisted living units, and a 73-bed skilled nursing center, Oak Hammock at the University of Florida Inc offers a continuum of care designed to meet the evolving needs of its members.
The vibrant community at Oak Hammock is more than just a place to live. It is a place where seniors can find companionship, pursue their passions, and access the care they need to maintain their health and wellbeing. Throughout the year, the organization serves a significant number of residents, totaling 173,827 resident days, demonstrating its commitment to supporting its members and providing them with the best possible living experience.
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Impact
October, 2024
Oak Hammock at the University of Florida Inc significantly enhances the lives of senior adults by providing a well-rounded retirement community in Gainesville, Florida. It offers various living options, including 269 residential units, which comprise apartments, villas, and homes, as well as specialized care facilities such as assisted living units and a skilled nursing center. This diversity ensures that residents can receive care that is tailored to their individual needs.
The community is committed to facilitating lifelong learning and fostering an engaging environment through a continuum of quality lifestyle programs and healthcare services. With nearly 174,000 resident days recorded in the current year, Oak Hammock exemplifies a vibrant community where seniors can thrive, participate in enrichment activities, and maintain their independence while having access to necessary health care.
Additionally, Oak Hammock collaborates with the University of Florida, leveraging educational resources to promote intellectual growth and engagement among its residents. This partnership not only enriches the lives of senior adults but also strengthens ties with the university, creating a bridge between generations and promoting a sense of community and belonging.
The impact of Oak Hammock is reflected in its commitment to creating an active, caring, and supportive environment that prioritizes the well-being and enrichment of its residents, fundamentally improving their quality of life.
This information is meant to be a general summary of Oak Hammock At The University Of Florida 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: $934,078
- Program Service Revenue: $37,586,728
- Gross Receipts: $41,637,523
Assets and Liabilities:
- Total Assets: $117,277,180
- Total Liabilities: $172,896,044
- Net Assets: -$55,618,864
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$18,464,863
HEALTH CARE SERVICES
Revenue
$11,556,976
EARNED ENTRANCE SERVICES
Revenue
$7,001,902
OTHER RESIDENT REVENUE
Revenue
$562,987
Organization Details
Founding Year
1998
Phone
(352) 548-1000Principal Officer
Kevin Ahmadi
Main Address
5100 SW 25TH BLVD, GAINESVILLE, FL, 32608
Website
www.oakhammock.orgNTEE Category
Code: P750 - Human services
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