Nonprofit · EIN 23-7401541
OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC
Tax-exempt · MADISON, WI 53705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $18,302,325 | $18,518,199 | -$215,874 | $76,128,746 | $110,047,532 | -$33,918,786 |
| December 31, 2024 | 990 | $17,112,296 | $15,624,662 | $1,487,634 | $71,215,018 | $107,554,917 | -$36,339,899 |
| December 31, 2023 | 990 | $15,605,416 | $16,120,735 | -$515,319 | $67,847,088 | $105,682,149 | -$37,835,061 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $611,598
- Program service revenue
- $16,036,594
- Investment income
- $1,654,133
- Net gain from sales of assets
- $185,461
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $251,835
- Other salaries and wages
- $6,635,285
- Salaries, compensation and benefits (total)
- $8,722,098
- Professional fundraising fees
- $0
- Legal fees
- $43,422
- Accounting fees
- $53,706
- Occupancy
- $1,863,926
- Travel
- $9,004
- Depreciation
- $3,087,287
- Program services (functional)
- $15,043,925
- Management and general (functional)
- $3,474,274
Balance sheet and other
- Total assets, start of year
- $71,215,018
- Total assets, end of year
- $76,128,746
- Total liabilities, end of year
- $110,047,532
- Net assets, end of year
- -$33,918,786
- Land, buildings and equipment
- $21,965,935
- Publicly traded securities
- $36,855,402
- Net assets without donor restrictions
- -$34,363,811
- Net assets with donor restrictions
- $445,025
- Gross receipts
- $29,441,195
- Employees
- 0
- Volunteers
- 493
- Year formed
- 1974
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JANICE HAMILTON-CRAWFORD | CEO Officer | 9 | $0 | $521,118 | $26,547 |
| SUSAN RAFFERTY | CHIEF HUMAN RESOURCES OFFICER Key employee | 9 | $0 | $266,859 | $19,585 |
| CHRISTINE O'DONNELL | CFO Officer | 9 | $0 | $274,858 | $10,298 |
| ANGELA STUDNICKA | PHARMACY DIRECTOR Highest-paid employee | 10 | $0 | $191,824 | $44,124 |
| SUSAN HUSOM | HOSPITAL CLINICAL DIRECTOR Highest-paid employee | 10 | $0 | $193,232 | $24,596 |
| MARY BARROS | VP CAPITAL PROJECTS AND FACILITIES Highest-paid employee | 10 | $0 | $207,363 | $3,949 |
| MUSA SUWAREH | REGISTERED NURSE Highest-paid employee | 0 | $0 | $196,824 | $1,011 |
| AMBER DONOVAN | ED OF UW Highest-paid employee | 20 | $0 | $187,592 | $950 |
| KEVIN HAYDEN | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TOM HANSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| WYNN DAVIES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BISHOP JOY MORTENSEN-WIEBE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| FAYE WHITAKER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JANICE HAMILTON-CRAWFORD | CEO Officer | 9 | $0 | $631,276 | $13,399 |
| SUSAN RAFFERTY | CHIEF HUMAN RESOURCES OFFICER Key employee | 9 | $0 | $342,482 | $16,092 |
| CHRISTINE O'DONNELL | CFO Officer | 9 | $0 | $301,893 | $8,649 |
| SUSAN HUSOM | HOSPITAL CLINICAL DIRECTOR Highest-paid employee | 10 | $0 | $213,786 | $26,913 |
| ANGELA STUDNICKA | PHARMACY DIRECTOR Highest-paid employee | 10 | $0 | $179,500 | $39,185 |
| TRACY HEAD | PHARMACIST Highest-paid employee | 10 | $0 | $144,699 | $39,086 |
| JENNIFER MAINA | VP OF CLINICAL EXCELLENCE Highest-paid employee | 10 | $0 | $152,387 | $17,468 |
| MADELINE WIGER | EXECUTIVE DIRECTOR Highest-paid employee | 10 | $0 | $145,543 | $12,877 |
| KEVIN HAYDEN | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CLIFF HAALAND | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TOM HANSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WYNN DAVIES | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BISHOP JOY MORTENSEN-WIEBE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTINE O'DONNELL | CHIEF FINANCIAL OFFICER Officer | 9 | $0 | $250,310 | $7,889 |
| MARJORIE MURRAY | CHIEF OPERATING OFFICER (THRU OCT) Officer | 9 | $0 | $242,865 | $13,307 |
| ANGELA STUDNICKA | PHARMACY DIRECTOR Highest-paid employee | 10 | $0 | $170,152 | $20,418 |
| MICHELLE KNUTSON | CONTROLLER Highest-paid employee | 10 | $0 | $161,607 | $13,221 |
| SUSAN RAFFERTY | CHIEF HUMAN RESOURCES OFFICER Key employee | 9 | $0 | $174,695 | $87 |
| KIMBERLY GOCHANOUR | EXECUTIVE DIRECTOR Highest-paid employee | 10 | $0 | $150,555 | $22,762 |
| JENNIFER MAINA | VP OF CLINICAL EXCELLENCE Highest-paid employee | 10 | $0 | $146,850 | $22,231 |
| SUSAN HUSOM | HOSPICE CLINICAL DIRECTOR Highest-paid employee | 10 | $0 | $141,626 | $21,180 |
| MADELINE WIGER | EXECUTIVE DIRECTOR Officer | 10 | $0 | $128,054 | $9,597 |
| KEVIN HAYDEN | INTERIM CEO (THROUGH OCT) Trustee or director, Officer | 9 | $0 | $124,712 | $116 |
| JANICE HAMILTON-CRAWFORD | PRESIDENT AND CEO Officer | 9 | $0 | $80,371 | $19 |
| LINDA JOHNSON | CFO (THROUGH FEB) Officer | 9 | $0 | $70,412 | $5,856 |
| CALVIN WILLIAMS | CHAIR, INTERIM CEO (THRU MAR) Trustee or director, Officer | 9 | $0 | $44,135 | $0 |
| PEDER MOREN | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TOM HANSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WYNN DAVIES | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CURTIS BUSH | SECRETARY (THROUGH MAY) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CLIFF HAALAND | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOY GANDER | DIRECTOR (THROUGH MAY) Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6165 MINERAL POINT RD, MADISON, WI 53705-4457
- Principal officer (990 for 2025)
- PHILIP SMART, 6165 MINERAL POINT ROAD, MADISON, WI 53705
- Signed the 990
- PHILIP SMART, CHIEF FINANCIAL OFFICER
- Phone
- (608) 230-4699
- Website
- WWW.OAKWOODVILLAGE.NET
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
OAKWOOD IS CALLED TO SERVE A THRIVING COMMUNITY WHERE SENIORS LIVE WITH DIGNITY, CONNECTION, AND PURPOSE.
Program accomplishments
- THE OAKS, HERITAGE OAKS AND TOWER ARE 90, 125 AND 10 UNIT INDEPENDENT LIVING APARTMENT HOMES FOR THE ELDERLY. RESIDENTS RECEIVE DAILY CHECK INS, OPTIONAL HOUSEKEEPING, AND MAINTENANCE. THERE IS 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. 10 UNITS OF THE TOWER ARE OPERATED UNDER SECTION 8 OF THE HOUSING LAW FOR LOW INCOME ELDERLY. THE RESIDENTS THAT QUALIFY FOR THE HUD PROGRAM HAVE THE SAME CONTINUING CARE SERVICES AS MARKET RATE RESIDENTS. DURING 2025, THERE WERE 81,349 DAYS OF CARE.Expenses $10,332,412 · revenue $10,413,285
- TABOR OAKS IS A 60 BED ASSISTED LIVING FACILITY THAT PROVIDED CARE TO AGING RESIDENTS THAT REQUIRE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING. SERVICES INCLUDE 3 MEALS PER DAY, 24/7 NURSING CARE, LIFE ENRICHMENT ACTIVITIES, TRANSPORTATION, MEDICATION MANAGEMENT, PASTORAL CARE AND AVAILABILITY TO REHABILITATION SERVICES IF NEEDED. RESIDENTS WHO ARE NOT ELIGIBLE FOR PUBLIC ASSISTANCE AND ARE UNABLE TO PAY MAY BE SUBSIDIZED INTERNALLY. DURING 2025, THERE WERE 21,298 DAYS OF CARE.Expenses $4,711,513 · revenue $5,623,309
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7401541
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $76,128,746
- Income (IRS master file)
- $29,441,195
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $18,302,325 | $18,518,199 | $76,128,746 | XML |
| 990 | December 2024 | $17,112,296 | $15,624,662 | $71,215,018 | XML |
| 990 | December 2023 | $15,605,416 | $16,120,735 | $67,847,088 | XML |
| 990 | December 2022 | $12,359,319 | $13,442,186 | $63,757,060 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7401541).
Questions about OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC
- What is the EIN of OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC?
- The employer identification number (EIN) of OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC is 23-7401541.
- Is OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC?
- The 990 for the year ended December 31, 2025 names PHILIP SMART.
- Who are the officers and directors of OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $18,302,325, expenses of $18,518,199 and total assets of $76,128,746 at year end.
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