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The Oaks at Bartlett

EIN 01-0729134 · Bartlett, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceGood78 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE OAKS AT BARTLETT, A LIFE PLAN COMMUNITY, EXISTED TO NOURISH, CELEBRATE AND ENHANCE THE MIND, BODY AND SPIRIT. THE ORGANIZATION CEASED SUBSTANTIALLY ALL OPERATIONS EFFECTIVE DECEMBER 2024. MANAGEMENT AND THE RECEIVER CONTINUE TO OVERSEE WIND-DOWN ACTIVITIES, INCLUDING DISPOSITION AND SETTLEMENT OF REMAINING OPERATIONAL, FINANCIAL, CONTRACTUAL, AND RESIDENT-RELATED MATTERS.

Income
$30.0 million
Spending
$11.4 million
Spent on programs
91%
Reserves
1.4 months of spending
Largest source of income
investment income, 69%
Employees
329
Volunteers
0
Highest pay
$183,750, executive director (through 12/13/24)

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100. Higher than 55% of charities in its peer group (housing, $10m to $100m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.4 months of spending.

  • Debt

    5 of 20

    It owes 72% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 62% of income.

  • Income trend

    15 of 15

    Income rose 61% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 78 out of 100. Higher than 13% of charities in its peer group (housing, $10m to $100m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $10.4 million spent. PRIOR TO CESSATION OF OPERATIONS IN DECEMBER 2024, THE OAKS AT BARTLETT OPERATED A LIFE PLAN COMMUNITY PROVIDING HOUSING, HEALTHCARE, REHABILITATION, ASSISTED LIVING, MEMORY SUPPORT, SKILLED NURSING, DINING, WELLNESS, MAINTENANCE, HOUSEKEEPING, TRANSPORTATION, AND RELATED SUPPORTIVE SERVICES FOR SENIORS AGE 62 AND OLDER. DURING THE FISCAL YEAR ENDED JUNE 30, 2024, THE ORGANIZATION OPERATED 164 INDEPENDENT LIVING RESIDENCES, 49 ASSISTED LIVING SUITES, 16 MEMORY SUPPORT SUITES, AND 60 SKILLED NURSING ROOMS.DURING THE YEAR ENDED JUNE 30, 2025, THE ORGANIZATION CEASED SUBSTANTIALLY ALL COMMUNITY OPERATIONS AND TRANSITIONED RESIDENTS AND SERVICES IN ACCORDANCE WITH REGULATORY AND CONTRACTUAL REQUIREMENTS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2005.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.