Multi-Faith Retirement Services
Also known as Live Oak Retirement Community
Multi-Faith Retirement Services reported $12.7 million in revenue and $14.2 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $78.04 went to program services, $21.96 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.8% of the total. The highest compensation it reported for one person was $1,235,962 (PRESIDENT/CEO/TRUSTEE). Revenue fell 1% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $14MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.0% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.0% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.8% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,235,962 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 8.68% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 0 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.1 | 6.8 |
| Independent voting board members Part VI 1a–1b | 3 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseProviding housing, healthcare and other related services to the elderly through the operation of a retirement community consisting of 112-staffed bed skilled nursing facility and 119 independent living units. The center provided 29,565 days of nursing services during the fiscal year ending september 30,2025, which is an average of 81 patients per day. The center's independent living had a total of 40,150 resident days during the fiscal year ended september 30, 2025, which is an average of 110 residents per day
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO/TRUSTEE Director/trustee, officer, 5.00 hrs/week | $0 | $1,198,356 | $37,606 | $1,235,962 |
| TRUSTEE/PHYSICIAN Director/trustee, 4.00 hrs/week | $0 | $225,704 | $10,800 | $236,504 |
0 people received more than $100,000 in reportable compensation from Multi-Faith Retirement Services (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5118
- Volunteers Part I, line 637
Correct a figure or respond
Every number above is copied from Multi-Faith Retirement Services's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Multi-Faith Retirement Services, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Multi-Faith Retirement Services spent in FY2025, $78.04 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Multi-Faith Retirement Services's spending goes to programs?
In the fiscal year ending September 30, 2025, Multi-Faith Retirement Services reported that 78.0% of its $14.2 million in expenses went to program services, 22.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Multi-Faith Retirement Services pay its top executive?
The largest total compensation Multi-Faith Retirement Services reported for one person in the fiscal year ending September 30, 2025 was $1,235,962, for the role of PRESIDENT/CEO/TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Multi-Faith Retirement Services get its money?
Of $12.7 million in revenue in the fiscal year ending September 30, 2025, 0.0% came from contributions and grants and 95.8% from program service revenue (Form 990, Part VIII).
Is Multi-Faith Retirement Services a registered charity?
The IRS lists EIN 72-0809402 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202602019349301465 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202512199349300536 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202402159349300435 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202322219349300912 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242179349300929 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132079349301423 · read the filing
All filings for EIN 72-0809402: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.