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← EVANGELICAL RETIREMENT HOMES OF GREATER CHICAGO INC

Form 990 for tax year 2022

Filed by EVANGELICAL RETIREMENT HOMES OF GREATER CHICAGO INC.

Totals

Total revenue
$50,389,165
Total expenses
$64,254,635
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$50,745,584
Investment income
-$364,475
Other revenue
$8,056
Total assets, end of year
$109,870,031
Total liabilities, end of year
$235,326,372
Net assets or fund balances, end of year
-$125,456,341
Program services expenses (Part IX)
$51,630,083
Management and general expenses
$12,624,552
Fundraising expenses
$0
Program service expenses (Part III)
$51,630,083

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RESIDENT SERV REVENUE

    total $45,643,308 · related or exempt $45,643,308

  • 2b · Program service revenue: AMORT. OF ENTRANCE FEES

    total $4,719,473 · related or exempt $4,719,473

  • 2c · Program service revenue: OTHER

    total $382,803 · related or exempt $382,803

  • 3 · Investment income

    total $208,330 · excluded $208,330

  • 7b · Less cost or other basis and sales expenses

    securities $572,805

  • 7c · Gain or loss

    securities -$572,805

  • 7d · Net gain or loss

    total -$572,805 · excluded -$572,805

  • 11a · Other revenue: GAIN FROM INSURANCE CLAIM

    total $8,056 · related or exempt $8,056

  • 11e · Other revenue, total

    $8,056

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,800 · management and general $1,800

  • 7 · Other salaries and wages

    total $17,444,536 · program services $16,242,439 · management and general $1,202,097

  • 8 · Pension plan contributions

    total -$709 · program services -$660 · management and general -$49

  • 9 · Other employee benefits

    total $2,813,789 · program services $2,619,621 · management and general $194,168

  • 11a · Fees: management

    total $6,270,000 · management and general $6,270,000

  • 11b · Fees: legal

    total $841,658 · management and general $841,658

  • 11f · Fees: investment management

    total $89,712 · program services $89,712

  • 11g · Fees: other

    total $11,041,150 · program services $10,408,701 · management and general $632,449

  • 12 · Advertising and promotion

    total $2,117,321 · management and general $2,117,321

  • 13 · Office expenses

    total $412,213 · program services $180,531 · management and general $231,682

  • 14 · Information technology

    total $110,966 · management and general $110,966

  • 16 · Occupancy

    total $3,038,790 · program services $2,857,602 · management and general $181,188

  • 17 · Travel

    total $50,542 · program services $48,674 · management and general $1,868

  • 19 · Conferences, conventions and meetings

    total $4,047 · program services $3,433 · management and general $614

  • 20 · Interest

    total $5,961,706 · program services $5,961,706

  • 22 · Depreciation, depletion and amortization

    total $7,689,358 · program services $7,304,890 · management and general $384,468

  • 23 · Insurance

    total $1,522,113 · program services $1,522,113

  • 24a · Other expenses: FOOD/MEDICINE/SUPPLIES

    total $2,919,785 · program services $2,919,785

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $1,301,525 · program services $1,204,084 · management and general $97,441

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $306,042 · management and general $306,042

  • 24d · Other expenses: RESIDENT EVENTS/PROGRAM

    total $214,722 · program services $214,722

  • 24e · All other expenses

    total $103,569 · program services $52,730 · management and general $50,839

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,819 · end of year $4,664

  • 2 · Savings and temporary cash investments

    beginning of year $2,881,916 · end of year $934,919

  • 4 · Accounts receivable

    beginning of year $1,798,874 · end of year $2,025,213

  • 8 · Inventories for sale or use

    beginning of year $122,280 · end of year $116,714

  • 9 · Prepaid expenses and deferred charges

    beginning of year $136,424 · end of year $938,161

  • 10a · Land, buildings and equipment: cost or other basis

    $231,768,111

  • 10b · Land, buildings and equipment: accumulated depreciation

    $142,006,096

  • 10c · Land, buildings and equipment, net

    beginning of year $93,862,423 · end of year $89,762,015

  • 11 · Investments: publicly traded securities

    beginning of year $11,118,337 · end of year $7,196,890

  • 15 · Other assets

    beginning of year $8,805,521 · end of year $8,891,455

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,645,567 · end of year $9,587,000

  • 19 · Deferred revenue

    beginning of year $5,089,182 · end of year $6,637,529

  • 20 · Tax-exempt bond liabilities

    beginning of year $112,700,352 · end of year $112,871,960

  • 25 · Other liabilities

    beginning of year $107,909,223 · end of year $106,229,883

  • 27 · Net assets without donor restrictions

    beginning of year -$111,613,730 · end of year -$125,456,341

Mission and programs · 2022

Mission

IN THE SPIRIT OF FRIENDSHIP, WE PROVIDE SENIORS WITH DISTINCTIVE HOMES AND EXCEPTIONAL SERVICES THAT RESPECT THEIR FAITH TRADITIONS, SUPPORT THEIR INDEPENDENCE AND ENHANCE THEIR WELL-BEING. OUR EXPERTISE AND RESOURCES ARE EXTENDED TO OUR PARTNERS, AFFILIATES AND THE BROADER COMMUNITY AS AN EXPRESSION OF FRIENDSHIP.

Activities or mission (Part I)

TO PROVIDE MATURE ADULTS WITH EXCEPTIONAL LIVING CHOICES.

  • EVANGELICAL RETIREMENT HOMES OF GREATER CHICAGO DBA: FRIENDSHIP VILLAGE OF SCHAUMBURG IS A LIFE PLAN COMMUNITY PROVIDING LIVING ARRANGEMENTS AND SERVICES TO SENIORS. CAMPUS WIDE SERVICES INCLUDE DINING, ACTIVITIES, MAINTENANCE, HOUSEKEEPING, WELLNESS PROGRAMS, SUPPORTIVE SERVICES, AND 24 HOUR SECURITY. THE INDEPENDENT LIVING AREA (527 RESIDENCES) OFFERS A VARIETY OF PRIVATE LIVING ARRANGEMENTS, A FITNESS CENTER, AND OTHER AMENITIES. THE CAMPUS ALSO HAS 28 GARDEN HOMES, 85 ASSISTED LIVING APARTMENTS, 24 MEMORY SUPPORT UNITS, AND A 199 BED SKILLED HEALTH CARE FACILITY.

    Expenses $51,630,083 · Revenue $50,753,640

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Sheahen

    CHAIR & SECRETARY

    Total calculated
    $1,950
    From this org
    $750
    From related orgs
    $1,200
    Other
    $0
    Hours/week
    0.2 + 0.3 related

  • Loren Trimble

    TREASURE

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Catherine Tardy

    DIRECTOR

    Total calculated
    $1,950
    From this org
    $750
    From related orgs
    $1,200
    Other
    $0
    Hours/week
    0.2 + 0.3 related

  • Jean Schlinkmann

    DIRECTOR

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.2

  • Kathleen Rivera

    DIRECTOR & CHAIR

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.2

  • Michael Flynn

    CEO

    Total calculated
    $321,916
    From this org
    $0
    From related orgs
    $297,935
    Other
    $23,981
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,378 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $557 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,981 related
    Filer's total
    $0 + $321,916 related

  • Nancy D Montavlo

    DIRECTOR OF NURSING

    Total calculated
    $164,628
    From this org
    $0
    From related orgs
    $156,210
    Other
    $8,418
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $156,210 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,418 related
    Filer's total
    $0 + $164,628 related

  • Dawn McCloud

    SALES MANAGER

    Total calculated
    $162,075
    From this org
    $0
    From related orgs
    $146,204
    Other
    $15,871
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $109,275 related
    Bonus
    $0
    Other
    $0 + $36,929 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,871 related
    Filer's total
    $0 + $162,075 related

  • Rick A Paisley

    DIR RES SUPPORT SERVICES

    Total calculated
    $141,361
    From this org
    $0
    From related orgs
    $130,148
    Other
    $11,213
    Hours/week
    1

  • Renan Jay Leandicho

    SUPERVISOR

    Total calculated
    $133,897
    From this org
    $0
    From related orgs
    $124,841
    Other
    $9,056
    Hours/week
    1

  • Colleen E Kowalewski

    DIRECTOR AL AND LIFE SERVICES

    Total calculated
    $137,139
    From this org
    $0
    From related orgs
    $116,599
    Other
    $20,540
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE ORGANIZATION'S CEO WAS DETERMINED BY METHODS USED BY A RELATED ORGANIZATION. SEE SCHEDULE O RESPONSE FOR PART VI, SECTION B, LINE 15A.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 February 2024
IRS schema version
2022v5.0
Source object
202430409349300638

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