Franciscan Communities Inc
- Assets
- $257.0m
- Revenue
- $105.6m
- Investments
- $0.0
- Employees
- 1,541
- Location
- Lemont, IL
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 35-1124441
Organization Overview
Franciscan Communities Inc is located in Lemont, IL. The organization was established in 1946. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Franciscan Communities Inc employed 1,541 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Franciscan Communities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Franciscan Communities Inc generated $105.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $104.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME CARE: FRANCISCAN COMMUNITIES PROVIDES NURSING CARE SERVICES TO MEET THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF THE RESIDENTS. SOME OF THE AMENITIES PROVIDED INCLUDE PERSONALIZED CARE PLANS, LICENSED NURSING STAFF, THREE MEALS DAILY, SNACKS, HOUSEKEEPING, MAINTENANCE, RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES, AND SECURITY. THE AVERAGE DAILY CENSUS APPROXIMATED 385 IN FISCAL 2021.
INDEPENDENT LIVING: FRANCISCAN COMMUNITIES PROVIDES INDEPENDENT LIVING SERVICES TO ALLOW RESIDENTS TO ENJOY ACTIVE AND INDEPENDENT LIFESTYLES. THESE SERVICES ARE DESIGNED TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF THE RESIDENTS. ACCOMMODATIONS INCLUDE GARDEN HOMES, VILLAS, AND APARTMENTS. SOME OF THE AMENITIES PROVIDED INCLUDE DINING, HOUSEKEEPING, MAINTENANCE, TRANSPORTATION, HEALTH AND FITNESS, RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES, SECURITY, AND AN EMERGENCY RESPONSE SYSTEM. THE AVERAGE CENSUS IN INDEPENDENT LIVING APPROXIMATED 534 IN FISCAL 2021.
ASSISTED LIVING: FRANCISCAN COMMUNITIES PROVIDES ASSISTED LIVING SERVICES TO ALLOW RESIDENTS TO RECEIVE THE ASSISTANCE THEY NEED WHILE MAINTAINING AN ACTIVE LIFESTYLE. THESE SERVICES ARE DESIGNED TO MEET THE PHYSICAL, SOCIAL AND SPIRITUAL NEEDS OF THE RESIDENTS. ACCOMMODATIONS INCLUDE EFFICIENCIES, STUDIOS, AND ONE BEDROOM UNITS. SOME OF THE AMENITIES PROVIDED INCLUDE THREE MEALS DAILY, SNACKS, HOUSEKEEPING, MAINTENANCE, SECURITY, AND RELIGIOUS AND LIFE ENRICHMENT ACTIVITIES. IN ADDITION, STAFF IS AVAILABLE TO PROVIDE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING TO MEET EACH RESIDENT'S NEEDS. THE AVERAGE CENSUS IN ASSISTED LIVING APPROXIMATED 264 IN FISCAL 2021.
CONTRACTED LABOR AND MANAGEMENT FEES WITH RELATED EXEMPT ORGANIZATION, RESIDENT SERVICE PROVIDER LEASE INCOME, AND COMMUNITY SPACE RENTAL INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Assistant Secretary | Officer | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Symbria Rehab Inc Therapy | 6/29/21 | $4,094,773 |
Franciscan Sisters Of Chicago Service Corporation Management Services | 6/29/21 | $6,524,357 |
Zentel Tech Llc Mechanical Sevices | 6/29/21 | $721,495 |
United Methodist Healthcare Recruitment Contracted Nurse Staffing | 6/29/21 | $567,642 |
Grape Tree Medical Staffing Contracted Clinical Staffing | 6/29/21 | $177,782 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,490 |
| Related organizations | $18,000 |
| Government grants | $2,706,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $453,313 |
| Noncash contributions included in lines 1a–1f | $25,232 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,188,116 |
| Total Program Service Revenue | $97,026,318 |
| Investment income | $1,565,545 |
| Tax Exempt Bond Proceeds | $267,628 |
| Royalties | $0 |
| Net Rental Income | $3,238 |
| Net Gain/Loss on Asset Sales | $3,172,975 |
| Net Income from Fundraising Events | $38,377 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,555,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $851,167 |
| Compensation of current officers, directors, key employees. | $595,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,258,961 |
| Pension plan accruals and contributions | $349,230 |
| Other employee benefits | $4,594,501 |
| Payroll taxes | $2,632,400 |
| Fees for services: Management | $6,088,956 |
| Fees for services: Legal | $80,079 |
| Fees for services: Accounting | $53,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $426,281 |
| Fees for services: Other | $16,644,971 |
| Advertising and promotion | $287,399 |
| Office expenses | $3,076,860 |
| Information technology | $51,484 |
| Royalties | $0 |
| Occupancy | $6,562,676 |
| Travel | $38,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,542 |
| Interest | $5,889,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,847,342 |
| Insurance | $1,730,002 |
| All other expenses | $1,278,516 |
| Total functional expenses | $104,123,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,321 |
| Savings and temporary cash investments | $6,385,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,389,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $701,275 |
| Prepaid expenses and deferred charges | $1,127,251 |
| Net Land, buildings, and equipment | $101,997,953 |
| Investments—publicly traded securities | $138,201,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,159,985 |
| Total assets | $256,975,349 |
| Accounts payable and accrued expenses | $14,704,523 |
| Grants payable | $0 |
| Deferred revenue | $58,472,132 |
| Tax-exempt bond liabilities | $133,637,604 |
| Escrow or custodial account liability | $29,773 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,711,639 |
| Total liabilities | $209,555,671 |
| Net assets without donor restrictions | $42,395,048 |
| Net assets with donor restrictions | $5,024,630 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $256,975,349 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franciscan Communities Inc has recieved totaling $8,056.
| Awarding Organization | Amount |
|---|---|
Crown Point Community Foundation Inc Crown Point, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $8,056 |
Endowment Analysis
| Beg. Balance | $400,000 |
| Other Expense | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifespace Communities Inc West Des Moines, IA | $1,235,093,381 | $288,575,366 |
Lutheran Senior Services St Louis, MO | $593,715,576 | $181,287,536 |
Ascension Michigan St Louis, MO | $23,891,639 | $140,150,374 |
Franciscan Communities Inc Lemont, IL | $256,975,349 | $105,555,316 |
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Evangelical Retirement Homes Of Greater Chicago Inc Schaumburg, IL | $118,730,594 | $50,606,372 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Westminster Place Skokie, IL | $182,178,492 | $52,629,368 |
Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |