Fmh Foundation
- Assets
- $36.1m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Northbrook, IL
- Founding
- 09/1950
- Data as of
- 12/2021
- EIN
- 36-2129183
Organization Overview
Fmh Foundation is located in Northbrook, IL. The organization was established in 1950. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Fmh Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fmh Foundation 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 12/2021, Fmh Foundation generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. 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
PROVIDE RETIREMENT HOUSING FOR LOW INCOME AND DISABLED ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FOR LOW-INCOME AND DISABLED ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Steinberg President | OfficerTrustee | 40 | $508,000 |
Linda Hirshman Former Director | 0 | $156,000 | |
Janet Meyer Accounting Manager | 40 | $118,699 | |
Alan Caplan Director/treasurer/secreta | OfficerTrustee | 5 | $88,520 |
Margot Ettlinger Director/vice President | OfficerTrustee | 5 | $79,928 |
Elyse Forkosh Cutler Director/vice President | OfficerTrustee | 5 | $76,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,364,499 |
| Investment income | $379,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,873,166 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,161,730 |
| 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. | $812,481 |
| Compensation of current officers, directors, key employees. | $812,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,889 |
| Pension plan accruals and contributions | $128,925 |
| Other employee benefits | $169,885 |
| Payroll taxes | $65,458 |
| Fees for services: Management | $146,277 |
| Fees for services: Legal | $56,154 |
| Fees for services: Accounting | $101,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,823 |
| Fees for services: Other | $0 |
| Advertising and promotion | $419 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,886 |
| Travel | $175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $804,663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $768,992 |
| Insurance | $152,699 |
| All other expenses | $94,431 |
| Total functional expenses | $4,822,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,167,205 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $92,810 |
| Net Land, buildings, and equipment | $6,570,093 |
| Investments—publicly traded securities | $24,862,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,355,924 |
| Total assets | $36,084,710 |
| Accounts payable and accrued expenses | $540,345 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,719,067 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $363,831 |
| Total liabilities | $17,623,243 |
| Net assets without donor restrictions | $18,461,467 |
| Net assets with donor restrictions | $0 |
| 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 | $36,084,710 |
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