Washington And Jane Smith Community Beverly
- Assets
- $79.4m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 311
- Location
- Chicago, IL
- Founding
- 02/1934
- Data as of
- 06/2022
- EIN
- 36-2167948
Organization Overview
Washington And Jane Smith Community Beverly, operating under the name Smith Village, is located in Chicago, IL. The organization was established in 1934. 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 06/2022, Smith Village employed 311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smith Village 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 06/2022, Smith Village generated $17.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $22.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY IS TO ENRICH THE (SEE SCHEDULE O) LIVES OF SENIOR ADULTS BY OFFERING THOUGHTFUL INNOVATIONS IN SERVICES FOR A VARIETY OF LIFESTYLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIOR ADULTS IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY OPERATES A 78 BED SKILLED NURSING CARE UNIT. SERVICES PROVIDED INCLUDE 24-HOUR NURSING CARE AND REHABILITATION SERVICES. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY IS LICENSED FOR AND ACCEPTS BOTH MEDICARE AND MEDICAID AS SUPPLEMENTARY PAYMENT SOURCES. CONTRACTUAL ARRANGEMENTS UNDER THESE PROGRAMS DO NOT ALWAY PROVIDE FOR COVERAGE FOR ALL COST OF SERVICES. DURING THE YEAR, THE ORGANIZATION PROVIDED $14,490 IN CHARITABLE SERVICES TO RESIDENTS IN SKILLED NURSING. THE COMMUNITY ALSO PROVIDED $121,560 IN HEALTH CARE DISCOUNTS TO ITS RESIDENTS.
THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 62 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WITHIN THE COMMUNITY, WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY OPERATES 149 INDEPENDENT LIVING APARTMENTS. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY BEGAN OPERATION OF THESE UNITS IN NOVEMBER 2007. RESIDENTS RECEIVE DISCOUNTED SERVICES IN HEALTHCARE SHOULD THEY REQUIRE TRANSITION TO ASSISTED LIVING OR INTO SKILLED CARE. RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES CAN APPLY FOR SUPPORT THROUGH THE CHARITABLE CARE FUNDS OF WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY.
THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 55 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY OPERATES A 82 UNIT ASSISTED LIVING CENTER. SERVICES INCLUDE PROVISION OF ASSISTANCE TO INDIVIDUALS WHO CAN NO LONGER LIVE INDEPENDENTLY AND NEED ASSISTANCE WITH AT LEAST THREE ACTIVITIES OF DAILY LIVING SUCH AS EATING, BATHING, DRESSING, MEDICATIONS, ETC. INDIVIDUALS RESIDING IN ASSISTED LIVING WHO HAVE OUTLIVED THEIR FINANCIAL RESOURCES ARE FURTHER SUPPORTED BY THE CHARITABLE CARE FUNDS OF WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY. DURING THE YEAR $39,448 IN CHARITABLE SERVICES WERE PROVIDED TO RESIDENTS IN ASSISTED LIVING. THE COMMUNITY ALSO PROVIDED $158,130 IN HEALTH CARE DISCOUNTS TO ITS RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marti Jatis Executive Director | 37.5 | $153,606 | |
Alice E Keane Vice Board Chair | OfficerTrustee | 1 | $0 |
Ann Haskins Board Member & Chair | OfficerTrustee | 2 | $0 |
James Schmitt Chief Information Officer | Officer | 12 | $0 |
Raymond Marneris Treasurer/cfo | Officer | 12 | $0 |
Kevin Mcgee President/ceo | Officer | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Washington And Jane Smith Home Nursing Services | 6/29/22 | $2,460,827 |
Morrison Dining Services Dining Services | 6/29/22 | $2,078,633 |
Washington And Jane Smith Home Consulting Services | 6/29/22 | $1,771,842 |
Aegis Therapies Inc Rehabilitation Services | 6/29/22 | $658,542 |
Davis Harrison Dion Marketing | 6/29/22 | $311,979 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $642,169 |
| Government grants | $864,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,718,214 |
| Total Program Service Revenue | $15,057,829 |
| Investment income | $263,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,560 |
| Net Gain/Loss on Asset Sales | $406,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,733,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,038 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,918,803 |
| Pension plan accruals and contributions | $72,244 |
| Other employee benefits | $691,828 |
| Payroll taxes | $462,944 |
| Fees for services: Management | $1,771,842 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,478 |
| Fees for services: Other | $3,449,399 |
| Advertising and promotion | $350,465 |
| Office expenses | $355,066 |
| Information technology | $62,548 |
| Royalties | $0 |
| Occupancy | $1,877,774 |
| Travel | $261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,083 |
| Interest | $1,101,472 |
| Payments to affiliates | $2,253,537 |
| Depreciation, depletion, and amortization | $2,664,263 |
| Insurance | $512,770 |
| All other expenses | $0 |
| Total functional expenses | $22,096,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540 |
| Savings and temporary cash investments | $2,171,719 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $799,435 |
| 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 | $141,167 |
| Net Land, buildings, and equipment | $63,663,070 |
| Investments—publicly traded securities | $9,885,892 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,707,237 |
| Total assets | $79,369,060 |
| Accounts payable and accrued expenses | $4,193,873 |
| Grants payable | $0 |
| Deferred revenue | $948,935 |
| Tax-exempt bond liabilities | $51,682,516 |
| Escrow or custodial account liability | $206,911 |
| 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 | $22,173,493 |
| Total liabilities | $79,205,728 |
| Net assets without donor restrictions | $163,332 |
| 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 | $79,369,060 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washington And Jane Smith Community Beverly has recieved totaling $38,207.
| Awarding Organization | Amount |
|---|---|
Ruth O Secord Perpetual Charitable Trust Chicago, IL PURPOSE: GENERAL | $38,207 |
Endowment Analysis
| Beg. Balance | $17,636,806 |
| Earnings | -$2,259,944 |
| Other Expense | $642,169 |
| Ending Balance | $14,734,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Lutheran Homes Inc Fort Wayne, IN | $58,928,684 | $39,157,951 |
Greencroft Goshen Inc Goshen, IN | $95,333,983 | $41,677,361 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Baptist Convalescent Center Inc Erlanger, KY | $70,429,855 | $32,396,386 |