Altenheim-German Old Peoples Home-
- Assets
- $18.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Forest Park, IL
- Founding
- 10/1926
- Data as of
- 06/2021
- EIN
- 36-2170128
Organization Overview
Altenheim-German Old Peoples Home- is located in Forest Park, IL. The organization was established in 1926. 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, Altenheim-German Old Peoples Home- employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altenheim-German Old Peoples Home- 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, Altenheim-German Old Peoples Home- generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $734.9k during the year ending 06/2021. 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
TO PROVIDE HOUSING AND SERVICES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
56 UNIT APARTMENT BUILDINGS PROVIDE INDEPENDENT LIVING OPPORTUNITIES FOR THE ELDERLY. THIS INCLUDES STUDIO, ONE AND TWO-BEDROOM APARTMENTS. ACCOMMODATIONS INCLUDE ELEVATORS, TRANSPORTATION FOR SHOPPING AND TRIPS, ACTIVITIES, PARKING AND STORAGE AT NO EXTRA COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvel Jean Riley President | OfficerTrustee | 1 | $0 |
Brian Moore Secretary | OfficerTrustee | 1 | $0 |
Marlene Quandt Director Emeritus | Trustee | 1 | $0 |
Erik Fjeldstad Director | Trustee | 1 | $0 |
Mark Zinni Director | Trustee | 1 | $0 |
Ellen Hoye Director | Trustee | 1 | $0 |
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 | $88,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,159 |
| Total Program Service Revenue | $382,323 |
| Investment income | $234,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $357,724 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,063,151 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,024 |
| Payroll taxes | $17,732 |
| Fees for services: Management | $3,387 |
| Fees for services: Legal | $5,595 |
| Fees for services: Accounting | $34,871 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,232 |
| Advertising and promotion | $7,279 |
| Office expenses | $2,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,577 |
| Insurance | $49,084 |
| All other expenses | $544 |
| Total functional expenses | $734,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,195,884 |
| Savings and temporary cash investments | $1,400,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,396 |
| 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 | $14,426 |
| Net Land, buildings, and equipment | $2,070,850 |
| Investments—publicly traded securities | $9,325,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,971,396 |
| Total assets | $17,991,572 |
| Accounts payable and accrued expenses | $62,250 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $53,085 |
| Other liabilities | $35,973 |
| Total liabilities | $151,308 |
| Net assets without donor restrictions | $11,352,635 |
| Net assets with donor restrictions | $6,487,629 |
| 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 | $17,991,572 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Altenheim-German Old Peoples Home- has recieved totaling $2,323.
| Awarding Organization | Amount |
|---|---|
Lowy Haiman Trust Fund 02707016 Chicago, IL PURPOSE: GENERAL | $2,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |