Altenheim-German Old Peoples Home-
- Assets
- $16.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Forest Park, IL
- Founding
- 10/1926
- Data as of
- 06/2023
- 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 06/2023, Altenheim-German Old Peoples Home- employed 6 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 06/2023, Altenheim-German Old Peoples Home- generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $908.0k during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
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 |
|---|---|---|---|
Brian Moore Secretary | OfficerTrustee | 1 | $0 |
Marlene Quandt Director Emeritus | Trustee | 1 | $0 |
Ellen Hoye Director | Trustee | 1 | $0 |
Marvel Jean Riley President | OfficerTrustee | 1 | $0 |
Erik Fjeldstad Director | Trustee | 1 | $0 |
Mark Zinni 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 | $145,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,797 |
| Total Program Service Revenue | $591,697 |
| Investment income | $263,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $132,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,133,979 |
| 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 | $208,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,098 |
| Payroll taxes | $19,359 |
| Fees for services: Management | $5,058 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,253 |
| Advertising and promotion | $10,228 |
| Office expenses | $2,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,912 |
| 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 | $155,772 |
| Insurance | $55,288 |
| All other expenses | $1,885 |
| Total functional expenses | $908,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,149 |
| Savings and temporary cash investments | $255,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,369 |
| 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 | $26,237 |
| Net Land, buildings, and equipment | $2,035,252 |
| Investments—publicly traded securities | $10,442,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,318,085 |
| Total assets | $16,617,348 |
| Accounts payable and accrued expenses | $20,113 |
| 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 | $0 |
| Other liabilities | $51,429 |
| Total liabilities | $71,542 |
| Net assets without donor restrictions | $10,577,623 |
| Net assets with donor restrictions | $5,968,183 |
| 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 | $16,617,348 |