Parkview Home Of Freeport Illinois
- Assets
- $36.9m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 198
- Location
- Freeport, IL
- Founding
- 05/1945
- Data as of
- 12/2023
- EIN
- 36-2170134
Organization Overview
Parkview Home Of Freeport Illinois is located in Freeport, IL. The organization was established in 1945. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2023, Parkview Home Of Freeport Illinois employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkview Home Of Freeport Illinois 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 12/2023, Parkview Home Of Freeport Illinois generated $6.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $8.4m during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 9 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
HOME FOR THE AGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME FOR THE ELDERLY - TO PROVIDE QUALITY RETIREMENT LIVING WHICH PROVIDES A HIGH LEVEL OF INDEPENDENCE. SERVICES PROVIDED CONSIST OF FOOD, SHELTER AND HEALTH CARE. 103 PERSONS BENEFITTED.
HEALTH CARE - SERVICES PROVIDED CONSIST OF NURSING CARE. 103 PERSONS BENEFITTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Gitz Former Admin | Officer | 40 | $78,187 |
Ferol Labash Administrato | Officer | 40 | $85,312 |
Lucas Beggin Treasurer | OfficerTrustee | 1 | $0 |
Jeff Cowman Director | Trustee | 1 | $0 |
Todd Curry Director | Trustee | 1 | $0 |
Robert Dahms Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Noelker And Hull Assoc Inc Architects | 12/30/16 | $0 |
Ringland-johnson Construction | 12/30/16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $958,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,002,593 |
| Total Program Service Revenue | $4,985,588 |
| Investment income | $167,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,584 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,226,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $205,448 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,518 |
| Compensation of current officers, directors, key employees. | $172,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,342,589 |
| Pension plan accruals and contributions | $22,975 |
| Other employee benefits | $404,268 |
| Payroll taxes | $251,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,266 |
| Fees for services: Accounting | $194,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184,293 |
| Fees for services: Other | $964,228 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $581,998 |
| Travel | $1,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $737,345 |
| Insurance | $324,245 |
| All other expenses | $34,098 |
| Total functional expenses | $8,357,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $683,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $339,647 |
| 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 | $59,748 |
| Net Land, buildings, and equipment | $11,781,263 |
| Investments—publicly traded securities | $4,811,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,262,215 |
| Total assets | $36,938,005 |
| Accounts payable and accrued expenses | $1,027,598 |
| Grants payable | $0 |
| Deferred revenue | $829,366 |
| 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 | $2,743,967 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,676,570 |
| Total liabilities | $8,277,501 |
| Net assets without donor restrictions | $9,471,499 |
| Net assets with donor restrictions | $19,189,005 |
| 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 | $36,938,005 |