Danish Old Peoples Home Society
- Assets
- $10.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 65
- Location
- Chicago, IL
- Founding
- 01/1938
- Data as of
- 09/2021
- EIN
- 36-2181996
Organization Overview
Danish Old Peoples Home Society, operating under the name The Danish Home, is located in Chicago, IL. The organization was established in 1938. 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 09/2021, Danish Home employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Danish 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 09/2021, Danish Home generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.5m during the year ending 09/2021. While expenses have increased by 1.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SOCIETY IS TO MAINTAIN AND OPERATE, ON A CHARITABLE BASIS, A NOT-FOR-PROFIT HOME DESIGNED TO MEET THEIR SPIRITUAL, MENTAL, PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY MAINTAINS AND OPERATES A HOME PROVIDING CARE FOR ELDERLY PERSONS. LIVING QUARTERS, NURSING CARE, FOOD SERVICES AND ACTIVITIES ARE PROVIDED TO THE APPROXIMATELY 49 RESIDENTS SERVED PER DAY, INCLUDING 11,937 DAYS OF SHELTERED CARE AND 2,515 DAYS OF NURSING CARE, ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Swanson President/ceo | OfficerTrustee | 20 | $185,998 |
Fred Saviano Treasurer | OfficerTrustee | 30 | $132,221 |
Kim Eriksen Secretary | OfficerTrustee | 2 | $0 |
Stan Heidemann Vice Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Humana Health Plan Inc Employee Health Insurance | 9/29/17 | $143,872 |
Usfoods Supplier Of Food And Berverages | 9/29/17 | $114,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $563,993 |
| Government grants | $390,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,921 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,914 |
| Total Program Service Revenue | $2,377,747 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,049 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,905,710 |
| 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. | $318,140 |
| Compensation of current officers, directors, key employees. | $318,140 |
| Compensation to disqualified persons | $1,623,939 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $215,669 |
| Payroll taxes | $113,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,147 |
| Fees for services: Accounting | $23,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,027 |
| Advertising and promotion | $56,375 |
| Office expenses | $24,623 |
| Information technology | $2,602 |
| Royalties | $0 |
| Occupancy | $136,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,766 |
| Insurance | $140,815 |
| All other expenses | $43,621 |
| Total functional expenses | $3,513,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,623 |
| 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 | $62,007 |
| Net Land, buildings, and equipment | $3,735,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,927,827 |
| Total assets | $10,033,089 |
| Accounts payable and accrued expenses | $287,716 |
| Grants payable | $0 |
| Deferred revenue | $32,645 |
| 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 | $10,000 |
| Other liabilities | $691,652 |
| Total liabilities | $1,022,013 |
| Net assets without donor restrictions | $3,160,718 |
| Net assets with donor restrictions | $5,850,358 |
| 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 | $10,033,089 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Danish Old Peoples Home Society has recieved totaling $19,786.
| Awarding Organization | Amount |
|---|---|
Peter Hansen Trust Uw 01-34419 Po Box Chicago, IL PURPOSE: GENERAL SUPPORT | $19,562 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Central Baptist Home For The Aged Norridge, IL | $67,571,437 | $21,182,649 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Good Samaritan Home Of Quincy Quincy, IL | $32,676,656 | $19,097,575 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
Covenant Home Illinois Northbrook, IL | $166,475,205 | $19,986,763 |
Meridian Village Association St Louis, MO | $41,915,755 | $18,412,695 |
Swiss Village Inc Berne, IN | $36,821,357 | $17,319,920 |