Northwest Home For The Aged
- Assets
- $118.5m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 34
- Location
- Chicago, IL
- Founding
- 04/1950
- Data as of
- 12/2021
- EIN
- 36-2216170
Organization Overview
Northwest Home For The Aged, operating under the name Park Plaza Retirement Center, is located in Chicago, IL. The organization was established in 1950. 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 12/2021, Park Plaza Retirement Center employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Plaza Retirement Center 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 12/2021, Park Plaza Retirement Center generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $11.4m during the year ending 12/2021. 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 INDEPENDENT LIVING FOR THE ELDERLY IN THE CHICAGOLAND AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A 196-UNIT APARTMENT COMPLEX FOR RETIRED INDIVIDUALS KNOWN AS PARK PLAZA RETIREMENT CENTER.
TO SUPPORT EDUCATIONAL INITIATIVES IN THE LOCAL JEWISH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elly Bauman Executive Director | Officer | 40 | $121,275 |
Alan Caplan President | OfficerTrustee | 1 | $0 |
Sanford Bokor Vice President | OfficerTrustee | 1 | $0 |
Marvin Katz Secretary | OfficerTrustee | 1 | $0 |
David Rubin Treasurer | OfficerTrustee | 1 | $0 |
Ralph Brooks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,749 |
| Total Program Service Revenue | $2,651,500 |
| Investment income | $2,591,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,529,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,962,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,100,336 |
| 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. | $121,275 |
| Compensation of current officers, directors, key employees. | $25,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $865,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,847 |
| Payroll taxes | $79,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $491,005 |
| Fees for services: Other | $20,498 |
| Advertising and promotion | $26,634 |
| Office expenses | $29,452 |
| Information technology | $30,161 |
| Royalties | $0 |
| Occupancy | $843,625 |
| 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 | $1,421,705 |
| Insurance | $207,762 |
| All other expenses | $0 |
| Total functional expenses | $11,443,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $723 |
| Savings and temporary cash investments | $1,275,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,120 |
| 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 | $12,258 |
| Net Land, buildings, and equipment | $27,636,835 |
| Investments—publicly traded securities | $89,559,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $869 |
| Total assets | $118,493,742 |
| Accounts payable and accrued expenses | $225,527 |
| Grants payable | $3,925,958 |
| 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 | $205,109 |
| Total liabilities | $4,356,594 |
| Net assets without donor restrictions | $114,137,148 |
| 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 | $118,493,742 |
Grants Awarded
Over the last fiscal year, Northwest Home For The Aged has awarded $5,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Skokie, IL PURPOSE: SUPPORT OF JEWISH COMMUNITY AND ITS YOUNGER GENERATION | $5,000,000 |
AKIBA-SCHECHTER JEWISH DAY SCHOOL ENDOWMENT FUND PURPOSE: SUPPORT OF JEWISH COMMUNITY AND ITS YOUNGER GENERATION | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Home For The Aged has recieved totaling $1,440.
| Awarding Organization | Amount |
|---|---|
Nathan Sadie & Harriette Warsaw Charitable Trust 2600097500 Chicago, IL PURPOSE: GENERAL | $1,440 |
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 |