Jennings Terrace
- Assets
- $3.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 129
- Location
- Aurora, IL
- Founding
- 06/1951
- Data as of
- 06/2022
- EIN
- 36-2229578
Organization Overview
Jennings Terrace is located in Aurora, IL. The organization was established in 1951. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Jennings Terrace employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jennings Terrace 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 06/2022, Jennings Terrace generated $4.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SKILLED, INTERMEDIATE AND SHELTERED CARE SERVICES TO SENIOR CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LONG-TERM CARE (SKILLED, INTERMEDIATE AND SHELTERED) TO SENIOR CITIZENS IN A RESIDENTIAL SETTING. PROVIDED OVER 47,000 DAYS OF PATIENT CARE DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duanne Kleckner President | OfficerTrustee | 2 | $0 |
Jonathan Bieritz Vice President | OfficerTrustee | 2 | $0 |
Lynn Akers Trustee | Trustee | 2 | $0 |
James Brown Secretary | OfficerTrustee | 2 | $0 |
Steve Meves Treasurer | OfficerTrustee | 2 | $0 |
Marilyn Weisner Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $262,761 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,630 |
| Total Program Service Revenue | $4,464,124 |
| Investment income | $41,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,926,430 |
| 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 | $2,704,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $279,153 |
| Payroll taxes | $241,803 |
| Fees for services: Management | $214,319 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,685 |
| Fees for services: Other | $100,129 |
| Advertising and promotion | $7,448 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,315 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,705 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,330 |
| Insurance | $237,359 |
| All other expenses | $7,520 |
| Total functional expenses | $5,536,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,331 |
| 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 | $105,919 |
| Net Land, buildings, and equipment | $1,894,034 |
| Investments—publicly traded securities | $1,180,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,774 |
| Total assets | $3,609,097 |
| Accounts payable and accrued expenses | $604,945 |
| 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 | $230,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $834,945 |
| Net assets without donor restrictions | $2,622,260 |
| Net assets with donor restrictions | $151,892 |
| 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 | $3,609,097 |