Dekalb Area Retirement Center
- Assets
- $47.0m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 299
- Location
- Dekalb, IL
- Founding
- 11/1976
- Data as of
- 06/2023
- EIN
- 36-2875303
Organization Overview
Dekalb Area Retirement Center is located in Dekalb, IL. The organization was established in 1976. 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, Dekalb Area Retirement Center employed 299 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dekalb Area 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 06/2023, Dekalb Area Retirement Center generated $16.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $17.2m during the year ending 06/2023. While expenses have increased by 4.8% 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
A FAITH BASED NOT-FOR-PROFIT COMMUNITY SERVING PEOPLE 62 YEARS AND OLDER THROUGH A CONTINUUM OF SERVICES ENHANCING AN INDIVIDUAL'S QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR LIVING FOR INDEPENDENT, ASSISTED LIVING AND NURSING HOME RESIDENTS
CHARITABLE CARE FOR RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Larson Trustee | Trustee | 1 | $0 |
Jack Goodrich Trustee | Trustee | 1 | $0 |
David Vanburen Trustee | Trustee | 1 | $0 |
Rev Jonathan Crail Trustee | Trustee | 1 | $0 |
Rev Brian Gilbert Trustee | Trustee | 1 | $0 |
Roger Maas Trustee | 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 | $228,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,545 |
| Total Program Service Revenue | $15,947,424 |
| Investment income | $142,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $205,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,776,329 |
| 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 | $8,192,252 |
| Pension plan accruals and contributions | $224,562 |
| Other employee benefits | $789,485 |
| Payroll taxes | $626,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $103,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,839 |
| Office expenses | $14,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,559,903 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,620 |
| Interest | $109,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,263,458 |
| Insurance | $285,842 |
| All other expenses | $333,088 |
| Total functional expenses | $17,221,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,942,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,928 |
| Prepaid expenses and deferred charges | $279,860 |
| Net Land, buildings, and equipment | $37,179,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,312,491 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,018,459 |
| Accounts payable and accrued expenses | $2,586,981 |
| Grants payable | $0 |
| Deferred revenue | $8,079,000 |
| 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 | $3,619,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,094,800 |
| Total liabilities | $16,380,616 |
| Net assets without donor restrictions | $29,993,745 |
| Net assets with donor restrictions | $644,098 |
| 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 | $47,018,459 |