Dekalb Area Retirement Center
- Assets
- $47.2m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 299
- Location
- Dekalb, IL
- Founding
- 11/1976
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Dekalb Area Retirement Center generated $14.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $15.9m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 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
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 |
|---|---|---|---|
Stephen Cichy Executive Director | 40 | $219,430 | |
Carol Larson Trustee | Trustee | 1 | $0 |
Rev Joe Gastiger Trustee | Trustee | 1 | $0 |
Jack Goodrich Trustee | Trustee | 1 | $0 |
Ann Tucker Trustee | Trustee | 1 | $0 |
Wendy West 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 | $275,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,374 |
| Total Program Service Revenue | $15,138,543 |
| Investment income | $143,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $137,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,795,100 |
| 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 | $7,297,496 |
| Pension plan accruals and contributions | $200,166 |
| Other employee benefits | $727,869 |
| Payroll taxes | $558,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,355 |
| Fees for services: Accounting | $40,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,577 |
| Advertising and promotion | $28,479 |
| Office expenses | $13,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,670,577 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,969 |
| Interest | $114,360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,121,628 |
| Insurance | $263,912 |
| All other expenses | $336,432 |
| Total functional expenses | $15,912,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,722,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $438,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,743 |
| Prepaid expenses and deferred charges | $237,863 |
| Net Land, buildings, and equipment | $35,980,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,821,002 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,235,638 |
| Accounts payable and accrued expenses | $2,589,781 |
| Grants payable | $0 |
| Deferred revenue | $7,730,868 |
| 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 | $3,779,326 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,053,129 |
| Total liabilities | $16,153,104 |
| Net assets without donor restrictions | $30,429,640 |
| Net assets with donor restrictions | $652,894 |
| 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 | $47,235,638 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dekalb Area Retirement Center has recieved totaling $125,532.
| Awarding Organization | Amount |
|---|---|
Dekalb County Community Foundation Sycamore, IL PURPOSE: GENERAL SUPPORT | $125,532 |
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 |