Northwest Memorial Healthcare
- Assets
- $111.8m
- Revenue
- $5.7m
- Investments
- $645.3k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 06/2018
- EIN
- 36-3199111
Organization Overview
Northwest Memorial Healthcare is located in Chicago, IL. The organization was established in 2011. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Northwest Memorial Healthcare 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 06/2018, Northwest Memorial Healthcare generated $5.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
NIMED CORP AIDS IN THE MANAGEMENT OF NORTHERN ILLINOIS MEDICAL CENTER, MEMORIAL MEDICAL CENTER & OTHER ORGANIZATIONS AFFILIATED WITH CENTEGRA HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charie Zanck Director | Trustee | 1 | $0 |
Charles Ruth Director | Trustee | 1 | $0 |
Christian Newkirk Director | Trustee | 1 | $0 |
Mike Luecht Director | Trustee | 1 | $0 |
Paula Dorion-Gray Director | Trustee | 1 | $0 |
Ryan Farrell Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,377,334 |
| Investment income | $33,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $282,146 |
| Net Gain/Loss on Asset Sales | $1,098 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,693,882 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $94,720 |
| Advertising and promotion | $0 |
| Office expenses | $5,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $490,876 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,948,327 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,380,221 |
| Insurance | $0 |
| All other expenses | $48,000 |
| Total functional expenses | $3,967,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,387 |
| 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 | $9,770 |
| Net Land, buildings, and equipment | $76,534,392 |
| Investments—publicly traded securities | $125,137 |
| Investments—other securities | $645,302 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,421,494 |
| Total assets | $111,787,859 |
| Accounts payable and accrued expenses | $2,333,374 |
| Grants payable | $0 |
| Deferred revenue | $14,939,964 |
| Tax-exempt bond liabilities | $47,806,763 |
| 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 | $33,206 |
| Total liabilities | $65,113,307 |
| Unrestricted restricted net Assets | $46,674,552 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $46,674,552 |