Life Services Network Of Illinois
- Assets
- $5.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Lisle, IL
- Founding
- 07/1987
- Data as of
- 12/2023
- EIN
- 36-3512871
Organization Overview
Life Services Network Of Illinois is located in Lisle, IL. The organization was established in 1987. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Life Services Network Of Illinois employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Services Network Of Illinois is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Life Services Network Of Illinois generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. 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
LEADINGAGE ILLINOIS' MISSION IS TO ADVANCE EXCELLENCE AND INNOVATION IN ADULT LIFE SERVICES. COMMITTED TO ADVANCING EXCELLENCE, WE ADVOCATE FOR QUALITY SERVICES, PROMOTE INNOVATIVE PRACTICES, AND FOSTER COLLABORATION. WE SERVE THE FULL SPECTRUM OF PROVIDERS INCLUDING HOME AND COMMUNITY BASED SERVICES (HCBS), SENIOR HOUSING, LIFE PLAN COMMUNITIES (LPC)/CONTINUING CARE RETIREMENT COMMUNITIES (CCRC), ASSISTED LIVING, SUPPORTIVE LIVING, ANDSKILLED NURSING/REHABILITATION CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS: LEADINGAGE ILLINOIS PROVIDES ADVOCACY AND REGULATORY TECHNICAL SUPPORT TO MEMBERS, INCLUDING STATE AND FEDERAL ADVOCACY REPRESENTATION. ACTIVITIES INCLUDE EDUCATION AND UPDATES TO MEMBERS ON THE IMPACT OF RECENT AND ANTICIPATED LEGISLATION, REGULATORY CHANGES AFFECTING SERVICE PROVIDERS AND RESIDENTS. LEADINGAGE ILLINOIS ALSO EDUCATES AND ALERTS LEGISLATORS ON ISSUES AND INTERESTS OF THE SENIOR CARE INDUSTRY, INCLUDING COORDINATING LEGISLATOR VISITS AND PROVIDING QUANTITATIVE SUPPORT OF LEGISLATIVE CHALLENGES. IN 2023, LEADINGAGE ILLINOIS PASSED LEGISLATION TO CREATE A CONTINUING CARE AT HOME PROGRAM, REMOVED LANGUAGE FROM THE ASSISTED LIVING AND SHARED HOUSING ACT PROHIBITING A PERSON FROM BEING ACCEPTED FOR RESIDENCY TO AN ASSISTED LIVING ESTABLISHMENT IF THE PERSON REQUIRES SLIDING SCALE INSULIN, SECURED A RATE INCREASE FOR ADULT DAY SERVICES, PASSED LEGISLATION TO REQUIRE THE GOVERNOR TO ESTABLISH AN ASSISTED LIVING AND SHARED HOUSING ADVISORY BOARD TO INCLUDE REPRESENTATIVES, ADVOCATES, AND OTHER STAKEHOLDERS TO DISCUSS ASSISTED LIVING ISSUES AND RULES, DEFEATED PROPOSED REVISIONS TO THE ASSISTED LIVING AND SHARED HOUSING ESTABLISHMENT CODE THAT WOULD HAVE TRIPLED LICENSURE FEES AND ENDED PROVIDERS' OPPORTUNITY FOR STATEMENTS OF DISPUTE, DEFEATED LEGISLATION THAT WOULD CHANGE ENTRANCE FEE CONTRACTS THAT WOULD PUT AN ARBITRARY TIMELINE ON ENTRANCE FEE REFUNDS FOR LIFE PLAN COMMUNITIES, AND DEVELOPED THE NEW LEGISLATIVE VISIT TOOLKIT WHICH PROVIDES MEMBERS WITH THE TOOLS AND RESOURCES NEEDED TO SET UP AND CONDUCT A SUCCESSFUL SITE VISIT WITH YOUR ELECTED REPRESENTATIVES.
EDUCATIONAL: LEADINGAGE ILLINOIS IS COMMITTED TO PROVIDING ITS MEMBERS WITH THE BEST LEARNING OPPORTUNITIES FOR THE MOST EFFECTIVE COSTS. WITH ITS COUNTLESS EDUCATIONAL SESSIONS, CONFERENCES, SEMINARS, AND WORKSHOPS, LEADINGAGE IL WORKS TO ADVANCE ITS MEMBERS' UNDERSTANDING OF THE MOST IMPORTANT ISSUES IN THE ADULT CARE INDUSTRY. IN 2023, LEADINGAGE ILLINOIS CONNECTED OVER 1,000 ATTENDEES AT THE ANNUAL MEETING AND EXPO FOCUSING ON STRATEGIES FOR THRIVING IN THE RAPIDLY CHANGING SENIOR LIVING AND SERVICES ENVIRONMENT, DELIVERED 25 PROGRAMS IN PERSON AND/OR ONLINE, 11 OF WHICH WERE OFFERED AT NO CHARGE TO MEMBERS, OFFERED A TOTAL OF 90 CONTINUING EDUCATION HOURS TO DATE, HOSTED A RECORD-BREAKING ASSISTED LIVING BOOTCAMP IN TWO LOCATIONS WITH OVER 160 ATTENDEES, AND HOSTED A LEGAL WEBINAR SERIES WITH SIX DIFFERENT TOPICS AND PRESENTERS REPRESENTING THREE DIFFERENT LAW FIRMS.
MEMBERSHIP SERVICES: LEADINGAGE ILLINOIS IS A STATEWIDE ASSOCIATION DEDICATED TO REPRESENTING THE LEADING PROVIDERS OF THE COMPLETE CONTINUUM OF SERVICES FOR OLDER ADULTS, INCLUDING NURSING CARE, ASSISTED AND SUPPORTIVE LIVING, SENIOR HOUSING AND HOME AND COMMUNITY BASED SERVICES. LEADINGAGE ILLINOIS IS HIGHLY COMMITTED TO THE ADVANCEMENT OF QUALITY AND INNOVATION IN OLDER ADULT SERVICES.IN 2023, LEADINGAGE ILLINOIS LAUNCHED A NEW MEMBER DATABASE, MEMBER CLICKS, ALLOWING MEMBERS TO ACCESS AND UPDATE THEIR MEMBER RECORDS, DEVELOPED THE WORKFORCE SOLUTIONS TOOLKIT LOADED WITH RESOURCES AND TOOLS TO HELP MEMBERS WITH HIRING, ONBOARDING, RETENTION NEEDS AND MORE, CREATED AN ONLINE ARCHIVE OF EMERGING LEADERS PROFESSIONAL DEVELOPMENT SESSIONS AIMED AT PROVIDING SELF-GUIDED SKILLS DEVELOPMENT OPPORTUNITIES, PRODUCED ELECTRONIC RENEWAL COMMUNICATIONS TO MAKE MEMBER RENEWAL HALLS FREE, AND OFFERED 800+ JOB LISTINGS ON THE LEADINGAGE ILLINOIS JOB BOARD. THROUGH THE PARTNERSHIP WITH VALUE FIRST, MEMBERS SAVED ROUGHLY $355,000 ON NEW FOOD ACCOUNTS, APPROXIMATELY $40,000 ON MEDICAL, AND $45,000 WITH OTHER VENDOR PARTNERS, PARTNERS WITH VALUE FIRST VENDORS TO SHARE INSIGHTS ON HELPING MEMBERS WITH SAVINGS SOLUTIONS THROUGH PRESENTATIONS AT THE ANNUAL MEETING AND EXPO, WORKSHOPS, WEBINARS, AND INDIVIDUAL SITE VISITS, AND DELIVERED TO VALUE FIRST ILLINOIS MEMBERS' SITES PROVIDING AN AVERAGE OF 12% SAVINGS ACROSS ALL CATEGORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadim Abi-Antoun Chair-Elect | OfficerTrustee | 1 | $0 |
Michael Mutterer Immed Past Chair | OfficerTrustee | 1 | $0 |
Colleen Bottens Member | Trustee | 1 | $0 |
John Larson Treasurer | OfficerTrustee | 1 | $0 |
Nadia Geigler Secretary | OfficerTrustee | 1 | $0 |
Carla Brown Member | 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 | $144,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,204 |
| Total Program Service Revenue | $2,059,640 |
| Investment income | $89,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,518,353 |
| 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. | $389,440 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $682,518 |
| Pension plan accruals and contributions | $7,468 |
| Other employee benefits | $65,223 |
| Payroll taxes | $72,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $94,150 |
| Fees for services: Lobbying | $61,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,846 |
| Advertising and promotion | $3,966 |
| Office expenses | $81,230 |
| Information technology | $122,152 |
| Royalties | $0 |
| Occupancy | $85,606 |
| Travel | $42,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $458,562 |
| Interest | $1,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,980 |
| Insurance | $16,335 |
| All other expenses | $2,867 |
| Total functional expenses | $2,373,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,765,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,895 |
| 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 | $55,652 |
| Net Land, buildings, and equipment | $22,769 |
| Investments—publicly traded securities | $2,873,643 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343,280 |
| Total assets | $5,141,716 |
| Accounts payable and accrued expenses | $210,683 |
| Grants payable | $0 |
| Deferred revenue | $315,593 |
| 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 | $384,130 |
| Total liabilities | $910,406 |
| Net assets without donor restrictions | $4,231,310 |
| 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 | $5,141,716 |