Unlimited Development Inc
- Assets
- $68.9m
- Revenue
- $111.0m
- Investments
- $0.0
- Employees
- 2,615
- Location
- Galesburg, IL
- Founding
- 12/1996
- Data as of
- 09/2020
- EIN
- 36-4094409
Organization Overview
Unlimited Development Inc is located in Galesburg, IL. The organization was established in 1996. 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 09/2021, Unlimited Development Inc employed 2,615 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unlimited Development Inc 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 09/2020, Unlimited Development Inc generated $111.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $100.3m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
UDI PROVIDES & OPERATES NURSING AND ASSISTED LIVING FACILITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES RELATE TO PROVIDING AND OPERATING SKILLED NURSING FACILITIES, ASSISTED, SEMI-INDEPENDENT AND SUPPORTIVE LIVING FACILITIES AND OTHER RELATED HEALTH CARE SERVICES TO THE ELDERLY. THE ORGANIZATION OPERATES 23 FACILITIES WITH A COMBINED TOTAL OF 1,741 BEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tenia Calhoon Administrator | 40 | $126,494 | |
Tracy Owens Administrator | 40 | $119,376 | |
Dana Bainter Administrator | 40 | $111,136 | |
Laura Dianne Spiller Administrator | 40 | $105,523 | |
Billye Titus Administrator | 40 | $103,166 | |
Robert H Wagner President | OfficerTrustee | 1 | $1,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Therapy Services | 9/29/21 | $3,552,575 |
Select Rehabilitation Therapy Services | 9/29/21 | $2,475,475 |
Rfms Inc Administrative Services | 9/29/21 | $2,079,600 |
Ltc Support Services Llc Support Services | 9/29/21 | $1,809,861 |
Consonus Rehab Therapy Services | 9/29/21 | $1,401,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,739,997 |
| Investment income | $456,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,748 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,044,869 |
| Statement of Expenses | |
|---|---|
| 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. | $13,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,326,090 |
| Pension plan accruals and contributions | $166,417 |
| Other employee benefits | $2,697,763 |
| Payroll taxes | $3,326,335 |
| Fees for services: Management | $3,915,429 |
| Fees for services: Legal | $111,718 |
| Fees for services: Accounting | $292,679 |
| Fees for services: Lobbying | $26,271 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,388 |
| Fees for services: Other | $10,593,552 |
| Advertising and promotion | $779,008 |
| Office expenses | $459,860 |
| Information technology | $346,451 |
| Royalties | $0 |
| Occupancy | $14,999,252 |
| Travel | $137,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,183 |
| Interest | $1,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,841,219 |
| Insurance | $1,215,360 |
| All other expenses | $0 |
| Total functional expenses | $100,291,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,008,319 |
| Savings and temporary cash investments | $23,748,835 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,979,934 |
| 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 | $1,545,550 |
| Investments—publicly traded securities | $12,500,237 |
| Investments—other securities | $0 |
| Investments—program-related | $610,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,946,377 |
| Accounts payable and accrued expenses | $9,114,480 |
| Grants payable | $0 |
| Deferred revenue | $1,073,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,939,156 |
| Total liabilities | $21,126,636 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $47,819,741 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Unlimited Development Inc has recieved totaling $172,158.
| Awarding Organization | Amount |
|---|---|
Community Living Options Inc Galesburg, IL PURPOSE: TO SUPPORT EXEMPT PURPOSE FACILITY OPERATIONS | $172,158 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unlimited Development Inc Galesburg, IL | $68,946,377 | $111,044,869 |
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |
Moosehaven Inc Mooseheart, IL | $55,843,533 | $19,375,610 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |