Washington And Jane Smith Home
- Assets
- $45.9m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 120
- Location
- Chicago, IL
- Founding
- 10/2000
- Data as of
- 06/2022
- EIN
- 36-4335178
Organization Overview
Washington And Jane Smith Home, operating under the name Smith Senior Living, is located in Chicago, IL. The organization was established in 2000. 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 06/2022, Smith Senior Living employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smith Senior Living 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, Smith Senior Living generated $12.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $9.8m during the year ending 06/2022. While expenses have increased by 2.5% 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
TO ENRICH THE LIVES OF SENIOR ADULTS BY OFFERING THOUGHTFUL INNOVATIONS IN SERVICES FOR A VARIETY OF LIFESTYLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHINGTON AND JANE SMITH HOME PROVIDES PLANNING, FINANCIAL AND ADMINISTRATIVE SERVICES EXCLUSIVELY TO ITS RELATED CONTINUING CARE RETIREMENT COMMUNITY ORGANIZATIONAL AFFILIATES.
WASHINGTON AND JANE SMITH HOME IS THE SOLE MEMBER OF SMITH CARES, LLC, A STAFFING HOLDING COMPANY. SMITH CARES PROVIDES PROFESSIONAL STAFF TO THE AFFILIATED COMPANIES OF WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY AND WASHINGTON AND JANE SMITH COMMUNITY - ORLAND PARK WHEN THE INDIVIDUALS ARE SHARED BETWEEN THE TWO AFFILIATE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcgee Kevin President/ceo | Officer | 37.5 | $211,558 |
Marneris Raymond Treasurer/cfo | Officer | 37.5 | $192,886 |
Schmitt James Chief Information Officer | 37.5 | $159,060 | |
Ramirez Yahaira Director Of Clinical Opera | 37.5 | $125,930 | |
Ema Araiza Controller | 37.5 | $107,855 | |
August Christopher Corporate Environmental & | 37.5 | $106,508 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheila King Public Relations | 6/29/21 | $107,010 |
Clifton Larson Allen Llp Audit, Cost Reports And Tax Filings | 6/29/21 | $103,491 |
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 | $547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547 |
| Total Program Service Revenue | $9,028,404 |
| Investment income | $1,167,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,819,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,016,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $642,169 |
| 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 | $6,304,803 |
| Pension plan accruals and contributions | $159,581 |
| Other employee benefits | $679,957 |
| Payroll taxes | $472,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,574 |
| Fees for services: Other | $260,727 |
| Advertising and promotion | $80,286 |
| Office expenses | $401,099 |
| Information technology | $304,508 |
| Royalties | $0 |
| Occupancy | $136,668 |
| Travel | $14,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,803 |
| Interest | $16,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,025 |
| Insurance | $90,176 |
| All other expenses | $2,073 |
| Total functional expenses | $9,793,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $520,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $412,299 |
| Net Land, buildings, and equipment | $115,850 |
| Investments—publicly traded securities | $42,463,937 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,433,645 |
| Total assets | $45,946,166 |
| Accounts payable and accrued expenses | $933,366 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $111,786 |
| Total liabilities | $1,045,152 |
| Net assets without donor restrictions | $30,166,321 |
| Net assets with donor restrictions | $14,734,693 |
| 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 | $45,946,166 |
Grants Awarded
Over the last fiscal year, Washington And Jane Smith Home has awarded $553,109 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: CHARITABLE CARE ACTIVITIES | $515,801 |
Orland Park, IL PURPOSE: CHARITABLE CARE ACTIVITIES | $37,308 |
Endowment Analysis
| Beg. Balance | $17,636,806 |
| Earnings | -$2,259,944 |
| Grants | $642,169 |
| Ending Balance | $14,734,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Peace Village Palos Park, IL | $24,451,475 | $12,276,916 |
Retirement Research Foundation Chicago, IL | $0 | $4,600,406 |