Clark-Lindsey Village Inc
- Assets
- $10.2m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 260
- Location
- Urbana, IL
- Founding
- 09/1977
- Data as of
- 12/2022
- EIN
- 37-1017284
Organization Overview
Clark-Lindsey Village Inc is located in Urbana, IL. The organization was established in 1977. 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 12/2022, Clark-Lindsey Village Inc employed 260 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark-Lindsey Village 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 12/2022, Clark-Lindsey Village Inc generated $20.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $21.5m during the year ending 12/2022. While expenses have increased by 4.9% 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 PROVIDE HOUSING AND HEALTHCARE FACILITIES/SERVICES FOR ELDERLY PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OF CLARK-LINDSEYS BUILDINGS ARE LOCATED ON A SINGLE SITE COMPRISED OF 27 ACRES ADJACENT TO MEADOWBROOK PARK AND THE UNIVERSITY OF ILLINOIS. INDEPENDENT LIVING OPTIONS FOR PEOPLE AGE 62 AND OVER INCLUDE 131 APARTMENTS AND 24 VILLA UNITS. RESIDENTS CAN PURCHASE A LIFE PLAN RESIDENCY CONTRACT, WHICH GUARANTEES THEM RESIDENCY IN THE APARTMENTS OR VILLAS AND ACCESS TO THE HEALTH CENTER FOR LIFE. ASSISTED LIVING CONSISTS OF 12 LICENSED BEDS IN A GREEN HOUSE HOME. THE 12 ROOM HOME PROVIDES FOR CARE IN A SMALLER HOME LIKE SETTING. PROFESSIONAL NURSING STAFF IS ON DUTY 24 HOURS A DAY. SKILLED CARE CONSISTS OF 105 LICENSED BEDS. 12 BEDS ARE IN A SECOND GREEN HOUSE HOME. 93 BEDS ARE IN MEADOWBROOK HEALTH CENTER. 38 BEDS ARE MEDICARE CERTIFIED. PROFESSIONAL NURSING STAFF IS ON DUTY 24 HOURS A DAY. IN ADDITION TO RESIDENCY AND IN-PATIENT SERVICES, CLARK-LINDSEY PROVIDES OUTPATIENT THERAPY INCLUDING PHYSICAL, OCCUPATIONAL AND SPEECH.
THE MISSION OF CLARK-LINDSEY IS TO OFFER SENIOR ADULTS EXCEPTIONAL SERVICES AND LIVING ENVIRONMENTS DESIGNED TO ENGAGE THE MIND, SPIRIT, AND BODY IN WELLNESS AND COMMUNITY. THE MISSION IS FURTHERED AND SUSTAINED THROUGH YEARS OF CHARITABLE GIVING. GENEROUS DONORS HAVE PROVIDED FOR A FRIENDSHIP FUND TO ASSIST COMMUNITY MEMBERS WHO NO LONGER HAVE THE FINANCIAL RESOURCES TO PROVIDE FOR THEIR HOME AND HEALTH CARE COSTS. CLARK-LINDSEY PROVIDES CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS FRIENDSHIP FUND POLICY WITHOUT CHARGE OR AT REDUCED RATES. KEY ELEMENTS USED TO DETERMINE ELIGIBILITY INCLUDE A RESIDENTS DEMONSTRATED INABILITY TO PAY. CLARK-LINDSEY MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS FRIENDSHIP FUND POLICY, THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES, AND EQUIVALENT SERVICE STATISTICS. DURING THE YEAR ENDED DECEMBER 31, 2022, ONE RESIDENT RECEIVED FINANCIAL ASSISTANCE FROM THE FRIENDSHIP FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Grandone Board Member (term Ended 02/2022) | Trustee | 2 | $0 |
James Green Board Member (term Ended 01/2022) | Trustee | 2 | $0 |
Wade Hampton Chair | OfficerTrustee | 2 | $0 |
Dave Line Treasurer & Assistant Secretary | OfficerTrustee | 2 | $0 |
Wendy Bartlo Board Member | Trustee | 2 | $0 |
Dennis Beard Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Broeren Russo Builders Inc Construction Services | 12/30/22 | $9,875,951 |
Rlps Architects Architectural Services | 12/30/22 | $1,136,068 |
Healthpro Heritage Llc Therapy Services | 12/30/22 | $899,659 |
Varsity Marketing Llc Advertising Services | 12/30/22 | $309,648 |
Plante Moran Living Forward Construction Management Services | 12/30/22 | $261,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,324 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,244 |
| Total Program Service Revenue | $20,294,205 |
| Investment income | $22,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| Net Gain/Loss on Asset Sales | -$27,918 |
| Net Income from Fundraising Events | -$70 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,713 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,464,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,183 |
| Grants and other assistance to domestic individuals. | $4,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $486,912 |
| Compensation of current officers, directors, key employees. | $486,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,928,378 |
| Pension plan accruals and contributions | $125,854 |
| Other employee benefits | $815,295 |
| Payroll taxes | $732,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,962 |
| Fees for services: Accounting | $50,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,411 |
| Fees for services: Other | $1,480,087 |
| Advertising and promotion | $14,830 |
| Office expenses | $878,639 |
| Information technology | $490,909 |
| Royalties | $0 |
| Occupancy | $1,694,001 |
| Travel | $47,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,126 |
| Interest | $599,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,519,934 |
| Insurance | $251,466 |
| All other expenses | $700,232 |
| Total functional expenses | $21,547,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,658,826 |
| Savings and temporary cash investments | $3,196,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $815,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,800 |
| Prepaid expenses and deferred charges | $211,924 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $303,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,211,362 |
| Accounts payable and accrued expenses | $1,201,257 |
| Grants payable | $0 |
| Deferred revenue | $26,137,220 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $21,165 |
| 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 | $1,458,591 |
| Total liabilities | $28,818,233 |
| Net assets without donor restrictions | -$18,606,871 |
| 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 | $10,211,362 |