Francis House Inc
- Assets
- $146.7m
- Revenue
- $35.2m
- Investments
- $0.0
- Employees
- 445
- Location
- Galesburg, IL
- Founding
- 00/0000
- Data as of
- 03/2022
- EIN
- 37-1087901
Organization Overview
Francis House Inc is located in Galesburg, IL. The organization was established in 0000. 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 03/2022, Francis House Inc employed 445 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Francis House 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 03/2022, Francis House Inc generated $35.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $17.9m during the year ending 03/2022. While expenses have increased by 0.8% 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 & OPERATE LONG-TERM CARE FACILITIES FOR THE DEVELOPMENTALLY DISABLED & THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES RELATE TO PROVIDING AND OPERATING LONG-TERM CARE FACILITIES AND OTHER RELATED SERVICES TO THE DEVELOPMENTALLY DISABLED AND THE ELDERLY. THE ORGANIZATION OPERATES 18 FACILITIES WITH A COMBINED TOTAL OF 270 BEDS WITHIN THESE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Shaw President | OfficerTrustee | 1 | $4,500 |
John Carmody Vice President | OfficerTrustee | 1 | $4,500 |
Kenneth Pyszka Secretary | OfficerTrustee | 1 | $4,500 |
Gordon Monn Director | Trustee | 1 | $4,500 |
Michael Wartman Director | Trustee | 1 | $4,500 |
Ron Wilson Rfms Inc CFO | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rfms Inc Administrative & Construction Services | 3/30/22 | $611,844 |
Rsm Us Llp Accounting | 3/30/22 | $286,235 |
Ltc Support Services Llc Support Services | 3/30/22 | $415,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,127 |
| Total Program Service Revenue | $20,713,745 |
| Investment income | $3,942,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,474,355 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,225,413 |
| 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. | $22,500 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,900,184 |
| Pension plan accruals and contributions | $25,291 |
| Other employee benefits | $623,352 |
| Payroll taxes | $528,538 |
| Fees for services: Management | $1,023,258 |
| Fees for services: Legal | $13,871 |
| Fees for services: Accounting | $126,293 |
| Fees for services: Lobbying | $5,314 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $293,249 |
| Fees for services: Other | $211,678 |
| Advertising and promotion | $138,802 |
| Office expenses | $171,697 |
| Information technology | $20,688 |
| Royalties | $0 |
| Occupancy | $1,225,477 |
| Travel | $163,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,523 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,943,035 |
| Insurance | $43,418 |
| All other expenses | $286,604 |
| Total functional expenses | $17,942,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,698,254 |
| Savings and temporary cash investments | $15,428,462 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,344,034 |
| 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 | $82,278 |
| Net Land, buildings, and equipment | $31,403,898 |
| Investments—publicly traded securities | $46,585,775 |
| Investments—other securities | $0 |
| Investments—program-related | $45,656,895 |
| Intangible assets | $0 |
| Other assets | $2,526,709 |
| Total assets | $146,726,305 |
| Accounts payable and accrued expenses | $1,088,900 |
| Grants payable | $0 |
| Deferred revenue | $63,000 |
| 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 | $10,423,743 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,719,605 |
| Total liabilities | $24,295,248 |
| Net assets without donor restrictions | $122,431,057 |
| 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 | $146,726,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Lutheran Homes Inc Fort Wayne, IN | $58,928,684 | $39,157,951 |
Greencroft Goshen Inc Goshen, IN | $95,333,983 | $41,677,361 |
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Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Baptist Convalescent Center Inc Erlanger, KY | $70,429,855 | $32,396,386 |