Residential Alternatives Of Illinois Inc
- Assets
- $80.0m
- Revenue
- $73.9m
- Investments
- $0.0
- Employees
- 1,965
- Location
- Galesburg, IL
- Founding
- 12/1989
- Data as of
- 03/2022
- EIN
- 37-1223846
Organization Overview
Residential Alternatives Of Illinois Inc is located in Galesburg, IL. The organization was established in 1989. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 03/2022, Residential Alternatives Of Illinois Inc employed 1,965 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residential Alternatives Of Illinois 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, Residential Alternatives Of Illinois Inc generated $73.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $78.3m during the year ending 03/2022. 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
RAI 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, HEALTH CARE, ASSISTED AND SEMI-INDEPENDENT LIVING FACILITIES, AND OTHER RELATED SERVICES TO THE ELDERLY. THE ORGANIZATION OPERATES 22 FACILITIES WITH A COMBINED TOTAL OF 1,572 BEDS WITHIN THESE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Cremeens Administrator | 40 | $133,504 | |
Maria Lasswell Nurse | 40 | $123,216 | |
Andres Bardelas Administrator | 40 | $121,297 | |
Peggy Holt Nurse | 40 | $111,806 | |
Bekime Feezor-Branch Nurse | 40 | $102,373 | |
Ben Mcmahan Vice President/director | OfficerTrustee | 1 | $4,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Therapy Services | 3/30/22 | $2,666,173 |
Consonus Rehab Therapy Services | 3/30/22 | $1,682,097 |
Rfms Inc Administrative Services | 3/30/22 | $1,546,800 |
Grapetree Medical Staffing Llc Temp Service | 3/30/22 | $673,225 |
Ltc Support Services Llc Support Services | 3/30/22 | $1,046,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,559,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,615,278 |
| Total Program Service Revenue | $70,982,512 |
| Investment income | $176,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $151,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,925,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $18,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,020,945 |
| Pension plan accruals and contributions | $116,071 |
| Other employee benefits | $1,654,175 |
| Payroll taxes | $2,321,280 |
| Fees for services: Management | $2,618,969 |
| Fees for services: Legal | $131,971 |
| Fees for services: Accounting | $321,436 |
| Fees for services: Lobbying | $20,381 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,175 |
| Fees for services: Other | $5,865,433 |
| Advertising and promotion | $919,357 |
| Office expenses | $404,215 |
| Information technology | $292,385 |
| Royalties | $0 |
| Occupancy | $14,008,418 |
| Travel | $147,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,647 |
| Interest | $1,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,396,923 |
| Insurance | $1,458,498 |
| All other expenses | $356,887 |
| Total functional expenses | $78,275,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,420,901 |
| Savings and temporary cash investments | $4,662,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,070,482 |
| 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 | $205,058 |
| Net Land, buildings, and equipment | $58,261,871 |
| Investments—publicly traded securities | $7,337,044 |
| Investments—other securities | $0 |
| Investments—program-related | $10,000 |
| Intangible assets | $0 |
| Other assets | $39,000 |
| Total assets | $80,007,237 |
| Accounts payable and accrued expenses | $10,058,502 |
| Grants payable | $0 |
| Deferred revenue | $1,216,000 |
| 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 | $31,114,171 |
| Total liabilities | $42,388,673 |
| Net assets without donor restrictions | $37,618,564 |
| 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 | $80,007,237 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Residential Alternatives Of Illinois Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Donald E Fike Family Foundation Galesburg, IL PURPOSE: SCHOLARSHIP FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Residential Alternatives Of Illinois Inc Galesburg, IL | $80,007,237 | $73,925,677 |
Systems Unlimited Inc Iowa City, IA | $26,572,846 | $44,162,374 |
Maryville Academy Des Plaines, IL | $107,135,163 | $38,590,774 |
Marklund Childrens Home Geneva, IL | $37,575,668 | $32,772,830 |
Childrens Home Association Of Illinois Peoria, IL | $56,270,860 | $27,496,004 |
Emmaus Homes Inc St Charles, MO | $38,561,803 | $32,833,294 |
Beverly Farm Foundation Godfrey, IL | $38,503,233 | $44,775,588 |
Clarity Care Inc Oshkosh, WI | $16,870,037 | $25,583,132 |
Sunny Hill Inc Fenton, MO | $11,297,687 | $21,265,686 |
Ramey-Estep Homes Inc Rush, KY | $15,258,585 | $16,553,810 |
Discovery Living Inc Cedar Rapids, IA | $11,709,298 | $15,165,116 |
Lad Lake Inc Dousman, WI | $18,305,797 | $13,126,553 |