Residential Alternatives Of Illinois Inc
- Assets
- $104.7m
- Revenue
- $84.1m
- Investments
- $0.0
- Employees
- 1,987
- Location
- Galesburg, IL
- Founding
- 12/1989
- Data as of
- 03/2023
- 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 03/2023, Residential Alternatives Of Illinois Inc employed 1,987 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 03/2023, Residential Alternatives Of Illinois Inc generated $84.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $91.1m during the year ending 03/2023. While expenses have increased by 2.4% per year over the past 8 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
2023
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 |
|---|---|---|---|
John Kniery President/director Until 5/4/22 | OfficerTrustee | 1 | $1,500 |
Ben Mcmahan President/director | OfficerTrustee | 1 | $4,500 |
Jeffrey Shaw Secretary/director | OfficerTrustee | 1 | $4,500 |
William Kempiners Director | Trustee | 1 | $4,500 |
Ron Wilson Rfms Inc CFO | Officer | 40 | $0 |
Andres Bardelas Administrator | 40 | $121,106 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grapetree Medical Staffing Llc Temp Service | 3/30/23 | $3,390,656 |
Aegis Therapies Therapy Services | 3/30/23 | $2,813,208 |
Consonus Rehab Therapy Services | 3/30/23 | $2,011,446 |
Rfms Inc Administrative Services | 3/30/23 | $1,604,550 |
Esp Personnel Temp Service | 3/30/23 | $1,426,327 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,719,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,732,337 |
| Total Program Service Revenue | $81,651,786 |
| Investment income | $236,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$495,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,125,257 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,494,449 |
| Pension plan accruals and contributions | $142,865 |
| Other employee benefits | $1,833,480 |
| Payroll taxes | $2,673,270 |
| Fees for services: Management | $2,770,562 |
| Fees for services: Legal | $163,206 |
| Fees for services: Accounting | $325,543 |
| Fees for services: Lobbying | $25,606 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,259 |
| Fees for services: Other | $5,434,073 |
| Advertising and promotion | $926,207 |
| Office expenses | $461,811 |
| Information technology | $355,892 |
| Royalties | $0 |
| Occupancy | $14,196,658 |
| Travel | $178,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,980 |
| Interest | $1,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,337,087 |
| Insurance | $2,189,930 |
| All other expenses | $674,178 |
| Total functional expenses | $91,092,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,105,955 |
| Savings and temporary cash investments | $2,097,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,872,192 |
| 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 | $288,274 |
| Net Land, buildings, and equipment | $55,446,509 |
| Investments—publicly traded securities | $6,996,458 |
| Investments—other securities | $0 |
| Investments—program-related | $10,000 |
| Intangible assets | $0 |
| Other assets | $31,865,682 |
| Total assets | $104,682,392 |
| Accounts payable and accrued expenses | $7,743,437 |
| Grants payable | $0 |
| Deferred revenue | $1,482,000 |
| 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 | $64,847,932 |
| Total liabilities | $74,073,369 |
| Net assets without donor restrictions | $30,609,023 |
| 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 | $104,682,392 |