Lodge Of Northbrook Inc
- Assets
- $57.1m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 11/2012
- Data as of
- 07/2023
- EIN
- 45-3071154
Organization Overview
Lodge Of Northbrook Inc is located in Omaha, NE. The organization was established in 2012. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lodge Of Northbrook 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 07/2023, Lodge Of Northbrook Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $8.3m during the year ending 07/2023. While expenses have increased by 11.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND OPERATE A RETIREMENT CENTER TO MEET THE HOUSING, HEALTH CARE, AND FINANCIAL NEEDS OF THE AGED POPULATION IN THE NORTHBROOK, IL GEOGRAPHIC AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND OPERATE A RETIREMENT CENTER TO MEET THE HOUSING, HEALTH CARE, AND FINANCIAL NEEDS OF THE AGED POPULATION IN THE NORTHBROOK, IL GEOGRAPHIC AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Bell President | OfficerTrustee | 1 | $0 |
Phyllis Buonopane Director | Trustee | 1 | $0 |
Allen Weiner Vice President | OfficerTrustee | 1 | $0 |
Paul Mglick Secretary | OfficerTrustee | 1 | $0 |
Ed Horwitz Treasurer | OfficerTrustee | 1 | $0 |
Barry Mendel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gerontological Services Lls Mgmt Fee/leased Employees | 7/30/23 | $1,290,120 |
Essex Corporation Mgmt Fee/leased Employees | 7/30/23 | $645,918 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,930,617 |
| Investment income | $164,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,148,969 |
| 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. | $145,784 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $335,037 |
| Fees for services: Legal | $14,133 |
| Fees for services: Accounting | $14,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,641 |
| Advertising and promotion | $140,059 |
| Office expenses | $68,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,502,188 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,039,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,428,232 |
| Insurance | $264,820 |
| All other expenses | $21,391 |
| Total functional expenses | $8,286,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $886,923 |
| Savings and temporary cash investments | $6,183,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $711,699 |
| 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 | $195,337 |
| Net Land, buildings, and equipment | $43,562,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,608,114 |
| Total assets | $57,147,912 |
| Accounts payable and accrued expenses | $2,130,905 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $28,522,843 |
| 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 | $38,080,985 |
| Total liabilities | $68,734,733 |
| Net assets without donor restrictions | -$11,586,821 |
| 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 | $57,147,912 |