Lodge Of Northbrook Inc
- Assets
- $63.0m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 11/2012
- Data as of
- 07/2022
- 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 07/2022, Lodge Of Northbrook Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $7.8m during the year ending 07/2022. While expenses have increased by 16.3% 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
2022
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 |
Pat Brown Vice President | OfficerTrustee | 1 | $0 |
Paul Mglick Secretary | OfficerTrustee | 1 | $0 |
Phyllis Buonopane Treasurer | OfficerTrustee | 1 | $0 |
Joseph Lolli Director | Trustee | 1 | $0 |
Ed Horwitz Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Essex Corporation Mkt/propdev/mgt | 7/30/19 | $1,181,756 |
Floors Inc Flooring | 7/30/19 | $312,696 |
Mcshane Constructions Inc Bldg Construct | 7/30/19 | $3,215,323 |
Parcel Ec-2a Land Lease | 7/30/19 | $291,226 |
Sheppard's Business Interiors Furniture | 7/30/19 | $173,327 |
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 | $7,536,939 |
| Investment income | $10,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,547,151 |
| 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. | $0 |
| 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 | $324,329 |
| Fees for services: Legal | $3,825 |
| Fees for services: Accounting | $12,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,887 |
| Advertising and promotion | $85,318 |
| Office expenses | $67,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,921,372 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,218,967 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,802,608 |
| Insurance | $230,641 |
| All other expenses | $25,410 |
| Total functional expenses | $7,801,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $998,689 |
| Savings and temporary cash investments | $6,021,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,165 |
| 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 | $202,866 |
| Net Land, buildings, and equipment | $46,440,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,150,078 |
| Other assets | $100,000 |
| Total assets | $63,030,538 |
| Accounts payable and accrued expenses | $1,007,990 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $29,377,728 |
| 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 | $33,943,987 |
| Total liabilities | $64,329,705 |
| Net assets without donor restrictions | -$1,299,167 |
| 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 | $63,030,538 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Villa St Francis Catholic Care Center Inc Olathe, KS | $17,681,493 | $20,586,104 |
Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |
Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |
Bethany Home Association Of Lindsborg Kansas Lindsborg, KS | $21,461,588 | $11,142,589 |
Lutheran Home For The Aged Association - West Perry, IA | $7,806,772 | $10,872,743 |
Calvin Community Des Moines, IA | $24,509,760 | $11,516,352 |
Friendship Village Charitable Tr Waterloo, IA | $19,713,724 | $8,311,790 |
St Luke Homes & Services Inc Spencer, IA | $9,786,466 | $9,281,620 |