Presbyterian Homes
- Assets
- $460.4m
- Revenue
- $88.9m
- Investments
- $0.0
- Employees
- 871
- Location
- Skokie, IL
- Founding
- 12/2014
- Data as of
- 03/2022
- EIN
- 47-1545753
Organization Overview
Presbyterian Homes is located in Skokie, IL. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 03/2022, Presbyterian Homes employed 871 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Homes 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, Presbyterian Homes generated $88.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $86.4m during the year ending 03/2022. While expenses have increased by 22.2% 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
PRESBYTERIAN HOMES, A FAITH BASED NOT FOR PROFIT, CREATES VIBRANT COMMUNITIES FOR OLDER ADULTS THAT INSPIRE WELLNESS, INDEPENDENCE, JOY, AND SECURITY - ENRICHING THE LIVES OF RESIDENTS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE FOREST PLACE AND THE MOORINGS OF ARLINGTON HEIGHTS ("THE MOORINGS") ARE NOT-FOR-PROFIT INDEPENDENT LIVING, LIFE PLAN COMMUNITIES (FORMERLY KNOWN AS CONTINUING CARE RETIREMENT COMMUNITIES). INDEPENDENT LIVING FACILITIES AT LAKE FOREST PLACE AND THE MOORINGS CONSIST A TOTAL OF 540 APARTMENTS, VILLAS AND COTTAGES. AVAILABLE RESIDENTIAL SERVICES INCLUDE FLEXIBLE DINING OPTIONS, HOUSEKEEPING AND COMPLETE MAINTENANCE SERVICES, TRANSPORTATION AS WELL AS PLANNED SOCIAL AND EDUCATIONAL ACTIVITIES AND PROGRAMS. TEN TWENTY GROVE IS AN INDEPENDENT LIVING FACILITY CONSISTING OF 47 APARTMENTS. DURING THE FILING YEAR, THE THREE INDEPENDENT LIVING FACILITIES SERVED A TOTAL OF 720 INDEPENDENT LIVING RESIDENTS DURING THE FILING YEAR.
ASSISTED FACILITIES AT LAKE FOREST PLACE AND THE MOORINGS CONSIST OF 144 UNITS. THE PROGRAM PROVIDES CARE TO OLDER ADULTS WHO NEED ASSISTANCE WITH PERSONAL CARE AND DAILY ACTIVITIES. BOTH FACILITIES SERVED A TOTAL OF 206 ASSISTED LIVING RESIDENTS DURING THE FILING YEAR.
LAKE FOREST PLACE AND THE MOORINGS HEALTH CARE CENTERS PROVIDE INTERMEDIATE AND SKILLED NURSING FOR BOTH SHORT AND LONG TERM STAYS. RESPITE, REHABILITATION, AND PROGRAMS TO CARE FOR THOSE WITH ALZHEIMER'S DISEASE AND OTHER COGNITIVE IMPAIRMENTS ARE ALSO AVAILABLE. LAKE FOREST PLACE HEALTH CARE CENTER CONSISTS OF 50 SKILLED, MEDICARE-CERTIFIED NURSING BEDS. THE MOORINGS HEALTH CARE CENTER CONSISTS OF 57 SKILLED, MEDICARE-CERTIFIED NURSING BEDS AND 39 INTERMEDIATE AND MEMORY CARE BEDS. THE TWO HEALTH CARE CENTERS SERVED A TOTAL OF 780 RESIDENTS DURING THE FILING YEAR.
REVENUE IS RELATED TO PROCEEDS FROM INSURANCE CLAIMS AND INCOME FROM OTHER PROGRAM ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Swortzel CEO | Officer | 15 | $768,278 |
Nadim Abi-Antoun COO | Officer | 24.5 | $470,693 |
Mark Havrilka CFO | Officer | 24.5 | $437,243 |
Robert Werdan Vp, Marketing & Public Relations | 25.5 | $346,968 | |
Miriam Wallace Vp, Human Resources | Officer | 24.5 | $260,186 |
Nancy Tolan Vp, Facility Management | Officer | 20.5 | $259,746 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenleaf Cabinets Inc Contractor | 3/30/22 | $4,856,936 |
Unidine Corporation Dining / Food Services | 3/30/22 | $4,544,961 |
S&s Custom Cabinetry Contractor | 3/30/22 | $3,286,794 |
Healthpro Heritage Therapy Management And Consulting Servic | 3/30/22 | $2,605,698 |
All American Exterior Solutions Roofing And Siding Contractor | 3/30/22 | $1,940,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,735,053 |
| Government grants | $59,553 |
| 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 | $1,794,606 |
| Total Program Service Revenue | $78,928,719 |
| Investment income | $2,954,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,177 |
| Net Gain/Loss on Asset Sales | $1,114,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,448 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,918,255 |
| 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. | $3,674,790 |
| Compensation of current officers, directors, key employees. | $3,674,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,551,801 |
| Pension plan accruals and contributions | $1,033,882 |
| Other employee benefits | $3,721,057 |
| Payroll taxes | $1,879,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $478,541 |
| Fees for services: Accounting | $197,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $137,080 |
| Fees for services: Other | $8,294,389 |
| Advertising and promotion | $1,521,726 |
| Office expenses | $244,969 |
| Information technology | $1,045,301 |
| Royalties | $0 |
| Occupancy | $387,196 |
| Travel | $5,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,559,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,393,911 |
| Insurance | $1,268,160 |
| All other expenses | $2,131,365 |
| Total functional expenses | $86,410,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,259,255 |
| Savings and temporary cash investments | $11,882,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,494,231 |
| 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 | $1,817,780 |
| Net Land, buildings, and equipment | $277,063,232 |
| Investments—publicly traded securities | $132,958,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,885,351 |
| Total assets | $460,360,428 |
| Accounts payable and accrued expenses | $17,668,356 |
| Grants payable | $0 |
| Deferred revenue | $89,672,117 |
| Tax-exempt bond liabilities | $140,003,664 |
| 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 | $105,853,498 |
| Total liabilities | $353,197,635 |
| Net assets without donor restrictions | $107,162,793 |
| 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 | $460,360,428 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Presbyterian Homes has recieved totaling $1,736,808.
| Awarding Organization | Amount |
|---|---|
Geneva Foundation Of Presbyterian Homes Skokie, IL PURPOSE: THE FELLOWSHIP FUND ENSURES NO RESIDENT WILL BE ASKED TO LEAVE THE COMMUNITY DUE TO INABILITY TO PAY. THE RESIDENTS RECEIVE MEDICAL AND SUPPORTIVE SERVICES TO MAINTAIN THEIR SECURITY, HEALTH, DIGNITY, AND SELF-ESTEEM. | $996,517 |
Geneva Foundation Of Presbyterian Homes Skokie, IL PURPOSE: OTHER GRANTS ARE PROVIDED TO PRESBYTERIAN HOMES FOR SPECIAL PROJECTS AND PROGRAMS ON AS NEEDED BASIS. | $712,073 |
Geneva Foundation Of Presbyterian Homes Skokie, IL PURPOSE: THE CAPITAL AND BUILDING FUND PROVIDES PRESBYTERIAN HOMES WITH CAPITAL GRANTS TO SUPPORT CAPITAL IMPROVEMENTS AND ADDITIONS THAT SECURE THE SAFETY, CONVENIENCE AND COMFORT OF RESIDENTS AT THE COMMUNITY. | $26,463 |
Virginia Little Charitable Trust Pobox Chic, IL PURPOSE: GENERAL | $1,711 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illinois Network Of Child Care Resource And Referral Agencies Bloomington, IL | $6,781,928 | $519,478,049 |
Midwest Food Bank Nfp Inc Normal, IL | $66,677,904 | $449,997,097 |
Presbyterian Homes Skokie, IL | $460,360,428 | $88,918,255 |
Corporate America Family Credit Elgin, IL | $809,180,688 | $33,061,096 |
Renaissance Social Services Inc Chicago, IL | $2,138,317 | $6,632,596 |
National Council Of The United States Society Of St Vincent De Pa Maryland Heights, MO | $13,687,159 | $9,469,574 |
Hamdard Center For Health And Human Services Nfp Addison, IL | $4,418,541 | $7,412,868 |
Community Memorial Foundation Hinsdale, IL | $100,177,205 | $2,649,104 |
Korean-American Senior Center Inc Chicago, IL | $3,306,753 | $5,703,474 |
Make-A-Wish Foundation Of Missouri And Kansas Ballwin, MO | $7,006,477 | $5,966,300 |
Nurses For Newborns Maplewood, MO | $4,515,132 | $4,457,590 |
On My Own Inc Nevada, MO | $3,816,358 | $3,622,772 |