Home Centered Care Institute
- Assets
- $2.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Schaumgurg, IL
- Founding
- 11/2014
- Data as of
- 12/2023
- EIN
- 47-2070461
Organization Overview
Home Centered Care Institute is located in Schaumgurg, IL. The organization was established in 2014. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 12/2023, Home Centered Care Institute employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Centered Care Institute 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 12/2023, Home Centered Care Institute generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Home Centered Care Institute has awarded 24 individual grants totaling $2,714,140. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE ACCESS/QUALITY TO PATIENTS/CAREGIVERS, AND TO REDUCE COSTS BY ADVANCING HOME CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL PROGRAMS: LOCAL & STATEWIDE PROGRAMS (IL)HCCI PROVIDES LOCAL AND STATE-WIDE PRACTICE PROVIDERS WITH TRAINING, CURRICULUM AND ANALYTICS TOOLS TO IMPROVE THEIR KNOWLEDGE AND SKILLS IN THE FIELD OF HOME-BASED CARE TO EQUIP THEM TO SERVE MORE OF THE OLDER ADULTS WHO ARE HOMEBOUND, HOME-LIMITED OR LIVING WITH SERIOUS ILLNESS THAT CANNOT CURRENTLY ACCESS HOME-BASED PRIMARY CARE DUE TO WORKFORCE SHORTAGES.
EDUCATION AND TRAINING: HCCI IS AT THE FOREFRONT OF TRAINING PROFESSIONALS IN HOME-BASED PRIMARY CARE, DEVELOPING THE FIRST-EVER EDUCATION CURRICULUM THAT EXPLORES THE FULL SPECTRUM OF HOME-BASED PRIMARY CARE MEDICAL, SOCIAL, AND ECONOMIC. OUR PROGRAM, DESIGNED FOR CLINICIANS, PRACTICE MANAGERS AND OTHER PROFESSIONALS INTERESTED IN HOME-BASED PRIMARY CARE, CONSISTS OF CLASSROOM EDUCATION, MENTORSHIP, HANDS-ON FELLOWSHIP, AND ONLINE LEARNING OPPORTUNITIES.
DATA ANALYTICSRESEARCH: TO SOLIDIFY ITS PLACE AS A UNIQUE MODEL OF CARE, IT IS CRITICAL THAT HOME-BASED PRIMARY CARE (HBPC) BE BUILT ON EVIDENCE-BASED PRACTICES. HCCI IS CONTINUING TO GATHER INSIGHTS AND DEVELOP A GREATER UNDERSTANDING OF BEST CLINICAL AND OPERATIONAL PRACTICES. IN ADDITION, HCCI WORKS WITH ITS PARTNERS TO PROVIDE ONGOING RESEARCH TO DEMONSTRATE THE BENEFITS OF HBPC AND BEST WAYS TO IMPLEMENT AND EXPAND PRACTICES.
PRACTICE ENGAGEMENT AND IMPROVEMENT: ASSISTING PRACTICES WITH ONGOING DEVELOPMENT AND EXPANSION OF HOME-BASED PRIMARY CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Whinfrey Vice Chair | OfficerTrustee | 1 | $0 |
Richard Maybury Chariman Of The Board | OfficerTrustee | 1 | $0 |
Thomas Cornwell MD Executive Chairman & Secretary | OfficerTrustee | 1 | $0 |
Richard Mark Treasurer | OfficerTrustee | 1 | $0 |
James Bramsen Chairman Emeritus | Trustee | 1 | $0 |
Andrea Redmond Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edelman Marketing & Pr Svs. | 12/30/18 | $489,456 |
Hubbard Galbraith Llc Accounting Services | 12/30/18 | $143,500 |
Northwestern Memorial Healthcare Physician Expertise | 12/30/18 | $144,246 |
The Lht Group Elearning Develop. | 12/30/18 | $113,500 |
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 | $2,465,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,465,019 |
| Total Program Service Revenue | $103,934 |
| Investment income | $22,230 |
| 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 | $2,591,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $371,928 |
| 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. | $542,713 |
| Compensation of current officers, directors, key employees. | $125,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $910,951 |
| Pension plan accruals and contributions | $29,349 |
| Other employee benefits | $93,543 |
| Payroll taxes | $99,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $126,208 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $377,928 |
| Advertising and promotion | $245,655 |
| Office expenses | $167,324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,821 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,833 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,433 |
| Insurance | $23,457 |
| All other expenses | $141,306 |
| Total functional expenses | $3,326,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,656 |
| Savings and temporary cash investments | $395,691 |
| Pledges and grants receivable | $213,049 |
| Accounts receivable, net | $0 |
| 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 | $41,608 |
| Net Land, buildings, and equipment | $359,523 |
| Investments—publicly traded securities | $1,437,142 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,999 |
| Total assets | $2,579,668 |
| Accounts payable and accrued expenses | $466,879 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $466,879 |
| Net assets without donor restrictions | $685,912 |
| Net assets with donor restrictions | $1,426,877 |
| 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 | $2,579,668 |
Grants Awarded
Over the last fiscal year, Home Centered Care Institute has awarded $132,932 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF HOME CARE MEDICINE PURPOSE: PUB. POLICY ADVOCACY | $65,000 |
RUSH UNIVERSITY MEDICAL CENTER PURPOSE: HOME BASED PRIMARY CARE RESEARCH | $67,932 |