SPRING RIDGE HOUSING FOR SENIORS INC C/O LUTHERAN SOCIAL SERVICES OF ILLINOIS

EIN: 050536005 501(c)(3)

DES PLAINES, IL

Total Revenue
$779,719
Total Expenses
$975,847
Total Assets
$5,008,065
Net Assets
$-740,748
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Principal Officer
MARK A STUTRUD
Phone
8476354600
Tax Period
2024-07-01 to 2025-06-30

SPRING RIDGE HOUSING FOR SENIORS INC C/O LUTHERAN SOCIAL SERVICES OF ILLINOIS, founded in 2002, is a small nonprofit that reported $848K in total revenue in fiscal year 2018. Expenses of $815K left a modest 4% surplus.

Mission

HUD SUBSIDIZED HOUSING FOR THE ELDERLY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $765,861
Investment Income $774
Other Revenue $13,084
TOTAL REVENUE $779,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $246,438
Fundraising Expenses $0
Program Expenses $910,422
Other Expenses $729,409
TOTAL EXPENSES $975,847

Year-over-Year Comparison

2024 2023 Change
Revenue $779,719 $734,522 +0.1%
Expenses $975,847 $952,116 +0.0%
Net Income $-196,128 $-217,594 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$657,771
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV KATHIE BENDER SCHWICH CHAIR 0.10
Officer Director
$0 $0 $0
ESTHER M MACCHIONE VICE CHAIR 0.10
Officer Director
$0 $0 $0
REV YOUNGSHIM E PITCHER SECRETARY 0.10
Officer Director
$0 $0 $0
MR JAMES E HARNEY TREASURER 0.10
Officer Director
$0 $0 $0
SUSAN BOIN DIRECTOR 0.10
Director
$0 $0 $0
RON KOK-ALBLAS DIRECOTR 0.10
Director
$0 $0 $0
BETH NELSON CHASE DIRECTOR 0.10
Director
$0 $0 $0
REV RHONDA L PRUITT DIRECTOR 0.10
Director
$0 $0 $0
JUDY K DALHAUS DIRECTOR 0.10
Director
$0 $0 $0
MARK SCHWIEBERT DIRECTOR 0.10
Director
$0 $0 $0
DONALD B ERICKSON DIRECTOR 0.10
Director
$0 $0 $0
REV YEHIEL CURRY BISHOP/EX OFFICIO 0.10
Director
$0 $0 $0
REV GREG BUSBOOM BISHOP/EX OFFICIO 0.10
Director
$0 $0 $0
REV STACIE FIDLAR BISHOP/EX OFFICIO 0.10
Director
$0 $0 $0
MARK A STUTRUD CEO 0.20
Officer
$0 $54,780 $428,199
LISA SROGA VP FINANCE/CFO 0.20
Officer
$0 $2,443 $229,572
DAVID K WILDS DIR OF TREASURY SERVICES 0.20
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $779,719 $975,847 $5,008,065 $-196,128
2024 $734,522 $952,116 $5,286,858 $-217,594
2023 $733,792 $942,939 $5,443,081 $-209,147
2022 $713,095 $883,690 $5,623,021 $-170,595
2021 $734,683 $875,578 $5,750,498 $-140,895
2020 $657,688 $821,033 $5,854,261 $-163,345
2019 $848,067 $814,977 $5,994,694 $33,090
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