WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY

EIN: 362167948 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$26,701,007
Total Expenses
$27,610,002
Total Assets
$72,419,060
Net Assets
$-5,504,050
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Organization Details

Formation Year
1926
Legal Domicile
IL
Principal Officer
RAYMOND MARNERIS
Phone
7734747300
Tax Period
2024-07-01 to 2025-06-30

WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY, founded in 1926, is a mid-sized nonprofit in the Human Services sector that reported $26.7M in total revenue in fiscal year 2024.

Mission

WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY WAS INCORPORATED FOR THE CHARITABLE PURPOSE OF PROVIDING INDEPENDENT LIVING, ASSISTED LIVING, AND NURSING CARE SERVICES TO MEN AND WOMEN THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY. (SEE SCHEDULE O) LOCATED IN CHICAGO, ILLINOIS. WITHIN THE COMMUNITY, WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY OPERATES A 149 INDEPENDENT LIVING UNITS, 82 BED ASSISTED LIVING, AND 78 BED SKILLED NURSING FACILITY LICENSED BY THE ILLINOIS DEPARTMENT OF PUBLIC HEALTH (IDPH). ALL 100 SKILLED NURSING BEDS ARE CERTIFIED FOR PARTICIPATION IN THE MEDICARE AND MEDICAID PROGRAMS. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY IS SUBJECT TO PERIODIC REGULATORY INSPECTIONS PERFORMED BY IDPH.

Program Service Accomplishments

Program 1
Expenses: $11,734,639 Revenue: $11,927,297

THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIOR ADULTS IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY OPERATES A 78...

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THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIOR ADULTS IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY OPERATES A 78 BED SKILLED NURSING CARE UNIT. SERVICES PROVIDED INCLUDE 24-HOUR NURSING CARE AND REHABILITATION SERVICES. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY IS LICENSED FOR AND ACCEPTS BOTH MEDICARE AND MEDICAID AS SUPPLEMENTARY PAYMENT SOURCES. CONTRACTUAL ARRANGEMENTS UNDER THESE PROGRAMS DO NOT ALWAY PROVIDE FOR COVERAGE FOR ALL COST OF SERVICES. DURING THE YEAR, THE ORGANIZATION PROVIDED $333,302 IN CHARITABLE SERVICES TO RESIDENTS IN SKILLED NURSING. THE COMMUNITY ALSO PROVIDED $139,740 IN HEALTH CARE DISCOUNTS TO ITS RESIDENTS.

Program 2
Expenses: $8,006,588 Revenue: $7,868,538

THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 62 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WITHIN THE COMMUNITY, WASHINGTON AND JANE SMITH...

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THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 62 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WITHIN THE COMMUNITY, WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY OPERATES 149 INDEPENDENT LIVING APARTMENTS. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY BEGAN OPERATION OF THESE UNITS IN NOVEMBER 2007. RESIDENTS RECEIVE DISCOUNTED SERVICES IN HEALTHCARE SHOULD THEY REQUIRE TRANSITION TO ASSISTED LIVING OR INTO SKILLED CARE. RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES CAN APPLY FOR SUPPORT THROUGH THE CHARITABLE CARE FUNDS OF WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY. DURING THE YEAR, THE ORGANIZATION PROVIDED $12,809 IN CHARITABLE SERVICES TO RESIDENTS IN INDEPENDENT LIVING.

Program 3
Expenses: $5,781,654 Revenue: $5,521,884

THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 55 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY...

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THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 55 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY OPERATES A 82 UNIT ASSISTED LIVING CENTER. SERVICES INCLUDE PROVISION OF ASSISTANCE TO INDIVIDUALS WHO CAN NO LONGER LIVE INDEPENDENTLY AND NEED ASSISTANCE WITH AT LEAST THREE ACTIVITIES OF DAILY LIVING SUCH AS EATING, BATHING, DRESSING, MEDICATIONS, ETC. INDIVIDUALS RESIDING IN ASSISTED LIVING WHO HAVE OUTLIVED THEIR FINANCIAL RESOURCES ARE FURTHER SUPPORTED BY THE CHARITABLE CARE FUNDS OF WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY. DURING THE YEAR $68,176 IN CHARITABLE SERVICES WERE PROVIDED TO RESIDENTS IN ASSISTED LIVING. THE COMMUNITY ALSO PROVIDED $208,819 IN HEALTH CARE DISCOUNTS TO ITS RESIDENTS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $248,702
Program Service Revenue $25,317,720
Investment Income $654,879
Other Revenue $479,706
TOTAL REVENUE $26,701,007

Expense Breakdown

Grants Paid $12,809
Salaries & Benefits $8,444,242
Fundraising Expenses $0
Program Expenses $25,522,881
Other Expenses $19,152,951
TOTAL EXPENSES $27,610,002

Year-over-Year Comparison

2024 2023 Change
Revenue $26,701,007 $26,918,037 0.0%
Expenses $27,610,002 $28,279,434 0.0%
Net Income $-908,995 $-1,361,397 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
280
Volunteers
157

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
5
$728,289
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICE KEANE CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN PIEJKO VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN SIEGEL TRUSTEE 1.00
Director
$0 $0 $0
MICHEL STANTON TRUSTEE 1.00
Director
$0 $0 $0
ANN HASKINS TRUSTEE 1.00
Director
$0 $0 $0
TIM KELLEHER TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM WADELL TRUSTEE 1.00
Director
$0 $0 $0
JAMES SCHMITT CHIEF INFOMATION OFFICER 12.00
Officer
$0 $33,203 $217,130
RAYMOND MARNERIS TREASURER/CFO 12.00
Officer
$0 $26,634 $242,096
KEVIN MCGEE PRESIDENT/CEO 12.00
Officer
$0 $35,427 $269,063
MARTI JATIS EXECUTIVE DIRECTOR 37.50
Highest
$163,092 $25,425 $188,517
RICARDO RAMOS DIRECTOR OF NURSING 37.50
Highest
$120,499 $13,334 $133,833
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 $26,701,007 $27,610,002 $72,419,060 $-908,995
2024 $26,918,037 $28,279,434 $75,041,234 $-1,361,397
2023 $21,346,042 $26,747,040 $75,898,053 $-5,400,998
2022 $17,733,096 $22,096,020 $79,369,060 $-4,362,924
2021 $22,233,718 $20,950,333 $79,240,798 $1,283,385
2020 $28,308,621 $22,883,495 $68,370,441 $5,425,126
2019 $22,842,209 $22,217,378 $64,001,500 $624,831
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