EVANGELICAL RETIREMENT HOMES OF GR… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

MICHAEL FLYNN

Phone

8478845000

Tax Period

2022-04-01 to 2023-03-31

EVANGELICAL RETIREMENT HOMES OF GREATER CHICAGO INC, founded in 1974, is a mid-sized nonprofit in the Human Services sector that reported $50.4M in total revenue in fiscal year 2022. Expenses of $64.3M exceeded revenue, resulting in a 28% operating deficit.

Mission

IN THE SPIRIT OF FRIENDSHIP, WE PROVIDE SENIORS WITH DISTINCTIVE HOMES AND EXCEPTIONAL SERVICES THAT RESPECT THEIR FAITH TRADITIONS, SUPPORT THEIR INDEPENDENCE AND ENHANCE THEIR WELL-BEING. OUR EXPERTISE AND RESOURCES ARE EXTENDED TO OUR PARTNERS, AFFILIATES AND THE BROADER COMMUNITY AS AN EXPRESSION OF FRIENDSHIP.

Program Service Accomplishments

Program 1

Expenses: $51,630,083 Revenue: $50,753,640

EVANGELICAL RETIREMENT HOMES OF GREATER CHICAGO DBA: FRIENDSHIP VILLAGE OF SCHAUMBURG IS A LIFE PLAN COMMUNITY PROVIDING LIVING ARRANGEMENTS AND SERVICES TO SENIORS. CAMPUS WIDE SERVICES INCLUDE...

EVANGELICAL RETIREMENT HOMES OF GREATER CHICAGO DBA: FRIENDSHIP VILLAGE OF SCHAUMBURG IS A LIFE PLAN COMMUNITY PROVIDING LIVING ARRANGEMENTS AND SERVICES TO SENIORS. CAMPUS WIDE SERVICES INCLUDE DINING, ACTIVITIES, MAINTENANCE, HOUSEKEEPING, WELLNESS PROGRAMS, SUPPORTIVE SERVICES, AND 24 HOUR SECURITY. THE INDEPENDENT LIVING AREA (527 RESIDENCES) OFFERS A VARIETY OF PRIVATE LIVING ARRANGEMENTS, A FITNESS CENTER, AND OTHER AMENITIES. THE CAMPUS ALSO HAS 28 GARDEN HOMES, 85 ASSISTED LIVING APARTMENTS, 24 MEMORY SUPPORT UNITS, AND A 199 BED SKILLED HEALTH CARE FACILITY.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50,745,584

Investment Income $-364,475

Other Revenue $8,056

TOTAL REVENUE $50,389,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,259,416

Fundraising Expenses $0

Program Expenses $51,630,083

Other Expenses $43,995,219

TOTAL EXPENSES $64,254,635

Year-over-Year Comparison

	2022	2021	Change
Revenue	$50,389,165	$50,606,372	0.0%
Expenses	$64,254,635	$60,560,851	+0.1%
Net Income	$-13,865,470	$-9,954,479	+0.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

180

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

$327,466

Total Directors

$5,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY SHEAHEN	CHAIR & SECRETARY	0.20	Officer Director	$750	$0	$1,950
LOREN TRIMBLE	TREASURE	0.20	Officer Director	$0	$0	$0
CATHERINE TARDY	DIRECTOR	0.20	Officer Director	$750	$0	$1,950
JEAN SCHLINKMANN	DIRECTOR	0.20	Officer Director	$750	$0	$750
KATHLEEN RIVERA	DIRECTOR & CHAIR	0.20	Officer Director	$900	$0	$900
MICHAEL FLYNN	CEO	16.00	Officer	$0	$23,981	$321,916
NANCY D MONTAVLO	DIRECTOR OF NURSING	1.00	Highest	$0	$8,418	$164,628
DAWN MCCLOUD	SALES MANAGER	1.00	Highest	$0	$15,871	$162,075
RICK A PAISLEY	DIR RES SUPPORT SERVICES	1.00	Highest	$0	$11,213	$141,361
RENAN JAY LEANDICHO	SUPERVISOR	1.00	Highest	$0	$9,056	$133,897
COLLEEN E KOWALEWSKI	DIRECTOR AL AND LIFE SERVICES	1.00	Highest	$0	$20,540	$137,139

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
2023	$50,389,165	$64,254,635	$109,870,031	$-13,865,470
2022	$50,606,372	$60,560,851	$118,730,594	$-9,954,479
2021	$58,714,137	$61,746,353	$129,997,499	$-3,032,216
2020	$56,946,884	$64,790,799	$143,168,715	$-7,843,915
2019	$54,805,688	$64,167,742	$148,755,436	$-9,362,054

EVANGELICAL RETIREMENT HOMES OF GREATER CHICAGO INC