Overview
What is Evangelical Retirement Homes Of Greater Chicago Inc?
Evangelical Retirement Homes of Greater Chicago Inc, also known as Friendship Village of Schaumburg, is a nonprofit organization located at 350 W Schaumburg Road, Schaumburg, IL, 60194. They offer exceptional living options for mature adults through their life plan community. This community provides a range of services including dining, activities, maintenance, housekeeping, wellness programs, supportive services, and 24-hour security. The independent living area comprises 527 residences, a fitness center, and other amenities. Additionally, there are 28 garden homes, 85 assisted living apartments, 24 memory support units, and a 199-bed skilled healthcare facility on the campus. The mission of this organization is to provide seniors with distinctive homes and exceptional services that respect their faith traditions and support their independence, enhancing their overall well-being. In the spirit of friendship, their expertise and resources are extended to partners, affiliates, and the broader community.
Official website here: www.friendshipvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Evangelical Retirement Homes of Greater Chicago Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The organization excels in several areas such as having a fully independent board and strong policies for conflict of interest and whistleblower protection. Additionally, it shows a commendable program expense ratio, meaning a significant portion of its funding is directed towards its programs.
However, the nonprofit faces challenges reflected in its high liabilities to assets ratio, which raises concerns about its financial stability. This aspect may impact its ability to sustain operations or invest in future initiatives. While the organization has established strong governance policies, the overall financial health indicated by the liabilities could be a limitation that potential donors may want to consider.
Overall, while Evangelical Retirement Homes of Greater Chicago Inc demonstrates good governance and a commitment to its mission, its financial challenges warrant careful consideration by supporters and contributors.
This AI summary has been generated from information found on Charity Navigator.
Is Evangelical Retirement Homes Of Greater Chicago Inc legitimate?
Evangelical Retirement Homes Of Greater Chicago Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evangelical Retirement Homes Of Greater Chicago Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,454,519
For more financial information, click here
Official website here: www.friendshipvillage.org
What is the mission statement of Evangelical Retirement Homes Of Greater Chicago Inc?
Evangelical Retirement Homes of Greater Chicago Inc is dedicated to offering exceptional living choices for mature adults. In the spirit of friendship, they provide seniors with distinctive homes and exceptional services that respect their faith traditions and support their independence. Their expertise and resources are extended to their partners, affiliates, and the broader community as a gesture of friendship. The organization operates a life plan community, providing a range of living arrangements and services, including dining, activities, maintenance, housekeeping, wellness programs, supportive services, and 24-hour security. The community offers various private living arrangements, a fitness center, and other amenities, as well as assisted living apartments, memory support units, and a skilled healthcare facility.
Official website here: www.friendshipvillage.org
Who is the CEO of Evangelical Retirement Homes Of Greater Chicago Inc?
Michael Flynn is the Director of Evangelical Retirement Homes Of Greater Chicago Inc. The CEO's salary of Evangelical Retirement Homes Of Greater Chicago Inc is $0 and their total compensation is $288,531.
Official website here: www.friendshipvillage.org
What is the revenue of Evangelical Retirement Homes Of Greater Chicago Inc?
Evangelical Retirement Homes Of Greater Chicago Inc's revenue in 2022 was $50,606,372.
Official website here: www.friendshipvillage.org
Who are the executives of Evangelical Retirement Homes Of Greater Chicago Inc and what are their salaries?
There 250 volunteers at Evangelical Retirement Homes Of Greater Chicago Inc.
Here are 13 key members and their salaries (Evangelical Retirement Homes Of Greater Chicago Inc's CEO's salary is $0 and their total compensation is $288,531):
- Compensation: $0
- Related: $4,800
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,650
- Other: $0
- Compensation: $0
- Related: $1,800
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,650
- Other: $0
- Compensation: $0
- Related: $405,999
- Other: $9,203
- Compensation: $0
- Related: $264,190
- Other: $24,341
- Compensation: $0
- Related: $118,482
- Other: $15,882
- Compensation: $0
- Related: $124,654
- Other: $13,606
- Compensation: $0
- Related: $117,278
- Other: $21,421
- Compensation: $0
- Related: $112,843
- Other: $21,439
- Compensation: $0
- Related: $112,032
- Other: $818
Official website here: www.friendshipvillage.org
Where can I find the form 990 for Evangelical Retirement Homes Of Greater Chicago Inc?
Evangelical Retirement Homes Of Greater Chicago Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendshipvillage.org
Learn more at the official website: www.friendshipvillage.org
Mission Statement of Evangelical Retirement Homes Of Greater Chicago Inc
Evangelical Retirement Homes Of Greater Chicago Inc, a reputable nonprofit organization, is dedicated to providing mature adults with exceptional living choices. In the spirit of friendship, they offer seniors distinctive homes and exceptional services that respect their faith traditions, support their independence, and enhance their well-being. The expertise and resources of this organization extend beyond its community, reaching out to partners, affiliates, and the broader public as an expression of friendship.
Evangelical Retirement Homes Of Greater Chicago, also known as Friendship Village of Schaumburg, is a life plan community for seniors. It provides a range of services including dining, activities, maintenance, housekeeping, wellness programs, supportive services, and 24-hour security. The independent living area offers various private living arrangements, a fitness center, and other amenities. The community also comprises 28 garden homes, 85 assisted living apartments, 24 memory support units, and a 199-bed skilled healthcare facility.
The mission of Evangelical Retirement Homes Of Greater Chicago is multifaceted. They provide seniors with a choice of distinctive homes that cater to their unique needs while ensuring their independence. The organization's services, designed with their residents' well-being in mind, include dining options, an array of activities, and various living arrangements. Moreover, the expert team offers wellness programs and supportive services, addressing the physical, emotional, and social needs of the seniors. Their commitment to faith traditions is reflected in the respectful and inclusive environment they foster. By extending their resources to partners, affiliates, and the community, they embody the spirit of friendship and make a positive impact beyond their immediate sphere.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Evangelical Retirement Homes of Greater Chicago Inc. significantly impacts the lives of seniors by providing a comprehensive range of living options and support services that cater to the needs of mature adults. With a mission grounded in the spirit of friendship, the organization creates a nurturing environment that respects individual faith traditions while promoting independence and overall well-being.
At Friendship Village of Schaumburg, the community offers a variety of living arrangements, including independent living, assisted living, memory support units, and skilled health care facilities. This diversity allows residents to choose the arrangement that best fits their personal needs and lifestyle preferences. The independent living area features 527 residences and numerous amenities, such as a fitness center, dining, and recreational activities that foster social engagement.
Moreover, the organization emphasizes residents' safety and comfort with 24-hour security and a well-structured support system that includes wellness programs, housekeeping, and maintenance services. These resources not only help seniors maintain their independence but also alleviate the burdens often associated with daily living tasks.
By extending its expertise to partners and the wider community, Evangelical Retirement Homes cultivates an environment of collaboration and friendship, enhancing the quality of life for seniors not only within its own facilities but across the broader region. This holistic approach positions the organization as a vital resource for individuals seeking dignified, supportive living choices in their later years.
This information is meant to be a general summary of Evangelical Retirement Homes Of Greater Chicago Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,219,740
- Program Service Revenue: $48,618,185
- Gross Receipts: $50,606,372
Assets and Liabilities:
- Total Assets: $118,730,594
- Total Liabilities: $230,344,324
- Net Assets: -$111,613,730
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERV REVENUE
Revenue
$43,374,946
AMORT. OF ENTRANCE FEES
Revenue
$4,979,128
OTHER
Revenue
$264,111
Organization Details
Founding Year
1974
Phone
(847) 884-5000Principal Officer
Michael Flynn
Main Address
350 W SCHAUMBURG ROAD, SCHAUMBURG, IL, 60194
Website
www.friendshipvillage.orgNTEE Category
Code: P750 - Human services
If you are a representative of Evangelical Retirement Homes Of Greater Chicago Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.