Overview
What is Norwood Life Care Foundation- B?
Norwood Life Care Foundation-B is a nonprofit organization situated in Chicago, Illinois, with the primary goal of managing fundraising and investments for related entities. These entities include Norwood Crossing Association, Norwood Seniors Network Association, Norwood Life Society, Norwegian Lutheran Bethesda Home Association, and the Norwood Park Satellite Seniors Center. These organizations provide essential services to area seniors, accommodating them in two long-term care facilities with a combined capacity of 266 licensed beds and 55 assisted living units. In 2021, 35% of the residents at these facilities benefited from free or subsidized care. The foundation's activities include supporting spiritual services, procuring equipment for program activities, and operating the Norwood Park Satellite Seniors Center. The organization operates with a small workforce of 4 individuals.
Official website here: www.norwoodlifecarefoundation.org
Is Norwood Life Care Foundation- B legitimate?
Norwood Life Care Foundation- B is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norwood Life Care Foundation- B 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,240
For more financial information, click here
Official website here: www.norwoodlifecarefoundation.org
What is the mission statement of Norwood Life Care Foundation- B?
The Norwood Life Care Foundation-B's mission is primarily focused on managing fundraising and investments for several related not-for-profit organizations. These organizations include Norwood Crossing Association, Norwood Seniors Network Association, Norwood Life Society, Norwegian Lutheran Bethesda Home Association, and the Norwood Park Satellite Seniors Center. These organizations provide essential services to area seniors, catering to their needs in two long-term care facilities with a combined total of 266 licensed beds and 55 assisted living units. In 2021, approximately 35% of the residents at these facilities benefited from free or subsidized care.
Official website here: www.norwoodlifecarefoundation.org
Who is the CEO of Norwood Life Care Foundation- B?
Silvia Morici is the Ceo (Current) of Norwood Life Care Foundation- B. The CEO's salary of Norwood Life Care Foundation- B is $0 and their total compensation is $315,814.
Official website here: www.norwoodlifecarefoundation.org
What is the revenue of Norwood Life Care Foundation- B?
Norwood Life Care Foundation- B's revenue in 2022 was $875,451.
Official website here: www.norwoodlifecarefoundation.org
Who are the executives of Norwood Life Care Foundation- B and what are their salaries?
The average compensation at Norwood Life Care Foundation- B during 2022 was $39,060. There are 4 employees and 91 volunteers at Norwood Life Care Foundation- B.
Here are 14 key members and their salaries (Norwood Life Care Foundation- B's CEO's salary is $0 and their total compensation is $315,814):
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- Other: $0
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- Related: $457,112
- Other: $9,150
- Compensation: $0
- Related: $259,424
- Other: $18,998
- Compensation: $0
- Related: $300,842
- Other: $14,972
- Compensation: $0
- Related: $241,626
- Other: $11,483
- Compensation: $0
- Related: $139,776
- Other: $8,462
Official website here: www.norwoodlifecarefoundation.org
Where can I find the form 990 for Norwood Life Care Foundation- B?
Norwood Life Care Foundation- B's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.norwoodlifecarefoundation.org
Learn more at the official website: www.norwoodlifecarefoundation.org
Mission Statement of Norwood Life Care Foundation- B
The Norwood Life Care Foundation-B serves a crucial role in managing fundraising and investments for various related not-for-profit organizations. Its primary mission is to support the operations of five specific organizations: Norwood Crossing Association, Norwood Seniors Network Association, Norwood Life Society, Norwegian Lutheran Bethesda Home Association, and the Norwood Park Satellite Seniors Center. These organizations provide essential services to seniors, catering to their needs in two long-term care facilities with a combined capacity of 266 licensed beds and 55 assisted living units.
The Norwood Life Care Foundation-B's mission is focused on ensuring that these organizations can continue to provide vital support to seniors in their community. In 2021, 35% of the residents in these facilities received free or subsidized care, highlighting the foundation's commitment to ensuring that senior care is accessible for those who need it most. By managing fundraising and investments, the Norwood Life Care Foundation-B enables these organizations to continue their work, providing essential services such as social activities, medical care, and support services to area seniors.
In summary, the Norwood Life Care Foundation-B is a vital organization that plays a crucial role in supporting the operations of five related not-for-profit organizations that provide essential services to seniors in their community. Through its management of fundraising and investments, the foundation ensures that these organizations can continue to operate and provide affordable care to seniors, making a significant impact on the lives of those in need.
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Impact
October, 2024
Norwood Life Care Foundation-B significantly enhances the quality of life for seniors in Chicago by managing vital fundraising activities that support various essential programs. Through its efforts, the foundation provides funding for spiritual services, equipment purchases for program activities, and the operations of the Norwood Park Satellite Seniors Center.
By focusing on support for related organizations like the Norwood Crossing Association and the Norwegian Lutheran Bethesda Home Association, the foundation plays a crucial role in maintaining two long-term care facilities that house 266 licensed beds and 55 assisted living units. This care is particularly impactful as, in 2021, 35% of the residents in these facilities benefited from free or subsidized care. The foundation’s work not only enables access to critical services for a vulnerable population but also fosters a supportive community environment for seniors in need.
This information is meant to be a general summary of Norwood Life Care Foundation- B. 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: $413,837
- Gross Receipts: $972,988
Assets and Liabilities:
- Total Assets: $21,122,899
- Total Liabilities: $2,447,675
- Net Assets: $18,675,224
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Organization Details
Founding Year
1909
Phone
(773) 631-4856Principal Officer
Silvia Morici
Main Address
6016 N NINA AVE, CHICAGO, IL, 60631
NTEE Category
Code: E11 - Health
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