Senior Home Sharing Inc
- Assets
- $565.8k
- Revenue
- $373.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Lombard, IL
- Founding
- 01/1984
- Data as of
- 12/2021
- EIN
- 36-3246634
Organization Overview
Senior Home Sharing Inc is located in Lombard, IL. The organization was established in 1984. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Senior Home Sharing Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Home Sharing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Senior Home Sharing Inc generated $373.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $392.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FORM A CHARITABLE CORPORATION TO PROVIDE SENIORS WITH AN OPPORTUNITY TO LIVE INDEPENDENTLY IN AN AFFORDABLE FAMILY-STYLE HOME; TO ACQUIRE AND MAINTAIN FAMILY-STYLE GROUP HOMES FOR THE ELDERLY WHO ARE CAPABLE OF INDEPENDENT LIVING AND SELF-CARE; TO ASSIST LOW INCOME SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARED HOUSING AND SERVICES FOR LOWER INCOME SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Brosnan Executive Director | Officer | 40 | $86,493 |
Steve Sutch Vice President | OfficerTrustee | 2 | $0 |
Sarah White Treasurer | OfficerTrustee | 2 | $0 |
Jane Rio Secretary | OfficerTrustee | 2 | $0 |
Ann Gaultney President | Officer | 2 | $0 |
Tony Vechiola Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,621 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,376 |
| Total Program Service Revenue | $203,186 |
| Investment income | $83 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,493 |
| Compensation of current officers, directors, key employees. | $12,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,416 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,492 |
| Advertising and promotion | $0 |
| Office expenses | $13,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,978 |
| Insurance | $11,661 |
| All other expenses | $0 |
| Total functional expenses | $392,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,500 |
| Savings and temporary cash investments | $145,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $299,565 |
| Investments—publicly traded securities | $95,697 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $565,841 |
| Accounts payable and accrued expenses | $13,547 |
| Grants payable | $0 |
| Deferred revenue | $904 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,156 |
| Total liabilities | $34,607 |
| Net assets without donor restrictions | $531,234 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $565,841 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Senior Home Sharing Inc has recieved totaling $34,839.
| Awarding Organization | Amount |
|---|---|
Co Tua R & J Kott Memorial Char Oak Park, IL PURPOSE: SUPPORT | $20,000 |
Dupage Community Foundation Downers Grove, IL PURPOSE: HOUSING, SHELTER | $12,300 |
Naperville Rotary Charities Inc Naperville, IL PURPOSE: COMMUNITY SERVICE GRANT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Endowment Analysis
| Beg. Balance | $2,540 |
| Ending Balance | $2,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |
Moosehaven Inc Mooseheart, IL | $55,843,533 | $19,375,610 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |