Rochelle Senior Housing Inc
- Assets
- $2.1m
- Revenue
- $700.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Plaines, IL
- Founding
- 04/1988
- Data as of
- 06/2024
- EIN
- 36-3936045
Organization Overview
Rochelle Senior Housing Inc is located in Des Plaines, IL. The organization was established in 1988. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rochelle Senior Housing 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 06/2024, Rochelle Senior Housing Inc generated $700.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $779.0k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HUD SUBSIDIZED HOUSING FOR THE ELDERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING FOR THE ELDERLY, IN A FACILITY WITH 58 UNITS AVAILABLE FOR AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Kathie Bender Schwich Chair | OfficerTrustee | 0.1 | $0 |
Esther M Macchione Vice Chair | OfficerTrustee | 0.1 | $0 |
John T Rudy Chair Emeritus | OfficerTrustee | 0.1 | $0 |
Rev Youngshim E Pitcher Secretary | OfficerTrustee | 0.1 | $0 |
Rev Dr M Wyvetta Bullock Treasurer | Trustee | 0.1 | $0 |
Donald B Erickson Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $694,261 |
| Investment income | $1,261 |
| 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 | $700,672 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,415 |
| Pension plan accruals and contributions | $4,002 |
| Other employee benefits | $53,604 |
| Payroll taxes | $14,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $18,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,740 |
| Office expenses | $28,517 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,840 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,747 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,120 |
| Insurance | $66,894 |
| All other expenses | $187 |
| Total functional expenses | $778,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,028 |
| Savings and temporary cash investments | $652,302 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,083 |
| 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 | $1,356,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,068,862 |
| Accounts payable and accrued expenses | $110,081 |
| Grants payable | $0 |
| Deferred revenue | $1,526,216 |
| 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 | $42,445 |
| Total liabilities | $1,678,742 |
| Net assets without donor restrictions | $390,120 |
| 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 | $2,068,862 |