Unlimited Development Inc
- Assets
- $118.8m
- Revenue
- $118.9m
- Investments
- $0.0
- Employees
- 2,564
- Location
- Galesburg, IL
- Founding
- 12/1996
- Data as of
- 09/2023
- EIN
- 36-4094409
Organization Overview
Unlimited Development Inc is located in Galesburg, IL. The organization was established in 1996. 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 09/2023, Unlimited Development Inc employed 2,564 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unlimited Development 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 09/2023, Unlimited Development Inc generated $118.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $121.9m during the year ending 09/2023. While expenses have increased by 2.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UDI PROVIDES & OPERATES NURSING AND ASSISTED LIVING FACILITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
ALL PROGRAM SERVICES RELATE TO PROVIDING AND OPERATING SKILLED NURSING FACILITIES, ASSISTED, SEMI-INDEPENDENT AND SUPPORTIVE LIVING FACILITIES AND OTHER RELATED HEALTH CARE SERVICES TO THE ELDERLY. THE ORGANIZATION OPERATES 23 FACILITIES WITH A COMBINED TOTAL OF 1,741 BEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Wagner President/medical Director | OfficerTrustee | 1 | $32,400 |
David Haney Vice President | OfficerTrustee | 1 | $4,500 |
Audrey Finke Secretary | OfficerTrustee | 1 | $4,500 |
Jerry Gilmore Director | Trustee | 1 | $4,500 |
Ron Wilson Rfms Inc CFO | Officer | 40 | $0 |
Jody Clark Nurse | 40 | $133,862 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Therapy Services | 9/29/23 | $5,227,061 |
Rfms Inc Administrative Services | 9/29/23 | $2,172,180 |
Ltc Support Services Llc Support Services | 9/29/23 | $1,642,335 |
Consonus Rehab Therapy Services | 9/29/23 | $1,229,064 |
Grapetree Medical Staffing Llc Medical Staffing Agency | 9/29/23 | $953,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,697,756 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,710,618 |
| Total Program Service Revenue | $115,078,633 |
| Investment income | $975,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,587 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,865,425 |
| 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. | $45,900 |
| Compensation of current officers, directors, key employees. | $45,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,625,803 |
| Pension plan accruals and contributions | $254,678 |
| Other employee benefits | $2,615,391 |
| Payroll taxes | $4,313,799 |
| Fees for services: Management | $4,013,668 |
| Fees for services: Legal | $53,833 |
| Fees for services: Accounting | $329,452 |
| Fees for services: Lobbying | $33,507 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $174,150 |
| Fees for services: Other | $10,763,212 |
| Advertising and promotion | $733,946 |
| Office expenses | $535,865 |
| Information technology | $457,469 |
| Royalties | $0 |
| Occupancy | $15,765,983 |
| Travel | $186,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,870 |
| Interest | $1,321 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,249,208 |
| Insurance | $1,693,735 |
| All other expenses | $786,829 |
| Total functional expenses | $121,921,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,318,268 |
| Savings and temporary cash investments | $7,872,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,507,873 |
| 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 | $499,211 |
| Net Land, buildings, and equipment | $20,662,737 |
| Investments—publicly traded securities | $21,595,373 |
| Investments—other securities | $0 |
| Investments—program-related | $10,000 |
| Intangible assets | $0 |
| Other assets | $51,368,487 |
| Total assets | $118,834,352 |
| Accounts payable and accrued expenses | $13,936,358 |
| Grants payable | $0 |
| Deferred revenue | $1,114,000 |
| 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 | $53,538,616 |
| Total liabilities | $68,588,974 |
| Net assets without donor restrictions | $50,245,378 |
| 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 | $118,834,352 |