Francis House Inc
- Assets
- $147.3m
- Revenue
- $26.0m
- Investments
- $0.0
- Employees
- 433
- Location
- Galesburg, IL
- Founding
- 00/0000
- Data as of
- 03/2023
- EIN
- 37-1087901
Organization Overview
Francis House Inc is located in Galesburg, IL. The organization was established in 0000. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2023, Francis House Inc employed 433 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Francis House 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 03/2023, Francis House Inc generated $26.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $18.6m during the year ending 03/2023. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE & OPERATE LONG-TERM CARE FACILITIES FOR THE DEVELOPMENTALLY DISABLED & THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES RELATE TO PROVIDING AND OPERATING LONG-TERM CARE FACILITIES AND OTHER RELATED SERVICES TO THE DEVELOPMENTALLY DISABLED AND THE ELDERLY. THE ORGANIZATION OPERATES 18 FACILITIES WITH A COMBINED TOTAL OF 270 BEDS WITHIN THESE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Shaw President | OfficerTrustee | 1 | $4,500 |
John Carmody Vice President | OfficerTrustee | 1 | $4,500 |
Gordon Monn Director | Trustee | 1 | $4,500 |
Michael Wartman Director | Trustee | 1 | $4,500 |
Ron Wilson Rfms Inc CFO | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rfms Inc Administrative & Construction Services | 3/30/23 | $627,126 |
Ltc Support Services Llc Support Services | 3/30/23 | $427,356 |
Dsy Dental Consultants Pc Dentistry | 3/30/23 | $111,392 |
Rsm Us Llp Accounting | 3/30/23 | $110,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,933 |
| Total Program Service Revenue | $20,912,459 |
| Investment income | $4,877,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,040,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $542,000 |
| 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. | $18,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,663,061 |
| Pension plan accruals and contributions | $35,530 |
| Other employee benefits | $564,650 |
| Payroll taxes | $584,201 |
| Fees for services: Management | $1,075,234 |
| Fees for services: Legal | $5,344 |
| Fees for services: Accounting | $118,885 |
| Fees for services: Lobbying | $6,220 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $191,184 |
| Fees for services: Other | $209,650 |
| Advertising and promotion | $268,551 |
| Office expenses | $148,614 |
| Information technology | $25,032 |
| Royalties | $0 |
| Occupancy | $1,124,457 |
| Travel | $173,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,738,901 |
| Insurance | $48,299 |
| All other expenses | $29,566 |
| Total functional expenses | $18,641,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,724,205 |
| Savings and temporary cash investments | $9,134,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,064,087 |
| 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 | $31,228 |
| Net Land, buildings, and equipment | $28,927,367 |
| Investments—publicly traded securities | $55,965,124 |
| Investments—other securities | $0 |
| Investments—program-related | $46,188,775 |
| Intangible assets | $0 |
| Other assets | $2,283,050 |
| Total assets | $147,318,308 |
| Accounts payable and accrued expenses | $1,453,959 |
| Grants payable | $0 |
| Deferred revenue | $67,609 |
| 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 | $10,045,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,490,605 |
| Total liabilities | $24,057,348 |
| Net assets without donor restrictions | $123,260,960 |
| 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 | $147,318,308 |