Educational And Healthcare Dev Fdn Of Beloit in Downers Grove, Illinois (IL)

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Educational And Healthcare Dev Fdn Of Beloit
Employer Identification Number (EIN)363918232
Name of OrganizationEducational And Healthcare Dev Fdn Of Beloit
AddressDowners Grove, IL 60515
Tax Period2001
Asset Amount$-33,358,188
Amount of Income$19,029,552
Form 990 Revenue Amount$19,029,552
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Senior Continuing Care Communities


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Amount of income in 2001: $19,029,552
Educational And Healthcare Dev Fdn Of Beloit: 

 $19,029,552
Other organizations performing similar types of work: 

 $15,223,418

Assets in 2001: $-33,358,188
This organization: 

 $-33,358,188
Other organizations performing similar types of work: 

 $27,089,417

Expenses in 2001: $22,266,150
Educational And Healthcare Dev Fdn Of Beloit: 

 $22,266,150
Other organizations performing similar types of work: 

 $13,481,543

Income to expenses ratio in 2001: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2001: 79.8%
This organization: 

 79.8%
Other organizations performing similar types of work: 

 86.2%

Number of employees in 2001: 290
Educational And Healthcare Dev Fdn Of Beloit: 

 290
Other organizations performing similar types of work: 

 269

Employees paid over $50,000 in 2001: 2.1%
Educational And Healthcare Dev Fdn Of Beloit: 

 2.1%
Other organizations performing similar types of work: 

 5.2%

Grants share in income in 2001: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.7%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Expenses for 2001

Functional Expenses for 2001 ($)

Income-Producing Activities for 2001

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001
Total revenue$17,979,478$19,029,552
Contributions, gifts, grants, and similar amounts received$0$0
Contributions to donor advised funds
Direct public support$0$0
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$17,539,930$18,758,643
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$130,283$57,884
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$-5,852$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$5,852$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$315,117$213,025
Total expenses$22,377,286$22,266,150
Program services$17,664,106$17,771,563
Management and general$4,713,180$4,494,587
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$-30,121,590$-33,358,188
Excess or (deficit) for the year$-4,397,808$-3,236,598
Net assets or fund balances at beginning of year$-25,723,782$-30,121,590
Other changes in net assets or fund balances$0$0
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$22,266,150$17,771,563$4,494,587$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$51,696$0$51,696$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$6,275,338$5,020,270$1,255,068$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$331,875$265,500$66,375$0
Payroll taxes$494,519$395,615$98,904$0
Professional fundraising fees$0$0$0$0
Accounting fees$59,390$47,512$11,878$0
Legal fees$230,116$184,093$46,023$0
Supplies$547,468$437,974$109,494$0
Telephone$88,241$70,593$17,648$0
Postage and shipping$12,364$9,891$2,473$0
Occupancy$1,038,930$831,144$207,786$0
Equipment rental and maintenance$59,916$47,933$11,983$0
Printing and publications$29,635$23,708$5,927$0
Travel$37,653$30,122$7,531$0
Conferences, conventions, and meetings$6,076$4,861$1,215$0
Interest$8,176,421$6,541,137$1,635,284$0
Depreciation, depletion, etc.$1,348,900$1,079,120$269,780$0
Other expenses not covered above$3,477,612$2,782,090$695,522$0
Balance Sheets
20002001
Total assets$42,225,324$41,405,899
Cash - non-interest-bearing$2,035,752$3,038,301
Savings and temporary cash investments$1,816,987$1,287,874
Accounts receivable less allowance for doubtful accounts$466,287$430,803
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$31,826$39,069
Prepaid expenses and deferred charges$37,959$63,388
Investments - publicly-traded securities
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$2,960,353$2,345,503
Land, buildings, and equipment less accumulated depreciation$34,860,613$34,174,539
Other assets, including program-related investments$15,547$26,422
Total liabilities$72,346,914$74,764,087
Accounts payable and accrued expenses$39,714,137$42,136,234
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$30,301,894$30,301,894
Mortgages and other notes payable$1,458,081$1,458,081
Other liabilities$872,802$867,878
Total liabilities and net assets/fund balances$42,225,324$41,405,899
Total net assets or fund balances$-30,121,590$-33,358,188
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001
Total revenue$17,979,478$19,029,552
Total revenue, gains, and other support per audited financial statements$17,103,698$19,119,061
Other expenses$145,898$89,509
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$145,898$89,509
Other revenue$1,021,678$0
Investment expenses$0$0
Other$1,021,678$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001
Total expenses$22,377,286$22,266,150
Total expenses and losses per audited financial statements$21,501,506$22,355,659
Other revenue$145,898$89,509
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$145,898$89,509
Other expenses$1,021,678$0
Investment expenses$0$0
Other$1,021,678$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006290
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$57,884$18,971,668
Program service revenue
Program service revenue 1000000$000$0$13,051,171
Program service revenue 2000000$000$0$1,366,759
Program service revenue 3000000$000$0$3,873,092
Program service revenue 4000000$000$0$467,621
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$57,884$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$213,025
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$70,067$12,936$0
$66,208$3,880$0
$65,000$3,284$0
$54,843$4,849$0
$52,111$4,581$0
Total number of other employees paid over $50,0001
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000
Total$17,836,344$16,837,097
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$16,823,820$16,391,697
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$112,831$130,283
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$899,693$315,117
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Presence Rhc Corporation, Accounts Payable Department200 S Wacker Dr, Chicago, IL 60606-5829IL1943-03$275,926,644
2Franciscan Communities Inc11500 Theresa Dr, Lemont, IL 60439-2727IL1946-03$115,075,283
3Presbyterian Home, The Northern Trust Company3200 Grant St, Evanston, IL 60201-1903IL1940-12$109,023,378
4Covenant Retirement Communities West, Brandel Hall5700 Old Orchard Road, Skokie, IL 60077-1036IL1975-07$81,366,473
5Council For Jewish Elderly3003 W Touhy Ave, Chicago, IL 60645-2833IL1972-10$59,625,271
6Christian Homes Inc200 N Postville Dr, Lincoln, IL 62656-1978IL1967-07$58,289,711
7Evangelical Retirement Homes Of Greater Chicago Inc, Friendship Village Of Schaumburg350 W Schaumburg Road, Schaumburg, IL 60194-3464IL1975-08$56,406,123
8Lutheran Home For The Aged800 W Oakton St, Arlington Hts, IL 60004-4602IL1942-10$52,181,691
9Covenant Retirement Communities Inc, Covenant Land Company Llc5700 Old Orchard Road, Skokie, IL 60077-1036IL1975-07$44,736,737
10Plymouth Place Inc315 N Lagrange Road, Lagrange Park, IL 60526-1903IL1944-12$30,627,071
11Volunteers Of America Inc, Volunteers Of America National Serv7530 Market Place Dr, Eden Prairie, MN 55344-3636MN1963-05$20,753,966
12Village At Marymount5200 Marymount Village Dr, Garfield Hts, OH 44125-2973OH1946-03$18,251,592
13Walker Methodist Health Center Inc3737 Bryant Ave S, Minneapolis, MN 55409-1019MN1953-09$30,879,736
14Wesley Glen Inc5155 N High St, Columbus, OH 43214-1525OH1970-06$22,365,309
15Sarah A Reed Retirement Center227 W 22nd St, Erie, PA 16502-2689PA1988-07$19,597,849
16Westminster Village Inc2025 E Lincoln St, Bloomington, IL 61701-5995IL1984-03$12,444,371
17Woodstock Christian Life Services920 N Seminary Ave, Woodstock, IL 60098-2996IL1984-04$11,087,927
18Selfhelp Home Inc908 W Argyle St, Chicago, IL 60640-3806IL2000-11$8,939,633
19Beulahland Manor Corp502 Hickory St, Evansville, IL 62242IL2007-06$0
20Garden Of Gethsemane Baptist ChurchPO BOX 2113, Matteson, IL 60443-5113IL1999-02$0
Number of organizations performing similar types of work
Alaska2
Alabama3
Arkansas5
Arizona12
California48
Colorado13
Connecticut21
District of Columbia6
Delaware3
Florida45
Georgia13
Hawaii2
Iowa22
Illinois54
Indiana25
Kansas14
Kentucky10
Louisiana8
Massachusetts16
Maryland26
Maine4
Michigan20
Minnesota41
Missouri22
Montana2
North Carolina23
North Dakota2
Nebraska4
New Hampshire5
New Jersey24
New Mexico1
New York45
Ohio45
Oklahoma4
Oregon12
Pennsylvania93
Rhode Island5
South Carolina8
South Dakota8
Tennessee14
Texas21
Utah2
Virginia23
Vermont1
Washington19
Wisconsin26
West Virginia4
Wyoming1
International2
Total829

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