Timothy Place Nfp FY2020 filing

Tax-deductible

Elmhurst, IL501(c)(3)Since 2004Human ServicesEIN 20-1835089Revenue $22.5M in FY2020

On file with the IRSprovidencelifeservices.com1050 S Euclid, 60126-5169 · Elmhurst, ILTax-exempt since Jan 2007Publicly supported — 509(a)(2)

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To provide housing and the full continuum of care for seniors.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$660K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $4.5M a year · 20% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$660K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$230.2M
177% of total assets
Concern: liabilities are 177% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.5M
Spent
$27.4M
To programs
97%
Net assets
−$100.0M
By yearFY2020–FY2024
Revenue
$22.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$22.5M
FY2021$21.7M
FY2022$21.4M
FY2023$22.5M
FY2024$23.4M
Expenses
$27.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$27.4M
FY2021$27.1M
FY2022$25.6M
FY2023$26.3M
FY2024$27.4M
Net assets
−$100.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$100.0M
FY2021−$102.7M
FY2022−$103.5M
FY2023−$106.9M
FY2024−$110.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $26.5M Management & general 3% · $848K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $660K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$180,897Pt VII · Sec A
Healthcare D
$154,459Pt VII · Sec A
Sales Direct
$115,970Pt VII · Sec A
$105,637Pt VII · Sec A
$102,866Pt VII · Sec A
Asst Sect/Tr
$0Pt VII · Sec A
Sect/Treasur
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mcgowan-Welch Beth’s $205K as Executive Di is at the 47th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mcgowan-Welch Beth$205,400$200,779$200,795$192,232$180,897
Smith Shelly————$154,459
Dell Julian$152,052————
Tiemersma David$136,810————
Nikolic Milanka$131,743————
Walsh Laura—$121,430———
Caberra Arjelio$121,310————
Toral Samantha———$118,358$115,970

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing and comprehensive care for seniors.

Provided by the organization

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1 program · $26.5M · in their own filed words · FY2020
01

To provide housing and care for the elderly and sick.

$26.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$22.5M
Ln 12
Fees for servicesLn 2g$20.4M
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$51K
Money outPt IX
$27.4M
Ln 25
Programscol B$26.5M
Managementcol C$848K
Owns and owesPt X
−$100.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$130.2M
LiabilitiesLn 26$230.2M
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$20.4M
Investment incomeLn 3$51K
Total revenueLn 12$22.5M
Assets in detailPt X, end of year
CashLn 1$2.3M
Cash and savings togetherLn 1–2$2.3M
Land, buildings, equipmentLn 10c$110.0M
Other assetsLn 15$14.2M
Total assetsLn 16$130.2M
LiabilitiesLn 26$230.2M
Net assetsLn 32−$100.0M
OperationsPt I, VI
EmployeesI 5351
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.1M$2.3M
Land, buildings, equipmentLn 10c$112.6M$110.0M
Total assetsLn 16$135.0M$130.2M
LiabilitiesLn 26$234.1M$230.2M
Net assetsLn 32−$99.1M−$100.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$7.2M$7.2M
Pension plan contributionsLn 8$125K$125K
Other employee benefitsLn 9$676K$676K
Payroll taxesLn 10$520K$520K
Management feesLn 11a$360K$360K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$120K$120K
Other fees for servicesLn 11g$38K$38K
Advertising and promotionLn 12$63K$63K
Office expensesLn 13$66K$66K
Information technologyLn 14$488K$488K
OccupancyLn 16$920K$920K
InterestLn 20$7.9M$7.9M
Depreciation, depletion and amortizationLn 22$3.9M$3.9M
InsuranceLn 23$489K$489K
Other expenses (24a–d)Ln 24$2.6M$2.6M
All other expensesLn 24e$2.0M$2.0M
Total functional expensesLn 25$27.4M$26.5M$848K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $23.4M$27.4M−$4.0M−$110.9M 990 PDF
FY2023 $22.5M$26.3M−$3.8M−$106.9M 990 PDF
FY2022 $21.4M$25.6M−$4.2M−$103.5M 990 PDF
FY2021 $21.7M$27.1M−$5.4M−$102.7M 990 PDF
FY2020 Viewing $22.5M$27.4M−$4.9M−$100.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $22,497,274 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $140,049$2,059,760
I-9 Program service revenuePrior year $20,384,088$20,386,959
I-10 Investment incomePrior year $287,360$50,555
I-11 Other revenue$0
I-12 Total revenuePrior year $20,811,497$22,497,274
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $8,207,452$8,496,150
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $18,729,873$18,873,771
I-18 Total expensesPrior year $26,937,325$27,369,921
I-19 Revenue less expensesPrior year −$6,125,828−$4,872,647
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $22,497,274 across 6 lines filed
VIII-1e Government grants$1,877,432
VIII-1f All other contributions, gifts and grants$182,328
VIII-1h Total contributions, gifts and grants$2,059,760
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,386,959$20,386,959
VIII-3 Investment incomeExcluded from tax $50,555$50,555
VIII-12 Total revenueRelated to mission $20,386,959 · Excluded from tax $50,555$22,497,274
Part IX · Statement of functional expenses $27,369,921 across 17 lines filed
IX-7 Other salaries and wagesPrograms $7,176,559$7,176,559
IX-8 Pension plan contributionsPrograms $124,574$124,574
IX-9 Other employee benefitsPrograms $675,516$675,516
IX-10 Payroll taxesPrograms $519,501$519,501
IX-11a Management feesManagement $360,000$360,000
IX-11b Legal feesPrograms $10,205$10,205
IX-11c Accounting feesPrograms $119,575$119,575
IX-11g Other fees for servicesPrograms $37,702$37,702
IX-12 Advertising and promotionPrograms $62,663$62,663
IX-13 Office expensesPrograms $66,468$66,468
IX-14 Information technologyManagement $487,620$487,620
IX-16 OccupancyPrograms $919,627$919,627
IX-20 InterestPrograms $7,863,820$7,863,820
IX-22 Depreciation, depletion and amortizationPrograms $3,867,017$3,867,017
IX-23 InsurancePrograms $489,311$489,311
IX-24 Other expenses (24a–d)Programs $2,558,501$2,558,501
IX-24e All other expensesPrograms $2,031,262$2,031,262
IX-25 Total functional expensesPrograms $26,522,301 · Management $847,620 · Fundraising $0$27,369,921
Part X · Balance sheet $130,209,794 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,114,851$2,254,691
X-4 Accounts receivableStart of year $1,562,778$1,120,728
X-9 Prepaid expenses and deferred chargesStart of year $163,589$140,112
X-10c Land, buildings and equipment, netStart of year $112,574,949$109,969,328
X-14 Intangible assetsStart of year $2,470,389$2,565,669
X-15 Other assetsStart of year $15,091,383$14,159,266
X-16 Total assetsStart of year $134,977,939$130,209,794
X-17 Accounts payable and accrued expensesStart of year $3,985,237$4,142,660
X-19 Deferred revenueStart of year $81,339,548$81,285,626
X-20 Tax-exempt bond liabilitiesStart of year $141,106,642$141,106,642
X-25 Other liabilitiesStart of year $7,641,324$3,714,185
X-26 Total liabilitiesStart of year $234,072,751$230,249,113
X-27 Net assets without donor restrictionsStart of year −$99,094,812−$100,039,319
X-32 Total net assets or fund balancesStart of year −$99,094,812−$100,039,319
X-33 Total liabilities and net assetsStart of year $134,977,939$130,209,794
Part XI · Reconciliation of net assets −$100,039,319 net assets at year end
XI-1 Total revenue$22,497,274
XI-2 Total expenses$27,369,921
XI-3 Revenue less expenses−$4,872,647
XI-4 Net assets at start of year−$99,094,812
XI-5 Net unrealized gains (losses) on investments−$21,781
XI-8 Prior period adjustments$16,436
XI-9 Other changes in net assets$3,933,485
XI-10 Net assets at end of year−$100,039,319

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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