South Franklin Circle

Tax-deductible

Cleveland, OH501(c)(3)Since 2004Human ServicesEIN 25-1924636

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To create a caring community for older adults for connection, engagement and support.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 63 volunteers and 139 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 5
filings with a surplus
Average deficit $2.1M a year · 12% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$502K
to officers and key staff · 2% of spending
Top officer’s pay lower than 79% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $119K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$123.5M
118% of total assets
Concern: liabilities are 118% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20.4M
+1% vs prior year
Spent
$22.0M
To programs
84%
Net assets
−$19.2M
By yearFY2020–FY2024
Revenue
$20.4M
FY2024▲ +1%
Revenue by fiscal year
FY2020$12.2M
FY2021$17.6M
FY2022$17.5M
FY2023$20.2M
FY2024$20.4M
Expenses
$22.0M
FY2024▲ +9%
Expenses by fiscal year
FY2020$18.4M
FY2021$18.3M
FY2022$19.5M
FY2023$20.2M
FY2024$22.0M
Net assets
−$19.2M
FY2024▼ -23%
Net assets by fiscal year
FY2020−$1.4M
FY2021−$2.6M
FY2022−$9.6M
FY2023−$15.5M
FY2024−$19.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

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

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $18.5M Management & general 16% · $3.5M

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

19 people listed on the 990; $502K paid to officers and key staff.

Part VII, Section A · reportable compensation
$152,810Pt VII · Sec A
$135,543Pt VII · Sec A
Sales Director
$121,537Pt VII · Sec A
VP S. Franklin, Thru 7/2024
$89,656Pt VII · Sec A
Executive Director, Beg 12/2024
$2,788Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Catherine Okoko’s $153K as Aide is at the 21st 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joan Riede—$125,456$169,213$219,054$114,130
Lucy Jennings$135,543$154,294———
Catherine Okoko$152,810$130,410$133,300——
Tiffany Cooper$89,656$129,084$123,391$107,323$113,683
Vinessa Easter$121,537————
Tiffany Barnett——$120,245——
Nancy Sutula$2,788————

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.

See South Franklin Circle executive salaries →

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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

Connects, engages, and supports older adults to build a caring community.

Provided by the organization

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1 program · $18.5M · in their own filed words · FY2024
01

Opened in 2009, south franklin circle is a full service retirement community offering independent and assisted living on its campus in chagrin falls, ohio and skilled nursing services at judson, a related 501(c)(3) organization.

$18.5Mprogram 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 · FY2024
JudsonFY2024$8K
Total grants receivedfrom 2 funders$119K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$20.4M
Ln 12
Fees for servicesLn 2g$20.5M
Investment incomeLn 3$375K
Gifts and grantsLn 1h$219K
Money outPt IX
$22.0M
Ln 25
Programscol B$18.5M
Managementcol C$3.5M
Owns and owesPt X
−$19.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$104.3M
LiabilitiesLn 26$123.5M
PeoplePt VI, VII
19
listed · VII A
PaidVII A5
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$219K
Fees for servicesLn 2g$20.5M
Investment incomeLn 3$375K
Gains on assetsLn 7−$735K
Total revenueLn 12$20.4M
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$4.3M
Cash and savings togetherLn 1–2$4.4M
InvestmentsLn 11–13$685K
Land, buildings, equipmentLn 10c$95.5M
Other assetsLn 15$2.5M
Total assetsLn 16$104.3M
LiabilitiesLn 26$123.5M
Net assetsLn 32−$19.2M
OperationsPt I, VI
EmployeesI 5139
VolunteersI 663
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 FY24End FY24
Cash and savingsLn 1–2$5.0M$4.4M
InvestmentsLn 11–13$1.7M$685K
Land, buildings, equipmentLn 10c$98.9M$95.5M
Total assetsLn 16$109.4M$104.3M
LiabilitiesLn 26$125.0M$123.5M
Net assetsLn 32−$15.5M−$19.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$104K$104K
Other salaries and wagesLn 7$4.6M$4.1M$503K
Pension plan contributionsLn 8$77K$70K$7K
Other employee benefitsLn 9$350K$314K$36K
Payroll taxesLn 10$417K$365K$52K
Management feesLn 11a$1.7M$1.7M
Other fees for servicesLn 11g$71K$65K$5K
Advertising and promotionLn 12$272K$272K
Office expensesLn 13$367K$323K$45K
Information technologyLn 14$129K$82K$48K
OccupancyLn 16$2.4M$2.4M$10K
TravelLn 17$5K$3K$2K
Conferences, conventions and meetingsLn 19$9K$6K$3K
InterestLn 20$1.9M$1.9M$9K
Depreciation, depletion and amortizationLn 22$5.1M$5.0M$20K
InsuranceLn 23$325K$325K
Other expenses (24a–d)Ln 24$4.0M$3.7M$314K
All other expensesLn 24e$191K$179K$11K
Total functional expensesLn 25$22.0M$18.5M$3.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $20.4M$22.0M−$1.6M−$19.2M 990 PDF
FY2023 $20.2M$20.2M$25K−$15.5M 990 PDF
FY2022 $17.5M$19.5M−$1.9M−$9.6M 990 PDF
FY2021 $17.6M$18.3M−$689K−$2.6M 990 PDF
FY2020 $12.2M$18.4M−$6.3M−$1.4M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $20,439,291 across 8 lines filed
VIII-1d Related organizations$118,756
VIII-1f All other contributions, gifts and grants$100,241
VIII-1h Total contributions, gifts and grants$218,997
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,498,915$20,498,915
VIII-3 Investment incomeExcluded from tax $374,656$374,656
VIII-7 Net gain or loss on sales of assetsRelated to mission −$734,565−$734,565
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $81,288$81,288
VIII-12 Total revenueRelated to mission $19,845,638 · Unrelated business $0 · Excluded from tax $374,656$20,439,291
Part IX · Statement of functional expenses $21,999,809 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $104,473$104,473
IX-7 Other salaries and wagesPrograms $4,083,261 · Management $502,736$4,585,997
IX-8 Pension plan contributionsPrograms $70,104 · Management $7,261$77,365
IX-9 Other employee benefitsPrograms $314,175 · Management $35,873$350,048
IX-10 Payroll taxesPrograms $364,931 · Management $52,386$417,317
IX-11a Management feesManagement $1,689,500$1,689,500
IX-11g Other fees for servicesPrograms $65,104 · Management $5,454$70,558
IX-12 Advertising and promotionManagement $271,893$271,893
IX-13 Office expensesPrograms $322,650 · Management $44,792$367,442
IX-14 Information technologyPrograms $81,719 · Management $47,642$129,361
IX-16 OccupancyPrograms $2,433,727 · Management $10,293$2,444,020
IX-17 TravelPrograms $3,471 · Management $2,023$5,494
IX-19 Conferences, conventions and meetingsPrograms $5,503 · Management $3,209$8,712
IX-20 InterestPrograms $1,906,568 · Management $9,027$1,915,595
IX-22 Depreciation, depletion and amortizationPrograms $5,038,924 · Management $20,232$5,059,156
IX-23 InsuranceManagement $325,157$325,157
IX-24 Other expenses (24a–d)Programs $3,673,650 · Management $313,550$3,987,200
IX-24e All other expensesPrograms $179,239 · Management $11,282$190,521
IX-25 Total functional expensesPrograms $18,543,026 · Management $3,456,783 · Fundraising $0$21,999,809
Part X · Balance sheet $104,319,969 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,514$52,354
X-2 Savings and temporary cash investmentsStart of year $4,953,623$4,313,990
X-3 Pledges and grants receivableStart of year $479,009$270,748
X-4 Accounts receivableStart of year $913,505$888,258
X-8 Inventories for sale or useStart of year $43,215$52,411
X-9 Prepaid expenses and deferred chargesStart of year $48,976$45,108
X-10c Land, buildings and equipment, netStart of year $98,911,934$95,474,239
X-12 Other securitiesStart of year $1,723,297$684,683
X-15 Other assetsStart of year $2,354,827$2,538,178
X-16 Total assetsStart of year $109,430,900$104,319,969
X-17 Accounts payable and accrued expensesStart of year $8,816,228$10,191,606
X-19 Deferred revenueStart of year $14,565,926$17,010,724
X-25 Other liabilitiesStart of year $71,091,149$66,963,223
X-26 Total liabilitiesStart of year $124,951,509$123,474,501
X-27 Net assets without donor restrictionsStart of year −$16,413,175−$20,097,341
X-28 Net assets with donor restrictionsStart of year $892,566$942,809
X-32 Total net assets or fund balancesStart of year −$15,520,609−$19,154,532
X-33 Total liabilities and net assetsStart of year $109,430,900$104,319,969
Part XI · Reconciliation of net assets −$19,154,532 net assets at year end
XI-1 Total revenue$20,439,291
XI-2 Total expenses$21,999,809
XI-3 Revenue less expenses−$1,560,518
XI-4 Net assets at start of year−$15,520,609
XI-5 Net unrealized gains (losses) on investments−$3,828
XI-9 Other changes in net assets−$2,069,577
XI-10 Net assets at end of year−$19,154,532

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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