philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Fmh Foundation FY2021 filing

Tax-deductible

Northbrook, IL501(c)(3)Since 1948Housing EIN 36-2129183Revenue $7.2M in FY2021

On file with the IRS666 Dundee Rd Ste 707, 60062-2734 · Northbrook, ILTax-exempt since Sep 1950Hospital or medical research org — 170(b)(1)(A)(iii)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Provide retirement housing for low income and disabled elderly.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$1.1M 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

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $1.6M a year · 26% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Plus $24.9M in investments, Pt X · Ln 11–13
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17.6M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.2M
+20% vs prior year
Spent
$4.8M
To programs
62%
Net assets
$18.5M
By yearFY2020–FY2024
Revenue
$7.2M
FY2021▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.0M
FY2021$7.2M
FY2022$5.6M
FY2023$5.1M
FY2024$6.4M
Expenses
$4.8M
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.7M
FY2021$4.8M
FY2022$5.0M
FY2023$3.8M
FY2024$4.0M
Net assets
$18.5M
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.4M
FY2021$18.5M
FY2022$14.0M
FY2023$18.7M
FY2024$23.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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 Sep 1950.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $3.0M Management & general 38% · $1.8M

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
$508,000Pt VII · Sec A
Linda Hirshman
Former Director
$156,000Pt VII · Sec A
Janet Meyer
Accounting Manager
$118,699Pt VII · Sec A
Alan Caplan
Director/Treasurer/Secreta
$88,520Pt VII · Sec A
Margot Ettlinger
Director/Vice President
$79,928Pt VII · Sec A
Elyse Forkosh Cutler
Director/Vice President
$76,500Pt VII · Sec A
Lisa Yastrow
JR Director/Asst Secretary
$53,475Pt VII · Sec A
Jodi Steinberg
JR Director/Asst Secretary
$39,300Pt VII · Sec A

Margot Ettlinger’s $178K as Director/Chair is at the 81st percentile of top reported officer pay among 2036 $1–10M housing 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
Jill Steinberg—$450,000$570,500$508,000$364,654
Allan Steinberg————$193,539
Margot Ettlinger$177,667$91,666$98,788$79,928$75,539
Elyse Forkosh Cutler$177,667$91,666$89,000$76,500$75,539
Linda Hirshman—$130,000$156,000$156,000—
Janet Meyer$142,316$130,477$123,031$118,699$118,391
Alan Caplan——$25,000$88,520$86,252
Lisa Yastrow——$57,850$53,475$51,923

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 Fmh Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for low-income and disabled seniors.

Questions for Fmh Foundation

Tap to ask. Fmh Foundation sees how many people are interested.

Your first name shows with your question. Fmh Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $3.0M · in their own filed words · FY2021
01

Housing for low-income and disabled elderly

$3.0Mprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.2M
Ln 12
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$2.3M
Other incomeLn 4–11$1.5M
Money outPt IX
$4.8M
Ln 25
Programscol B$3.0M
Managementcol C$1.8M
Owns and owesPt X
$18.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$36.1M
LiabilitiesLn 26$17.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A8
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$2.3M
Other incomeLn 4–11$1.5M
Gains on assetsLn 7$1.9M
Total revenueLn 12$7.2M
Assets in detailPt X, end of year
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$24.9M
Land, buildings, equipmentLn 10c$6.6M
Other assetsLn 15$3.4M
Total assetsLn 16$36.1M
LiabilitiesLn 26$17.6M
Net assetsLn 32$18.5M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$1.3M$1.2M
InvestmentsLn 11–13$21.6M$24.9M
Land, buildings, equipmentLn 10c$7.0M$6.6M
Total assetsLn 16$32.1M$36.1M
LiabilitiesLn 26$17.7M$17.6M
Net assetsLn 32$14.4M$18.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$812K$812K
Other salaries and wagesLn 7$481K$362K$119K
Pension plan contributionsLn 8$129K$129K
Other employee benefitsLn 9$170K$24K$146K
Payroll taxesLn 10$65K$29K$37K
Management feesLn 11a$146K$146K
Legal feesLn 11b$56K$8K$49K
Accounting feesLn 11c$102K$32K$70K
Investment management feesLn 11f$89K$89K
Advertising and promotionLn 12$419$6K−$5K
OccupancyLn 16$35K$35K
TravelLn 17$175$175
InterestLn 20$805K$805K
Depreciation, depletion and amortizationLn 22$769K$758K$11K
InsuranceLn 23$153K$139K$14K
Other expenses (24a–d)Ln 24$916K$603K$313K
All other expensesLn 24e$94K$76K$18K
Total functional expensesLn 25$4.8M$3.0M$1.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.4M$4.0M$2.4M$23.3M 990 PDF
FY2023 $5.1M$3.8M$1.3M$18.7M 990 PDF
FY2022 $5.6M$5.0M$584K$14.0M 990 PDF
FY2021 Viewing $7.2M$4.8M$2.3M$18.5M 990 PDF
FY2020 $6.0M$4.7M$1.3M$14.4M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $7,161,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $93,700$0
I-9 Program service revenuePrior year $3,319,911$3,364,499
I-10 Investment incomePrior year $483,979$2,252,690
I-11 Other revenuePrior year $2,058,106$1,544,541
I-12 Total revenuePrior year $5,955,696$7,161,730
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,765,982$1,657,638
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,917,795$3,165,039
I-18 Total expensesPrior year $4,683,777$4,822,677
I-19 Revenue less expensesPrior year $1,271,919$2,339,053
Part VI · Governance 1 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $7,161,730 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,364,499$3,364,499
VIII-3 Investment incomeExcluded from tax $379,524$379,524
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,873,166$1,873,166
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,544,541$1,544,541
VIII-12 Total revenueRelated to mission $3,364,499 · Unrelated business $0 · Excluded from tax $3,797,231$7,161,730
Part IX · Statement of functional expenses $4,822,677 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $812,481$812,481
IX-7 Other salaries and wagesPrograms $361,838 · Management $119,051$480,889
IX-8 Pension plan contributionsManagement $128,925$128,925
IX-9 Other employee benefitsPrograms $23,632 · Management $146,253$169,885
IX-10 Payroll taxesPrograms $28,594 · Management $36,864$65,458
IX-11a Management feesPrograms $146,277$146,277
IX-11b Legal feesPrograms $7,585 · Management $48,569$56,154
IX-11c Accounting feesPrograms $32,000 · Management $69,903$101,903
IX-11f Investment management feesManagement $88,823$88,823
IX-12 Advertising and promotionPrograms $5,652 · Management −$5,233$419
IX-16 OccupancyManagement $34,886$34,886
IX-17 TravelManagement $175$175
IX-20 InterestPrograms $804,663$804,663
IX-22 Depreciation, depletion and amortizationPrograms $758,145 · Management $10,847$768,992
IX-23 InsurancePrograms $138,856 · Management $13,843$152,699
IX-24 Other expenses (24a–d)Programs $602,595 · Management $313,022$915,617
IX-24e All other expensesPrograms $76,482 · Management $17,949$94,431
IX-25 Total functional expensesPrograms $2,986,319 · Management $1,836,358 · Fundraising $0$4,822,677
Part X · Balance sheet $36,084,710 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,324,946$1,167,205
X-4 Accounts receivableStart of year $13,802$36,182
X-9 Prepaid expenses and deferred chargesStart of year $81,096$92,810
X-10c Land, buildings and equipment, netStart of year $6,982,713$6,570,093
X-11 Publicly traded securitiesStart of year $21,589,090$24,862,496
X-15 Other assetsStart of year $2,152,990$3,355,924
X-16 Total assetsStart of year $32,144,637$36,084,710
X-17 Accounts payable and accrued expensesStart of year $248,780$540,345
X-25 Other liabilitiesStart of year $477,213$363,831
X-26 Total liabilitiesStart of year $17,742,203$17,623,243
X-27 Net assets without donor restrictionsStart of year $14,402,434$18,461,467
X-32 Total net assets or fund balancesStart of year $14,402,434$18,461,467
X-33 Total liabilities and net assetsStart of year $32,144,637$36,084,710
Part XI · Reconciliation of net assets $18,461,467 net assets at year end
XI-1 Total revenue$7,161,730
XI-2 Total expenses$4,822,677
XI-3 Revenue less expenses$2,339,053
XI-4 Net assets at start of year$14,402,434
XI-5 Net unrealized gains (losses) on investments$1,719,980
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,461,467

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.