Westminster Place FY2024 filing

Tax-deductible

Evanston, IL501(c)(3)Since 1904Human ServicesEIN 36-2167832

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Westminster Place, a faith based not for profit, creates vibrant communities for older adults that inspire wellness, independence, joy and security - enriching the lives of residents and their families.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$491K 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.3M a year · 4% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$491K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $4.6M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$139.3M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61.3M
+6% vs prior year
Spent
$59.2M
To programs
87%
Net assets
$45.2M
By yearFY2021–FY2025
Revenue
$61.3M
FY2024▲ +6%
Revenue by fiscal year
FY2021$51.9M
FY2022$52.6M
FY2023$57.8M
FY2024$61.3M
FY2025$61.6M
Expenses
$59.2M
FY2024▲ +6%
Expenses by fiscal year
FY2021$49.5M
FY2022$50.5M
FY2023$55.7M
FY2024$59.2M
FY2025$59.0M
Net assets
$45.2M
FY2024▲ +7%
Net assets by fiscal year
FY2021$28.2M
FY2022$42.7M
FY2023$42.1M
FY2024$45.2M
FY2025$48.4M

From the FY2024 Form 990 (year ending March 2024) · 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: FY2025. IRS ruling in Dec 1940.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $51.7M Management & general 13% · $7.5M

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

27 people listed on the 990; $491K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$271,758Pt VII · Sec A
Medical Director
$218,900Pt VII · Sec A
Director /Treasurer
$0Pt VII · Sec A
Director /Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director - Thru 11/2023
$0Pt VII · Sec A

William Casper’s $216K as Executive Director (thru. 10/24) is at the 52nd 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
William Casper$216,201$271,758$219,949$182,202—
Andrew Reese-Clauson————$239,758
Peter L Jaggard————$237,523
Peter Jaggard$213,126$218,900$212,620$226,678—
William E Casper————$173,038
Seth Awes$40,162————

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

Provides faith-based senior living and assisted living services that promote wellness, independence, and daily personal care for older adults and their families.

Provided by the organization

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3 program services account for $51.7M of program spending, described in the organization's own filed words · FY2023.
01

Westminster place health care centers provide intermediate and skilled nursing for both short and long term stays. Respite, rehabilitation, and programs to care for those with alzheimer's disease and other cognitive impairments are also available.

$23.7Mprogram expense
02

Westminster place is a not-for-profit independent living, life plan community (formerly known as continuing care retirement community). Independent living facility in westminster place consists of 236 apartments, townhouses and cottages.

$19.0Mprogram expense
03

The assisted living facility at westminster place provides assisted living for older adults who needed assistance with personal care and daily activities. It consists of 93 studio, one and two-bedroom apartments. During the filling year, westminster place assisted living facility served 123 residents.

$8.9Mprogram expense

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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
Total grants receivedfrom 3 funders$4.6M
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$61.3M
Ln 12
Fees for servicesLn 2g$55.2M
Investment incomeLn 3$3.2M
Gifts and grantsLn 1h$2.8M
Money outPt IX
$59.2M
Ln 25
Programscol B$51.7M
Managementcol C$7.5M
Owns and owesPt X
$45.2M
net assets · Ln 32
Cash and savingsLn 1–2$41.0M
Total assetsLn 16$184.5M
LiabilitiesLn 26$139.3M
PeoplePt VI, VII
27
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Government grantsLn 1e$247K
Fees for servicesLn 2g$55.2M
Investment incomeLn 3$3.2M
Other incomeLn 4–11$189K
Gains on assetsLn 7$730K
Total revenueLn 12$61.3M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$38.1M
Cash and savings togetherLn 1–2$41.0M
InvestmentsLn 11–13$23.9M
Land, buildings, equipmentLn 10c$115.7M
Other assetsLn 15$1.4M
Total assetsLn 16$184.5M
LiabilitiesLn 26$139.3M
Net assetsLn 32$45.2M
OperationsPt I, VI
EmployeesI 5539
VolunteersI 6232
Fiscal year endsHeaderMarch
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$37.0M$41.0M
InvestmentsLn 11–13$20.4M$23.9M
Land, buildings, equipmentLn 10c$116.5M$115.7M
Total assetsLn 16$184.0M$184.5M
LiabilitiesLn 26$141.9M$139.3M
Net assetsLn 32$42.1M$45.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$267K$267K
Other salaries and wagesLn 7$21.3M$20.1M$1.2M
Pension plan contributionsLn 8$886K$853K$33K
Other employee benefitsLn 9$2.4M$2.3M$176K
Payroll taxesLn 10$1.6M$1.5M$68K
Management feesLn 11a$3.9M$3.9M
Legal feesLn 11b$153K$153K
Accounting feesLn 11c$27K$27K
Investment management feesLn 11f$21K$21K
Other fees for servicesLn 11g$4.8M$4.5M$322K
Advertising and promotionLn 12$786K$786K
Office expensesLn 13$162K$140K$22K
Information technologyLn 14$758K$388K$371K
TravelLn 17$517$301$216
InterestLn 20$1.5M$1.5M$31K
Depreciation, depletion and amortizationLn 22$12.2M$12.2M
InsuranceLn 23$784K$784K
Other expenses (24a–d)Ln 24$7.0M$7.0M$18K
All other expensesLn 24e$600K$453K$147K
Total functional expensesLn 25$59.2M$51.7M$7.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $61.6M$59.0M$2.6M$48.4M 990 PDF
FY2024 Viewing $61.3M$59.2M$2.2M$45.2M 990 PDF
FY2023 $57.8M$55.7M$2.0M$42.1M 990 PDF
FY2022 $52.6M$50.5M$2.1M$42.7M 990 PDF
FY2021 $51.9M$49.5M$2.4M$28.2M 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 $61,327,855 across 9 lines filed
Lines not itemized here account for $21,697 of total revenue; see the IRS return.
VIII-1d Related organizations$2,526,727
VIII-1e Government grants$246,879
VIII-1h Total contributions, gifts and grants$2,773,606
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,164,435$55,164,435
VIII-3 Investment incomeExcluded from tax $2,471,446$2,471,446
VIII-6 Net rental income or lossExcluded from tax $52,591$52,591
VIII-7 Net gain or loss on sales of assetsExcluded from tax $729,713$729,713
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $114,367$114,367
VIII-12 Total revenueRelated to mission $55,164,435 · Unrelated business $0 · Excluded from tax $3,389,814$61,327,855
Part IX · Statement of functional expenses $59,177,233 across 19 lines filed
IX-5 Pay of current officers, directors and key staffManagement $266,679$266,679
IX-7 Other salaries and wagesPrograms $20,143,085 · Management $1,157,752$21,300,837
IX-8 Pension plan contributionsPrograms $852,923 · Management $32,797$885,720
IX-9 Other employee benefitsPrograms $2,256,466 · Management $175,618$2,432,084
IX-10 Payroll taxesPrograms $1,485,222 · Management $68,317$1,553,539
IX-11a Management feesManagement $3,927,324$3,927,324
IX-11b Legal feesManagement $152,885$152,885
IX-11c Accounting feesManagement $27,085$27,085
IX-11f Investment management feesManagement $21,464$21,464
IX-11g Other fees for servicesPrograms $4,506,668 · Management $322,470$4,829,138
IX-12 Advertising and promotionManagement $785,780$785,780
IX-13 Office expensesPrograms $140,342 · Management $21,996$162,338
IX-14 Information technologyPrograms $387,695 · Management $370,800$758,495
IX-17 TravelPrograms $301 · Management $216$517
IX-20 InterestPrograms $1,471,384 · Management $30,571$1,501,955
IX-22 Depreciation, depletion and amortizationPrograms $12,199,631$12,199,631
IX-23 InsurancePrograms $783,997$783,997
IX-24 Other expenses (24a–d)Programs $6,969,564 · Management $18,232$6,987,796
IX-24e All other expensesPrograms $453,227 · Management $146,742$599,969
IX-25 Total functional expensesPrograms $51,650,505 · Management $7,526,728 · Fundraising $0$59,177,233
Part X · Balance sheet $184,476,019 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $6,247,632$2,883,025
X-2 Savings and temporary cash investmentsStart of year $30,796,120$38,129,185
X-4 Accounts receivableStart of year $1,270,940$1,576,045
X-9 Prepaid expenses and deferred chargesStart of year $827,339$893,335
X-10c Land, buildings and equipment, netStart of year $116,488,421$115,723,277
X-11 Publicly traded securitiesStart of year $20,381,317$23,910,934
X-15 Other assetsStart of year $7,954,271$1,360,218
X-16 Total assetsStart of year $183,966,040$184,476,019
X-17 Accounts payable and accrued expensesStart of year $12,920,485$9,123,456
X-19 Deferred revenueStart of year $34,098,136$35,846,539
X-20 Tax-exempt bond liabilitiesStart of year $46,548,525$45,352,829
X-25 Other liabilitiesStart of year $48,341,763$48,985,197
X-26 Total liabilitiesStart of year $141,908,909$139,308,021
X-27 Net assets without donor restrictionsStart of year $42,057,131$45,167,998
X-32 Total net assets or fund balancesStart of year $42,057,131$45,167,998
X-33 Total liabilities and net assetsStart of year $183,966,040$184,476,019
Part XI · Reconciliation of net assets $45,167,998 net assets at year end
XI-1 Total revenue$61,327,855
XI-2 Total expenses$59,177,233
XI-3 Revenue less expenses$2,150,622
XI-4 Net assets at start of year$42,057,131
XI-5 Net unrealized gains (losses) on investments$936,689
XI-9 Other changes in net assets$23,556
XI-10 Net assets at end of year$45,167,998

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

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