Mount St Joseph FY2023 filing

Tax-deductible

Lake Zurich, IL501(c)(3)Since 1946EIN 36-2639774

Home for developmentally disabled, developmental training center and programs

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
0 of 4
years in the black
Concern: 4 of the last 4 filings show a deficit.
Pt I · Ln 19 · 4 filings
How much reaches the programs?
87%
of spending
Looks good: 87% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
Do they have reserves?
<1 mo
of spending, in cash
Concern: 0.6 months of spending in cash; under 1 is a concern.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $218K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$4.4M
liabilities
Looks good: debts are 26% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$7.6M
-9% vs prior year
Spent
$10.7M
To programs
87%
Net assets
$12.5M
By yearFY2021–FY2024
Revenue
$7.6M
FY2023▼ -9%
Revenue by fiscal year
FY2021$7.3M
FY2022$8.4M
FY2023$7.6M
FY2024$8.6M
FY2024$10.4M
Expenses
$10.7M
FY2023▼ -3%
Expenses by fiscal year
FY2021$10.1M
FY2022$11.1M
FY2023$10.7M
FY2024$10.6M
FY2024$9.8M
Net assets
$12.5M
FY2023▼ -20%
Net assets by fiscal year
FY2021$18.4M
FY2022$15.7M
FY2023$12.5M
FY2024$10.7M
FY2024$11.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMount St Joseph
EINHdr · item D36-2639774
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1946
Year of formationHdr · item L1946
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLake Zurich, IL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jmtstjoseph.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$9.4M
Management & general13%$1.4M
Total functional expensesLn 25$10.7M

Financial health

Is it on solid ground?

Program efficiency
87%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$17.0M
FY2023▼ -9%
Total assets by fiscal year
FY2021$21.3M
FY2022$18.6M
FY2023$17.0M
FY2024$14.9M
FY2024$13.4M
Total liabilities
$4.4M
FY2023▲ +50%
Total liabilities by fiscal year
FY2021$2.9M
FY2022$2.9M
FY2023$4.4M
FY2024$4.1M
FY2024$2.0M
Revenue less expensesPt I · Ln 19−$3.1M
Total assetsPt X · Ln 16$17.0M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$571K
Total assetsLn 16$17.0M
Total liabilitiesLn 26$4.4M
Total net assetsLn 32$12.5M
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Program service revenue$7.1M · 93%
Contributions & grants$510K · 7%
Program service revenue93%$7.1M
Contributions & grants7%$510K
Investment income$633
Total revenueLn 12$7.6M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $581K · Operating expenses/yr $10.7M
0.6 months
Where the money goes
Program services
Program services $9.4M · Total expenses $10.7M
87%
Management & General
Management & general $1.4M · Total expenses $10.7M
13%
Fundraising
Fundraising $0 · Total expenses $10.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $511K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $510K · Total revenue $7.6M
7%
Government reliance
Government grants — · Total revenue $7.6M
—
Earned-income share
Program service revenue $7.1M · Total revenue $7.6M
93%
Investment reliance
Investment income $633 · Total revenue $7.6M
<0.01%
Program self-sufficiency
Program service revenue $7.1M · Total expenses $10.7M
66%
Growth & trend
Revenue growth (YoY)
This year $7.6M · Prior year $8.4M
-9%
Net-asset trend (YoY)
End of year $12.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.6M · Expenses $10.7M
-41%
Liabilities-to-Assets
Total liabilities — · Total assets $17.0M
—
Net-asset ratio
Net assets $12.5M · Total assets $17.0M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $9K · Total assets (Pt X, ln 16) $17.0M
0.06%
People & payroll
Highest Reported Total Compensation
Individual SR Nancy McLennon · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $10.7M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.1M · Total expenses $10.7M
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Fundraising cost ratio 0%——
Revenue growth -9%——
Accounting fee ratio 0.4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides homes and training programs for adults with developmental disabilities.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $9.4M of program spending, described in the organization's own filed words · FY2022.
01

Residential Services

Providing intermediate care and a complete residential program for developmentally disabled women over 21 years of age. The residential program provides residential care and training in personal care needs for women with intellectual disabilities. It includes medical services by a dedicated nursing staff available 24 hours a day.

$8.1Mprogram expense
02

Developmental Training

The mount ST. Joseph developmental training program provides individualized care for women with development disabilities from the residential program. Activities focus on training in areas other than personal care needs. It is licensed by the department of human services.

$1.2Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$218K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $8.6M$10.6M+13% 990 PDF
FY2023 Viewing $7.6M$10.7M-9% 990 PDF
FY2022 $8.4M$11.1M+14% 990 PDF
FY2021 $7.3M$10.1M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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