Lindsey Management Services INC

Tax-deductible

Urbana, IL501(c)(3)HousingEIN 86-1970355Revenue $1.2M in FY2024

On file with the IRSclarklindsey.com101 W Windsor Rd, 61802-6663 · Urbana, ILTax-exempt since Sep 2021Publicly supported — 509(a)(2)

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To provide housing and healthcare facilities/Services for elderly persons

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 4 volunteers and 7 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
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$820K
to officers and key staff · 70% of spending
Top officer’s pay higher than 97% of similar orgs
Concern: pay to officers and key staff is 70% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$212K
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.2M
To programs
71%
Net assets
$18K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $834K Management & general 29% · $344K

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

9 people listed on the 990; $820K paid to officers and key staff.

Part VII, Section A · reportable compensation
President / CEO
$315,572Pt VII · Sec A
CFO & VP of Finance
$181,395Pt VII · Sec A
VP of Strategy and Innovation
$141,951Pt VII · Sec A
COO/ VP of Operations
$105,263Pt VII · Sec A
COO/VP of People and Culture
$76,069Pt VII · Sec A
Secretary/Asst Treasurer
$0Pt VII · Sec A
Treasurer/ Asst Secretary
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A

Debra S Reardanz’s $316K as President / CEO is at the 97th 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.

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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 15aNo

Programs and updates

Offers housing and healthcare services for elderly individuals.

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Provided by the organization

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1 program · $834K · in their own filed words · FY2024
01

This organization works with clark-lindsey village, which operates in collaboration with lindsey communities, inc., and clark-lindsey holdings, inc. The organization pays the compensation of officers and other leadership that provide services to related exempt organizations.

$834Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Money outPt IX
$1.2M
Ln 25
Programscol B$834K
Managementcol C$344K
Owns and owesPt X
$18K
net assets · Ln 32
Cash and savingsLn 1–2$198K
Total assetsLn 16$230K
LiabilitiesLn 26$212K
PeoplePt VI, VII
9
listed · VII A
PaidVII A5
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$198K
Cash and savings togetherLn 1–2$198K
Other assetsLn 15$32K
Total assetsLn 16$230K
LiabilitiesLn 26$212K
Net assetsLn 32$18K
OperationsPt I, VI
EmployeesI 57
VolunteersI 64
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$86K$198K
Total assetsLn 16$1.2M$230K
LiabilitiesLn 26$1.1M$212K
Net assetsLn 32$16K$18K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$715K$507K$208K
Other salaries and wagesLn 7$373K$264K$108K
Pension plan contributionsLn 8$6K$4K$2K
Other employee benefitsLn 9$17K$12K$5K
Payroll taxesLn 10$65K$46K$19K
Legal feesLn 11b$325$325
Accounting feesLn 11c$646$646
Office expensesLn 13$465$465
Information technologyLn 14$779$779
Total functional expensesLn 25$1.2M$834K$344K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$1.2M$2K$18K 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 (6 parts)
Part I · Summary $1,179,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$1,179,212
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $17,531$0
I-12 Total revenuePrior year $17,531$1,179,212
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 $0$1,175,458
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $929$2,215
I-18 Total expensesPrior year $929$1,177,673
I-19 Revenue less expensesPrior year $16,602$1,539
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,179,212 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,179,212$1,179,212
VIII-12 Total revenueRelated to mission $1,179,212 · Unrelated business $0 · Excluded from tax $0$1,179,212
Part IX · Statement of functional expenses $1,177,673 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $507,133 · Management $208,034$715,167
IX-7 Other salaries and wagesPrograms $264,145 · Management $108,356$372,501
IX-8 Pension plan contributionsPrograms $4,076 · Management $1,672$5,748
IX-9 Other employee benefitsPrograms $11,819 · Management $4,849$16,668
IX-10 Payroll taxesPrograms $46,357 · Management $19,017$65,374
IX-11b Legal feesManagement $325$325
IX-11c Accounting feesManagement $646$646
IX-13 Office expensesManagement $465$465
IX-14 Information technologyManagement $779$779
IX-25 Total functional expensesPrograms $833,530 · Management $344,143 · Fundraising $0$1,177,673
Part X · Balance sheet $230,122 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $86,359$197,957
X-15 Other assetsStart of year $1,065,944$32,165
X-16 Total assetsStart of year $1,152,303$230,122
X-17 Accounts payable and accrued expensesStart of year $89,633$196,507
X-25 Other liabilitiesStart of year $1,046,441$15,847
X-26 Total liabilitiesStart of year $1,136,074$212,354
X-27 Net assets without donor restrictionsStart of year $16,229$17,768
X-32 Total net assets or fund balancesStart of year $16,229$17,768
X-33 Total liabilities and net assetsStart of year $1,152,303$230,122
Part XI · Reconciliation of net assets $17,768 net assets at year end
XI-1 Total revenue$1,179,212
XI-2 Total expenses$1,177,673
XI-3 Revenue less expenses$1,539
XI-4 Net assets at start of year$16,229
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,768

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

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