Civic Intelligence

Norwood Life Care Foundation- B

990 • Fiscal year 2016 • EIN 36-3558526

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

Organization ProfileWWW.BETHESDAseniorcare.org
2833 N Nordica AvenueChicago, IL 60634

(773) 622-6144

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

1st percentile

-436%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

13th percentile

-25%

Faster revenue growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$3,118,913

Down $1,393,493 (-31%) from 2015

Net Assets

Down

$3,118,913

Down $1,393,493 (-31%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin1st percentile

Revenue

Down

$304,633

Down $103,063 (-25%) from 2015

Expenses

Up

$1,632,299

Up $695,547 (+74%) from 2015

Net Income

Down

-$1,327,666

Down $798,610 (-151%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $5,690,445Liabilities 2010: $0Net Assets 2010: $5,690,4452010Assets 2011: $5,241,301Liabilities 2011: $0Net Assets 2011: $5,241,3012011Assets 2012: $5,208,719Liabilities 2012: $0Net Assets 2012: $5,208,7192012Assets 2013: $5,643,538Liabilities 2013: $0Net Assets 2013: $5,643,5382013Assets 2014: $5,370,722Liabilities 2014: $0Net Assets 2014: $5,370,7222014Assets 2015: $4,512,406Liabilities 2015: $0Net Assets 2015: $4,512,4062015Assets 2016: $3,118,913Liabilities 2016: $0Net Assets 2016: $3,118,9132016Assets 2018: $21,523,291Liabilities 2018: $23,429Net Assets 2018: $21,499,8622018Assets 2019: $22,437,124Liabilities 2019: $49,378Net Assets 2019: $22,387,7462019Assets 2020: $22,135,770Liabilities 2020: $62,815Net Assets 2020: $22,072,9552020Assets 2021: $22,162,712Liabilities 2021: $193,598Net Assets 2021: $21,969,1142021Assets 2022: $21,122,899Liabilities 2022: $2,447,675Net Assets 2022: $18,675,2242022Assets 2023: $19,210,726Liabilities 2023: $21,400Net Assets 2023: $19,189,3262023Assets 2024: $16,572,547Liabilities 2024: $140,663Net Assets 2024: $16,431,8842024

Highlighted filing

2016

Assets$3,118,913
Liabilities$0
Net Assets$3,118,913
Open 2016 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $415,1812010Expenses 2011: $430,6462011Expenses 2012: $429,3152012Revenue 2013: $792,326Expenses 2013: $739,039Net Income 2013: $53,2872013Revenue 2014: $447,298Expenses 2014: $691,688Net Income 2014: -$244,3902014Revenue 2015: $407,696Expenses 2015: $936,752Net Income 2015: -$529,0562015Revenue 2016: $304,633Expenses 2016: $1,632,299Net Income 2016: -$1,327,6662016Revenue 2018: $954,489Expenses 2018: $146,327Net Income 2018: $808,1622018Revenue 2019: $902,221Expenses 2019: $357,943Net Income 2019: $544,2782019Revenue 2020: $1,008,268Expenses 2020: $390,564Net Income 2020: $617,7042020Revenue 2021: $1,060,669Expenses 2021: $312,595Net Income 2021: $748,0742021Revenue 2022: $875,451Expenses 2022: $435,790Net Income 2022: $439,6612022Revenue 2023: $840,635Expenses 2023: $392,996Net Income 2023: $447,6392023Revenue 2024: $968,000Expenses 2024: $378,589Net Income 2024: $589,4112024

Highlighted filing

2016

Revenue$304,633
Expenses$1,632,299
Net Income-$1,327,666
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.1
Gross Receipts
$2,685,799
Mission and Program Overview

Mission

The purpose of the norwood life care foundation is to manage fundraising and investment for the following related not for profit organizations: norwood crossing association, norwood seniors network association, norwood life society, norwegian lutheran bethesda home association, and the norwood park satellite seniors center. These organizations provide services to area seniors in two long term care facilities with a total of 266 licensed beds and 55 assisted living units. In 2021, 35% of the residents at these facilities received free or subsidized care.

The purpose of the bethesda foundation is to provide exclusive support for the norweigian lutheran bethesda home association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,361,482$3,044,024▼ $1,317,458
Cash and Non-Interest-Bearing Accounts$143,452$70,055▼ $73,397
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,512,406$3,118,913▼ $1,393,493
Other Assets Total$7,472$4,834▼ $2,638
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$4,512,406$3,118,913▼ $1,393,493
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,512,406$3,118,913▼ $1,393,493
Total Liabilities and Net Assets / Fund Balance$4,512,406$3,118,913▼ $1,393,493
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
John KambanisChairman Until 4-26-2016
Jim McclanahanVice Chairman
David HoyemDirector
John StoddenDirector
Amy HendricksenSecretary Until 4-26-2016
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$304,633
Other Revenue
$0
Change in Net Assets
$-1,327,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,600,000
Other Expenses$32,299
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,600,000--$1,600,000
Fees for Service Investment Mgmnt Fees-$32,299-$32,299
Total Functional Expenses$1,600,000$32,299$0$1,632,299
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Norwegian Lutheran Bethesda HomeChicago, IL501(c)(3)Contributed Allocation$1,600,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

“The return is prepared by the auditing firm. The cfo reviews the forms and discusses with the ceo. The cfo then emails the form 990 to the members of the finance committee, which consists of the board chairperson, vice chairperson, and one director for further discussion and comment before filing. The ceo and cfo then sign and file the returns.”

FORM 990, PART VI, SECTION B, LINE 12C:

“All board members complete the conflict of interest statement annually. There are no business relations with any board members.”

FORM 990, PART VI, SECTION B, LINE 15:

“Executive committee evaluates and approves salary/bonus to ceo. Ceo reviews all other directors.”

FORM 990, PART VI, SECTION C, LINE 19:

“Any requests are evaluated and determined on a case by case basis.”

Filing and Contact Details

Filer

Filer Name
Bethesda Foundation
EIN
36-3558526
In Care Of
% RICH LANIS
Phone
7736226144
Address
2833 N Nordica Avenue, Chicago, IL 60634

Signing Officer

Name
Julie Boggess
Title
Chief Exec.officer
Phone
7736226144
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Boggess
Formed
1987
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Bkd Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Keith A Friedlein
Phone
6302829500
Supplemental Narrative

Additional Explanations

FORM 990, PART 1, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“Lutheran bethesda home association, a tax-exempt charitable nursing home, and to be a repository for and to invest and manage assets for the benefit of the association.”

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

“Unrealized gain/loss -65,827”

Financial Statement Notes

PART X, LINE 2:

“The Group has been recognized as exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Group is subject to federal income tax on any unrelated business taxable income. The Group files tax returns in the U.S. federal jurisdiction.”

Raw XML AppendixShowing 400 of 454 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Group has been recognized as exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Group is subject to federal income tax on any unrelated business taxable income. The Group files tax returns in the U.S. federal jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalLiabilityAmt00
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IRS990ScheduleI/RecipientTable/RecipientEIN0362167819
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060634
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0INVESTMENT DECISIONS ARE HANDLED BY THE FINANCE COMMITTEE WHICH SETS GOALS FOR MEYRILL LYNCH. THE FUNDS ARE ALL UNRESTRICTED AND AVAILABLE TO THE ASSOCIATION WITH FINANCE COMMITTEE AND BOARD OF DIRECTOR APPROVAL. THE ORGANIZATION ALSO HAS A COMPREHENSIVE INVESTMENT POLICY IN PLACE TO HELP ENSURE THE LONG TERM SAFE GUARDING OF ASSETS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Description of Procedure for Monitoring Use of Funds
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LUTHERAN BETHESDA HOME ASSOCIATION, A TAX-EXEMPT CHARITABLE NURSING HOME, AND TO BE A REPOSITORY FOR AND TO INVEST AND MANAGE ASSETS FOR THE BENEFIT OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED BY THE AUDITING FIRM. THE CFO REVIEWS THE FORMS AND DISCUSSES WITH THE CEO. THE CFO THEN EMAILS THE FORM 990 TO THE MEMBERS OF THE FINANCE COMMITTEE, WHICH CONSISTS OF THE BOARD CHAIRPERSON, VICE CHAIRPERSON, AND ONE DIRECTOR FOR FURTHER DISCUSSION AND COMMENT BEFORE FILING. THE CEO AND CFO THEN SIGN AND FILE THE RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS COMPLETE THE CONFLICT OF INTEREST STATEMENT ANNUALLY. THERE ARE NO BUSINESS RELATIONS WITH ANY BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE COMMITTEE EVALUATES AND APPROVES SALARY/BONUS TO CEO. CEO REVIEWS ALL OTHER DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY REQUESTS ARE EVALUATED AND DETERMINED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED GAIN/LOSS -65,827
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 1, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:
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IRS990/TerminateOperationsInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,118,913
Liabilities
$0
Net assets
$3,118,913
Revenue
$304,633
Expenses
$1,632,299
Net income
-$1,327,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$0.14$16.4$0.97$0.38$0.59
2023Detailed filing. Detailed filing data is available for this year.$19.2$0.02$19.2$0.84$0.39$0.45
2022Detailed filing. Detailed filing data is available for this year.$21.1$2.45$18.7$0.88$0.44$0.44
2021Detailed filing. Detailed filing data is available for this year.$22.2$0.19$22.0$1.06$0.31$0.75
2020Detailed filing. Detailed filing data is available for this year.$22.1$0.06$22.1$1.01$0.39$0.62
2019Detailed filing. Detailed filing data is available for this year.$22.4$0.05$22.4$0.90$0.36$0.54
2018Detailed filing. Detailed filing data is available for this year.$21.5$0.02$21.5$0.95$0.15$0.81
2016Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$0.30$1.63$1.33
2015Detailed filing. Detailed filing data is available for this year.$4.51$0.00$4.51$0.41$0.94$0.53
2014Detailed filing. Detailed filing data is available for this year.$5.37$0.00$5.37$0.45$0.69$0.24
2013Detailed filing. Detailed filing data is available for this year.$5.64$0.00$5.64$0.79$0.74$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.21$0.00$5.21$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.24$0.00$5.24$0.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$0.00$5.69$0.42