IRS 990 Nonprofit Profile

Washington And Jane Smith Community - Beverly

The organization has an agreement with smith senior living to oversee and manage its day-to-day operations. the initial term of this agreement was for a period of one (1) year. this agreement renews annually thereafter unless terminated in accordance with other terms and conditions contained therein. furthermore, certain subordination and deferral provisions apply in connection with payment of compensation to smith senior living. under the terms of the agreement, the organization must compensate smith senior living for management services rendered. the agreement also contains a provision to compensate smith senior living for supplemental services it may provide above and beyond those enumerated in the agreement. in addition, the organization must pay smith senior living an additional sum on a monthly basis as reimbursement for smith senior living's overhead expenses related to the organization. expenses incurred by the organization under this agreement were $1,666,569.

Filing year

2024

Total revenue

$26.7M

Total expenses

$27.6M

Program expenses

$25.5M

Administration

$2.1M

Fundraising

$0

Program share of expenses

92%

EIN

362167948

Location

Chicago, IL

WWW.SMITHVILLAGE.ORG