Central Baptist Village
Nonprofit profile at a glance
- EIN
- 361952520
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024
- Location
- Norridge, IL, United States
- Phone
- 708-632-9584
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
- Affiliation
- Christianity
Reported finances
- Revenue
- $23,774,533
- Expenses
- $22,395,779
- Assets
- $62,328,263
- Liabilities
- $18,325,863
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- MARY COBAN (PRESIDENT)
- RICH GUSTAFSON (VICE PRESIDENT)
- ANNA-LIISA LACROIX (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ANNA-LIISA LACROIX (CHIEF EXECUTIVE OFFICER): $268,087 total reported compensation
- LORI ALTMAN (CHIEF FINANCIAL OFFICER): $212,091 total reported compensation
- MARY DALTON (CHIEF MARKETING OFFICER): $180,925 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Central Baptist Village’s mission is to serve and celebrate seniors. Founded over a century ago, we are an award-winning, non-profit, rental senior living community providing Assisted Living, Skilled Nursing, Short-Term Rehabilitation, and three tiers of Memory Support. We welcome seniors of all faiths, meeting their specific needs while honoring their individuality, passions, and goals. The following four pillars guide us, residents, and their families along the journey: COMMUNITY.
What it reported doing in 2024
As part of our mission at central baptist village, we pledge to support our residents when they deplete their funds. We have maintained in residence all residents who have become, through no fault of their own, unable to pay their regular charges. Through our own home for life program (made possible by the generous contributions of other churches, charitable organizations, and people who believe in and support the purpose, programs, and mission of our community), we extend a helping hand of charity in the true example of christ. In addition, providing services to our skilled nursing residents under medicaid (9,042 medicaid days in 2024), payments for which do not meet our costs, we further preserve their resources. Outside of skilled nursing, we support residents in our independent and assisted living residences who have a need through our home for life program. In addition, we have forgiven residents' debt, donated cemetery plots, and paid for funerals and memorial services in our chapel. Central baptist village also extends its charity to the local community at large. Cbv hosts the seniors assistance center volunteer luncheons, and provides complimentary health screening and presentations for area older adults. Additionally, certain central baptist village educational programs assist our local community to learn and manage a myriad of relevant topics on successful aging. Examples of those programs are aging care connections benefits fair, total memory workout, memory screening day, health care decisions day, and annualsenior health and fitness day. We support many schools with their cna training programs, internship placement services, and professional continuing educational seminars, which provide a comprehensive educational experience for individuals seeking to work in the gerontology field. We offer stimulating inter-generational programming to encourage mutual learning, mentoring, and entertainment and to enhance the quality of life for all participants. These examples do not capture all of our activities, but they give a picture of our charitable and religious mission. The purpose of all of our activities is to carry forward that mission.
Operating model
- Revenue model
- Other-operating. 92% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.4%; rating input score 71
- Program expense ratio: 73.6%; rating input score 74
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.8%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 2.78; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 5.9%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 11th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 71.4% of revenue deployed · 73.6% of spending went to programs
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $16.5M in reported program spending
- Leadership: top reported pay $268K · 20 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $2.5M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 56/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.