Clark-lindsey Village Inc

Nonprofit profile at a glance

EIN
371017284
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Urbana, IL, USA
Phone
2173442144
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$22,845,889
Expenses
$18,539,038
Assets
$23,196,461
Liabilities
$34,084,832

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • DEBRA S REARDANZ (PRESIDENT / CEO)

Highest reported compensation

  • DEBRA S REARDANZ (PRESIDENT / CEO): $332,153 total reported compensation
  • CRYSTAL BAILEY (CFO & VP OF FINANCE): $194,919 total reported compensation
  • RIKKI BRADY (VP OF HEALTH SERVICES): $163,236 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide housing and healthcare facilities/services for elderly persons on a non-profit basis, without regard to race, religion, sex, creed or national origin.

What it reported doing in 2024

All of clark-lindseys buildings are located on a single site comprised of 27 acres adjacent to meadowbrook park and the university of Illinois. Independent living options for people age 62 and over include 131 apartments and 24 villa units. Residents can purchase a life plan residency contract, which guarantees them residency in the apartments or villas and access to the health center for life. Professional nursing staff is on duty 24 hours a day. Skilled care consists of 49 licensed beds. 24 of the 49 skilled nursing beds were provided for in a green house, a small home-like setting with professional nursing staff on duty 24 hours a day. The meadowbrook health center housed the remaining 25 skilled nursing beds, 14 are which are medicare certified. In march 2024, a new 64-unit assisted living and memory care building opened with 38 units and 26 units, respectively. Professional nursing staff is on duty 24 hours a day. In addition to residency and in-patient services, clark-lindsey provides outpatient therapy including physical, occupational and speech.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program 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.

The verdict

SUPPORTED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 60
  • Accountability: 91
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.9%; rating input score 59
  • Program expense ratio: 71%; rating input score 71
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.9%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.25; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 1.47; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 14th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 0.3% per year; rating input score 100; 11th percentile among comparable filings

Details

  • Where the money goes: 58.9% of revenue deployed · 71% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $13.2M in reported program spending
  • Leadership: top reported pay $332K · 20 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2M reported
  • Consistency: 31 of 31 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: 6 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 — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.