Lifelink Housing Corporation C/o Embrace Living Communities
Nonprofit profile at a glance
- EIN
- 362915770
- IRS 990 coverage
- 2020–2022
- Forms available
- Form 990 2022, Form 990-EZ 2009
- Location
- Oak Brook, IL, USA
- Phone
- 6305218701
- Rating confidence
- Limited
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- RALPH GAINES (INTERIM CHAIR PRESIDENT & CEO)
- GREG WATSON (VICE PRESIDENT OF OPERATIONS)
Highest reported compensation
- RALPH GAINES (INTERIM CHAIR PRESIDENT & CEO): $388,734 total reported compensation
- ANNE M OLIVA (EXECUTIVE VP & CFO): $214,882 total reported compensation
- JOHN DIEHL (SENIOR ADVISOR): $158,390 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lifelink housing corporation, dba castle towers, was incorporated as a not-for-profit corporation in the state of Illinois in 1976. It was formed to acquire land and construct buildings to house low-income elderly and handicapped persons as defined by the national housing act of 1959. Our mission is to provide actively aging adults affordable welcoming homes in communities that embrace living.
What it reported doing in 2022
To provide actively aging adults affordable welcoming homes in communities that embrace living.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 69
- Accountability: 92
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 6th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 26th 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: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -30.6% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -28.8% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $389K · 12 people listed · 3 of 6 pay-setting controls reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 3 filing years from 2020 to 2022
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 45 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.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.