Smith Village
Legal name: Washington and Jane Smith Community - Beverly
Nonprofit profile at a glance
- EIN
- 362167948
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Chicago, IL, US
- Phone
- 773-474-7300
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $26,701,007
- Expenses
- $27,610,002
- Assets
- $72,419,060
- Liabilities
- $77,923,110
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- KEVIN MCGEE (PRESIDENT/CEO)
- MARTI JATIS (EXECUTIVE DIRECTOR)
Highest reported compensation
- KEVIN MCGEE (PRESIDENT/CEO): $269,063 total reported compensation
- RAYMOND MARNERIS (TREASURER/CFO): $242,096 total reported compensation
- JAMES SCHMITT (CHIEF INFOMATION OFFICER): $217,130 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 benefit residents and their families, as well as the long-term direction and stability of our Life Plan Community.
What it reported doing in 2024
The organization provides retirement housing and health care services to seniors aged 55 and older in a continuing care retirement community setting. Washington and jane smith community - beverly operates a 82 unit assisted living center. Services include provision of assistance to individuals who can no longer live independently and need assistance with at least three activities of daily living such as eating, bathing, dressing, medications, etc. Individuals residing in assisted living who have outlived their financial resources are further supported by the charitable care funds of Washington and jane smith community - beverly. During the year $68,176 in charitable services were provided to residents in assisted living. The community also provided $208,819 in health care discounts to its residents.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 88% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96%; rating input score 96
- Program expense ratio: 92.4%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- 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: -3.4%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 2.62; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 1.08; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 11th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 96% of revenue deployed · 92.4% of spending went to programs
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $25.5M in reported program spending
- Leadership: top reported pay $269K · 12 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.1M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 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 — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.