Washington and Jane Smith Home
Nonprofit profile at a glance
- EIN
- 364335178
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 7734747300
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $13,559,827
- Expenses
- $10,930,201
- Assets
- $60,357,362
- Liabilities
- $733,674
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- KEVIN MCGEE (PRESIDENT/CEO)
Highest reported compensation
- KEVIN MCGEE (PRESIDENT/CEO): $269,063 total reported compensation
- RAYMOND MARNERIS (TREASURER/CFO): $242,096 total reported compensation
- JAMES SCHMITT (CHIEF INFORMATION 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
The mission of Washington and jane smith home is to enrich the lives of senior adults through the highest quality of services. The organization's charitable purpose is to provide management, planning, financial and administrative services (see schedule o) exclusively to its related ccrc organizational affiliates.
What it reported doing in 2024
Washington and jane smith home is the sole member of smith cares, llc, a staffing holding company. Smith cares provides professional staff to the affiliated companies of Washington and jane smith community - beverly and Washington and jane smith community - orland park when the individuals are shared between the two affiliate organizations.
Operating model
- Revenue model
- Earned-program. 87% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 89
- Accountability: 100
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.2%; rating input score 77
- Program expense ratio: 97.3%; rating input score 97
- 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: Limited
- Related-party transparency: Yes; rating input score 100
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: 19.4%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 5.52; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 13.4%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 4.5% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 6.4% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 19th percentile among comparable filings
Details
- Where the money goes: 77.2% of revenue deployed · 97.3% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $10.6M in reported program spending
- Leadership: top reported pay $269K · 22 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $306K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 15 filing years from 2009 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Officer compensation ratio scored 11/100.