Franciscan Communities St Mary Of The Woods Inc in Homewood, Illinois (IL)

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Franciscan Communities St Mary Of The Woods Inc
Employer Identification Number (EIN)510436466
Name of OrganizationFranciscan Communities St Mary Of The Woods Inc
Address1055 W 175th Street, Homewood, IL 60430-4610
SubsectionCharitable Organization
Ruling Date09/2004
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Tax Period06/2012
Assets$1,000,000 to $4,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,012,788
Amount of Income$6,995,719
Form 990 Revenue Amount$7,700,250
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Senior Citizens' Housing/Retirement Communities


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Amount of income in 2012: $6,995,719
Franciscan Communities St Mary Of The Woods Inc: 

 $6,995,719
Other organizations performing similar types of work: 

 $284,463

Assets in 2012: $1,012,788
This organization: 

 $1,012,788
Other organizations performing similar types of work: 

 $1,921,874

Expenses in 2012: $10,389,741
Franciscan Communities St Mary Of The Woods Inc: 

 $10,389,741
Other organizations performing similar types of work: 

 $319,873

Income to expenses ratio in 2012: 0.7
Franciscan Communities St Mary Of The Woods Inc: 

 0.7
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2006: 95.4%
This organization: 

 95.4%
Other organizations performing similar types of work: 

 88.6%

Employees paid over $100,000 in 2012: 2.3%
This organization: 

 2.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$7,700,250
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$6,972,847
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$103
Income from investment of tax-exempt bond proceeds$5,905
Royalties$0
Net rental income$1,932
Gross rents (Real / Personal)$1,932 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$1,932 / $0
Net gain from sales of assets other than inventory$704,530
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $-704,531
Gain or (loss) (Securities / Other)$0 / $704,531
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$14,933
Statement of Functional Expenses (for 2012)
Total functional expenses$10,389,741
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$2,099,414
Payroll taxes$152,884
Professional fundraising services$0
Other$8,137,443
Balance Sheet (for 2012)
Total assets$1,012,788
Total liabilities$0
Total net assets or fund balances$1,012,788
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$37,941,267
Gifts, grants, contributions, and membership fees received$1,051,770
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$36,209,984
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$475,558
Other$203,955
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20052006
Total revenue$1,530,211$4,380,914
Contributions, gifts, grants, and similar amounts received$0$4,980
Contributions to donor advised funds$0
Direct public support$0$4,980
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$1,260,023$3,969,706
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$330,914
Dividends and interest from securities$237,166$34,789
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$0$-19,441
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$19,441
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$33,022$59,966
Total expenses$3,746,808$9,112,307
Program services$3,017,207$8,693,069
Management and general$729,601$419,238
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$1,603,559$-3,087,750
Excess or (deficit) for the year$-2,216,597$-4,731,393
Net assets or fund balances at beginning of year$3,376,125$1,603,559
Other changes in net assets or fund balances$444,031$40,084
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$9,112,307$8,693,069$419,238$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$2,231,215$2,136,176$95,039$0
Pension plan contributions not included above$18,556$17,766$790$0
Employee benefits not included above$260,742$249,635$11,107$0
Payroll taxes$172,457$165,111$7,346$0
Professional fundraising fees$0$0$0$0
Accounting fees$36,613$0$36,613$0
Legal fees$4,845$0$4,845$0
Supplies$366,670$357,830$8,840$0
Telephone$40,433$36,846$3,587$0
Postage and shipping$6,965$4,931$2,034$0
Occupancy$329,775$329,775$0$0
Equipment rental and maintenance$12,349$9,530$2,819$0
Printing and publications$57,192$44,158$13,034$0
Travel$17,869$12,556$5,313$0
Conferences, conventions, and meetings$2,476$1,613$863$0
Interest$1,723,571$1,723,571$0$0
Depreciation, depletion, etc.$1,777,965$1,777,965$0$0
Other expenses not covered above$2,052,614$1,825,606$227,008$0
Balance Sheets
20052006
Total assets$53,248,150$50,072,658
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$87,303$267,231
Accounts receivable less allowance for doubtful accounts$210,390$157,582
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$20,733
Prepaid expenses and deferred charges$4,413,804$6,066,876
Investments - publicly-traded securities$9,733,594
Investments - other securities$11,410,071$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$34,860,520$33,545,491
Other assets, including program-related investments$2,266,062$281,151
Total liabilities$51,644,591$53,160,408
Accounts payable and accrued expenses$675,529$1,067,584
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$40,500,000$40,500,000
Mortgages and other notes payable$0$0
Other liabilities$10,469,062$11,592,824
Total liabilities and net assets/fund balances$53,248,150$50,072,658
Total net assets or fund balances$1,603,559$-3,087,750
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20052006
Total revenue$1,530,211$4,380,914
Total revenue, gains, and other support per audited financial statements$1,530,211$4,408,611
Other expenses$0$40,084
Net unrealized gains on investments$0$40,084
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$12,387
Investment expenses$0$12,387
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20052006
Total expenses$3,746,808$9,112,307
Total expenses and losses per audited financial statements$3,253,059$9,099,920
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$493,749$12,387
Investment expenses$0$12,387
Other$493,749$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200654
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$406,228$3,969,706
Program service revenue
Program service revenue 1000000$000$0$3,875,250
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$94,456
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$330,914$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$34,789$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-19,441$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$099$59,966$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$93,599$36,504$0
$59,277$13,633$0
$57,952$13,329$0
$53,242$12,245$0
$51,642$11,878$0
Total number of other employees paid over $50,0001
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
20042005
Total$3,894,426$1,319,821
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$3,893,716$1,049,633
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$710$237,166
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$33,022
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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2St Louis Life2001 E Terra Ln, Ofallon, MO 63366-4434MO2006-01$957,241
3Saugatucket Springs Inc861a Broad St, Providence, RI 02907-1768RI2003-11$470,399
4St Mary Magdlene Apartments IncPO BOX 93108, Lafayette, LA 70509-3108LA2004-03$105,388
5Unlimited Development Inc285 S Farnham St, Galesburg, IL 61401-5323IL1996-12$85,769,554
6Hoopeston Retirement Village Foundation Inc423 N Dixie Hwy, Hoopeston, IL 60942-1021IL2013-09$4,532,029
7Tolton Senior Housing Corporation721 N La Salle St 5th Floor, Chicago, IL 60654-3503IL1994-08$1,000,249
8Ymca Of Metropolitan Chicago Foundation For Harvey Ii801 N Dearborn St, Chicago, IL 60610-3316IL2004-06$759,751
9Ibukun Comprehensive Community Services Inc6752 S Perry Ave, Chicago, IL 60621-3714IL2011-11$719,943
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11Trc Senior Village I Nfp3757 S Wabash Ave, Chicago, IL 60653-1508IL2012-12$590,447
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14Joymark Of America Corporation1507 East 53rd St, Chicago, IL 60615-4573IL2010-05$175,218
15Henry County Housing Development Group Inc125 North Chestnut, Kewanee, IL 61443-2110IL2011-04$138,943
16Sunset Woods Association1150 Half Day Rd, Highland Park, IL 60035-1740IL2006-03$133,326
17Thi-134101 N Ravenswood Ave, Chicago, IL 60613-2193IL1997-08$111,043
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Number of organizations performing similar types of work
Alaska13
Alabama39
Arkansas54
Arizona36
California254
Colorado60
Connecticut29
District of Columbia9
Delaware8
Florida162
Georgia94
Hawaii13
Iowa34
Idaho8
Illinois82
Indiana47
Kansas26
Kentucky31
Louisiana50
Massachusetts80
Maryland68
Maine21
Michigan95
Minnesota109
Missouri60
Mississippi16
Montana11
North Carolina75
North Dakota13
Nebraska21
New Hampshire18
New Jersey69
New Mexico15
Nevada6
New York174
Ohio130
Oklahoma35
Oregon56
Pennsylvania120
Rhode Island26
South Carolina38
South Dakota11
Tennessee79
Texas157
Utah8
Virginia57
Vermont13
Washington51
Wisconsin58
West Virginia12
Wyoming8
International77
Total2,836

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