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Residential Alternatives Of Illinois Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371223846 ✦ Galesburg, IL ✦ Designated as a 501(c)(3)

Overview

What is Residential Alternatives Of Illinois Inc?

Residential Alternatives of Illinois Inc, a charitable organization based in Galesburg, Illinois, is dedicated to providing and operating nursing facilities, assisted living facilities, and related services for the elderly. They currently manage 22 facilities, offering a combined capacity of 1,572 beds. Their mission, as stated in their articles of incorporation, is to empower the elderly, mentally retarded, mentally ill, and developmentally disabled, disregarding race, religion, color, sex, creed, or national origin. The organization does not engage in the practice of medicine or render any licensed professional services. With a workforce of 1,987 employees, Residential Alternatives of Illinois Inc is committed to making a meaningful difference in the lives of those they serve.


Is Residential Alternatives Of Illinois Inc legitimate?

Residential Alternatives Of Illinois Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residential Alternatives Of Illinois Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,494,449

For more financial information, click here


What is the mission statement of Residential Alternatives Of Illinois Inc?
Who is the CEO of Residential Alternatives Of Illinois Inc?
What is the revenue of Residential Alternatives Of Illinois Inc?
Who are the executives of Residential Alternatives Of Illinois Inc and what are their salaries?
Where can I find the form 990 for Residential Alternatives Of Illinois Inc?

Mission Statement of Residential Alternatives Of Illinois Inc

Residential Alternatives of Illinois Inc, a charitable organization, is dedicated to providing and managing nursing and assisted living facilities for the elderly. As stated in its Articles of Incorporation, the Corporation was formed for charitable purposes, as defined by Section 501(c)(3) of the Internal Revenue Code of 1986. In pursuit of these purposes, Residential Alternatives of Illinois Inc is authorized to build, lease, acquire, and own residential facilities, nursing facilities, and other related services for the elderly, mentally retarded, mentally ill, developmentally disabled, and individuals with similar conditions. The organization's operations are inclusive, welcoming individuals regardless of their race, religion, color, sex, creed, or national origin.

Residential Alternatives of Illinois Inc's mission goes beyond just providing shelter. The Corporation aims to create a safe and supportive environment where the elderly, mentally retarded, mentally ill, developmentally disabled, and other individuals with similar needs can thrive. By owning and operating a variety of residential and care facilities, this organization ensures that it can cater to the diverse needs of its residents, making a positive impact on their lives. The Corporation's commitment to its residents is unwavering, as it does not engage in the practice of medicine nor render any licensed professional services.

Impact

This information is meant to be a general summary of Residential Alternatives Of Illinois Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Residential Alternatives Of Illinois Inc's impact is significant in providing and operating nursing and assisted living facilities for the elderly. With a total of 1,572 beds spread across 22 facilities in Galesburg, IL, the organization offers a range of program services aimed at enhancing the quality of life for the elderly. By focusing on skilled nursing facilities, healthcare services, assisted living options, and other related services, Residential Alternatives Of Illinois Inc plays a crucial role in catering to the needs of the elderly population. Additionally, its mission, centered on charitable purposes and inclusive care, underscores the organization's commitment to serving individuals regardless of race, religion, or other backgrounds. Through its dedicated efforts in the human services sector, Residential Alternatives Of Illinois Inc positively impacts the lives of many elderly individuals by providing them with essential care and support.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $-258,866
  • Program Service Revenue: $81,651,786
  • Gross Receipts: $86,405,582

    • Assets and Liabilities:
  • Total Assets: $104,682,392
  • Total Liabilities: $74,073,369
  • Net Assets: $30,609,023
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEDICARE & MEDICAID

    Revenue

    $44,874,936

    PRIVATE PAY RESIDENT SERVICES

    Revenue

    $36,616,368

    OTHER RESIDENT FEES

    Revenue

    $96,122

    MAINTENANCE FEES

    Revenue

    $64,360

    Organization Details

    Founding Year

    1987

    Principal Officer

    Ben Mcmahan

    Main Address

    285 SOUTH FARNHAM STREET, GALESBURG, IL, 614015323

    NTEE Category

    Code: E91 - Health

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