Cause IQ organization profile

Providence Life Services

Providence Life Services is a nursing home based in Tinley Park, IL that was founded in 1956. As of 2018 they had $77 million in revenue and $96 million in assets.

Providence Life Services was founded from a desire to provide high quality affordable care for those in their communities that are aging.

Previous legal names or variations of their name include: Rest Haven Illiana Christian Convalescent Home.

EIN:

36-2382853

City:

Tinley Park

State:

Illinois

Metro:

Chicago-Naperville-Elgin, IL-IN-WI

Website:

providencelifeservices.com

Phone:

(708) 342-8100

Facebook:

facebook.com/ProvidenceLifeServices

Founded:

1956

Type:

501(c)(3)

NTEE:

E91: Nursing and convalescent homes

Revenue:

$77,693,734

Assets:

$96,055,082

Employees:

1,642

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Providence Life Services

To provide proper care for the sick and elderly. 926 beds/units with occupancy over 86% on the full continuum of care.

Form 990s for Providence Life Services

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Feb 5, 2020	990	View PDF
2017-12	Feb 21, 2019	990	View PDF
2016-12	Dec 28, 2017	990	View PDF
2015-12	Mar 31, 2017	990	View PDF
2014-12	Feb 10, 2016	990	View PDF
...and five more Form 990 PDFs

Financials for Providence Life Services

Field	2017	2016	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$244,517	$306,654	-20.3%
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$1,093,030	$1,034,400	5.7%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$1,337,547	$1,341,054	-0.3%

Field	2017	2016	% Change
Total grants, contributions, etc.	$1,337,547	$1,341,054	-0.3%
Program services	$76,091,223	$71,210,216	6.9%
Investment income and dividends	$480,665	$491,933	-2.3%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$-109,872	$-256,046	57.1%
Net income from fundraising events	$-105,829	$-163,999	35.5%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$77,693,734	$72,623,158	7.0%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$1,278,926	$1,288,496	-0.7%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$32,941,366	$30,682,978	7.4%
Pension/retirement accruals and contributions	$415,464	$423,098	-1.8%
Other employee benefits	$3,955,518	$2,986,899	32.4%
Payroll taxes	$2,504,200	$2,261,982	10.7%
Management fees	$0	$0
Legal fees	$91,359	$147,366	-38.0%
Accounting fees	$424,061	$387,029	9.6%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$5,326,961	$5,681,318	-6.2%
Advertising and promotion	$0	$0
Office expenses	$0	$0
Information tech. expenses	$1,878,212	$1,729,578	8.6%
Royalty expenses	$0	$0
Occupancy	$1,640,259	$1,506,357	8.9%
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$2,542,153	$2,802,365	-9.3%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$3,213,163	$3,042,814	5.6%
Insurance	$3,188,833	$2,977,421	7.1%
All other expenses	$19,323,968	$18,478,593	4.6%
Total expenses	$78,724,443	$74,396,294	5.8%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$555,531	$2,630,266	-78.9%
Savings, short-term investments, etc.	$307,345	$838,537	-63.3%
Pledges and grants receivable	$0
Accounts receivable	$13,968,152	$18,109,818	-22.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$224,675	$229,034	-1.9%
Buildings, equipment, etc. post-depreciation	$52,130,522	$51,422,760	1.4%
Investments, publicly traded securities	$14,887,425	$16,572,195	-10.2%
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$13,981,432	$5,732,147	143.9%
Total assets	$96,055,082	$95,534,757	0.5%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$8,541,119	$10,922,466	-21.8%
Grants payable	$0	$0
Deferred revenue	$2,035,426	$1,874,593	8.6%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$59,282,271	$57,981,544	2.2%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$5,336,992	$5,079,170	5.1%
Total liabilities	$75,195,808	$75,857,773	-0.9%

Field	2017	2016	% Change
Unrestricted net assets	$20,715,151	$19,532,935	6.1%
Temporarily restricted net assets	$144,123	$144,049	0.1%
Permanently restricted net assets	$0	$0

Vendors for Providence Life Services

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-03-02
██████ ███ █████ ████	Tax accounting		2018-11-14
████████ ██████ ████████	Dining Services	$938,853	2017-12-01
██████ ████ ███████ ███	Dining Services	$1,767,835	2017-12-01
█████████ ██████████████	Therapy	$2,730,567	2017-12-01
████████ █████████	It Services	$2,829,948	2017-12-01
███████ ██ ████████	Pharmacy	$2,370,601	2017-12-01
█████████ ████████ █████ ████	Insurance agent or broker	$328	2016-12-31
...and 16 more vendors

Personnel at Providence Life Services

Name	Title	Compensation	Most recent data
Richard C. Schutt	Director and Chief Executive Officer	$551,375	June 3, 2020
William Deyoung	Chief Operating Officer	$379,845	Dec. 31, 2017
█████ ██████████████	Chief Financial Officer	$234,273	Feb. 5, 2019
███████ ████████	Vice President Operations	$152,892	Dec. 31, 2017
███████ ██████	Vice President Healthcare Strategy	$152,488	Dec. 31, 2017
███ ████████	Executive Vice President Project Development	$264,147	Dec. 31, 2017
████ ████████	Vice President Construction	$176,687	Dec. 31, 2017
█████ ██████████	Vice President Ministry Advancement and Developmen	$156,426	Dec. 31, 2017
███ ███ ███	Secretary and Treasurer	$0	June 3, 2020
██████ ████	Chair	$0	June 3, 2020
...and eight more key personnel

Peer nursing and convalescent homes

	Name	Type	Revenue	Location
1	Residential Alternatives of Illinois	501(c)(3)	$77 million	Galesburg, IL
2	American Eagle Lifecare Corporation	501(c)(3)	$53 million	Ann Arbor, MI
3	Good Shepherd Lutheran Home of Sauk Rapids Minnesota	501(c)(3)	$24 million	Sauk Rapids, MN
4	Tufte Manor	501(c)(3)	$26 million	Grand Forks, ND
5	Crest View Corporation	501(c)(3)	$20 million	Columbia Heights, MN
6	St Johnland Nursing Center	501(c)(3)	$35 million	Kings Park, NY
7	Legacy Senior Services	501(c)(3)	$22 million	Minnetonka, MN
8	Trinity Senior Living Communities	501(c)(3)	$150 million	Farmington Hills, MI
9	Samaritan Senior Village	501(c)(3)	$23 million	Watertown, NY
10	Baptist Homes Society	501(c)(3)	$45 million	Pittsburgh, PA
11	Phoebe Allentown	501(c)(3)	$34 million	Allentown, PA
12	Manhattan Retirement Foundation	501(c)(3)	$23 million	Manhattan, KS
13	Missouri Slope Lutheran Care Center	501(c)(3)	$31 million	Bismarck, ND
14	Elim Homes	501(c)(3)	$45 million	Eden Prairie, MN
15	Daughters of Israel	501(c)(3)	$33 million	West Orange, NJ
16	The Church Home of the Protestant Episcopal Church in Rochester	501(c)(3)	$19 million	Rochester, NY
17	Mirabella Portland South Waterfront	501(c)(3)	$24 million	Portland, OR
18	Teresian House Nursing Home	501(c)(3)	$28 million	Albany, NY
19	The Village at Luther Square	501(c)(3)	$26 million	Erie, PA
20	Bronxwood Home for the Aged	501(c)(3)	$20 million	Bronx, NY
21	Friendly Home	501(c)(3)	$30 million	Rochester, NY
22	Saunders House	501(c)(3)	$19 million	Wynnewood, PA
23	Mease Manor	501(c)(3)	$21 million	Dunedin, FL
24	Fellowship Community	501(c)(3)	$31 million	Whitehall, PA
25	Bridgewater Home	501(c)(3)	$22 million	Bridgewater, VA

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