Public Charity

NORWOOD LIFE CARE FOUNDATION- B

NORWOOD LIFE CARE FOUNDATION- B, of CHICAGO, IL, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $968K in revenue, $379K in expenses, $16.6M in total assets. 4 publicly reported grants to this organization, totaling roughly $44K, appear in IRS filings.

EIN: 363558526 CHICAGO, IL Latest filing: 2024
Total Revenue$968K
Total Expenses$379K
Total Assets$16.6M
Grant Records4
Funding Total$44K
Filing Years2020–2024

Mission

THE PURPOSE OF THE NORWOOD LIFE CARE FOUNDATION IS TO MANAGE FUNDRAISING AND INVESTMENT FOR THE FOLLOWING RELATED NOT FOR PROFIT ORGANIZATIONS: NORWOOD CROSSING ASSOCIATION, NORWOOD SENIORS NETWORK ASSOCIATION, NORWOOD LIFE SOCIETY, NORWEGIAN LUTHERAN BETHESDA HOME ASSOCIATION, AND THE NORWOOD PARK SATELLITE SENIORS CENTER. THESE ORGANIZATIONS PROVIDE SERVICES TO AREA SENIORS IN A LONG TERM CARE FACILITY WITH A TOTAL OF 131 LICENSED BEDS AND 55 ASSISTED LIVING UNITS. IN 2024, 38% OF THE RESIDENTS AT THIS FACILITY RECEIVED FREE OR SUBSIDIZED CARE.

Officers & Directors

DIRECTOR David Hoyem
SECRETARY/ TREASURER Doris Pape
VICE CHAIRPERSON George Silca
DIRECTOR Ingrid Forsberg
DIRECTOR Kim Kidd
DIRECTOR Lars Ohrstrom

Officer compensation and complete director data available with membership.

Top Grant Purposes

PUBLIC, SOCIETAL BENEFIT
$36,000 3 grants
MULTIPLE
$8,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $968K $379K $16.6M
2023 $841K $393K $19.2M
2022 $875K $436K $21.1M
2021 $1.1M $313K $22.2M
2020 $1.0M $391K $22.1M

Between 2020 and 2024, reported annual revenue declined from $1.0M to $968K (-4%), with total assets most recently reported at $16.6M.

Interactive year-over-year charts and full filing details available with membership.

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