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Nonprofit · EIN 20-1835089

TIMOTHY PLACE NFP

Tax-exempt · ELMHURST, IL 60126

Financials

$22.5M$26.3M2023$23.4M$27.4M2024
Revenue Expenses · by fiscal year end
Financials of TIMOTHY PLACE NFP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$23,380,095$27,410,602-$4,030,507$124,306,824$235,175,815-$110,868,991
December 31, 2023990$22,515,252$26,318,903-$3,803,651$123,658,033$230,595,019-$106,936,986
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$236,419
Program service revenue
$22,361,089
Investment income
$782,587
Net gain from sales of assets
$14,048
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$8,690,717
Salaries, compensation and benefits (total)
$10,395,798
Professional fundraising fees
$0
Legal fees
$13,605
Accounting fees
$158,757
Occupancy
$1,153,801
Depreciation
$3,704,243
Program services (functional)
$25,610,470
Management and general (functional)
$1,800,132

Balance sheet and other

Total assets, start of year
$123,658,033
Total assets, end of year
$124,306,824
Total liabilities, end of year
$235,175,815
Net assets, end of year
-$110,868,991
Land, buildings and equipment
$99,919,737
Net assets without donor restrictions
-$110,902,559
Net assets with donor restrictions
$33,568
Gross receipts
$23,380,095
Employees
308
Volunteers
50
Year formed
2004
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
SCHUTT RICHARDCEO
Officer
3$0$626,743$30,072
DEYOUNG WILLIAMCOO
Officer
3$0$418,786$81,129
VANDERGENUGTEN BARRYCFO
Officer
3$0$456,582$24,359
MCGOWAN-WELCH BETHEXECUTIVE DI
Highest-paid employee
40$205,400$0$22,100
TIEMERSMA DAVIDADMINISTRATO
Highest-paid employee
40$136,810$0$21,516
DELL JULIANMARKETING DI
Highest-paid employee
40$152,052$0$6,122
NIKOLIC MILANKARN
Highest-paid employee
40$131,743$0$26,132
CABERRA ARJELIORN
Highest-paid employee
40$121,310$0$13,901
VAN ESSEN DARRENDIRECTOR
Trustee or director
1$0$0$0
GROENEWOLD JAKECHAIR (THRU
Trustee or director, Officer
–$0$0$0
HUIZENGA KARENSECRETARY/TR
Trustee or director, Officer
1$0$0$0
HOVING KENVICE CHAIR
Trustee or director, Officer
1$0$0$0
JABAAY PATTIDIRECTOR
Trustee or director
1$0$0$0
BUIKEMA PAULCHAIR
Trustee or director, Officer
1$0$0$0
FEENSTRA TEDDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SCHUTT RICHARDCEO
Officer
3$0$686,133$28,539
DEYOUNG WILLIAMCOO
Officer
3$0$473,238$83,887
VANDERGENUGTEN BARRYCFO
Officer
3$0$403,100$29,973
MCGOWAN-WELCH BETHEXECUTIVE DI
Highest-paid employee
40$200,779$0$7,570
WALSH LAURAMARKETER
Highest-paid employee
40$121,430$0$4,776
CARRASQUILLA GEORGEDIRECTOR RES
Highest-paid employee
40$115,709$0$3,458
SUTKUTE INDRENURSING SUPE
Highest-paid employee
40$114,108$0$4,563
BROKAW JENNIFERRN
Highest-paid employee
40$116,792$0$1,167
VAN ESSEN DARRENDIRECTOR
Trustee or director
1$0$0$0
GROENEWOLD JAKECHAIR
Trustee or director, Officer
1$0$0$0
HUIZENGA KARENSECRETARY/TR
Trustee or director, Officer
1$0$0$0
HOVING KENASST SECT/TR
Trustee or director, Officer
1$0$0$0
JABAAY PATTIDIRECTOR
Trustee or director
1$0$0$0
BUIKEMA PAULVICE CHAIR
Trustee or director, Officer
1$0$0$0
FEENSTRA TEDDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1050 S EUCLID, ELMHURST, IL 60126-5169
In care of
% JOHN R RUSSELL
Mailing address (990-N for 2011)
18601 North Creek Drive, Tinley Park IL 60477
Principal officer (990 for 2024)
DEYOUNG WILLIAM, 18601 N CREEK DR, TINLEY PARK, IL 60477
Principal officer (990-N for 2011)
Bill DeYoung, 18601 North Creek Drive, Tinley Park IL 60477
Signed the 990
DEYOUNG WILLIAM, COO
Phone
(708) 342-8100
Return prepared by
LARRY J OTTE CPA

Mission

TO PROVIDE HOUSING AND THE FULL CONTINUUM OF CARE FOR SENIORS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE HOUSING AND CARE FOR THE ELDERLY AND SICK.
    Expenses $25,610,470

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-1835089
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P75)
Assets (IRS master file)
$124,306,824
Income (IRS master file)
$23,380,095

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$23,380,095$27,410,602$124,306,824IRS
990December 2023$22,515,252$26,318,903$123,658,033XML
990December 2022$21,379,925$25,572,532$124,177,539IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2011
Officer: Bill DeYoung
December 31, 2011≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1835089).

Questions about TIMOTHY PLACE NFP

What is the EIN of TIMOTHY PLACE NFP?
The employer identification number (EIN) of TIMOTHY PLACE NFP is 20-1835089.
Is TIMOTHY PLACE NFP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to TIMOTHY PLACE NFP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TIMOTHY PLACE NFP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TIMOTHY PLACE NFP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TIMOTHY PLACE NFP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TIMOTHY PLACE NFP?
The 990 for the year ended December 31, 2024 names DEYOUNG WILLIAM.
Who are the officers and directors of TIMOTHY PLACE NFP?
The 990 for the year ended December 31, 2024 lists 15 people; 5 received compensation from the organization.
How much revenue does TIMOTHY PLACE NFP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $23,380,095, expenses of $27,410,602 and total assets of $124,306,824 at year end.

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