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Nonprofit · EIN 36-4209258

GREENCASTLE OF STERLING INC

Tax-exempt · OAK BROOK, IL 60523

Financials

$437K$498K2023$456K$501K2024$492K$566K2025
Revenue Expenses · by fiscal year end
Financials of GREENCASTLE OF STERLING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$491,541$565,893-$74,352$1,355,630$30,781$1,324,849
December 31, 2024990$456,225$501,437-$45,212$1,431,806$32,605$1,399,201
December 31, 2023990$436,532$498,258-$61,726$1,482,846$38,433$1,444,413
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$479,051
Investment income
$1,613
Other revenue
$10,877

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$3,000
Accounting fees
$9,956
Occupancy
$78,383
Travel
$435
Depreciation
$65,994
Program services (functional)
$519,214
Management and general (functional)
$46,679

Balance sheet and other

Total assets, start of year
$1,431,806
Total assets, end of year
$1,355,630
Total liabilities, end of year
$30,781
Net assets, end of year
$1,324,849
Land, buildings and equipment
$1,193,734
Net assets without donor restrictions
-$897,551
Net assets with donor restrictions
$2,222,400
Gross receipts
$491,541
Employees
0
Volunteers
25
Year formed
1998
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, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
RALPH GAINESPRESIDENT & CEO( FORMER SEPT 25)
Officer
0.2$0$363,961$39,801
GARY ADAMSDIRECTOR OF OPERATIONS
Highest-paid employee
0.2$0$149,003$29,732
JENNIFER TRUPPADIRECTOR OF SOCIAL SERVICE
Highest-paid employee
0.2$0$123,897$41,292
DAWN ZENKNERVICE PRESIDENT OF FINANCE
Highest-paid employee
0.2$0$122,244$39,051
ALINA SERBANCHIEF OF STAFF
Highest-paid employee
0.2$0$104,929$39,104
ED HAVLOVICDIRECTOR OF PLANT OPERATION
Highest-paid employee
0.2$0$110,884$28,081
WAYNE FOLEYCEO
Officer
0.2$0$23,077$0
SCOTT MEYERCHAIRMAN
Trustee or director, Officer
0.2$0$0$0
IRV WOODSDIRECTOR
Trustee or director
0.2$0$0$0
J PAUL BERTSCHEDIRECTOR
Trustee or director
0.2$0$0$0
KAREN LATIMER-HORSTHEMKEDIRECTOR
Trustee or director
0.2$0$0$0
RUTH CARLSONDIRECTOR
Trustee or director
0.2$0$0$0
990 for the year ended December 31, 2024: 14 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RALPH GAINESPRESIDENT & CEO
Officer
0.2$0$371,596$50,615
ANNE M OLIVAEXECUTIVE VICE PRESIDENT &
Officer
1$0$214,166$22,837
JENNIFER TRUPPADIRECTOR OF SOCIAL SERVICE
Highest-paid employee
1$0$119,654$40,480
DAWN ZENKNERCONTROLLER
Highest-paid employee
0.2$0$112,421$43,024
GARY ADAMSDIRECTOR OF OPERATIONS
Highest-paid employee
0.2$0$116,071$29,254
ALINA SERBANCHIEF OF STAFF
Highest-paid employee
1$0$101,464$38,357
ED HAVLOVICDIRECTOR OF PLANT OPERATIO
Highest-paid employee
1$0$106,816$27,750
RUTH CARLSONDIRECTOR
Trustee or director
0.2$0$0$0
KAREN-LATIMER-HORSTHEAKEDIRECTOR
Trustee or director
0.2$0$0$0
SCOTT MEYERCHAIRMAN
Trustee or director
0.2$0$0$0
TONYA PITTSDIRECTOR
Trustee or director
0.2$0$0$0
IRV WOODSDIRECTOR
Trustee or director
0.2$0$0$0
ROBERT GAMRATHDIRECTOR
Trustee or director
0.2$0$0$0
J PAUL BERTSCHEDIRECTOR
Trustee or director
0.2$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RALPH GAINESINTERIM CHAIR,PRESIDENT & CEO
Officer
0.2$0$357,625$48,906
ANNE M OLIVAEXECUTIVE VP & CFO
Officer
0$0$209,490$20,088
JOHN DIEHLSENIOR ADVISOR
Highest-paid employee
0$0$134,487$29,262
JENNIFER TRUPPADIRECTOR OF SOCIAL SERVICES
Highest-paid employee
0$0$114,791$40,412
DAWN ZENKNERCONTROLLER
Highest-paid employee
0.2$0$108,003$40,055
ED HAVLOVICDIRECTOR OF PLANT OPERATIONS
Highest-paid employee
0$0$109,898$27,919
Gary AdamsDirector of Operations
Officer
0.2$0$104,132$27,575
REV JESSE KNOXDIRECTOR
Trustee or director
0.2$0$0$0
NATHAN BRIGGSDIRECTOR
Trustee or director
0.2$0$0$0

Address and contacts

Address (IRS master file)
1900 SPRING RD STE 450, OAK BROOK, IL 60523-1481
In care of
% EMBRACE LIVING COMMUNITIES
Principal officer (990 for 2025)
WAYNE FOLEY, 1900 SPRING RD STE 450, OAK BROOK, IL 60523
Signed the 990
WAYNE FOLEY, CEO
Phone
(630) 521-8021
Return prepared by
COHNREZNICK ADVISORY LLC

Mission

TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE, WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

990 for the year ended December 31, 2025

Program accomplishments

  • GREENCASTLE OF STERLING, INC WAS ORGANIZED ON MARCH 3, 1998, AS A NONPROFIT CORPORATION, UNDER THE LAWS OF THE STATE OF ILLINOIS, FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT FOR LOW-INCOME ELDERLY PERSONS AS DEFINED BY THE NATIONAL HOUSING ACT OF 1959. SUCH PROJECTS ARE REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHANGES AND OPERATING METHODS. THE CORPORATION CONSISTS OF 32 UNITS LOCATED IN STERLING, ILLINOIS.
    Expenses $519,214 · revenue $489,928

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-4209258
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
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,355,630
Income (IRS master file)
$491,541

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$491,541$565,893$1,355,630XML
990December 2024$456,225$501,437$1,431,806XML
990December 2023$436,532$498,258$1,482,846XML
990December 2022$424,550$478,268$1,532,063IRS
990December 2021–––IRS
990December 2020–––IRS

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 36-4209258).

Questions about GREENCASTLE OF STERLING INC

What is the EIN of GREENCASTLE OF STERLING INC?
The employer identification number (EIN) of GREENCASTLE OF STERLING INC is 36-4209258.
Is GREENCASTLE OF STERLING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to GREENCASTLE OF STERLING INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREENCASTLE OF STERLING INC 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 GREENCASTLE OF STERLING INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREENCASTLE OF STERLING INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of GREENCASTLE OF STERLING INC?
The 990 for the year ended December 31, 2025 names WAYNE FOLEY.
Who are the officers and directors of GREENCASTLE OF STERLING INC?
The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
How much revenue does GREENCASTLE OF STERLING INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $491,541, expenses of $565,893 and total assets of $1,355,630 at year end.

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