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Filing year 2024

NORWOOD LIFE CARE FOUNDATION- B

Chicago, Illinois·EIN 36-3558526·3
Total revenue
$968k
Total assets
$16.6M
Total expenses
$379k
Reported officers
12
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.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CFO
25th percentile to median
$25k
$27k
CEO
10th to 25th percentile
$22k
$23k
Corp Clinical Serv Dir
Key Employee
Below 10th percentile
$11k
$12k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Up 14%
from 2023

From $22k in 2023 to $25k in 2024.

$22k
2023
$25k
2024
In today's dollarsEst.
Up 10% in real terms$24k to $27k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 15% from 2023 to 2024, while revenue rose 15%.

$22k in 2023 to $25k in 2024.
  • Chief Executive Officer pay rose 1% from 2023 to 2024.
  • Key Employee pay fell 9% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NORWOOD LIFE CARE FOUNDATION- B reported revenue and expenses across 2 filing years.

RevenueExpenses
$841k
$393k
2023
$968k
$379k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NORWOOD LIFE CARE FOUNDATION- B

What does the Chief Financial Officer of NORWOOD LIFE CARE FOUNDATION- B earn?

In 2024, the Chief Financial Officer of NORWOOD LIFE CARE FOUNDATION- B received $24,764 in total compensation. This pay is below the median (the midpoint) for Chief Financial Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at NORWOOD LIFE CARE FOUNDATION- B compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Financial Officer at NORWOOD LIFE CARE FOUNDATION- B falls between the 25th percentile and the median.

What are NORWOOD LIFE CARE FOUNDATION- B's revenue and expenses?

In 2024, NORWOOD LIFE CARE FOUNDATION- B reported $968k in total revenue and $379k in total expenses on its IRS Form 990.

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