Friendship Village Of Mill Creek Nfp

Friendship Village Of Mill Creek Nfp consistently operates at a deficit with zero reported officer compensation.

EIN: 203300991 · Geneva, IL · NTEE: P75 · Updated: 2026-03-28

$23.1MRevenue

$122.6MAssets

60/100Mission Score (Good)

P75

About Friendship Village Of Mill Creek Nfp

Friendship Village Of Mill Creek Nfp (EIN: 203300991) is a nonprofit organization based in Geneva, IL, classified under NTEE code P75. The organization reported total revenue of $23.1M and total assets of $122.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Village Of Mill Creek Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friendship Village Of Mill Creek Nfp consistently reports zero officer compensation across all available filings, which is highly unusual for an organization of its size with assets exceeding $120 million. This could indicate that executive compensation is being reported under different categories or that the organization is managed by an external entity, which would impact the assessment of its financial transparency. The organization has consistently operated at a deficit, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $25,452,023 against revenues of $21,667,979, indicating a reliance on other funding sources or a draw on assets. The NTEE code P75 suggests it is a continuing care retirement community, which often involves significant capital expenditures and long-term financial planning. The substantial liabilities, such as $118,606,073 in 2023, relative to assets, warrant further investigation into its financial structure and sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friendship Village Of Mill Creek Nfp with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Friendship Village Of Mill Creek Nfp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all filings, which is highly atypical for an entity with over $120 million in assets and $23 million in annual revenue. This raises questions about how executive leadership is compensated or if management services are outsourced and reported differently.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Friendship Village Of Mill Creek Nfp's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue in all reported periods)
0% reported officer compensation, highly unusual for an organization of this size
High liabilities relative to assets, indicating significant debt or resident obligations
Lack of clarity on executive compensation practices

Strengths

The following positive indicators were identified for Friendship Village Of Mill Creek Nfp:

Provides essential services as a continuing care retirement community (NTEE P75)
Significant asset base ($122,638,163 in latest filing)
Consistent revenue generation, albeit less than expenses

Frequently Asked Questions about Friendship Village Of Mill Creek Nfp

Is Friendship Village Of Mill Creek Nfp a good charity?

The organization's consistent operational deficits and the lack of reported officer compensation are unusual. While it serves a clear community need (continuing care retirement community), the financial structure and reporting practices warrant closer scrutiny to determine its long-term sustainability and true operational efficiency.

Why is officer compensation consistently reported as 0%?

The consistent reporting of 0% officer compensation is a significant anomaly for an organization of this scale. It could indicate that executive compensation is embedded within other expense categories, that the organization is managed by a related party, or that it operates with an entirely volunteer executive leadership, which is unlikely given its size and complexity.

How does the organization cover its consistent operational deficits?

The organization consistently spends more than it earns, as seen in 2023 where expenses ($25,452,023) exceeded revenue ($21,667,979). This suggests reliance on drawing down assets, debt financing, or other non-operating income sources to cover the gap, which could impact long-term financial health.

What is the nature of the organization's significant liabilities?

Friendship Village Of Mill Creek Nfp carries substantial liabilities, such as $118,606,073 in 2023. Given its NTEE code (P75 - Continuing Care Retirement Communities), these liabilities likely relate to bonds, mortgages, or entrance fee obligations to residents, which are common in this sector but require careful management.

Filing History

IRS 990 filing history for Friendship Village Of Mill Creek Nfp showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Friendship Village Of Mill Creek Nfp's revenue has grown by 11651.8%, moving from $184K to $21.7M. Total assets decreased by 11.9% over the same period, from $136.4M to $120.1M. Total functional expenses rose by 725.4%, from $3.1M to $25.5M. In its most recent filing year (2023), Friendship Village Of Mill Creek Nfp reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $118.6M in liabilities against $120.1M in assets (debt-to-asset ratio: 98.7%), resulting in net assets of $1.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$21.7M	$25.5M	$120.1M	$118.6M	—	View 990
2022	$18.9M	$22.8M	$83.5M	$128.3M	—	View 990
2021	$19.8M	$23.9M	$86.4M	$119.2M	—	View 990
2020	$18.2M	$24.6M	$89.5M	$123.0M	—	View 990
2019	$16.3M	$23.9M	$90.6M	$120.9M	—	View 990
2018	$16.7M	$23.1M	$100.0M	$119.0M	—	View 990
2017	$16.3M	$30.0M	$91.3M	$161.2M	—	View 990
2016	$15.6M	$28.6M	$103.3M	$159.3M	—	View 990
2015	$14.0M	$27.9M	$111.8M	$158.8M	—	View 990
2014	$6.6M	$23.5M	$117.0M	$150.2M	—	View 990
2013	$3.3M	$15.3M	$128.8M	$144.9M	—	View 990
2012	$184K	$3.1M	$136.4M	$140.6M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $21.7M, expenses of $25.5M, and assets of $120.1M (revenue +14.7% year-over-year).
2022: Revenue of $18.9M, expenses of $22.8M, and assets of $83.5M (revenue -4.5% year-over-year).
2021: Revenue of $19.8M, expenses of $23.9M, and assets of $86.4M (revenue +9.0% year-over-year).
2020: Revenue of $18.2M, expenses of $24.6M, and assets of $89.5M (revenue +11.6% year-over-year).
2019: Revenue of $16.3M, expenses of $23.9M, and assets of $90.6M (revenue -2.4% year-over-year).
2018: Revenue of $16.7M, expenses of $23.1M, and assets of $100.0M (revenue +2.4% year-over-year).
2017: Revenue of $16.3M, expenses of $30.0M, and assets of $91.3M (revenue +4.3% year-over-year).
2016: Revenue of $15.6M, expenses of $28.6M, and assets of $103.3M (revenue +11.2% year-over-year).
2015: Revenue of $14.0M, expenses of $27.9M, and assets of $111.8M (revenue +112.2% year-over-year).
2014: Revenue of $6.6M, expenses of $23.5M, and assets of $117.0M (revenue +103.2% year-over-year).
2013: Revenue of $3.3M, expenses of $15.3M, and assets of $128.8M (revenue +1664.0% year-over-year).
2012: Revenue of $184K, expenses of $3.1M, and assets of $136.4M.

Data Sources and Methodology

This transparency report for Friendship Village Of Mill Creek Nfp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.