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Organizations Norwood Life Care Foundation- B

Norwood Life Care Foundation- B

Fiscal year ending 2023. Filed on August 28, 2024.

6016 N Nina Ave
Chicago, Illinois 60631

Norwood Life Care Foundation- B (EIN: 36-3558526), also known as Norwood Life Care Foundation, has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2023 IRS Form 990 filing, Norwood Life Care Foundation- B, a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $228,515. The highest compensated employee at Norwood Life Care Foundation- B is Silvia Morici with fiscal year 2023 compensation of $377,974. Norwood Life Care Foundation- B changed its name from Bethesda Foundation in 2018.

Revenue, expenses, and employee compensation

Revenue

$840,635

Expenses

$392,996

Employee compensation

$206,176
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Silvia Morici
Chief Executive Officer
$377,974
$0 $356,279 $21,695
Mary Jo Bade
CORP Clinical SERV Director
$240,394
$0 $227,895 $12,499
Richard Steffens
Chief Financial Officer
$224,813
$0 $203,274 $21,539
Jacinta McGee
Administrator
$151,826
$0 $134,055 $17,771
Peter Lim
Marketing Director
$147,568
$0 $138,281 $9,287

Benchmark Employee Compensation

Non-Employee Board Members

David Hoyem
Director
Doris Pape
Secretary and Treasurer
George Silca
Vice Chair
Ingrid Forsberg
Director
Kim Kidd
Director
Lars Ohrstrom
Director
Linda Horwitz
Director
Martha Peterson
Former Chair
Timothy Kelly
Chair

Mission Statement

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.

Revisions to this organization profile

August 28, 2025:
2024 Norwood Life Care Foundation- B 990 filed
August 28, 2024:
2023 Norwood Life Care Foundation- B 990 filed
August 29, 2023:
2022 Norwood Life Care Foundation- B 990 filed

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