Admiral at the Lake
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO BUILD A VIBRANT COMMUNITY SO THAT RESIDENTS, EMPLOYEES, AND ANYONE COMING INTO CONTACT WITH THE ADMIRAL MAY LEAD FULL AND AUTHENTIC LIVES OF PURPOSE.
- Income
- $30.3 million
- Spending
- $34.0 million
- Spent on programs
- 79%
- Reserves
- -91.2 months of spending
- Largest source of income
- fees for its services, 88%
- Employees
- 200
- Volunteers
- 70
- Highest pay
- $343,786, ceo
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 34 out of 100. Higher than 4% of charities in its peer group (human services, $10m to $100m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 214% of what it owns.
Living within its means
4 of 15Spending exceeded income by 12% of income.
Income trend
15 of 15Income rose 5% on the year before.
Spending floor
15 of 1579% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 35% of charities in its peer group (human services, $10m to $100m).
Independent board
25 of 2516 of 17 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $27.0 million spent. THE ADMIRAL AT THE LAKE (THE ADMIRAL) IS A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, OR LIFE PLAN COMMUNITY, IN CHICAGO, ILLINOIS CONSISTING OF 196 INDEPENDENT LIVING APARTMENTS, 39 ASSISTED LIVING SUITES, 17 MEMORY CARE UNITS, AND 36 PRIVATE SKILLED NURSING BEDS.IN 2025, THE ADMIRAL AT THE LAKE FULFILLED ITS MISSION AND CHARITABLE PURPOSE BY PROVIDING HOUSING, HEALTHCARE, SUPPORTIVE SERVICES, AND OPPORTUNITIES FOR ENGAGEMENT TO MORE THAN 450 ADULTS AGE 62 AND OLDER. AS OF DECEMBER 31, 2025, THE COMMUNITY MAINTAINED AN OVERALL OCCUPANCY RATE OF 89% ACROSS 196 INDEPENDENT LIVING APARTMENTS AND ITS ASSISTED LIVING, MEMORY SUPPORT, AND SKILLED NURSING RESIDENCES. TOGETHER, THESE RESIDENCES PROVIDE A CONTINUUM OF CARE THAT ALLOWS RESIDENTS TO RECEIVE ADDITIONAL SERVICES AND SUPPORT AS THEIR NEEDS CHANGE.THE ADMIRAL OFFERED WELLNESS, SOCIAL, EDUCATIONAL, AND CULTURAL PROGRAMS SUPPORTING RESIDENTS' PHYSICAL, EMOTIONAL, INTELLECTUAL, AND SOCIAL WELL-BEING. SERVICES INCLUDED FITNESS AND AQUATIC PROGRAMS, INDIVIDUALIZED WELLNESS COACHING, NUTRITION COUNSELING FROM A LICENSED DIETITIAN, AND CHEF-PREPARED MEALS TAILORED TO DIETARY AND HEALTH NEEDS. RESIDENTS ALSO PARTICIPATED IN LECTURES, PERFORMING ARTS PROGRAMS, CULTURAL OUTINGS, CREATIVE ACTIVITIES, AND RESIDENT-LED INTEREST GROUPS THAT ENCOURAGED LIFELONG LEARNING, SOCIAL CONNECTION, AND MEANINGFUL ENGAGEMENT.RESIDENTS ENTERING INDEPENDENT LIVING SIGN LIFE CARE RESIDENCY AGREEMENTS THAT PROVIDE ACCESS TO HOUSING, SERVICES, AND HEALTHCARE THROUGHOUT THEIR TIME AT THE ADMIRAL. CONSISTENT WITH ITS CHARITABLE MISSION, THE ADMIRAL PROVIDES FINANCIAL ASSISTANCE TO QUALIFYING RESIDENTS WHO EXPERIENCE FINANCIAL HARDSHIP. IN 2025, THE ADMIRAL PROVIDED MORE THAN $98,000 IN DIRECT FINANCIAL ASSISTANCE AND SUBSIDIES FOR ROOM AND BOARD, AS WELL AS MEDICAL EXPENSES. THE ADMIRAL ALSO CONTINUED TO HONOR COMMITMENTS UNDER CERTAIN LEGACY RESIDENCY AGREEMENTS COVERING QUALIFYING MEDICAL AND RELATED EXPENSES.THE ADMIRAL'S CHARITABLE ACTIVITIES ALSO EXTENDED TO THE SURROUNDING CHICAGO COMMUNITY. DURING 2025, THE ADMIRAL HOSTED LUNCHEONS FOR MORE THAN 100 STUDENTS AND TEACHERS FROM GOUDY SCHOOL AND PARTNERED WITH ST. IGNATIUS COLLEGE PREP TO CREATE INTERGENERATIONAL TUTORING OPPORTUNITIES INVOLVING RESIDENTS AND STUDENTS. THE ADMIRAL SERVED AS A POLLING LOCATION FOR THE CHICAGO BOARD OF ELECTIONS AND MADE ITS FACILITIES AVAILABLE TO NEIGHBORHOOD ORGANIZATIONS FOR MEETINGS, EDUCATIONAL PROGRAMS, AND COMMUNITY EVENTS.RESIDENTS AND STAFF SUPPORTED LOCAL ORGANIZATIONS THROUGH VOLUNTEER SERVICE, FUNDRAISING, AND COLLECTION DRIVES. ACTIVITIES INCLUDED READING TO ELEMENTARY SCHOOL STUDENTS, SUPPORTING THE ALZHEIMER'S ASSOCIATION THROUGH THE WALK TO END ALZHEIMER'S, AND ORGANIZING CHARITABLE DONATIONS. A WINTER CLOTHING DRIVE COLLECTED DONATIONS FOR CORNERSTONE COMMUNITY OUTREACH. THE QUARTERLY "TRASH TO TREASURE" PROGRAM PROMOTED REUSE AND CHARITABLE GIVING. THE ADMIRAL ALSO SUPPORTED ITS IMMEDIATE NEIGHBORHOOD THROUGH SNOW REMOVAL IN SHARED ALLEYWAYS AND ON ADJACENT SIDEWALKS.AS AN ACTIVE PARTICIPANT IN UPTOWN AND EDGEWATER BUSINESS AND COMMUNITY ORGANIZATIONS, THE ADMIRAL PROVIDED SPACE FOR EDUCATIONAL AND NETWORKING EVENTS AND SUPPORTED NEIGHBORHOOD INITIATIVES, INCLUDING UPTOWN PRIDE ACTIVITIES. THROUGH THESE PROGRAMS AND PARTNERSHIPS, THE ADMIRAL CONTINUED TO ADVANCE ITS MISSION OF ENHANCING THE LIVES OF OLDER ADULTS WHILE SERVING AS AN ENGAGED MEMBER OF THE BROADER COMMUNITY.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1935.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.