Civic Intelligence

Sunset Woods Association

990 • Fiscal year 2015 • EIN 01-0628727

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 19, 2016

C/O C Later 1150 Half Day RoadHighland Park, IL 60035

(847) 926-1612

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.61x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

6.42x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

38th percentile

-1.8%

Faster asset growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

5.7%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,547,301

Down $28,526 (-1.8%) from 2014

Net Assets

Down

$606,119

Down $28,621 (-4.5%) from 2014

Liabilities

Up

$941,182

Up $95 (+0.0%) from 2014

Revenue

Up

$146,693

Up $7,890 (+5.7%) from 2014

Expenses

Up

$175,314

Up $5,843 (+3.4%) from 2014

Net Income

Up

-$28,621

Up $2,047 (+6.7%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,689,452Liabilities 2011: $941,194Net Assets 2011: $748,2582011Assets 2012: $1,648,310Liabilities 2012: $939,661Net Assets 2012: $708,6492012Assets 2013: $1,605,445Liabilities 2013: $940,037Net Assets 2013: $665,4082013Assets 2014: $1,575,827Liabilities 2014: $941,087Net Assets 2014: $634,7402014Assets 2015: $1,547,301Liabilities 2015: $941,182Net Assets 2015: $606,1192015Assets 2016: $1,520,600Liabilities 2016: $940,238Net Assets 2016: $580,3622016Assets 2017: $1,484,282Liabilities 2017: $923,892Net Assets 2017: $560,3902017Assets 2018: $1,475,117Liabilities 2018: $869,513Net Assets 2018: $605,6042018Assets 2019: $1,361,836Liabilities 2019: $782,357Net Assets 2019: $579,4792019Assets 2020: $1,331,298Liabilities 2020: $780,333Net Assets 2020: $550,9652020Assets 2021: $1,317,768Liabilities 2021: $779,890Net Assets 2021: $537,8782021Assets 2022: $1,279,709Liabilities 2022: $776,476Net Assets 2022: $503,2332022Assets 2023: $1,238,734Liabilities 2023: $665,893Net Assets 2023: $572,8412023Assets 2024: $1,159,718Liabilities 2024: $667,482Net Assets 2024: $492,2362024Assets 2025: $1,127,074Liabilities 2025: $670,960Net Assets 2025: $456,1142025

Highlighted filing

2015

Assets$1,547,301
Liabilities$941,182
Net Assets$606,119

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $123,755Expenses 2011: $145,066Net Income 2011: -$21,3112011Revenue 2012: $134,184Expenses 2012: $173,793Net Income 2012: -$39,6092012Revenue 2013: $133,326Expenses 2013: $176,567Net Income 2013: -$43,2412013Revenue 2014: $138,803Expenses 2014: $169,471Net Income 2014: -$30,6682014Revenue 2015: $146,693Expenses 2015: $175,314Net Income 2015: -$28,6212015Revenue 2016: $145,854Expenses 2016: $171,611Net Income 2016: -$25,7572016Revenue 2017: $141,338Expenses 2017: $161,310Net Income 2017: -$19,9722017Revenue 2018: $196,070Expenses 2018: $150,856Net Income 2018: $45,2142018Revenue 2019: $137,254Expenses 2019: $163,379Net Income 2019: -$26,1252019Revenue 2020: $131,614Expenses 2020: $160,128Net Income 2020: -$28,5142020Revenue 2021: $145,536Expenses 2021: $158,623Net Income 2021: -$13,0872021Revenue 2022: $132,418Expenses 2022: $167,063Net Income 2022: -$34,6452022Revenue 2023: $250,280Expenses 2023: $180,672Net Income 2023: $69,6082023Revenue 2024: $141,389Expenses 2024: $221,994Net Income 2024: -$80,6052024Revenue 2025: $147,974Expenses 2025: $184,096Net Income 2025: -$36,1222025

Highlighted filing

2015

Revenue$146,693
Expenses$175,314
Net Income-$28,621
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 19, 2016
Return Version
2015v2.0
Gross Receipts
$146,693
Mission and Program Overview

Mission

Provide residential rental facilities within the city of highland park, illinois for senior citizens of low and moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,333,882$1,288,307▼ $45,575
Savings and Temporary Cash Investments$128,380$128,949▲ $569
Cash and Non-Interest-Bearing Accounts$91,328$109,210▲ $17,882
Intangible Assets$4,203$2,576▼ $1,627
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,575,827$1,547,301▼ $28,526
Other Assets Total$18,034$18,259▲ $225
Liabilities
Mortgage Notes Payable Secured by Investment Property$650,067$650,285▲ $218
Other Liabilities$291,020$290,897▼ $123
Total Liabilities$941,087$941,182▲ $95
Net Assets / Fund Balance
Unrestricted Net Assets$634,740$606,119▼ $28,621
Total Net Assets Fund Balance$634,740$606,119▼ $28,621
Total Liabilities and Net Assets / Fund Balance$1,575,827$1,547,301▼ $28,526

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,288,307$534,681$1,822,988
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles AdlerPresident
Douglas RossVice President
David T MeekDirector
Joseph S AdlerDirector
Laura SaretDirector
Lisa OldhamDirector
Mary KaltmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$146,064
Investment Income
$609
Other Revenue
$20
Change in Net Assets
$-28,621

Audited Revenue Reconciliation

Revenue per Audited Statements
$146,693
Total Revenue per Audited Statements
$146,693
Total Revenue per Form 990
$146,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$175,314
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$47,202--$47,202
All Other Expenses$15,815--$15,815
Other Expenses$9,175--$9,175
Fees for Services Accounting$5,900--$5,900
Insurance$2,657--$2,657
Fees for Services Legal$1,544--$1,544
Total Functional Expenses$175,314$0$0$175,314

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$175,314
Total Expenses per Audited Statements$175,314
Total Expenses per Form 990$175,314
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Peers Housing Association$258,832
Accrued Real Estate Taxes$20,107
Tenant Security Deposit$11,958
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is reviewed by the board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Sunset Woods Association
EIN
01-0628727
Phone
8479261612
Address
C/O C LATER 1150 HALF DAY ROAD, HIGHLAND PARK, IL 60035

Signing Officer

Name
Charles Adler
Title
President
Signed
2016-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Adler
Formed
2002
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Manning Silverman & Company
Address
175 Olde Half Day Road 290, Lincolnshire, IL 60069
Preparer
Marshall Samuels
Phone
8474598850
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The association is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and is not considered to be a private foundation. It is also required to recognize or derecognize in its financial statements positions taken or expected to be taken in a tax return on a "more likely than not" threshold. The association does not believe its financial statements include any uncertain tax positions. The association's income tax filings for the years 2012 and thereafter remain subject to examination by the internal revenue service.

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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0169471
IRS990/PYOtherRevenueAmt0218
IRS990/PYProgramServiceRevenueAmt0137964
IRS990/PYRevenuesLessExpensesAmt0-30668
IRS990/PYTotalExpensesAmt0169471
IRS990/PYTotalRevenueAmt0138803
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-28621
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0146064
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0128380
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0128949
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0146064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0137964
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0132853
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0132552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0119766
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0669199
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0629
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0839
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0473
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01632
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03989
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07562
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98880
IRS990ScheduleA/PublicSupportPY509Pct00.98660
IRS990ScheduleA/PublicSupportTotal509Amt0669199
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0146064
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0137964
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0132853
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0132552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0119766
IRS990ScheduleA/Total509Grp/TotalAmt0669199
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0146693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0138803
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0133326
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0134184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0123755
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0676761
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01288307
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0534681
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01822988
IRS990ScheduleD/ExpensesSubtotalAmt0175314
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1258832
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211958
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED REAL ESTATE TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO PEERS HOUSING ASSOCIATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0146693
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. IT IS ALSO REQUIRED TO RECOGNIZE OR DERECOGNIZE IN ITS FINANCIAL STATEMENTS POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN ON A "MORE LIKELY THAN NOT" THRESHOLD. THE ASSOCIATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATION'S INCOME TAX FILINGS FOR THE YEARS 2012 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01288307
IRS990ScheduleD/TotalExpensesPerForm990Amt0175314
IRS990ScheduleD/TotalLiabilityAmt0290897
IRS990ScheduleD/TotalRevenuePerForm990Amt0146693
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0146693
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0175314
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01575827
IRS990/TotalAssetsEOYAmt01547301
IRS990/TotalAssetsGrp/BOYAmt01575827
IRS990/TotalAssetsGrp/EOYAmt01547301
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175314
IRS990/TotalFunctionalExpensesGrp/TotalAmt0175314
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0941087
IRS990/TotalLiabilitiesEOYAmt0941182
IRS990/TotalLiabilitiesGrp/BOYAmt0941087
IRS990/TotalLiabilitiesGrp/EOYAmt0941182
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0634740
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0606119
IRS990/TotalProgramServiceExpensesAmt0175314
IRS990/TotalProgramServiceRevenueAmt0146064
IRS990/TotalRevenueGrp/ExclusionAmt0609
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0146084
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0146693
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01575827
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01547301
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0634740
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0606119
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03360 DATO
IRS990/USAddress/CityNm0HIGHLAND PARK
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060035
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.13$0.67$0.46$0.15$0.18$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.67$0.49$0.14$0.22$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.67$0.57$0.25$0.18$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.28$0.78$0.50$0.13$0.17$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.32$0.78$0.54$0.15$0.16$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.33$0.78$0.55$0.13$0.16$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.36$0.78$0.58$0.14$0.16$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.87$0.61$0.20$0.15$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.48$0.92$0.56$0.14$0.16$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.94$0.58$0.15$0.17$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.55$0.94$0.61$0.15$0.18$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.58$0.94$0.63$0.14$0.17$0.03
2013Summary only. Only limited summary data is available for this year.$1.61$0.94$0.67$0.13$0.18$0.04
2012Summary only. Only limited summary data is available for this year.$1.65$0.94$0.71$0.13$0.17$0.04
2011Summary only. Only limited summary data is available for this year.$1.69$0.94$0.75$0.12$0.15$0.02