Civic Intelligence

Castle Manor Inc

990 • Fiscal year 2021 • EIN 26-2848764

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 19, 2022

1550 Castle Manor DriveLincoln, IL 62656

(217) 732-2310

Siviq Scores

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

Liabilities / Assets

90th percentile

0.84x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

2.59x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

52nd percentile

14%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

33rd percentile

3.0%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

41st percentile

5.7%

Faster revenue growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$7,321,481

Up $210,492 (+3.0%) from 2020

Net Assets

Up

$1,191,678

Up $321,391 (+37%) from 2020

Liabilities

Down

$6,129,803

Down $110,899 (-1.8%) from 2020

Revenue

Up

$2,363,290

Up $126,525 (+5.7%) from 2020

Expenses

Down

$2,041,899

Down $163,284 (-7.4%) from 2020

Net Income

Up

$321,391

Up $289,809 (+918%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $8,361,605Liabilities 2010: $8,594,482Net Assets 2010: -$232,8772010Assets 2011: $8,470,408Liabilities 2011: $8,632,599Net Assets 2011: -$162,1912011Assets 2012: $8,444,648Liabilities 2012: $8,609,595Net Assets 2012: -$164,9472012Assets 2013: $8,586,524Liabilities 2013: $8,535,354Net Assets 2013: $51,1702013Assets 2014: $8,827,059Liabilities 2014: $7,999,765Net Assets 2014: $827,2942014Assets 2015: $8,676,504Liabilities 2015: $7,884,265Net Assets 2015: $792,2392015Assets 2016: $8,409,053Liabilities 2016: $7,650,036Net Assets 2016: $759,0172016Assets 2017: $8,365,095Liabilities 2017: $7,595,041Net Assets 2017: $770,0542017Assets 2018: $7,573,805Liabilities 2018: $6,802,443Net Assets 2018: $771,3622018Assets 2020: $7,110,989Liabilities 2020: $6,240,702Net Assets 2020: $870,2872020Assets 2021: $7,321,481Liabilities 2021: $6,129,803Net Assets 2021: $1,191,6782021Assets 2024: $7,577,153Liabilities 2024: $5,025,921Net Assets 2024: $2,551,2322024

Highlighted filing

2021

Assets$7,321,481
Liabilities$6,129,803
Net Assets$1,191,678

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,008,7802010Expenses 2011: $1,647,5902011Expenses 2012: $1,759,2242012Revenue 2013: $1,913,365Expenses 2013: $1,697,248Net Income 2013: $216,1172013Revenue 2014: $2,644,361Expenses 2014: $1,868,237Net Income 2014: $776,1242014Revenue 2015: $1,942,721Expenses 2015: $1,977,776Net Income 2015: -$35,0552015Revenue 2016: $1,903,159Expenses 2016: $1,936,381Net Income 2016: -$33,2222016Revenue 2017: $1,977,491Expenses 2017: $1,966,454Net Income 2017: $11,0372017Revenue 2018: $2,043,327Expenses 2018: $2,042,019Net Income 2018: $1,3082018Revenue 2020: $2,236,765Expenses 2020: $2,205,183Net Income 2020: $31,5822020Revenue 2021: $2,363,290Expenses 2021: $2,041,899Net Income 2021: $321,3912021Revenue 2024: $3,052,283Expenses 2024: $2,836,282Net Income 2024: $216,0012024

Highlighted filing

2021

Revenue$2,363,290
Expenses$2,041,899
Net Income$321,391
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 19, 2022
Return Version
2021v4.0
Gross Receipts
$2,363,290
Mission and Program Overview

Mission

Supportive living facility providing residential facilities and assistance with daily living activities for seniors in central illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,742,280$5,630,274▼ $112,006
Cash and Non-Interest-Bearing Accounts$1,037,812$1,249,382▲ $211,570
Savings and Temporary Cash Investments$232,028$255,188▲ $23,160
Accounts Receivable$14,583$102,823▲ $88,240
Prepaid Expenses and Deferred Charges$48,557$44,144▼ $4,413
Inventories for Sale or Use$17,300$22,018▲ $4,718
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-
Intangible Assets-$0-
Total Assets$7,110,989$7,321,481▲ $210,492
Other Assets Total$18,429$17,652▼ $777
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,865,549$5,814,993▼ $50,556
Accounts Payable and Accrued Expenses$158,561$169,049▲ $10,488
Deferred Revenue$1,800$89,631▲ $87,831
Unsecured Notes Loans Payable$214,792$56,130▼ $158,662
Total Liabilities$6,240,702$6,129,803▼ $110,899
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$870,287$1,191,678▲ $321,391
Total Net Assets Fund Balance$870,287$1,191,678▲ $321,391
Total Liabilities and Net Assets / Fund Balance$7,110,989$7,321,481▲ $210,492

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,967,439$2,014,838$6,982,277
Leasehold Improvements$566,371$249,536$815,907
Equipment$96,464$527,589$624,053
Compensation and Service Providers

Board Members and Trustees

NameTitle
Seth GoodmanPresident
Cheri LowneyDirector
Sharon AweDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Heritage Operations Group LLCManagement115 W JEFFERSON SUITE 401, Bloomington, IL 61702$239,658
Revenue and Support

Revenue Composition

Contributions and Grants
$188,194
Program Service Revenue
$2,174,612
Investment Income
$484
Other Revenue
$0
All Other Contributions
$50
Change in Net Assets
$321,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,125,433
Salaries, Compensation, and Employee Benefits$916,466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$650,479$70,558-$721,037
Depreciation Depletion$203,976$2,060-$206,036
Interest$152,345$1,531-$153,876
Other Employee Benefits$121,008$9,471-$130,479
Fees for Services Management-$109,783-$109,783
Occupancy$100,122$1,991-$102,113
Insurance$94,528$2,226-$96,754
Fees for Services Other$19,820$54,675-$74,495
Payroll Taxes$54,467$9,695-$64,162
Information Technology$1,902$31,249-$33,151
Fees for Services Accounting-$17,081-$17,081
All Other Expenses$8,958$8,028-$16,986
Advertising-$16,542-$16,542
Other Expenses$8,684--$8,684
Office Expenses-$4,601-$4,601
Pension Plan Contributions$732$56-$788
Conferences and Meetings$544--$544
Fees for Services Legal-$290-$290
Travel$101$101-$202
Total Functional Expenses$1,701,961$339,938$0$2,041,899
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Heritage operations group, llc independently manages castle manor, inc. Duties include employing the director of the facility; billing residents; paying the bills, etc.

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

Management reviews the 990. The board reviews and approves the audit from which the 990 was prepared.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Reviewed at regular board meetings and staff meetings.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board reviews other area assisted living facilities and industry standards for computing compensation.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board reviews other area assisted living facilities and industry standards for computing compensation.

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

The documents are held in the facility's business office, which is open during normal business hours.

Filing and Contact Details

Filer

Filer Name
Castle Manor Inc
EIN
26-2848764
Phone
2177322310
Address
1550 CASTLE MANOR DRIVE, LINCOLN, IL 62656

Signing Officer

Name
Seth Goodman
Title
President
Signed
2022-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth Goodman
Formed
2007
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
48
Volunteers
3

Preparer

Firm
JM Abbott & Associates Ltd
Address
207 S McLean St, Lincoln, IL 62656
Preparer
Clayton GeorgeCPA
Phone
2177351576
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A - Number of Employees Reported

St. Clara's senior services, inc., a supporting organization, is the employer of all employees of castle manor, inc and files all related payroll forms. Castle manor reimburses st. Clara's senior services, inc. For all employee costs.

Financial Statement Notes

Part X : FIN48 Footnote

Note l to the audited financial statements reads as follows: the organization is chartered as an illinois not-for-profit corporation and is exempt from federal taxation under section 501(c)(3) of the internal revenue code. The organziation is required to file federal and state informational returns. With limited exceptions, the organization is no longer subject to income tax examination for any years earlier than 2013 before federal and state purposes. Management has performed its evaluation of all other income tax positions taken on all open informational returns and has determined that there were no positions taken that do not meet the "more likely than not" standard. Accordingly, there are no provisions for income taxes, penalties or interest receivable or payable relating to uncertain income tax provisions in the accompanying financial statements.

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IRS990/PrincipalOfficerNm0SETH GOODMAN
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOTE L TO THE AUDITED FINANCIAL STATEMENTS READS AS FOLLOWS: THE ORGANIZATION IS CHARTERED AS AN ILLINOIS NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM FEDERAL TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANZIATION IS REQUIRED TO FILE FEDERAL AND STATE INFORMATIONAL RETURNS. WITH LIMITED EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR ANY YEARS EARLIER THAN 2013 BEFORE FEDERAL AND STATE PURPOSES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL OTHER INCOME TAX POSITIONS TAKEN ON ALL OPEN INFORMATIONAL RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX PROVISIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05630274
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HERITAGE OPERATIONS GROUP, LLC INDEPENDENTLY MANAGES CASTLE MANOR, INC. DUTIES INCLUDE EMPLOYING THE DIRECTOR OF THE FACILITY; BILLING RESIDENTS; PAYING THE BILLS, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS THE 990. THE BOARD REVIEWS AND APPROVES THE AUDIT FROM WHICH THE 990 WAS PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED AT REGULAR BOARD MEETINGS AND STAFF MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD REVIEWS OTHER AREA ASSISTED LIVING FACILITIES AND INDUSTRY STANDARDS FOR COMPUTING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD REVIEWS OTHER AREA ASSISTED LIVING FACILITIES AND INDUSTRY STANDARDS FOR COMPUTING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DOCUMENTS ARE HELD IN THE FACILITY'S BUSINESS OFFICE, WHICH IS OPEN DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ST. CLARA'S SENIOR SERVICES, INC., A SUPPORTING ORGANIZATION, IS THE EMPLOYER OF ALL EMPLOYEES OF CASTLE MANOR, INC AND FILES ALL RELATED PAYROLL FORMS. CASTLE MANOR REIMBURSES ST. CLARA'S SENIOR SERVICES, INC. FOR ALL EMPLOYEE COSTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART V, LINE 2A - NUMBER OF EMPLOYEES REPORTED
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ST CLARAS SENIOR SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0376075710
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORTING ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0TYPE III
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0200 FIFTH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LINCOLN
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11
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