Civic Intelligence

Oak Crest Residence Association

990 • Fiscal year 2016 • EIN 36-2182083

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 28, 2016

204 South State StreetElgin, IL 60123

(847) 742-2255

Siviq Scores

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

Liabilities / Assets

80th percentile

0.61x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

1.64x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

56th percentile

$133,081

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

17th percentile

-5.8%

Faster asset growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-6.2%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,672,149

Down $348,089 (-5.8%) from 2015

Net Assets

Down

$2,214,409

Down $231,933 (-9.5%) from 2015

Liabilities

Down

$3,457,740

Down $116,156 (-3.3%) from 2015

Revenue

Down

$2,105,516

Down $139,535 (-6.2%) from 2015

Expenses

Down

$2,318,046

Down $48,951 (-2.1%) from 2015

Net Income

Down

-$212,530

Down $90,584 (-74%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,180,921Liabilities 2011: $3,205,341Net Assets 2011: $2,975,5802011Assets 2012: $6,619,966Liabilities 2012: $3,804,532Net Assets 2012: $2,815,4342012Assets 2013: $6,484,180Liabilities 2013: $3,729,350Net Assets 2013: $2,754,8302013Assets 2014: $6,236,993Liabilities 2014: $3,665,049Net Assets 2014: $2,571,9442014Assets 2015: $6,020,238Liabilities 2015: $3,573,896Net Assets 2015: $2,446,3422015Assets 2016: $5,672,149Liabilities 2016: $3,457,740Net Assets 2016: $2,214,4092016Assets 2017: $5,455,220Liabilities 2017: $3,353,592Net Assets 2017: $2,101,6282017Assets 2018: $5,964,755Liabilities 2018: $3,243,793Net Assets 2018: $2,720,9622018Assets 2019: $5,845,955Liabilities 2019: $3,150,155Net Assets 2019: $2,695,8002019Assets 2020: $5,823,401Liabilities 2020: $3,188,970Net Assets 2020: $2,634,4312020Assets 2021: $5,861,183Liabilities 2021: $2,926,980Net Assets 2021: $2,934,2032021Assets 2022: $5,821,339Liabilities 2022: $2,811,838Net Assets 2022: $3,009,5012022Assets 2023: $5,872,516Liabilities 2023: $2,661,608Net Assets 2023: $3,210,9082023Assets 2024: $5,579,182Liabilities 2024: $2,527,634Net Assets 2024: $3,051,5482024

Highlighted filing

2016

Assets$5,672,149
Liabilities$3,457,740
Net Assets$2,214,409

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,448,7462011Expenses 2012: $2,321,7472012Expenses 2013: $2,370,4162013Revenue 2014: $2,250,629Expenses 2014: $2,479,194Net Income 2014: -$228,5652014Revenue 2015: $2,245,051Expenses 2015: $2,366,997Net Income 2015: -$121,9462015Revenue 2016: $2,105,516Expenses 2016: $2,318,046Net Income 2016: -$212,5302016Revenue 2017: $1,813,697Expenses 2017: $1,957,960Net Income 2017: -$144,2632017Revenue 2018: $2,456,903Expenses 2018: $1,810,856Net Income 2018: $646,0472018Revenue 2019: $1,740,469Expenses 2019: $1,778,440Net Income 2019: -$37,9712019Revenue 2020: $1,706,383Expenses 2020: $1,757,966Net Income 2020: -$51,5832020Revenue 2021: $1,835,582Expenses 2021: $1,688,475Net Income 2021: $147,1072021Revenue 2022: $2,050,056Expenses 2022: $1,795,903Net Income 2022: $254,1532022Revenue 2023: $2,312,747Expenses 2023: $2,144,742Net Income 2023: $168,0052023Revenue 2024: $2,029,961Expenses 2024: $2,263,348Net Income 2024: -$233,3872024

Highlighted filing

2016

Revenue$2,105,516
Expenses$2,318,046
Net Income-$212,530
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 28, 2016
Return Version
2015v2.1
Gross Receipts
$2,105,516
Mission and Program Overview

Mission

To meet the changing needs of seniors and their families whilenmaintaining a current approach to care; networking within the community for service excellence, value and ethics.

Low-cost housing and health care for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,436,229$4,249,772▼ $186,457
Savings and Temporary Cash Investments$1,003,908$911,524▼ $92,384
Prepaid Expenses and Deferred Charges$3,853$29,625▲ $25,772
Cash and Non-Interest-Bearing Accounts$67,924$16,162▼ $51,762
Accounts Receivable$31,734$7,879▼ $23,855
Total Assets$6,020,238$5,672,149▼ $348,089
Other Assets Total$476,590$457,187▼ $19,403
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,441,919$3,353,005▼ $88,914
Accounts Payable and Accrued Expenses$122,852$77,965▼ $44,887
Deferred Revenue$9,125$26,770▲ $17,645
Total Liabilities$3,573,896$3,457,740▼ $116,156
Net Assets / Fund Balance
Unrestricted Net Assets$1,969,752$1,757,222▼ $212,530
Permanently Rstr Net Assets$476,590$457,187▼ $19,403
Total Net Assets Fund Balance$2,446,342$2,214,409▼ $231,933
Total Liabilities and Net Assets / Fund Balance$6,020,238$5,672,149▼ $348,089

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,235,484$2,727,500$6,962,984
Equipment$14,288$279,142$293,430
Other Land Buildings$0$9,443$9,443
Other Assets Org$457,187--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$476,590-▼ $19,403-$457,187
2014$480,246-▼ $3,656-$476,590
2013$434,567-▲ $45,679-$480,246
2012$412,282-▲ $22,285-$434,567
2011$434,440-▼ $22,158-$412,282
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan CincinelliExecutive DirectorFT$110,250$22,831$133,081

Board Members and Trustees

NameTitle
Dave MuntzCo-chairman
Michael DelonckerCo-chairman
Tom RakowPast President
Greg SchneiderBoard Member
Patrick HarrisBoard Member
Robert JordanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$55,028
Program Service Revenue
$2,025,502
Investment Income
$20,823
Other Revenue
$4,163
All Other Contributions
$55,028
Change in Net Assets
$-212,530

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,105,516
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-19,403
Total Revenue per Audited Statements
$2,086,113
Total Revenue per Form 990
$2,105,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,288,489
Other Expenses$1,029,557
Total Fundraising Expense$3,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$834,240$124,656-$958,896
Depreciation Depletion$191,323$10,070-$201,393
Interest$187,084--$187,084
Current Officers, Directors, Trustees, and Key Employees$115,350$18,676$3,296$137,322
Occupancy$127,975--$127,975
Other Employee Benefits$89,231$13,333-$102,564
Payroll Taxes$77,758$11,719$230$89,707
Advertising$56,943$17,982-$74,925
Insurance$53,388--$53,388
All Other Expenses$32,973$16,448$292$49,713
Other Expenses$41,118--$41,118
Fees for Services Accounting-$11,480-$11,480
Fees for Services Other$2,870$4,922-$7,792
Conferences and Meetings$3,541$2,671-$6,212
Office Expenses$5,628--$5,628
Fees for Services Legal-$140-$140
Total Functional Expenses$2,082,131$232,097$3,818$2,318,046

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,318,046
Total Expenses per Audited Statements$2,318,046
Total Expenses per Form 990$2,318,046
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,163
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A draft copy of the 990 is provided to the board prior to its filing. The board then reviews and approves the copy which is documented in the board minutes. The approval is then communicated to the outside accountants, who prepare the final filing copy.

Form 990, Part VI, Section B, Line 12C

Each director and member of the governing board shall sign a statement which affirms that they have received a copy of the conflicts of interest policy, read and understand the policy, agree to comply with the policy, and understand that the organization must engage primarily in activities which accomplish one or more of its tax exempt purposes in order to maintain its federal tax exemption.

Form 990, Part VI, Section C, Line 19

The association makes documents available in accordance with applicable law.

Filing and Contact Details

Filer

Filer Name
Oak Crest Residence Association
EIN
36-2182083
Phone
8477422255
Address
204 SOUTH STATE STREET, ELGIN, IL 60123

Signing Officer

Name
Susan Cincinelli
Title
Executive Director
Phone
8477422255
Signed
2016-11-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Cincinelli
Formed
1904
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
75
Volunteers
29

Preparer

Firm
Borhart Spellmeyer & Company LLC
Address
1752 CAPITAL STREET STE 400, ELGIN, IL 60124-7869
Preparer
Vicki Michalski CPA
Phone
8476951775
Supplemental Narrative

Additional Explanations

Part XI, Line 2C

Neither the oversight process nor selection process for an independent accountant has changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Dividend and interest income distributed to oak crest from the endowment is to be used at oak crest's discretion to fund operations with the original endowment remaining intact.

PART X, LINE 2:

The association is a not-for-profit organization that is exempt from federal income taxes under the provision of section 501(c)(3) of the internal revenue code. Accordingly, no provision for income tax expense is included in the accompanying financial statements. The association files an annual exempt organization information return in the u.s. Federal jurisdiction. The association is subject to examination by u.s. Federal tax authorities for three years after a return is due or filed, whichever is later. The association as an exempt organization is not subject to examination by the illinois state tax authorities.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt341118
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0124656
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0834240
IRS990/OtherSalariesAndWagesGrp/TotalAmt0958896
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0230
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011719
IRS990/PayrollTaxesGrp/ProgramServicesAmt077758
IRS990/PayrollTaxesGrp/TotalAmt089707
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0476590
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0457187
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03853
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029625
IRS990/PrincipalOfficerNm0SUSAN CINCINELLI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/Desc0ROOM CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02025502
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02025502
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt090857
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018190
IRS990/PYOtherExpensesAmt01049151
IRS990/PYOtherRevenueAmt03025
IRS990/PYProgramServiceRevenueAmt02132979
IRS990/PYRevenuesLessExpensesAmt0-121946
IRS990/PYSalariesCompEmpBnftPaidAmt01317846
IRS990/PYTotalExpensesAmt02366997
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02245051
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-212530
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02025502
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01003908
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0911524
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt055028
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt089509
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt059805
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt082939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt058385
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0345666
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020823
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt018190
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt017340
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt017238
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014521
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt088112
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02025502
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02132979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02159108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02157210
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02061566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt010536365
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt03288
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt02310
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt013200
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt029255
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt047523
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt095576
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020823
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt018190
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt017340
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017238
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014521
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt088112
IRS990ScheduleA/InvestmentIncomeCYPct00.00800
IRS990ScheduleA/InvestmentIncomePYPct00.00750
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.48640
IRS990ScheduleA/PublicSupportPY509Pct00.54280
IRS990ScheduleA/PublicSupportTotal509Amt05381916
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01238918
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01138588
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01109363
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01069150
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01039672
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt05595691
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt01238918
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt01138588
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt01109363
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01069150
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt01039672
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt05595691
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02083818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02224798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02232113
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02269404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02167474
IRS990ScheduleA/Total509Grp/TotalAmt010977607
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02104641
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02242988
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02249453
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02286642
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02181995
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011065719
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04235484
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02727500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06962984
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0476590
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0457187
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-19403
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0480246
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0476590
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3656
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0434567
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0480246
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045679
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0412282
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0434567
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022285
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0434440
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0412282
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-22158
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014288
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0279142
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0293430
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02318046
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-19403
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0457187
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09443
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09443
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-19403
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02105516
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIVIDEND AND INTEREST INCOME DISTRIBUTED TO OAK CREST FROM THE ENDOWMENT IS TO BE USED AT OAK CREST'S DISCRETION TO FUND OPERATIONS WITH THE ORIGINAL ENDOWMENT REMAINING INTACT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAX EXPENSE IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ASSOCIATION FILES AN ANNUAL EXEMPT ORGANIZATION INFORMATION RETURN IN THE U.S. FEDERAL JURISDICTION. THE ASSOCIATION IS SUBJECT TO EXAMINATION BY U.S. FEDERAL TAX AUTHORITIES FOR THREE YEARS AFTER A RETURN IS DUE OR FILED, WHICHEVER IS LATER. THE ASSOCIATION AS AN EXEMPT ORGANIZATION IS NOT SUBJECT TO EXAMINATION BY THE ILLINOIS STATE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04249772
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0457187
IRS990ScheduleD/TotalExpensesPerForm990Amt02318046
IRS990ScheduleD/TotalRevenuePerForm990Amt02105516
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02086113
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02318046
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE 990 IS PROVIDED TO THE BOARD PRIOR TO ITS FILING. THE BOARD THEN REVIEWS AND APPROVES THE COPY WHICH IS DOCUMENTED IN THE BOARD MINUTES. THE APPROVAL IS THEN COMMUNICATED TO THE OUTSIDE ACCOUNTANTS, WHO PREPARE THE FINAL FILING COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR AND MEMBER OF THE GOVERNING BOARD SHALL SIGN A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, READ AND UNDERSTAND THE POLICY, AGREE TO COMPLY WITH THE POLICY, AND UNDERSTAND THAT THE ORGANIZATION MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION MAKES DOCUMENTS AVAILABLE IN ACCORDANCE WITH APPLICABLE LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEITHER THE OVERSIGHT PROCESS NOR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT HAS CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.58$2.53$3.05$2.03$2.26$0.23
2023Detailed filing. Detailed filing data is available for this year.$5.87$2.66$3.21$2.31$2.14$0.17
2022Detailed filing. Detailed filing data is available for this year.$5.82$2.81$3.01$2.05$1.80$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.86$2.93$2.93$1.84$1.69$0.15
2020Detailed filing. Detailed filing data is available for this year.$5.82$3.19$2.63$1.71$1.76$0.05
2019Detailed filing. Detailed filing data is available for this year.$5.85$3.15$2.70$1.74$1.78$0.04
2018Detailed filing. Detailed filing data is available for this year.$5.96$3.24$2.72$2.46$1.81$0.65
2017Detailed filing. Detailed filing data is available for this year.$5.46$3.35$2.10$1.81$1.96$0.14
2016Detailed filing. Detailed filing data is available for this year.$5.67$3.46$2.21$2.11$2.32$0.21
2015Detailed filing. Detailed filing data is available for this year.$6.02$3.57$2.45$2.25$2.37$0.12
2014Detailed filing. Detailed filing data is available for this year.$6.24$3.67$2.57$2.25$2.48$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$3.73$2.75$2.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$3.80$2.82$2.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$3.21$2.98$2.45