Civic Intelligence

Oak Crest Residence Association

990 • Fiscal year 2015 • EIN 36-2182083

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 13, 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

79th percentile

0.59x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

85th percentile

1.59x

Higher debt load relative to revenue than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

23rd percentile

-5.4%

Higher net margin than 23% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

55th percentile

$130,775

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

27th percentile

-3.5%

Faster asset growth than 27% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

-0.2%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$6,020,238

Down $216,755 (-3.5%) from 2014

Net Assets

Down

$2,446,342

Down $125,602 (-4.9%) from 2014

Liabilities

Down

$3,573,896

Down $91,153 (-2.5%) from 2014

Revenue

Down

$2,245,051

Down $5,578 (-0.2%) from 2014

Expenses

Down

$2,366,997

Down $112,197 (-4.5%) from 2014

Net Income

Up

-$121,946

Up $106,619 (+47%) from 2014

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

2015

Assets$6,020,238
Liabilities$3,573,896
Net Assets$2,446,342

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

2015

Revenue$2,245,051
Expenses$2,366,997
Net Income-$121,946
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 13, 2016
Return Version
2014v6.0
Gross Receipts
$2,245,051
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$4,639,256$4,436,229▼ $203,027
Savings and Temporary Cash Investments$1,080,031$1,003,908▼ $76,123
Cash and Non-Interest-Bearing Accounts$19,976$67,924▲ $47,948
Accounts Receivable$16,277$31,734▲ $15,457
Prepaid Expenses and Deferred Charges$1,207$3,853▲ $2,646
Total Assets$6,236,993$6,020,238▼ $216,755
Other Assets Total$480,246$476,590▼ $3,656
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,526,600$3,441,919▼ $84,681
Accounts Payable and Accrued Expenses$118,899$122,852▲ $3,953
Deferred Revenue$19,550$9,125▼ $10,425
Total Liabilities$3,665,049$3,573,896▼ $91,153
Net Assets / Fund Balance
Unrestricted Net Assets$2,091,698$1,969,752▼ $121,946
Permanently Rstr Net Assets$480,246$476,590▼ $3,656
Total Net Assets Fund Balance$2,571,944$2,446,342▼ $125,602
Total Liabilities and Net Assets / Fund Balance$6,236,993$6,020,238▼ $216,755

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,434,619$2,528,365$6,962,984
Equipment$1,610$276,884$278,494
Other Land Buildings$0$9,443$9,443
Other Assets Org$476,590--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2010$385,793-▲ $48,647-$434,440
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan CincinelliExecutive DirectorFT$110,250$20,525$130,775

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
$90,857
Program Service Revenue
$2,132,979
Investment Income
$18,190
Other Revenue
$3,025
All Other Contributions
$90,857
Change in Net Assets
$-121,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,245,051
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-3,656
Total Revenue per Audited Statements
$2,241,395
Total Revenue per Form 990
$2,245,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,317,846
Other Expenses$1,049,151
Total Fundraising Expense$3,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$866,616$129,494-$996,110
Depreciation Depletion$192,876$10,151-$203,027
Interest$191,222--$191,222
Current Officers, Directors, Trustees, and Key Employees$110,135$17,832$3,147$131,114
Occupancy$129,710--$129,710
Other Employee Benefits$88,841$13,275-$102,116
Payroll Taxes$77,000$11,506-$88,506
Insurance$63,319--$63,319
Advertising$43,278$13,667-$56,945
All Other Expenses$36,775$16,935$331$54,041
Other Expenses$34,988--$34,988
Fees for Services Accounting-$17,220-$17,220
Fees for Services Legal-$10,125-$10,125
Fees for Services Other$3,412$4,184-$7,596
Conferences and Meetings$3,799$2,866-$6,665
Office Expenses$4,881--$4,881
Total Functional Expenses$2,116,264$247,255$3,478$2,366,997

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,366,997
Total Expenses per Audited Statements$2,366,997
Total Expenses per Form 990$2,366,997
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$3,025
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
2016-01-13
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
71
Volunteers
58

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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IRS990/OtherExpensesGrp/TotalAmt334988
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0129494
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0866616
IRS990/OtherSalariesAndWagesGrp/TotalAmt0996110
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011506
IRS990/PayrollTaxesGrp/ProgramServicesAmt077000
IRS990/PayrollTaxesGrp/TotalAmt088506
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0480246
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0476590
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01207
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03853
IRS990/PrincipalOfficerNm0SUSAN CINCINELLI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1623990
IRS990/ProgramServiceRevenueGrp/Desc0ROOM CHARGES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02118057
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114922
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02118057
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114922
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt059805
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017340
IRS990/PYOtherExpensesAmt01087719
IRS990/PYOtherRevenueAmt014376
IRS990/PYProgramServiceRevenueAmt02159108
IRS990/PYRevenuesLessExpensesAmt0-228565
IRS990/PYSalariesCompEmpBnftPaidAmt01391475
IRS990/PYTotalExpensesAmt02479194
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02250629
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-121946
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02132979
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01080031
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01003908
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt089509
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt059805
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt082939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt058385
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt078776
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0369414
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt018190
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017340
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt017238
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014521
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019498
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt086787
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02132979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02159108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02157210
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02061566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02451717
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt010962580
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt02310
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt013200
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt029255
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt047523
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt092288
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018190
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017340
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt017238
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014521
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt019498
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt086787
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt06247792
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01138588
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01109363
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01069150
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01039672
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0819717
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt05176490
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt01138588
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt01109363
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt01069150
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01039672
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0819717
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt05176490
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02224798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02232113
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02269404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02167474
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02530493
IRS990ScheduleA/Total509Grp/TotalAmt011424282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02242988
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02249453
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02286642
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02181995
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02549991
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011511069
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/BookValueAmt04434619
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02528365
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06962984
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0480246
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0476590
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3656
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0434567
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0480246
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045679
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0412282
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0434567
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022285
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0434440
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0412282
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-22158
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0385793
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0434440
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt048647
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01610
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0276884
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0278494
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02366997
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3656
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0476590
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09443
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09443
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-3656
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02245051
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/TotalBookValueLandBuildingsAmt04436229
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0476590
IRS990ScheduleD/TotalExpensesPerForm990Amt02366997
IRS990ScheduleD/TotalRevenuePerForm990Amt02245051
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02241395
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02366997
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 2C

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