Civic Intelligence

Brementowne Manor

EIN 36-3070170 • 501(c)3 • Tinley Park, IL

Profile

Operation of a retirement community 106 unit multifamily project under section 202 of the housing act of 1959 with a section 8 housing assistance contract

16130 Oak Park AvenueTinley Park, IL 60477

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.87x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

40th percentile

0.2%

Higher net margin than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

36th percentile

-0.5%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

54th percentile

9.5%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$4,989,535

Down $57,884 (-1.1%) from 2023

Liabilities

Down

$4,988,301

Down $61,400 (-1.2%) from 2023

Net Assets

Up

$1,234

Up $3,516 (+154%) from 2023

Revenue

Up

$1,739,973

Up $165,484 (+11%) from 2023

Expenses

Up

$1,736,457

Up $288,024 (+20%) from 2023

Net Income

Down

$3,516

Down $122,540 (-97%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $5,463,836Liabilities 2015: $6,100,274Net Assets 2015: -$636,4382015Assets 2016: $5,432,809Liabilities 2016: $5,955,142Net Assets 2016: -$522,3332016Assets 2017: $5,568,950Liabilities 2017: $6,039,912Net Assets 2017: -$470,9622017Assets 2018: $5,283,005Liabilities 2018: $5,737,977Net Assets 2018: -$454,9722018Assets 2019: $5,189,709Liabilities 2019: $5,602,673Net Assets 2019: -$412,9642019Assets 2020: $5,113,720Liabilities 2020: $5,455,753Net Assets 2020: -$342,0332020Assets 2021: $5,123,966Liabilities 2021: $5,318,290Net Assets 2021: -$194,3242021Assets 2022: $5,042,608Liabilities 2022: $5,170,946Net Assets 2022: -$128,3382022Assets 2023: $5,047,419Liabilities 2023: $5,049,701Net Assets 2023: -$2,2822023Assets 2024: $4,989,535Liabilities 2024: $4,988,301Net Assets 2024: $1,2342024

Highlighted filing

2024

Assets$4,989,535
Liabilities$4,988,301
Net Assets$1,234

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2015: $1,313,815Expenses 2015: $1,250,011Net Income 2015: $63,8042015Revenue 2016: $1,385,065Expenses 2016: $1,270,960Net Income 2016: $114,1052016Revenue 2017: $1,356,033Expenses 2017: $1,304,662Net Income 2017: $51,3712017Revenue 2018: $1,370,862Expenses 2018: $1,354,872Net Income 2018: $15,9902018Revenue 2019: $1,372,603Expenses 2019: $1,330,595Net Income 2019: $42,0082019Revenue 2020: $1,407,661Expenses 2020: $1,336,730Net Income 2020: $70,9312020Revenue 2021: $1,469,153Expenses 2021: $1,321,444Net Income 2021: $147,7092021Revenue 2022: $1,451,147Expenses 2022: $1,385,161Net Income 2022: $65,9862022Revenue 2023: $1,574,489Expenses 2023: $1,448,433Net Income 2023: $126,0562023Revenue 2024: $1,739,973Expenses 2024: $1,736,457Net Income 2024: $3,5162024

Highlighted filing

2024

Revenue$1,739,973
Expenses$1,736,457
Net Income$3,516

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 24, 2025
Return Version
2024v5.1
Gross Receipts
$1,739,973
Mission and Program Overview

Mission

Operation of a retirement community 106 unit multifamily project under section 202 of the housing act of 1959 with a section 8 housing assistance contract

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,961,229$3,774,754▼ $186,475
Investments Program Related$854,994$989,904▲ $134,910
Cash and Non-Interest-Bearing Accounts$103,049$93,321▼ $9,728
Prepaid Expenses and Deferred Charges$9,998$11,319▲ $1,321
Accounts Receivable$292$6,606▲ $6,314
Total Assets$5,047,419$4,989,535▼ $57,884
Other Assets Total$117,857$113,631▼ $4,226
Liabilities
Unsecured Notes Loans Payable$3,918,241$3,767,040▼ $151,201
Other Liabilities$1,098,766$1,207,842▲ $109,076
Accounts Payable and Accrued Expenses$32,694$13,419▼ $19,275
Total Liabilities$5,049,701$4,988,301▼ $61,400
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,282$1,234▲ $3,516
Total Net Assets Fund Balance$-2,282$1,234▲ $3,516
Total Liabilities and Net Assets / Fund Balance$5,047,419$4,989,535▼ $57,884

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$55,183--
Buildings$3,049,484$6,782,547-
Land$315,000--
Equipment$410,270$935,565-
Other Assets Org$42,160--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert JohnsonPresident
Daniel CoyneVice President/secretary
Carlen SellersDirector
Carmen MartinezDirector
Denise WilsonDirector
Doc JohnsonDirector
Mike ZoladzDirector
Richard ButerbaughDirector
Jim CalcagnoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,602,865
Investment Income
$5,522
Other Revenue
$131,586
Change in Net Assets
$3,516

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,739,973
Total Revenue per Audited Statements
$1,739,973
Total Revenue per Form 990
$1,739,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,119,016
Salaries, Compensation, and Employee Benefits$617,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$270,500$206,424$0$476,924
All Other Expenses$353,888$0$0$353,888
Depreciation Depletion$334,744$0$0$334,744
Interest$156,528$0$0$156,528
Other Employee Benefits$110,171$0$0$110,171
Insurance$64,241$0$0$64,241
Other Expenses$44,509$0$0$44,509
Payroll Taxes$30,346$0$0$30,346
Office Expenses$0$22,622$0$22,622
Fees for Services Accounting$0$10,665$0$10,665
Fees for Services Legal$4,842$0$0$4,842
Total Functional Expenses$1,405,673$330,784$0$1,736,457

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,736,457
Total Expenses per Audited Statements$1,736,457
Total Expenses per Form 990$1,736,457
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability - Green Grant$985,314
Accrued Insurance Repairs$55,183
Miscellaneous Liabilities$53,060
Replace Reserve Liab-elevator Const.$52,300
Tenant Deposits Held in Trust$41,933
Accrued Interest Payable$12,463
Accrued Management Fee$7,589
Accounts Payable- Hud$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Brementowne Manor
EIN
36-3070170
Phone
7084294088
Address
16130 OAK PARK AVENUE, TINLEY PARK, IL 60477

Signing Officer

Name
Bob Johnson
Title
President
Phone
7084294088
Signed
2025-04-24

Organization Details

Principal Officer
Bob Johnson
Formed
1980
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
13
Volunteers
20

Preparer

Firm
Arthur P Donner CPA
Address
760 NORTH FRONTAGE RD SUITE 105, WILLOWBROOK, IL 60527
Preparer
Arthur P Donner
Phone
6307896709
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

Copies of governing documents and financial statements are provided upon request. The organization does not currenly have a written conflict of interest policy.

Pt VI, Line 6

The organization is an corporation with a board charged with governance

Pt VI, Line 7A

SEE PART VII, SECTION A, Line 1a

Pt VI, Line 11B

A draft of form 990 is provided to board members for their review

Pt VI, Line 15A

SEE RESPONSE to PART VII, SECTION A, Line 1a

Pt VI, Line 15B

SEE RESPONSE to PART VII, SECTION a, line 1a

Form 990, Part IX, Line 24E

Utilities 114495. 114495. 0. 0.

Form 990, Part IX, Line 24E

Contracts 62497. 62497. 0. 0.

Form 990, Part IX, Line 24E

Trash removal 9753. 9753. 0. 0.

Form 990, Part IX, Line 24E

HVAC 15851. 15851. 0. 0.

Form 990, Part IX, Line 24E

Snow removal 6967. 6967. 0. 0.

Form 990, Part IX, Line 24E

Misc. Operating expenses 4915. 4915. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous taxes & licenses 6268. 6268. 0. 0.

Form 990, Part IX, Line 24E

Supplies 12776. 12776. 0. 0.

Form 990, Part IX, Line 24E

Insurance claim repairs 120366. 120366. 0. 0.

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IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND OTHER
IRS990/OtherRevenueMiscGrp/Desc1INSURANCE CLAIM PROCEEDS
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011220
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1120366
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011220
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1120366
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt0131586
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt030346
IRS990/PayrollTaxesGrp/TotalAmt030346
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09998
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011319
IRS990/PrincipalOfficerNm0BOB JOHNSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01602865
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04032
IRS990/PYOtherExpensesAmt0951830
IRS990/PYOtherRevenueAmt05064
IRS990/PYProgramServiceRevenueAmt01565393
IRS990/PYRevenuesLessExpensesAmt0126056
IRS990/PYSalariesCompEmpBnftPaidAmt0496603
IRS990/PYTotalExpensesAmt01448433
IRS990/PYTotalRevenueAmt01574489
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt03516
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt01739973
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: LAUNDRY AND OTHER 2020: 7531. 2021: 11790. 2022: 8155. 2023: 5064. 2024: 11200. Description: INSURANCE CLAIM PROCEEDS 2024: 120366.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05522
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0648
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0361
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0478
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011041
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01602865
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01565393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01442344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01457002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01399652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07467256
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05522
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0648
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0361
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0478
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011041
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0131566
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05064
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08155
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt011790
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07531
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0164106
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.97710
IRS990ScheduleA/PublicSupportPY509Pct00.99310
IRS990ScheduleA/PublicSupportTotal509Amt07467256
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01602865
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01565393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01442344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01457002
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01399652
IRS990ScheduleA/Total509Grp/TotalAmt07467256
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07642403
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03049484
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06782547
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt09832031
IRS990ScheduleD/EquipmentGrp/BookValueAmt0410270
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0935565
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01345835
IRS990ScheduleD/ExpensesSubtotalAmt01736457
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt015775
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1828926
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt247754
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt342266
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt455183
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4ESCROW-INSURANCE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt0315000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0315000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt071471
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt142160
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CAPITALIZED COSTS,NET OF AMORTIZATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07589
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112463
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt253060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt341933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4985314
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt50
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt655183
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt752300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED MANAGEMENT FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISCELLANEOUS LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4LIABILITY - GREEN GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5ACCOUNTS PAYABLE- HUD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6ACCRUED INSURANCE REPAIRS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7REPLACE RESERVE LIAB-ELEVATOR CONST.
IRS990ScheduleD/RevenueSubtotalAmt01739973
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03774754
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0113631
IRS990ScheduleD/TotalBookValueProgramRltdAmt0989904
IRS990ScheduleD/TotalExpensesPerForm990Amt01736457
IRS990ScheduleD/TotalLiabilityAmt01207842
IRS990ScheduleD/TotalRevenuePerForm990Amt01739973
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01739973
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01736457
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true

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