Civic Intelligence

North Woodriver Foundation

990 • Fiscal year 2017 • EIN 36-3515219

Jun 01, 2016 to May 31, 2017 • Filed on Sep 29, 2017

Organization ProfileN/A
8201 W 183rd StreetTinley Park, IL 60487

(708) 444-4942

Siviq Scores

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

Liabilities / Assets

97th percentile

1.62x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

4.15x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

31st percentile

-2.8%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

19th percentile

-5.2%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.5%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$3,058,675

Down $166,851 (-5.2%) from 2016

Net Assets

Down

-$1,898,530

Down $33,390 (-1.8%) from 2016

Liabilities

Down

$4,957,205

Down $133,461 (-2.6%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin31st percentile

Revenue

Up

$1,195,633

Up $29,450 (+2.5%) from 2016

Expenses

Down

$1,229,023

Down $7,012 (-0.6%) from 2016

Net Income

Up

-$33,390

Up $36,462 (+52%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2016: $3,225,526Liabilities 2016: $5,090,666Net Assets 2016: -$1,865,1402016Assets 2017: $3,058,675Liabilities 2017: $4,957,205Net Assets 2017: -$1,898,5302017Assets 2018: $2,934,039Liabilities 2018: $4,881,910Net Assets 2018: -$1,947,8712018Assets 2019: $2,769,771Liabilities 2019: $4,839,088Net Assets 2019: -$2,069,3172019Assets 2020: $2,566,285Liabilities 2020: $4,735,828Net Assets 2020: -$2,169,5432020Assets 2021: $2,374,425Liabilities 2021: $4,651,126Net Assets 2021: -$2,276,7012021Assets 2022: $2,278,880Liabilities 2022: $4,568,531Net Assets 2022: -$2,289,6512022Assets 2023: $2,205,313Liabilities 2023: $4,492,104Net Assets 2023: -$2,286,7912023

Highlighted filing

2017

Assets$3,058,675
Liabilities$4,957,205
Net Assets-$1,898,530
Open 2017 Filing

Operations Trend

Revenue Growth45th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $1,166,183Expenses 2016: $1,236,035Net Income 2016: -$69,8522016Revenue 2017: $1,195,633Expenses 2017: $1,229,023Net Income 2017: -$33,3902017Revenue 2018: $1,181,093Expenses 2018: $1,230,434Net Income 2018: -$49,3412018Revenue 2019: $1,211,246Expenses 2019: $1,332,692Net Income 2019: -$121,4462019Revenue 2020: $1,300,861Expenses 2020: $1,401,087Net Income 2020: -$100,2262020Revenue 2021: $1,253,099Expenses 2021: $1,360,257Net Income 2021: -$107,1582021Revenue 2022: $1,278,911Expenses 2022: $1,291,861Net Income 2022: -$12,9502022Revenue 2023: $1,331,001Expenses 2023: $1,328,141Net Income 2023: $2,8602023

Highlighted filing

2017

Revenue$1,195,633
Expenses$1,229,023
Net Income-$33,390
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Sep 29, 2017
Return Version
2016v3.0
Gross Receipts
$1,195,633
Mission and Program Overview

Mission

The project provides housing to eligible low income tenants. Tenants pay a portion of the rent based on their ability to pay as determined by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,780,396$2,537,438▼ $242,958
Savings and Temporary Cash Investments$190,422$227,626▲ $37,204
Intangible Assets$190,415$184,556▼ $5,859
Cash and Non-Interest-Bearing Accounts$17,085$66,455▲ $49,370
Prepaid Expenses and Deferred Charges$16,758$16,312▼ $446
Accounts Receivable$24,906$12,575▼ $12,331
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-
Total Assets$3,225,526$3,058,675▼ $166,851
Other Assets Total$5,544$13,713▲ $8,169
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,961,373$4,890,707▼ $70,666
Other Liabilities$41,247$30,678▼ $10,569
Accounts Payable and Accrued Expenses$86,813$25,007▼ $61,806
Deferred Revenue$1,233$10,813▲ $9,580
Total Liabilities$5,090,666$4,957,205▼ $133,461
Net Assets / Fund Balance
Unrestricted Net Assets$-1,865,140$-1,898,530▼ $33,390
Total Net Assets Fund Balance$-1,865,140$-1,898,530▼ $33,390
Total Liabilities and Net Assets / Fund Balance$3,225,526$3,058,675▼ $166,851

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,792,646$2,287,220$4,079,866
Leasehold Improvements$619,947$432,659$1,052,606
Equipment$24,864$356,151$381,015
Land$99,981-$99,981
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Rev Gerald M DewPresident
Ricky GuytonVice President
Rev George DanielsDirector
Rev Herman LarryDirector
John TaylorSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,195,353
Investment Income
$280
Other Revenue
$0
Change in Net Assets
$-33,390

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,195,633
Total Revenue per Audited Statements
$1,195,633
Total Revenue per Form 990
$1,195,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$940,861
Salaries, Compensation, and Employee Benefits$288,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$257,417--$257,417
Other Salaries and Wages$217,900--$217,900
Interest$214,166--$214,166
All Other Expenses$117,872--$117,872
Fees for Services Management$48,852--$48,852
Other Employee Benefits$44,695--$44,695
Office Expenses$41,315--$41,315
Insurance$32,076--$32,076
Payroll Taxes$25,567--$25,567
Other Expenses$25,337--$25,337
Fees for Services Accounting$19,694--$19,694
Fees for Services Legal$9,760--$9,760
Advertising$32--$32
Total Functional Expenses$1,229,023$0$0$1,229,023

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,229,023
Total Expenses per Audited Statements$1,229,023
Total Expenses per Form 990$1,229,023
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
Accrued Interest$17,729
Security Deposits$10,467
Accrued Wages$2,482
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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

“A property management company provides general management services for the building under the direction of the Board.”

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

“Form 990 copy is provided for review of Board and Officers.”

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

“BOARD MEETING TOPICS”

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

“No officers or board members are compensated. All other personnel are employees of the professional management company. The management company compensation is determined via contract negotiation and it is approved by HUD.”

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

“Board reviews and approves management company's contract and management company's on-site employees.”

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

“On hand upon request in management office”

Filing and Contact Details

Filer

Filer Name
North Woodriver Foundation
EIN
36-3515219
Phone
7084444942
Address
8201 W 183RD STREET, TINLEY PARK, IL 60487

Signing Officer

Name
John Taylor
Title
Secretary
Signed
2017-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Gerald M Dew
Formed
1992
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Wieland & Company Inc Cpas
Address
201 HOUSTON STREET SUITE 301, BATAVIA, IL 60510
Preparer
Paul H Wieland CPA
Phone
6304064490
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is tax exempt under Internal Revenue Code Section 501(c)(3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of May 31, 2017, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is tax exempt under Internal Revenue Code Section 501(c)(3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of May 31, 2017, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A property management company provides general management services for the building under the direction of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 copy is provided for review of Board and Officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEETING TOPICS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No officers or board members are compensated. All other personnel are employees of the professional management company. The management company compensation is determined via contract negotiation and it is approved by HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board reviews and approves management company's contract and management company's on-site employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5On hand upon request in management office
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
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IRS990/TerminateOperationsInd0false
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IRS990/USAddress/AddressLine1Txt08201 W 183RD STREET - SUITE K
IRS990/USAddress/CityNm0TINLEY PARK

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,058,675
Liabilities
$4,957,205
Net assets
-$1,898,530
Revenue
$1,195,633
Expenses
$1,229,023
Net income
-$33,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.21$4.49$2.29$1.33$1.33$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.28$4.57$2.29$1.28$1.29$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.37$4.65$2.28$1.25$1.36$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.57$4.74$2.17$1.30$1.40$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.77$4.84$2.07$1.21$1.33$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.93$4.88$1.95$1.18$1.23$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.06$4.96$1.90$1.20$1.23$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.23$5.09$1.87$1.17$1.24$0.07