Civic Intelligence

North Woodriver Foundation

990 • Fiscal year 2019 • EIN 36-3515219

Jun 01, 2018 to May 31, 2019 • Filed on Oct 14, 2019

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

1.75x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

4.00x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

18th percentile

-5.6%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

2.6%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$2,769,771

Down $164,268 (-5.6%) from 2018

Net Assets

Down

-$2,069,317

Down $121,446 (-6.2%) from 2018

Liabilities

Down

$4,839,088

Down $42,822 (-0.9%) from 2018

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin20th percentile

Revenue

Up

$1,211,246

Up $30,153 (+2.6%) from 2018

Expenses

Up

$1,332,692

Up $102,258 (+8.3%) from 2018

Net Income

Down

-$121,446

Down $72,105 (-146%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2019

Assets$2,769,771
Liabilities$4,839,088
Net Assets-$2,069,317
Open 2019 Filing

Operations Trend

Revenue Growth46th 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

2019

Revenue$1,211,246
Expenses$1,332,692
Net Income-$121,446
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Oct 14, 2019
Return Version
2018v3.1
Gross Receipts
$1,211,246
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$2,306,124$2,184,656▼ $121,468
Savings and Temporary Cash Investments$252,385$302,644▲ $50,259
Intangible Assets$178,697$172,838▼ $5,859
Cash and Non-Interest-Bearing Accounts$153,691$54,239▼ $99,452
Prepaid Expenses and Deferred Charges$15,673$16,056▲ $383
Accounts Receivable$8,881$9,498▲ $617
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$2,934,039$2,769,771▼ $164,268
Other Assets Total$18,588$29,840▲ $11,252
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,816,905$4,739,828▼ $77,077
Accounts Payable and Accrued Expenses$18,503$36,214▲ $17,711
Other Liabilities$33,769$32,078▼ $1,691
Deferred Revenue$12,733$30,968▲ $18,235
Total Liabilities$4,881,910$4,839,088▼ $42,822
Net Assets / Fund Balance
Unrestricted Net Assets$-1,947,871$-2,069,317▼ $121,446
Total Net Assets Fund Balance$-1,947,871$-2,069,317▼ $121,446
Total Liabilities and Net Assets / Fund Balance$2,934,039$2,769,771▼ $164,268

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,693,301$2,504,691$4,197,992
Leasehold Improvements$280,059$775,613$1,055,672
Equipment$111,315$289,400$400,715
Land$99,981-$99,981
Compensation and Service Providers
Top Officer Pay36th 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
$1,210,190
Investment Income
$1,056
Other Revenue
$0
Change in Net Assets
$-121,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,211,246
Total Revenue per Audited Statements
$1,211,246
Total Revenue per Form 990
$1,211,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,023,151
Salaries, Compensation, and Employee Benefits$309,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$253,579--$253,579
Other Salaries and Wages$248,575--$248,575
Interest$207,731--$207,731
All Other Expenses$107,792--$107,792
Office Expenses$67,593--$67,593
Fees for Services Management$52,560--$52,560
Payroll Taxes$33,070--$33,070
Insurance$32,435--$32,435
Other Expenses$31,789--$31,789
Other Employee Benefits$27,896--$27,896
Fees for Services Accounting$19,694--$19,694
Fees for Services Legal$9,010--$9,010
Conferences and Meetings$1,897--$1,897
Advertising$304--$304
Total Functional Expenses$1,332,692$0$0$1,332,692

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,332,692
Total Expenses per Audited Statements$1,332,692
Total Expenses per Form 990$1,332,692
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$17,182
Security Deposits$12,512
Accrued Wages$2,384
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
2019-10-14
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
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, 2019, 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/Amt12384
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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, 2019, 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/USAddress/AddressLine1Txt08201 W 183RD STREET STE K

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,769,771
Liabilities
$4,839,088
Net assets
-$2,069,317
Revenue
$1,211,246
Expenses
$1,332,692
Net income
-$121,446
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