Civic Intelligence

Westhaven of Englewood Ltd.

EIN 36-3518447 • 501(c)3 • Tinley Park, IL

Pub. 78 Eligible

Profile

Provision of affordable housing for low-income tenants

8201 W 183rd Street - Suite KTinley Park, IL 60487

n/A

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.07x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.17x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

23rd percentile

-9.4%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

38th percentile

-0.2%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

4.1%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,524,021

Down $3,975 (-0.2%) from 2022

Liabilities

Up

$184,735

Up $99,144 (+116%) from 2022

Net Assets

Down

$2,339,286

Down $103,119 (-4.2%) from 2022

Revenue

Up

$1,091,419

Up $42,752 (+4.1%) from 2022

Expenses

Up

$1,194,538

Up $56,513 (+5.0%) from 2022

Net Income

Down

-$103,119

Down $13,761 (-15%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,770,873Liabilities 2016: $103,137Net Assets 2016: $2,667,7362016Assets 2017: $2,691,728Liabilities 2017: $74,743Net Assets 2017: $2,616,9852017Assets 2018: $2,676,748Liabilities 2018: $88,399Net Assets 2018: $2,588,3492018Assets 2020: $2,664,367Liabilities 2020: $83,802Net Assets 2020: $2,580,5652020Assets 2021: $2,616,834Liabilities 2021: $85,071Net Assets 2021: $2,531,7632021Assets 2022: $2,527,996Liabilities 2022: $85,591Net Assets 2022: $2,442,4052022Assets 2023: $2,524,021Liabilities 2023: $184,735Net Assets 2023: $2,339,2862023

Highlighted filing

2023

Assets$2,524,021
Liabilities$184,735
Net Assets$2,339,286

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $918,700Expenses 2016: $981,303Net Income 2016: -$62,6032016Revenue 2017: $937,058Expenses 2017: $987,809Net Income 2017: -$50,7512017Revenue 2018: $1,020,122Expenses 2018: $1,048,758Net Income 2018: -$28,6362018Revenue 2020: $1,060,985Expenses 2020: $1,083,987Net Income 2020: -$23,0022020Revenue 2021: $1,039,290Expenses 2021: $1,088,092Net Income 2021: -$48,8022021Revenue 2022: $1,048,667Expenses 2022: $1,138,025Net Income 2022: -$89,3582022Revenue 2023: $1,091,419Expenses 2023: $1,194,538Net Income 2023: -$103,1192023

Highlighted filing

2023

Revenue$1,091,419
Expenses$1,194,538
Net Income-$103,119

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Dec 20, 2023
Return Version
2022v5.0
Gross Receipts
$1,091,419
Mission and Program Overview

Mission

Provision of affordable housing for low-income tenants

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,626,884$1,638,780▲ $11,896
Savings and Temporary Cash Investments$751,634$847,939▲ $96,305
Prepaid Expenses and Deferred Charges$3,505$33,866▲ $30,361
Accounts Receivable$5,143$1,482▼ $3,661
Cash and Non-Interest-Bearing Accounts$129,482$418▼ $129,064
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,527,996$2,524,021▼ $3,975
Other Assets Total$11,348$1,536▼ $9,812
Liabilities
Accounts Payable and Accrued Expenses$48,489$123,880▲ $75,391
Other Liabilities$35,932$58,259▲ $22,327
Deferred Revenue$1,170$2,596▲ $1,426
Total Liabilities$85,591$184,735▲ $99,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,442,405$2,339,286▼ $103,119
Total Net Assets Fund Balance$2,442,405$2,339,286▼ $103,119
Total Liabilities and Net Assets / Fund Balance$2,527,996$2,524,021▼ $3,975

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,638,780$3,679,710$5,318,490
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward ShepherdPresident
James IrwinVice President
Amelia DawkinsDirector
Eddie JohnsonDirector
Jesse BurnsDirector
Mamie PaceDirector
Antonio WatsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,091,346
Investment Income
$73
Other Revenue
$0
Change in Net Assets
$-103,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,091,419
Total Revenue per Audited Statements
$1,091,419
Total Revenue per Form 990
$1,091,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$836,959
Salaries, Compensation, and Employee Benefits$357,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$238,012--$238,012
Depreciation Depletion$167,153--$167,153
All Other Expenses$92,859--$92,859
Other Employee Benefits$83,516--$83,516
Other Expenses$61,439--$61,439
Fees for Services Management$54,360--$54,360
Office Expenses$51,725--$51,725
Insurance$47,606--$47,606
Payroll Taxes$36,051--$36,051
Fees for Services Accounting$21,494--$21,494
Fees for Services Legal$9,010--$9,010
Total Functional Expenses$1,194,538$0$0$1,194,538

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,194,538
Total Expenses per Audited Statements$1,194,538
Total Expenses per Form 990$1,194,538
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
Bank Overdraft - Operating$21,610
Accrued Payroll$19,669
Tenant Security Deposits$16,980
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 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
No
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, Section A, Line 3

A management company is engaged to manage day to day operations of rental activity

Form 990, Part VI, Section B, Line 11B

Organization officer reviews and signs form 990

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

Management company monitors compliance as part of the management agreement

Form 990, Part VI, Section B, Line 15A

Organization consistently reviews managment and officer compensation packages against current market rates

Form 990, Part VI, Section C, Line 19

All documents are available upon request made to the management company during reasonable business hours

Filing and Contact Details

Filer

Filer Name
Westhaven of Englewood Ltd
EIN
36-3518447
Phone
7084444942
Address
8201 W 183RD STREET - SUITE K, TINLEY PARK, IL 60487

Signing Officer

Name
Edward Shepherd
Title
President
Signed
2023-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Shepherd
Formed
1993
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Wieland Wallace Inc
Address
232 S Batavia Avenue, 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 July 31, 2022, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3447
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt058
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0776170
IRS990/PYProgramServiceRevenueAmt01048609
IRS990/PYRevenuesLessExpensesAmt0-89358
IRS990/PYSalariesCompEmpBnftPaidAmt0361855
IRS990/PYTotalExpensesAmt01138025
IRS990/PYTotalRevenueAmt01048667
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-103119
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01091419
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0751634
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0847939
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt073
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0152
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01091346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01048609
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01039232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01060901
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01073327
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05313415
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0152
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0425
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt05313415
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01091346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01048609
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01039232
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01060901
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01073327
IRS990ScheduleA/Total509Grp/TotalAmt05313415
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01091419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01048667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01039290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01060985
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01073479
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05313840
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01638780
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03679710
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05318490
IRS990ScheduleD/ExpensesSubtotalAmt01194538
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019669
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216980
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BANK OVERDRAFT - OPERATING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01091419
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 July 31, 2022, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01638780
IRS990ScheduleD/TotalExpensesPerForm990Amt01194538
IRS990ScheduleD/TotalLiabilityAmt058259
IRS990ScheduleD/TotalRevenuePerForm990Amt01091419
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01091419
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01194538
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MANAGEMENT COMPANY IS ENGAGED TO MANAGE DAY TO DAY OPERATIONS OF RENTAL ACTIVITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION OFFICER REVIEWS AND SIGNS FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT COMPANY MONITORS COMPLIANCE AS PART OF THE MANAGEMENT AGREEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION CONSISTENTLY REVIEWS MANAGMENT AND OFFICER COMPENSATION PACKAGES AGAINST CURRENT MARKET RATES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE UPON REQUEST MADE TO THE MANAGEMENT COMPANY DURING REASONABLE BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PARADISE HAVE HOMES LTD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0363621928
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVISION OF AFFORDABLE HOUSING - LOW IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0ACTIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08201 W 183RD STREET SUITE K
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TINLEY PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060487
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false

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