Civic Intelligence

Paradise Haven Homes Ltd.

990 • Fiscal year 2017 • EIN 36-3621928

Aug 01, 2016 to Jul 31, 2017 • Filed on Dec 07, 2017

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

(708) 444-4942

Siviq Scores

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

Liabilities / Assets

39th percentile

0.04x

Higher debt load relative to assets than 39% of similar nonprofits.

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

Liabilities / Revenue

50th percentile

0.10x

Higher debt load relative to revenue than 50% of similar nonprofits.

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

Net Margin

19th percentile

-11%

Higher net margin than 19% 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

18th percentile

-5.8%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

31st percentile

-2.3%

Faster revenue growth than 31% of similar nonprofits.

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

Assets

Down

$1,766,995

Down $108,679 (-5.8%) from 2016

Net Assets

Down

$1,691,948

Down $88,785 (-5.0%) from 2016

Liabilities

Down

$75,047

Down $19,894 (-21%) from 2016

Revenue

Down

$772,817

Down $18,471 (-2.3%) from 2016

Expenses

Up

$861,602

Up $24,716 (+3.0%) from 2016

Net Income

Down

-$88,785

Down $43,187 (-95%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,875,674Liabilities 2016: $94,941Net Assets 2016: $1,780,7332016Assets 2017: $1,766,995Liabilities 2017: $75,047Net Assets 2017: $1,691,9482017Assets 2018: $1,694,506Liabilities 2018: $75,769Net Assets 2018: $1,618,7372018Assets 2020: $1,581,045Liabilities 2020: $76,586Net Assets 2020: $1,504,4592020Assets 2021: $1,596,396Liabilities 2021: $59,150Net Assets 2021: $1,537,2462021Assets 2022: $1,571,839Liabilities 2022: $129,463Net Assets 2022: $1,442,3762022Assets 2023: $1,504,159Liabilities 2023: $306,147Net Assets 2023: $1,198,0122023

Highlighted filing

2017

Assets$1,766,995
Liabilities$75,047
Net Assets$1,691,948

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $791,288Expenses 2016: $836,886Net Income 2016: -$45,5982016Revenue 2017: $772,817Expenses 2017: $861,602Net Income 2017: -$88,7852017Revenue 2018: $814,827Expenses 2018: $888,038Net Income 2018: -$73,2112018Revenue 2020: $872,554Expenses 2020: $956,283Net Income 2020: -$83,7292020Revenue 2021: $903,404Expenses 2021: $870,617Net Income 2021: $32,7872021Revenue 2022: $944,528Expenses 2022: $1,039,398Net Income 2022: -$94,8702022Revenue 2023: $895,011Expenses 2023: $1,139,375Net Income 2023: -$244,3642023

Highlighted filing

2017

Revenue$772,817
Expenses$861,602
Net Income-$88,785
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Dec 7, 2017
Return Version
2016v3.0
Gross Receipts
$772,817
Mission and Program Overview

Mission

Provision of affordable housing for eligible low-income tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,640,579$1,555,904▼ $84,675
Savings and Temporary Cash Investments$162,447$178,076▲ $15,629
Accounts Receivable$26,873$17,243▼ $9,630
Cash and Non-Interest-Bearing Accounts$15,637$10,779▼ $4,858
Prepaid Expenses and Deferred Charges$30,138$4,993▼ $25,145
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$1,875,674$1,766,995▼ $108,679
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$58,162$47,337▼ $10,825
Deferred Revenue$28,011$18,950▼ $9,061
Other Liabilities$8,768$8,760▼ $8
Total Liabilities$94,941$75,047▼ $19,894
Net Assets / Fund Balance
Unrestricted Net Assets$1,780,733$1,691,948▼ $88,785
Total Net Assets Fund Balance$1,780,733$1,691,948▼ $88,785
Total Liabilities and Net Assets / Fund Balance$1,875,674$1,766,995▼ $108,679

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,312,614$1,897,581$3,210,195
Other Land Buildings$169,165$381,617$550,782
Land$63,356-$63,356
Equipment$10,769$5,077$15,846
Compensation and Service Providers

Board Members and Trustees

NameTitle
John E TaylorPresident
James H IrwinVice President
Dianne JacksonDirector
Edward ShepherdDirector
Frank RileyDirector
Mamie PaceDirector
Warren F BerryDirector
Antonio L WatsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$772,721
Investment Income
$96
Other Revenue
$0
Change in Net Assets
$-88,785

Audited Revenue Reconciliation

Revenue per Audited Statements
$772,817
Total Revenue per Audited Statements
$772,817
Total Revenue per Form 990
$772,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$660,996
Salaries, Compensation, and Employee Benefits$200,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$142,066--$142,066
Other Salaries and Wages$133,805--$133,805
Office Expenses$97,904--$97,904
All Other Expenses$76,110--$76,110
Other Employee Benefits$43,940--$43,940
Other Expenses$34,077--$34,077
Fees for Services Management$32,976--$32,976
Insurance$32,201--$32,201
Payroll Taxes$22,861--$22,861
Fees for Services Accounting$15,374--$15,374
Fees for Services Legal$5,617--$5,617
Total Functional Expenses$861,602$0$0$861,602

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$861,602
Total Expenses per Audited Statements$861,602
Total Expenses per Form 990$861,602
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
Tenant Security Deposits$8,760
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 management company is engaged to manage day to day operations of rental activity.

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

A draft return is reviewed by the organization's officers prior to filing

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

Management company monitors compliance as part of the management agreement.

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

Organization consistently reviews and monitors compensation package against current market rates.

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

All information is available upon request at the organization's office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Paradise Haven Homes Ltd
EIN
36-3621928
Phone
7084444942
Address
8201 W 183RD STREET - SUITE K, TINLEY PARK, IL 60487

Signing Officer

Name
John E Taylor
Title
President
Signed
2017-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John E Taylor
Formed
1993
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
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 July 31, 2017, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/Desc2TENANT ASSISTANCE PMTS
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt091961
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13631
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2676979
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt091961
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2676979
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3150
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt073
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0638559
IRS990/PYProgramServiceRevenueAmt0791215
IRS990/PYRevenuesLessExpensesAmt0-45598
IRS990/PYSalariesCompEmpBnftPaidAmt0198327
IRS990/PYTotalExpensesAmt0836886
IRS990/PYTotalRevenueAmt0791288
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-88785
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0772721
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0162447
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0178076
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt053
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0274
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0772721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0791215
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0728617
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0700764
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0671624
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03664941
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0274
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01509
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99940
IRS990ScheduleA/PublicSupportTotal509Amt03664941
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0791215
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0728617
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0700764
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0671624
IRS990ScheduleA/Total509Grp/TotalAmt03664941
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0772817
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0791288
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0728670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0701777
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0671898
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03666450
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01312614
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01897581
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03210195
IRS990ScheduleD/EquipmentGrp/BookValueAmt010769
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05077
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015846
IRS990ScheduleD/ExpensesSubtotalAmt0861602
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt063356
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt063356
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0169165
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0381617
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0550782
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0772817
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, 2017, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01555904
IRS990ScheduleD/TotalExpensesPerForm990Amt0861602
IRS990ScheduleD/TotalLiabilityAmt08760
IRS990ScheduleD/TotalRevenuePerForm990Amt0772817
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0772817
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0861602
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MANAGEMENT COMPANY IS ENGAGED TO MANAGE DAY TO DAY OPERATIONS OF RENTAL ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT RETURN IS REVIEWED BY THE ORGANIZATION'S OFFICERS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT COMPANY MONITORS COMPLIANCE AS PART OF THE MANAGEMENT AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION CONSISTENTLY REVIEWS AND MONITORS COMPENSATION PACKAGE AGAINST CURRENT MARKET RATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL INFORMATION IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS.
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 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WESTHAVEN OF ENGLEWOOD LTD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0363518447
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)

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