Civic Intelligence

Booth Manor Inc.

990 • Fiscal year 2015 • EIN 36-3712591

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 24, 2016

5040 North Pulaski RoadChicago, IL 60630

(773) 725-1100

Siviq Scores

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

Liabilities / Assets

94th percentile

1.23x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

6.24x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

23rd percentile

-7.7%

Higher net margin than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$200,850

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 35.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

41st percentile

-1.3%

Faster asset growth than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

35th percentile

-1.9%

Faster revenue growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,899,168

Down $37,337 (-1.3%) from 2014

Net Assets

Down

-$658,776

Down $44,033 (-7.2%) from 2014

Liabilities

Up

$3,557,944

Up $6,696 (+0.2%) from 2014

Revenue

Down

$570,540

Down $10,980 (-1.9%) from 2014

Expenses

Down

$614,573

Down $13,282 (-2.1%) from 2014

Net Income

Up

-$44,033

Up $2,302 (+5.0%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2013: $3,047,191Liabilities 2013: $3,615,599Net Assets 2013: -$568,4082013Assets 2014: $2,936,505Liabilities 2014: $3,551,248Net Assets 2014: -$614,7432014Assets 2015: $2,899,168Liabilities 2015: $3,557,944Net Assets 2015: -$658,7762015Assets 2016: $2,830,971Liabilities 2016: $3,533,432Net Assets 2016: -$702,4612016Assets 2017: $2,733,395Liabilities 2017: $3,481,174Net Assets 2017: -$747,7792017Assets 2018: $2,694,717Liabilities 2018: $3,482,524Net Assets 2018: -$787,8072018Assets 2019: $2,654,047Liabilities 2019: $3,569,789Net Assets 2019: -$915,7422019Assets 2020: $2,553,197Liabilities 2020: $3,520,504Net Assets 2020: -$967,3072020Assets 2021: $2,494,946Liabilities 2021: $3,666,100Net Assets 2021: -$1,171,1542021Assets 2022: $2,414,705Liabilities 2022: $3,719,419Net Assets 2022: -$1,304,7142022Assets 2023: $2,333,722Liabilities 2023: $3,764,369Net Assets 2023: -$1,430,6472023Assets 2024: $2,304,903Liabilities 2024: $3,735,260Net Assets 2024: -$1,430,3572024

Highlighted filing

2015

Assets$2,899,168
Liabilities$3,557,944
Net Assets-$658,776

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2013: $558,9052013Revenue 2014: $581,520Expenses 2014: $627,855Net Income 2014: -$46,3352014Revenue 2015: $570,540Expenses 2015: $614,573Net Income 2015: -$44,0332015Revenue 2016: $583,130Expenses 2016: $626,815Net Income 2016: -$43,6852016Revenue 2017: $581,056Expenses 2017: $626,374Net Income 2017: -$45,3182017Revenue 2018: $578,273Expenses 2018: $618,301Net Income 2018: -$40,0282018Revenue 2019: $573,993Expenses 2019: $701,928Net Income 2019: -$127,9352019Revenue 2020: $570,296Expenses 2020: $621,861Net Income 2020: -$51,5652020Revenue 2021: $565,786Expenses 2021: $769,633Net Income 2021: -$203,8472021Revenue 2022: $549,109Expenses 2022: $682,669Net Income 2022: -$133,5602022Revenue 2023: $524,041Expenses 2023: $738,724Net Income 2023: -$214,6832023Revenue 2024: $634,522Expenses 2024: $634,232Net Income 2024: $2902024

Highlighted filing

2015

Revenue$570,540
Expenses$614,573
Net Income-$44,033
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 24, 2016
Return Version
2014v6.0
Gross Receipts
$570,540
Mission and Program Overview

Mission

Provide low-income elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living.

Provide housing and service for low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,611,518$2,473,447▼ $138,071
Accounts Receivable$5,073$34,922▲ $29,849
Cash and Non-Interest-Bearing Accounts$25,206$26,169▲ $963
Prepaid Expenses and Deferred Charges$2,098$0▼ $2,098
Savings and Temporary Cash Investments-$0-
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$2,936,505$2,899,168▼ $37,337
Other Assets Total$292,610$364,630▲ $72,020
Liabilities
Other Liabilities$3,531,526$3,533,686▲ $2,160
Accounts Payable and Accrued Expenses$19,515$23,702▲ $4,187
Deferred Revenue$207$556▲ $349
Total Liabilities$3,551,248$3,557,944▲ $6,696
Net Assets / Fund Balance
Unrestricted Net Assets$-614,743$-658,776▼ $44,033
Total Net Assets Fund Balance$-614,743$-658,776▼ $44,033
Total Liabilities and Net Assets / Fund Balance$2,936,505$2,899,168▼ $37,337

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,225,843$2,273,697$4,499,540
Land$247,604-$247,604
Other Assets Org$14,804--
Compensation and Service Providers

Employees

NameTitleOtherTotal
E Randall PolsleyPast Asst Treas$79,585$79,585
Paul R SeilerPresident$74,545$74,545
Charles H SmithTrustee$71,064$71,064
Richard AmickTreasurer$67,859$67,859
Jeffrey J SmithVice President$67,286$67,286
Paul D SmithTrustee$67,235$67,235
Ralph BukiewiczAsst. Secretary$66,639$66,639
Richard E HerivelAsst. Treasurer$60,774$60,774

Board Members and Trustees

NameTitle
David E JeffreyChairman
Bramwell E HigginsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$350,890
Program Service Revenue
$218,277
Investment Income
$64
Other Revenue
$1,309
Change in Net Assets
$-44,033

Audited Revenue Reconciliation

Revenue per Audited Statements
$570,540
Total Revenue per Audited Statements
$570,540
Total Revenue per Form 990
$570,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$396,749
Salaries, Compensation, and Employee Benefits$217,824
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$185,975--$185,975
Depreciation Depletion$144,062--$144,062
Occupancy$107,205--$107,205
Office Expenses$90,404--$90,404
Fees for Services Management-$26,680-$26,680
Other Employee Benefits$19,393--$19,393
Payroll Taxes$12,456--$12,456
Insurance$7,133--$7,133
Fees for Services Accounting$5,400--$5,400
Conferences and Meetings$3,752--$3,752
Other Expenses$1,238--$1,238
Advertising$25--$25
Total Functional Expenses$587,893$26,680$0$614,573

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$614,573
Total Expenses per Audited Statements$614,573
Total Expenses per Form 990$614,573
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
H.u.d. Capital Advance$3,508,673
Tenant Security Deposits$14,163
Miscellaneous Current Liabilities$10,850
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
No
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, Line 3: Description of Delegated Duties to Management Company

The project entered into a management agreement with Lenzy Hayes, Inc., whereby in return for providing management services to the project.

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

The Form 990 is reviewed and approved by the board of directors prior to it being filed.

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

Booth Manor, Inc. is an affiliate of Salvation Army. The conflict of interest policy of the Salvation Army governs the actions of directors and trustees of Booth Manor, Inc. The following is a description of Salvation Armys conflict of interest policy:In order to avoid any appearance that the judgment of a Salvation Army officer or employee has been influenced, it is the policy of the Salvation Army that Salvation Army officers, employees, members or their immediate family (spouse, children and parents) and other household members will not solicit or accept, directly or indirectly, any money, valuables, or favors from any person in circumstances which may affect, or appear to influence the officers or employees business judgment, including from any person who is or seeks to be a vendor of goods or services including consultants, to The Salvation Army (referred to in this policy as Vendors). No Salvation Army officer or employee will accept employment by, or act as a consultant to, any vendor. No Salvation Army Officer or employee or member of the immediate family or member of the household of any officer or employee, shall serve as a director or officer of, or have any financial interest in, any vendor, or accept any business opportunities, commissions, or other financial arrangements that are offered by vendors, or engage in any other conduct with vendors that might appear to compromise the officers or employees judgment or loyalty to The Salvation Army. For the sake of clarity, it shall not be a violation of this policy for officers or employees to receive from a vendor (A) Legitimate business related meals or (B) Entertainment, gifts or favors with an insubstantial or nominal value unless there is a reasonable possibility the item could be construed as quid pro quo for the retention of the vendor.Implementation: All Salvation Army officers will receive a copy of the foregoing policy. Such officers are also subject to various international orders and regulations, including the orders and regulations for the officers of The Salvation Army, which reinforce such policy and, in certain cases, impose more stringent requirements. Failure by a Salvation Army officer to comply with the policy or such orders and regulations will result in discipline, up to and including termination. The foregoing policy will also be included in The Salvation Army Central Territory employee manual, and all employees of The Salvation Army must sign a statement acknowledging receipt of, and agreeing to comply with, the policies in such manual. Any failure by an employee to comply with the policy will result in discipline by The Salvation Army, up to and including termination.

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

Booth Manor, Inc. makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Booth Manor Inc
EIN
36-3712591
Phone
7737251100
Address
5040 NORTH PULASKI ROAD, CHICAGO, IL 60630

Signing Officer

Name
Bramwell E Higgins
Title
Secretary
Signed
2016-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul R Seiler
Formed
1987
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
1
Employees
0

Preparer

Firm
CNA Tax Professionals Inc
Address
8606 Allisonville Rd Ste 120, Indianapolis, IN 46250
Preparer
Xiaolin Shi CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

FIN 48 (ASC 740) Footnote Schedule D, Part X, Line 2 The Corporation qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code; therefore, no provision for income taxes is recognized in the financial statements. It is exempt from income taxes under the provisions of Section 501(a) of the Code.In the event the Corporation was to lose its tax exempt status, income tax expense for the tax reporting entity would include federal and state taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. No such differences existed as of September 30, 2015 and 2014. The Corporation adopted the standard for Accounting for Uncertainty in Income Taxes. The entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. Federal and state tax authorities (if applicable) generally have the right to examine and audit the previous three years of tax returns filed.

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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019393
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0185975
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IRS990/PayrollTaxesGrp/ProgramServicesAmt012456
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IRS990/PrincipalOfficerNm0PAUL R SEILER
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYOtherExpensesAmt0448385
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IRS990/PYProgramServiceRevenueAmt0259213
IRS990/PYRevenuesLessExpensesAmt0-46335
IRS990/PYSalariesCompEmpBnftPaidAmt0179470
IRS990/PYTotalExpensesAmt0627855
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECIEPTS RESERVE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0H.U.D. CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISCELLANEOUS CURRENT LIABILITIES

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