Civic Intelligence

Booth Manor Inc.

990 • Fiscal year 2019 • EIN 36-3712591

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 17, 2020

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

95th percentile

1.35x

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

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

Liabilities / Revenue

96th percentile

6.22x

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

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

Net Margin

12th percentile

-22%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$256,019

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 44.6% of source-year revenue.

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

Asset Growth

33rd percentile

-1.5%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

37th percentile

-0.7%

Faster revenue growth than 37% of similar nonprofits.

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

Assets

Down

$2,654,047

Down $40,670 (-1.5%) from 2018

Net Assets

Down

-$915,742

Down $127,935 (-16%) from 2018

Liabilities

Up

$3,569,789

Up $87,265 (+2.5%) from 2018

Revenue

Down

$573,993

Down $4,280 (-0.7%) from 2018

Expenses

Up

$701,928

Up $83,627 (+14%) from 2018

Net Income

Down

-$127,935

Down $87,907 (-220%) from 2018

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

2019

Assets$2,654,047
Liabilities$3,569,789
Net Assets-$915,742

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

2019

Revenue$573,993
Expenses$701,928
Net Income-$127,935
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 17, 2020
Return Version
2018v3.2
Gross Receipts
$573,993
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$2,099,969$1,966,619▼ $133,350
Cash and Non-Interest-Bearing Accounts$21,473$50,051▲ $28,578
Accounts Receivable$40,162$14,664▼ $25,498
Total Assets$2,694,717$2,654,047▼ $40,670
Other Assets Total$533,113$622,713▲ $89,600
Liabilities
Other Liabilities$3,461,777$3,478,864▲ $17,087
Accounts Payable and Accrued Expenses$19,439$88,714▲ $69,275
Deferred Revenue$1,308$2,211▲ $903
Total Liabilities$3,482,524$3,569,789▲ $87,265
Net Assets / Fund Balance
Unrestricted Net Assets$-787,807$-915,742▼ $127,935
Total Net Assets Fund Balance$-787,807$-915,742▼ $127,935
Total Liabilities and Net Assets / Fund Balance$2,694,717$2,654,047▼ $40,670

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,596,713$2,721,864$4,318,577
Land$247,604-$247,604
Other Land Buildings$64,230$60,939$125,169
Equipment$58,072$33,767$91,839
Other Assets Org$47,641--
Compensation and Service Providers

Employees

NameTitleOtherTotal
F Bradford BaileyPresident$60,127$60,127
Charles H SmithTrustee$54,743$54,743
Renea SmithAsst Secretary$53,829$53,829
Steven M HowardVice President$52,961$52,961
Beverly GatesAsst Treasurer$51,197$51,197
Philip MaxwellTrustee$46,573$46,573

Board Members and Trustees

NameTitle
David E HudsonChairman
Barry SwansonTrustee
Bramwell E HigginsSecretary
Richard T AmickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$333,310
Program Service Revenue
$240,581
Investment Income
$102
Other Revenue
$0
Change in Net Assets
$-127,935

Audited Revenue Reconciliation

Revenue per Audited Statements
$573,993
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$573,993
Total Revenue per Form 990
$573,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$546,569
Salaries, Compensation, and Employee Benefits$155,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$239,562$22,057-$261,619
Depreciation Depletion$133,350--$133,350
Other Salaries and Wages$80,631$47,000-$127,631
Office Expenses$47,775$31,692-$79,467
Other Expenses$33,659--$33,659
Fees for Services Management-$28,473-$28,473
Other Employee Benefits$17,040--$17,040
Payroll Taxes$10,688--$10,688
Insurance$5,501--$5,501
Fees for Services Accounting-$4,500-$4,500
Total Functional Expenses$568,206$133,722$0$701,928

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$701,928
Total Expenses per Audited Statements$701,928
Total Expenses per Form 990$701,928
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
H.u.d. Capital Advance$3,429,670
Misc Current Liabilities$33,141
Tenant Security Deposits$16,053
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Section A, Line 3

Line 3 explanation - 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, Section B, Line 11B

Line 11b explanation - the form 990 is reviewed and approved by the board of directors prior to it being filed.

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

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, Section C, Line 19

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
Phone
7737251100
Signed
2020-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bramwell E Higgins
Formed
1987
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Cna Tax Professionals Inc
Address
10475 CROSSPOINT BOULEVARD SUITE, 200, INDIANAPOLIS, IN 46256
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

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. 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 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. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
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