Civic Intelligence

Edgewater Medical Center C/O Crane Simon Clar & Goodman

990 • Fiscal year 2017 • EIN 36-3910261

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 28, 2018

135 S Lasalle Street Ste 3705Chicago, IL 60603

(312) 341-6777

Siviq Scores

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

Liabilities / Assets

100th percentile

32.75x

Higher debt load relative to assets than 100% of similar nonprofits.

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

Liabilities / Revenue

100th percentile

2607.23x

Higher debt load relative to revenue than 100% of similar nonprofits.

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

Net Margin

1st percentile

-7204%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

41st percentile

$36,905

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 141.6% of source-year revenue.

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

Asset Growth

1st percentile

-53%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Assets

Down

$2,075,103

Down $2,315,343 (-53%) from 2016

Net Assets

Down

-$65,882,329

Down $952,484 (-1.5%) from 2016

Liabilities

Down

$67,957,432

Down $1,362,859 (-2.0%) from 2016

Revenue

Up

$26,065

Up $4,829,130 (+101%) from 2016

Expenses

Down

$1,903,724

Down $2,247,279 (-54%) from 2016

Net Income

Up

-$1,877,659

Up $7,076,409 (+79%) from 2016

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50M-$100MAssets 2014: $13,595,309Liabilities 2014: $66,515,649Net Assets 2014: -$52,920,3402014Assets 2015: $13,307,530Liabilities 2015: $73,629,184Net Assets 2015: -$60,321,6542015Assets 2016: $4,390,446Liabilities 2016: $69,320,291Net Assets 2016: -$64,929,8452016Assets 2017: $2,075,103Liabilities 2017: $67,957,432Net Assets 2017: -$65,882,3292017Assets 2018: $1,821,061Liabilities 2018: $67,987,976Net Assets 2018: -$66,166,9152018Assets 2019: $1,813,816Liabilities 2019: $67,957,433Net Assets 2019: -$66,143,6172019Assets 2020: $1,217,319Liabilities 2020: $67,957,433Net Assets 2020: -$66,740,1142020Assets 2021: $1,196,319Liabilities 2021: $67,957,433Net Assets 2021: -$66,761,1142021Assets 2022: $968,215Liabilities 2022: $67,517,619Net Assets 2022: -$66,549,4042022Assets 2023: $968,343Liabilities 2023: $67,534,302Net Assets 2023: -$66,565,9592023Assets 2024: $161,190Liabilities 2024: $66,734,302Net Assets 2024: -$66,573,1122024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2017

Assets$2,075,103
Liabilities$67,957,432
Net Assets-$65,882,329

Operations Trend

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

$5.0M$0-$5.0M-$10MRevenue 2014: $574,793Expenses 2014: $3,439,175Net Income 2014: -$2,864,3822014Revenue 2015: $530,709Expenses 2015: $897,386Net Income 2015: -$366,6772015Revenue 2016: -$4,803,065Expenses 2016: $4,151,003Net Income 2016: -$8,954,0682016Revenue 2017: $26,065Expenses 2017: $1,903,724Net Income 2017: -$1,877,6592017Revenue 2018: $46,468Expenses 2018: $113,650Net Income 2018: -$67,1822018Revenue 2019: $9,380Expenses 2019: $20,720Net Income 2019: -$11,3402019Revenue 2020: $5,438Expenses 2020: $601,925Net Income 2020: -$596,4872020Revenue 2021: $6,712Expenses 2021: $27,712Net Income 2021: -$21,0002021Revenue 2022: $948Expenses 2022: $94,182Net Income 2022: -$93,2342022Revenue 2023: $1,074Expenses 2023: $17,629Net Income 2023: -$16,5552023Revenue 2024: $566Expenses 2024: $7,719Net Income 2024: -$7,1532024Revenue 2025: $0Expenses 2025: $7,751Net Income 2025: -$7,7512025

Highlighted filing

2017

Revenue$26,065
Expenses$1,903,724
Net Income-$1,877,659
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 28, 2018
Return Version
2017v2.3
Gross Receipts
$26,065
Mission and Program Overview

Mission

NONE

Provide healthcare services to individuals in chicago metropolitan area

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,106,313$1,429,359▼ $676,954
Investments Other Securities$358,174$137,150▼ $221,024
Total Assets$3,952,763$2,075,103▼ $1,877,660
Other Assets Total$1,488,276$508,594▼ $979,682
Liabilities
Mortgage Notes Payable Secured by Investment Property$55,686,547$55,686,547→ $0
Unsecured Notes Loans Payable$11,000,000$11,000,000→ $0
Accounts Payable and Accrued Expenses$2,633,744$1,270,885▼ $1,362,859
Total Liabilities$69,320,291$67,957,432▼ $1,362,859
Net Assets / Fund Balance
Unrestricted Net Assets$-65,367,528$-65,882,329▼ $514,801
Total Net Assets Fund Balance$-65,367,528$-65,882,329▼ $514,801
Total Liabilities and Net Assets / Fund Balance$3,952,763$2,075,103▼ $1,877,660

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$508,594--
Closely Held Equity Interests$137,150--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Eugene CraneReceiver/tru$36,905$36,905

Highest Paid Contractors

ContractorServicesLocationCompensation
Greenburg TraurigLegal Services77 W WACKER DR STE 3100, Chicago, IL 60601$112,391
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$225
Investment Income
$86,019
Other Revenue
$-60,179
Change in Net Assets
$-1,877,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,903,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$112,391--$112,391
Fees for Services Accounting$69,602--$69,602
Fees for Services Other$61,239--$61,239
Office Expenses$176--$176
Other Expenses$160--$160
Total Functional Expenses$1,903,724$0$0$1,903,724
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

The hospital has filed for federal bankruptcy protection case 02 b 07378, and the assets are being liquidated in terms of the court order.

Form 990, Page 6, Part VI, Line 11B

The hospital has filed for federal bankruptcy protection case 02 b 07378, and the assets are in the process of being liquidated in terms of the court order.

Form 990, Page 6, Part VI, Line 18

The hospital has filed for federal bankruptcy protection case 02 b 07378, and the assets are in the process of being liquidated in terms of the court order.

Form 990, Page 6, Part VI, Line 19

The hospital has filed for federal bankruptcy protection case 02 b 07378 and the assets are being liquidated in terms of the court order.

Filing and Contact Details

Filer

Filer Name
Edgewater Medical Center
EIN
36-3910261
Phone
3123416777
Address
135 S LASALLE STREET STE 3705, CHICAGO, IL 60603

Signing Officer

Name
Eugene Crane
Title
Receiver/trustee
Phone
3126416777
Signed
2018-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eugene Crane
Formed
1993
Legal Domicile
Il
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Cjbs LLC
Address
2100 SANDERS RD STE 200, NORTHBROOK, IL 60062-6141
Preparer
Larry Goldsmith CPA Jd
Phone
8479452888
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in estimated litigation liabilities 1,362,858

Form 990, Page 12, Part XII, Line 3B

The taxpayer is defunct and no longer an operating entity. The taxpayer is bankruptcy court and its assets have be going through a liquidation process to repay the secured creditor of the hospital. Financial statements are not required. An independent cpa performs teh accounting and income tax preparation.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE HOSPITAL HAS FILED FOR FEDERAL BANKRUPTCY PROTECTION CASE 02 B 07378, AND THE ASSETS ARE IN THE PROCESS OF BEING LIQUIDATED IN TERMS OF THE COURT ORDER.
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt098248
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-5910
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0135 SOUTH LASALLE ST STE 3705
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd060603
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03952763
IRS990/TotalAssetsEOYAmt02075103
IRS990/TotalAssetsGrp/BOYAmt03952763
IRS990/TotalAssetsGrp/EOYAmt02075103
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01903724
IRS990/TotalFunctionalExpensesGrp/TotalAmt01903724
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069320291
IRS990/TotalLiabilitiesEOYAmt067957432
IRS990/TotalLiabilitiesGrp/BOYAmt069320291
IRS990/TotalLiabilitiesGrp/EOYAmt067957432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-65367528
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-65882329
IRS990/TotalProgramServiceExpensesAmt01903724
IRS990/TotalProgramServiceRevenueAmt0225
IRS990/TotalReportableCompFromOrgAmt036905
IRS990/TotalRevenueGrp/ExclusionAmt047
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026018
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026065
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03952763
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02075103
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-65367528
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-65882329
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt011000000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt011000000
IRS990/USAddress/AddressLine1Txt0135 S LASALLE STREET 3705
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060603
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EUGENE CRANE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0RECEIVER/TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03126416777
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDGEWATER MEDICAL CENTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O EUGENE CRANE CUSTODIAN
ReturnHeader/Filer/BusinessNameControlTxt0EDGE
ReturnHeader/Filer/EIN0363910261
ReturnHeader/Filer/PhoneNum03123416777
ReturnHeader/Filer/USAddress/AddressLine1Txt0135 S LASALLE STREET STE 3705
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060603
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04A0C47A48A118E06C96533CB6F6C136A50543B1E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C68E3F3FFC79E152C11AEEBEA52C6FC9F11265A0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.222.59.130
ReturnHeader/FilingSecurityInformation/IPDt02018-09-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:42:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363524803
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CJBS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02100 SANDERS RD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTHBROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0600626141
ReturnHeader/PreparerPersonGrp/PhoneNum08479452888
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY GOLDSMITH CPA JD
ReturnHeader/ReturnTs02018-09-06T09:42:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.01$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$66.7$66.6$0.00$0.01$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$67.5$66.6$0.00$0.02$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$67.5$66.5$0.00$0.09$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$68.0$66.8$0.01$0.03$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$68.0$66.7$0.01$0.60$0.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$68.0$66.1$0.01$0.02$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$68.0$66.2$0.05$0.11$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.08$68.0$65.9$0.03$1.90$1.88
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$69.3$64.9$4.80$4.15$8.95
2015Detailed filing. Detailed filing data is available for this year.$13.3$73.6$60.3$0.53$0.90$0.37
2014Detailed filing. Detailed filing data is available for this year.$13.6$66.5$52.9$0.57$3.44$2.86