Civic Intelligence

Renaissance Adult Day Services Inc

EIN 36-3922836 • 501(c)3 • Chicago, IL

Profile

Adult Day Care formed to administer a program, which enriches and improves the quality of life and helps fulfill the needs of individuals challenged by advanced age and/or disabilitiesby allowing them to achieve and maintain their maximum level of independent.

7920 South GreenwoodChicago, IL 60619

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

1.03x

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

501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

0.76x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

35th percentile

-2.1%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

22nd percentile

-9.3%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-7.7%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$559,697

Down $57,510 (-9.3%) from 2017

Liabilities

Down

$574,497

Down $41,883 (-6.8%) from 2017

Net Assets

Down

-$14,800

Down $15,627 (-1890%) from 2017

Revenue

Down

$753,077

Down $62,911 (-7.7%) from 2017

Expenses

Down

$768,704

Down $91,372 (-11%) from 2017

Net Income

Up

-$15,627

Up $28,461 (+65%) from 2017

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $500,587Liabilities 2010: $612,772Net Assets 2010: -$112,1852010Assets 2011: $368,709Liabilities 2011: $564,910Net Assets 2011: -$196,2012011Assets 2012: $337,495Liabilities 2012: $597,145Net Assets 2012: -$259,6502012Assets 2013: $340,017Liabilities 2013: $554,218Net Assets 2013: -$214,2012013Assets 2014: $351,541Liabilities 2014: $561,168Net Assets 2014: -$209,6272014Assets 2015: $596,607Liabilities 2015: $774,066Net Assets 2015: -$177,4592015Assets 2016: $739,272Liabilities 2016: $694,357Net Assets 2016: $44,9152016Assets 2017: $617,207Liabilities 2017: $616,380Net Assets 2017: $8272017Assets 2018: $559,697Liabilities 2018: $574,497Net Assets 2018: -$14,8002018

Highlighted filing

2018

Assets$559,697
Liabilities$574,497
Net Assets-$14,800

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $547,2662010Expenses 2011: $554,6972011Expenses 2012: $545,3692012Revenue 2013: $716,693Expenses 2013: $704,356Net Income 2013: $12,3372013Revenue 2014: $917,748Expenses 2014: $913,174Net Income 2014: $4,5742014Revenue 2015: $1,026,049Expenses 2015: $993,881Net Income 2015: $32,1682015Revenue 2016: $1,262,337Expenses 2016: $1,039,963Net Income 2016: $222,3742016Revenue 2017: $815,988Expenses 2017: $860,076Net Income 2017: -$44,0882017Revenue 2018: $753,077Expenses 2018: $768,704Net Income 2018: -$15,6272018

Highlighted filing

2018

Revenue$753,077
Expenses$768,704
Net Income-$15,627

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 19, 2019
Return Version
2018v3.1
Gross Receipts
$753,077
Mission and Program Overview

Mission

Adult Day Care formed to administer

Adult Day Care formed to administer a program, which enriches and improves the quality of life and helps fulfill the needs of individuals challenged by advanced age and/or disabilitiesby allowing them to achieve and maintain their maximum level of independent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$258,920$285,520▲ $26,600
Accounts Receivable$319,433$283,921▼ $35,512
Land, Buildings, and Equipment, Net$291,880$262,917▼ $28,963
Other Notes and Loans Receivable, Net$5,894$12,859▲ $6,965
Total Assets$617,207$559,697▼ $57,510
Liabilities
Other Liabilities$172,021$135,517▼ $36,504
Mortgage Notes Payable Secured by Investment Property$155,906$121,208▼ $34,698
Accounts Payable and Accrued Expenses$29,533$32,252▲ $2,719
Total Liabilities$616,380$574,497▼ $41,883
Net Assets / Fund Balance
Unrestricted Net Assets$827$-14,800▼ $15,627
Total Net Assets Fund Balance$827$-14,800▼ $15,627
Total Liabilities and Net Assets / Fund Balance$617,207$559,697▼ $57,510

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$177,214$412,607$589,821
Other Land Buildings$57,023$158,877$215,900
Equipment$27,074$73,875$100,949
Leasehold Improvements$1,606$36,764$38,370
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carolyn HicksPresident
Angela SkinnerVice President
Linda HowellADS Director
Dr Gessel BerryAdvisory Board
Nettie RadneyAdvisory Board
Rev Jerome ChambersAdvisory Board
Julia CartwrightDirector
Sybil ThomasDirector
William ThomasAssistant Treasurer
Melvin E HayesCFOTreasurerProgram Adminis
Claudine P JonesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$548,098
Program Service Revenue
$195,424
Investment Income
$9,484
Other Revenue
$71
All Other Contributions
$24,484
Change in Net Assets
$-15,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$728,593
Total Revenue per Audited Statements
$728,593
Total Revenue per Form 990
$728,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$480,888
Other Expenses$287,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$321,864--$321,864
Current Officers, Directors, Trustees, and Key Employees-$124,850-$124,850
All Other Expenses$25,167$62,003-$87,170
Depreciation Depletion-$43,400-$43,400
Payroll Taxes$24,480$9,694-$34,174
Insurance$835$18,142-$18,977
Interest$1,222$15,172-$16,394
Other Expenses$3,624$4,770-$8,394
Total Functional Expenses$473,471$295,233$0$768,704

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$770,468
Total Expenses per Audited Statements$770,468
Total Expenses per Form 990$770,468
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Melvin HicksProgram Directorto fund operationsNo$205,520

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$258,920$285,520▲ $26,600
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$55,420
Notes Payable on Van$50,104
Capital improvement loan$29,993
Accrued interest payable-
Cash overdraft-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Management duties delegation Part VI line 3

The organization has Board Members that may elect members of the governing body.

Members or stockholder classes and rights Part VI line 6

The organization has Board Members that may elect members of the governing body.

Member election for additional members Part VI line 7A

The organization has Board Members that may elect members of the governing body.

Governing body decisions Part VI line 7B

The organizations Board elects all members upon decisions made.

Committee meeting documentation Part VI line 8B

The organization does document all meetings held by the organization.

Form 990 governing body review Part VI line 11

The organization has written policies and procedures that are documented and approved by the Board. The organization has written policies and procedures that are documented and approved by the Board. No review was conducted

CEO executive director top management comp Part VI line 15A

The Board determines the pay of key personnel based on readily available data.

Governing documents etc available to public Part VI line 19

No review was conducted

Filing and Contact Details

Filer

Filer Name
Renaissance Adult Day Services Inc
EIN
36-3922836
Address
7920 South Greenwood, Chicago, IL 60619

Signing Officer

Name
Melvin Hicks
Title
Program Adminis
Phone
7737239670
Signed
2019-09-19
Discuss with paid preparer
No

Organization Details

Formed
1994
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
3
Employees
0

Preparer

Firm
Benford Brown & Associates LLC
Address
8334 South Stony Island Ave, Chicago, IL 60617
Preparer
Marcus Gulley
Phone
7737311300
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Repairs and maintenanceProfessional feesTravel & entertainmentContributionsSuppliesAdvertisingEquipment rentalMiscellaneousTelephonePostage and deliveryLicense and permits

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IRS990/ProgSrvcAccomActy2Grp/Desc0Adult Day Care Program-Provided day care services for over 100 senior citizens/disabledpersons and heightened the awareness of the public of theemerging area of adult day care services.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0728593
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0555056
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0752
IRS990/PYOtherExpensesAmt0305439
IRS990/PYOtherRevenueAmt01580
IRS990/PYProgramServiceRevenueAmt0258600
IRS990/PYRevenuesLessExpensesAmt0-44088
IRS990/PYSalariesCompEmpBnftPaidAmt0554637
IRS990/PYTotalExpensesAmt0860076
IRS990/PYTotalRevenueAmt0815988
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-15627
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0728593
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0728522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0794161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01230792
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01025924
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0908286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04687685
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt071
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt019545
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019616
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99580
IRS990ScheduleA/PublicSupportPY170Pct00.99580
IRS990ScheduleA/PublicSupportTotal170Amt04687685
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0728522
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0794161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01230792
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01025924
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0908286
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04687685
IRS990ScheduleA/TotalSupportAmt04707301
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0177214
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0412607
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0589821
IRS990ScheduleD/EquipmentGrp/BookValueAmt027074
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073875
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0100949
IRS990ScheduleD/ExpensesSubtotalAmt0770468
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01606
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt036764
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt038370
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt057023
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0158877
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0215900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt155420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt250104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital improvement loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Line of Credit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Notes Payable on Van
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Accrued interest payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Cash overdraft
IRS990ScheduleD/RevenueSubtotalAmt0728593
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0262917
IRS990ScheduleD/TotalExpensesPerForm990Amt0770468
IRS990ScheduleD/TotalLiabilityAmt0135517
IRS990ScheduleD/TotalRevenuePerForm990Amt0728593
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0728593
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0770468
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Melvin Hicks
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Program Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0205520
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0to fund operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0205520
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt180000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0To fund operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1To fund operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0180927
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt190000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Melvin Hicks
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1J Cartwright
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Program Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Officer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt0285520
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has Board Members that may elect members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has Board Members that may elect members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has Board Members that may elect members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organizations Board elects all members upon decisions made.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization does document all meetings held by the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization has written policies and procedures that are documented and approved by the Board. The organization has written policies and procedures that are documented and approved by the Board. No review was conducted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board determines the pay of key personnel based on readily available data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7No review was conducted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Repairs and maintenanceProfessional feesTravel & entertainmentContributionsSuppliesAdvertisingEquipment rentalMiscellaneousTelephonePostage and deliveryLicense and permits
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0617207
IRS990/TotalAssetsEOYAmt0559697
IRS990/TotalAssetsGrp/BOYAmt0617207
IRS990/TotalAssetsGrp/EOYAmt0559697
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0548098
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0295233
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0473471

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