Civic Intelligence

51St Street Water Association

EIN 36-3943624 • 501(c)12 • Orland Park, IL

Profile

Association provides domestic water service to member companies, for which members pay assessments based on their usage. Expenses are primarily incurred for maintenance of the water system and payments to the city of chicago for water purchased and transmitted to member companies.

13815 Camelot CourtOrland Park, IL 60467
Siviq Scores

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

Liabilities / Assets

85th percentile

0.48x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.49x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$18,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Asset Growth

62nd percentile

4.0%

Faster asset growth than 62% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

55%

Faster revenue growth than 92% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$628,563

Up $24,243 (+4.0%) from 2023

Liabilities

Down

$300,000

Down $94,120 (-24%) from 2023

Net Assets

Up

$328,563

Up $118,363 (+56%) from 2023

Revenue

Up

$611,013

Up $217,447 (+55%) from 2023

Expenses

Up

$492,650

Up $127,453 (+35%) from 2023

Net Income

Up

$118,363

Up $89,994 (+317%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2020: $74,626Liabilities 2020: $0Net Assets 2020: $74,6262020Assets 2021: $496,934Liabilities 2021: $300,000Net Assets 2021: $196,9342021Assets 2022: $481,831Liabilities 2022: $300,000Net Assets 2022: $181,8312022Assets 2023: $604,320Liabilities 2023: $394,120Net Assets 2023: $210,2002023Assets 2024: $628,563Liabilities 2024: $300,000Net Assets 2024: $328,5632024

Highlighted filing

2024

Assets$628,563
Liabilities$300,000
Net Assets$328,563

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2020: $441,384Expenses 2020: $398,563Net Income 2020: $42,8212020Revenue 2021: $441,384Expenses 2021: $398,568Net Income 2021: $42,8162021Revenue 2022: $383,821Expenses 2022: $395,008Net Income 2022: -$11,1872022Revenue 2023: $393,566Expenses 2023: $365,197Net Income 2023: $28,3692023Revenue 2024: $611,013Expenses 2024: $492,650Net Income 2024: $118,3632024

Highlighted filing

2024

Revenue$611,013
Expenses$492,650
Net Income$118,363

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$611,013
Mission and Program Overview

Mission

Association provides domestic water service to member companies, for which members pay assessments based on their usage. Expenses are primarily incurred for maintenance of the water system and payments to the city of chicago for water purchased and transmitted to member companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$549,827$431,422▼ $118,405
Rtn Earn Endowment Incm Other Fnds$210,200$328,563▲ $118,363
Savings and Temporary Cash Investments$54,493$37,697▼ $16,796
Total Assets$604,320$628,563▲ $24,243
Other Assets Total-$159,444-
Liabilities
Unsecured Notes Loans Payable$300,000$300,000→ $0
Other Liabilities$94,120--
Total Liabilities$394,120$300,000▼ $94,120
Net Assets / Fund Balance
Total Net Assets Fund Balance$210,200$328,563▲ $118,363
Total Liabilities and Net Assets / Fund Balance$604,320$628,563▲ $24,243

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$159,444--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Joseph C MihalovPresident$18,000$18,000

Board Members and Trustees

NameTitle
Beata JanociakDirector
Mike MendenhallDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$610,492
Investment Income
$521
Other Revenue
$0
Change in Net Assets
$118,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$474,650
Salaries, Compensation, and Employee Benefits$18,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$447,863
Fees for Services Accounting---$24,950
Current Officers, Directors, Trustees, and Key Employees---$18,000
Office Expenses---$1,808
Other Expenses---$29
Total Functional Expenses$0$0$0$492,650
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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 7A

The organization is a water cooperative; it owns and maintains an underground water system connected to member companies. It purchases water from the city of chicago for sale and distribution to its members. The member companies elect the board of directors and officers who manage the day-to-day operations. Certain decisions of the board of directors (primarily those which involve large expenditures) need approval from the members. An annual meeting of all members is held and minutes are maintained for those meetings. All members may review form 990 by the assocition upon reasonable notice. President of the association signs form 990.

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

Larger expenditures generally require an approval of member companies.

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
51st Street Water Association
EIN
36-3943624
Phone
8478467722
Address
13815 CAMELOT COURT, ORLAND PARK, IL 60467

Signing Officer

Name
Joseph C Mihalov
Title
President
Phone
8478467722
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph C Mihalov
Formed
1993
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Mihalov Barton & Burrus LLC
Address
2601 CHICAGO ST SUITE A, VALPARAISO, IN 46383-6111
Preparer
Jerry Barton
Phone
2194641011
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Association provides domestic water service to member companies, for which members pay assessments based on their usage. Expenses are primarily incurred for maintenance of the water system and payments to the city of chicago for water purchased and transmitted to member companies.

Form 990, Page 2, Part III, Line 4D

Association provides domestic water service to member companies, for which members pay assessments based on usage. Expenses are primarily incurred for maintenance of the water system and payments to the city of chicago for water purchased for and trasmitted to members.

Form 990, Part IX, Line 11G

City of chicago - water 382,646 0 0 secretary of state 14 0 0 repairs and maintenance 18,409 0 0 cmg underground construction 46,794 0 0 total 447,863 0 0

Raw XML Appendix244 raw XML fields

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/ExplanationTxt0ASSOCIATION PROVIDES DOMESTIC WATER SERVICE TO MEMBER COMPANIES, FOR WHICH MEMBERS PAY ASSESSMENTS BASED ON THEIR USAGE. EXPENSES ARE PRIMARILY INCURRED FOR MAINTENANCE OF THE WATER SYSTEM AND PAYMENTS TO THE CITY OF CHICAGO FOR WATER PURCHASED AND TRANSMITTED TO MEMBER COMPANIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASSOCIATION PROVIDES DOMESTIC WATER SERVICE TO MEMBER COMPANIES, FOR WHICH MEMBERS PAY ASSESSMENTS BASED ON USAGE. EXPENSES ARE PRIMARILY INCURRED FOR MAINTENANCE OF THE WATER SYSTEM AND PAYMENTS TO THE CITY OF CHICAGO FOR WATER PURCHASED FOR AND TRASMITTED TO MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A WATER COOPERATIVE; IT OWNS AND MAINTAINS AN UNDERGROUND WATER SYSTEM CONNECTED TO MEMBER COMPANIES. IT PURCHASES WATER FROM THE CITY OF CHICAGO FOR SALE AND DISTRIBUTION TO ITS MEMBERS. THE MEMBER COMPANIES ELECT THE BOARD OF DIRECTORS AND OFFICERS WHO MANAGE THE DAY-TO-DAY OPERATIONS. CERTAIN DECISIONS OF THE BOARD OF DIRECTORS (PRIMARILY THOSE WHICH INVOLVE LARGE EXPENDITURES) NEED APPROVAL FROM THE MEMBERS. AN ANNUAL MEETING OF ALL MEMBERS IS HELD AND MINUTES ARE MAINTAINED FOR THOSE MEETINGS. ALL MEMBERS MAY REVIEW FORM 990 BY THE ASSOCITION UPON REASONABLE NOTICE. PRESIDENT OF THE ASSOCIATION SIGNS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LARGER EXPENDITURES GENERALLY REQUIRE AN APPROVAL OF MEMBER COMPANIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CITY OF CHICAGO - WATER 382,646 0 0 SECRETARY OF STATE 14 0 0 REPAIRS AND MAINTENANCE 18,409 0 0 CMG UNDERGROUND CONSTRUCTION 46,794 0 0 TOTAL 447,863 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PhoneNum02194641011
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERRY BARTON
ReturnHeader/ReturnTs02025-11-07T13:57:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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