Civic Intelligence

Prairie Haven Homes Ltd

EIN 36-4081107 • 501(c)3 • Tinley Park, IL

Profile

To provide low income housing for elderly and disabled individuals.

8201 W 183rd Street Ste KTinley Park, IL 60487

n/A

Siviq Scores

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

Liabilities / Assets

78th percentile

0.38x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.18x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

28th percentile

-5.5%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

31st percentile

-2.5%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

1.4%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,742,642

Down $45,294 (-2.5%) from 2023

Liabilities

Down

$653,551

Down $14,989 (-2.2%) from 2023

Net Assets

Down

$1,089,091

Down $30,305 (-2.7%) from 2023

Revenue

Up

$552,311

Up $7,517 (+1.4%) from 2023

Expenses

Down

$582,616

Down $98,231 (-14%) from 2023

Net Income

Up

-$30,305

Up $105,748 (+78%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $2,447,456Liabilities 2016: $575,387Net Assets 2016: $1,872,0692016Assets 2017: $2,390,722Liabilities 2017: $567,248Net Assets 2017: $1,823,4742017Assets 2018: $2,264,179Liabilities 2018: $545,486Net Assets 2018: $1,718,6932018Assets 2019: $2,129,650Liabilities 2019: $549,505Net Assets 2019: $1,580,1452019Assets 2020: $2,085,688Liabilities 2020: $570,030Net Assets 2020: $1,515,6582020Assets 2021: $2,049,640Liabilities 2021: $664,340Net Assets 2021: $1,385,3002021Assets 2022: $1,871,821Liabilities 2022: $616,372Net Assets 2022: $1,255,4492022Assets 2023: $1,787,936Liabilities 2023: $668,540Net Assets 2023: $1,119,3962023Assets 2024: $1,742,642Liabilities 2024: $653,551Net Assets 2024: $1,089,0912024

Highlighted filing

2024

Assets$1,742,642
Liabilities$653,551
Net Assets$1,089,091

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $581,631Expenses 2016: $628,971Net Income 2016: -$47,3402016Revenue 2017: $589,268Expenses 2017: $637,863Net Income 2017: -$48,5952017Revenue 2018: $567,937Expenses 2018: $672,718Net Income 2018: -$104,7812018Revenue 2019: $582,351Expenses 2019: $720,899Net Income 2019: -$138,5482019Revenue 2020: $585,317Expenses 2020: $649,804Net Income 2020: -$64,4872020Revenue 2021: $559,874Expenses 2021: $690,232Net Income 2021: -$130,3582021Revenue 2022: $542,229Expenses 2022: $672,080Net Income 2022: -$129,8512022Revenue 2023: $544,794Expenses 2023: $680,847Net Income 2023: -$136,0532023Revenue 2024: $552,311Expenses 2024: $582,616Net Income 2024: -$30,3052024

Highlighted filing

2024

Revenue$552,311
Expenses$582,616
Net Income-$30,305

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Feb 17, 2025
Return Version
2023v6.0
Gross Receipts
$552,311
Mission and Program Overview

Mission

To provide low income housing for elderly and disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,472,001$1,319,569▼ $152,432
Cash and Non-Interest-Bearing Accounts$21,568$221,483▲ $199,915
Savings and Temporary Cash Investments$114,151$175,866▲ $61,715
Accounts Receivable$167,555$18,137▼ $149,418
Intangible Assets$6,869$6,556▼ $313
Prepaid Expenses and Deferred Charges$5,792$1,031▼ $4,761
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-
Inventories for Sale or Use-$0-
Total Assets$1,787,936$1,742,642▼ $45,294
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$478,555$467,088▼ $11,467
Accounts Payable and Accrued Expenses$178,826$128,943▼ $49,883
Deferred Revenue$3,907$50,336▲ $46,429
Other Liabilities$7,252$7,184▼ $68
Total Liabilities$668,540$653,551▼ $14,989
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,119,396$1,089,091▼ $30,305
Total Net Assets Fund Balance$1,119,396$1,089,091▼ $30,305
Total Liabilities and Net Assets / Fund Balance$1,787,936$1,742,642▼ $45,294

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$826,380$2,736,113$3,562,493
Equipment$321,434-$321,434
Land$124,755-$124,755
Leasehold Improvements$47,000-$47,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward ShepardPresident
James IrwinVice President
Amelia DawkinsDirector
Eddie JohnsonDirector
Mamie PaceDirector
Antonio WatsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$552,288
Investment Income
$23
Other Revenue
$0
Change in Net Assets
$-30,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$552,311
Total Revenue per Audited Statements
$552,311
Total Revenue per Form 990
$552,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$427,387
Salaries, Compensation, and Employee Benefits$155,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$163,245--$163,245
Other Salaries and Wages$139,944--$139,944
Insurance$30,756--$30,756
All Other Expenses$22,225--$22,225
Other Expenses$21,673--$21,673
Fees for Services Management$20,901--$20,901
Office Expenses$20,044--$20,044
Payroll Taxes$15,285--$15,285
Fees for Services Accounting$8,500--$8,500
Fees for Services Legal$3,250--$3,250
Interest$1,710--$1,710
Total Functional Expenses$582,616$0$0$582,616

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$582,616
Total Expenses per Audited Statements$582,616
Total Expenses per Form 990$582,616
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
Tenant Security Deposits$7,184
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 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
Yes
Other officer compensation reviewed
Yes
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

Property management responsibilities of the apartment complex are assigned to a professional property management firm on a contract basis and that is approved by hud.

Form 990, Part VI, Section B, Line 11B

A draft of form 990 is provided to management for review prior to finalizing the return.

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

The board of directors examines the nature and effect of all possible conflicts of interest and takes appropriate action. To date, no conflicts have been reported.

Form 990, Part VI, Section B, Line 15A

The organization consistently reviews management and officer compensation packages against current market rates.

Form 990, Part VI, Section C, Line 19

Documents are available upon request of the management company during normal business hours.

Filing and Contact Details

Filer

Filer Name
Prairie Haven Homes Ltd
EIN
36-4081107
Phone
7084444942
Address
8201 W 183RD STREET STE K, TINLEY PARK, IL 60487

Signing Officer

Name
Edward Shepard
Title
President
Signed
2025-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Shepard
Formed
2004
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Wieland Wallace Inc
Address
232 S Batavia Avenue, Batavia, IL 60510
Preparer
Paul H Wieland
Phone
6304064490
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is tax exempt under Internal Revenue Code Section 501(c)(3) and is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of March 31, 2024, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt018
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0590638
IRS990/PYProgramServiceRevenueAmt0544776
IRS990/PYRevenuesLessExpensesAmt0-136053
IRS990/PYSalariesCompEmpBnftPaidAmt090209
IRS990/PYTotalExpensesAmt0680847
IRS990/PYTotalRevenueAmt0544794
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-30305
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0552288
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0114151
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0175866
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt023
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt018
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0126
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0552288
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0544776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0542207
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0559854
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0585274
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02784399
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt023
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0126
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt02784399
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0552288
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0544776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0542207
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0559854
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0585274
IRS990ScheduleA/Total509Grp/TotalAmt02784399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0552311
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0544794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0542229
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0559874
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0585317
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02784525
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0826380
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02736113
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03562493
IRS990ScheduleD/EquipmentGrp/BookValueAmt0321434
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0321434
IRS990ScheduleD/ExpensesSubtotalAmt0582616
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0124755
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0124755
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt047000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt047000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07184
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0552311
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is tax exempt under Internal Revenue Code Section 501(c)(3) and is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of March 31, 2024, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01319569
IRS990ScheduleD/TotalExpensesPerForm990Amt0582616
IRS990ScheduleD/TotalLiabilityAmt07184
IRS990ScheduleD/TotalRevenuePerForm990Amt0552311
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0552311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0582616
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROPERTY MANAGEMENT RESPONSIBILITIES OF THE APARTMENT COMPLEX ARE ASSIGNED TO A PROFESSIONAL PROPERTY MANAGEMENT FIRM ON A CONTRACT BASIS AND THAT IS APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW PRIOR TO FINALIZING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS EXAMINES THE NATURE AND EFFECT OF ALL POSSIBLE CONFLICTS OF INTEREST AND TAKES APPROPRIATE ACTION. TO DATE, NO CONFLICTS HAVE BEEN REPORTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONSISTENTLY REVIEWS MANAGEMENT AND OFFICER COMPENSATION PACKAGES AGAINST CURRENT MARKET RATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST OF THE MANAGEMENT COMPANY DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01787936
IRS990/TotalAssetsEOYAmt01742642
IRS990/TotalAssetsGrp/BOYAmt01787936
IRS990/TotalAssetsGrp/EOYAmt01742642
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0582616
IRS990/TotalFunctionalExpensesGrp/TotalAmt0582616
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0668540
IRS990/TotalLiabilitiesEOYAmt0653551
IRS990/TotalLiabilitiesGrp/BOYAmt0668540
IRS990/TotalLiabilitiesGrp/EOYAmt0653551
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01119396
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01089091
IRS990/TotalProgramServiceExpensesAmt0582616
IRS990/TotalProgramServiceRevenueAmt0552288
IRS990/TotalRevenueGrp/ExclusionAmt023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0552288

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