Civic Intelligence

Sunrise Residential Inc

EIN 36-4087317 • 501(c)3 • Tinley Park, IL

Profile

To provide housing for low-income disabled individuals.

17746 S Oak Park AvenueTinley Park, IL 60477

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

1.69x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

12.71x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-5.3%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$761,204

Down $2,670 (-0.3%) from 2022

Liabilities

Up

$1,310,697

Up $18,825 (+1.5%) from 2022

Net Assets

Down

-$549,493

Down $21,495 (-4.1%) from 2022

Revenue

Up

$109,508

Up $7,897 (+7.8%) from 2022

Expenses

Down

$131,003

Down $4,138 (-3.1%) from 2022

Net Income

Up

-$21,495

Up $12,035 (+36%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2012: $916,079Liabilities 2012: $1,251,095Net Assets 2012: -$335,0162012Assets 2013: $887,721Liabilities 2013: $1,248,826Net Assets 2013: -$361,1052013Assets 2014: $864,224Liabilities 2014: $1,248,486Net Assets 2014: -$384,2622014Assets 2015: $893,039Liabilities 2015: $1,247,164Net Assets 2015: -$354,1252015Assets 2017: $863,288Liabilities 2017: $1,254,471Net Assets 2017: -$391,1832017Assets 2018: $835,815Liabilities 2018: $1,258,734Net Assets 2018: -$422,9192018Assets 2019: $797,720Liabilities 2019: $1,265,388Net Assets 2019: -$467,6682019Assets 2020: $799,636Liabilities 2020: $1,316,379Net Assets 2020: -$516,7432020Assets 2021: $806,675Liabilities 2021: $1,301,143Net Assets 2021: -$494,4682021Assets 2022: $763,874Liabilities 2022: $1,291,872Net Assets 2022: -$527,9982022Assets 2023: $761,204Liabilities 2023: $1,310,697Net Assets 2023: -$549,4932023

Highlighted filing

2023

Assets$761,204
Liabilities$1,310,697
Net Assets-$549,493

Operations Trend

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

$200K$100K$0-$100KExpenses 2012: $97,2382012Expenses 2013: $85,9432013Revenue 2014: $60,755Expenses 2014: $83,912Net Income 2014: -$23,1572014Revenue 2015: $118,858Expenses 2015: $88,721Net Income 2015: $30,1372015Revenue 2017: $115,422Expenses 2017: $134,810Net Income 2017: -$19,3882017Revenue 2018: $123,204Expenses 2018: $154,940Net Income 2018: -$31,7362018Revenue 2019: $108,203Expenses 2019: $152,952Net Income 2019: -$44,7492019Revenue 2020: $120,775Expenses 2020: $169,850Net Income 2020: -$49,0752020Revenue 2021: $128,302Expenses 2021: $125,516Net Income 2021: $2,7862021Revenue 2022: $101,611Expenses 2022: $135,141Net Income 2022: -$33,5302022Revenue 2023: $109,508Expenses 2023: $131,003Net Income 2023: -$21,4952023

Highlighted filing

2023

Revenue$109,508
Expenses$131,003
Net Income-$21,495

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 4, 2024
Return Version
2022v5.0
Gross Receipts
$109,508
Mission and Program Overview

Mission

To provide housing for low-income disabled individuals.

To provide housing for low-income disable individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$663,023$624,140▼ $38,883
Savings and Temporary Cash Investments$94,482$119,005▲ $24,523
Cash and Non-Interest-Bearing Accounts$5,047$17,994▲ $12,947
Accounts Receivable$1,257$0▼ $1,257
Prepaid Expenses and Deferred Charges$65$65→ $0
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$763,874$761,204▼ $2,670
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$970,600$970,600→ $0
Other Liabilities$316,887$316,887→ $0
Accounts Payable and Accrued Expenses$4,385$23,210▲ $18,825
Total Liabilities$1,291,872$1,310,697▲ $18,825
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-527,998$-549,493▼ $21,495
Total Net Assets Fund Balance$-527,998$-549,493▼ $21,495
Total Liabilities and Net Assets / Fund Balance$763,874$761,204▼ $2,670

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$581,597$803,077$1,384,674
Land$38,500-$38,500
Other Land Buildings$4,043-$4,043
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carlos ReyersResidential ManPT$16,500$16,500
Ronnie HarwellMaintenance Sup-$6,120$6,120

Board Members and Trustees

NameTitle
Maurice PageChairperson
Keith KempDirector
Sharronne WardSecretary
Kimberly Shelton-mamonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$109,499
Investment Income
$9
Other Revenue
$0
Change in Net Assets
$-21,495

Audited Revenue Reconciliation

Revenue per Audited Statements
$109,508
Total Revenue per Audited Statements
$109,508
Total Revenue per Form 990
$109,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,074
Salaries, Compensation, and Employee Benefits$11,929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$38,883--$38,883
Fees for Services Accounting$17,578--$17,578
Current Officers, Directors, Trustees, and Key Employees$10,640--$10,640
Office Expenses$9,020--$9,020
Fees for Services Management$7,968--$7,968
Insurance$3,991--$3,991
Other Expenses$1,486--$1,486
Other Employee Benefits$842--$842
Payroll Taxes$447--$447
All Other Expenses$125--$125
Total Functional Expenses$131,003$0$0$131,003

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$131,003
Total Expenses per Audited Statements$131,003
Total Expenses per Form 990$131,003
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
Due to Affiliates$315,888
Tenant Security Deposit$999
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
No

Governance Explanations

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

Form 990 copy is provided for review of board and officers.

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

BOARD MEETING TOPICS

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

Board reviews and approves management company's contract and affiliated org's on-site employees.

Form 990, Part VI, Section C, Line 19

On hand upon request in management office

Filing and Contact Details

Filer

Filer Name
Sunrise Residential Inc
EIN
36-4087317
Phone
7087992200
Address
17746 S OAK PARK AVENUE, TINLEY PARK, IL 60477

Signing Officer

Name
Maurice Page
Title
Chariman
Signed
2024-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
2
Employees
0

Preparer

Firm
MK Group CPAs & Consultants LLC
Address
800 Enterprise Dr Ste 130, Oak Brook, IL 60523
Preparer
Moarij a Khan
Phone
3127865857
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization is tax exempt under internal revenue code section 501(c)(3), 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 june 30, 2022, the organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0120773
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0108201
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0803077
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IRS990ScheduleD/ExpensesSubtotalAmt0131003
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04043
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0315888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0109508
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS TAX EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), 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 JUNE 30, 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0624140
IRS990ScheduleD/TotalExpensesPerForm990Amt0131003
IRS990ScheduleD/TotalLiabilityAmt0316887
IRS990ScheduleD/TotalRevenuePerForm990Amt0109508
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0109508
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0131003
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 COPY IS PROVIDED FOR REVIEW OF BOARD AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEETING TOPICS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEWS AND APPROVES MANAGEMENT COMPANY'S CONTRACT AND AFFILIATED ORG'S ON-SITE EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON HAND UPON REQUEST IN MANAGEMENT OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GRAND PRAIRIE SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FAMILY SERVICES RESIDENTIAL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2TRANSITIONS PROPERTY HOLDING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3FAMILY SERVICE AUXILIARY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0363428755
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2363290444
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3363294935
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EMOTIONAL AND BEHAVIORAL HEALTH SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING FOR LOW-INCOME DISABLED PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2LEASING BUILDINGS AND EQUIPMENTS TO GPS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3PROVIDING CLOTHING TO THOSE IN NEED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509 (A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1509(A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2509(A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt017746 S OAK PARK AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt117746 S OAK PARK AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt217746 S OAK PARK AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt317746 S OAK PARK AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TINLEY PARK
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2TINLEY PARK
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060477
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd160477
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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