Civic Intelligence

Parkside Manor Inc.

EIN 36-6145029 • 501(c)3 • Belvidere, IL

Pub. 78 Eligible

Profile

To provide for elderly families and elderly persons on a nonprofit basis, rental housing and related facilities and services especially designed to meet the physical, social, and psychological needs of the aged, and contribute to their health, security, happiness, and usefullness in longer living.

628 West Lincoln AvenueBelvidere, IL 61008

n/A

Siviq Scores

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

Liabilities / Assets

77th percentile

0.24x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.37x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

46th percentile

2.6%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

29th percentile

-4.3%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

2.7%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$641,891

Down $26,616 (-4.0%) from 2023

Liabilities

Up

$54,839

Up $2,415 (+4.6%) from 2023

Net Assets

Down

$587,052

Down $29,031 (-4.7%) from 2023

Revenue

Down

$524,696

Down $27,688 (-5.0%) from 2023

Expenses

Up

$554,229

Up $37,332 (+7.2%) from 2023

Net Income

Down

-$29,533

Down $65,020 (-183%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $848,081Liabilities 2012: $543,273Net Assets 2012: $304,8082012Assets 2013: $861,777Liabilities 2013: $547,375Net Assets 2013: $314,4022013Assets 2014: $755,442Liabilities 2014: $470,196Net Assets 2014: $285,2462014Assets 2015: $854,980Liabilities 2015: $358,803Net Assets 2015: $496,1772015Assets 2016: $804,592Liabilities 2016: $308,477Net Assets 2016: $496,1152016Assets 2017: $791,423Liabilities 2017: $281,324Net Assets 2017: $510,0992017Assets 2018: $737,668Liabilities 2018: $211,886Net Assets 2018: $525,7822018Assets 2019: $706,273Liabilities 2019: $169,214Net Assets 2019: $537,0592019Assets 2020: $685,558Liabilities 2020: $119,112Net Assets 2020: $566,4462020Assets 2021: $652,768Liabilities 2021: $73,564Net Assets 2021: $579,2042021Assets 2022: $642,458Liabilities 2022: $62,705Net Assets 2022: $579,7532022Assets 2023: $668,507Liabilities 2023: $52,424Net Assets 2023: $616,0832023Assets 2024: $641,891Liabilities 2024: $54,839Net Assets 2024: $587,0522024

Highlighted filing

2024

Assets$641,891
Liabilities$54,839
Net Assets$587,052

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $362,1492012Expenses 2013: $384,4172013Revenue 2014: $392,615Expenses 2014: $421,983Net Income 2014: -$29,3682014Revenue 2015: $648,986Expenses 2015: $436,180Net Income 2015: $212,8062015Revenue 2016: $424,432Expenses 2016: $426,813Net Income 2016: -$2,3812016Revenue 2017: $440,893Expenses 2017: $429,974Net Income 2017: $10,9192017Revenue 2018: $444,355Expenses 2018: $432,872Net Income 2018: $11,4832018Revenue 2019: $456,268Expenses 2019: $444,472Net Income 2019: $11,7962019Revenue 2020: $477,790Expenses 2020: $447,792Net Income 2020: $29,9982020Revenue 2021: $470,954Expenses 2021: $457,578Net Income 2021: $13,3762021Revenue 2022: $470,164Expenses 2022: $469,637Net Income 2022: $5272022Revenue 2023: $552,384Expenses 2023: $516,897Net Income 2023: $35,4872023Revenue 2024: $524,696Expenses 2024: $554,229Net Income 2024: -$29,5332024

Highlighted filing

2024

Revenue$524,696
Expenses$554,229
Net Income-$29,533

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Feb 4, 2025
Return Version
2023v6.0
Gross Receipts
$524,696
Mission and Program Overview

Mission

To provide for elderly families and elderly persons on a nonprofit basis, rental housing and related facilities and services especially designed to meet the physical, social, and psychological needs of the aged, and contribute to their health, security, happiness, and usefullness in longer living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$616,083$587,052▼ $29,031
Land, Buildings, and Equipment, Net$384,465$361,336▼ $23,129
Savings and Temporary Cash Investments$203,183$198,191▼ $4,992
Cash and Non-Interest-Bearing Accounts$70,634$78,643▲ $8,009
Accounts Receivable$7,740--
Prepaid Expenses and Deferred Charges$2,485$3,721▲ $1,236
Total Assets$668,507$641,891▼ $26,616
Liabilities
Other Liabilities$32,105$33,673▲ $1,568
Accounts Payable and Accrued Expenses$15,484$16,653▲ $1,169
Deferred Revenue$4,835$4,513▼ $322
Total Liabilities$52,424$54,839▲ $2,415
Net Assets / Fund Balance
Total Net Assets Fund Balance$616,083$587,052▼ $29,031
Total Liabilities and Net Assets / Fund Balance$668,507$641,891▼ $26,616

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$281,295$1,781,859$2,063,154
Land$77,174-$77,174
Buildings$1,187$4,748$5,935
Equipment$1,680-$1,680
Compensation and Service Providers

Board Members and Trustees

NameTitle
Georgia RugglesDirector
Tasha FergusonDirector
Jane HarasCurrent Pres
Jane EurekSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,755
Program Service Revenue
$480,672
Investment Income
$0
Other Revenue
$40,269
Change in Net Assets
$-29,533

Audited Revenue Reconciliation

Revenue per Audited Statements
$524,696
Total Revenue per Audited Statements
$524,696
Total Revenue per Form 990
$524,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404,927
Salaries, Compensation, and Employee Benefits$149,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$137,259--$137,259
Insurance$89,496--$89,496
Occupancy$86,177--$86,177
Fees for Services Accounting-$39,754-$39,754
Depreciation Depletion$27,654--$27,654
Payroll Taxes$10,973--$10,973
Other Employee Benefits$1,070--$1,070
Office Expenses-$626-$626
All Other Expenses$300$167-$467
Other Expenses$344--$344
Total Functional Expenses$513,682$40,547$0$554,229

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$554,229
Expenses per Audited Statements$553,727
Total Expenses per Audited Statements$553,727
Expenses Not Reported on Financial Statements$502
Other Expense Adjustments$502
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Payable$33,673
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Page 6, Part VI, Line 11B

The form 990, upon completion, is brought to the next board meeting for a review by its members. The accountant who completed the form 990 is at the meeting to answer any questions which may arise. The form 990 is signed by an officer of the board after satisfaction that the form is complete and accurate.

Form 990, Page 6, Part VI, Line 12C

Each board member, as well as full time employees, are required to read, understand, and complete the confict of interest statement, with signature, at least once a year at the first meeting of the new fiscal year.

Form 990, Page 6, Part VI, Line 15B

Board members are not paid for their volunteer service on the board. The one full time employee is reviewed as to all aspects of his/her work performance. After discussion, a vote is taken as to the amount, if any, of merit or cost of living increases to be awarded to this employee.

Form 990, Page 6, Part VI, Line 19

Documents open to the public include form 990 as well as quarterly financial statements prepared by the organization's accountant, and the annual audited financial statements prepared by the independent certified public accounting firm. A written request with signature is required and copies of requested documents are given to the requesting party generally on the same day that it is requested.

Filing and Contact Details

Filer

Filer Name
Parkside Manor Inc
EIN
36-6145029
Phone
8155477595
Address
628 WEST LINCOLN AVENUE, BELVIDERE, IL 61008

Signing Officer

Name
Jane Haras
Title
Current President
Phone
8155477595
Signed
2025-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Haras
Formed
1966
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
John Morrissey Accountants Inc
Address
5919 SPRING CREEK RD, ROCKFORD, IL 61114-6447
Preparer
Elizabeth Roberson CPA
Phone
8152824600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide for elderly families and elderly persons on a nonprofit basis, rental housing and related facilities and services especially designed to meet the physical, social, and psychological needs of the aged, and contribute to their health, security, happiness, and usefullness in longer living.

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

Governed by hud guidelines and regulations, parkside provides for elderly families and elderly persons on a nonprofit basis, rental housing and related facilities and services especially designed to meet the physical, social, and psychological needs of the aged, and contribute to their health, security, happiness, and usefullness in longer living.

Form 990, Part XI, Line 9

Book/tax depreciation difference 502

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Book/tax depreciation difference 502

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK/TAX DEPRECIATION DIFFERENCE 502
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE FOR ELDERLY FAMILIES AND ELDERLY PERSONS ON A NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED, AND CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULLNESS IN LONGER LIVING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNED BY HUD GUIDELINES AND REGULATIONS, PARKSIDE PROVIDES FOR ELDERLY FAMILIES AND ELDERLY PERSONS ON A NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED, AND CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULLNESS IN LONGER LIVING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990, UPON COMPLETION, IS BROUGHT TO THE NEXT BOARD MEETING FOR A REVIEW BY ITS MEMBERS. THE ACCOUNTANT WHO COMPLETED THE FORM 990 IS AT THE MEETING TO ANSWER ANY QUESTIONS WHICH MAY ARISE. THE FORM 990 IS SIGNED BY AN OFFICER OF THE BOARD AFTER SATISFACTION THAT THE FORM IS COMPLETE AND ACCURATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH BOARD MEMBER, AS WELL AS FULL TIME EMPLOYEES, ARE REQUIRED TO READ, UNDERSTAND, AND COMPLETE THE CONFICT OF INTEREST STATEMENT, WITH SIGNATURE, AT LEAST ONCE A YEAR AT THE FIRST MEETING OF THE NEW FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE NOT PAID FOR THEIR VOLUNTEER SERVICE ON THE BOARD. THE ONE FULL TIME EMPLOYEE IS REVIEWED AS TO ALL ASPECTS OF HIS/HER WORK PERFORMANCE. AFTER DISCUSSION, A VOTE IS TAKEN AS TO THE AMOUNT, IF ANY, OF MERIT OR COST OF LIVING INCREASES TO BE AWARDED TO THIS EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS OPEN TO THE PUBLIC INCLUDE FORM 990 AS WELL AS QUARTERLY FINANCIAL STATEMENTS PREPARED BY THE ORGANIZATION'S ACCOUNTANT, AND THE ANNUAL AUDITED FINANCIAL STATEMENTS PREPARED BY THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. A WRITTEN REQUEST WITH SIGNATURE IS REQUIRED AND COPIES OF REQUESTED DOCUMENTS ARE GIVEN TO THE REQUESTING PARTY GENERALLY ON THE SAME DAY THAT IT IS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK/TAX DEPRECIATION DIFFERENCE 502
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JANE HARAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08155477595
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARKSIDE MANOR INC
ReturnHeader/Filer/BusinessNameControlTxt0PARK
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ReturnHeader/Filer/PhoneNum08155477595
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363994785
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN MORRISSEY ACCOUNTANTS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05919 SPRING CREEK RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKFORD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0611146447
ReturnHeader/PreparerPersonGrp/PhoneNum08152824600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH ROBERSON CPA
ReturnHeader/ReturnTs02025-02-18T09:40:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

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