Civic Intelligence

Parkside Manor Inc.

990 • Fiscal year 2016 • EIN 36-6145029

Aug 01, 2015 to Jul 31, 2016 • Filed on Sep 05, 2016

628 West Lincoln AvenueBelvidere, IL 61008

(815) 547-7595

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.38x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

0.73x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

39th percentile

-0.6%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

23rd percentile

-5.9%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-35%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$804,592

Down $50,388 (-5.9%) from 2015

Net Assets

Down

$496,115

Down $62 (-0.0%) from 2015

Liabilities

Down

$308,477

Down $50,326 (-14%) from 2015

Revenue

Down

$424,432

Down $224,554 (-35%) from 2015

Expenses

Down

$426,813

Down $9,367 (-2.1%) from 2015

Net Income

Down

-$2,381

Down $215,187 (-101%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2016

Assets$804,592
Liabilities$308,477
Net Assets$496,115

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$424,432
Expenses$426,813
Net Income-$2,381
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Sep 5, 2016
Return Version
2015v2.1
Gross Receipts
$424,432
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
Land, Buildings, and Equipment, Net$662,926$617,917▼ $45,009
Rtn Earn Endowment Incm Other Fnds$496,177$496,115▼ $62
Savings and Temporary Cash Investments$166,876$146,536▼ $20,340
Cash and Non-Interest-Bearing Accounts$12,429$30,628▲ $18,199
Prepaid Expenses and Deferred Charges$8,840$5,923▼ $2,917
Accounts Receivable$3,909$3,588▼ $321
Total Assets$854,980$804,592▼ $50,388
Liabilities
Mortgage Notes Payable Secured by Investment Property$305,170$261,164▼ $44,006
Other Liabilities$36,546$35,691▼ $855
Accounts Payable and Accrued Expenses$5,200$7,609▲ $2,409
Deferred Revenue$11,887$4,013▼ $7,874
Total Liabilities$358,803$308,477▼ $50,326
Net Assets / Fund Balance
Total Net Assets Fund Balance$496,177$496,115▼ $62
Total Liabilities and Net Assets / Fund Balance$854,980$804,592▼ $50,388

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$540,750$1,421,720$1,962,470
Land$72,124-$72,124
Buildings$4,352$1,583$5,935
Equipment$691$989$1,680
Compensation and Service Providers

Board Members and Trustees

NameTitle
John K FunderburgPresident
Jane EurekDirector
Lois RamonDirector
Robert BahlingDirector
Georgia RugglesSecretary
Donna SheltonTreasurer
Ray DewaneVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,810
Program Service Revenue
$409,020
Investment Income
$95
Other Revenue
$10,507
Change in Net Assets
$-2,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$323,181
Salaries, Compensation, and Employee Benefits$103,632
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$160,608--$160,608
Other Salaries and Wages$89,200--$89,200
Depreciation Depletion$62,208--$62,208
Insurance$47,972--$47,972
Fees for Services Accounting$37,486--$37,486
Interest$8,553--$8,553
Other Employee Benefits$7,396--$7,396
Payroll Taxes$7,036--$7,036
Office Expenses$1,868--$1,868
Travel$521--$521
Advertising$262--$262
Other Expenses$25--$25
Total Functional Expenses$426,813$0$0$426,813
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$29,830
Accrued Wages$3,250
Accrued Payroll Taxes$2,611
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
John K Funderburg
Title
President
Phone
8155477595
Signed
2016-09-05

Organization Details

Principal Officer
John K Funderburg
Formed
1966
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
7

Preparer

Firm
John Morrissey Accountants Inc
Address
5919 SPRING CREEK RD, ROCKFORD, IL 61114-6447
Preparer
Tanisha Adams
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 to tax differences 2,287 book to tax reversing from py 43 depreciation difference -8 rounding -3 total 2,319

Raw XML Appendix385 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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt065000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03968
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04452
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt078230
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0744
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0744
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0406955
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0390043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0386066
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportPY509Pct00.99910
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0471955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0394011
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0390518
IRS990ScheduleA/Total509Grp/TotalAmt01680916
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0424432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0471955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0394011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0391262
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01681660
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04352
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01583
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05935
IRS990ScheduleD/EquipmentGrp/BookValueAmt0691
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0989
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01680
IRS990ScheduleD/LandGrp/BookValueAmt072124
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072124
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0540750
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01421720
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01962470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029830
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22611
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0617917
IRS990ScheduleD/TotalLiabilityAmt035691
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 TO TAX DIFFERENCES 2,287 BOOK TO TAX REVERSING FROM PY 43 DEPRECIATION DIFFERENCE -8 ROUNDING -3 TOTAL 2,319
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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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0804592
IRS990/TotalAssetsGrp/BOYAmt0854980
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IRS990/TotalContributionsAmt04810
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0426813
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0358803
IRS990/TotalLiabilitiesEOYAmt0308477
IRS990/TotalLiabilitiesGrp/BOYAmt0358803
IRS990/TotalLiabilitiesGrp/EOYAmt0308477
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0496177
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0496115
IRS990/TotalOtherProgSrvcExpenseAmt062208
IRS990/TotalProgramServiceExpensesAmt0426813
IRS990/TotalProgramServiceRevenueAmt0409020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0419622
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0424432
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0854980
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0804592
IRS990/TravelGrp/ProgramServicesAmt0521
IRS990/TravelGrp/TotalAmt0521
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/AddressLine1Txt0628 W LINCOLN
IRS990/USAddress/CityNm0BELVIDERE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061008
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN K FUNDERBURG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08155477595
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARKSIDE MANOR INC
ReturnHeader/Filer/BusinessNameControlTxt0PARK
ReturnHeader/Filer/EIN0366145029
ReturnHeader/Filer/PhoneNum08155477595
ReturnHeader/Filer/USAddress/AddressLine1Txt0628 WEST LINCOLN AVENUE
ReturnHeader/Filer/USAddress/CityNm0BELVIDERE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061008
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363994785
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN MORRISSEY ACCOUNTANTS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05919 SPRING CREEK RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0611146447
ReturnHeader/PreparerPersonGrp/PhoneNum08152824600
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TANISHA ADAMS
ReturnHeader/ReturnTs02016-12-06T15:27:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-08-01
ReturnHeader/TaxPeriodEndDt02016-07-31
ReturnHeader/TaxYr02015

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