Civic Intelligence

Parkside Manor Inc.

990 • Fiscal year 2017 • EIN 36-6145029

Aug 01, 2016 to Jul 31, 2017 • Filed on Aug 23, 2017

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

0.36x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

0.64x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

47th percentile

2.5%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

34th percentile

-1.6%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

3.9%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$791,423

Down $13,169 (-1.6%) from 2016

Net Assets

Up

$510,099

Up $13,984 (+2.8%) from 2016

Liabilities

Down

$281,324

Down $27,153 (-8.8%) from 2016

Revenue

Up

$440,893

Up $16,461 (+3.9%) from 2016

Expenses

Up

$429,974

Up $3,161 (+0.7%) from 2016

Net Income

Up

$10,919

Up $13,300 (+559%) from 2016

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

2017

Assets$791,423
Liabilities$281,324
Net Assets$510,099

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

2017

Revenue$440,893
Expenses$429,974
Net Income$10,919
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Aug 23, 2017
Return Version
2016v3.0
Gross Receipts
$440,893
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$617,917$571,769▼ $46,148
Rtn Earn Endowment Incm Other Fnds$496,115$510,099▲ $13,984
Savings and Temporary Cash Investments$146,536$142,129▼ $4,407
Cash and Non-Interest-Bearing Accounts$30,628$73,758▲ $43,130
Accounts Receivable$3,588$2,513▼ $1,075
Prepaid Expenses and Deferred Charges$5,923$1,254▼ $4,669
Total Assets$804,592$791,423▼ $13,169
Liabilities
Mortgage Notes Payable Secured by Investment Property$261,164$215,818▼ $45,346
Other Liabilities$35,691$40,436▲ $4,745
Accounts Payable and Accrued Expenses$7,609$17,265▲ $9,656
Deferred Revenue$4,013$7,805▲ $3,792
Total Liabilities$308,477$281,324▼ $27,153
Net Assets / Fund Balance
Total Net Assets Fund Balance$496,115$510,099▲ $13,984
Total Liabilities and Net Assets / Fund Balance$804,592$791,423▼ $13,169

Asset Categories

AssetBook ValueDepreciationBasis
Land$77,174-$77,174
Buildings$3,957$1,978$5,935
Compensation and Service Providers

Board Members and Trustees

NameTitle
John K FunderburgPresident
Georgia RugglesDirector
Lois RamonDirector
Robert BahlingDirector
Jane EurekSecretary
Donna SheltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,248
Program Service Revenue
$425,789
Investment Income
$70
Other Revenue
$10,786
Change in Net Assets
$10,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$327,365
Salaries, Compensation, and Employee Benefits$102,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$175,030--$175,030
Other Salaries and Wages$89,506--$89,506
Depreciation Depletion$65,404--$65,404
Insurance$50,919--$50,919
Fees for Services Accounting$24,808--$24,808
Interest$7,215--$7,215
Payroll Taxes$7,051--$7,051
Other Employee Benefits$6,052--$6,052
Office Expenses$1,615--$1,615
Travel$334--$334
Advertising$250--$250
Other Expenses$25--$25
Total Functional Expenses$429,974$0$0$429,974
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$30,953
Accrued Wages$5,575
Accrued Payroll Taxes$3,908
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
2017-08-23

Organization Details

Principal Officer
John K Funderburg
Formed
1966
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
8

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 / tax depreciation difference 3,064 rounding 1 total 3,065

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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/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0390043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01653265
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt01731291
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0440893
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0424432
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0471955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0394011
IRS990ScheduleA/Total509Grp/TotalAmt01731291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0440893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0424432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0471955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0394011
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01731291
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03957
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01978
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05935
IRS990ScheduleD/LandGrp/BookValueAmt077174
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt077174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15575
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt081131
IRS990ScheduleD/TotalLiabilityAmt040436
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 / TAX DEPRECIATION DIFFERENCE 3,064 ROUNDING 1 TOTAL 3,065
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0804592
IRS990/TotalAssetsEOYAmt0791423
IRS990/TotalAssetsGrp/BOYAmt0804592
IRS990/TotalAssetsGrp/EOYAmt0791423
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04248
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0429974
IRS990/TotalFunctionalExpensesGrp/TotalAmt0429974
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0308477
IRS990/TotalLiabilitiesEOYAmt0281324
IRS990/TotalLiabilitiesGrp/BOYAmt0308477
IRS990/TotalLiabilitiesGrp/EOYAmt0281324
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0496115
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0510099
IRS990/TotalOtherProgSrvcExpenseAmt065404
IRS990/TotalProgramServiceExpensesAmt0429974
IRS990/TotalProgramServiceRevenueAmt0425789
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0436645
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0440893
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0804592
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0791423
IRS990/TravelGrp/ProgramServicesAmt0334
IRS990/TravelGrp/TotalAmt0334
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0628 W LINCOLN
IRS990/USAddress/CityNm0BELVIDERE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061008
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
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/SignatureDt02017-08-23
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/FilingSecurityInformation/AtSubmissionCreationDeviceId030CB6B25A9CEF3DB22495DF279254E9A5B3E8799
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId030CB6B25A9CEF3DB22495DF279254E9A5B3E8799
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/PreparationDt02017-08-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TANISHA ADAMS
ReturnHeader/ReturnTs02017-09-18T14:11:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

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