Civic Intelligence

Parkside Manor Inc.

990 • Fiscal year 2021 • EIN 36-6145029

Aug 01, 2020 to Jul 31, 2021 • Filed on Jan 24, 2022

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

67th percentile

0.11x

Higher debt load relative to assets than 67% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.16x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

33rd percentile

2.8%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

17th percentile

-4.8%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

-1.4%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$652,768

Down $32,790 (-4.8%) from 2020

Net Assets

Up

$579,204

Up $12,758 (+2.3%) from 2020

Liabilities

Down

$73,564

Down $45,548 (-38%) from 2020

Revenue

Down

$470,954

Down $6,836 (-1.4%) from 2020

Expenses

Up

$457,578

Up $9,786 (+2.2%) from 2020

Net Income

Down

$13,376

Down $16,622 (-55%) from 2020

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

2021

Assets$652,768
Liabilities$73,564
Net Assets$579,204

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

2021

Revenue$470,954
Expenses$457,578
Net Income$13,376
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jan 24, 2022
Return Version
2020v4.0
Gross Receipts
$470,954
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$566,446$579,204▲ $12,758
Land, Buildings, and Equipment, Net$438,056$399,896▼ $38,160
Savings and Temporary Cash Investments$161,306$193,791▲ $32,485
Cash and Non-Interest-Bearing Accounts$81,481$51,675▼ $29,806
Accounts Receivable$1,979$5,859▲ $3,880
Prepaid Expenses and Deferred Charges$2,736$1,547▼ $1,189
Total Assets$685,558$652,768▼ $32,790
Liabilities
Other Liabilities$38,243$40,244▲ $2,001
Mortgage Notes Payable Secured by Investment Property$66,958$20,219▼ $46,739
Accounts Payable and Accrued Expenses$5,874$8,347▲ $2,473
Deferred Revenue$8,037$4,754▼ $3,283
Total Liabilities$119,112$73,564▼ $45,548
Net Assets / Fund Balance
Total Net Assets Fund Balance$566,446$579,204▲ $12,758
Total Liabilities and Net Assets / Fund Balance$685,558$652,768▼ $32,790

Asset Categories

AssetBook ValueDepreciationBasis
Land$77,174-$77,174
Buildings$2,374$3,561$5,935
Compensation and Service Providers

Board Members and Trustees

NameTitle
John K FunderburgPresident
Georgia RugglesDirector
Lois RamonDirector
Tasha FergusonDirector
Jane EurekSecretary
Donna SheltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,380
Program Service Revenue
$450,766
Investment Income
$98
Other Revenue
$15,710
Change in Net Assets
$13,376

Audited Revenue Reconciliation

Revenue per Audited Statements
$470,954
Total Revenue per Audited Statements
$470,954
Total Revenue per Form 990
$470,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$334,904
Salaries, Compensation, and Employee Benefits$122,674
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$196,946--$196,946
Other Salaries and Wages$111,404--$111,404
Depreciation Depletion$51,923--$51,923
Insurance$47,191--$47,191
Fees for Services Accounting$33,561--$33,561
Payroll Taxes$8,916--$8,916
Other Employee Benefits$2,354--$2,354
Office Expenses$1,532--$1,532
Interest$1,441--$1,441
Fees for Services Legal$1,000--$1,000
Travel$383--$383
Other Expenses$10--$10
Total Functional Expenses$457,578$0$0$457,578

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$458,196
Expenses per Audited Statements$457,578
Total Expenses per Form 990$457,578
Expenses Not Reported on Form 990$618
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$34,147
Accrued Payroll Taxes$3,605
Accrued Wages$2,492
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
John K Funderburg
Title
President
Phone
8155477595
Signed
2022-01-24

Organization Details

Principal Officer
John K Funderburg
Formed
1966
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
4

Preparer

Firm
John Morrissey Accountants Inc
Address
5919 SPRING CREEK RD, ROCKFORD, IL 61114-6447
Preparer
Shannon Baraconi Ea
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 -618 rounding 0 total -618

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Book / tax depreciation difference 618

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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/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04217
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04176
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04248
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt017024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0466574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0477787
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0452184
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0440179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0436645
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0444355
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0440893
IRS990ScheduleA/Total509Grp/TotalAmt02290393
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0444355
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02290393
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt03561
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05935
IRS990ScheduleD/ExpensesNotReportedAmt0618
IRS990ScheduleD/ExpensesSubtotalAmt0457578
IRS990ScheduleD/LandGrp/BookValueAmt077174
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt077174
IRS990ScheduleD/OtherExpensesIncludedAmt0618
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034147
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES
IRS990ScheduleD/RevenueSubtotalAmt0470954
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 618
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt079548
IRS990ScheduleD/TotalExpensesPerForm990Amt0457578
IRS990ScheduleD/TotalLiabilityAmt040244
IRS990ScheduleD/TotalRevenuePerForm990Amt0470954
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0458196
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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 -618 ROUNDING 0 TOTAL -618
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/TotalFunctionalExpensesGrp/TotalAmt0457578
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IRS990/TotalLiabilitiesEOYAmt073564
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0579204
IRS990/TotalOtherProgSrvcExpenseAmt051923
IRS990/TotalProgramServiceExpensesAmt0457578
IRS990/TotalProgramServiceRevenueAmt0450766
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0470954
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0685558
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IRS990/TravelGrp/ProgramServicesAmt0383
IRS990/TravelGrp/TotalAmt0383
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IRS990/USAddress/CityNm0BELVIDERE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061008
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN K FUNDERBURG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08155477595
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-24
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/PreparationDt02022-01-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHANNON BARACONI EA
ReturnHeader/ReturnTs02022-04-15T16:36:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FUNDERBURG
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

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