Civic Intelligence

St. Sharbels Maronite Housing Corporation

990 • Fiscal year 2013 • EIN 37-1132213

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 09, 2014

2914 W Scenic Drive61615

(309) 673-2252

Siviq Scores

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

Liabilities / Assets

96th percentile

1.39x

Higher debt load relative to assets than 96% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

95th percentile

4.82x

Higher debt load relative to revenue than 95% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

92nd percentile

49%

Faster asset growth than 92% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$2,414,729

Up $789,805 (+49%) from 2012

Net Assets

Down

-$953,599

Down $166,174 (-21%) from 2012

Liabilities

Up

$3,368,328

Up $955,979 (+40%) from 2012

Revenue

$698,595

No earlier filing loaded for comparison.

Expenses

Up

$864,769

Up $129,085 (+18%) from 2012

Net Income

-$166,174

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2010: $1,826,860Liabilities 2010: $2,536,581Net Assets 2010: -$709,7212010Assets 2011: $1,673,373Liabilities 2011: $2,451,560Net Assets 2011: -$778,1872011Assets 2012: $1,624,924Liabilities 2012: $2,412,349Net Assets 2012: -$787,4252012Assets 2013: $2,414,729Liabilities 2013: $3,368,328Net Assets 2013: -$953,5992013Assets 2017: $1,748,269Liabilities 2017: $2,991,355Net Assets 2017: -$1,243,0862017Assets 2018: $1,593,135Liabilities 2018: $2,866,132Net Assets 2018: -$1,272,9972018Assets 2019: $1,487,339Liabilities 2019: $2,826,261Net Assets 2019: -$1,338,9222019Assets 2020: $1,380,185Liabilities 2020: $2,777,279Net Assets 2020: -$1,397,0942020Assets 2021: $1,384,380Liabilities 2021: $2,705,081Net Assets 2021: -$1,320,7012021Assets 2022: $1,375,429Liabilities 2022: $2,666,099Net Assets 2022: -$1,290,6702022Assets 2023: $1,362,552Liabilities 2023: $2,591,705Net Assets 2023: -$1,229,1532023Assets 2024: $1,332,899Liabilities 2024: $2,511,665Net Assets 2024: -$1,178,7662024

Highlighted filing

2013

Assets$2,414,729
Liabilities$3,368,328
Net Assets-$953,599

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $690,2212010Expenses 2011: $779,1772011Expenses 2012: $735,6842012Revenue 2013: $698,595Expenses 2013: $864,769Net Income 2013: -$166,1742013Revenue 2017: $762,166Expenses 2017: $921,443Net Income 2017: -$159,2772017Revenue 2018: $763,767Expenses 2018: $793,678Net Income 2018: -$29,9112018Revenue 2019: $792,743Expenses 2019: $858,668Net Income 2019: -$65,9252019Revenue 2020: $813,570Expenses 2020: $871,742Net Income 2020: -$58,1722020Revenue 2021: $822,253Expenses 2021: $745,860Net Income 2021: $76,3932021Revenue 2022: $841,525Expenses 2022: $811,494Net Income 2022: $30,0312022Revenue 2023: $877,527Expenses 2023: $816,010Net Income 2023: $61,5172023Revenue 2024: $923,938Expenses 2024: $873,551Net Income 2024: $50,3872024

Highlighted filing

2013

Revenue$698,595
Expenses$864,769
Net Income-$166,174
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 9, 2014
Return Version
2013v3.0
Gross Receipts
$698,595
Mission and Program Overview

Mission

The purpose of the organization is to provide low income rental housing for the elderly and handicapped subject to rules and regulations of hud.

The purpose of the organization is to provide low rental housing for the elderly and handicapped subject to rules and regulations of hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,351,155$1,287,578▼ $63,577
Investments Other Securities$113,644$250,007▲ $136,363
Prepaid Expenses and Deferred Charges-$33,200-
Savings and Temporary Cash Investments$24,833$24,833→ $0
Cash and Non-Interest-Bearing Accounts$7,345$20,917▲ $13,572
Accounts Receivable$999$0▼ $999
Total Assets$1,624,924$2,414,729▲ $789,805
Other Assets Total$126,948$798,194▲ $671,246
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,362,376$3,320,000▲ $957,624
Accounts Payable and Accrued Expenses$27,465$25,370▼ $2,095
Other Liabilities$22,508$22,958▲ $450
Total Liabilities$2,412,349$3,368,328▲ $955,979
Net Assets / Fund Balance
Unrestricted Net Assets$-787,425$-953,599▼ $166,174
Total Net Assets Fund Balance$-787,425$-953,599▼ $166,174
Total Liabilities and Net Assets / Fund Balance$1,624,924$2,414,729▲ $789,805

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,017,337$1,636,334$2,653,671
Leasehold Improvements$85,780$170,585$256,365
Land$170,310-$170,310
Equipment$14,151$138,244$152,395
Other Land Buildings$0$18,712$18,712
Other Assets Org$7,501--
Other Securities$250,007--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Christopher CouriPresident
Rev Faouzi EliaVice-president
Alice AnthonyDirector
George GeageaDirector
Laurice AlwanDirector
Laurice JosephDirector
Saliba ShanineDirector
Sam JosephDirector
Chantal BecharaAsst. Secretary
Elizabeth a McmurraySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$507,797
Program Service Revenue
$190,535
Investment Income
$107
Other Revenue
$156
Change in Net Assets
$-166,174

Audited Revenue Reconciliation

Revenue per Audited Statements
$698,595
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$698,595
Total Revenue per Form 990
$698,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$864,769
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$136,698--$136,698
Depreciation Depletion$99,865--$99,865
Insurance$67,520--$67,520
Office Expenses-$55,014-$55,014
Fees for Services Management-$43,742-$43,742
Occupancy$35,018--$35,018
Advertising-$20,727-$20,727
Fees for Services Accounting-$12,600-$12,600
Conferences and Meetings-$466-$466
Other Expenses$133$34,881-$133
Fees for Services Legal-$100-$100
All Other Expenses$14--$14
Total Functional Expenses$697,239$167,530$0$864,769

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$864,769
Total Expenses per Audited Statements$864,769
Total Expenses per Form 990$864,769
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Security Deposits$22,958
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Robert cottingham property management corporation performs all management functions related to the organization. The management company employs all personnel of the organization and is reimbursed for those costs. The project has no employees. The management corporation allocates payroll and related costs to the project.

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the management company and the signing officer.

Form 990, Part VI, Section C, Line 19

The documents are available upon written or verbal request.

Filing and Contact Details

Filer

EIN
37-1132213
Phone
3096732252

Signing Officer

Name
Christopher Couri
Title
President
Phone
3096732252
Signed
2014-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Couri
Formed
1983
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Preparer
Samuel a Cigelnik
Phone
3096714500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process for overseeing the audit and the selection of an independent accountant has not changed from prior years.

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IRS990/ReconcilationRevenueExpnssAmt0-166174
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0190691
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024833
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024833
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0507797
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0533549
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0539008
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0513993
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0494050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02588397
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0338
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0597
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0860
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02042
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0190535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0187336
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0170996
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0183265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0183179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0915311
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0338
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0597
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0860
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02042
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0156
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05421
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0369
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0253
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06199
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99770
IRS990ScheduleA/PublicSupportPY509Pct00.99720
IRS990ScheduleA/PublicSupportTotal509Amt03503708
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0698332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0720885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0710004
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0697258
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0677229
IRS990ScheduleA/Total509Grp/TotalAmt03503708
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0698595
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0726446
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0710711
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0698108
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0678089
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03511949
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01017337
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01636334
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02653671
IRS990ScheduleD/EquipmentGrp/BookValueAmt014151
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0138244
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0152395
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0864769
IRS990ScheduleD/LandGrp/BookValueAmt0170310
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170310
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt085780
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0170585
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0256365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020570
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1183760
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2586363
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt37501
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN REFINANCING COST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MISCELLANEOUS CURRENT ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018712
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018712
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022958
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0250007
IRS990ScheduleD/OtherSecuritiesGrp/Desc0RESERVE REPLACEMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0698595
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01287578
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0798194
IRS990ScheduleD/TotalBookValueSecuritiesAmt0250007
IRS990ScheduleD/TotalExpensesPerForm990Amt0864769
IRS990ScheduleD/TotalLiabilityAmt022958
IRS990ScheduleD/TotalRevenuePerForm990Amt0698595
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0698595
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0864769
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT COTTINGHAM PROPERTY MANAGEMENT CORPORATION PERFORMS ALL MANAGEMENT FUNCTIONS RELATED TO THE ORGANIZATION. THE MANAGEMENT COMPANY EMPLOYS ALL PERSONNEL OF THE ORGANIZATION AND IS REIMBURSED FOR THOSE COSTS. THE PROJECT HAS NO EMPLOYEES. THE MANAGEMENT CORPORATION ALLOCATES PAYROLL AND RELATED COSTS TO THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE MANAGEMENT COMPANY AND THE SIGNING OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE AVAILABLE UPON WRITTEN OR VERBAL REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR OVERSEEING THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10ST SHARBEL'S MARONITE HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0371385062
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL

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