Civic Intelligence

St. Sharbels Maronite Housing Corporation II

990 • Fiscal year 2013 • EIN 37-1385062

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

2914 West Scenic Drive61615

(309) 673-2252

Siviq Scores

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

Liabilities / Assets

95th percentile

1.28x

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

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

Liabilities / Revenue

98th percentile

13.47x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

9th percentile

-33%

Higher net margin than 9% 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

29th percentile

-2.6%

Faster asset growth than 29% 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

Down

$4,250,655

Down $112,755 (-2.6%) from 2012

Net Assets

Down

-$1,180,454

Down $132,753 (-13%) from 2012

Liabilities

Up

$5,431,109

Up $19,998 (+0.4%) from 2012

Revenue

$403,138

No earlier filing loaded for comparison.

Expenses

Up

$535,891

Up $10,424 (+2.0%) from 2012

Net Income

-$132,753

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.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $4,556,286Liabilities 2010: $5,402,481Net Assets 2010: -$846,1952010Assets 2011: $4,479,231Liabilities 2011: $5,401,806Net Assets 2011: -$922,5752011Assets 2012: $4,363,410Liabilities 2012: $5,411,111Net Assets 2012: -$1,047,7012012Assets 2013: $4,250,655Liabilities 2013: $5,431,109Net Assets 2013: -$1,180,4542013Assets 2017: $3,945,197Liabilities 2017: $5,490,349Net Assets 2017: -$1,545,1522017Assets 2018: $3,837,033Liabilities 2018: $5,478,575Net Assets 2018: -$1,641,5422018Assets 2019: $3,741,437Liabilities 2019: $5,480,372Net Assets 2019: -$1,738,9352019Assets 2020: $3,699,049Liabilities 2020: $5,495,306Net Assets 2020: -$1,796,2572020Assets 2021: $3,641,670Liabilities 2021: $5,497,501Net Assets 2021: -$1,855,8312021Assets 2022: $3,566,949Liabilities 2022: $5,469,599Net Assets 2022: -$1,902,6502022Assets 2023: $3,497,283Liabilities 2023: $5,475,426Net Assets 2023: -$1,978,1432023Assets 2024: $3,368,551Liabilities 2024: $5,415,844Net Assets 2024: -$2,047,2932024

Highlighted filing

2013

Assets$4,250,655
Liabilities$5,431,109
Net Assets-$1,180,454

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $484,1192010Expenses 2011: $495,4872011Expenses 2012: $525,4672012Revenue 2013: $403,138Expenses 2013: $535,891Net Income 2013: -$132,7532013Revenue 2017: $567,086Expenses 2017: $646,163Net Income 2017: -$79,0772017Revenue 2018: $609,585Expenses 2018: $705,975Net Income 2018: -$96,3902018Revenue 2019: $592,957Expenses 2019: $690,350Net Income 2019: -$97,3932019Revenue 2020: $625,158Expenses 2020: $682,480Net Income 2020: -$57,3222020Revenue 2021: $638,775Expenses 2021: $698,349Net Income 2021: -$59,5742021Revenue 2022: $665,780Expenses 2022: $712,599Net Income 2022: -$46,8192022Revenue 2023: $696,431Expenses 2023: $771,924Net Income 2023: -$75,4932023Revenue 2024: $727,521Expenses 2024: $796,671Net Income 2024: -$69,1502024

Highlighted filing

2013

Revenue$403,138
Expenses$535,891
Net Income-$132,753
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 9, 2014
Return Version
2013v3.0
Gross Receipts
$403,138
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$4,106,267$4,002,806▼ $103,461
Investments Other Securities$180,961$173,253▼ $7,708
Savings and Temporary Cash Investments$24,204$24,216▲ $12
Prepaid Expenses and Deferred Charges$447$447→ $0
Cash and Non-Interest-Bearing Accounts$1,654$31▼ $1,623
Total Assets$4,363,410$4,250,655▼ $112,755
Other Assets Total$49,877$49,902▲ $25
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,373,230$5,373,230→ $0
Accounts Payable and Accrued Expenses$16,062$36,107▲ $20,045
Other Liabilities$21,819$21,772▼ $47
Total Liabilities$5,411,111$5,431,109▲ $19,998
Net Assets / Fund Balance
Unrestricted Net Assets$-1,047,701$-1,180,454▼ $132,753
Total Net Assets Fund Balance$-1,047,701$-1,180,454▼ $132,753
Total Liabilities and Net Assets / Fund Balance$4,363,410$4,250,655▼ $112,755

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,698,144$1,509,305$5,207,449
Land$250,000-$250,000
Equipment$26,992$131,843$158,835
Leasehold Improvements$27,670$47,845$75,515
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
$158,758
Program Service Revenue
$244,090
Investment Income
$290
Other Revenue
$0
Change in Net Assets
$-132,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$403,138
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$403,138
Total Revenue per Form 990
$403,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$535,891
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
Depreciation Depletion$146,322--$146,322
Other Expenses$70,109$75,010-$70,109
Occupancy$54,140--$54,140
Fees for Services Management-$51,912-$51,912
Insurance$47,225--$47,225
Office Expenses-$42,437-$42,437
Fees for Services Accounting-$12,600-$12,600
Advertising-$856-$856
Fees for Services Legal-$100-$100
Total Functional Expenses$352,976$182,915$0$535,891

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$535,891
Total Expenses per Audited Statements$535,891
Total Expenses per Form 990$535,891
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$21,772
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
37-1385062
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
1989
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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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03299
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0244090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0233535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0221130
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0221540
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0216658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01136953
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0619
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01360
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03613
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03299
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09181
IRS990ScheduleA/InvestmentIncomeCYPct00.00470
IRS990ScheduleA/InvestmentIncomePYPct00.00730
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99530
IRS990ScheduleA/PublicSupportPY509Pct00.99270
IRS990ScheduleA/PublicSupportTotal509Amt01934754
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0402848
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0399722
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0382817
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0381831
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0367536
IRS990ScheduleA/Total509Grp/TotalAmt01934754
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0403138
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0400341
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0384177
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0385444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0370835
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01943935
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/BookValueAmt03698144
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01509305
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05207449
IRS990ScheduleD/EquipmentGrp/BookValueAmt026992
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0131843
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0158835
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0535891
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027670
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt047845
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt075515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0403138
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04002806
IRS990ScheduleD/TotalExpensesPerForm990Amt0535891
IRS990ScheduleD/TotalLiabilityAmt021772
IRS990ScheduleD/TotalRevenuePerForm990Amt0403138
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0403138
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0535891
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/EIN0371132213
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW RENTAL HOUSING FOR ELDERLY AND HANDICAPPED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine102914 W SCENIC DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0PEORIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode061615
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04363410
IRS990/TotalAssetsEOYAmt04250655
IRS990/TotalAssetsGrp/BOYAmt04363410
IRS990/TotalAssetsGrp/EOYAmt04250655
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0158758
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0182915
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0352976
IRS990/TotalFunctionalExpensesGrp/TotalAmt0535891
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05411111
IRS990/TotalLiabilitiesEOYAmt05431109
IRS990/TotalLiabilitiesGrp/BOYAmt05411111

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