Civic Intelligence

Chestnut Resolutions Inc. Nfp

990 • Fiscal year 2020 • EIN 42-1692441

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 27, 2020

1003 Martin Luther King DriveBloomington, IL 61701

(309) 820-3579

Siviq Scores

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

Liabilities / Assets

97th percentile

1.77x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

13.77x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

11th percentile

-34%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

17th percentile

-5.7%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

6.4%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$738,715

Down $44,332 (-5.7%) from 2019

Net Assets

Down

-$566,782

Down $32,676 (-6.1%) from 2019

Liabilities

Down

$1,305,497

Down $11,656 (-0.9%) from 2019

Revenue

Up

$94,832

Up $5,681 (+6.4%) from 2019

Expenses

Down

$127,508

Down $17,869 (-12%) from 2019

Net Income

Up

-$32,676

Up $23,550 (+42%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $1,092,615Liabilities 2011: $1,300,670Net Assets 2011: -$208,0552011Assets 2012: $1,051,838Liabilities 2012: $1,304,430Net Assets 2012: -$252,5922012Assets 2013: $1,007,208Liabilities 2013: $1,302,259Net Assets 2013: -$295,0512013Assets 2014: $979,857Liabilities 2014: $1,314,226Net Assets 2014: -$334,3692014Assets 2015: $944,003Liabilities 2015: $1,312,472Net Assets 2015: -$368,4692015Assets 2016: $908,049Liabilities 2016: $1,306,913Net Assets 2016: -$398,8642016Assets 2017: $883,442Liabilities 2017: $1,312,622Net Assets 2017: -$429,1802017Assets 2018: $830,307Liabilities 2018: $1,308,187Net Assets 2018: -$477,8802018Assets 2019: $783,047Liabilities 2019: $1,317,153Net Assets 2019: -$534,1062019Assets 2020: $738,715Liabilities 2020: $1,305,497Net Assets 2020: -$566,7822020Assets 2021: $673,896Liabilities 2021: $1,273,182Net Assets 2021: -$599,2862021Assets 2022: $654,627Liabilities 2022: $1,287,833Net Assets 2022: -$633,2062022Assets 2023: $644,420Liabilities 2023: $1,310,827Net Assets 2023: -$666,4072023

Highlighted filing

2020

Assets$738,715
Liabilities$1,305,497
Net Assets-$566,782

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $55,007Expenses 2011: $99,331Net Income 2011: -$44,3242011Revenue 2012: $86,304Expenses 2012: $130,841Net Income 2012: -$44,5372012Revenue 2013: $91,277Expenses 2013: $133,736Net Income 2013: -$42,4592013Revenue 2014: $90,739Expenses 2014: $130,057Net Income 2014: -$39,3182014Revenue 2015: $99,625Expenses 2015: $133,725Net Income 2015: -$34,1002015Revenue 2016: $117,850Expenses 2016: $148,245Net Income 2016: -$30,3952016Revenue 2017: $98,457Expenses 2017: $128,773Net Income 2017: -$30,3162017Revenue 2018: $90,414Expenses 2018: $139,114Net Income 2018: -$48,7002018Revenue 2019: $89,151Expenses 2019: $145,377Net Income 2019: -$56,2262019Revenue 2020: $94,832Expenses 2020: $127,508Net Income 2020: -$32,6762020Revenue 2021: $98,392Expenses 2021: $130,896Net Income 2021: -$32,5042021Revenue 2022: $101,012Expenses 2022: $134,932Net Income 2022: -$33,9202022Revenue 2023: $95,741Expenses 2023: $128,942Net Income 2023: -$33,2012023

Highlighted filing

2020

Revenue$94,832
Expenses$127,508
Net Income-$32,676
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 27, 2020
Return Version
2019v5.1
Gross Receipts
$94,832
Mission and Program Overview

Mission

To provide affordable housing to low income individuals with disabilities and their families.

To profide seven low-income housing units for persons with disabillities and their families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$634,158$593,886▼ $40,272
Intangible Assets$34,579$33,344▼ $1,235
Cash and Non-Interest-Bearing Accounts$13,311$15,023▲ $1,712
Accounts Receivable$6,119$1,558▼ $4,561
Total Assets$783,047$738,715▼ $44,332
Other Assets Total$94,880$94,904▲ $24
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,278,500$1,278,500→ $0
Accounts Payable and Accrued Expenses$18,747$16,335▼ $2,412
Other Liabilities$19,906$10,662▼ $9,244
Total Liabilities$1,317,153$1,305,497▼ $11,656
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-534,106$-566,782▼ $32,676
Total Net Assets Fund Balance$-534,106$-566,782▼ $32,676
Total Liabilities and Net Assets / Fund Balance$783,047$738,715▼ $44,332

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$528,540$470,948$999,488
Other Land Buildings$35,346$103,707$139,053
Equipment$0$45,667$45,667
Land$30,000-$30,000
Other Assets Org$2,452--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sharar David aChair & CEO
Vic ArmstrongDirector
Orville D MercerSecretary
Leekha PuneetTreasurer & COO
Revenue and Support

Revenue Composition

Contributions and Grants
$57,951
Program Service Revenue
$27,601
Investment Income
$36
Other Revenue
$9,244
Change in Net Assets
$-32,676

Audited Revenue Reconciliation

Revenue per Audited Statements
$94,832
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$94,832
Total Revenue per Form 990
$94,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$127,508
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$41,507--$41,507
Fees for Services Management$11,653$13,217-$24,870
Occupancy$20,395--$20,395
Office Expenses$12,785$2,950-$15,735
Fees for Services Accounting-$14,019-$14,019
Insurance$3,559--$3,559
Conferences and Meetings-$107-$107
Other Expenses$3,003$15-$15
Total Functional Expenses$92,902$34,606$0$127,508

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$127,508
Total Expenses per Audited Statements$127,508
Total Expenses per Form 990$127,508
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
Residual Receipts$8,253
Tenant Deposits Held in Trust$2,409
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization has an annual board meeting. Contemporaneous minutes of the annual meeting are maintained by the organization. The organization has no committees.

Form 990, Part VI, Section B, Line 11B

The organization does not have any employees. Services are rendered by a related organization, chestnut health systems inc. Which has a written conflict of interest policy which requires annual disclosure of any relationshhips that could give rise to conflicts, a whistleblower policy in connection with all employees and a formal document retention and destruction policy.

PART VI, LINE 13:

Chestnut maintains a corporate compliance policy to encourage staff to report instances of misconduct without the threat of retaliation. Chestnut takes seriously any alleged or actual misconduct and has developed measures to encourage ethical conduct while discouraging retaliation for reporting of unethical conduct. Chestnut staff should report any misconduct as outlined in the chestnut corporate compliance policy. Chestnut staff must comply with state and federal law and professional codes of ethics in reporting breaches of professional conduct or professional impairment that are revealed within the training environment.

PART VI, LINE 14:

Every chestnut staff person is responsible for the integrity and accuracy of chestnut's documents and records, not only to comply with all applicable legal and regulatory requirements, but also to insure that records are available to defend chestnut's business practices or other actions. No staff person may falsify information on any record or document. No staff person may destroy any records or documents except in accordance with chestnut's record retention policy. The client and businsess records of chestnut are retained in accordance with applicable law and the chestnut record retention policy. Client records and business documents include paper and electronic documents such as letters and memos,computer-based information such as email or computer files stored on servers, disk or tape, and any other medium that contains information about chestnut or its business activities. Staff must retain and destroy records appropriately according to chestnut's policy. Staff must not tamper with records, nor remove or destroy them prior to the specified date.

Form 990, Part VI, Section C, Line 19

The organization makes these documents available upon request at its offices during normal business hours.

Filing and Contact Details

Filer

Filer Name
Chestnut Resolutions Inc Nfp
EIN
42-1692441
Phone
3098203579
Address
1003 MARTIN LUTHER KING DRIVE, BLOOMINGTON, IL 61701

Signing Officer

Name
David Sharar
Title
President & CEO
Phone
3098203579
Signed
2020-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Sharar
Formed
2006
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
200 SOUTH WACKER DRIVE SUITE 2600, CHICAGO, IL 60606
Preparer
Lori Rothe Yokobosky CPA
Phone
3125085900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed form prior year.

Financial Statement Notes

PART X, LINE 2:

Chestnut resolutions, inc nfp is exempt from income taxes under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended june 30, 2020. Accordingly, no provision for income taxes has been included in the accompanying financial statements.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt028099
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt030066
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt037215
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt040561
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0163542
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0182
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09244
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09270
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98070
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt0481252
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt085552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt089103
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt090349
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt098413
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0117835
IRS990ScheduleA/Total509Grp/TotalAmt0481252
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt094832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt089151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt090414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt098457
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0117850
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0490704
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/BookValueAmt0528540
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0470948
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0999488
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045667
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045667
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0127508
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt030000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt149527
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29648
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt310003
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt42452
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANT DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035346
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0103707
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0139053
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt094832
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHESTNUT RESOLUTIONS, INC NFP IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2020. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0593886
IRS990ScheduleD/TotalBookValueOtherAssetsAmt094904
IRS990ScheduleD/TotalExpensesPerForm990Amt0127508
IRS990ScheduleD/TotalLiabilityAmt010662
IRS990ScheduleD/TotalRevenuePerForm990Amt094832
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt094832
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0127508
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt020000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt110000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt222660
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0224034
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1160097
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2294890
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt09327
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17906
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt212500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt120142
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt220993
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt2315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LEEKHA PUNEET
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ORVILLE D MERCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SHARAR DAVID A
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER & COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHAIR & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0278291
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1198460
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2351358
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION THROUGH VARIOUS METHODS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE J, PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS AN ANNUAL BOARD MEETING. CONTEMPORANEOUS MINUTES OF THE ANNUAL MEETING ARE MAINTAINED BY THE ORGANIZATION. THE ORGANIZATION HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. SERVICES ARE RENDERED BY A RELATED ORGANIZATION, CHESTNUT HEALTH SYSTEMS INC. WHICH HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH REQUIRES ANNUAL DISCLOSURE OF ANY RELATIONSHHIPS THAT COULD GIVE RISE TO CONFLICTS, A WHISTLEBLOWER POLICY IN CONNECTION WITH ALL EMPLOYEES AND A FORMAL DOCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHESTNUT MAINTAINS A CORPORATE COMPLIANCE POLICY TO ENCOURAGE STAFF TO REPORT INSTANCES OF MISCONDUCT WITHOUT THE THREAT OF RETALIATION. CHESTNUT TAKES SERIOUSLY ANY ALLEGED OR ACTUAL MISCONDUCT AND HAS DEVELOPED MEASURES TO ENCOURAGE ETHICAL CONDUCT WHILE DISCOURAGING RETALIATION FOR REPORTING OF UNETHICAL CONDUCT. CHESTNUT STAFF SHOULD REPORT ANY MISCONDUCT AS OUTLINED IN THE CHESTNUT CORPORATE COMPLIANCE POLICY. CHESTNUT STAFF MUST COMPLY WITH STATE AND FEDERAL LAW AND PROFESSIONAL CODES OF ETHICS IN REPORTING BREACHES OF PROFESSIONAL CONDUCT OR PROFESSIONAL IMPAIRMENT THAT ARE REVEALED WITHIN THE TRAINING ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVERY CHESTNUT STAFF PERSON IS RESPONSIBLE FOR THE INTEGRITY AND ACCURACY OF CHESTNUT'S DOCUMENTS AND RECORDS, NOT ONLY TO COMPLY WITH ALL APPLICABLE LEGAL AND REGULATORY REQUIREMENTS, BUT ALSO TO INSURE THAT RECORDS ARE AVAILABLE TO DEFEND CHESTNUT'S BUSINESS PRACTICES OR OTHER ACTIONS. NO STAFF PERSON MAY FALSIFY INFORMATION ON ANY RECORD OR DOCUMENT. NO STAFF PERSON MAY DESTROY ANY RECORDS OR DOCUMENTS EXCEPT IN ACCORDANCE WITH CHESTNUT'S RECORD RETENTION POLICY. THE CLIENT AND BUSINSESS RECORDS OF CHESTNUT ARE RETAINED IN ACCORDANCE WITH APPLICABLE LAW AND THE CHESTNUT RECORD RETENTION POLICY. CLIENT RECORDS AND BUSINESS DOCUMENTS INCLUDE PAPER AND ELECTRONIC DOCUMENTS SUCH AS LETTERS AND MEMOS,COMPUTER-BASED INFORMATION SUCH AS EMAIL OR COMPUTER FILES STORED ON SERVERS, DISK OR TAPE, AND ANY OTHER MEDIUM THAT CONTAINS INFORMATION ABOUT CHESTNUT OR ITS BUSINESS ACTIVITIES. STAFF MUST RETAIN AND DESTROY RECORDS APPROPRIATELY ACCORDING TO CHESTNUT'S POLICY. STAFF MUST NOT TAMPER WITH RECORDS, NOR REMOVE OR DESTROY THEM PRIOR TO THE SPECIFIED DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST AT ITS OFFICES DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FORM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, LINE 13:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.64$1.31$0.67$0.10$0.13$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$1.29$0.63$0.10$0.13$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$1.27$0.60$0.10$0.13$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.74$1.31$0.57$0.09$0.13$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$1.32$0.53$0.09$0.15$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$1.31$0.48$0.09$0.14$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$1.31$0.43$0.10$0.13$0.03
2016Summary only. Only limited summary data is available for this year.$0.91$1.31$0.40$0.12$0.15$0.03
2015Summary only. Only limited summary data is available for this year.$0.94$1.31$0.37$0.10$0.13$0.03
2014Summary only. Only limited summary data is available for this year.$0.98$1.31$0.33$0.09$0.13$0.04
2013Summary only. Only limited summary data is available for this year.$1.01$1.30$0.30$0.09$0.13$0.04
2012Summary only. Only limited summary data is available for this year.$1.05$1.30$0.25$0.09$0.13$0.04
2011Summary only. Only limited summary data is available for this year.$1.09$1.30$0.21$0.06$0.10$0.04
Peer Organizations

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