Civic Intelligence

Lakeforest Development Foundation

990 • Fiscal year 2023 • EIN 85-3459552

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 12, 2024

Organization ProfileNONE
2630 Chelsey StBuffalo Grove, IL 60089

(847) 271-8170

Siviq Scores

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

Liabilities / Assets

94th percentile

0.99x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

84.87x

Higher debt load relative to revenue than 100% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

100th percentile

197297400%

Faster asset growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$1,972,975

Up $1,972,974 (+197297400%) from 2022

Net Assets

Up

$22,975

Up $22,975 from 2022

Liabilities

Up

$1,950,000

Up $1,950,000 from 2022

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin100th percentile

Revenue

Up

$22,975

Up $22,975 from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Up

$22,975

Up $22,975 from 2022

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$3.0M$2.0M$1.0M$0Assets 2022: $1Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $1,972,975Liabilities 2023: $1,950,000Net Assets 2023: $22,9752023Assets 2024: $2,119,231Liabilities 2024: $1,950,000Net Assets 2024: $169,2312024

Highlighted filing

2023

Assets$1,972,975
Liabilities$1,950,000
Net Assets$22,975
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $22,975Expenses 2023: $0Net Income 2023: $22,9752023Revenue 2024: $146,256Expenses 2024: $0Net Income 2024: $146,2562024

Highlighted filing

2023

Revenue$22,975
Expenses$0
Net Income$22,975
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 12, 2024
Return Version
2023v5.1
Gross Receipts
$22,975
Mission and Program Overview

Mission

Helping under serv community

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$1,972,975-
Rtn Earn Endowment Incm Other Fnds-$22,975-
Total Assets$0$1,972,975▲ $1,972,975
Liabilities
Unsecured Notes Loans Payable-$1,950,000-
Total Liabilities$0$1,950,000▲ $1,950,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$22,975▲ $22,975
Total Liabilities and Net Assets / Fund Balance$0$1,972,975▲ $1,972,975
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Lakshmi NeseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$22,975
Other Revenue
$0
Change in Net Assets
$22,975
Expenses and Functional Allocation

Major Expense Lines

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

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

“Each meeting is documented by meeting minutes.”

Form 990 governing body review Part VI line 11

“Tax return was presented to governing body before filing.”

Governing documents etc available to public Part VI line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lakeforest Development Foundation
EIN
85-3459552
Address
2630 CHELSEY ST, Buffalo Grove, IL 60089

Signing Officer

Name
Lakshmi Nese
Title
President
Phone
8472718170
Signed
2024-03-12
Discuss with paid preparer
No

Organization Details

Formed
2023
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
1

Preparer

Firm
M Amin and Co Ltd
Address
1 W DUNDEE RD, Buffalo Grove, IL 60089
Preparer
Manojkumar Amin CPA
Phone
8477775100
Raw XML Appendix212 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02023
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IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd0false
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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt022975
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt022975
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HELPING UNDER SERV COMMUNITY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt022975
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt022975
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt022975
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IRS990ScheduleA/ChurchInd0X
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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IRS990/SchoolOperatingInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt00
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LAKSHMI NESE
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-12
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ReturnHeader/Filer/EIN0853459552
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Buffalo Grove
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-14T15:34:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,972,975
Liabilities
$1,950,000
Net assets
$22,975
Revenue
$22,975
Expenses
$0
Net income
$22,975
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$1.95$0.17$0.15$0.00$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.97$1.95$0.02$0.02$0.00$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00