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Nonprofiteer
← SHERMAN APARTMENTS ASSOCIATION

Form 990 for tax year 2023

Filed by SHERMAN APARTMENTS ASSOCIATION.

Totals

Total revenue
$233,223
Total expenses
$288,125
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$232,750
Investment income
$473
Other revenue
$0
Total assets, end of year
$2,543,910
Total liabilities, end of year
$397,449
Net assets or fund balances, end of year
$2,146,461
Program services expenses (Part IX)
$246,174
Management and general expenses
$41,951
Fundraising expenses
$0
Program service expenses (Part III)
$246,174

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRANCES L BAKER

    SECRETARY/TREASURER

    Total calculated
    $225,236
    From this org
    $0
    From related orgs
    $206,928
    Other
    $18,308
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,928 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,356 related
    Nontaxable benefits
    $0 + $10,952 related
    Filer's total
    $0 + $225,236 related

  • WALTER DWYER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • RICK POULTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • BRUCE SIMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
$500 PER MONTH FOR A TRAVEL ALLOWANCE, NOT TREATED AS COMPENSATION
PART I, LINE 3
COMPENSATION PAID BY A RELATED ENTITY IS DETERMINED BY EXPERIENCE AND CREDENTIALS OF EMPLOYEES AND RESEARCH OF EQUIVALENT AGENCIES ARE CONSIDERED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AURORA RESIDENTIAL SERVICES

    501(C)(3) · HOUSING FOR INDIVIDUALS WITH MENTAL ILLNESS · IL

    Directly controlled by ASSOCIATION FOR INDIVIDUAL DEVELOPMENT

  • A&E ASSOCIATION

    501(C)(3) · HOUSING TO THE DEVELOPMENTALLY DISABLED · IL

    Directly controlled by ASSOCIATION FOR INDIVIDUAL DEVELOPMENT

  • KANECO ASSOCIATION

    501(C)(3) · HOUSING TO THE DEVELOPMENTALLY DISABLED · IL

    Directly controlled by ASSOCIATION FOR INDIVIDUAL DEVELOPMENT

  • KANE HOMES ASSOCIATION

    501(C)(3) · HOUSING TO THE DEVELOPMENTALLY DISABLED · IL

    Directly controlled by ASSOCIATION FOR INDIVIDUAL DEVELOPMENT

  • ASSOCIATION FOR INDIVIDUAL DEVELOPMENT

    501(C)(3) · SUPPORT FOR INDIVIDUALS WITH MENTAL ILLNESS AND/OR DEVELOPMENTAL DISABILITY · IL

  • AID COMMUNITY HOUSING

    501(C)(3) · COMMUNITY HOUSING DEVELOPMENT · IL

    Directly controlled by ASSOCIATION FOR INDIVIDUAL DEVELOPMENT

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202521299349303177

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