Totals
- Total revenue
- $682,871
- Total expenses
- $91,950
- Contributions and grants received
- $217,053
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$86,388
- Other revenue
- $552,206
- Total assets, end of year
- $14,196,774
- Total liabilities, end of year
- $3,738
- Net assets or fund balances, end of year
- $14,193,036
- Program services expenses (Part IX)
- $24,170
- Management and general expenses
- $67,780
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $24,170
Program services were 26.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$96,838
-
1f · All other contributions, gifts and grants
$120,215
-
1g · Noncash contributions included above
$1,000
-
3 · Investment income
total $166,112 · excluded $166,112
-
7b · Less cost or other basis and sales expenses
securities $252,500
-
7c · Gain or loss
securities -$252,500
-
7d · Net gain or loss
total -$252,500 · excluded -$252,500
-
11a · Other revenue: DEVELOPER FEE
total $552,206 · related or exempt $552,206
-
11e · Other revenue, total
$552,206
Functional expenses
Part IX, the statement of functional expenses.
-
10 · Payroll taxes
total $6,369 · program services $6,369
-
11b · Fees: legal
total $525 · program services $525
-
11c · Fees: accounting
total $7,585 · management and general $7,585
-
11f · Fees: investment management
total $20,014 · management and general $20,014
-
11g · Fees: other
total $7,735 · program services $7,735
-
13 · Office expenses
total $11,782 · management and general $11,782
-
17 · Travel
total $2,677 · program services $2,677
-
22 · Depreciation, depletion and amortization
total $970 · management and general $970
-
24a · Other expenses: MISCELLANEOUS
total $19,530 · management and general $19,530
-
24b · Other expenses: ADMINISTRATIVE EXPENSES
total $7,899 · management and general $7,899
-
24c · Other expenses: REIMBURSED EXPENSE
total $4,299 · program services $4,299
-
24d · Other expenses: STUDY COSTS
total $1,300 · program services $1,300
-
24e · All other expenses
total $1,265 · program services $1,265
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,204,976 · end of year $1,733,609
-
4 · Accounts receivable
beginning of year $119,658 · end of year $84,250
-
7 · Other notes and loans receivable
beginning of year $8,813,059 · end of year $8,813,059
-
10a · Land, buildings and equipment: cost or other basis
$8,310
-
10b · Land, buildings and equipment: accumulated depreciation
$970
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $7,340
-
11 · Investments: publicly traded securities
beginning of year $2,888,198 · end of year $3,509,203
-
15 · Other assets
beginning of year $1,001,228 · end of year $49,313
-
17 · Accounts payable and accrued expenses
beginning of year $5,600 · end of year $3,738
-
27 · Net assets without donor restrictions
beginning of year $14,021,519 · end of year $14,193,036
Mission and programs · 2022
Mission
TO DEVELOP, CONSTRUCT, OWN, MAINTAIN AND OPERATE SENIOR HOUSING
Activities or mission (Part I)
PROVIDE AFFORDABLE HOUSING AND AN ACTIVE COMMUNITY LIFESTYLE FOR LOWER INCOME SENIORS AND PERSONS WITH DISABILITIES.
-
THE ORGANIZATION OPERATES A 190-UNIT MID-RISE HOUSING COMMUNITY WITH OVER 200 RESIDENTS CONSISTING OF 81 STUDIO UNITS, 107 ONE-BEDROOM UNITS AND 2 TWO-BEDROOM UNITS. AGREEMENTS WITH HUD PROVIDE FOR REGULATIONS OF RENTAL CHARGES AND ELIGIBITY.
Expenses $24,170 · Revenue $552,206
As filed on the 2022 return.
Listed in Part VII
-
David WeeksDAVID WEEKS
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John SchillerstromJOHN SCHILLERSTROM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ray McGuryRAY MCGURY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Christina TrappCHRISTINA TRAPP
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
John GallagherJOHN GALLAGHER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Gary LeavenworthGARY LEAVENWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Grant CowenGRANT COWEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug LellbachDOUG LELLBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennise VaughnDENNISE VAUGHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce GeorgeBRUCE GEORGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerry CassioppiGERRY CASSIOPPI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erin WikstromERIN WIKSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karyn CharvatKARYN CHARVAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony LosurdoANTHONY LOSURDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt DoyleMATT DOYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Madhu UppalMADHU UPPAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark WrightMARK WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary KerbsMARY KERBS
EXECUTIVE DIRECTOR
- Total calculated
- $83,250
- From this org
- $83,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
NEH 1 OWNER LP
N/A · SENIOR HOUSING · IL
-
NEH 2 OWNER LP
N/A · SENIOR HOUSING · IL
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NEH 1 OWNER GP LLC
C · SENIOR HOUSING · IL · 79% owned · share of income -$47 · share of assets $505,831 · controlled entity
Directly controlled by NAPERVILLE ELDERLY HOMES INC
-
NEH 2 OWNER GP LLC
C · SENIOR HOUSING · IL · 100% owned · share of income -$65 · share of assets $409,757 · controlled entity
Directly controlled by NAPERVILLE ELDERLY HOMES INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313119349301136
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