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Nonprofiteer
← ILI SENIOR HOUSING-CHAPEL VALLEY ROAD INC

Form 990 for tax year 2023

Filed by ILI SENIOR HOUSING-CHAPEL VALLEY ROAD INC.

Totals

Total revenue
$419,034
Total expenses
$480,038
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$370,746
Investment income
$5,195
Other revenue
$43,093
Total assets, end of year
$1,478,443
Total liabilities, end of year
$2,850,766
Net assets or fund balances, end of year
-$1,372,323
Program services expenses (Part IX)
$386,452
Management and general expenses
$93,586
Fundraising expenses
$0
Program service expenses (Part III)
$386,452

Program services were 80.5% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $370,746 · related or exempt $370,746

  • 3 · Investment income

    total $5,195 · excluded $5,195

  • 11a · Other revenue: GAIN ON RESIDUAL RECEI

    total $37,874 · excluded $37,874

  • 11b · Other revenue: LAUNDRY

    total $2,824 · excluded $2,824

  • 11c · Other revenue: AIR CONDITIONER FEE

    total $1,500 · excluded $1,500

  • 11d · All other revenue

    total $895 · excluded $895

  • 11e · Other revenue, total

    $43,093

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $84,502 · program services $84,502

  • 8 · Pension plan contributions

    total $251 · program services $251

  • 9 · Other employee benefits

    total $11,532 · program services $11,532

  • 10 · Payroll taxes

    total $5,111 · program services $5,111

  • 11a · Fees: management

    total $25,092 · management and general $25,092

  • 11b · Fees: legal

    total $137 · management and general $137

  • 11c · Fees: accounting

    total $25,988 · management and general $25,988

  • 11g · Fees: other

    total $52,884 · program services $21,745 · management and general $31,139

  • 12 · Advertising and promotion

    total $5,843 · program services $5,843

  • 13 · Office expenses

    total $1,406 · management and general $1,406

  • 14 · Information technology

    total $43,487 · program services $43,487

  • 16 · Occupancy

    total $62,091 · program services $58,088 · management and general $4,003

  • 19 · Conferences, conventions and meetings

    total $66 · management and general $66

  • 22 · Depreciation, depletion and amortization

    total $96,700 · program services $96,700

  • 23 · Insurance

    total $9,793 · program services $7,566 · management and general $2,227

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $49,760 · program services $49,760

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,847 · management and general $2,847

  • 24c · Other expenses: RESIDENT CARE SUPPLIES

    total $1,867 · program services $1,867

  • 24d · Other expenses: LICENSES AND PERMITS

    total $681 · management and general $681

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $60,338 · end of year $27,183

  • 2 · Savings and temporary cash investments

    beginning of year $362,661 · end of year $249,983

  • 4 · Accounts receivable

    beginning of year $1,438 · end of year $1,765

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,286 · end of year $19,091

  • 10a · Land, buildings and equipment: cost or other basis

    $3,267,961

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,087,540

  • 10c · Land, buildings and equipment, net

    beginning of year $1,254,026 · end of year $1,180,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $189,296 · end of year $108,971

  • 19 · Deferred revenue

    beginning of year $1,530 · end of year $2,372

  • 23 · Secured mortgages and notes payable

    beginning of year $194,904 · end of year $194,904

  • 25 · Other liabilities

    beginning of year $2,618,338 · end of year $2,544,519

  • 27 · Net assets without donor restrictions

    beginning of year -$1,311,319 · end of year -$1,372,323

Mission and programs · 2023

Mission

THE ORGANIZATION PROVIDES SUBSIDIZED HOUSING FOR LOW-INCOME ELDERLY OR DISABLED PERSONS.

  • ILI SENIOR HOUSING-CHAPEL VALLEY ROAD INC. PROVIDED 42 ONE-BEDROOM UNITS OF SUBSIDIZED HOUSING FOR LOW-INCOME ELDERLY OR DISABLED PERSONS.

    Expenses $386,452 · Revenue $370,746

As filed on the 2023 return.

Listed in Part VII

  • Matthew Mauthe

    PRESIDENT

    Total calculated
    $658,445
    From this org
    $0
    From related orgs
    $626,375
    Other
    $32,070
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $573,965 related
    Bonus
    $0 + $31,875 related
    Other
    $0 + $20,535 related
    Deferred
    $0 + $8,325 related
    Nontaxable benefits
    $0 + $23,745 related
    Filer's total
    $0 + $658,445 related

  • Michael Libby

    SECRETARY

    Total calculated
    $336,372
    From this org
    $0
    From related orgs
    $297,355
    Other
    $39,017
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,399 related
    Bonus
    $0 + $46,448 related
    Other
    $0 + $20,508 related
    Deferred
    $0 + $8,662 related
    Nontaxable benefits
    $0 + $30,355 related
    Filer's total
    $0 + $336,372 related

  • Nicole Chwala

    TREASURER

    Total calculated
    $318,388
    From this org
    $0
    From related orgs
    $284,971
    Other
    $33,417
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,921 related
    Bonus
    $0 + $4,648 related
    Other
    $0 + $4,402 related
    Deferred
    $0 + $7,722 related
    Nontaxable benefits
    $0 + $25,695 related
    Filer's total
    $0 + $318,388 related

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

None.

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 3
RELATED ORGANIZATIONS USE THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE

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.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MARQUART INVESTMENTS

    C · INVESTMENTS · WI

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349313267

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