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Sunset Woods Association

Tax-deductible

Highland Park, IL501(c)(3)Housing EIN 01-0628727Revenue $148K in FY2025Latest return filed Apr 15, 2026

On file with the IRSHighland Park, ILTax-exempt since Mar 2006Publicly supported — 509(a)(2)

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Provide residential rental facilities within the city of highland park, illinois for senior citizens of low and moderate income.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0628727) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $21K a year · 13% of revenue · last 6 filings
A surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
40%
of spending
40% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
17.6 mo
of spending, in cash
17.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$671K
60% of total assets
Liabilities are 60% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$148K
+5% vs prior year
Spent
$184K
To programs
40%
Net assets
$456K
By yearFY2020–FY2025
Revenue
$148K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$132K
FY2021$146K
FY2022$132K
FY2023$250K
FY2024$141K
FY2025$148K
Expenses
$184K
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$160K
FY2021$159K
FY2022$167K
FY2023$181K
FY2024$222K
FY2025$184K
Net assets
$456K
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$551K
FY2021$538K
FY2022$503K
FY2023$573K
FY2024$492K
FY2025$456K

From the FY2025 Form 990 · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $73K Management & general 60% · $111K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Luis Miguel Gonzalez
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sherri Farris
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeremy Rosen
Director
$0Pt VII · Sec A
See Sunset Woods Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable rental housing for low-income seniors in Highland Park.

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1 program · $73K · in their own filed words · FY2025
01

Provide residential rental facilities within the city of highland park, illinois for senior citizens of low and moderate income.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0628727) · Dispute this line
$73Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$148K
Ln 12
Fees for servicesLn 2g$148K
Investment incomeLn 3$64
Money outPt IX
$184K
Ln 25
Programscol B$73K
Managementcol C$111K
Owns and owesPt X
$456K
net assets · Ln 32
Cash and savingsLn 1–2$269K
Total assetsLn 16$1.1M
LiabilitiesLn 26$671K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$148K
Investment incomeLn 3$64
Total revenueLn 12$148K
Assets in detailPt X, end of year
CashLn 1$149K
SavingsLn 2$120K
Cash and savings togetherLn 1–2$269K
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$843K
Other assetsLn 15$13K
Total assetsLn 16$1.1M
LiabilitiesLn 26$671K
Net assetsLn 32$456K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$252K$269K
Land, buildings, equipmentLn 10c$893K$843K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$667K$671K
Net assetsLn 32$492K$456K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$9K$9K
Accounting feesLn 11c$13K$13K
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$50K$50K
Other expenses (24a–d)Ln 24$79K$24K$55K
All other expensesLn 24e$124$124
Total functional expensesLn 25$184K$73K$111K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 15, 2026 $148K$184K−$36K$456K 990 PDF
FY2024Filed with the IRS May 27, 2025 $141K$222K−$81K$492K 990 PDF
FY2023Filed with the IRS Apr 19, 2024 $250K$181K$70K$573K 990 PDF
FY2022Filed with the IRS Jun 7, 2023 $132K$167K−$35K$503K 990 PDF
FY2021Filed with the IRS May 18, 2022 $146K$159K−$13K$538K 990 PDF
FY2020Filed with the IRS Mar 10, 2021 $132K$160K−$29K$551K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $147,974 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $141,313$147,910
I-10 Investment incomePrior year $76$64
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $141,389$147,974
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $221,994$184,096
I-18 Total expensesPrior year $221,994$184,096
I-19 Revenue less expensesPrior year −$80,605−$36,122
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $147,974 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $147,910$147,910
VIII-3 Investment incomeExcluded from tax $64$64
VIII-12 Total revenueRelated to mission $147,910 · Unrelated business $0 · Excluded from tax $64$147,974
Part IX · Statement of functional expenses $184,096 across 6 lines filed
IX-11a Management feesManagement $8,846$8,846
IX-11c Accounting feesManagement $13,490$13,490
IX-20 InterestManagement $33,367$33,367
IX-22 Depreciation, depletion and amortizationPrograms $49,634$49,634
IX-24 Other expenses (24a–d)Programs $23,712 · Management $54,923$78,635
IX-24e All other expensesPrograms $124$124
IX-25 Total functional expensesPrograms $73,470 · Management $110,626 · Fundraising $0$184,096
Part X · Balance sheet $1,127,074 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $132,351$149,303
X-2 Savings and temporary cash investmentsStart of year $120,003$120,003
X-9 Prepaid expenses and deferred chargesStart of year $1,080$1,080
X-10c Land, buildings and equipment, netStart of year $893,084$843,450
X-15 Other assetsStart of year $13,200$13,238
X-16 Total assetsStart of year $1,159,718$1,127,074
X-17 Accounts payable and accrued expensesStart of year $0$1,970
X-23 Secured mortgages and notes payableStart of year $655,182$655,254
X-25 Other liabilitiesStart of year $12,300$13,736
X-26 Total liabilitiesStart of year $667,482$670,960
X-27 Net assets without donor restrictionsStart of year $492,236$456,114
X-32 Total net assets or fund balancesStart of year $492,236$456,114
X-33 Total liabilities and net assetsStart of year $1,159,718$1,127,074
Part XI · Reconciliation of net assets $456,114 net assets at year end
XI-1 Total revenue$147,974
XI-2 Total expenses$184,096
XI-3 Revenue less expenses−$36,122
XI-4 Net assets at start of year$492,236
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$456,114

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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