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Sunset Woods Association FY2020 filing

Tax-deductible

Highland Park, IL501(c)(3)HousingEIN 01-0628727

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

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$780K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$132K
Spent
$160K
To programs
43%
Net assets
$551K
By yearFY2020–FY2025
Revenue
$132K
FY2020
Revenue by fiscal year
FY2020$132K
FY2021$146K
FY2022$132K
FY2023$250K
FY2024$141K
FY2025$148K
Expenses
$160K
FY2020
Expenses by fiscal year
FY2020$160K
FY2021$159K
FY2022$167K
FY2023$181K
FY2024$222K
FY2025$184K
Net assets
$551K
FY2020
Net assets by fiscal year
FY2020$551K
FY2021$538K
FY2022$503K
FY2023$573K
FY2024$492K
FY2025$456K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

43 cents of each dollar spent went to programs.

Program services 43% · $69K Management & general 57% · $91K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Chadd Berkun
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jorge Abreu
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Andres Tapia
Director
$0Pt VII · Sec A
See Sunset Woods Association executive salaries →

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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.

Provided by the organization

This section is blank until Sunset Woods Association claims this page.

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1 program service account for $69K of program spending, described in the organization's own filed words · FY2020.
01

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

$69Kprogram expense

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$132K
Ln 12
Fees for servicesLn 2g$132K
Investment incomeLn 3$44
Other incomeLn 4–11$34
Money outPt IX
$160K
Ln 25
Programscol B$69K
Managementcol C$91K
Owns and owesPt X
$551K
net assets · Ln 32
Cash and savingsLn 1–2$248K
Total assetsLn 16$1.3M
LiabilitiesLn 26$780K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$132K
Investment incomeLn 3$44
Other incomeLn 4–11$34
Total revenueLn 12$132K
Assets in detailPt X, end of year
CashLn 1$130K
SavingsLn 2$118K
Cash and savings togetherLn 1–2$248K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$14K
Total assetsLn 16$1.3M
LiabilitiesLn 26$780K
Net assetsLn 32$551K
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 FY20End FY20
Cash and savingsLn 1–2$243K$248K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$782K$780K
Net assetsLn 32$579K$551K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$7K$7K
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$74K$19K$55K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$160K$69K$91K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $148K$184K−$36K$456K 990 PDF
FY2024 $141K$222K−$81K$492K 990 PDF
FY2023 $250K$181K$70K$573K 990 PDF
FY2022 $132K$167K−$35K$503K 990 PDF
FY2021 $146K$159K−$13K$538K 990 PDF
FY2020 Viewing $132K$160K−$29K$551K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $131,614 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $131,536$131,536
VIII-3 Investment incomeExcluded from tax $44$44
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $34$34
VIII-12 Total revenueRelated to mission $131,570 · Unrelated business $0 · Excluded from tax $44$131,614
Part IX · Statement of functional expenses $160,128 across 6 lines filed
IX-11c Accounting feesManagement $7,450$7,450
IX-20 InterestManagement $28,270$28,270
IX-22 Depreciation, depletion and amortizationPrograms $46,317$46,317
IX-23 InsurancePrograms $2,884$2,884
IX-24 Other expenses (24a–d)Programs $18,707 · Management $55,270$73,977
IX-24e All other expensesPrograms $1,230$1,230
IX-25 Total functional expensesPrograms $69,138 · Management $90,990 · Fundraising $0$160,128
Part X · Balance sheet $1,331,298 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $124,912$130,051
X-2 Savings and temporary cash investmentsStart of year $117,866$117,866
X-10c Land, buildings and equipment, netStart of year $1,106,007$1,069,232
X-15 Other assetsStart of year $13,051$14,149
X-16 Total assetsStart of year $1,361,836$1,331,298
X-25 Other liabilitiesStart of year $131,491$129,407
X-26 Total liabilitiesStart of year $782,357$780,333
X-27 Net assets without donor restrictionsStart of year $579,479$550,965
X-32 Total net assets or fund balancesStart of year $579,479$550,965
X-33 Total liabilities and net assetsStart of year $1,361,836$1,331,298
Part XI · Reconciliation of net assets $550,965 net assets at year end
XI-1 Total revenue$131,614
XI-2 Total expenses$160,128
XI-3 Revenue less expenses−$28,514
XI-4 Net assets at start of year$579,479
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$550,965

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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