Starved Rock Homes Development Corp FY2023 filing

Not tax-deductible

Ottawa, IL501(c)(4) EIN 36-2903123Revenue $397K in FY2023Latest return filed May 6, 2025

On file with the IRSOttawa, ILTax-exempt since Jul 1991

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Senior living facility

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
11¢ of each $1 spent went to programs.
$11K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $202K a year · 66% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
11%
of spending
Concern: 11% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
95 mo
of spending, in cash
Looks good: 94.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$397K
+75% vs prior year
Spent
$106K
To programs
11%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$397K
FY2023▲ +75%
Tap a bar for its year
Revenue by fiscal year
FY2020$194K
FY2021$276K
FY2022$226K
FY2023$397K
FY2024$446K
Expenses
$106K
FY2023▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$103K
FY2021$93K
FY2022$107K
FY2023$106K
FY2024$121K
Net assets
$1.3M
FY2023▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$739K
FY2021$922K
FY2022$1.0M
FY2023$1.3M
FY2024$1.7M

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1991.

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

Where the money goes

11 cents of each dollar spent went to programs.

Program services 11% · $11K Management & general 89% · $95K

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

4 people listed on the 990; $11K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Tr
$10,946Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Rick Jurkas—$10,946$10,177
Ed Biggins$6,737——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Starved Rock Homes Development Corp 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

Starved Rock Homes Development Corp is a membership association based in Ottawa, IL.

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1 program · $11K · in their own filed words · FY2023
01

Management fees and laundry services for low-income housing.

$11Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$397K
Ln 12
Other incomeLn 4–11$224K
Fees for servicesLn 2g$173K
Investment incomeLn 3$240
Money outPt IX
$106K
Ln 25
Programscol B$11K
Managementcol C$95K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$837K
Total assetsLn 16$1.3M
LiabilitiesLn 26$3K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$173K
Investment incomeLn 3$240
Other incomeLn 4–11$224K
Total revenueLn 12$397K
Assets in detailPt X, end of year
CashLn 1$837K
Cash and savings togetherLn 1–2$837K
Prepaid expenses and deferred chargesLn 9$8K
Land, buildings, equipmentLn 10c$18K
InvestmentsLn 11–13$479K
Total assetsLn 16$1.3M
LiabilitiesLn 26$3K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$772K$837K
InvestmentsLn 11–13$256K$479K
Land, buildings, equipmentLn 10c$22K$18K
Total assetsLn 16$1.1M$1.3M
LiabilitiesLn 26$3K$3K
Net assetsLn 32$1.0M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$44K$44K
Other employee benefitsLn 9$16K$16K
Accounting feesLn 11c$4K$4K
OccupancyLn 16$6K$6K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$19K$5K$15K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$106K$11K$95K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 6, 2025 $446K$121K$325K$1.7M 990 PDF
FY2023 ViewingFiled with the IRS May 10, 2024 $397K$106K$291K$1.3M 990 PDF
FY2022Filed with the IRS Jul 5, 2023 $226K$107K$119K$1.0M 990 PDF
FY2021Filed with the IRS Nov 13, 2022 $276K$93K$183K$922K 990 PDF
FY2020Filed with the IRS Aug 6, 2021 $194K$103K$91K$739K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $397,318 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $144,849$173,271
I-10 Investment incomePrior year $225$240
I-11 Other revenuePrior year $81,354$223,807
I-12 Total revenuePrior year $226,428$397,318
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $53,733$60,095
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $53,516$45,732
I-18 Total expensesPrior year $107,249$105,827
I-19 Revenue less expensesPrior year $119,179$291,491
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $397,318 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $173,271$173,271
VIII-3 Investment incomeExcluded from tax $240$240
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $223,807$223,807
VIII-12 Total revenueRelated to mission $173,271 · Excluded from tax $224,047$397,318
Part IX · Statement of functional expenses $105,827 across 9 lines filed
IX-7 Other salaries and wagesManagement $43,652$43,652
IX-9 Other employee benefitsManagement $16,443$16,443
IX-11c Accounting feesManagement $4,500$4,500
IX-16 OccupancyManagement $6,000$6,000
IX-19 Conferences, conventions and meetingsManagement $1,450$1,450
IX-22 Depreciation, depletion and amortizationPrograms $6,666$6,666
IX-23 InsuranceManagement $6,941$6,941
IX-24 Other expenses (24a–d)Programs $4,512 · Management $14,536$19,048
IX-24e All other expensesManagement $1,127$1,127
IX-25 Total functional expensesPrograms $11,178 · Management $94,649 · Fundraising $0$105,827
Part X · Balance sheet $1,342,044 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $771,581$837,148
X-9 Prepaid expenses and deferred chargesStart of year $2,624$7,940
X-10c Land, buildings and equipment, netStart of year $22,357$18,255
X-13 Program-related investmentsStart of year $256,115$478,701
X-16 Total assetsStart of year $1,052,677$1,342,044
X-17 Accounts payable and accrued expensesStart of year $3,286$3,140
X-26 Total liabilitiesStart of year $3,286$3,140
X-27 Net assets without donor restrictionsStart of year $1,049,391$1,338,904
X-32 Total net assets or fund balancesStart of year $1,049,391$1,338,904
X-33 Total liabilities and net assetsStart of year $1,052,677$1,342,044
Part XI · Reconciliation of net assets $1,338,904 net assets at year end
XI-1 Total revenue$397,318
XI-2 Total expenses$105,827
XI-3 Revenue less expenses$291,491
XI-4 Net assets at start of year$1,049,391
XI-9 Other changes in net assets−$1,978
XI-10 Net assets at end of year$1,338,904

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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