North Woodriver Foundation
- Assets
- $2.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Tinley Park, IL
- Founding
- 08/1987
- Data as of
- 05/2023
- EIN
- 36-3515219
Organization Overview
North Woodriver Foundation is located in Tinley Park, IL. The organization was established in 1987. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Woodriver Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, North Woodriver Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.3m during the year ending 05/2023. While expenses have increased by 0.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROJECT PROVIDES HOUSING TO ELIGIBLE LOW INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED BY HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT PROVIDES HOUSING TO ELIGIBLE LOW-INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED PURSUANT TO HUD GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Gerald M Dew President | OfficerTrustee | 2 | $0 |
Rev George Daniels Director | Trustee | 2 | $0 |
Ricky Guyton Vice President | OfficerTrustee | 2 | $0 |
John Taylor Secretary | OfficerTrustee | 2 | $0 |
Rev Herman Larry Director | Trustee | 2 | $0 |
Ed Shepherd Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,326,656 |
| Investment income | $4,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,331,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,415 |
| Payroll taxes | $37,457 |
| Fees for services: Management | $54,050 |
| Fees for services: Legal | $10,380 |
| Fees for services: Accounting | $21,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25 |
| Office expenses | $45,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,923 |
| Interest | $111,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,576 |
| Insurance | $42,126 |
| All other expenses | $137,278 |
| Total functional expenses | $1,328,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,480 |
| Savings and temporary cash investments | $420,486 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,091 |
| Net Land, buildings, and equipment | $1,548,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $149,402 |
| Other assets | $57,167 |
| Total assets | $2,205,313 |
| Accounts payable and accrued expenses | $66,738 |
| Grants payable | $0 |
| Deferred revenue | $20,590 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,336,109 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,667 |
| Total liabilities | $4,492,104 |
| Net assets without donor restrictions | -$2,286,791 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,205,313 |