CHESTNUT RESOLUTIONS INC NFP

Address
1003 MARTIN LUTHER KING DRIVE
BLOOMINGTON, IL 61701
Contact
Phone: +1 (309) 820-3579
Nonprofit
NTEE: I20 - Crime Prevention N.E.C.
EIN: 42-1692441

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS WITH DISABILITIES AND THEIR FAMILIES.
 20172016201520142013
Basic features of the organization
Year of formation2006
Subsection code03
PF filing required0    
Metropolitan statistical area1040
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $0.00   
Sum of reportable (W2/1099) compensation$0.00$0.00   
Number of employees00   
Number of people compensated >$100k00   
Number of volunteers0    
Number of highly compensated contractors00   
Personnel
Brimer, Dan
TitleDirectorDirector   
Name of key/compensated personDAN BRIMERDAN BRIMER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.0   
Hagen, Russell
TitlePresident & CEOPresident & CEO   
Name of key/compensated personRUSSell J HAGENRUSSell J HAGEN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$33,404.00$36,706.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $501,034.00$477,453.00   
Average hours per week working for related orgs40.0040.0   
Mercer, Orville
TitleSecretarySecretary   
Name of key/compensated personORVILLE D MERCERORVILLE D MERCER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$27,351.00$24,914.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $141,202.00$143,814.00   
Average hours per week working for related orgs40.0040.0   
Sender, Alan
TitleTREASURER & COOTREASURER & COO   
Name of key/compensated personAlan L SenderAlan L Sender   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$16,637.00$18,018.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $100,782.00$186,939.00   
Average hours per week working for related orgs30.0030.0   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE SEVEN LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIESTO PROVIDE SEVEN LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIES   
Program service expenses, total$97,879.00$111,723.00   
Programs, including revenue & expenses
PROVIDED 7 LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIES.
Program expenses$97,879.00$111,723.00   
Program revenue$37,241.00$40,561.00   
Program descriptionPROVIDED 7 LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIES.PROVIDED 7 LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIES.   
Financial data
Revenue
Total revenue$98,457.00$117,850.00   
Revenue from contributions (total)$61,198.00$77,274.00$59,044.00$55,289.00$58,149.00
Investment income, current yr$18.00$15.00   
Total revenue from grants, etc., current yr$61,198.00$77,274.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr$26.00$0.00   
Net unrelated business taxable revenue$0.00    
Program service revenue (total)$37,215.00$40,561.00$40,566.00$35,437.00$33,114.00
Gross receipts$98,457.00$117,850.00   
Sources of contributions
Contributions from related organizations$61,198.00$77,274.00   
Other types of revenue
Royalties (total) $0.00   
Miscellaneous revenue (total)$26.00$0.00   
Net revenue from gaming (total) $0.00   
Income from dividends, interest, and similar investments$18.00$15.00   
Net rental income $0.00$0.00$0.00$0.00
Net income from fundraising events $0.00   
Net inventory sales (total) $0.00   
Expense categories (totals)
Total functional expenses: sum of all$128,773.00$148,245.00   
Total functional expenses: program service $97,879.00$111,723.00   
Total functional expenses: management and general$30,894.00$36,522.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Lobbying fees (total) $0.00   
Legal fees (total) $0.00   
Fundraising service fees (total)$0.00$0.00   
General management fees (total)$30,784.00$51,885.00   
Investment management fees (total) $0.00   
Assets and liabilities
Total assets$883,442.00$908,049.00$944,003.00$979,857.00$1,007,208.00
Total assets, beginning of year$908,049.00$944,003.00   
Total liabilities$1,312,622.00$1,306,913.00$1,312,472.00$1,314,226.00$1,302,259.00
Total liabilities, beginning of year$1,306,913.00$1,312,472.00   
Pledges & accounts receivable, net $0.00   
Loans & receivables from key persons $0.00   
Net assets-$429,180.00-$398,864.00   
Net assets, beginning of year-$398,864.00-$368,469.00   
Other liabilities$3,067.00$12,735.00   
Bond liabilities $0.00   
Intangible assets$37,049.00$38,284.00   
Other assets$93,904.00$80,579.00   
Investments: other securities $0.00   
Investments: publicly traded securities $0.00   
Cash: non-interest bearing$36,120.00$31,394.00   
Cash: non-interest bearing, beginning of year$31,394.00$30,967.00   
Investments -- program-related $0.00   
Escrow or custodial account liability $0.00   
Loans and other payables to key persons $0.00   
Grants payable $0.00   
Inventories for sale or use $0.00   
Other financial variables
Revenue less expenses-$30,316.00-$30,395.00   
Advertising (total) $0.00   
Savings & temp cash investment $0.00   
Accounts receivable, net$309.00$0.00   
Prepaid expenses & deferred charges $0.00   
Accounts payable & accrued expenses$31,055.00$15,678.00   
Deferred revenue $0.00   
Unsecured notes & loans to unrelated parties $0.00   
Secured mortgages and notes payable$1,278,500.00$1,278,500.00   
Total net assets or fund balances-$429,180.00-$398,864.00   
Depreciation, depletion, amortization$42,967.00$43,566.00   
Payment to affiliates $0.00   
Governance and accountability
Number of voting members44   
Number of independent voting members11   
Financial sheets auditedTrueTrue   
Audited on both consolidated and separate basisTrueTrue   
Accrual accountingTrueTrue   
Tax year start date2016-07-012015-07-01   
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Date e-filing submitted2018-03-152017-08-11   
IRS schema version2016v3.02015v3.0   
Filing identifier201840279349300509201700759349300010   
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