Prairie Haven Homes Ltd
- Assets
- $2.0m
- Revenue
- $559.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Tinley Park, IL
- Founding
- 06/1996
- Data as of
- 03/2021
- EIN
- 36-4081107
Organization Overview
Prairie Haven Homes Ltd is located in Tinley Park, IL. The organization was established in 1996. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Haven Homes Ltd 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 03/2021, Prairie Haven Homes Ltd generated $559.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $690.2k during the year ending 03/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS.
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 BY HUD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Watson Secretary | OfficerTrustee | 2 | $0 |
John Taylor President | OfficerTrustee | 2 | $0 |
James Irwin Vice President | OfficerTrustee | 2 | $0 |
Edward Shepherd Director | Trustee | 2 | $0 |
Amelia Dawkins Director | Trustee | 2 | $0 |
Eddie Johnson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $20 |
| 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 | $559,874 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $105,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,847 |
| Payroll taxes | $11,045 |
| Fees for services: Management | $19,932 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $12,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $42,974 |
| 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 | $0 |
| Interest | $2,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,181 |
| Insurance | $20,164 |
| All other expenses | $0 |
| Total functional expenses | $690,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,782 |
| Savings and temporary cash investments | $96,272 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,149 |
| 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 | $4,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,495 |
| Other assets | $0 |
| Total assets | $2,049,640 |
| Accounts payable and accrued expenses | $150,545 |
| Grants payable | $0 |
| Deferred revenue | $7,169 |
| 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 | $499,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,166 |
| Total liabilities | $664,340 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,385,300 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |