Sunrise Residential Inc is located in Tinley Park, IL. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunrise Residential Inc 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 06/2022, Sunrise Residential Inc generated $101.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $135.1k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR LOW-INCOME DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT PROVIDES HOUSING TO ELIGIBLE LOW-INCOME INDIVIDUALS WHO ARE MENTALLY HANDICAPPED. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED BY HUD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kim Shelton-Mamon Treasurer | OfficerTrustee | 5 | $0 |
Maurice Page Chairperson | OfficerTrustee | 1 | $0 |
Sharronne Ward Secretary | OfficerTrustee | 5 | $0 |
Keith Kemp Director | Trustee | 1 | $0 |
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 | $101,603 |
Investment income | $8 |
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 | $101,611 |
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 | $14,948 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $917 |
Payroll taxes | $487 |
Fees for services: Management | $6,816 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,228 |
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 | $7,842 |
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 | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $38,597 |
Insurance | $3,991 |
All other expenses | $2,502 |
Total functional expenses | $135,141 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,047 |
Savings and temporary cash investments | $94,482 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,257 |
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 | $65 |
Net Land, buildings, and equipment | $663,023 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $763,874 |
Accounts payable and accrued expenses | $4,385 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $970,600 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $316,887 |
Total liabilities | $1,291,872 |
Net assets without donor restrictions | -$527,998 |
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 | $763,874 |
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