Brook Forest Community Assn
- Assets
- $887.3k
- Revenue
- $215.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- 03/1978
- Data as of
- 12/2023
- EIN
- 36-6649416
Organization Overview
Brook Forest Community Assn is located in Hinsdale, IL. The organization was established in 1978. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brook Forest Community Assn is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Brook Forest Community Assn generated $215.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $173.7k during the year ending 12/2023. 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
TO MANAGE AND CONTROL THE COMMUNITY GROUNDS WITHIN THE BROOK FOREST COMMUNITY LOCATED IN OAK BROOK, ILLINOIS. TO PROVIDE FOR SERVICES TO THE COMMON AREAS NOT PROVIDED BY ANY GOVERNMENTAL BODY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MANAGE AND CONTROL THE COMMUNITY GROUNDS WITHIN THE BROOK FOREST COMMUNITY LOCATED IN OAK BROOK, ILLINOIS. TO PROVIDE FOR SERVICES TO THE COMMON AREAS NOT PROVIDED BY ANY GOVERNMENTAL BODY, SUCH AS, TO CARE FOR, PROTECT, AND REPLANT TREES, SHRUBBERY AND GRASS ON ALL PUBLIC RIGHT OF WAYS AND OTHER RELATED AREAS. TO PROVIDE FOR THE PLOWING AND REMOVAL OF SNOW FROM PUBLIC SIDEWALKS AND STREETS. TO PROVIDE FOR THE CLEANING OF STREETS, CATCH BASINS, PUBLIC SIDEWALKS, AND FOR THE REPAIR AND MAINTENANCE OF STORM SEWERS AND APPURTENANT DRAINAGE FACILITIES. TO PROVIDE FOR THE MAINTENANCE OF THE ENTRANCEWAY SIGNAGE, TENNIS COURTS, STREETS, CUL-DE-SACS AND STREAMS WITHIN BROOK FOREST. TO MAKE IMPROVEMENTS TO THE COMMUNITY GROUNDS, CUL-DE-SACS AND PARKWAYS WITHIN STREETS IN BROOK FOREST AND PROVIDE SUCH OTHER FACILITIES AND SERVICES FOR THE EXPRESS PURPOSE OF KEEPING BROOK FOREST A HIGHLY DESIRABLE AND EXCLUSIVE RESIDENTIAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Baldo Director | Trustee | 1 | $0 |
Tim Soltys Director | Trustee | 1 | $0 |
Raju Iyer Director | Trustee | 1 | $0 |
Ray Cesca Director | Trustee | 1 | $0 |
Joan Mullins Director | Trustee | 1 | $0 |
James Lin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $205,010 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,867 |
| Total Program Service Revenue | $0 |
| Investment income | $7,287 |
| 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 | $215,154 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $22,760 |
| Fees for services: Legal | $1,845 |
| Fees for services: Accounting | $595 |
| 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 | $3,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,601 |
| 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 | $2,786 |
| Insurance | $4,422 |
| All other expenses | $0 |
| Total functional expenses | $173,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,990 |
| Savings and temporary cash investments | $244,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,360 |
| 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 | $0 |
| Net Land, buildings, and equipment | $530,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $887,273 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $6,017 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,000 |
| Total liabilities | $38,017 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $849,256 |
| Total liabilities and net assets/fund balances | $887,273 |