Chestnut Resolutions Inc Nfp
- Assets
- $654.6k
- Revenue
- $101.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 05/2006
- Data as of
- 06/2022
- EIN
- 42-1692441
Organization Overview
Chestnut Resolutions Inc Nfp is located in Bloomington, IL. The organization was established in 2006. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chestnut Resolutions Inc Nfp 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, Chestnut Resolutions Inc Nfp generated $101.0k 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 $134.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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 SEVEN LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITES AND THEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Sharar Chair Of Board | OfficerTrustee | 1 | $0 |
Puneet Leekha Treasurer | OfficerTrustee | 1 | $0 |
Orville Mercer Secretary | OfficerTrustee | 1 | $0 |
Vic Armstrong Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,501 |
| Government grants | $38,828 |
| 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 | $68,329 |
| Total Program Service Revenue | $32,661 |
| Investment income | $22 |
| 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 | $101,012 |
| 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 | $10,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,292 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,841 |
| 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 | $5,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,783 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35 |
| Interest | $1,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,528 |
| Insurance | $5,667 |
| All other expenses | $0 |
| Total functional expenses | $134,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,524 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,240 |
| 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 | $514,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,385 |
| Total assets | $654,627 |
| Accounts payable and accrued expenses | $38,271 |
| 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 | $1,247,627 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,935 |
| Total liabilities | $1,287,833 |
| Net assets without donor restrictions | -$633,206 |
| 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 | $654,627 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chestnut Resolutions Inc Nfp has recieved totaling $9,425.
| Awarding Organization | Amount |
|---|---|
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: HOUSING, FINANCIAL EDUCATION, AND PROGRAM SUPPORT | $9,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Insurance Crime Bureau Des Plaines, IL | $77,958,509 | $72,381,622 |
Full Employment Council Inc Kansas City, MO | $3,363,395 | $10,844,507 |
Institute For Nonviolence Chicago Chicago, IL | $2,088,046 | $4,914,661 |
Safe & Sound Inc Milwaukee, WI | $2,851,655 | $2,917,931 |
Woods Foundation Lincoln, IL | $16,009,690 | $1,294,401 |
Public Equity Homewood, IL | $154,010 | $851,041 |
W A V E Educational Fund Inc Milwaukee, WI | $873,397 | $669,330 |
St Louis Regional Crime Commission Saint Louis, MO | $553,196 | $598,249 |
Safe And Sound A Sandy Hook Initiative Inc Webb City, MO | $206,813 | $578,029 |
Central West End Neighborhood Security Initiative St Louis, MO | $677,156 | $579,636 |
Missing Pieces Community Development Corporation Evansville, IN | $165,860 | $419,123 |
National Conference For Community And Justice Of Metro St Louis Saint Louis, MO | $370,458 | $575,684 |