Nonprofit · EIN 42-1692441
CHESTNUT RESOLUTIONS INC NFP
Tax-exempt · BLOOMINGTON, IL 61701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $93,568 | $129,435 | -$35,867 | $595,163 | $1,329,016 | -$733,853 |
| June 30, 2024 | 990 | $74,807 | $106,386 | -$31,579 | $623,447 | $1,321,433 | -$697,986 |
| June 30, 2023 | 990 | $95,741 | $128,942 | -$33,201 | $644,420 | $1,310,827 | -$666,407 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $61,027
- of which government grants
- $61,027
- Program service revenue
- $32,083
- Investment income
- $458
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $13,080
- Occupancy
- $36,147
- Depreciation
- $38,665
- Program services (functional)
- $105,076
- Management and general (functional)
- $24,359
Balance sheet and other
- Total assets, start of year
- $623,447
- Total assets, end of year
- $595,163
- Total liabilities, end of year
- $1,329,016
- Net assets, end of year
- -$733,853
- Land, buildings and equipment
- $397,681
- Net assets without donor restrictions
- -$733,853
- Gross receipts
- $93,568
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID SHARAR | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $701,817 | $55,544 |
| PUNEET LEEKHA | TREASURER Trustee or director, Officer | 1 | $0 | $378,848 | $103,315 |
| ORVILLE MERCER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY ANN WEBB | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID A SHARAR | CHAIR OF BOARD Trustee or director, Officer | 1 | $0 | $363,716 | $138,688 |
| PUNEET LEEKHA | TREASURER Trustee or director, Officer | 1 | $0 | $334,005 | $87,452 |
| ORVILLE MERCER | SECRETARY Trustee or director, Officer | 1 | $0 | $169,065 | $15,086 |
| MARY ANN WEBB | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID A SHARAR | CHAIR OF BOARD Trustee or director, Officer | 1 | $0 | $358,100 | $89,888 |
| PUNEET LEEKHA | TREASURER Trustee or director, Officer | 1 | $0 | $313,109 | $60,158 |
| ORVILLE MERCER | SECRETARY Trustee or director, Officer | 1 | $0 | $181,501 | $28,078 |
| VIC ARMSTRONG JR | DIRECTOR (THRU 12/22) Trustee or director | 0 | $0 | $0 | $0 |
| MARY ANN WEBB | DIRECTOR (BEG 12/22) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1003 MARTIN LUTHER KING DR, BLOOMINGTON, IL 61701-1429
- In care of
- % KAREN RETTICK
- Principal officer (990 for 2024)
- DAVID A SHARAR, 1003 MARTIN LUTHER KING DRIVE, BLOOMINGTON, IL 61701
- Signed the 990
- PUNEET LEEKHA, CHAIR OF THE BOARD & CEO
- Phone
- (309) 827-6026
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PROVIDE SEVEN LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIES
Program accomplishments
- TO PROVIDE LOW-INCOME HOUSING UNITS FOR PERSONS WITH DISABILITIES AND THEIR FAMILIESExpenses $105,076 · revenue $32,083
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1692441
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I20)
- Assets (IRS master file)
- $595,163
- Income (IRS master file)
- $93,568
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $93,568 | $129,435 | $595,163 | IRS |
| 990 | June 2024 | $74,807 | $106,386 | $623,447 | XML |
| 990 | June 2023 | $95,741 | $128,942 | $644,420 | XML |
| 990 | June 2022 | $101,012 | $134,932 | $654,627 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1692441).
Questions about CHESTNUT RESOLUTIONS INC NFP
- What is the EIN of CHESTNUT RESOLUTIONS INC NFP?
- The employer identification number (EIN) of CHESTNUT RESOLUTIONS INC NFP is 42-1692441.
- Is CHESTNUT RESOLUTIONS INC NFP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CHESTNUT RESOLUTIONS INC NFP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHESTNUT RESOLUTIONS INC NFP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHESTNUT RESOLUTIONS INC NFP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHESTNUT RESOLUTIONS INC NFP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHESTNUT RESOLUTIONS INC NFP?
- The 990 for the year ended June 30, 2025 names DAVID A SHARAR.
- Who are the officers and directors of CHESTNUT RESOLUTIONS INC NFP?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CHESTNUT RESOLUTIONS INC NFP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $93,568, expenses of $129,435 and total assets of $595,163 at year end.
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