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Nonprofit · EIN 32-0020392

SHERMAN APARTMENTS ASSOCIATION

Tax-exempt · AURORA, IL 60506

Financials

$227K$264K2022$233K$288K2023$246K$295K2024
Revenue Expenses · by fiscal year end
Financials of SHERMAN APARTMENTS ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$246,149$295,349-$49,200$2,601,551$504,290$2,097,261
June 30, 2024990$233,223$288,125-$54,902$2,543,910$397,449$2,146,461
June 30, 2023990$227,426$264,298-$36,872$2,450,781$249,418$2,201,363
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$244,076
Investment income
$2,073
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$40,769
Salaries, compensation and benefits (total)
$50,757
Professional fundraising fees
$0
Occupancy
$26,944
Depreciation
$84,009
Program services (functional)
$243,237
Management and general (functional)
$52,112

Balance sheet and other

Total assets, start of year
$2,543,910
Total assets, end of year
$2,601,551
Total liabilities, end of year
$504,290
Net assets, end of year
$2,097,261
Land, buildings and equipment
$1,744,795
Net assets without donor restrictions
$2,097,261
Gross receipts
$246,149
Employees
0
Volunteers
4
Year formed
2002
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
FRANCES L BAKERTREASURER
Trustee or director, Officer
1$0$214,136$15,783
WALTER DWYERPRESIDENT
Trustee or director, Officer
1$0$0$0
RICK POULTONSECRETARY
Trustee or director, Officer
1$0$0$0
BRUCE SIMPSONDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
FRANCES L BAKERSECRETARY/TREASURER
Trustee or director, Officer
1$0$206,928$18,308
WALTER DWYERPRESIDENT
Trustee or director, Officer
1$0$0$0
RICK POULTONDIRECTOR
Trustee or director
1$0$0$0
BRUCE SIMPSONDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
FRANCES L BAKERSECRETARY/TREASURER
Trustee or director, Officer
1$0$178,126$12,317
WALTER DWYERPRESIDENT
Trustee or director, Officer
1$0$0$0
RICK POULTONDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
309 NEW INDIAN TRAIL CT, AURORA, IL 60506-2411
In care of
% LYNN OSHEA
Principal officer (990 for 2024)
WALTER DWYER, 309 NEW INDIAN TRAIL COURT, AURORA, IL 60506
Signed the 990
WALTER DWYER, PRESIDENT
Phone
(630) 966-4000
Return prepared by
SIKICH LLC

Mission

TO PROVIDE SUPPORT, GUIDANCE, AND HOUSING TO INDIVIDUALS WITH MENTAL ILLNESS IN ORDER TO MAXIMIZE THEIR POTENTIAL TO LIVE INDEPENDENTLY

990 for the year ended June 30, 2025

Program accomplishments

  • THE SUPPORTED LIVING ARRANGEMENT PROVIDES SUPPORT AND MONITORING FOR INDIVIDUALS WITH MENTAL ILLNESS WHO REQUIRE MINIMAL ASSISTANCE IN MAINTAING INDEPENDENCE IN THE COMMUNITY. CURRENTLY THERE ARE 16 INDIVIDUALS RESIDING IN AURORA.
    Expenses $243,237 · revenue $244,076

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
32-0020392
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
2003
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$2,601,551
Income (IRS master file)
$246,149

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$246,149$295,349$2,601,551IRS
990June 2024$233,223$288,125$2,543,910IRS
990June 2023$227,426$264,298$2,450,781XML
990June 2022$248,298$297,944$2,347,721IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 32-0020392).

Questions about SHERMAN APARTMENTS ASSOCIATION

What is the EIN of SHERMAN APARTMENTS ASSOCIATION?
The employer identification number (EIN) of SHERMAN APARTMENTS ASSOCIATION is 32-0020392.
Is SHERMAN APARTMENTS ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to SHERMAN APARTMENTS ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SHERMAN APARTMENTS ASSOCIATION 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 SHERMAN APARTMENTS ASSOCIATION 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 SHERMAN APARTMENTS ASSOCIATION 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 SHERMAN APARTMENTS ASSOCIATION?
The 990 for the year ended June 30, 2025 names WALTER DWYER.
Who are the officers and directors of SHERMAN APARTMENTS ASSOCIATION?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does SHERMAN APARTMENTS ASSOCIATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $246,149, expenses of $295,349 and total assets of $2,601,551 at year end.

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