Civic Intelligence

73Rd & Dobson Housing Corp

990 • Fiscal year 2020 • EIN 23-7073045

Nov 01, 2019 to Oct 31, 2020 • Filed on Mar 08, 2021

2850 S Michigan AveChicago, IL 60616

(312) 842-5500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.52x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

1.22x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

39th percentile

0.8%

Higher net margin than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$407,933

No earlier filing loaded for comparison.

Net Assets

-$618,850

No earlier filing loaded for comparison.

Liabilities

$1,026,783

No earlier filing loaded for comparison.

Revenue

$842,005

No earlier filing loaded for comparison.

Expenses

$835,055

No earlier filing loaded for comparison.

Net Income

$6,950

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2020: $407,933Liabilities 2020: $1,026,783Net Assets 2020: -$618,8502020Assets 2021: $448,258Liabilities 2021: $937,132Net Assets 2021: -$488,8742021Assets 2022: $470,860Liabilities 2022: $929,191Net Assets 2022: -$458,3312022Assets 2023: $384,865Liabilities 2023: $1,053,057Net Assets 2023: -$668,1922023Assets 2024: $391,381Liabilities 2024: $1,283,539Net Assets 2024: -$892,1582024Assets 2025: $443,032Liabilities 2025: $1,546,726Net Assets 2025: -$1,103,6942025

Highlighted filing

2020

Assets$407,933
Liabilities$1,026,783
Net Assets-$618,850

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $842,005Expenses 2020: $835,055Net Income 2020: $6,9502020Revenue 2021: $851,987Expenses 2021: $722,011Net Income 2021: $129,9762021Revenue 2022: $814,560Expenses 2022: $784,017Net Income 2022: $30,5432022Revenue 2023: $760,437Expenses 2023: $970,298Net Income 2023: -$209,8612023Revenue 2024: $897,268Expenses 2024: $1,121,234Net Income 2024: -$223,9662024Revenue 2025: $1,067,859Expenses 2025: $1,279,395Net Income 2025: -$211,5362025

Highlighted filing

2020

Revenue$842,005
Expenses$835,055
Net Income$6,950
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
Mar 8, 2021
Return Version
2019v5.1
Gross Receipts
$842,005
Mission and Program Overview

Mission

Low income housing for the poor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$258,275$238,376▼ $19,899
Cash and Non-Interest-Bearing Accounts$93,100$42,702▼ $50,398
Prepaid Expenses and Deferred Charges$18,038$19,571▲ $1,533
Accounts Receivable$20,050$17,047▼ $3,003
Cap Stk Tr Prin Current Funds$11,369$11,369→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-637,169$-630,219▲ $6,950
Total Assets$470,475$407,933▼ $62,542
Other Assets Total$81,012$90,237▲ $9,225
Liabilities
Mortgage Notes Payable Secured by Investment Property$734,758$695,100▼ $39,658
Accounts Payable and Accrued Expenses$266,717$233,311▼ $33,406
Other Liabilities$94,800$98,372▲ $3,572
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,096,275$1,026,783▼ $69,492
Net Assets / Fund Balance
Total Net Assets Fund Balance$-625,800$-618,850▲ $6,950
Total Liabilities and Net Assets / Fund Balance$470,475$407,933▼ $62,542

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$1,583,671$1,583,671
Leasehold Improvements$128,062$595,004$723,066
Land$104,235-$104,235
Equipment$6,079$46,880$52,959
Other Assets Org$57,790--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$841,878
Investment Income
$127
Other Revenue
$0
Change in Net Assets
$6,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$842,005
Total Revenue per Audited Statements
$842,005
Total Revenue per Form 990
$842,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$633,825
Salaries, Compensation, and Employee Benefits$201,230
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$183,106--$183,106
Other Salaries and Wages$153,117--$153,117
All Other Expenses$104,218--$104,218
Fees for Services Management-$64,442-$64,442
Insurance$38,109--$38,109
Other Employee Benefits$32,823--$32,823
Depreciation Depletion$19,899--$19,899
Payroll Taxes$15,290--$15,290
Fees for Services Accounting-$12,500-$12,500
Office Expenses-$12,276-$12,276
Interest$9,297--$9,297
Occupancy$6,975--$6,975
Fees for Services Legal-$6,513-$6,513
Total Functional Expenses$739,324$95,731$0$835,055

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$835,055
Total Expenses per Audited Statements$835,055
Total Expenses per Form 990$835,055
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Property Taxes$60,392
Tenant Security Deposits$15,580
Prepaid Rent$10,646
Accrued Wages$5,174
Accrued Management Fee Payable$4,319
Misc Current Liabilites$1,657
Accrued Interest$604
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Question 11

Prior to its submission form 990 is reviewed and approved by the board of directors before it is filed.

Part VI, Section C, Question 19

The organization makes its conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
73rd & Dobson
EIN
23-7073045
In Care Of
% EAST LAKE MANAGEMENT
Address
2850 S MICHIGAN AVE, CHICAGO, IL 60616

Signing Officer

Name
Doris Leach
Title
President
Phone
7736025043
Signed
2021-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doris Leach
Formed
1973
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Haran & Associates Ltd
Address
3201 OLD GLENVIEW RD STE 250, WILMETTE, IL 60091
Preparer
Gregory E Neistat
Phone
8478531234
Supplemental Narrative

Additional Explanations

Part IX, Line 7

Salaries and wages include payments to employees of the management company. All forms including w-2's are filed by the management company under their federal identification number. 73rd & dobson reimburses the management company for the employee compensation expenses.

Form 990 Part IX Line 24 - Other Expenses

Description:scavenger total expenses:22385 program services:22385

Form 990 Part IX Line 24 - Other Expenses

Description:snow removal total expenses:4105 program services:4105

Form 990 Part IX Line 24 - Other Expenses

Description:real estate taxes total expenses:65043 program services:65043

Form 990 Part IX Line 24 - Other Expenses

Description:fidelity bond insurance total expenses:48 program services:48

Form 990 Part IX Line 24 - Other Expenses

Description:workers compensation insurance total expenses:5915 program services:5915

Form 990 Part IX Line 24 - Other Expenses

Description:misc expenses total expenses:6722 program services:6722

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0841878
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0158
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0666987
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0800943
IRS990/PYRevenuesLessExpensesAmt0-57437
IRS990/PYSalariesCompEmpBnftPaidAmt0191551
IRS990/PYTotalExpensesAmt0858538
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0801101
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt06950
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-637169
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-630219
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0841878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0800943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0776387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0787207
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0785057
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03991472
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0127
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0156
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0575
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99986
IRS990ScheduleA/PublicSupportPY170Pct00.99989
IRS990ScheduleA/PublicSupportTotal170Amt03991472
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0841878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0800943
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0776387
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0787207
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0785057
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03991472
IRS990ScheduleA/TotalSupportAmt03992047
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01583671
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01583671
IRS990ScheduleD/EquipmentGrp/BookValueAmt06079
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046880
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052959
IRS990ScheduleD/ExpensesSubtotalAmt0835055
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0104235
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0104235
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0128062
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0595004
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0723066
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt032447
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt157790
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010646
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt360392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt45174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt51657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt64319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5MISC CURRENT LIABILITES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0842005
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0238376
IRS990ScheduleD/TotalBookValueOtherAssetsAmt090237
IRS990ScheduleD/TotalExpensesPerForm990Amt0835055
IRS990ScheduleD/TotalLiabilityAmt098372
IRS990ScheduleD/TotalRevenuePerForm990Amt0842005
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0842005
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0835055
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO ITS SUBMISSION FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES AND WAGES INCLUDE PAYMENTS TO EMPLOYEES OF THE MANAGEMENT COMPANY. ALL FORMS INCLUDING W-2'S ARE FILED BY THE MANAGEMENT COMPANY UNDER THEIR FEDERAL IDENTIFICATION NUMBER. 73RD & DOBSON REIMBURSES THE MANAGEMENT COMPANY FOR THE EMPLOYEE COMPENSATION EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:SCAVENGER TOTAL EXPENSES:22385 PROGRAM SERVICES:22385
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:SNOW REMOVAL TOTAL EXPENSES:4105 PROGRAM SERVICES:4105
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:REAL ESTATE TAXES TOTAL EXPENSES:65043 PROGRAM SERVICES:65043
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:FIDELITY BOND INSURANCE TOTAL EXPENSES:48 PROGRAM SERVICES:48
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:WORKERS COMPENSATION INSURANCE TOTAL EXPENSES:5915 PROGRAM SERVICES:5915
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:MISC EXPENSES TOTAL EXPENSES:6722 PROGRAM SERVICES:6722
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION B, QUESTION 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION C, QUESTION 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART IX, LINE 7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00

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