Civic Intelligence

73Rd & Dobson Housing Corp

990 • Fiscal year 2021 • EIN 23-7073045

Nov 01, 2020 to Oct 31, 2021 • Filed on Mar 12, 2022

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

98th percentile

2.09x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

1.10x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

55th percentile

15%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

51st percentile

9.9%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

1.2%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$448,258

Up $40,325 (+9.9%) from 2020

Net Assets

Up

-$488,874

Up $129,976 (+21%) from 2020

Liabilities

Down

$937,132

Down $89,651 (-8.7%) from 2020

Revenue

Up

$851,987

Up $9,982 (+1.2%) from 2020

Expenses

Down

$722,011

Down $113,044 (-14%) from 2020

Net Income

Up

$129,976

Up $123,026 (+1770%) from 2020

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

2021

Assets$448,258
Liabilities$937,132
Net Assets-$488,874

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

2021

Revenue$851,987
Expenses$722,011
Net Income$129,976
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Mar 12, 2022
Return Version
2020v4.1
Gross Receipts
$851,987
Mission and Program Overview

Mission

Acquiring and operating a rental housing project under section 236 of the national housing act.

Low income housing for the poor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$238,376$219,595▼ $18,781
Cash and Non-Interest-Bearing Accounts$42,702$86,351▲ $43,649
Accounts Receivable$17,047$21,970▲ $4,923
Prepaid Expenses and Deferred Charges$19,571$21,889▲ $2,318
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→ $0
Rtn Earn Endowment Incm Other Fnds$-630,219$-500,243▲ $129,976
Total Assets$407,933$448,258▲ $40,325
Other Assets Total$90,237$98,453▲ $8,216
Liabilities
Mortgage Notes Payable Secured by Investment Property$695,100$655,024▼ $40,076
Accounts Payable and Accrued Expenses$233,311$176,995▼ $56,316
Other Liabilities$98,372$105,113▲ $6,741
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$1,026,783$937,132▼ $89,651
Net Assets / Fund Balance
Total Net Assets Fund Balance$-618,850$-488,874▲ $129,976
Total Liabilities and Net Assets / Fund Balance$407,933$448,258▲ $40,325

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$1,583,671$1,583,671
Leasehold Improvements$111,018$612,048$723,066
Land$104,235-$104,235
Equipment$4,342$48,617$52,959
Other Assets Org$66,566--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doris LeachPresident
Chandra WrightDirector
Gladys Hardnick - BouyerDirector
Lenora JacksonDirector
Willie JonesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$851,947
Investment Income
$40
Other Revenue
$0
Change in Net Assets
$129,976

Audited Revenue Reconciliation

Revenue per Audited Statements
$851,987
Total Revenue per Audited Statements
$851,987
Total Revenue per Form 990
$851,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$598,805
Salaries, Compensation, and Employee Benefits$123,206
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$132,964--$132,964
Other Salaries and Wages$112,174--$112,174
Other Expenses$86,335--$86,335
Fees for Services Management-$64,145-$64,145
Insurance$44,310--$44,310
Depreciation Depletion$18,781--$18,781
Fees for Services Accounting-$13,000-$13,000
Office Expenses-$11,641-$11,641
Payroll Taxes$11,032--$11,032
Interest$8,880--$8,880
Fees for Services Legal-$5,443-$5,443
Occupancy$3,438--$3,438
Total Functional Expenses$627,782$94,229$0$722,011

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$722,011
Total Expenses per Audited Statements$722,011
Total Expenses per Form 990$722,011
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$66,958
Tenant Security Deposits$15,314
Prepaid Rent$13,437
Accrued Management Fee Payable$4,319
Accrued Wages$2,859
Misc Current Liabilites$1,657
Accrued Interest$569
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
2022-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doris Leach
Formed
1973
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
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:37059 program services:37059

Form 990 Part IX Line 24 - Other Expenses

Description:snow removal total expenses:11285 program services:11285

Form 990 Part IX Line 24 - Other Expenses

Description:real estate taxes total expenses:75825 program services:75825

Form 990 Part IX Line 24 - Other Expenses

Description:fidelity bond insurance total expenses:44 program services:44

Form 990 Part IX Line 24 - Other Expenses

Description:workers compensation insurance total expenses:4894 program services:4894

Form 990 Part IX Line 24 - Other Expenses

Description:misc expenses total expenses:3857 program services:3857

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IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0127
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0633825
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0841878
IRS990/PYRevenuesLessExpensesAmt06950
IRS990/PYSalariesCompEmpBnftPaidAmt0201230
IRS990/PYTotalExpensesAmt0835055
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0842005
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0129976
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/BOYAmt0-630219
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-500243
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0851947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0841878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0800943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0776387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0787207
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04058362
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0127
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0459
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99989
IRS990ScheduleA/PublicSupportPY170Pct00.99986
IRS990ScheduleA/PublicSupportTotal170Amt04058362
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0851947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0841878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0800943
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0776387
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0787207
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04058362
IRS990ScheduleA/TotalSupportAmt04058821
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01583671
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01583671
IRS990ScheduleD/EquipmentGrp/BookValueAmt04342
IRS990ScheduleD/EquipmentGrp/DepreciationAmt048617
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052959
IRS990ScheduleD/ExpensesSubtotalAmt0722011
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0104235
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0104235
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0111018
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0612048
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0723066
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031887
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt166566
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115314
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2569
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt366958
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42859
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/RevenueSubtotalAmt0851987
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0219595
IRS990ScheduleD/TotalBookValueOtherAssetsAmt098453
IRS990ScheduleD/TotalExpensesPerForm990Amt0722011
IRS990ScheduleD/TotalLiabilityAmt0105113
IRS990ScheduleD/TotalRevenuePerForm990Amt0851987
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0851987
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0722011
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:37059 PROGRAM SERVICES:37059
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:SNOW REMOVAL TOTAL EXPENSES:11285 PROGRAM SERVICES:11285
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:REAL ESTATE TAXES TOTAL EXPENSES:75825 PROGRAM SERVICES:75825
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:FIDELITY BOND INSURANCE TOTAL EXPENSES:44 PROGRAM SERVICES:44
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:WORKERS COMPENSATION INSURANCE TOTAL EXPENSES:4894 PROGRAM SERVICES:4894
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:MISC EXPENSES TOTAL EXPENSES:3857 PROGRAM SERVICES:3857
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
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0407933
IRS990/TotalAssetsEOYAmt0448258
IRS990/TotalAssetsGrp/BOYAmt0407933
IRS990/TotalAssetsGrp/EOYAmt0448258
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00

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