Civic Intelligence

73Rd & Dobson Housing Corp

990 • Fiscal year 2022 • EIN 23-7073045

Nov 01, 2021 to Oct 31, 2022 • Filed on Mar 09, 2023

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

1.97x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

1.14x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

45th percentile

3.7%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

57th percentile

5.0%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

-4.4%

Faster revenue growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$470,860

Up $22,602 (+5.0%) from 2021

Net Assets

Up

-$458,331

Up $30,543 (+6.2%) from 2021

Liabilities

Down

$929,191

Down $7,941 (-0.8%) from 2021

Revenue

Down

$814,560

Down $37,427 (-4.4%) from 2021

Expenses

Up

$784,017

Up $62,006 (+8.6%) from 2021

Net Income

Down

$30,543

Down $99,433 (-77%) from 2021

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

2022

Assets$470,860
Liabilities$929,191
Net Assets-$458,331

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

2022

Revenue$814,560
Expenses$784,017
Net Income$30,543
Jump To
Filing Snapshot
Filing Period
Nov 1, 2021 to Oct 31, 2022
Signed
Mar 9, 2023
Return Version
2021v4.2
Gross Receipts
$814,560
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$219,595$201,726▼ $17,869
Cash and Non-Interest-Bearing Accounts$86,351$108,546▲ $22,195
Accounts Receivable$21,970$28,685▲ $6,715
Prepaid Expenses and Deferred Charges$21,889$25,131▲ $3,242
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→ $0
Rtn Earn Endowment Incm Other Fnds$-500,243$-469,700▲ $30,543
Total Assets$448,258$470,860▲ $22,602
Other Assets Total$98,453$106,772▲ $8,319
Liabilities
Mortgage Notes Payable Secured by Investment Property$655,024$614,529▼ $40,495
Accounts Payable and Accrued Expenses$176,995$167,994▼ $9,001
Other Liabilities$105,113$146,668▲ $41,555
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$937,132$929,191▼ $7,941
Net Assets / Fund Balance
Total Net Assets Fund Balance$-488,874$-458,331▲ $30,543
Total Liabilities and Net Assets / Fund Balance$448,258$470,860▲ $22,602

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$1,583,671$1,583,671
Leasehold Improvements$94,390$628,676$723,066
Land$104,235-$104,235
Equipment$3,101$49,858$52,959
Other Assets Org$75,337--
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
$814,525
Investment Income
$35
Other Revenue
$0
Change in Net Assets
$30,543

Audited Revenue Reconciliation

Revenue per Audited Statements
$814,560
Total Revenue per Audited Statements
$814,560
Total Revenue per Form 990
$814,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$697,614
Salaries, Compensation, and Employee Benefits$86,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$148,213--$148,213
Other Expenses$122,908--$122,908
Other Salaries and Wages$70,795--$70,795
Fees for Services Management-$65,374-$65,374
Insurance$52,614--$52,614
Depreciation Depletion$17,869--$17,869
Fees for Services Accounting-$13,500-$13,500
Office Expenses-$12,900-$12,900
Other Employee Benefits$9,295--$9,295
Interest$8,459--$8,459
Payroll Taxes$6,313--$6,313
Occupancy$2,994--$2,994
Fees for Services Legal-$2,219-$2,219
Advertising-$85-$85
Total Functional Expenses$689,939$94,078$0$784,017

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$784,017
Total Expenses per Audited Statements$784,017
Total Expenses per Form 990$784,017
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$106,125
Tenant Security Deposits$14,936
Accrued Management Fee Payable$12,049
Prepaid Rent$8,820
Accrued Wages$2,547
Misc Current Liabilites$1,657
Accrued Interest$534
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
2023-03-09
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:42851 program services:42851

Form 990 Part IX Line 24 - Other Expenses

Description:snow removal total expenses:10870 program services:10870

Form 990 Part IX Line 24 - Other Expenses

Description:real estate taxes total expenses:79488 program services:79488

Form 990 Part IX Line 24 - Other Expenses

Description:fidelity bond insurance total expenses:56 program services:56

Form 990 Part IX Line 24 - Other Expenses

Description:fidelity bond insurance total expenses:3599 program services:3599

Form 990 Part IX Line 24 - Other Expenses

Description:misc expenses total expenses:11349 program services:11349

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0814525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0814525
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IRS990/PYContributionsGrantsAmt00
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IRS990/PYInvestmentIncomeAmt040
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IRS990/PYOtherExpensesAmt0598805
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0851947
IRS990/PYRevenuesLessExpensesAmt0129976
IRS990/PYSalariesCompEmpBnftPaidAmt0123206
IRS990/PYTotalExpensesAmt0722011
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0851987
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt030543
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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/BOYAmt0-500243
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-469700
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0814525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0851947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0841878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0800943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0776387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04085680
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0127
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0414
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99989
IRS990ScheduleA/PublicSupportTotal170Amt04085680
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0800943
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0776387
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04085680
IRS990ScheduleA/TotalSupportAmt04086094
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01583671
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01583671
IRS990ScheduleD/EquipmentGrp/BookValueAmt03101
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049858
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052959
IRS990ScheduleD/ExpensesSubtotalAmt0784017
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0104235
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0104235
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt094390
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0628676
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0723066
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031435
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt175337
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114936
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2534
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3106125
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42547
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt51657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt612049
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/RevenueSubtotalAmt0814560
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0201726
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0106772
IRS990ScheduleD/TotalExpensesPerForm990Amt0784017
IRS990ScheduleD/TotalLiabilityAmt0146668
IRS990ScheduleD/TotalRevenuePerForm990Amt0814560
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0814560
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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:42851 PROGRAM SERVICES:42851
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:SNOW REMOVAL TOTAL EXPENSES:10870 PROGRAM SERVICES:10870
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:REAL ESTATE TAXES TOTAL EXPENSES:79488 PROGRAM SERVICES:79488
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:FIDELITY BOND INSURANCE TOTAL EXPENSES:56 PROGRAM SERVICES:56
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:FIDELITY BOND INSURANCE TOTAL EXPENSES:3599 PROGRAM SERVICES:3599
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:MISC EXPENSES TOTAL EXPENSES:11349 PROGRAM SERVICES:11349
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
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0448258
IRS990/TotalAssetsEOYAmt0470860
IRS990/TotalAssetsGrp/BOYAmt0448258
IRS990/TotalAssetsGrp/EOYAmt0470860
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00

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