Form 990, Part VI, Section A, Line 3
“The corporation is managed by east lake management group, inc. Pursuant to a management agreement approved by hud.”
Scores are not available for this record yet.
Assets
Up$443,032
Up $51,651 (+13%) from 2024
Net Assets
Down-$1,103,694
Down $211,536 (-24%) from 2024
Liabilities
Up$1,546,726
Up $263,187 (+21%) from 2024
Revenue
Up$1,067,859
Up $170,591 (+19%) from 2024
Expenses
Up$1,279,395
Up $158,161 (+14%) from 2024
Net Income
Up-$211,536
Up $12,430 (+5.5%) from 2024
Low income housing for the poor.
Acquiring and operating a rental housing project under section 236 of the national housing act.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $245,884 | $226,133 | ▼ $19,751 |
| Cash and Non-Interest-Bearing Accounts | $34,920 | $87,424 | ▲ $52,504 |
| Accounts Receivable | $26,533 | $34,967 | ▲ $8,434 |
| Prepaid Expenses and Deferred Charges | $31,837 | $33,538 | ▲ $1,701 |
| Cap Stk Tr Prin Current Funds | $11,368 | $11,368 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $-903,526 | $-1,115,062 | ▼ $211,536 |
| Total Assets | $391,381 | $443,032 | ▲ $51,651 |
| Other Assets Total | $52,207 | $60,970 | ▲ $8,763 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $533,576 | $705,921 | ▲ $172,345 |
| Mortgage Notes Payable Secured by Investment Property | $532,256 | $490,470 | ▼ $41,786 |
| Other Liabilities | $199,897 | $331,380 | ▲ $131,483 |
| Escrow Account Liability | $17,810 | $18,955 | ▲ $1,145 |
| Total Liabilities | $1,283,539 | $1,546,726 | ▲ $263,187 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-892,158 | $-1,103,694 | ▼ $211,536 |
| Total Liabilities and Net Assets / Fund Balance | $391,381 | $443,032 | ▲ $51,651 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $0 | $1,583,671 | $1,583,671 |
| Leasehold Improvements | $121,143 | $684,322 | $805,465 |
| Land | $104,235 | - | $104,235 |
| Equipment | $755 | $52,205 | $52,960 |
| Other Assets Org | $29,525 | - | - |
| Name | Title |
|---|---|
| Doris Leach | President |
| Chandra Wright | Director |
| Gladys Hardnick - Bouyer | Director |
| Lenora Jackson | Director |
| Willie Jones | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $999,735 |
| Salaries, Compensation, and Employee Benefits | $279,660 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $184,061 | - | - | $184,061 |
| Other Employee Benefits | $78,121 | - | - | $78,121 |
| Other Expenses | $75,751 | - | - | $75,751 |
| Insurance | $73,915 | - | - | $73,915 |
| Fees for Services Management | - | $64,185 | - | $64,185 |
| All Other Expenses | $56,971 | - | - | $56,971 |
| Office Expenses | $23,663 | - | - | $23,663 |
| Depreciation Depletion | $19,751 | - | - | $19,751 |
| Payroll Taxes | $17,478 | - | - | $17,478 |
| Fees for Services Accounting | - | $15,291 | - | $15,291 |
| Fees for Services Legal | $15,258 | - | - | $15,258 |
| Occupancy | $14,487 | - | - | $14,487 |
| Interest | $7,169 | - | - | $7,169 |
| Fees for Services Other | $3,438 | - | - | $3,438 |
| Total Functional Expenses | $1,199,919 | $79,476 | $0 | $1,279,395 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,279,395 |
| Total Expenses per Audited Statements | $1,279,395 |
| Total Expenses per Form 990 | $1,279,395 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Property Taxes | $303,713 |
| Prepaid Rent | $16,158 |
| Accrued Management Fee Payable | $4,541 |
| Accrued Wages | $4,485 |
| Misc Current Liabilites | $2,057 |
| Accrued Interest | $426 |
“The corporation is managed by east lake management group, inc. Pursuant to a management agreement approved by hud.”
“Prior to its submission form 990 is reviewed and approved by the board of directors before it is filed.”
“The organization makes its conflict of interest policy and financial statements available to the public upon request.”
“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.”
“The corporation is a nonprofit corporation, incorporated under the statutes of the state of illinois. The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended october 31, 2025. The corporation is required to file and does file tax returns with the internal revenue service ("irs") and other taxing authorities. Management has analyzed the tax positions taken by the corporation and has concluded that, as of october 31, 2025, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2022 remain open.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 34967 |
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| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 755 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 52205 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 52960 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1279395 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 104235 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 104235 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 121143 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 684322 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 805465 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 31445 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 29525 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | CASH REPLACEMENT RESERVE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 16158 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 426 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 303713 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 4485 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 2057 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 5 | 4541 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PREPAID RENT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED INTEREST |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | ACCRUED PROPERTY TAXES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | ACCRUED WAGES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | MISC CURRENT LIABILITES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 5 | ACCRUED MANAGEMENT FEE PAYABLE |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1067859 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION IS A NONPROFIT CORPORATION, INCORPORATED UNDER THE STATUTES OF THE STATE OF ILLINOIS. THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED OCTOBER 31, 2025. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF OCTOBER 31, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2022 REMAIN OPEN. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 226133 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 60970 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1279395 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 331380 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1067859 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1067859 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1279395 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION IS MANAGED BY EAST LAKE MANAGEMENT GROUP, INC. PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PRIOR TO ITS SUBMISSION FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | PART IX, LINE |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 391381 |
| IRS990/TotalAssetsEOYAmt | 0 | 443032 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 391381 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 443032 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 79476 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1199919 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1279395 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1283539 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1546726 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1283539 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1546726 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -892158 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -1103694 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1199919 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1067831 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 28 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1067831 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1067859 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 5 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 391381 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 443032 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 2850 S MICHIGAN AVE |
| IRS990/USAddress/CityNm | 0 | CHICAGO |
| IRS990/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/USAddress/ZIPCd | 0 | 60616 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DORIS LEACH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3128425500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-01-31 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | 73RD & DOBSON |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | 73RD |
| ReturnHeader/Filer/EIN | 0 | 237073045 |
| ReturnHeader/Filer/PhoneNum | 0 | 3128425500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2850 S MICHIGAN AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHICAGO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60616 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 333709623 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | COHNREZNICK ADVISORY LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1 SOUTH WACKER DRIVE SUITE 3550 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHICAGO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 60606 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3125085900 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-01-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KAREN A SCHAEFER |
| ReturnHeader/ReturnTs | 0 | 2026-02-22T22:54:01-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
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Displayed year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.