Civic Intelligence

73Rd & Dobson Housing Corp

990 • Fiscal year 2025 • EIN 23-7073045

Nov 01, 2024 to Oct 31, 2025

2850 S Michigan AveChicago, IL 60616

(312) 842-5500

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

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 And Expenses

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

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

2025

Assets$443,032
Liabilities$1,546,726
Net Assets-$1,103,694

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

2025

Revenue$1,067,859
Expenses$1,279,395
Net Income-$211,536
Jump To
Filing Snapshot
Filing Period
Nov 1, 2024 to Oct 31, 2025
Signed
Jan 31, 2026
Return Version
2024v5.5
Gross Receipts
$1,067,859
Mission and Program Overview

Mission

Low income housing for the poor.

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

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
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--
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,067,831
Investment Income
$28
Other Revenue
$0
Change in Net Assets
$-211,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,067,859
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,067,859
Total Revenue per Form 990
$1,067,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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

Audited Expense Reconciliation

Line ItemAmount
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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes

Governance Explanations

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.

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section C, Line 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
Phone
3128425500
Address
2850 S MICHIGAN AVE, CHICAGO, IL 60616

Signing Officer

Name
Doris Leach
Title
President
Phone
3128425500
Signed
2026-01-31
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
Volunteers
5

Preparer

Firm
Cohnreznick Advisory LLC
Address
1 SOUTH WACKER DRIVE SUITE 3550, CHICAGO, IL 60606
Preparer
Karen a Schaefer
Phone
3125085900
Supplemental Narrative

Additional Explanations

Part IX, Line

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.

Financial Statement Notes

PART X, LINE 2:

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.

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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0805465
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031445
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt129525
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2303713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42057
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt54541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4MISC CURRENT LIABILITES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01067859
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0226133
IRS990ScheduleD/TotalBookValueOtherAssetsAmt060970
IRS990ScheduleD/TotalExpensesPerForm990Amt01279395
IRS990ScheduleD/TotalLiabilityAmt0331380
IRS990ScheduleD/TotalRevenuePerForm990Amt01067859
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01067859
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01279395
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS MANAGED BY EAST LAKE MANAGEMENT GROUP, INC. PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO ITS SUBMISSION FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARIES 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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART IX, LINE
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0391381
IRS990/TotalAssetsEOYAmt0443032
IRS990/TotalAssetsGrp/BOYAmt0391381
IRS990/TotalAssetsGrp/EOYAmt0443032
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079476
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01199919
IRS990/TotalFunctionalExpensesGrp/TotalAmt01279395
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01283539
IRS990/TotalLiabilitiesEOYAmt01546726
IRS990/TotalLiabilitiesGrp/BOYAmt01283539
IRS990/TotalLiabilitiesGrp/EOYAmt01546726
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-892158
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1103694
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01199919
IRS990/TotalProgramServiceRevenueAmt01067831
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt028
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01067831
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01067859
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0391381
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0443032
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02850 S MICHIGAN AVE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060616
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DORIS LEACH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03128425500
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt073RD & DOBSON
ReturnHeader/Filer/BusinessNameControlTxt073RD
ReturnHeader/Filer/EIN0237073045
ReturnHeader/Filer/PhoneNum03128425500
ReturnHeader/Filer/USAddress/AddressLine1Txt02850 S MICHIGAN AVE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060616
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0333709623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 SOUTH WACKER DRIVE SUITE 3550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03125085900
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN A SCHAEFER
ReturnHeader/ReturnTs02026-02-22T22:54:01-06:00
ReturnHeader/ReturnTypeCd0990

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