Civic Intelligence

Sdc Towers Industrial Park Inc

EIN 31-1808119 • 501(c)25 • Chicago, IL

Profile

Title Holding Corporation For Real Property

222 South Riverside Plaza 26th FlrChicago, IL 60606

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2018

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

501(c)25 • <$500k nonprofits • Source year 2018

Asset Growth

85th percentile

-100%

Faster asset growth than 85% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

-100%

Faster revenue growth than 42% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $140,886 (-100%) from 2017

Liabilities

Down

$0

Down $14,839 (-100%) from 2017

Net Assets

Down

$0

Down $126,047 (-100%) from 2017

Revenue

Down

$0

Down $48,919,847 (-100%) from 2017

Expenses

Down

$17,636

Down $1,797,990 (-99%) from 2017

Net Income

Down

-$17,636

Down $47,121,857 (-100%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $39,344,179Liabilities 2010: $16,661,948Net Assets 2010: $22,682,2312010Assets 2011: $41,471,339Liabilities 2011: $18,499,570Net Assets 2011: $22,971,7692011Assets 2012: $43,069,133Liabilities 2012: $18,660,444Net Assets 2012: $24,408,6892012Assets 2013: $47,120,870Liabilities 2013: $19,153,055Net Assets 2013: $27,967,8152013Assets 2015: $64,592,854Liabilities 2015: $18,982,558Net Assets 2015: $45,610,2962015Assets 2016: $74,723,421Liabilities 2016: $18,383,346Net Assets 2016: $56,340,0752016Assets 2017: $140,886Liabilities 2017: $14,839Net Assets 2017: $126,0472017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $3,121,5342010Expenses 2011: $3,244,8912011Expenses 2012: $2,780,1702012Revenue 2013: $3,235,787Expenses 2013: $3,309,301Net Income 2013: -$73,5142013Revenue 2015: $3,827,235Expenses 2015: $3,001,264Net Income 2015: $825,9712015Revenue 2016: $4,246,018Expenses 2016: $3,037,772Net Income 2016: $1,208,2462016Revenue 2017: $48,919,847Expenses 2017: $1,815,626Net Income 2017: $47,104,2212017Revenue 2018: $0Expenses 2018: $17,636Net Income 2018: -$17,6362018

Highlighted filing

2018

Revenue$0
Expenses$17,636
Net Income-$17,636

Filings

Latest Detailed Filing

The latest 2018 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$4,246,018
Mission and Program Overview

Mission

Title Holding Corporation For Real Property

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$63,900,000$73,990,000▲ $10,090,000
Rtn Earn Endowment Incm Other Fnds$28,518,542$38,048,469▲ $9,529,927
Cap Stk Tr Prin Current Funds$17,091,754$18,291,606▲ $1,199,852
Cash and Non-Interest-Bearing Accounts$434,245$492,134▲ $57,889
Prepaid Expenses and Deferred Charges$144,471$142,925▼ $1,546
Accounts Receivable$17,911$7,306▼ $10,605
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$64,592,854$74,723,421▲ $10,130,567
Other Assets Total$96,227$91,056▼ $5,171
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,250,000$17,250,000→ $0
Other Liabilities$1,417,447$1,016,558▼ $400,889
Accounts Payable and Accrued Expenses$315,111$116,788▼ $198,323
Total Liabilities$18,982,558$18,383,346▼ $599,212
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,610,296$56,340,075▲ $10,729,779
Total Liabilities and Net Assets / Fund Balance$64,592,854$74,723,421▲ $10,130,567

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$40,343,828-$40,343,828
Buildings$19,799,744-$19,799,744
Land$10,445,688-$10,445,688
Leasehold Improvements$3,400,740-$3,400,740
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Supplemental InformationSee Supplementa

Highest Paid Contractors

ContractorServicesLocationCompensation
Rreef America LLCManagement101 California St 26th Floor, San Francisco, CA 94111$453,532
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,246,018
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,208,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,037,772
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$678,863
Depreciation Depletion---$585,866
Insurance---$168,823
Other Expenses---$59,871
All Other Expenses---$-9,903
Total Functional Expenses$0$0$0$3,037,772
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Security Deposit$976,002
Prepaid Rent$40,556
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

All management duties and management decision making of the taxpayer delegated to Rreef America, LLC and Rreef Management, LLC pursuant to the terms of certain management agreements.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All employees of Rreef Management, LLC, which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public

Filing and Contact Details

Filer

Filer Name
SDC Towers Industrial Park Inc
EIN
31-1808119
Phone
3125377000
Address
222 South Riverside Plaza 26th Flr, Chicago, IL 60606

Signing Officer

Name
William Swiderski
Title
Vice President
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Swiderski
Formed
2001
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Comyns Smith McCleary & Deaver LLP
Address
3470 Mt Diablo Blvd A110, Lafayette, CA 94549
Preparer
Dan K Deaver
Phone
9252991040
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.OFFICERS AND DIRECTORSDIRECTOR Marc L. FelicianoOFFICERSPresident Marc L. FelicianoVice President Darrell J. Campos John Casasante Timothy E. Ellsworth Stephen George William T. Henderson James E. Toney Anne-Marie VandenbergVice President & Treasurer Vikram MehraVice President & Assistant Treasurer William SwiderskiSecretary Portia Guerin

Other Changes In Net Assets Or Fund Balances - Other Increases

Contributed- Advisor Fees = $1199852

Other Changes In Net Assets Or Fund Balances - Other Increases

Depreciation = $585866

Other Changes In Net Assets Or Fund Balances - Other Decreases

Distribution of earnings = -$1900000

Financial Statement Notes

Part X : FIN48 Footnote

Taxpayer is included in a consolidated audit report with related entities (See Sch. R) and no liability for uncertain tax positions under FASB ASC 740 has been included. What follows is the text of the footnote included in such financial statements with respect to income taxes:Income TaxesThe Account is made up of title holding companies that qualify as tax exempt under Internal Revenue Section 501(c)(25) and related state income tax law. Accordingly, the accompanying combined financial statements contain no provision for income taxes. If an uncertain income tax provision were to be identified, the Account would account for such in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740. No uncertain tax positions were identified in the current and prior year.

Raw XML Appendix368 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.OFFICERS AND DIRECTORSDIRECTOR Marc L. FelicianoOFFICERSPresident Marc L. FelicianoVice President Darrell J. Campos John Casasante Timothy E. Ellsworth Stephen George William T. Henderson James E. Toney Anne-Marie VandenbergVice President & Treasurer Vikram MehraVice President & Assistant Treasurer William SwiderskiSecretary Portia Guerin
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All management duties and management decision making of the taxpayer delegated to Rreef America, LLC and Rreef Management, LLC pursuant to the terms of certain management agreements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All employees of Rreef Management, LLC, which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Contributed- Advisor Fees = $1199852
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Depreciation = $585866
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Distribution of earnings = -$1900000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0See Schedule Attached
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0222 South Riverside Plaza 26th Flr
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Chicago
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060606
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IRS990/TotalAssetsBOYAmt064592854
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IRS990/TotalFunctionalExpensesGrp/TotalAmt03037772
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018982558
IRS990/TotalLiabilitiesEOYAmt018383346
IRS990/TotalLiabilitiesGrp/BOYAmt018982558
IRS990/TotalLiabilitiesGrp/EOYAmt018383346
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045610296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt056340075
IRS990/TotalProgramServiceRevenueAmt04246018
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04246018
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04246018
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IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0William Swiderski
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SDC Towers Industrial Park Inc
ReturnHeader/Filer/BusinessNameControlTxt0SDCT
ReturnHeader/Filer/EIN0311808119
ReturnHeader/Filer/PhoneNum03125377000
ReturnHeader/Filer/USAddress/AddressLine1Txt0222 South Riverside Plaza 26th Flr
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060606
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Comyns Smith McCleary & Deaver LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03470 Mt Diablo Blvd A110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lafayette
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094549
ReturnHeader/PreparerPersonGrp/PhoneNum09252991040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dan K Deaver
ReturnHeader/ReturnTs02017-05-04T13:16:59-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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