Civic Intelligence

Ebenezer Primm Towers Inc.

990 • Fiscal year 2017 • EIN 36-2700973

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 10, 2017

8201 W 183rd Street Ste KTinley Park, IL 60487

(708) 444-4942

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.75x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

5.75x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

44th percentile

1.2%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$3,978,214

No earlier filing loaded for comparison.

Net Assets

-$2,977,536

No earlier filing loaded for comparison.

Liabilities

$6,955,750

No earlier filing loaded for comparison.

Revenue

$1,208,694

No earlier filing loaded for comparison.

Expenses

$1,194,222

No earlier filing loaded for comparison.

Net Income

$14,472

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2017: $3,978,214Liabilities 2017: $6,955,750Net Assets 2017: -$2,977,5362017Assets 2018: $3,917,489Liabilities 2018: $6,856,053Net Assets 2018: -$2,938,5642018Assets 2019: $3,701,648Liabilities 2019: $6,774,141Net Assets 2019: -$3,072,4932019Assets 2020: $3,463,382Liabilities 2020: $6,649,694Net Assets 2020: -$3,186,3122020Assets 2021: $3,411,204Liabilities 2021: $6,607,029Net Assets 2021: -$3,195,8252021Assets 2022: $3,156,402Liabilities 2022: $6,424,851Net Assets 2022: -$3,268,4492022Assets 2023: $4,981,249Liabilities 2023: $0Net Assets 2023: $4,981,2492023Assets 2024: $5,632,501Liabilities 2024: $0Net Assets 2024: $5,632,5012024

Highlighted filing

2017

Assets$3,978,214
Liabilities$6,955,750
Net Assets-$2,977,536

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2017: $1,208,694Expenses 2017: $1,194,222Net Income 2017: $14,4722017Revenue 2018: $1,244,807Expenses 2018: $1,205,835Net Income 2018: $38,9722018Revenue 2019: $1,184,023Expenses 2019: $1,317,952Net Income 2019: -$133,9292019Revenue 2020: $1,198,625Expenses 2020: $1,312,444Net Income 2020: -$113,8192020Revenue 2021: $1,321,208Expenses 2021: $1,330,721Net Income 2021: -$9,5132021Revenue 2022: $1,298,541Expenses 2022: $1,371,165Net Income 2022: -$72,6242022Revenue 2023: $8,348,476Expenses 2023: $98,778Net Income 2023: $8,249,6982023Revenue 2024: $151,252Expenses 2024: $0Net Income 2024: $151,2522024

Highlighted filing

2017

Revenue$1,208,694
Expenses$1,194,222
Net Income$14,472
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$1,208,694
Mission and Program Overview

Mission

To provide affordable for eligible low - income tenants

To provided affordable for eligible low - income tenants

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,427,057$3,219,276▼ $207,781
Intangible Assets$178,594$169,339▼ $9,255
Cash and Non-Interest-Bearing Accounts$5,049$66,242▲ $61,193
Prepaid Expenses and Deferred Charges$21,036$39,880▲ $18,844
Accounts Receivable$5,816$7,982▲ $2,166
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-
Inventories for Sale or Use-$0-
Total Assets$4,111,606$3,978,214▼ $133,392
Other Assets Total$474,054$475,495▲ $1,441
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,965,701$6,868,461▼ $97,240
Other Liabilities$52,259$48,963▼ $3,296
Accounts Payable and Accrued Expenses$85,654$38,326▼ $47,328
Total Liabilities$7,103,614$6,955,750▼ $147,864
Net Assets / Fund Balance
Unrestricted Net Assets$-2,992,008$-2,977,536▲ $14,472
Total Net Assets Fund Balance$-2,992,008$-2,977,536▲ $14,472
Total Liabilities and Net Assets / Fund Balance$4,111,606$3,978,214▼ $133,392

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,094,067$5,107,731$8,201,798
Equipment$1,670$166,486$168,156
Land$123,539-$123,539
Other Land Buildings-$61,190$61,190
Other Assets Org$36,898--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Deborah ScottPresident
James WhartonVice President
Burvin SaundersDirector
Cornell RichardsonDirector
Monica MartinDirector
Phoebe BradfordDirector
Carla DudleySecretary
Carolyn WhartonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,207,218
Investment Income
$236
Other Revenue
$1,240
Change in Net Assets
$14,472

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,208,694
Total Revenue per Audited Statements
$1,208,694
Total Revenue per Form 990
$1,208,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$969,960
Salaries, Compensation, and Employee Benefits$224,262
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$269,620--$269,620
Depreciation Depletion$224,598--$224,598
Other Salaries and Wages$158,479--$158,479
Fees for Services Management$77,040--$77,040
Office Expenses$63,930--$63,930
All Other Expenses$57,080--$57,080
Other Employee Benefits$46,060--$46,060
Other Expenses$34,564--$34,564
Fees for Services Accounting$30,062--$30,062
Insurance$26,948--$26,948
Payroll Taxes$19,723--$19,723
Fees for Services Legal$798--$798
Conferences and Meetings$415--$415
Total Functional Expenses$1,194,222$0$0$1,194,222

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,194,222
Total Expenses per Audited Statements$1,194,222
Total Expenses per Form 990$1,194,222
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
Tenant Security Deposits$32,643
Misc. Current Liab.$10,948
Prepaid Revenue$5,372
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
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

A management company is engaged to manage day to day operations of rental activities.

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

Draft return is reviewed by the organization's officers prior to filing.

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

Management company monitors compliance as part of the management agreement.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Organization consistently reviews and monitors compensation packages against current market rates.

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

All information is available upon request at the organization's office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Ebenezer Primm Towers Inc
EIN
36-2700973
Phone
7084444942
Address
8201 W 183RD STREET STE K, TINLEY PARK, IL 60487

Signing Officer

Name
Rev Deborah Scott
Title
President
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Deborah Scott
Formed
1972
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Wieland & Company Inc Cpas
Address
201 HOUSTON STREET SUITE 301, BATAVIA, IL 60510
Preparer
Paul H Wieland CPA
Phone
6304064490
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is tax exempt under Internal Revenue Code Section 501(c)(3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of June 30, 2017, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01240
IRS990/OtherRevenueTotalAmt01240
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0158479
IRS990/OtherSalariesAndWagesGrp/TotalAmt0158479
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt019723
IRS990/PayrollTaxesGrp/TotalAmt019723
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021036
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039880
IRS990/PrincipalOfficerNm0REV DEBORAH SCOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE PMTS
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0387494
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1813690
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26034
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0387494
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1813690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26034
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0235
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01072777
IRS990/PYOtherRevenueAmt024483
IRS990/PYProgramServiceRevenueAmt01199048
IRS990/PYRevenuesLessExpensesAmt0-89252
IRS990/PYSalariesCompEmpBnftPaidAmt0240241
IRS990/PYTotalExpensesAmt01313018
IRS990/PYTotalRevenueAmt01223766
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt014472
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01208458
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0236
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0309
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0251
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01296
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01208458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01223531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01167837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01120538
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01081926
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05802290
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0236
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0309
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0265
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0251
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01296
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt05802290
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01208458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01223531
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01167837
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01120538
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01081926
IRS990ScheduleA/Total509Grp/TotalAmt05802290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01208694
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01223766
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01168146
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01120803
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01082177
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05803586
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03094067
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05107731
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08201798
IRS990ScheduleD/EquipmentGrp/BookValueAmt01670
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0166486
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0168156
IRS990ScheduleD/ExpensesSubtotalAmt01194222
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0123539
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0123539
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt049500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1132094
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2244573
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt312430
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt436898
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM PRIOR MGMT AGENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANAT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061190
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010948
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15372
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt232643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MISC. CURRENT LIAB.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01208694
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is tax exempt under Internal Revenue Code Section 501(c)(3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of June 30, 2017, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03219276
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0475495
IRS990ScheduleD/TotalExpensesPerForm990Amt01194222
IRS990ScheduleD/TotalLiabilityAmt048963
IRS990ScheduleD/TotalRevenuePerForm990Amt01208694
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01208694
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01194222
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MANAGEMENT COMPANY IS ENGAGED TO MANAGE DAY TO DAY OPERATIONS OF RENTAL ACTIVITIES.

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