Civic Intelligence

Ebenezer Primm Towers Inc.

990 • Fiscal year 2018 • EIN 36-2700973

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 24, 2018

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

97th percentile

1.75x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

5.51x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

50th percentile

3.1%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

39th percentile

-1.5%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

3.0%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,917,489

Down $60,725 (-1.5%) from 2017

Net Assets

Up

-$2,938,564

Up $38,972 (+1.3%) from 2017

Liabilities

Down

$6,856,053

Down $99,697 (-1.4%) from 2017

Revenue

Up

$1,244,807

Up $36,113 (+3.0%) from 2017

Expenses

Up

$1,205,835

Up $11,613 (+1.0%) from 2017

Net Income

Up

$38,972

Up $24,500 (+169%) from 2017

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

2018

Assets$3,917,489
Liabilities$6,856,053
Net Assets-$2,938,564

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

2018

Revenue$1,244,807
Expenses$1,205,835
Net Income$38,972
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 24, 2018
Return Version
2017v2.2
Gross Receipts
$1,244,807
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$3,219,276$3,063,063▼ $156,213
Intangible Assets$169,339$164,271▼ $5,068
Cash and Non-Interest-Bearing Accounts$66,242$86,768▲ $20,526
Prepaid Expenses and Deferred Charges$39,880$45,068▲ $5,188
Accounts Receivable$7,982$9,630▲ $1,648
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$3,978,214$3,917,489▼ $60,725
Other Assets Total$475,495$548,689▲ $73,194
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,868,461$6,767,359▼ $101,102
Accounts Payable and Accrued Expenses$38,326$52,570▲ $14,244
Other Liabilities$48,963$36,124▼ $12,839
Total Liabilities$6,955,750$6,856,053▼ $99,697
Net Assets / Fund Balance
Unrestricted Net Assets$-2,977,536$-2,938,564▲ $38,972
Total Net Assets Fund Balance$-2,977,536$-2,938,564▲ $38,972
Total Liabilities and Net Assets / Fund Balance$3,978,214$3,917,489▼ $60,725

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,923,802$5,324,560$8,248,362
Equipment$3,587$167,027$170,614
Land$123,539-$123,539
Other Land Buildings$12,135$61,501$73,636
Other Assets Org$38,649--
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
$1,244,521
Investment Income
$286
Other Revenue
$0
Change in Net Assets
$38,972

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,244,807
Total Revenue per Audited Statements
$1,244,807
Total Revenue per Form 990
$1,244,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,006,996
Salaries, Compensation, and Employee Benefits$198,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$265,747--$265,747
Depreciation Depletion$222,749--$222,749
Other Salaries and Wages$156,362--$156,362
All Other Expenses$79,264--$79,264
Fees for Services Management$77,040--$77,040
Office Expenses$70,804--$70,804
Other Expenses$34,067--$34,067
Fees for Services Accounting$30,062--$30,062
Other Employee Benefits$26,219--$26,219
Insurance$25,457--$25,457
Payroll Taxes$16,258--$16,258
Conferences and Meetings$4,719--$4,719
Fees for Services Legal$102--$102
Total Functional Expenses$1,205,835$0$0$1,205,835

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,205,835
Total Expenses per Audited Statements$1,205,835
Total Expenses per Form 990$1,205,835
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$31,381
Prepaid Revenue$4,743
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
2018-10-24
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
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, 2018, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/OtherExpensesGrp/TotalAmt334067
IRS990/OtherLiabilitiesGrp/BOYAmt048963
IRS990/OtherLiabilitiesGrp/EOYAmt036124
IRS990/OtherRevenueMiscGrp/Desc0MISC. OTHER REVENUE
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0156362
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156362
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt016258
IRS990/PayrollTaxesGrp/TotalAmt016258
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039880
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt045068
IRS990/PrincipalOfficerNm0REV DEBORAH SCOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE PMTS
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0397268
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1843056
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0397268
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1843056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24197
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0236
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0969960
IRS990/PYOtherRevenueAmt01240
IRS990/PYProgramServiceRevenueAmt01207218
IRS990/PYRevenuesLessExpensesAmt014472
IRS990/PYSalariesCompEmpBnftPaidAmt0224262
IRS990/PYTotalExpensesAmt01194222
IRS990/PYTotalRevenueAmt01208694
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt038972
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01244521
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0286
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0236
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0309
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01331
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01244521
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01208458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01223531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01167837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01120538
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05964885
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0286
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0236
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0309
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0265
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01331
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt05964885
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01244521
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01208458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01223531
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01167837
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01120538
IRS990ScheduleA/Total509Grp/TotalAmt05964885
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01244807
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01223766
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01168146
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01120803
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05966216
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02923802
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05324560
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08248362
IRS990ScheduleD/EquipmentGrp/BookValueAmt03587
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0167027
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170614
IRS990ScheduleD/ExpensesSubtotalAmt01205835
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0123539
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0123539
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt049500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1135795
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2292440
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt332305
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt438649
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/BookValueAmt012135
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061501
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt073636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04743
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131381
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01244807
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, 2018, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03063063
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0548689
IRS990ScheduleD/TotalExpensesPerForm990Amt01205835
IRS990ScheduleD/TotalLiabilityAmt036124
IRS990ScheduleD/TotalRevenuePerForm990Amt01244807
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01244807
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01205835
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MANAGEMENT COMPANY IS ENGAGED TO MANAGE DAY TO DAY OPERATIONS OF RENTAL ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DRAFT RETURN IS REVIEWED BY THE ORGANIZATION'S OFFICERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT COMPANY MONITORS COMPLIANCE AS PART OF THE MANAGEMENT AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION CONSISTENTLY REVIEWS AND MONITORS COMPENSATION PACKAGES AGAINST CURRENT MARKET RATES.

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