Civic Intelligence

Ebenezer Primm Towers Inc.

990 • Fiscal year 2019 • EIN 36-2700973

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 14, 2019

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

1.83x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

5.72x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

18th percentile

-5.5%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-4.9%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,701,648

Down $215,841 (-5.5%) from 2018

Net Assets

Down

-$3,072,493

Down $133,929 (-4.6%) from 2018

Liabilities

Down

$6,774,141

Down $81,912 (-1.2%) from 2018

Revenue

Down

$1,184,023

Down $60,784 (-4.9%) from 2018

Expenses

Up

$1,317,952

Up $112,117 (+9.3%) from 2018

Net Income

Down

-$133,929

Down $172,901 (-444%) from 2018

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

2019

Assets$3,701,648
Liabilities$6,774,141
Net Assets-$3,072,493

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

2019

Revenue$1,184,023
Expenses$1,317,952
Net Income-$133,929
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 14, 2019
Return Version
2018v3.1
Gross Receipts
$1,184,023
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$3,063,063$2,917,632▼ $145,431
Intangible Assets$164,271$159,203▼ $5,068
Prepaid Expenses and Deferred Charges$45,068$34,518▼ $10,550
Cash and Non-Interest-Bearing Accounts$86,768$10,655▼ $76,113
Accounts Receivable$9,630$9,852▲ $222
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$3,917,489$3,701,648▼ $215,841
Other Assets Total$548,689$569,788▲ $21,099
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,767,359$6,662,243▼ $105,116
Accounts Payable and Accrued Expenses$52,570$76,847▲ $24,277
Other Liabilities$36,124$35,051▼ $1,073
Total Liabilities$6,856,053$6,774,141▼ $81,912
Net Assets / Fund Balance
Unrestricted Net Assets$-2,938,564$-3,072,493▼ $133,929
Total Net Assets Fund Balance$-2,938,564$-3,072,493▼ $133,929
Total Liabilities and Net Assets / Fund Balance$3,917,489$3,701,648▼ $215,841

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,779,148$5,543,648$8,322,780
Equipment$5,299$168,082$173,381
Land$123,539-$123,539
Other Land Buildings$9,646$63,990$73,636
Other Assets Org$35,971--
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
$1,183,708
Investment Income
$315
Other Revenue
$0
Change in Net Assets
$-133,929

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,184,023
Total Revenue per Audited Statements
$1,184,023
Total Revenue per Form 990
$1,184,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,000,160
Salaries, Compensation, and Employee Benefits$317,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$261,720--$261,720
Other Salaries and Wages$250,248--$250,248
Depreciation Depletion$227,684--$227,684
Fees for Services Management$85,369--$85,369
Office Expenses$72,453--$72,453
Other Employee Benefits$48,912--$48,912
Insurance$42,809--$42,809
All Other Expenses$42,656--$42,656
Fees for Services Accounting$30,062--$30,062
Other Expenses$21,247--$21,247
Payroll Taxes$18,632--$18,632
Conferences and Meetings$3,037--$3,037
Fees for Services Legal$307--$307
Total Functional Expenses$1,317,952$0$0$1,317,952

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,317,952
Total Expenses per Audited Statements$1,317,952
Total Expenses per Form 990$1,317,952
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$31,283
Prepaid Revenue$3,768
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
2019-10-14
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, 2019, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/OtherExpensesGrp/TotalAmt321247
IRS990/OtherLiabilitiesGrp/BOYAmt036124
IRS990/OtherLiabilitiesGrp/EOYAmt035051
IRS990/OtherRevenueMiscGrp/Desc0MISC. OTHER REVENUE
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0250248
IRS990/OtherSalariesAndWagesGrp/TotalAmt0250248
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt018632
IRS990/PayrollTaxesGrp/TotalAmt018632
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045068
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034518
IRS990/PrincipalOfficerNm0REV DEBORAH SCOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE PMTS
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0361127
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1818364
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24217
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0361127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1818364
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24217
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0286
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01006996
IRS990/PYProgramServiceRevenueAmt01244521
IRS990/PYRevenuesLessExpensesAmt038972
IRS990/PYSalariesCompEmpBnftPaidAmt0198839
IRS990/PYTotalExpensesAmt01205835
IRS990/PYTotalRevenueAmt01244807
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-133929
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01183708
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0315
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0286
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0236
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0309
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01183708
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01244521
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01208458
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01223531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01167837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06028055
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0315
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0286
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0236
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0309
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IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01223531
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01167837
IRS990ScheduleA/Total509Grp/TotalAmt06028055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01184023
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01208694
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01223766
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06029436
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IRS990ScheduleD/BuildingsGrp/BookValueAmt02779148
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05543648
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt016
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08322780
IRS990ScheduleD/EquipmentGrp/BookValueAmt05299
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0168082
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0173381
IRS990ScheduleD/ExpensesSubtotalAmt01317952
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0123539
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt049500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1111653
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2340345
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt332319
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt435971
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM PRIOR MGMT AGENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANAT SECURITY DEPOSITS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt063990
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt073636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01184023
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, 2019, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02917632
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0569788
IRS990ScheduleD/TotalExpensesPerForm990Amt01317952
IRS990ScheduleD/TotalLiabilityAmt035051
IRS990ScheduleD/TotalRevenuePerForm990Amt01184023
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01184023
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01317952
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.

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