Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 36-2747743 • 501(c)3 • Naperville, IL
Profile
To provide low and moderate income housing for qualified residents in the chicago area.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Down$0
Down $13,961,230 (-100%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$0
Down $13,961,230 (-100%) from 2023
Revenue
Up$71,847
Up $501,040 (+117%) from 2023
Expenses
Up$7,440,508
Up $2,822,013 (+61%) from 2023
Net Income
Down-$7,368,661
Down $2,320,973 (-46%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
To provide low and moderate income housing for qualified residents in the chicago area.
Prior to the filing of the Chapter 7 bankruptcy, the organization's mission was to provide low and moderate income housing for qualified residents in the Chicago area.
| Description | Grants | Expenses |
|---|---|---|
| Prior to the filing of the Chapter 7 bankruptcy the organization had provided hundreds of units of housing to Chicago Area Residents.This is the final income tax return for this bankrupt entity for tax year 2023. | - | $7,440,508 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Sandra E Harris | Treasurer | - | $0 | - | - |
“See Schedule O”
“See Schedule O”
“See Form 8275 and other footnotes in Schedule O”
“See Form 8275”
“See Form 8275”
“Gina B. Krol, TrusteeSee Form 8275”
“Gina B. Krol, TrusteeSee Form 8275”
“Interest Income $71847”
“Bad Debt $6702730”
“Accounts Receivable - Beginning $10845133 Accounts Receivable - Ending $0”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Gina B Krol BKTrustee |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3123680300 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 105 W Madison Street 1100 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Chicago |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60602 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 3116097 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -7368661 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 737778 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/FinalReturnInd | 0 | X |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 13961230 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 71847 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 13961230 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 13961230 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Sandra E Harris |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 10845133 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -6592569 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 6702730 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 71847 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Prior to the filing of the Chapter 7 bankruptcy, the organization's mission was to provide low and moderate income housing for qualified residents in the Chicago area. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Prior to the filing of the Chapter 7 bankruptcy the organization had provided hundreds of units of housing to Chicago Area Residents.This is the final income tax return for this bankrupt entity for tax year 2023. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 7440508 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 7440508 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 7440508 |
| IRS990EZ/TotalRevenueAmt | 0 | 71847 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationTrustInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 259552 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 259552 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 74847 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 74847 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 74847 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 74847 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.01380 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3474562 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 193370 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1417367 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 5085299 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PrivateFoundation509Ind | 0 | X |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.04790 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 259552 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 259552 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 259552 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 74847 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 3474562 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 193370 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1676919 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 5419698 |
| IRS990ScheduleN/AssetsDistributedInd | 0 | true |
| IRS990ScheduleN/AttorneyGeneralNotifiedInd | 0 | false |
| IRS990ScheduleN/BondLiabilitiesDischargedInd | 0 | false |
| IRS990ScheduleN/BondsOutstandingInd | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | false |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | false |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | true |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | Cash |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2023-11-01 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 0 | 6592569 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 0 | Exempt Organization |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 0 | n/a |
| IRS990ScheduleN/OwnerOfSuccessorInd | 0 | false |
| IRS990ScheduleN/ReceiveCompensationInd | 0 | false |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | false |
| IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt | 0 | The Exempt Organization had filed for Chapter 11 Bankruptcy on October 24, 2018. Gina B. Krol was appointed the Chapter 11 Bankruptcy Trustee in the Northern District of Illinois- Eastern Division (Bk#18-29862).The Chapter 11 trustee finalized the legal proceedings. This bankrupt taxpayer's year 2023 return is being submitted to the service as a final return.Also See Form 8275 and Page 1 of the Bankruptcy Court Docket for further documentation. |
| IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Sch N, Part III, Additional Information |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Interest Income $71847 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Bad Debt $6702730 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Accounts Receivable - Beginning $10845133 Accounts Receivable - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | See Schedule O |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | See Schedule O |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | See Form 8275 and other footnotes in Schedule O |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | See Form 8275 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | See Form 8275 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Gina B. Krol, TrusteeSee Form 8275 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Gina B. Krol, TrusteeSee Form 8275 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Revenue.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 2 - Business or Family Relationship of Officer |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 9 - Officer, Director, Trustee, Key Employee M |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Line 11b - Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Line 18 - Explanation of Other Means Forms Availabl |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part VI, Line 19 - Other Organization Documents Publicly Ava |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990, Part VI, Line 3, Description of Duties to Management |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990, Part VI, Line 7b Decisions of Governing Body Approval by Mem |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Gina B Krol |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Bankruptcy Trustee |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Woodlawn Community Development |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | Corporation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WOOD |
| ReturnHeader/Filer/EIN | 0 | 362747743 |
| ReturnHeader/Filer/PhoneNum | 0 | 3123680300 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1064 104th Street 100 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Naperville |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60564 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 364203787 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Alan D Lasko & Assoc PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 205 West Randolph St Suite 1150 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Chicago |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 60606 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3123321302 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Alan D Lasko |
| ReturnHeader/ReturnTs | 0 | 2025-05-12T13:02:26-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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