Civic Intelligence

Japanese American Service Committe Housing Corporation

990 • Fiscal year 2016 • EIN 36-2939746

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

Refreshing map…

920 W Lawrence AveChicago, IL 60640

(847) 732-7378

Siviq Scores

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

Liabilities / Assets

68th percentile

0.40x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

78th percentile

0.83x

Higher debt load relative to revenue than 78% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

74th percentile

13%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

33rd percentile

-1.8%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-3.8%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,345,819

Down $104,461 (-1.9%) from 2014

Net Assets

Up

$3,232,889

Up $501,843 (+18%) from 2014

Liabilities

Down

$2,112,930

Down $606,304 (-22%) from 2014

Revenue

Down

$2,550,422

Down $59,838 (-2.3%) from 2014

Expenses

Down

$2,223,804

Down $54,683 (-2.4%) from 2014

Net Income

Down

$326,618

Down $5,155 (-1.6%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $4,958,239Liabilities 2011: $3,433,534Net Assets 2011: $1,524,7052011Assets 2012: $5,291,452Liabilities 2012: $3,203,778Net Assets 2012: $2,087,6742012Assets 2014: $5,450,280Liabilities 2014: $2,719,234Net Assets 2014: $2,731,0462014Assets 2016: $5,345,819Liabilities 2016: $2,112,930Net Assets 2016: $3,232,8892016Assets 2017: $5,245,490Liabilities 2017: $1,764,581Net Assets 2017: $3,480,9092017Assets 2018: $5,153,711Liabilities 2018: $1,331,086Net Assets 2018: $3,822,6252018Assets 2019: $5,296,651Liabilities 2019: $923,045Net Assets 2019: $4,373,6062019Assets 2020: $5,729,186Liabilities 2020: $770,042Net Assets 2020: $4,959,1442020Assets 2021: $30,782,527Liabilities 2021: $24,264,535Net Assets 2021: $6,517,9922021Assets 2022: $32,702,456Liabilities 2022: $24,264,704Net Assets 2022: $8,437,7522022

Highlighted filing

2016

Assets$5,345,819
Liabilities$2,112,930
Net Assets$3,232,889

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2011: $2,180,1362011Expenses 2012: $2,202,9642012Revenue 2014: $2,610,260Expenses 2014: $2,278,487Net Income 2014: $331,7732014Revenue 2016: $2,550,422Expenses 2016: $2,223,804Net Income 2016: $326,6182016Revenue 2017: $2,623,381Expenses 2017: $2,375,361Net Income 2017: $248,0202017Revenue 2018: $2,673,190Expenses 2018: $2,331,474Net Income 2018: $341,7162018Revenue 2019: $2,741,592Expenses 2019: $2,190,611Net Income 2019: $550,9812019Revenue 2020: $2,783,823Expenses 2020: $2,198,285Net Income 2020: $585,5382020Revenue 2021: $619,174Expenses 2021: $47,256Net Income 2021: $571,9182021Revenue 2022: $1,970,378Expenses 2022: $59,458Net Income 2022: $1,910,9202022

Highlighted filing

2016

Revenue$2,550,422
Expenses$2,223,804
Net Income$326,618
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 8, 2016
Return Version
2015v2.0
Gross Receipts
$2,550,422
Mission and Program Overview

Mission

Low cost subsidized housing for the elderly and/or disabled

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,994,821$2,988,847▼ $5,974
Savings and Temporary Cash Investments$2,108,124$2,142,917▲ $34,793
Cash and Non-Interest-Bearing Accounts$231,446$125,706▼ $105,740
Prepaid Expenses and Deferred Charges$68,369$47,816▼ $20,553
Accounts Receivable$8,414$9,491▲ $1,077
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$5,441,913$5,345,819▼ $96,094
Other Assets Total$30,739$31,042▲ $303
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,212,004$1,881,372▼ $330,632
Accounts Payable and Accrued Expenses$245,944$163,829▼ $82,115
Other Liabilities$77,694$67,729▼ $9,965
Total Liabilities$2,535,642$2,112,930▼ $422,712
Net Assets / Fund Balance
Unrestricted Net Assets$2,906,271$3,232,889▲ $326,618
Total Net Assets Fund Balance$2,906,271$3,232,889▲ $326,618
Total Liabilities and Net Assets / Fund Balance$5,441,913$5,345,819▼ $96,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,106,848$5,600,118$6,706,966
Leasehold Improvements$1,276,205$1,530,221$2,806,426
Equipment$225,651$1,027,979$1,253,630
Land$380,143-$380,143
Compensation and Service Providers

Board Members and Trustees

NameTitle
John SuzukiPresident
Craig MizushimaVice President
Alice MurataDirector
Ester HanaDirector
George KobayashiDirector
Jean MishimaDirector
Jeanie UchiyamaDirector
Masami TakahashiDirector
Megan NakanoDirector
Patricia M MatsumotoSecretary
Janice OmachiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,803,123
Program Service Revenue
$688,871
Investment Income
$20,601
Other Revenue
$37,827
All Other Contributions
$1,200
Change in Net Assets
$326,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,550,422
Total Revenue per Audited Statements
$2,550,422
Total Revenue per Form 990
$2,550,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,532,082
Salaries, Compensation, and Employee Benefits$691,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$377,467$174,914-$552,381
Depreciation Depletion$349,409--$349,409
Interest$139,892--$139,892
Fees for Services Management$123,436--$123,436
All Other Expenses$91,981--$91,981
Insurance$76,799--$76,799
Other Employee Benefits$49,241$22,854-$72,095
Other Expenses$67,698--$67,698
Payroll Taxes$33,075$15,326-$48,401
Fees for Services Accounting$21,300$22,117-$43,417
Pension Plan Contributions$12,871$5,974-$18,845
Office Expenses-$16,239-$16,239
Total Functional Expenses$1,966,380$257,424$0$2,223,804

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,223,804
Total Expenses per Audited Statements$2,223,804
Total Expenses per Form 990$2,223,804
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$51,714
Accrued Mortgage Interest$10,779
Prepaid Revenue$5,236
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
No
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

At the begining of the year management of the property is performed by steven jerold management associates, inc.during the year management of the property transitioned to evergreen real estate services llc

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

Form 990 is reviewed by management and appointed directors of the board prior to filing

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

The organization uses a form that provides the opportunity for board members to disclose potential conflicts of interest

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

Proposals for compensation changes researched and presented by the management company for board approval on an annual basis.

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

Certain documents, required to be avialable to the public, are available upon request

Filing and Contact Details

Filer

Filer Name
Japanese American Service Committe
EIN
36-2939746
Phone
8477327378
Address
920 W LAWRENCE AVE, CHICAGO, IL 60640

Signing Officer

Name
John Suzuki
Title
President
Signed
2016-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Suzuki
Formed
1976
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
15
Volunteers
70

Preparer

Firm
Porte Brown LLC
Address
845 Oakton St, Elk Grove Village, IL 60007
Preparer
Genevra Knight
Phone
8479561040
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The corporation has adopted the provisions of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The corporation files income tax returns in the u.s. Federal jurisdicition and the state of illinois. Management is not aware of any uncertain tax positions.

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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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Peer Organizations

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