Civic Intelligence

Japanese American Service Committe Housing Corporation

990 • Fiscal year 2017 • EIN 36-2939746

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 14, 2017

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

66th percentile

0.34x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.67x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

66th percentile

9.5%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

27th percentile

-1.9%

Faster asset growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.9%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$5,245,490

Down $100,329 (-1.9%) from 2016

Net Assets

Up

$3,480,909

Up $248,020 (+7.7%) from 2016

Liabilities

Down

$1,764,581

Down $348,349 (-16%) from 2016

Revenue

Up

$2,623,381

Up $72,959 (+2.9%) from 2016

Expenses

Up

$2,375,361

Up $151,557 (+6.8%) from 2016

Net Income

Down

$248,020

Down $78,598 (-24%) from 2016

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

2017

Assets$5,245,490
Liabilities$1,764,581
Net Assets$3,480,909

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

2017

Revenue$2,623,381
Expenses$2,375,361
Net Income$248,020
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$2,623,381
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$2,988,847$2,901,679▼ $87,168
Savings and Temporary Cash Investments$2,142,917$2,187,100▲ $44,183
Prepaid Expenses and Deferred Charges$47,816$69,096▲ $21,280
Cash and Non-Interest-Bearing Accounts$125,706$48,408▼ $77,298
Accounts Receivable$9,491$7,924▼ $1,567
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$5,345,819$5,245,490▼ $100,329
Other Assets Total$31,042$31,283▲ $241
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,881,372$1,527,278▼ $354,094
Accounts Payable and Accrued Expenses$163,829$172,996▲ $9,167
Other Liabilities$67,729$64,307▼ $3,422
Total Liabilities$2,112,930$1,764,581▼ $348,349
Net Assets / Fund Balance
Unrestricted Net Assets$3,232,889$3,480,909▲ $248,020
Total Net Assets Fund Balance$3,232,889$3,480,909▲ $248,020
Total Liabilities and Net Assets / Fund Balance$5,345,819$5,245,490▼ $100,329

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$939,174$5,767,792$6,706,966
Leasehold Improvements$1,409,980$1,647,486$3,057,466
Equipment$172,382$1,159,647$1,332,029
Land$380,143-$380,143
Compensation and Service Providers

Board Members and Trustees

NameTitle
John SuzukiPresident
Craig MizushimaVice President
Alice MurataDirector
George KobayashiDirector
Jean MishimaDirector
Masami TakahashiDirector
Megan NakanoDirector
hide kashimaDirector
mary doiDirector
Patricia M MatsumotoSecretary
Janice OmachiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,863,904
Program Service Revenue
$716,728
Investment Income
$7,545
Other Revenue
$35,204
All Other Contributions
$11,365
Change in Net Assets
$248,020

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,623,381
Total Revenue per Audited Statements
$2,623,381
Total Revenue per Form 990
$2,623,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,583,049
Salaries, Compensation, and Employee Benefits$792,312
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$430,313$194,662-$624,975
Depreciation Depletion$416,607--$416,607
Interest$116,296--$116,296
Other Employee Benefits$77,044$34,852-$111,896
Fees for Services Management$110,635--$110,635
Insurance$63,237--$63,237
All Other Expenses$58,820--$58,820
Payroll Taxes$38,173$17,268-$55,441
Other Expenses$31,023--$31,023
Fees for Services Accounting$28,100--$28,100
Fees for Services Other$24,450--$24,450
Office Expenses-$21,493-$21,493
Fees for Services Legal-$779-$779
Advertising$528--$528
Total Functional Expenses$2,106,307$269,054$0$2,375,361

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,375,361
Total Expenses per Audited Statements$2,375,361
Total Expenses per Form 990$2,375,361
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$53,078
Accrued Mortgage Interest$8,750
Prepaid Revenue$2,479
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 Committee
EIN
36-2939746
Phone
8477327378
Address
920 W LAWRENCE AVE, CHICAGO, IL 60640

Signing Officer

Name
John Suzuki
Title
President
Signed
2017-11-14
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
17
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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