Civic Intelligence

Cal-Met Development Incorporated

990 • Fiscal year 2022 • EIN 36-3301763

Nov 01, 2021 to Oct 31, 2022 • Filed on Feb 09, 2023

Organization ProfileN/A
4101 South Calumet AveChicago, IL 60653

(773) 624-5100

Siviq Scores

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

Liabilities / Assets

98th percentile

1.92x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

2.73x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

29th percentile

-3.1%

Higher net margin than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

27th percentile

-5.9%

Faster asset growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

2.0%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$2,119,574

Down $133,192 (-5.9%) from 2021

Net Assets

Down

-$1,959,912

Down $45,993 (-2.4%) from 2021

Liabilities

Down

$4,079,486

Down $87,199 (-2.1%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin29th percentile

Revenue

Up

$1,496,890

Up $28,649 (+2.0%) from 2021

Expenses

Up

$1,542,883

Up $65,504 (+4.4%) from 2021

Net Income

Down

-$45,993

Down $36,855 (-403%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $3,154,496Liabilities 2010: $5,098,276Net Assets 2010: -$1,943,7802010Assets 2011: $3,056,915Liabilities 2011: $5,091,627Net Assets 2011: -$2,034,7122011Assets 2012: $2,947,349Liabilities 2012: $4,999,045Net Assets 2012: -$2,051,6962012Assets 2013: $2,881,619Liabilities 2013: $4,971,025Net Assets 2013: -$2,089,4062013Assets 2014: $2,715,730Liabilities 2014: $4,857,363Net Assets 2014: -$2,141,6332014Assets 2015: $2,640,895Liabilities 2015: $4,799,059Net Assets 2015: -$2,158,1642015Assets 2016: $2,584,318Liabilities 2016: $4,727,128Net Assets 2016: -$2,142,8102016Assets 2017: $2,543,840Liabilities 2017: $4,652,164Net Assets 2017: -$2,108,3242017Assets 2018: $2,891,041Liabilities 2018: $4,926,630Net Assets 2018: -$2,035,5892018Assets 2019: $2,733,191Liabilities 2019: $4,708,266Net Assets 2019: -$1,975,0752019Assets 2020: $2,433,137Liabilities 2020: $4,337,918Net Assets 2020: -$1,904,7812020Assets 2021: $2,252,766Liabilities 2021: $4,166,685Net Assets 2021: -$1,913,9192021Assets 2022: $2,119,574Liabilities 2022: $4,079,486Net Assets 2022: -$1,959,9122022Assets 2023: $2,989,175Liabilities 2023: $5,958,422Net Assets 2023: -$2,969,2472023Assets 2024: $1,959,556Liabilities 2024: $5,804,389Net Assets 2024: -$3,844,8332024Assets 2025: $1,900,577Liabilities 2025: $5,694,314Net Assets 2025: -$3,793,7372025

Highlighted filing

2022

Assets$2,119,574
Liabilities$4,079,486
Net Assets-$1,959,912
Open 2022 Filing

Operations Trend

Revenue Growth44th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $1,292,1802010Expenses 2011: $1,308,3022011Expenses 2012: $1,305,2872012Expenses 2013: $1,336,0402013Revenue 2014: $1,331,945Expenses 2014: $1,384,172Net Income 2014: -$52,2272014Revenue 2015: $1,327,785Expenses 2015: $1,344,316Net Income 2015: -$16,5312015Revenue 2016: $1,356,636Expenses 2016: $1,341,282Net Income 2016: $15,3542016Revenue 2017: $1,363,316Expenses 2017: $1,328,830Net Income 2017: $34,4862017Revenue 2018: $1,364,429Expenses 2018: $1,291,694Net Income 2018: $72,7352018Revenue 2019: $1,395,676Expenses 2019: $1,335,162Net Income 2019: $60,5142019Revenue 2020: $1,435,636Expenses 2020: $1,365,342Net Income 2020: $70,2942020Revenue 2021: $1,468,241Expenses 2021: $1,477,379Net Income 2021: -$9,1382021Revenue 2022: $1,496,890Expenses 2022: $1,542,883Net Income 2022: -$45,9932022Revenue 2023: $1,562,637Expenses 2023: $2,571,972Net Income 2023: -$1,009,3352023Revenue 2024: $1,649,775Expenses 2024: $2,525,361Net Income 2024: -$875,5862024Revenue 2025: $1,690,546Expenses 2025: $1,639,450Net Income 2025: $51,0962025

Highlighted filing

2022

Revenue$1,496,890
Expenses$1,542,883
Net Income-$45,993
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2021 to Oct 31, 2022
Signed
Feb 9, 2023
Return Version
2021v4.2
Gross Receipts
$1,496,890
Mission and Program Overview

Mission

To provide elderly and disabled individuals with affordable housing, the project consists of a 76 housing project known as cal-met village apartments.

To provide elderly and disabled individuals with affordable housing the project consists of a 76 unit housing project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,711,532$1,536,872▼ $174,660
Cash and Non-Interest-Bearing Accounts$44,467$40,931▼ $3,536
Prepaid Expenses and Deferred Charges$23,673$28,379▲ $4,706
Accounts Receivable$1,055$591▼ $464
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,913,919$-1,959,912▼ $45,993
Total Assets$2,252,766$2,119,574▼ $133,192
Other Assets Total$472,039$512,801▲ $40,762
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,031,581$3,941,176▼ $90,405
Accounts Payable and Accrued Expenses$111,086$75,025▼ $36,061
Other Liabilities$24,018$54,551▲ $30,533
Deferred Revenue$0$8,734▲ $8,734
Total Liabilities$4,166,685$4,079,486▼ $87,199
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,913,919$-1,959,912▼ $45,993
Total Liabilities and Net Assets / Fund Balance$2,252,766$2,119,574▼ $133,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,432,615$5,554,964-
Other Land Buildings$9,960$41,144-
Land$79,644--
Equipment$14,653$144,721-
Other Assets Org$18,928--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Gary BrooksPresident
Chandra NicksDirector
Yvonne BryantDirector
Geoffery ClarkChariman
K HannsberrySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Titan Security Services LLCSecurity Services616 W MONROE STREET, Chicago, IL 60661$169,265
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,485,255
Investment Income
$93
Other Revenue
$11,542
Change in Net Assets
$-45,993

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,496,890
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,496,890
Total Revenue per Form 990
$1,496,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,272,828
Salaries, Compensation, and Employee Benefits$270,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$261,680--$261,680
Other Salaries and Wages$205,800--$205,800
Depreciation Depletion$174,660--$174,660
Fees for Services Management$6,384$67,089-$73,473
Insurance$45,829--$45,829
Office Expenses$43,796--$43,796
Other Employee Benefits$41,002--$41,002
Payroll Taxes$23,253--$23,253
Other Expenses$18,670--$18,670
Fees for Services Accounting$12,350$2,000-$14,350
All Other Expenses$8,761--$8,761
Fees for Services Legal$1,029--$1,029
Total Functional Expenses$1,473,794$69,089$0$1,542,883

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,542,883
Total Expenses per Audited Statements$1,542,883
Total Expenses per Form 990$1,542,883
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits Liability$23,085
Accrued Interest Payable$20,595
Misc Liabilities$5,527
Accrued Wages Payable$4,688
Accrued Payroll Taxes$656
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization only has the governing body and does not have any other committees.”

Form 990, Part VI, Section B, Line 11B

“The bod's and the controller are given a draft copy form 990 for review for any changes and/or corrections before filing. Once the review process is completed, the controller contacts the audit firm to release form 990.”

Form 990, Part VI, Section B, Line 12C

“The board members are required to review the annual conflict of interest policy and then sign a conflict of interest disclosure statement.”

Form 990, Part VI, Section B, Line 15

“The compensation of employees are determined by an annual buget submitted to hud for approval. The management agent is responsible for the hiring process outlined in the employee handbook.”

Form 990, Part VI, Section C, Line 19

“Upon written request, the organization provides the requested documents.”

Form 990 Pg 6 Part VI Section B Policies 11B

“The bod's and the management agent are given a draft copy form 990 for review for any changes and/or corrections before filing. Once the review process is completed, the management agent contacts the audit firm to release form 990.”

Form 990 Pg 6 Part VI Section B Policies 12C

“The organization regularly and consistently monitor and enforce compliance of the conflict of interest policy by having the policy stated in the employee's handbooks.”

Form 990 Pg 6 Part VI Section B Policies 15B

“The compensation of employees are determined by an annual buget submitted to hud for approval. The management agent is responsible for the hiring process outlined in the employee handbook.”

Form 990 Pg 6 Part VI Section C Disclosure Line 19

“The governing documents, confilct of interest policy statement, and financial statements are made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Cal-met Development Inc
EIN
36-3301763
Phone
7736245100
Address
4101 SOUTH CALUMET AVE, CHICAGO, IL 60653

Signing Officer

Name
Gary Brooks
Title
President
Phone
7736245100
Signed
2023-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Brooks
Formed
1988
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Tarwater & Company Pc
Address
PO BOX 11622, KNOXVILLE, TN 37939
Preparer
Joe Tarwater CPA
Phone
8655840294
Raw XML AppendixShowing 400 of 425 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ONLY HAS THE GOVERNING BODY AND DOES NOT HAVE ANY OTHER COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOD'S AND THE CONTROLLER ARE GIVEN A DRAFT COPY FORM 990 FOR REVIEW FOR ANY CHANGES AND/OR CORRECTIONS BEFORE FILING. ONCE THE REVIEW PROCESS IS COMPLETED, THE CONTROLLER CONTACTS THE AUDIT FIRM TO RELEASE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS ARE REQUIRED TO REVIEW THE ANNUAL CONFLICT OF INTEREST POLICY AND THEN SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF EMPLOYEES ARE DETERMINED BY AN ANNUAL BUGET SUBMITTED TO HUD FOR APPROVAL. THE MANAGEMENT AGENT IS RESPONSIBLE FOR THE HIRING PROCESS OUTLINED IN THE EMPLOYEE HANDBOOK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON WRITTEN REQUEST, THE ORGANIZATION PROVIDES THE REQUESTED DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOD'S AND THE MANAGEMENT AGENT ARE GIVEN A DRAFT COPY FORM 990 FOR REVIEW FOR ANY CHANGES AND/OR CORRECTIONS BEFORE FILING. ONCE THE REVIEW PROCESS IS COMPLETED, THE MANAGEMENT AGENT CONTACTS THE AUDIT FIRM TO RELEASE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE OF THE CONFLICT OF INTEREST POLICY BY HAVING THE POLICY STATED IN THE EMPLOYEE'S HANDBOOKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE COMPENSATION OF EMPLOYEES ARE DETERMINED BY AN ANNUAL BUGET SUBMITTED TO HUD FOR APPROVAL. THE MANAGEMENT AGENT IS RESPONSIBLE FOR THE HIRING PROCESS OUTLINED IN THE EMPLOYEE HANDBOOK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE GOVERNING DOCUMENTS, CONFILCT OF INTEREST POLICY STATEMENT, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,119,574
Liabilities
$4,079,486
Net assets
-$1,959,912
Revenue
$1,496,890
Expenses
$1,542,883
Net income
-$45,993
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.90$5.69$3.79$1.69$1.64$0.05
2024Detailed filing. Detailed filing data is available for this year.$1.96$5.80$3.84$1.65$2.53$0.88
2023Detailed filing. Detailed filing data is available for this year.$2.99$5.96$2.97$1.56$2.57$1.01
2022Detailed filing. Detailed filing data is available for this year.$2.12$4.08$1.96$1.50$1.54$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.25$4.17$1.91$1.47$1.48$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.43$4.34$1.90$1.44$1.37$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.73$4.71$1.98$1.40$1.34$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.89$4.93$2.04$1.36$1.29$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.54$4.65$2.11$1.36$1.33$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.58$4.73$2.14$1.36$1.34$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.64$4.80$2.16$1.33$1.34$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.72$4.86$2.14$1.33$1.38$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$4.97$2.09$1.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$5.00$2.05$1.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$5.09$2.03$1.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.15$5.10$1.94$1.29