Civic Intelligence

Dr Lucy Lang-Chappell Housing Complex Inc.

990 • Fiscal year 2021 • EIN 36-3368854

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

566 West Lake StreetChicago, IL 60661

(312) 234-9400

Siviq Scores

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

Liabilities / Assets

51st percentile

0.08x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.13x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

13th percentile

-15%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

13th percentile

-5.0%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

4.7%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,068,062

Down $56,533 (-5.0%) from 2020

Net Assets

Down

$987,468

Down $92,686 (-8.6%) from 2020

Liabilities

Up

$80,594

Up $36,153 (+81%) from 2020

Revenue

Up

$638,999

Up $28,451 (+4.7%) from 2020

Expenses

Up

$731,685

Up $66,059 (+9.9%) from 2020

Net Income

Down

-$92,686

Down $37,608 (-68%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $1,342,242Liabilities 2012: $230,755Net Assets 2012: $1,111,4872012Assets 2013: $1,314,686Liabilities 2013: $86,635Net Assets 2013: $1,228,0512013Assets 2015: $1,280,720Liabilities 2015: $68,375Net Assets 2015: $1,212,3452015Assets 2016: $1,287,282Liabilities 2016: $48,538Net Assets 2016: $1,238,7442016Assets 2017: $1,280,039Liabilities 2017: $57,143Net Assets 2017: $1,222,8962017Assets 2018: $1,256,553Liabilities 2018: $38,047Net Assets 2018: $1,218,5062018Assets 2019: $1,197,070Liabilities 2019: $61,838Net Assets 2019: $1,135,2322019Assets 2020: $1,124,595Liabilities 2020: $44,441Net Assets 2020: $1,080,1542020Assets 2021: $1,068,062Liabilities 2021: $80,594Net Assets 2021: $987,4682021Assets 2022: $913,608Liabilities 2022: $52,459Net Assets 2022: $861,1492022Assets 2023: $898,842Liabilities 2023: $199,423Net Assets 2023: $699,4192023Assets 2024: $795,949Liabilities 2024: $198,737Net Assets 2024: $597,2122024

Highlighted filing

2021

Assets$1,068,062
Liabilities$80,594
Net Assets$987,468

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $549,4422012Expenses 2013: $577,0112013Revenue 2015: $662,544Expenses 2015: $708,830Net Income 2015: -$46,2862015Revenue 2016: $661,351Expenses 2016: $634,952Net Income 2016: $26,3992016Revenue 2017: $638,552Expenses 2017: $654,400Net Income 2017: -$15,8482017Revenue 2018: $655,033Expenses 2018: $659,423Net Income 2018: -$4,3902018Revenue 2019: $631,543Expenses 2019: $714,817Net Income 2019: -$83,2742019Revenue 2020: $610,548Expenses 2020: $665,626Net Income 2020: -$55,0782020Revenue 2021: $638,999Expenses 2021: $731,685Net Income 2021: -$92,6862021Revenue 2022: $616,930Expenses 2022: $743,249Net Income 2022: -$126,3192022Revenue 2023: $602,529Expenses 2023: $764,259Net Income 2023: -$161,7302023Revenue 2024: $663,621Expenses 2024: $765,828Net Income 2024: -$102,2072024

Highlighted filing

2021

Revenue$638,999
Expenses$731,685
Net Income-$92,686
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$638,999
Mission and Program Overview

Mission

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$629,451$565,616▼ $63,835
Accounts Receivable$6,437$7,318▲ $881
Prepaid Expenses and Deferred Charges$1,893$1,755▼ $138
Cash and Non-Interest-Bearing Accounts-$1,239-
Total Assets$1,124,595$1,068,062▼ $56,533
Other Assets Total$486,814$492,134▲ $5,320
Liabilities
Accounts Payable and Accrued Expenses$29,410$60,062▲ $30,652
Deferred Revenue$1,241$11,653▲ $10,412
Other Liabilities$13,790$8,879▼ $4,911
Total Liabilities$44,441$80,594▲ $36,153
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,368,440$2,368,440→ $0
Net Assets Without Donor Restrictions$-1,288,286$-1,380,972▼ $92,686
Total Net Assets Fund Balance$1,080,154$987,468▼ $92,686
Total Liabilities and Net Assets / Fund Balance$1,124,595$1,068,062▼ $56,533

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$533,916$2,827,213$3,361,129
Land$31,700-$31,700
Other Assets Org$10,170--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$520,038
Program Service Revenue
$116,362
Investment Income
$290
Other Revenue
$2,309
Change in Net Assets
$-92,686

Audited Revenue Reconciliation

Revenue per Audited Statements
$638,999
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$638,999
Total Revenue per Form 990
$638,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$515,182
Salaries, Compensation, and Employee Benefits$216,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$315,347$2,740-$318,087
Other Salaries and Wages$119,118$56,481-$175,599
Depreciation Depletion$76,320--$76,320
Insurance$56,691--$56,691
Fees for Services Management-$30,655-$30,655
Other Employee Benefits$20,881--$20,881
Office Expenses$300$19,753-$20,053
Payroll Taxes$20,023--$20,023
Fees for Services Accounting-$10,212-$10,212
Fees for Services Legal-$2,984-$2,984
Advertising-$180-$180
Total Functional Expenses$608,680$123,005$0$731,685

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$731,685
Total Expenses per Audited Statements$731,685
Total Expenses per Form 990$731,685
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 Deposits$8,879
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The apartment complex is managed by evergreen real estate inc.

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

The return is reviewed by the responsible board member and approved for filing by members of the board.

Form 990, Part VI, Section C, Line 19

The organization provides documents upon request.

Filing and Contact Details

Filer

Filer Name
Dr Lucy Lang-chappell Housing Complex
EIN
36-3368854
Phone
3122349400
Address
566 WEST LAKE STREET, CHICAGO, IL 60661

Signing Officer

Name
Beverly Simmons Willis Msw Lcsw
Title
Chairman
Phone
3122349400
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beverly Simmons Willis Ms
Formed
1985
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Cna Tax Professionals Inc
Address
10475 CROSSPOINT BOULEVARD SUITE, 200, INDIANAPOLIS, IN 46256
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

In 2009, the corporation adopted the income taxes topic of the fasb accounting standards codification (asc) 740, which provides guidance for how uncertain income tax positions should be recognized, measured, presented and disclosed in the financial statements. The corporation is required to evaluate the income tax positions taken or expected to be taken to determine whether the positions are "more-likely-than-not" to be sustained upon examination by the applicable tax authority. The corporation has determined that the application of the income tax standard does not impact the operations of the corporation and that no provision for income tax is required in the corporation's financial statements. There has been no interest or penalties recognized in the income statement or balance sheet for the year ended.

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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01619
IRS990ScheduleA/OtherIncome509Grp/TotalAmt08604
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99510
IRS990ScheduleA/PublicSupportPY509Pct00.99500
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0651494
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0635438
IRS990ScheduleA/Total509Grp/TotalAmt03158138
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0638999
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0610548
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0630525
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0655033
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0638552
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03173657
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0533916
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02827213
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03361129
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0731685
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt031700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031700
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt163190
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2407755
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt310170
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08879
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0638999
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN 2009, THE CORPORATION ADOPTED THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE CORPORATION IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE CORPORATION HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAX STANDARD DOES NOT IMPACT THE OPERATIONS OF THE CORPORATION AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE CORPORATION'S FINANCIAL STATEMENTS. THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE INCOME STATEMENT OR BALANCE SHEET FOR THE YEAR ENDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0492134
IRS990ScheduleD/TotalExpensesPerForm990Amt0731685
IRS990ScheduleD/TotalLiabilityAmt08879
IRS990ScheduleD/TotalRevenuePerForm990Amt0638999
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE APARTMENT COMPLEX IS MANAGED BY EVERGREEN REAL ESTATE INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED BY THE RESPONSIBLE BOARD MEMBER AND APPROVED FOR FILING BY MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES DOCUMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt01068062
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0520038
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0123005
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0608680
IRS990/TotalFunctionalExpensesGrp/TotalAmt0731685
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044441
IRS990/TotalLiabilitiesEOYAmt080594
IRS990/TotalLiabilitiesGrp/BOYAmt044441
IRS990/TotalLiabilitiesGrp/EOYAmt080594
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01080154
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0987468
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt0116362
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0116362
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0638999
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01068062
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0566 WEST LAKE STREET
IRS990/USAddress/CityNm0CHICAGO
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IRS990/USAddress/ZIPCd060661
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BEVERLY SIMMONS WILLIS MSW LCSW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03122349400
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16

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