Civic Intelligence

The Resurrection Project

990 • Fiscal year 2016 • EIN 36-3576073

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

1818 South PaulinaChicago, IL 60608

(312) 666-1323

Siviq Scores

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

Liabilities / Assets

76th percentile

0.60x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

2.40x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

93rd percentile

38%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-11%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$40,037,647

Up $10,975,026 (+38%) from 2015

Net Assets

Down

$15,946,963

Down $1,805,965 (-10%) from 2015

Liabilities

Up

$24,090,684

Up $12,780,991 (+113%) from 2015

Revenue

Down

$10,024,547

Down $1,183,537 (-11%) from 2015

Expenses

Up

$11,206,729

Up $1,417,895 (+14%) from 2015

Net Income

Down

-$1,182,182

Down $2,601,432 (-183%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $31,617,149Liabilities 2012: $13,482,970Net Assets 2012: $18,134,1792012Assets 2013: $26,917,679Liabilities 2013: $11,318,664Net Assets 2013: $15,599,0152013Assets 2014: $27,909,278Liabilities 2014: $11,126,813Net Assets 2014: $16,782,4652014Assets 2015: $29,062,621Liabilities 2015: $11,309,693Net Assets 2015: $17,752,9282015Assets 2016: $40,037,647Liabilities 2016: $24,090,684Net Assets 2016: $15,946,9632016Assets 2017: $44,226,262Liabilities 2017: $29,797,346Net Assets 2017: $14,428,9162017Assets 2018: $44,940,066Liabilities 2018: $31,282,987Net Assets 2018: $13,657,0792018Assets 2019: $50,463,288Liabilities 2019: $38,603,481Net Assets 2019: $11,859,8072019Assets 2020: $48,135,020Liabilities 2020: $30,586,835Net Assets 2020: $17,548,1852020Assets 2021: $50,016,508Liabilities 2021: $34,544,523Net Assets 2021: $15,471,9852021Assets 2022: $47,621,788Liabilities 2022: $34,863,879Net Assets 2022: $12,757,9092022Assets 2023: $47,890,603Liabilities 2023: $34,611,188Net Assets 2023: $13,279,4152023Assets 2024: $54,221,087Liabilities 2024: $40,680,547Net Assets 2024: $13,540,5402024

Highlighted filing

2016

Assets$40,037,647
Liabilities$24,090,684
Net Assets$15,946,963

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2012: $15,424,1242012Revenue 2013: $6,167,004Expenses 2013: $8,782,782Net Income 2013: -$2,615,7782013Revenue 2014: $9,991,459Expenses 2014: $8,835,488Net Income 2014: $1,155,9712014Revenue 2015: $11,208,084Expenses 2015: $9,788,834Net Income 2015: $1,419,2502015Revenue 2016: $10,024,547Expenses 2016: $11,206,729Net Income 2016: -$1,182,1822016Revenue 2017: $12,696,137Expenses 2017: $13,424,342Net Income 2017: -$728,2052017Revenue 2018: $13,135,936Expenses 2018: $13,409,720Net Income 2018: -$273,7842018Revenue 2019: $14,529,566Expenses 2019: $16,303,695Net Income 2019: -$1,774,1292019Revenue 2020: $35,278,641Expenses 2020: $28,107,008Net Income 2020: $7,171,6332020Revenue 2021: $28,523,400Expenses 2021: $30,599,600Net Income 2021: -$2,076,2002021Revenue 2022: $27,371,224Expenses 2022: $31,133,083Net Income 2022: -$3,761,8592022Revenue 2023: $31,401,801Expenses 2023: $31,119,308Net Income 2023: $282,4932023Revenue 2024: $45,532,789Expenses 2024: $44,788,674Net Income 2024: $744,1152024

Highlighted filing

2016

Revenue$10,024,547
Expenses$11,206,729
Net Income-$1,182,182
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$10,024,547
Mission and Program Overview

Mission

Trp builds relationships and challenges individuals to act on their faith and values by creating community ownership, building community wealth and serving as stewards of community assets.

Create healthy communities through education, organization, and community development. Improve quality of life for low and moderate income families through affordable

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,695,244$22,007,453▲ $2,312,209
Accounts Receivable$1,787,267$5,947,729▲ $4,160,462
Cash and Non-Interest-Bearing Accounts$1,182,349$3,976,623▲ $2,794,274
Savings and Temporary Cash Investments$1,876,973$3,090,035▲ $1,213,062
Investments Program Related$2,141,722$1,506,778▼ $634,944
Prepaid Expenses and Deferred Charges$339,526$1,466,250▲ $1,126,724
Inventories for Sale or Use$51,422$51,422→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$29,062,621$40,037,647▲ $10,975,026
Other Assets Total$1,988,118$1,991,357▲ $3,239
Liabilities
Unsecured Notes Loans Payable$3,115,734$11,276,754▲ $8,161,020
Mortgage Notes Payable Secured by Investment Property$6,988,911$7,870,485▲ $881,574
Deferred Revenue$282,011$3,786,519▲ $3,504,508
Accounts Payable and Accrued Expenses$659,446$765,348▲ $105,902
Other Liabilities$263,591$391,578▲ $127,987
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,309,693$24,090,684▲ $12,780,991
Net Assets / Fund Balance
Unrestricted Net Assets$17,752,928$15,946,963▼ $1,805,965
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$17,752,928$15,946,963▼ $1,805,965
Total Liabilities and Net Assets / Fund Balance$29,062,621$40,037,647▲ $10,975,026

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,661,702$8,260,962$27,922,664
Land$1,753,316-$1,753,316
Equipment$592,435$1,107,063$1,699,498
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raul RaymundoCEOFT$170,190$25,000$195,190
Patricia DeandaCOOFT$150,000-$150,000
Guacolda ReyesVP of Real Estate Develop.FT$128,000-$128,000
Julio PazVP Institutional AdvancementFT$105,000-$105,000

Board Members and Trustees

NameTitle
Fr Charles DahmChairman
Vicky ArroyoVice Chair
Andrew DecouxDirector
Dorothy M ZukoskiDirector
Fr Don NevinsDirector
Jos SaldanaDirector
Juan AraizaDirector
Maria PradoDirector
Milena TousDirector
Raul HernandezDirector
Antonio OrtizSecretary
Jack CraneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
It Risk Manager LLCIt ConsultingPO BOX 88387, Carol Stream, IL 60188$357,918
United Latino ConstructionConstruction3125 S KOMENSKY AVE, Chicago, IL 60623$254,480
Design BridgeArchitect & Design1415 W GRAND AVE, Chicago, IL 60642$175,959
Revenue and Support

Revenue Composition

Contributions and Grants
$6,814,202
Program Service Revenue
$3,155,627
Investment Income
$54,718
Other Revenue
$0
All Other Contributions
$5,785,130
Change in Net Assets
$-1,182,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,098,882
Other Expenses$5,107,847
Total Fundraising Expense$796,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,981,604$131,240$589,775$4,702,619
Depreciation Depletion$1,192,840$15,379$13,263$1,221,482
Occupancy$902,649--$902,649
Office Expenses$456,252$309,717$71,613$837,582
Payroll Taxes$505,831$9,829$55,460$571,120
Other Employee Benefits$358,256$75,295$46,402$479,953
Fees for Services Other$416,029--$416,029
Interest$392,972$10,583$2,371$405,926
Current Officers, Directors, Trustees, and Key Employees-$195,190-$195,190
Comp Disqual Persons-$150,000-$150,000
Insurance$117,050$7,762-$124,812
Fees for Services Accounting-$102,500-$102,500
Other Expenses$90,000$23,403$4,365$90,000
Fees for Services Management-$85,491-$85,491
Fees for Services Legal-$52,831-$52,831
Advertising$44,591--$44,591
Travel$14,995$23,402$4,366$42,763
Information Technology$9,056$15,309-$24,365
Total Functional Expenses$9,193,787$1,216,166$796,776$11,206,729
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$319,221
Tenant Security Deposits$72,357
Governance and Compliance

Governance Checklist

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

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 1:

The officers of trp shall constitute an executive committee of the board of directors. Except to the extent otherwise provided in resolutions of the board of directors from time to time and by the general not for profit corporation act of illinois, the executive committee shall have and may exercise all of the powers and authority of the board of directors in the management of the affairs of the organization between board meetings. In addition, the executive committee shall be responsible for ongoing review and recommendations to enhance the quality and future viability of the board of directors. The committee's responsibilities include (1) regularly reviewing and updating the board roles and responsibilities and helping to shape the board's agenda based on the board adopted strategic plan (2) develop a profile of the board, lead in assessing current and anticipated needs related to board composition, identify and cultivate potential board members and nominate at-large members to be elected to the board (3) design and execute board orientation process and ongoing board education (4) regularly review the board's practices and assess board performance and recommend appropriate changes no less than once a year at the annual board meeting (5) nominate a slate of board officers in anticipation of bi-annual elections.

FORM 990, PART VI, SECTION B, LINE 11:

The organization's senior management and governing body review and approve form 990 before it is filed.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization requires board members and employees to complete the conflict of interest disclosure form every year.

FORM 990, PART VI, SECTION B, LINE 15:

Line 15a: the executive committee of the board of directors determines the compensation of the organization's ceo. The committee uses comparable compensation data from similar organizations as a basis for evaluating compensation. The review process includes contemporaneous documentation and recordkeeping. This process was last undertaken in september 2016. Line 15b: the organization did not compensate any of its other officers during the tax year.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request at its chicago offices.

Filing and Contact Details

Filer

Filer Name
The Resurrection Project
EIN
36-3576073
In Care Of
% MS PATRICIA DEANDA
Phone
3126661323
Address
1818 South Paulina, Chicago, IL 60608

Signing Officer

Name
Raul Raymundo
Title
CEO
Phone
3126661323
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raul Raymundo
Formed
1990
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
115
Volunteers
260

Preparer

Firm
Bkd Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Rebekuh Eley
Phone
6302829500
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Housing, financial services, civic engagement opportunities, and health, safety, and neighborhood revitalization.

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

Community ownership includes our community organizing and programs efforts. Trp develops community leadership, and active civic engagement includes a commitment to provide opportunities for leadership roles in the community through churches, block clubs, schools, and other venues. Trp also conducts a variety of workshops, services, prevention and awareness work into the community; many of these programmatic offerings stem from the organization's role as lead agency for pilsen in the new communities program. In 2016 community ownership impacted over 8,000 people with the following being just a few of the highlights: in the 2015-2016 academic year, trp supported 45 parents in five back of the yards' schools through the parent mentors program. During the 2015-2016 academic year, trp served a total of 2,746 individuals and families through la casa's resident services and outreach programs. With the changing political landscape in 2016, trp's immigration program nimbly grew its outreach to begin supporting deportation defense efforts. In partnership with the mayor's office, trp is a lead on providing citywide immigration legal services to those who are at high risk for deportation. In 2016, trp supported nearly 2,000 people through applying for daca, citizenship and answering other legal status questions. Trp's health programs served 1360 individuals through health workshops. Health promoters (promotoras) provided one-on-one education to 400 individuals through the mexican consulate.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2, LIABILITY FOR UNCERTAIN TAX POSITIONS:

The resurrection project is exempt from income tax under section 501(c)(3) of the internal revenue code. The resurrection project remains liable for income taxes on unrelated business income. The organization recognizes the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The organization is no longer subject to u.s. Federal, state and local income tax examinations by tax authorities for the years before the 2013 tax year.

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