Civic Intelligence

Cda Midway Plaisance Association

990 • Fiscal year 2016 • EIN 36-3876937

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 07, 2017

731 E 60th StreetChicago, IL 60637

(630) 789-6709

Siviq Scores

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

Liabilities / Assets

98th percentile

1.79x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

7.14x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$497,396

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 90.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$2,175,795

No earlier filing loaded for comparison.

Net Assets

-$1,729,483

No earlier filing loaded for comparison.

Liabilities

$3,905,278

No earlier filing loaded for comparison.

Revenue

$547,118

No earlier filing loaded for comparison.

Expenses

$714,059

No earlier filing loaded for comparison.

Net Income

-$166,941

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2016: $2,175,795Liabilities 2016: $3,905,278Net Assets 2016: -$1,729,4832016Assets 2017: $2,089,956Liabilities 2017: $3,958,707Net Assets 2017: -$1,868,7512017Assets 2018: $2,022,950Liabilities 2018: $4,022,000Net Assets 2018: -$1,999,0502018Assets 2019: $1,939,382Liabilities 2019: $4,255,264Net Assets 2019: -$2,315,8822019Assets 2020: $1,863,181Liabilities 2020: $4,453,394Net Assets 2020: -$2,590,2132020Assets 2021: $2,090,957Liabilities 2021: $5,035,356Net Assets 2021: -$2,944,3992021Assets 2022: $2,409,608Liabilities 2022: $5,776,524Net Assets 2022: -$3,366,9162022Assets 2023: $2,750,197Liabilities 2023: $6,681,063Net Assets 2023: -$3,930,8662023Assets 2024: $3,262,302Liabilities 2024: $7,499,961Net Assets 2024: -$4,237,6592024

Highlighted filing

2016

Assets$2,175,795
Liabilities$3,905,278
Net Assets-$1,729,483

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2016: $547,118Expenses 2016: $714,059Net Income 2016: -$166,9412016Revenue 2017: $600,384Expenses 2017: $739,652Net Income 2017: -$139,2682017Revenue 2018: $671,154Expenses 2018: $801,453Net Income 2018: -$130,2992018Revenue 2019: $646,349Expenses 2019: $963,181Net Income 2019: -$316,8322019Revenue 2020: $641,520Expenses 2020: $915,851Net Income 2020: -$274,3312020Revenue 2021: $535,554Expenses 2021: $889,740Net Income 2021: -$354,1862021Revenue 2022: $541,279Expenses 2022: $963,796Net Income 2022: -$422,5172022Revenue 2023: $490,457Expenses 2023: $1,054,407Net Income 2023: -$563,9502023Revenue 2024: $677,726Expenses 2024: $984,519Net Income 2024: -$306,7932024

Highlighted filing

2016

Revenue$547,118
Expenses$714,059
Net Income-$166,941
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 7, 2017
Return Version
2016v3.0
Gross Receipts
$547,118
Mission and Program Overview

Mission

AFFORDABLE HOUSING-

Affordable housing- the organization was formed to develop, own and operate an affordable housing project for very low income households aged 62 or older. The complex consists of 52 units which includes 100% hud subsidy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,019,661$1,933,530▼ $86,131
Accounts Receivable$10,887$16,016▲ $5,129
Prepaid Expenses and Deferred Charges$2,500$3,725▲ $1,225
Cash and Non-Interest-Bearing Accounts$16,334$2,155▼ $14,179
Rtn Earn Endowment Incm Other Fnds$-1,562,542$-1,729,483▼ $166,941
Total Assets$2,277,717$2,175,795▼ $101,922
Other Assets Total$228,335$220,369▼ $7,966
Liabilities
Unsecured Notes Loans Payable$3,618,800$3,618,800→ $0
Accounts Payable and Accrued Expenses$170,038$232,169▲ $62,131
Other Liabilities$51,421$54,309▲ $2,888
Total Liabilities$3,840,259$3,905,278▲ $65,019
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,562,542$-1,729,483▼ $166,941
Total Liabilities and Net Assets / Fund Balance$2,277,717$2,175,795▼ $101,922

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,729,136$1,790,122-
Land$149,937--
Equipment$54,457$97,168-
Other Assets Org$6,612--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Christine Mj OliverPresident-directorPT$497,396$497,396

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$546,355
Investment Income
$763
Other Revenue
$0
Change in Net Assets
$-166,941

Audited Revenue Reconciliation

Revenue per Audited Statements
$547,118
Total Revenue per Audited Statements
$547,118
Total Revenue per Form 990
$547,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$472,249
Salaries, Compensation, and Employee Benefits$241,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$202,251$10,645$0$212,896
Depreciation Depletion$102,784$0$0$102,784
Insurance$75,330$0$0$75,330
All Other Expenses$53,658$0$0$53,658
Fees for Services Management$43,056$0$0$43,056
Payroll Taxes$27,468$1,446$0$28,914
Fees for Services Other$16,900$0$0$16,900
Fees for Services Accounting$15,839$837$0$16,676
Office Expenses$11,684$615$0$12,299
Other Expenses$4,371$0$0$4,371
Fees for Services Legal$385$0$0$385
Total Functional Expenses$700,516$13,543$0$714,059

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$714,059
Total Expenses per Audited Statements$714,059
Total Expenses per Form 990$714,059
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Community Management AssociationCommon Board MembersManagment FeesNo$43,056
Chicago Dwellings AssociationCommon Board MembersPooled InsuranceNo$24,905
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Construction Advances Due to Chicago Dwellings$37,146
Tenant Security Deposits$12,062
Prepaid Rents$5,101
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Cda Midway Plaisance Association
EIN
36-3876937
Phone
6307896709
Address
731 E 60TH STREET, CHICAGO, IL 60637

Signing Officer

Name
Christine Mj Oliver
Title
President-director
Phone
6307896709
Signed
2017-08-07

Organization Details

Principal Officer
C Oliver
Formed
1993
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
17
Volunteers
0

Preparer

Firm
Arthur P Donner CPA
Address
760 NORTH FRONTAGE RD SUITE 105, WILLOWBROOK, IL 60527
Preparer
Arthur P Donner
Phone
6307896709
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Copy circulated to president for board member review

Pt VI, Line 12C

Via communication and board meetings

Pt VI, Line 19

All information provided upon request and financial information provided to hud annually

Form 990EZ, Part I, Line 16

UTILITIES

Form 990EZ, Part I, Line 16

MANAGEMENT FEES

Form 990EZ, Part I, Line 16

BLDG REPAIRS

Form 990EZ, Part I, Line 16

SECURITY

Form 990EZ, Part I, Line 16

AUDIT FEES

Form 990EZ, Part I, Line 16

BOOKKEEPING FEES

Form 990EZ, Part I, Line 16

OFFICE EXPENSES

Form 990EZ, Part I, Line 16

MISC ADMINISTRATIVE

Form 990EZ, Part I, Line 16

TRASH REMOVAL

Form 990EZ, Part I, Line 16

SNOW REMOVAL

Form 990EZ, Part I, Line 16

Vehicle/maintenance equip expense

Form 990EZ, Part I, Line 16

MISC TAXES

Form 990EZ, Part I, Line 16

INSURANCE

Form 990EZ, Part I, Line 16

MISCELLANEOUS FINANCIAL

Form 990EZ, Part II, Line 24

Accounts Receivable - Net

Form 990EZ, Part II, Line 24

Prepaids

Form 990EZ, Part II, Line 24

Investments

Form 990EZ, Part II, Line 24

CAPITALIZED COSTS

Form 990EZ, Part II, Line 24

TENANT SECURITY DEPOSITS

Form 990EZ, Part II, Line 24

RESERVE FOR REPLACEMENT

Form 990EZ, Part II, Line 24

INSURANCE ESCROW

Form 990EZ, Part II, Line 24

Residual receipts reserve

Form 990EZ, Part II, Line 26

Accounts Payable & Accrued Expenses

Form 990EZ, Part II, Line 26

Bonds, Mortgages & Other Notes

Form 990EZ, Part II, Line 26

Construction advances due to chicago dwellings

Form 990EZ, Part II, Line 26

TENANT SECURITY DEPOSITS

Form 990EZ, Part II, Line 26

PREPAID RENT

Form 990EZ, Part II, Line 26

BANK OVERDRAFT

Form 990, Part IX, Line 24E

Trash removal 16513. 16513. 0. 0.

Form 990, Part IX, Line 24E

Operating & maintenance contracts 37145. 37145. 0. 0.

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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt097168
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSTRUCTION ADVANCES DUE TO CHICAGO DWELLINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENTS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1COMMUNITY MANAGEMENT ASSOCIATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD MEMBERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1COMMON BOARD MEMBERS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0POOLED INSURANCE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MANAGMENT FEES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY CIRCULATED TO PRESIDENT FOR BOARD MEMBER REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VIA COMMUNICATION AND BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INFORMATION PROVIDED UPON REQUEST AND FINANCIAL INFORMATION PROVIDED TO HUD ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UTILITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BLDG REPAIRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SECURITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AUDIT FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BOOKKEEPING FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OFFICE EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MISC ADMINISTRATIVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11TRASH REMOVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12SNOW REMOVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13VEHICLE/MAINTENANCE EQUIP EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14MISC TAXES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15INSURANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16MISCELLANEOUS FINANCIAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Accounts Receivable - Net
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Prepaids
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Investments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20CAPITALIZED COSTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21TENANT SECURITY DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22RESERVE FOR REPLACEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23INSURANCE ESCROW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24RESIDUAL RECEIPTS RESERVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26Bonds, Mortgages & Other Notes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27CONSTRUCTION ADVANCES DUE TO CHICAGO DWELLINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28TENANT SECURITY DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29PREPAID RENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30BANK OVERDRAFT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31TRASH REMOVAL 16513. 16513. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32OPERATING & MAINTENANCE CONTRACTS 37145. 37145. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc27Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc28Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc29Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc30Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc31Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc32Form 990, Part IX, Line 24e
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IRS990/StatesWhereCopyOfReturnIsFldCd0IL

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