Civic Intelligence

Jane Addams Delta Development

990 • Fiscal year 2022 • EIN 36-3882800

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 27, 2023

4432 N Ravenswood AvenueChicago, IL 60640

(773) 880-8460

Siviq Scores

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

Liabilities / Assets

89th percentile

0.70x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

1.70x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

66th percentile

16%

Higher net margin than 66% of similar nonprofits.

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

Top Officer Pay

41st percentile

$17,917

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

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

Asset Growth

54th percentile

2.7%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

77th percentile

37%

Faster revenue growth than 77% of similar nonprofits.

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

Assets

Up

$1,259,512

Up $32,906 (+2.7%) from 2021

Net Assets

Up

$381,704

Up $84,836 (+29%) from 2021

Liabilities

Down

$877,808

Down $51,930 (-5.6%) from 2021

Revenue

Up

$517,696

Up $139,736 (+37%) from 2021

Expenses

Up

$432,860

Up $81,549 (+23%) from 2021

Net Income

Up

$84,836

Up $58,187 (+218%) from 2021

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 2017: $1,415,698Liabilities 2017: $1,146,025Net Assets 2017: $269,6732017Assets 2018: $1,496,913Liabilities 2018: $1,123,427Net Assets 2018: $373,4862018Assets 2019: $1,397,070Liabilities 2019: $1,375,739Net Assets 2019: $21,3312019Assets 2020: $1,127,133Liabilities 2020: $867,852Net Assets 2020: $259,2812020Assets 2021: $1,226,606Liabilities 2021: $929,738Net Assets 2021: $296,8682021Assets 2022: $1,259,512Liabilities 2022: $877,808Net Assets 2022: $381,7042022Assets 2023: $1,290,602Liabilities 2023: $890,076Net Assets 2023: $400,5262023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$1,259,512
Liabilities$877,808
Net Assets$381,704

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $414,074Expenses 2017: $426,044Net Income 2017: -$11,9702017Revenue 2018: $584,269Expenses 2018: $480,456Net Income 2018: $103,8132018Revenue 2019: $564,706Expenses 2019: $616,861Net Income 2019: -$52,1552019Revenue 2020: $691,942Expenses 2020: $453,992Net Income 2020: $237,9502020Revenue 2021: $377,960Expenses 2021: $351,311Net Income 2021: $26,6492021Revenue 2022: $517,696Expenses 2022: $432,860Net Income 2022: $84,8362022Revenue 2023: $421,397Expenses 2023: $402,575Net Income 2023: $18,8222023Revenue 2024: $389,522Expenses 2024: $432,843Net Income 2024: -$43,3212024

Highlighted filing

2022

Revenue$517,696
Expenses$432,860
Net Income$84,836
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 27, 2023
Return Version
2021v4.2
Gross Receipts
$517,696
Mission and Program Overview

Mission

Develop, manage & lease an industrial building in a chicago neighborhood in order to retain & foster development of manufacturing jobs

To develop, manage & lease an industrial building in a chicago neighborhood in order to retain & foster development of manufacturing jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$432,537$432,537→ $0
Land, Buildings, and Equipment, Net$442,349$415,248▼ $27,101
Cash and Non-Interest-Bearing Accounts$319,931$375,521▲ $55,590
Accounts Receivable$2,956$5,090▲ $2,134
Prepaid Expenses and Deferred Charges$400$400→ $0
Total Assets$1,226,606$1,259,512▲ $32,906
Other Assets Total$28,433$30,716▲ $2,283
Liabilities
Mortgage Notes Payable Secured by Investment Property$745,565$727,263▼ $18,302
Accounts Payable and Accrued Expenses$113,802$85,667▼ $28,135
Other Liabilities$70,371$64,878▼ $5,493
Total Liabilities$929,738$877,808▼ $51,930
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$296,868$381,704▲ $84,836
Total Net Assets Fund Balance$296,868$381,704▲ $84,836
Total Liabilities and Net Assets / Fund Balance$1,226,606$1,259,512▲ $32,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$355,248$1,337,403$1,692,651
Land$60,000-$60,000
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Tammy PhillipsChair$6,250$11,667$17,917

Board Members and Trustees

NameTitle
Paul ShadleSecretary
Brett MuellerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$517,696
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$84,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$517,696
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$517,696
Total Revenue per Form 990
$517,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$375,286
Grants and Similar Amounts Paid$57,574
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$57,574--$57,574
Interest$39,799--$39,799
Depreciation Depletion$36,889--$36,889
Fees for Services Other-$33,514-$33,514
Fees for Services Management-$21,260-$21,260
Other Expenses$30,600$13,485-$13,485
Insurance$12,952--$12,952
All Other Expenses$5,630--$5,630
Total Functional Expenses$364,601$68,259$0$432,860

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$432,860
Total Expenses per Audited Statements$432,860
Total Expenses per Form 990$432,860
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
Security Deposits$56,790
Due to Affiliate - Jarc$8,088
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 B, Line 11B

A detail review is performed by management and the members of the finance committee, a copy of the 990 is made available to all board members prior to filing.

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

The organization requires all members of the board of directors to sign a conflict of interest disclosure form on an annual basis.

Form 990, Part VI, Section B, Line 15A

The organization's ceo is compensated by a related organization, which in turn bills the organization for management fees. The compensation is approved by the board. Minutes are kept documenting the approval process.

Form 990, Part VI, Section C, Line 18

All documents are available upon request

Form 990, Part VI, Section C, Line 19

All documents are available upon request

Filing and Contact Details

Filer

Filer Name
Jane Addams Delta Development
EIN
36-3882800
Phone
7738808460
Address
4432 N RAVENSWOOD AVENUE, CHICAGO, IL 60640

Signing Officer

Name
Tammy Phillips
Title
Treasurer
Phone
7732350200
Signed
2023-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Conklin
Formed
1993
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Sassetti LLC
Address
2107 SWIFT DRIVE SUITE 210, OAK BROOK, IL 60523
Preparer
Jeff Schroeder
Phone
7083861433
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The audit oversight process has not changed from the prior year.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PRIMARY MISSION OF THE ORGANIZATION IS TO RAISE FUNDS TO SUPPORT JANE ADDAMS RESOURCE CENTER (THE SUPPORTED ORGANIZATION OF JANE ADDAMS DELTA DEVELOPMENT CORPORATION). ALL ACTIVITIES THAT THE ORGANIZATION IS ENGAGED IN ARE TO FURTHER THAT MISSION.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0JANE ADDAMS DELTA DEVELOPMENT WAS FORMED AS A SUPPORT ORGANIZATION, THAT IS ESTABLISHED AND OPERATES EXCLUSIVELY FOR THE BENEFIT OF JANE ADDAMS RESOURCE CORPORATION UNDER SECTION 509(C) OF THE INTERNAL REVENUE CODE. ALL GRANT FUNDS ARE GIVEN FOR GENERAL OPERATING PURPOSES. JANE ADDAMS RESOURCE CORPORATION IS ALSO SUBJECT TO AN ANNUAL AUDIT BY AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DETAIL REVIEW IS PERFORMED BY MANAGEMENT AND THE MEMBERS OF THE FINANCE COMMITTEE, A COPY OF THE 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES ALL MEMBERS OF THE BOARD OF DIRECTORS TO SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED ORGANIZATION, WHICH IN TURN BILLS THE ORGANIZATION FOR MANAGEMENT FEES. THE COMPENSATION IS APPROVED BY THE BOARD. MINUTES ARE KEPT DOCUMENTING THE APPROVAL PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0JANE ADDAMS RESOURCE CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1JANE ADDAMS DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0363682559
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1363731161
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0VOCATIONAL TRAINING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1COMMERCIAL REAL ESTATE LEASING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 12D, III-O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04432 RAVENSWOOD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt14432 RAVENSWOOD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060640
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd160640
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt057574
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0JANE ADDAMS RESOURCE CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01226606
IRS990/TotalAssetsEOYAmt01259512
IRS990/TotalAssetsGrp/BOYAmt01226606
IRS990/TotalAssetsGrp/EOYAmt01259512
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068259
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0364601
IRS990/TotalFunctionalExpensesGrp/TotalAmt0432860
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0929738
IRS990/TotalLiabilitiesEOYAmt0877808
IRS990/TotalLiabilitiesGrp/BOYAmt0929738
IRS990/TotalLiabilitiesGrp/EOYAmt0877808
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0296868
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0381704
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0364601
IRS990/TotalProgramServiceRevenueAmt0517696
IRS990/TotalReportableCompFromOrgAmt06250
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0517696
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0517696
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01226606
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01259512
IRS990/TotReportableCompRltdOrgAmt011667
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04432 N RAVENSWOOD AVENUE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060640
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.JANE-ADDAMS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TAMMY PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07732350200
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JANE ADDAMS DELTA DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0JANE
ReturnHeader/Filer/EIN0363882800
ReturnHeader/Filer/PhoneNum07738808460
ReturnHeader/Filer/USAddress/AddressLine1Txt04432 N RAVENSWOOD AVENUE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060640

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