Civic Intelligence

Lake View Towers Residents Association Inc.

990 • Fiscal year 2017 • EIN 36-3971142

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 27, 2018

Organization ProfileN/A
C/O Lmci 5618 N Milwaukee AveChicago, IL 60646

(773) 286-5400

Siviq Scores

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

Liabilities / Assets

96th percentile

1.14x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

5.80x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

21st percentile

-4.0%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

21st percentile

-2.1%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

33rd percentile

0.1%

Faster revenue growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$35,581,599

Down $760,619 (-2.1%) from 2016

Net Assets

Down

-$4,988,655

Down $282,747 (-6.0%) from 2016

Liabilities

Down

$40,570,254

Down $477,872 (-1.2%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin21st percentile

Revenue

Up

$6,991,909

Up $9,745 (+0.1%) from 2016

Expenses

Down

$7,274,656

Down $146,575 (-2.0%) from 2016

Net Income

Up

-$282,747

Up $156,320 (+36%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$100M$50M$0-$50MAssets 2016: $36,342,218Liabilities 2016: $41,048,126Net Assets 2016: -$4,705,9082016Assets 2017: $35,581,599Liabilities 2017: $40,570,254Net Assets 2017: -$4,988,6552017Assets 2018: $35,412,357Liabilities 2018: $40,249,920Net Assets 2018: -$4,837,5632018Assets 2019: $60,938,090Liabilities 2019: $66,912,856Net Assets 2019: -$5,974,7662019Assets 2020: $60,286,859Liabilities 2020: $66,347,560Net Assets 2020: -$6,060,7012020Assets 2021: $58,558,713Liabilities 2021: $64,951,733Net Assets 2021: -$6,393,0202021Assets 2022: $45,962,939Liabilities 2022: $64,018,050Net Assets 2022: -$18,055,1112022Assets 2023: $45,032,987Liabilities 2023: $63,483,377Net Assets 2023: -$18,450,3902023Assets 2024: $43,298,271Liabilities 2024: $61,466,373Net Assets 2024: -$18,168,1022024

Highlighted filing

2017

Assets$35,581,599
Liabilities$40,570,254
Net Assets-$4,988,655
Open 2017 Filing

Operations Trend

Revenue Growth33rd percentile

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

$30M$20M$10M$0-$10M-$20MRevenue 2016: $6,982,164Expenses 2016: $7,421,231Net Income 2016: -$439,0672016Revenue 2017: $6,991,909Expenses 2017: $7,274,656Net Income 2017: -$282,7472017Revenue 2018: $7,313,114Expenses 2018: $7,162,022Net Income 2018: $151,0922018Revenue 2019: $9,247,590Expenses 2019: $8,955,663Net Income 2019: $291,9272019Revenue 2020: $9,028,041Expenses 2020: $9,113,976Net Income 2020: -$85,9352020Revenue 2021: $9,007,735Expenses 2021: $9,340,054Net Income 2021: -$332,3192021Revenue 2022: $9,205,558Expenses 2022: $20,867,649Net Income 2022: -$11,662,0912022Revenue 2023: $9,354,049Expenses 2023: $9,749,328Net Income 2023: -$395,2792023Revenue 2024: $10,686,240Expenses 2024: $10,403,952Net Income 2024: $282,2882024

Highlighted filing

2017

Revenue$6,991,909
Expenses$7,274,656
Net Income-$282,747
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 27, 2018
Return Version
2017v2.2
Gross Receipts
$6,991,909
Mission and Program Overview

Mission

To provide and maintain safe and affordable housing for low to moderate income individuals and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,736,376$31,450,235▼ $1,286,141
Intangible Assets$457,894$444,662▼ $13,232
Cash and Non-Interest-Bearing Accounts$84,483$387,542▲ $303,059
Prepaid Expenses and Deferred Charges$149,442$171,670▲ $22,228
Accounts Receivable$50,588$24,575▼ $26,013
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$36,342,218$35,581,599▼ $760,619
Other Assets Total$2,863,435$3,102,915▲ $239,480
Liabilities
Mortgage Notes Payable Secured by Investment Property$38,253,992$37,747,927▼ $506,065
Other Liabilities$2,370,025$2,476,767▲ $106,742
Accounts Payable and Accrued Expenses$424,109$345,560▼ $78,549
Total Liabilities$41,048,126$40,570,254▼ $477,872
Net Assets / Fund Balance
Unrestricted Net Assets$-4,705,908$-4,988,655▼ $282,747
Total Net Assets Fund Balance$-4,705,908$-4,988,655▼ $282,747
Total Liabilities and Net Assets / Fund Balance$36,342,218$35,581,599▼ $760,619

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,726,600$23,650,037$53,376,637
Land$1,550,000-$1,550,000
Equipment$60,170$984,404$1,044,574
Other Land Buildings$60,924$404,039$464,963
Leasehold Improvements$52,541$37,522$90,063
Other Assets Org$235,331--
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Stephen SomuahPresident
Serafim KoganVice President
Lena McclellanDirector
Peter MaziyaDirector
Rashid ShaikhDirector
Valeda WilliamsDirector
Diane SantucciSecretary/Treas

Highest Paid Contractors

ContractorServicesLocationCompensation
Leasing & Management Company INCProperty Management5618 N MILWAUKEE AVE, Chicago, IL 60646$376,093
Allied UniversalSecurity500 N MICHIGAN AVE, Chicago, IL 60611$370,783
Preza Construction INCConstruction3913 FARGO AVE, Slokie, IL 60076$212,171
Broadbank ConceptsCable4550 N CLARENDON AVE, Chicago, IL 60640$165,764
Illinois GlassworksGlass Installation1814 PICKWICK AVE, Glenview, IL 60026$147,871
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,768,988
Investment Income
$1,225
Other Revenue
$221,696
Change in Net Assets
$-282,747

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,991,909
Total Revenue per Audited Statements
$6,991,909
Total Revenue per Form 990
$6,991,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,387,336
Salaries, Compensation, and Employee Benefits$887,320
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,031,026--$2,031,026
Interest$990,488--$990,488
All Other Expenses$847,991--$847,991
Other Salaries and Wages$677,923--$677,923
Fees for Services Management$376,093--$376,093
Other Expenses$287,245--$287,245
Fees for Services Legal$167,859--$167,859
Other Employee Benefits$145,423--$145,423
Insurance$127,775--$127,775
Office Expenses$66,222--$66,222
Payroll Taxes$63,974--$63,974
Fees for Services Accounting$9,800--$9,800
Total Functional Expenses$7,274,656$0$0$7,274,656

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,274,656
Total Expenses per Audited Statements$7,274,656
Total Expenses per Form 990$7,274,656
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$1,850,186
Accrued Real Estate Taxes$345,700
Tenant Security Deposits$216,794
Accrued Management Fees$30,700
Prepaid Rents$16,861
Accrued Payroll$16,526
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
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, Line 3: Description of Delegated Duties to Management Company

“Property management of building owned by Association”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board is provided a review copy.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Officers and directors are volunteers. Personnel are all employees of professional real estate management company that provides management services to the Association pursuant to an agreement approved by HUD.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Available at Board's building office and from management company”

Filing and Contact Details

Filer

Filer Name
Lake View Towers
EIN
36-3971142
Phone
7732865400
Address
C/O LMCI 5618 N MILWAUKEE AVE, CHICAGO, IL 60646

Signing Officer

Name
Stephen Somuah
Title
President
Signed
2018-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Somuah
Formed
2004
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
20

Preparer

Firm
Wieland & Company Inc Cpas
Address
201 HOUSTON STREET SUITE 301, BATAVIA, IL 60510
Preparer
Paul H Wieland
Phone
6304064490
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“BAD DEBTS (Net recoveries): Column (A) - Total = $23800; Column (B) - Program Services = $23800; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“BOARD EXPENSES: Column (A) - Total = $35403; Column (B) - Program Services = $35403; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“ELECTRICITY: Column (A) - Total = $143566; Column (B) - Program Services = $143566; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“FITNESS ROOM EXPENSE: Column (A) - Total = $431; Column (B) - Program Services = $431; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“GARBAGE REMOVAL: Column (A) - Total = $52786; Column (B) - Program Services = $52786; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“GAS: Column (A) - Total = $239309; Column (B) - Program Services = $239309; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HVAC: Column (A) - Total = $22731; Column (B) - Program Services = $22731; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“MISCELLANEOUS FINANCIAL: Column (A) - Total = $2750; Column (B) - Program Services = $2750; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“MISCELLANEOUS OPERATING: Column (A) - Total = $939; Column (B) - Program Services = $939; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“MISCELLANEOUS TAXES AND INSUR.: Column (A) - Total = $2420; Column (B) - Program Services = $2420; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“MORTGAGE INSURANCE PREMIUMS: Column (A) - Total = $149352; Column (B) - Program Services = $149352; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“OPERATING SUPPLIES: Column (A) - Total = $77359; Column (B) - Program Services = $77359; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“OTHER RENTING EXPENSES: Column (A) - Total = $3506; Column (B) - Program Services = $3506; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“RENT FREE UNIT, OPERATING: Column (A) - Total = $23448; Column (B) - Program Services = $23448; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“SOCIAL PROGRAMMING: Column (A) - Total = $70191; Column (B) - Program Services = $70191; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is tax exempt under Internal Revenue Code Section 501 (c) (3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more likely than not, based on technical merits, that the position will be sustained upon examination. As of December 31, 2017, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 552 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0424109
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0345560
IRS990/AccountsReceivableGrp/BOYAmt050588
IRS990/AccountsReceivableGrp/EOYAmt024575
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE AND MAINTAIN SAFE AND AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0847991
IRS990/AllOtherExpensesGrp/TotalAmt0847991
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0LEASING AND MANAGEMENT CO INC
IRS990/BooksInCareOfDetail/PhoneNum07732865400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05618 N MILWAUKEE AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060646
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt084483
IRS990/CashNonInterestBearingGrp/EOYAmt0387542
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0376093
IRS990/ContractorCompensationGrp/CompensationAmt1165764
IRS990/ContractorCompensationGrp/CompensationAmt2212171
IRS990/ContractorCompensationGrp/CompensationAmt3370783
IRS990/ContractorCompensationGrp/CompensationAmt4147871
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt05618 N MILWAUKEE AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt14550 N CLARENDON AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt23913 FARGO AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3500 N MICHIGAN AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt41814 PICKWICK AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2SLOKIE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4GLENVIEW
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060646
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160640
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd260076
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd360611
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd460026
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0LEASING & MANAGEMENT COMPANY INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1BROADBANK CONCEPTS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2PREZA CONSTRUCTION INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3ALLIED UNIVERSAL
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4ILLINOIS GLASSWORKS
IRS990/ContractorCompensationGrp/ServicesDesc0PROPERTY MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc1CABLE
IRS990/ContractorCompensationGrp/ServicesDesc2CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc3SECURITY
IRS990/ContractorCompensationGrp/ServicesDesc4GLASS INSTALLATION
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01225
IRS990/CYOtherExpensesAmt06387336
IRS990/CYOtherRevenueAmt0221696
IRS990/CYProgramServiceRevenueAmt06768988
IRS990/CYRevenuesLessExpensesAmt0-282747
IRS990/CYSalariesCompEmpBnftPaidAmt0887320
IRS990/CYTotalExpensesAmt07274656
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06991909
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02031026
IRS990/DepreciationDepletionGrp/TotalAmt02031026
IRS990/Desc0OPERATED AND MAINTAINED LAKE VIEW TOWERS, A 500-UNIT AFFORDABLE HOUSING PROJECT IN CHICAGO. DURING THE REPORTING PERIOD THE ORGANIZATION OPERATED THE PROPERTY FOR THE BENEFIT OF LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt07274656
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09800
IRS990/FeesForServicesAccountingGrp/TotalAmt09800
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0167859
IRS990/FeesForServicesLegalGrp/TotalAmt0167859
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0376093
IRS990/FeesForServicesManagementGrp/TotalAmt0376093
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHEN SOMUAH
IRS990/Form990PartVIISectionAGrp/PersonNm1SERAFIM KOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm2DIANE SANTUCCI
IRS990/Form990PartVIISectionAGrp/PersonNm3VALEDA WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm4PETER MAZIYA
IRS990/Form990PartVIISectionAGrp/PersonNm5RASHID SHAIKH
IRS990/Form990PartVIISectionAGrp/PersonNm6LENA MCCLELLAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06991909
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0127775
IRS990/InsuranceGrp/TotalAmt0127775
IRS990/IntangibleAssetsGrp/BOYAmt0457894
IRS990/IntangibleAssetsGrp/EOYAmt0444662
IRS990/InterestGrp/ProgramServicesAmt0990488
IRS990/InterestGrp/TotalAmt0990488
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01225
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01225
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt025076002
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032736376
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031450235
IRS990/LandBldgEquipCostOrOtherBssAmt056526237
IRS990/LegalDomicileStateCd0IL
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE AND MAINTAIN SAFE AND AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt038253992
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt037747927
IRS990/NetAssetsOrFundBalancesBOYAmt0-4705908
IRS990/NetAssetsOrFundBalancesEOYAmt0-4988655
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt066222
IRS990/OfficeExpensesGrp/TotalAmt066222
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02863435
IRS990/OtherAssetsTotalGrp/EOYAmt03102915
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0145423
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0145423
IRS990/OtherExpensesGrp/Desc0OPERATING CONTRACTS
IRS990/OtherExpensesGrp/Desc1SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3WATER AND SEWER
IRS990/OtherExpensesGrp/ProgramServicesAmt0577295
IRS990/OtherExpensesGrp/ProgramServicesAmt1537618
IRS990/OtherExpensesGrp/ProgramServicesAmt2367924
IRS990/OtherExpensesGrp/ProgramServicesAmt3287245
IRS990/OtherExpensesGrp/TotalAmt0577295
IRS990/OtherExpensesGrp/TotalAmt1537618
IRS990/OtherExpensesGrp/TotalAmt2367924
IRS990/OtherExpensesGrp/TotalAmt3287245
IRS990/OtherLiabilitiesGrp/BOYAmt02370025
IRS990/OtherLiabilitiesGrp/EOYAmt02476767
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc1PARKING
IRS990/OtherRevenueMiscGrp/Desc2TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt063905
IRS990/OtherRevenueMiscGrp/ExclusionAmt1140926
IRS990/OtherRevenueMiscGrp/ExclusionAmt216865
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt063905
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1140926
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt216865
IRS990/OtherRevenueTotalAmt0221696
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0677923
IRS990/OtherSalariesAndWagesGrp/TotalAmt0677923
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt063974
IRS990/PayrollTaxesGrp/TotalAmt063974
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0149442
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0171670
IRS990/PrincipalOfficerNm0STEPHEN SOMUAH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06768988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06768988
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01049
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06553623
IRS990/PYOtherRevenueAmt0217906
IRS990/PYProgramServiceRevenueAmt06763209
IRS990/PYRevenuesLessExpensesAmt0-439067
IRS990/PYSalariesCompEmpBnftPaidAmt0867608
IRS990/PYTotalExpensesAmt07421231
IRS990/PYTotalRevenueAmt06982164
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-282747
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01225
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01049
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02337
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02897
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08675
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06768988
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt06763209
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06690273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06820048
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06679224
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt033721742
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02337
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02897
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08675
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0221696
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0217906
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0196075
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0195998
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0194073
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01025748
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97020
IRS990ScheduleA/PublicSupportPY509Pct00.97790
IRS990ScheduleA/PublicSupportTotal509Amt033721742
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt06768988
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt06763209
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt06690273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06820048
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06679224
IRS990ScheduleA/Total509Grp/TotalAmt033721742
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06991909
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt06982164
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06887515
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt07018383
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06876194
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt034756165
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt029726600
IRS990ScheduleD/BuildingsGrp/DepreciationAmt023650037
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt053376637
IRS990ScheduleD/EquipmentGrp/BookValueAmt060170
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0984404
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01044574
IRS990ScheduleD/ExpensesSubtotalAmt07274656
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01550000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01550000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt052541
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt037522
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt090063
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0109875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1272051
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22485658
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3235331
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION FUND RESERVE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,581,599
Liabilities
$40,570,254
Net assets
-$4,988,655
Revenue
$6,991,909
Expenses
$7,274,656
Net income
-$282,747
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$43.3$61.5$18.2$10.7$10.4$0.28
2023Detailed filing. Detailed filing data is available for this year.$45.0$63.5$18.5$9.35$9.75$0.40
2022Detailed filing. Detailed filing data is available for this year.$46.0$64.0$18.1$9.21$20.9$11.7
2021Detailed filing. Detailed filing data is available for this year.$58.6$65.0$6.39$9.01$9.34$0.33
2020Detailed filing. Detailed filing data is available for this year.$60.3$66.3$6.06$9.03$9.11$0.09
2019Detailed filing. Detailed filing data is available for this year.$60.9$66.9$5.97$9.25$8.96$0.29
2018Detailed filing. Detailed filing data is available for this year.$35.4$40.2$4.84$7.31$7.16$0.15
2017Detailed filing. Detailed filing data is available for this year.$35.6$40.6$4.99$6.99$7.27$0.28
2016Detailed filing. Detailed filing data is available for this year.$36.3$41.0$4.71$6.98$7.42$0.44