Civic Intelligence

Erc Properties Foundation

990 • Fiscal year 2015 • EIN 36-4390321

Jul 01, 2014 to Jun 30, 2015 • Filed on May 02, 2016

Organization Profile
3710 N KedzieChicago, IL 60618

(773) 564-9070

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.76x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

7.73x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2015

Net Margin

16th percentile

-39%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

90th percentile

15%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2012 to 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$3,159,449

Down $88,627 (-2.7%) from 2014

Net Assets

Down

$743,280

Down $122,421 (-14%) from 2014

Liabilities

Up

$2,416,169

Up $33,794 (+1.4%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin16th percentile

Revenue

Up

$312,679

Up $33,841 (+12%) from 2014

Expenses

Up

$435,101

Up $27,405 (+6.7%) from 2014

Net Income

Up

-$122,422

Up $6,436 (+5.0%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $2,068,526Liabilities 2012: $1,106,549Net Assets 2012: $961,9772012Assets 2013: $2,178,032Liabilities 2013: $1,183,473Net Assets 2013: $994,5592013Assets 2014: $3,248,076Liabilities 2014: $2,382,375Net Assets 2014: $865,7012014Assets 2015: $3,159,449Liabilities 2015: $2,416,169Net Assets 2015: $743,2802015Assets 2016: $3,066,682Liabilities 2016: $2,358,198Net Assets 2016: $708,4842016Assets 2017: $2,985,805Liabilities 2017: $2,279,151Net Assets 2017: $706,6542017Assets 2018: $3,001,850Liabilities 2018: $2,191,431Net Assets 2018: $810,4192018Assets 2019: $3,418,781Liabilities 2019: $2,715,658Net Assets 2019: $703,1232019Assets 2020: $3,480,007Liabilities 2020: $2,734,524Net Assets 2020: $745,4832020Assets 2021: $3,504,804Liabilities 2021: $2,688,274Net Assets 2021: $816,5302021Assets 2022: $3,602,931Liabilities 2022: $2,639,770Net Assets 2022: $963,1612022Assets 2023: $3,715,777Liabilities 2023: $2,577,704Net Assets 2023: $1,138,0732023Assets 2024: $3,865,103Liabilities 2024: $2,570,399Net Assets 2024: $1,294,7042024

Highlighted filing

2015

Assets$3,159,449
Liabilities$2,416,169
Net Assets$743,280
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2012: $193,1372012Expenses 2013: $227,9052013Revenue 2014: $278,838Expenses 2014: $407,696Net Income 2014: -$128,8582014Revenue 2015: $312,679Expenses 2015: $435,101Net Income 2015: -$122,4222015Revenue 2016: $312,244Expenses 2016: $347,040Net Income 2016: -$34,7962016Revenue 2017: $331,669Expenses 2017: $338,499Net Income 2017: -$6,8302017Revenue 2018: $536,487Expenses 2018: $430,657Net Income 2018: $105,8302018Revenue 2019: $517,918Expenses 2019: $510,922Net Income 2019: $6,9962019Revenue 2020: $480,603Expenses 2020: $451,346Net Income 2020: $29,2572020Revenue 2021: $474,320Expenses 2021: $511,502Net Income 2021: -$37,1822021Revenue 2022: $593,964Expenses 2022: $467,070Net Income 2022: $126,8942022Revenue 2023: $706,672Expenses 2023: $535,448Net Income 2023: $171,2242023Revenue 2024: $704,480Expenses 2024: $552,302Net Income 2024: $152,1782024

Highlighted filing

2015

Revenue$312,679
Expenses$435,101
Net Income-$122,422
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 2, 2016
Return Version
2014v6.0
Gross Receipts
$312,679
Mission and Program Overview

Mission

To own and operate property in support of not for profit entities, specifically rincon family services f/k/a el rincon community clinic a related affiliate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,221,219$3,137,958▼ $83,261
Prepaid Expenses and Deferred Charges$14,009$7,116▼ $6,893
Cash and Non-Interest-Bearing Accounts$2,519$3,958▲ $1,439
Accounts Receivable-$513-
Intangible Assets$751$322▼ $429
Total Assets$3,248,076$3,159,449▼ $88,627
Other Assets Total$9,578$9,582▲ $4
Liabilities
Unsecured Notes Loans Payable$1,681,420$1,601,983▼ $79,437
Other Liabilities$655,954$801,482▲ $145,528
Accounts Payable and Accrued Expenses$45,001$12,704▼ $32,297
Total Liabilities$2,382,375$2,416,169▲ $33,794
Net Assets / Fund Balance
Unrestricted Net Assets$865,701$743,280▼ $122,421
Total Net Assets Fund Balance$865,701$743,280▼ $122,421
Total Liabilities and Net Assets / Fund Balance$3,248,076$3,159,449▼ $88,627

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,137,958$545,659$3,683,617
Land$163,045-$163,045
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseOtherTotal
Rolandeo CorreaPresident$27,000$103,103$130,103

Board Members and Trustees

NameTitle
Armando ReyesChairperson
Alex GarciaSecretary
Eddy BorrayoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$310,700
Investment Income
$1
Other Revenue
$1,978
Change in Net Assets
$-122,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$165,713
Interest---$97,425
Depreciation Depletion---$83,689
Fees for Services Other---$51,961
Other Expenses---$4,500
Office Expenses---$3,025
Total Functional Expenses$0$0$0$435,101
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Loans, Adv, and Payable$800,141
Accrued Payroll, Payroll Taxes, & Va$1,341
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
Yes
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, Page 6, Part VI, Line 11B

“Member of board of directors review”

Form 990, Page 6, Part VI, Line 12C

“Enforcement by board of directors”

Form 990, Page 6, Part VI, Line 15A

“Board of directors reviews”

Form 990, Page 6, Part VI, Line 15B

“Recommendations made by the board of directors”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Erc Properties Foundation
EIN
36-4390321
Phone
7735649070
Address
3710 N KEDZIE, CHICAGO, IL 60618

Signing Officer

Name
Armando Reyes
Title
Board Chair
Phone
7735649070
Signed
2016-05-02

Organization Details

Principal Officer
Armando Reyes
Formed
2000
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
Arthur S Gunn Ltd
Address
910 SKOKIE BLVD STE 115, NORTHBROOK, IL 60062
Preparer
Arthur S Gunn CPA
Phone
8474981597
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants 21,666 0 0 personnel expenses 30,295 0 0”

Form 990, Part XI, Line 9

“ROUNDING 1”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation (erc properties foundation) is exempt from federal income taxes under section 501 (c) (2) respectively of the internal revenue code, except on net income derived from unrelated business activities. The foundation had no unrelated business income. The foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. No 990-t was required to be filed for the years ended june 30, 2013, 2014 or 2015. The foundation's federal exempt organization returns for the years ending june 30, 2012, 2013 and 2014 are subject to examination by the irs, generally for three years after they were filed. Any tax years prior to july 1, 2011 are considered closed. The tax return for the year ended june 30, 2015 has not been filed as of the date of this report and is currently on extension.”

Raw XML Appendix287 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION (ERC PROPERTIES FOUNDATION) IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C) (2) RESPECTIVELY OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. NO 990-T WAS REQUIRED TO BE FILED FOR THE YEARS ENDED JUNE 30, 2013, 2014 OR 2015. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION RETURNS FOR THE YEARS ENDING JUNE 30, 2012, 2013 AND 2014 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ANY TAX YEARS PRIOR TO JULY 1, 2011 ARE CONSIDERED CLOSED. THE TAX RETURN FOR THE YEAR ENDED JUNE 30, 2015 HAS NOT BEEN FILED AS OF THE DATE OF THIS REPORT AND IS CURRENTLY ON EXTENSION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RECOMMENDATIONS MADE BY THE BOARD OF DIRECTORS
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ARMANDO REYES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07735649070
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ERC PROPERTIES FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ERCP
ReturnHeader/Filer/EIN0364390321
ReturnHeader/Filer/PhoneNum07735649070
ReturnHeader/Filer/USAddress/AddressLine1Txt03710 N KEDZIE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060618
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010729456
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARTHUR S GUNN LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0910 SKOKIE BLVD STE 115
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTHBROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060062
ReturnHeader/PreparerPersonGrp/PhoneNum08474981597
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ARTHUR S GUNN CPA
ReturnHeader/ReturnTs02016-05-05T20:24:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,159,449
Liabilities
$2,416,169
Net assets
$743,280
Revenue
$312,679
Expenses
$435,101
Net income
-$122,422
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.87$2.57$1.29$0.70$0.55$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.72$2.58$1.14$0.71$0.54$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.60$2.64$0.96$0.59$0.47$0.13
2021Detailed filing. Detailed filing data is available for this year.$3.50$2.69$0.82$0.47$0.51$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.48$2.73$0.75$0.48$0.45$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.42$2.72$0.70$0.52$0.51$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.00$2.19$0.81$0.54$0.43$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.99$2.28$0.71$0.33$0.34$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.07$2.36$0.71$0.31$0.35$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.16$2.42$0.74$0.31$0.44$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.25$2.38$0.87$0.28$0.41$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$1.18$0.99$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$1.11$0.96$0.19