Civic Intelligence

Erc Properties Foundation

990 • Fiscal year 2016 • EIN 36-4390321

Jul 01, 2015 to Jun 30, 2016 • Filed on May 04, 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

0.77x

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

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

7.55x

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

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M 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

30th percentile

-2.9%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

-0.1%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$3,066,682

Down $92,767 (-2.9%) from 2015

Net Assets

Down

$708,484

Down $34,796 (-4.7%) from 2015

Liabilities

Down

$2,358,198

Down $57,971 (-2.4%) from 2015

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin23rd percentile

Revenue

Down

$312,244

Down $435 (-0.1%) from 2015

Expenses

Down

$347,040

Down $88,061 (-20%) from 2015

Net Income

Up

-$34,796

Up $87,626 (+72%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2016

Assets$3,066,682
Liabilities$2,358,198
Net Assets$708,484
Open 2016 Filing

Operations Trend

Revenue Growth43rd percentile

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

2016

Revenue$312,244
Expenses$347,040
Net Income-$34,796
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 4, 2016
Return Version
2015v3.0
Gross Receipts
$312,244
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$3,137,958$3,054,698▼ $83,260
Cash and Non-Interest-Bearing Accounts$3,958--
Prepaid Expenses and Deferred Charges$7,116$1,895▼ $5,221
Accounts Receivable$513$513→ $0
Intangible Assets$322--
Total Assets$3,159,449$3,066,682▼ $92,767
Other Assets Total$9,582$9,576▼ $6
Liabilities
Unsecured Notes Loans Payable$1,601,983$1,765,095▲ $163,112
Other Liabilities$801,482$576,101▼ $225,381
Accounts Payable and Accrued Expenses$12,704$17,002▲ $4,298
Total Liabilities$2,416,169$2,358,198▼ $57,971
Net Assets / Fund Balance
Unrestricted Net Assets$743,280$708,484▼ $34,796
Total Net Assets Fund Balance$743,280$708,484▼ $34,796
Total Liabilities and Net Assets / Fund Balance$3,159,449$3,066,682▼ $92,767

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,553,900-$2,553,900
Leasehold Improvements$66,753$628,919$695,672
Land$434,045-$434,045
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Armando ReyesChairperson
Rolandeo CorreaPresident
Alex GarciaSecretary
Eddy BorrayoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$298,700
Investment Income
$0
Other Revenue
$13,544
Change in Net Assets
$-34,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$347,040
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$120,053--$120,053
Interest$95,329--$95,329
Depreciation Depletion$83,585--$83,585
Fees for Services Other$36,095--$36,095
Conferences and Meetings$6,748--$6,748
Office Expenses$2,857--$2,857
Travel$2,371--$2,371
Other Expenses$2--$2
Total Functional Expenses$347,040$0$0$347,040
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$559,758
Overdraft$11,770
Deposits$4,350
Accrued Payroll, Payroll Taxes, & Va$223
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 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
Alex Garcia
Title
Secretary
Phone
7735649070
Signed
2016-05-04

Organization Details

Principal Officer
Alex Garcia
Formed
2000
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
3

Preparer

Firm
Arthur S Gunn Ltd
Address
900 SKOKIE BLVD STE 207, NORTHBROOK, IL 60062-4031
Preparer
Arthur S Gunn CPA
Phone
8474981597
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants 6,450 0 0 personnel expenses 29,645 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“Erc properties foundation is exempt from federal income taxes under section 501 (c) (2) of the internal revenue code, except on net income derived from unrelated business activities. The organization had no unrelated business income. The organization and 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. The foundation's federal exempt organization returns for the years ending june 30, 2013, 2014 and 2015 are subject to examination by the irs, generally for three years after they were filed. Any tax years prior to july 1, 2012 are considered closed. The tax return for the year ended june 30, 2016 has not been filed as of the date of this report and is currently on extension.”

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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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IRS990/USAddress/ZIPCd060651
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEX GARCIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum07735649070
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-04
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/PreparerFirmName/BusinessNameLine1Txt0ARTHUR S GUNN LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900 SKOKIE BLVD STE 207
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTHBROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0600624031
ReturnHeader/PreparerPersonGrp/PhoneNum08474981597
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ARTHUR S GUNN CPA
ReturnHeader/ReturnTs02017-05-08T13:25:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,066,682
Liabilities
$2,358,198
Net assets
$708,484
Revenue
$312,244
Expenses
$347,040
Net income
-$34,796
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