Civic Intelligence

Erc Properties Foundation

990 • Fiscal year 2023 • EIN 36-4390321

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

Organization Profile
3942 W North AveChicago, IL 60647

(773) 564-9070

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$3,715,777

Up $112,846 (+3.1%) from 2022

Net Assets

Up

$1,138,073

Up $174,912 (+18%) from 2022

Liabilities

Down

$2,577,704

Down $62,066 (-2.4%) from 2022

Revenue And Expenses

Revenue

Up

$706,672

Up $112,708 (+19%) from 2022

Expenses

Up

$535,448

Up $68,378 (+15%) from 2022

Net Income

Up

$171,224

Up $44,330 (+35%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$3,715,777
Liabilities$2,577,704
Net Assets$1,138,073
Open 2023 Filing

Operations Trend

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

2023

Revenue$706,672
Expenses$535,448
Net Income$171,224
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$706,672
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$2,855,937$3,111,122▲ $255,185
Accounts Receivable$291,294$547,465▲ $256,171
Cash and Non-Interest-Bearing Accounts$59,112$39,346▼ $19,766
Other Notes and Loans Receivable, Net$7,310$7,310→ $0
Total Assets$3,602,931$3,715,777▲ $112,846
Other Assets Total$389,278$10,534▼ $378,744
Liabilities
Unsecured Notes Loans Payable$1,615,386$1,514,433▼ $100,953
Other Liabilities$982,736$1,027,061▲ $44,325
Accounts Payable and Accrued Expenses$41,648$36,210▼ $5,438
Total Liabilities$2,639,770$2,577,704▼ $62,066
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$963,161$1,138,073▲ $174,912
Total Net Assets Fund Balance$963,161$1,138,073▲ $174,912
Total Liabilities and Net Assets / Fund Balance$3,602,931$3,715,777▲ $112,846

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,675,530$2,113,937$4,789,467
Land$435,592-$435,592
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edith FelicianoChairperson
Eddy BorrayoCEO
Josephine PachechoSecretary
Bruce DomashTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$706,672
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$171,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$535,448
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
Office Expenses$160,470--$160,470
Fees for Services Other$155,193--$155,193
Depreciation Depletion$131,427--$131,427
Interest$88,358--$88,358
Total Functional Expenses$535,448$0$0$535,448
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$1,022,711
Security Deposits$4,350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, 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
3942 W NORTH AVE, CHICAGO, IL 60647

Signing Officer

Name
Eddy Borrayo
Title
CEO
Phone
7735649070
Signed
2024-05-09

Organization Details

Principal Officer
Eddy Borrayo
Formed
2000
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Arthur S Gunn Ltd
Address
900 SKOKIE BLVD STE 207, NORTHBROOK, IL 60062-4031
Preparer
Arthur S Gunn CPA
Phone
8476071040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“OTHER & MISC 155,193 0 0”

Form 990, Part XI, Line 9

“Absorption of affiliate 0 rounding -1 total -1”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization 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 for the year ended june 30, 2023. The organization 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 organization's federal exempt organization returns us form 990, for the years ending june 30, 2020, 2021 and 2022 are subject to examination by the irs, generally for three years after they were filed. The organization has not been notified of any federal or state examinations, and therefore, all tax years prior to july 1, 2019 are considered closed. The tax return for the year ended june 30, 2023 is on extension and due on may 15, 2024.”

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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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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BORRAYO
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,715,777
Liabilities
$2,577,704
Net assets
$1,138,073
Revenue
$706,672
Expenses
$535,448
Net income
$171,224
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