Civic Intelligence

YMCA of Metropolitan Chicago Foundation for Washington Park

EIN 36-4440509 • 501(c)3 • Chicago, IL

Profile

Provides the elderly and handicapped persons with affordable housing facilities and related services under section 8 housing assistance agreement with the department of housing and urban development.

1030 W Van BurenChicago, IL 60607

n/a

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $5,793,611 (-100%) from 2019

Liabilities

Down

$0

Down $7,366,469 (-100%) from 2019

Net Assets

Up

$0

Up $1,572,858 (+100%) from 2019

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $319,792 (-100%) from 2019

Expenses

Down

$0

Down $455,227 (-100%) from 2019

Net Income

Up

$0

Up $135,435 (+100%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2015: $6,139,891Liabilities 2015: $7,213,141Net Assets 2015: -$1,073,2502015Assets 2016: $6,001,042Liabilities 2016: $7,301,879Net Assets 2016: -$1,300,8372016Assets 2017: $5,974,002Liabilities 2017: $7,357,563Net Assets 2017: -$1,383,5612017Assets 2018: $5,709,837Liabilities 2018: $7,147,260Net Assets 2018: -$1,437,4232018Assets 2019: $5,793,611Liabilities 2019: $7,366,469Net Assets 2019: -$1,572,8582019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $734,104Expenses 2015: $848,472Net Income 2015: -$114,3682015Revenue 2016: $734,968Expenses 2016: $962,555Net Income 2016: -$227,5872016Revenue 2017: $865,824Expenses 2017: $948,548Net Income 2017: -$82,7242017Revenue 2018: $746,054Expenses 2018: $799,916Net Income 2018: -$53,8622018Revenue 2019: $319,792Expenses 2019: $455,227Net Income 2019: -$135,4352019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2020

Revenue$0
Expenses$0
Net Income$0
Open 2020 Filing

Filings

Most recent year

2020 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.79$7.37$1.57$0.32$0.46$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.71$7.15$1.44$0.75$0.80$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.97$7.36$1.38$0.87$0.95$0.08
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.00$7.30$1.30$0.73$0.96$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.14$7.21$1.07$0.73$0.85$0.11
Latest Detailed Filing

The latest 2020 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 23, 2020
Return Version
2019v5.1
Gross Receipts
$319,792
Mission and Program Overview

Mission

Provides the elderly and handicapped persons with affordable housing facilities and related services under section 8 housing assistance agreement with the department of housing and urban development.

Provides the elderly and handicapped persons with facilities and related services under section 8 programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,570,042$4,501,822▼ $68,220
Cash and Non-Interest-Bearing Accounts$207,318$76,783▼ $130,535
Prepaid Expenses and Deferred Charges-$1,339-
Total Assets$5,709,837$5,793,611▲ $83,774
Other Assets Total$932,477$1,213,667▲ $281,190
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,027,000$7,027,000→ $0
Accounts Payable and Accrued Expenses$103,951$323,162▲ $219,211
Other Liabilities$16,309$16,307▼ $2
Total Liabilities$7,147,260$7,366,469▲ $219,209
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,437,423$-1,572,858▼ $135,435
Total Net Assets Fund Balance$-1,437,423$-1,572,858▼ $135,435
Total Liabilities and Net Assets / Fund Balance$5,709,837$5,793,611▲ $83,774

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,970,930$2,400,265$6,371,195
Land$530,892-$530,892
Equipment$0$55,814$55,814
Other Assets Org$215,943--
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Richard MaloneCEO and President
Cherese LedetDirector
Allen J CiznerOutgoing Director
Benno C FriedrichOutgoing Director
Fred C Matthews IiiOutgoing Director
James HhayesOutgoing Director
Margaret HoytOutgoing Director
Stanley NitzbergOutgoing Director
Julie a BurkeTreasurer and Asst Secy.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$315,438
Investment Income
$4,354
Other Revenue
$0
Change in Net Assets
$-135,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$319,792
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$319,792
Total Revenue per Form 990
$319,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$455,227
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
Depreciation Depletion$68,220--$68,220
Fees for Services Management$52,567--$52,567
Other Expenses$51,937--$51,937
Occupancy$24,819--$24,819
Office Expenses$16,671$629-$17,300
Insurance$12,211--$12,211
Fees for Services Accounting-$8,465-$8,465
Conferences and Meetings$81--$81
Total Functional Expenses$446,133$9,094$0$455,227

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$455,227
Total Expenses per Audited Statements$455,227
Total Expenses per Form 990$455,227
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
Tenant Security Deposits$16,307
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Under the terms of a management agreement between the washington park foundation and the young men's christian association of metropolitan chicago ("the association"), the association is the exclusive agent for management of the project. For its services, the association receives a monthly fee in the amount of $66.56 per unit per month based on the current agreement effective 2014.”

Form 990, Part VI, Section B, Line 11B

“The foundation's treasurer and senior accountant review the annual form 990. A full copy of the 990 is provided to the board prior to filing with the irs.”

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

“All officers and directors must disclose any and all potential conflicts. Officers and directors certify their understanding and adherence to the policy annually.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy and certain financial statements available to the public by providing copies upon request.”

Filing and Contact Details

Filer

Filer Name
Ymca of Metropolitan Chicago
EIN
36-4440509
Phone
3129321200
Address
1030 W VAN BUREN, CHICAGO, IL 60607

Signing Officer

Name
Richard H Malone
Title
CEO and President
Phone
3129321200
Signed
2020-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard H Malone
Formed
2001
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
4 BECKER FARM ROAD, ROSELAND, NJ 07068
Preparer
Lori Rothe Yokobosky CPA
Phone
9732283500
Supplemental Narrative

Additional Explanations

FORM 990: PART XII, LINCE 2C:

“The organization has a committee responsible of the audit as the selection of the independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the period ended june 19, 2019. Due to its tax-exempt status, the foundation is not subject to income taxes. The foundation is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes, and the foundation has no other tax positions which must be considered for disclosure. Income tax returns filed by the foundation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2015 remain open.”

Raw XML AppendixShowing 400 of 570 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/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0323162
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IRS990/BooksInCareOfDetail/PhoneNum03129321200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01030 W VAN BUREN
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060607
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
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IRS990/CompensationProcessOtherInd00
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IRS990/ConferencesMeetingsGrp/TotalAmt081
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd00
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IRS990/CYOtherRevenueAmt00
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IRS990/Desc0PROVIDES THE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND RELATED SERVICES UNDER SECTION 8 HOUSING ASSISTANCE AGREEMENT WITH H.U.D.
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IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt830036
IRS990/Form990PartVIISectionAGrp/PersonNm0ALLEN J CIZNER
IRS990/Form990PartVIISectionAGrp/PersonNm1BENNO C FRIEDRICH
IRS990/Form990PartVIISectionAGrp/PersonNm2CHERESE LEDET
IRS990/Form990PartVIISectionAGrp/PersonNm3FRED C MATTHEWS III
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES HHAYES
IRS990/Form990PartVIISectionAGrp/PersonNm5MARGARET HOYT
IRS990/Form990PartVIISectionAGrp/PersonNm6RICHARD MALONE
IRS990/Form990PartVIISectionAGrp/PersonNm7STANLEY NITZBERG
IRS990/Form990PartVIISectionAGrp/PersonNm8JULIE A BURKE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CEO AND PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7OUTGOING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER AND ASST SECY.
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/MissionDesc0PROVIDES THE ELDERLY AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING FACILITIES AND RELATED SERVICES UNDER SECTION 8 HOUSING ASSISTANCE AGREEMENT WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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IRS990/OtherExpensesGrp/Desc0RESIDUAL RECEIPTS
IRS990/OtherExpensesGrp/Desc1SECURITY
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0799916
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0746054
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-135435
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0315428
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0RECAPTURE OF RESIDUAL RECEIPTS - 2017 AMOUNT: $ 123,691.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04354
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05851
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02515
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01547
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01502
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015769
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0315438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0740203
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0739618
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0733421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0732602
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03261282
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04354
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05851
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02515
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01502
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015769
IRS990ScheduleA/InvestmentIncomeCYPct00.00460
IRS990ScheduleA/InvestmentIncomePYPct00.00330
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0123691
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0123691
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95900
IRS990ScheduleA/PublicSupportPY509Pct00.96420
IRS990ScheduleA/PublicSupportTotal509Amt03261282
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0315438
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0740203
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0739618
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0733421
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0732602
IRS990ScheduleA/Total509Grp/TotalAmt03261282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0319792
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0746054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0865824
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0734968
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0734104
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03400742
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03970930
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02400265
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06371195
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055814
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055814
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0455227
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0530892
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0530892
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0882002
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt122716
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt218525
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt374481
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4215943
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0319792
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE PERIOD ENDED JUNE 19, 2019. DUE TO ITS TAX-EXEMPT STATUS, THE FOUNDATION IS NOT SUBJECT TO INCOME TAXES. THE FOUNDATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES, AND THE FOUNDATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2015 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04501822
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01213667
IRS990ScheduleD/TotalExpensesPerForm990Amt0455227
IRS990ScheduleD/TotalLiabilityAmt016307
IRS990ScheduleD/TotalRevenuePerForm990Amt0319792
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0319792
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0455227
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt032400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt113933
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0560822
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1283882
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt027500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt127500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019152
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt12536
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt011340
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt17560
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD MALONE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JULIE A BURKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO AND PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER AND ASST SECY.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0651214
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1335411
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SEE DISCLOSURE ON SCHEDULE N, PART I, LINE 3
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0ASSETS REPORTED AS OF THE DATE OF THE COMPILED FINANCIAL STATEMENTS JULY 19, 2020, THE PROJECT WAS SOLD ON JULY 20, 2020. THE ORGANIZATION HAS NOT MADE FINAL DISSOLUTION AS OF DECEMBER 31, 2019, AS IT IS WAITING ON APPROVAL FROM US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNDER THE TERMS OF A MANAGEMENT AGREEMENT BETWEEN THE WASHINGTON PARK FOUNDATION AND THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN CHICAGO ("THE ASSOCIATION"), THE ASSOCIATION IS THE EXCLUSIVE AGENT FOR MANAGEMENT OF THE PROJECT. FOR ITS SERVICES, THE ASSOCIATION RECEIVES A MONTHLY FEE IN THE AMOUNT OF $66.56 PER UNIT PER MONTH BASED ON THE CURRENT AGREEMENT EFFECTIVE 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S TREASURER AND SENIOR ACCOUNTANT REVIEW THE ANNUAL FORM 990. A FULL COPY OF THE 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS AND DIRECTORS MUST DISCLOSE ANY AND ALL POTENTIAL CONFLICTS. OFFICERS AND DIRECTORS CERTIFY THEIR UNDERSTANDING AND ADHERENCE TO THE POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CERTAIN FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE OF THE AUDIT AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3

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