Liabilities / Assets
33rd percentile
Higher debt load relative to assets than 33% of similar nonprofits.
Lake Park Associates Inc
EIN 36-6111317 • 501(c)2 • Chicago, IL
Profile
Lake Park Associates acquires, sells, holds, manages and leases real property for the benefit of The University of Chicago.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.04x
Liabilities / Revenue
59th percentile
Higher debt load relative to revenue than 59% of similar nonprofits.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 22.6% of source-year revenue.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
11th percentile
Faster revenue growth than 11% of similar nonprofits.
Balance Sheet
Assets
Down$81,543,784
Down $1,190,745 (-1.4%) from 2023
Liabilities
Up$2,886,337
Up $481,054 (+20%) from 2023
Net Assets
Down$78,657,447
Down $1,671,799 (-2.1%) from 2023
Revenue
Down$7,270,656
Down $1,917,957 (-21%) from 2023
Expenses
Up$10,129,299
Up $1,430,746 (+16%) from 2023
Net Income
Down-$2,858,643
Down $3,348,703 (-683%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $81,543,784
- Liabilities
- $2,886,337
- Net assets
- $78,657,447
- Revenue
- $7,270,656
- Expenses
- $10,129,299
- Net income
- -$2,858,643
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 15, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $7,890,001
Mission and Program Overview
Mission
Lake Park Associates acquires, sells, holds, manages and leases real property for the benefit of The University of Chicago.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $80,329,246 | $78,657,447 | ▼ $1,671,799 |
| Land, Buildings, and Equipment, Net | $71,500,010 | $69,549,546 | ▼ $1,950,464 |
| Cash and Non-Interest-Bearing Accounts | $8,731,475 | $9,490,161 | ▲ $758,686 |
| Accounts Receivable | $1,284,517 | $1,404,675 | ▲ $120,158 |
| Prepaid Expenses and Deferred Charges | $115,571 | $80,526 | ▼ $35,045 |
| 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 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $82,734,529 | $81,543,784 | ▼ $1,190,745 |
| Other Assets Total | $1,102,956 | $1,018,876 | ▼ $84,080 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $1,926,435 | $2,451,400 | ▲ $524,965 |
| Deferred Revenue | $325,456 | $287,900 | ▼ $37,556 |
| Other Liabilities | $153,392 | $147,037 | ▼ $6,355 |
| Total Liabilities | $2,405,283 | $2,886,337 | ▲ $481,054 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $80,329,246 | $78,657,447 | ▼ $1,671,799 |
| Total Liabilities and Net Assets / Fund Balance | $82,734,529 | $81,543,784 | ▼ $1,190,745 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $32,071,674 | $44,688,470 | $76,760,144 |
| Land | $36,507,423 | - | $36,507,423 |
| Leasehold Improvements | $102,888 | $2,872,766 | $2,975,654 |
| Other Land Buildings | $867,561 | - | $867,561 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Christian Mitchell | President |
| Mary Frances McCourt | President |
| Katie Callow-Wright | Vice President |
| Lori Berko | Director |
| Michele Rasmussen | Director |
| Robert Rush | Asst Secretary |
| Kimberly Taylor | VP & Secretary |
| Angelica Marks | VP & Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $7,112,508
- Investment Income
- $158,148
- Other Revenue
- $0
- Change in Net Assets
- $-2,858,643
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $10,129,299 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | - | - | - | $3,319,118 |
| Fees for Services Other | - | - | - | $1,076,051 |
| Occupancy | - | - | - | $405,806 |
| All Other Expenses | - | - | - | $234,835 |
| Insurance | - | - | - | $194,841 |
| Fees for Services Management | - | - | - | $157,589 |
| Other Expenses | - | - | - | $105,008 |
| Total Functional Expenses | $0 | $0 | $0 | $10,129,299 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Tenant security deposits | $147,037 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Backup withholding compliance
- 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
- Yes
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 3
“Lake Park Associates, Inc. has contracted with McCaffery Interests, Inc. to manage properties. Property management services provided include, but are not limited to, the following: providing accounting and bookkeeping services such as billing and collection of rent, payment of all bills, reconciliation of bank accounts; lease negotiation and execution with tenants; property (site) management services including hiring of security services; securing new tenants when applicable; subcontracting out of property repair and maintenance services and managing these contracts and projects.”
Form 990, Part VI, Section A, Line 6
“The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago.”
Form 990, Part VI, Section A, Line 7A
“The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago.”
Form 990, Part VI, Section A, Line 7B
“The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago.”
Form 990, Part VI, Section B, Line 11B
“A copy of the Form 990 was sent to the officers of the Lake Park Associates before the Form 990 was filed.”
Form 990, Part VI, Section B, Line 12C
“The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago has a written conflict of interest policy and the officers of Lake Park Associates are required to complete the conflict of interest questionnaire, which includes all related organizations including Lake Park Associates, and comply with the University of Chicago's conflict of interest policy.”
Form 990, Part VI, Section B, Line 15A
“Lake Park Associates, Inc. does not have any employees. The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago does have a review and approval process in place for determining compensation of officers and key employees.”
Form 990, Part VI, Section B, Line 15B
“Lake Park Associates, Inc. does not have any employees. The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago does have a review and approval process in place for determining compensation of officers and key employees.”
Form 990, Part VI, Section C, Line 19
“Lake Park Associates complies with Federal and Illinois public disclosure requirements with respect to governing documents, policies and financial statements. Lake Park Associates' policy is to fulfill all requests for the forms made in writing or in person by providing a printed copy of the requested document.”
Form 990, Part VI, Section B 15A and 15B
“The officers and board members of Lake Park Associates are not compensated by Lake Park Associates. They are employees of the University of Chicago, the controlling organization. The University of Chicago does review their compensation as officers of the University.”
Form 990, Part VI, Section B, Line 13
“Lake Park Associates, Inc. does not have any employees. The employees who are officers and directors of Lake Park Associates are University of Chicago employees. The University of Chicago has a written whistleblower policy that is applicable to all employees.”
Filing and Contact Details
Filer
- Filer Name
- Lake Park Associates Inc
- EIN
- 36-6111317
- Phone
- 7739550200
- Address
- 5235 S Harper Court Suite 900, Chicago, IL 60615
Signing Officer
- Name
- Jennie Bennett
- Title
- Vice President
- Signed
- 2025-05-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Christian Mitchell
- Formed
- 1963
- Legal Domicile
- Il
- Voting Board Members
- 5
- Independent Board Members
- 0
- Employees
- 0
Preparer
- Firm
- Paul J Smit & Associates
- Address
- 3330 181st Pl Ste 204, Lansing, IL 60438
- Preparer
- Paul Smit
- Phone
- 7088891099
Supplemental Narrative
Additional Explanations
Form 990, Part XI, Line 9
“Contribution from stockholder = $1186844”
Financial Statement Notes
Part X : FIN48 Footnote
“Lake Park Associates, Inc. was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(2). The tax exempt purpose of Lake Park Associates, Inc. and the nature in which it operates are described in Part III Note 1 of the IRS Form 990 (Page 2 of 990). Lake Park Associates, Inc. continues to operate in compliance with its tax exempt purpose. Lake Park Associate Inc.'s annual information return filed with the federal government is subject to examination for the statutory period. Lake Park Associates, Inc. had no material uncertain tax positions and as proscribed by FIN 48, a footnote was not required in the compiled financial statements.”
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| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 80329246 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 78657447 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 154655 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 154655 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 405806 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1102956 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1018876 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 1186844 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Affiliate expenses |
| IRS990/OtherExpensesGrp/Desc | 1 | Repair and maintenance |
| IRS990/OtherExpensesGrp/Desc | 2 | REAL ESTATE TAX |
| IRS990/OtherExpensesGrp/Desc | 3 | Recovery expense-Kimbark |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1636100 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1563969 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1435982 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 105008 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 153392 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 147037 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | COST REIMB&OTHER REV |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 115571 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 80526 |
| IRS990/PrincipalOfficerNm | 0 | Christian Mitchell |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 7112508 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 7112508 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1665187 |
| IRS990/PYInvestmentIncomeAmt | 0 | 5656 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 8698553 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 7517770 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 490060 |
| IRS990/PYTotalExpensesAmt | 0 | 8698553 |
| IRS990/PYTotalRevenueAmt | 0 | 9188613 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -2858643 |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 80329246 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 78657447 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 32071674 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 44688470 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 76760144 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 36507423 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 36507423 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 102888 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 2872766 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 2975654 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 867561 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 867561 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 147037 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Tenant security deposits |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Lake Park Associates, Inc. was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(2). The tax exempt purpose of Lake Park Associates, Inc. and the nature in which it operates are described in Part III Note 1 of the IRS Form 990 (Page 2 of 990). Lake Park Associates, Inc. continues to operate in compliance with its tax exempt purpose. Lake Park Associate Inc.'s annual information return filed with the federal government is subject to examination for the statutory period. Lake Park Associates, Inc. had no material uncertain tax positions and as proscribed by FIN 48, a footnote was not required in the compiled financial statements. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X : FIN48 Footnote |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 69549546 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 147037 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 45954 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 1 | 9000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 2 | 67068 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 3 | 62573 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 4 | 47500 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 5 | 113906 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 6 | 132597 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 303562 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 1 | 444317 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 2 | 419851 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 3 | 832750 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 4 | 475526 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 5 | 932619 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 6 | 597576 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 7 | 276208 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 26400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 26400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 2 | 26400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 3 | 26400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 4 | 26400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 5 | 26400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 6 | 26400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 7 | 22217 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 32810 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 11532 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 2 | 40555 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 3 | 181393 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 4 | 15589 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 5 | 36849 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 6 | 12769 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 7 | 1516 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 3788 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 10307 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 2 | 1692 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 3 | 529821 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 4 | 3548 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Angelica Marks |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | Christian Mitchell |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | Katie Callow-Wright |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 3 | Kimberly Taylor |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 4 | Lori Berko |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 5 | Mary Frances McCourt |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 6 | Michele Rasmussen |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 7 | Robert Rush |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | VP & Treasurer |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | Vice President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 3 | VP & Secretary |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 4 | Director |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 5 | President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 6 | Director |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 7 | Asst Secretary |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 408726 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 491249 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 2 | 557662 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 3 | 1113423 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 4 | 566707 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 5 | 1639595 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 6 | 772890 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 7 | 299941 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Lake Park Associates, Inc. has contracted with McCaffery Interests, Inc. to manage properties. Property management services provided include, but are not limited to, the following: providing accounting and bookkeeping services such as billing and collection of rent, payment of all bills, reconciliation of bank accounts; lease negotiation and execution with tenants; property (site) management services including hiring of security services; securing new tenants when applicable; subcontracting out of property repair and maintenance services and managing these contracts and projects. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | A copy of the Form 990 was sent to the officers of the Lake Park Associates before the Form 990 was filed. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago has a written conflict of interest policy and the officers of Lake Park Associates are required to complete the conflict of interest questionnaire, which includes all related organizations including Lake Park Associates, and comply with the University of Chicago's conflict of interest policy. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Lake Park Associates, Inc. does not have any employees. The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago does have a review and approval process in place for determining compensation of officers and key employees. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Lake Park Associates, Inc. does not have any employees. The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago does have a review and approval process in place for determining compensation of officers and key employees. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Lake Park Associates complies with Federal and Illinois public disclosure requirements with respect to governing documents, policies and financial statements. Lake Park Associates' policy is to fulfill all requests for the forms made in writing or in person by providing a printed copy of the requested document. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Contribution from stockholder = $1186844 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | The officers and board members of Lake Park Associates are not compensated by Lake Park Associates. They are employees of the University of Chicago, the controlling organization. The University of Chicago does review their compensation as officers of the University. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Lake Park Associates, Inc. does not have any employees. The employees who are officers and directors of Lake Park Associates are University of Chicago employees. The University of Chicago has a written whistleblower policy that is applicable to all employees. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section A, Line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section B, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section B, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part VI, Section B, Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990, Part XI, Line 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990, Part VI, Section B 15A and 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990, Part VI, Section B, Line 13 |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | true |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 1 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 2 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 3 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 4 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 5 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 6 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 7 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 8 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 9 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 10 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 11 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 12 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 13 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 14 | false |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | Univ of Chicago |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | Univ of Chicago |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 2 | Univ of Chicago |
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