Civic Intelligence

Ucan Title Holding Company II

EIN 46-4918725 • 501(c)2 • Chicago, IL

Profile

TITLE HOLDING COMPANY.

3605 W Fillmore StChicago, IL 60624

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 2023

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)2 • <$500k nonprofits • Source year 2023

Net Margin

81st percentile

54%

Higher net margin than 81% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2023

Top Officer Pay

96th percentile

$289,918

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 82.4% of source-year revenue.

501(c)2 • <$500k nonprofits • Source year 2023

Asset Growth

23rd percentile

-100%

Faster asset growth than 23% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

85%

Faster revenue growth than 91% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $11,689,585 (-100%) from 2022

Liabilities

Down

$0

Down $11,878,803 (-100%) from 2022

Net Assets

Up

$0

Up $189,218 (+100%) from 2022

Revenue

Up

$351,803

Up $161,803 (+85%) from 2022

Expenses

Down

$162,585

Down $275,645 (-63%) from 2022

Net Income

Up

$189,218

Up $437,448 (+176%) from 2022

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $12,506,596Liabilities 2017: $11,369,709Net Assets 2017: $1,136,8872017Assets 2018: $12,311,893Liabilities 2018: $11,438,432Net Assets 2018: $873,4612018Assets 2019: $12,121,219Liabilities 2019: $11,507,156Net Assets 2019: $614,0632019Assets 2020: $11,928,160Liabilities 2020: $11,575,879Net Assets 2020: $352,2812020Assets 2021: $11,810,172Liabilities 2021: $11,708,919Net Assets 2021: $101,2532021Assets 2022: $11,689,585Liabilities 2022: $11,878,803Net Assets 2022: -$189,2182022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2017: $190,000Expenses 2017: $435,460Net Income 2017: -$245,4602017Revenue 2018: $190,000Expenses 2018: $453,426Net Income 2018: -$263,4262018Revenue 2019: $190,000Expenses 2019: $449,398Net Income 2019: -$259,3982019Revenue 2020: $190,000Expenses 2020: $451,782Net Income 2020: -$261,7822020Revenue 2021: $158,333Expenses 2021: $409,448Net Income 2021: -$251,1152021Revenue 2022: $190,000Expenses 2022: $438,230Net Income 2022: -$248,2302022Revenue 2023: $351,803Expenses 2023: $162,585Net Income 2023: $189,2182023

Highlighted filing

2023

Revenue$351,803
Expenses$162,585
Net Income$189,218

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$351,803
Mission and Program Overview

Mission

None

TITLE HOLDING COMPANY.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,001,815$0▼ $11,001,815
Accounts Receivable$175,730$0▼ $175,730
Cash and Non-Interest-Bearing Accounts$88,291$0▼ $88,291
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$11,689,585$0▼ $11,689,585
Other Assets Total$423,749$0▼ $423,749
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,713,326--
Accounts Payable and Accrued Expenses$165,477--
Total Liabilities$11,878,803$0▼ $11,878,803
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-189,218$0▲ $189,218
Total Net Assets Fund Balance$-189,218$0▲ $189,218
Total Liabilities and Net Assets / Fund Balance$11,689,585$0▼ $11,689,585
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christa HamiltonCEO/president
Richard FlemingChariman
Gary FennessyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$205,000
Investment Income
$0
Other Revenue
$146,803
Change in Net Assets
$189,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$162,585
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---$162,585
Total Functional Expenses$0$0$0$162,585
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole corporate member is ucan.

Form 990, Part VI, Section A, Line 7A

The board of directors of ucan shall annually elect directors of the corporation.

Form 990, Part VI, Section A, Line 7B

The board of directors shall not act with respect to the following matters unless such action is reviewed and approved by the corporate member: a. The amendment or restatement of the articles of incorporation of the corporation or these by-laws; b. The merger, consolidation, dissolution or winding up of the corporation; c. Such other matters as may be required by law or these by-laws to be submitted to the corporate member.

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

An independent accounting firm prepares the form 990 and is reviewed by ucan's upper management prior to filing.

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

Annually, each member of the board of directors signs a conflict of interest statement. These statements are reviewed by the ucan ceo. Should a potential conflict be identified, the board of directors reviews the details and the involved party does not participate or vote on any matters related to the potential conflict other than to present factual information or respond to questions regarding the potential conflict.

Form 990, Part VI, Section C, Line 19

The governing documents, conflicts of interest policy and financial statements are availale upon request for the same period of disclosure as set forth in irc section 6104(d).

Filing and Contact Details

Filer

Filer Name
Ucan Title Holding Company Ii
EIN
46-4918725
Phone
7735880180
Address
3605 W FILLMORE ST, CHICAGO, IL 60624

Signing Officer

Name
Suresh Sharma
Title
Chief Financial Officer
Phone
7735880180
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suresh Sharma
Formed
2014
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Porte Brown LLC
Address
845 OAKTON STREET, ELK GROVE VILLAGE, IL 60007
Preparer
Megan Angle
Phone
8479561040
Raw XML Appendix384 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE CORPORATE MEMBER IS UCAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS OF UCAN SHALL ANNUALLY ELECT DIRECTORS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS SHALL NOT ACT WITH RESPECT TO THE FOLLOWING MATTERS UNLESS SUCH ACTION IS REVIEWED AND APPROVED BY THE CORPORATE MEMBER: A. THE AMENDMENT OR RESTATEMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION OR THESE BY-LAWS; B. THE MERGER, CONSOLIDATION, DISSOLUTION OR WINDING UP OF THE CORPORATION; C. SUCH OTHER MATTERS AS MAY BE REQUIRED BY LAW OR THESE BY-LAWS TO BE SUBMITTED TO THE CORPORATE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN INDEPENDENT ACCOUNTING FIRM PREPARES THE FORM 990 AND IS REVIEWED BY UCAN'S UPPER MANAGEMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, EACH MEMBER OF THE BOARD OF DIRECTORS SIGNS A CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE REVIEWED BY THE UCAN CEO. SHOULD A POTENTIAL CONFLICT BE IDENTIFIED, THE BOARD OF DIRECTORS REVIEWS THE DETAILS AND THE INVOLVED PARTY DOES NOT PARTICIPATE OR VOTE ON ANY MATTERS RELATED TO THE POTENTIAL CONFLICT OTHER THAN TO PRESENT FACTUAL INFORMATION OR RESPOND TO QUESTIONS REGARDING THE POTENTIAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILALE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UCAN TITLE HOLDING COMPANY II
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELK GROVE VILLAGE
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ReturnHeader/PreparerPersonGrp/PhoneNum08479561040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN ANGLE
ReturnHeader/ReturnTs02024-05-15T11:01:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SURESH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHARMA
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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