Civic Intelligence

YMCA of Metropolitan Chicago Foundation for Harvey III

990 • Fiscal year 2019 • EIN 81-0672052

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 23, 2020

Organization ProfileWWW.YMCACHICAGO.ORG
1030 W Van BurenChicago, IL 60607

(312) 932-1200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.40x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

33.99x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

5th percentile

-69%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$651,214

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 245.7% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

45th percentile

2.0%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-63%

Faster revenue growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$6,446,574

Up $123,497 (+2.0%) from 2018

Net Assets

Down

-$2,563,425

Down $183,500 (-7.7%) from 2018

Liabilities

Up

$9,009,999

Up $306,997 (+3.5%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin5th percentile

Revenue

Down

$265,074

Down $442,761 (-63%) from 2018

Expenses

Down

$448,574

Down $510,844 (-53%) from 2018

Net Income

Up

-$183,500

Up $68,083 (+27%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2010: $7,759,385Liabilities 2010: $8,652,358Net Assets 2010: -$892,9732010Assets 2011: $7,748,947Liabilities 2011: $8,667,226Net Assets 2011: -$918,2792011Assets 2012: $7,702,477Liabilities 2012: $8,677,955Net Assets 2012: -$975,4782012Assets 2013: $7,646,226Liabilities 2013: $8,687,731Net Assets 2013: -$1,041,5052013Assets 2015: $7,424,601Liabilities 2015: $9,245,274Net Assets 2015: -$1,820,6732015Assets 2016: $7,452,452Liabilities 2016: $9,387,610Net Assets 2016: -$1,935,1582016Assets 2017: $6,674,573Liabilities 2017: $8,802,915Net Assets 2017: -$2,128,3422017Assets 2018: $6,323,077Liabilities 2018: $8,703,002Net Assets 2018: -$2,379,9252018Assets 2019: $6,446,574Liabilities 2019: $9,009,999Net Assets 2019: -$2,563,4252019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$6,446,574
Liabilities$9,009,999
Net Assets-$2,563,425
Open 2019 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2010: $736,600Expenses 2010: $756,653Net Income 2010: -$20,0532010Revenue 2011: $762,220Expenses 2011: $787,526Net Income 2011: -$25,3062011Revenue 2012: $764,922Expenses 2012: $822,121Net Income 2012: -$57,1992012Revenue 2013: $774,968Expenses 2013: $840,995Net Income 2013: -$66,0272013Revenue 2015: $767,723Expenses 2015: $1,417,434Net Income 2015: -$649,7112015Revenue 2016: $766,537Expenses 2016: $881,022Net Income 2016: -$114,4852016Revenue 2017: $732,394Expenses 2017: $925,578Net Income 2017: -$193,1842017Revenue 2018: $707,835Expenses 2018: $959,418Net Income 2018: -$251,5832018Revenue 2019: $265,074Expenses 2019: $448,574Net Income 2019: -$183,5002019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2019

Revenue$265,074
Expenses$448,574
Net Income-$183,500
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 23, 2020
Return Version
2019v5.1
Gross Receipts
$265,074
Mission and Program Overview

Mission

Services under section 8 housing assistance agreement with the department of housing and urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,629,688$5,533,772▼ $95,916
Cash and Non-Interest-Bearing Accounts$33,187$365,056▲ $331,869
Accounts Receivable$162,323$30,399▼ $131,924
Prepaid Expenses and Deferred Charges$1,104$552▼ $552
Total Assets$6,323,077$6,446,574▲ $123,497
Other Assets Total$496,775$516,795▲ $20,020
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,538,400$8,538,400→ $0
Accounts Payable and Accrued Expenses$146,439$453,587▲ $307,148
Other Liabilities$18,163$18,012▼ $151
Total Liabilities$8,703,002$9,009,999▲ $306,997
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,379,925$-2,563,425▼ $183,500
Total Net Assets Fund Balance$-2,379,925$-2,563,425▼ $183,500
Total Liabilities and Net Assets / Fund Balance$6,323,077$6,446,574▲ $123,497

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,533,772$2,904,657$8,438,429
Equipment$0$17,043$17,043
Other Assets Org$15,138--
Compensation and Service Providers
Top Officer Pay96th 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
$263,041
Investment Income
$2,033
Other Revenue
$0
Change in Net Assets
$-183,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$265,074
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$265,074
Total Revenue per Form 990
$265,074
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$448,574
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
Fees for Services Management$84,205$20,680-$104,885
Depreciation Depletion$95,916--$95,916
Office Expenses$27,802--$27,802
Occupancy$20,896--$20,896
Insurance$12,505--$12,505
Fees for Services Accounting-$8,465-$8,465
Fees for Services Legal$375--$375
Conferences and Meetings$81--$81
Other Expenses$58--$58
Total Functional Expenses$419,429$29,145$0$448,574

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$448,574
Total Expenses per Audited Statements$448,574
Total Expenses per Form 990$448,574
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$18,012
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 harvey iii 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 $68.93 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 Metropolitan Chicago Foundation
EIN
81-0672052
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
2005
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, LINE 2C:

“The organization has a committee responsible for the oversight of the audit as well 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 irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2015 remain open.”

Raw XML AppendixShowing 400 of 569 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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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0959418
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0707835
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-183500
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0263041
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02509
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0838
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01401
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01645
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0263041
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0705326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0731556
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0765136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0766078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03231137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02509
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0838
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01401
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01645
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08426
IRS990ScheduleA/InvestmentIncomeCYPct00.00260
IRS990ScheduleA/InvestmentIncomePYPct00.00210
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99740
IRS990ScheduleA/PublicSupportPY509Pct00.99790
IRS990ScheduleA/PublicSupportTotal509Amt03231137
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0263041
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0705326
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0731556
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0765136
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0766078
IRS990ScheduleA/Total509Grp/TotalAmt03231137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0265074
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0707835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0732394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0766537
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0767723
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03239563
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05533772
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02904657
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08438429
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017043
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017043
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0448574
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt019933
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1102
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2407141
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt374481
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt415138
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0265074
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 IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2015 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05533772
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0516795
IRS990ScheduleD/TotalExpensesPerForm990Amt0448574
IRS990ScheduleD/TotalLiabilityAmt018012
IRS990ScheduleD/TotalRevenuePerForm990Amt0265074
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0265074
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0448574
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 HARVEY III 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 $68.93 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 FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,446,574
Liabilities
$9,009,999
Net assets
-$2,563,425
Revenue
$265,074
Expenses
$448,574
Net income
-$183,500
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
2019Detailed filing. Detailed filing data is available for this year.$6.45$9.01$2.56$0.27$0.45$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.32$8.70$2.38$0.71$0.96$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.67$8.80$2.13$0.73$0.93$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.45$9.39$1.94$0.77$0.88$0.11
2015Detailed filing. Detailed filing data is available for this year.$7.42$9.25$1.82$0.77$1.42$0.65
2013Summary only. Only limited summary data is available for this year.$7.65$8.69$1.04$0.77$0.84$0.07
2012Summary only. Only limited summary data is available for this year.$7.70$8.68$0.98$0.76$0.82$0.06
2011Summary only. Only limited summary data is available for this year.$7.75$8.67$0.92$0.76$0.79$0.03
2010Summary only. Only limited summary data is available for this year.$7.76$8.65$0.89$0.74$0.76$0.02