Civic Intelligence

Elevate Housing Foundation

990 • Fiscal year 2021 • EIN 82-1235705

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileN/A
7101 N Cicero Ave 200Lincolnwood, IL 60712

(708) 596-3050

Siviq Scores

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

Liabilities / Assets

99th percentile

1.97x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

2.82x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

6th percentile

-27%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

3rd percentile

-16%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

3.4%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$28,372,310

Down $5,279,062 (-16%) from 2020

Net Assets

Down

-$27,444,334

Down $11,066,007 (-68%) from 2020

Liabilities

Up

$55,816,644

Up $5,786,945 (+12%) from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin6th percentile

Revenue

Up

$19,775,453

Up $644,767 (+3.4%) from 2020

Expenses

Up

$25,146,833

Up $2,916,666 (+13%) from 2020

Net Income

Down

-$5,371,380

Down $2,271,899 (-73%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$100M$50M$0-$50MAssets 2017: $0Liabilities 2017: $87,386Net Assets 2017: -$87,3862017Assets 2018: $8,785,799Liabilities 2018: $9,777,225Net Assets 2018: -$991,4262018Assets 2019: $32,627,581Liabilities 2019: $35,839,783Net Assets 2019: -$3,212,2022019Assets 2020: $33,651,372Liabilities 2020: $50,029,699Net Assets 2020: -$16,378,3272020Assets 2021: $28,372,310Liabilities 2021: $55,816,644Net Assets 2021: -$27,444,3342021Assets 2022: $32,604,403Liabilities 2022: $60,552,413Net Assets 2022: -$27,948,0102022Assets 2023: $36,757,046Liabilities 2023: $65,415,163Net Assets 2023: -$28,658,1172023Assets 2024: $43,035,202Liabilities 2024: $68,741,735Net Assets 2024: -$25,706,5332024

Highlighted filing

2021

Assets$28,372,310
Liabilities$55,816,644
Net Assets-$27,444,334
Open 2021 Filing

Operations Trend

Revenue Growth34th percentile

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

$30M$20M$10M$0-$10MRevenue 2017: $0Expenses 2017: $87,386Net Income 2017: -$87,3862017Revenue 2018: $4,817,960Expenses 2018: $5,722,000Net Income 2018: -$904,0402018Revenue 2019: $14,186,749Expenses 2019: $16,407,525Net Income 2019: -$2,220,7762019Revenue 2020: $19,130,686Expenses 2020: $22,230,167Net Income 2020: -$3,099,4812020Revenue 2021: $19,775,453Expenses 2021: $25,146,833Net Income 2021: -$5,371,3802021Revenue 2022: $24,527,753Expenses 2022: $25,031,429Net Income 2022: -$503,6762022Revenue 2023: $26,409,094Expenses 2023: $27,119,201Net Income 2023: -$710,1072023Revenue 2024: $28,854,452Expenses 2024: $25,902,868Net Income 2024: $2,951,5842024

Highlighted filing

2021

Revenue$19,775,453
Expenses$25,146,833
Net Income-$5,371,380
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$19,775,453
Mission and Program Overview

Mission

Elevate Housing Foundation(Elevate) is organized and shall be operated exclusively for charitable purposes, including relieving the poor and distressed by providingsafe, decent and sanitary housing to seniors and families in need of affordable housing. While not limited to such, Elevate may provide housing that is subsidized by HUD or by other governmental programs. However, regardless of any subsidy, occupancy in housing owned by Elevate will be limited in accordance with the standards set forth fo nonprofit affordable housing in Rev. Proc 96-32.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,708,916$28,305,014▼ $403,902
Accounts Receivable$3,039,600$2,360,711▼ $678,889
Cash and Non-Interest-Bearing Accounts$1,359,758$760,525▼ $599,233
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$543,098$-3,053,940▼ $3,597,038
Total Assets$33,651,372$28,372,310▼ $5,279,062
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,180,000$31,180,000→ $0
Escrow Account Liability-$9,906,241-
Unsecured Notes Loans Payable$8,400,000$8,400,000→ $0
Accounts Payable and Accrued Expenses$7,608,767$3,824,584▼ $3,784,183
Other Liabilities$2,840,932$2,505,819▼ $335,113
Total Liabilities$50,029,699$55,816,644▲ $5,786,945
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-16,378,327$-27,444,334▼ $11,066,007
Total Net Assets Fund Balance$-16,378,327$-27,444,334▼ $11,066,007
Total Liabilities and Net Assets / Fund Balance$33,651,372$28,372,310▼ $5,279,062

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,115,300$1,557,218$21,672,518
Land$4,009,330-$4,009,330
Other Land Buildings$3,045,088$717,862$3,762,950
Leasehold Improvements$987,796$41,657$1,029,453
Equipment$147,500$30,018$177,518
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Ilya ShulmanPresident
Alla StavnitserBoard Member
Baila AgishteinBoard Member
Boris MaslovskyBoard Member
Tony ShirBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,775,453
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-5,371,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,095,146
Salaries, Compensation, and Employee Benefits$12,051,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,051,687--$12,051,687
Occupancy$3,059,406--$3,059,406
Interest$2,600,330--$2,600,330
All Other Expenses$2,012,041$53,108-$2,065,149
Depreciation Depletion$879,830--$879,830
Other Expenses$759,848--$759,848
Information Technology$256,463--$256,463
Advertising$123,275--$123,275
Office Expenses$122,163--$122,163
Total Functional Expenses$25,093,725$53,108$0$25,146,833
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability$2,505,819
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board Meetings”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Elevate Housing Foundation
EIN
82-1235705
Phone
7085963050
Address
7101 N CICERO AVE 200, LINCOLNWOOD, IL 60712

Signing Officer

Name
Tony Shir
Title
Vice President
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
0
Employees
550
Volunteers
10

Preparer

Firm
Reifler Sharps Schuetz Ltd
Address
9550 Bormet Dr Suite 301, Mokena, IL 60448
Preparer
Joseph D Schuetz
Phone
3128760100
Supplemental Narrative

Additional Explanations

Statement Note 1

“Elevate was organized April 18, 2017. However, no funding was obtained until January 2018.The tax return was prepared based on the information provided by management of Elevate Housing Foundation. Should additional information become available the tax return will be amended accordingly.”

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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07608767
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03824584
IRS990/AccountsReceivableGrp/BOYAmt03039600
IRS990/AccountsReceivableGrp/EOYAmt02360711
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Elevate Housing Foundation(Elevate) is organized and shall be operated exclusively for charitable purposes, including relieving the poor and distressed by providingsafe, decent and sanitary housing to seniors and families in need of affordable housing. While not limited to such, Elevate may provide housing that is subsidized by HUD or by other governmental programs. However, regardless of any subsidy, occupancy in housing owned by Elevate will be limited in accordance with the standards set forth fo nonprofit affordable housing in Rev. Proc 96-32.
IRS990/AdvertisingGrp/ProgramServicesAmt0123275
IRS990/AdvertisingGrp/TotalAmt0123275
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt053108
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02012041
IRS990/AllOtherExpensesGrp/TotalAmt02065149
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Tony Shir
IRS990/BooksInCareOfDetail/PhoneNum02244706512
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07101 N Cicero
IRS990/BooksInCareOfDetail/USAddress/CityNm0Lincolnwood
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060712
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01359758
IRS990/CashNonInterestBearingGrp/EOYAmt0760525
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt013095146
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt019775453
IRS990/CYRevenuesLessExpensesAmt0-5371380
IRS990/CYSalariesCompEmpBnftPaidAmt012051687
IRS990/CYTotalExpensesAmt025146833
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt019775453
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0879830
IRS990/DepreciationDepletionGrp/TotalAmt0879830
IRS990/Desc0Provide affordable nursing home care and housing for low to moderate income individuals
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0550
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/EOYAmt09906241
IRS990/ExpenseAmt025093725
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Ilya Shulman
IRS990/Form990PartVIISectionAGrp/PersonNm1Boris Maslovsky
IRS990/Form990PartVIISectionAGrp/PersonNm2Tony Shir
IRS990/Form990PartVIISectionAGrp/PersonNm3Baila Agishtein
IRS990/Form990PartVIISectionAGrp/PersonNm4Alla Stavnitser
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt019775453
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0256463
IRS990/InformationTechnologyGrp/TotalAmt0256463
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt02600330
IRS990/InterestGrp/TotalAmt02600330
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02346755
IRS990/LandBldgEquipBasisNetGrp/BOYAmt028708916
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028305014
IRS990/LandBldgEquipCostOrOtherBssAmt030651769
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0Elevate Housing Foundation(Elevate) is organized and shall be operated exclusively for charitable purposes, including relieving the poor and distressed by providingsafe, decent and sanitary housing to seniors and families in need of affordable housing. While not limited to such, Elevate may provide housing that is subsidized by HUD or by other governmental programs. However, regardless of any subsidy, occupancy in housing owned by Elevate will be limited in accordance with the standards set forth fo nonprofit affordable housing in Rev. Proc 96-32.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt031180000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt031180000
IRS990/NetAssetsOrFundBalancesBOYAmt0-16378327
IRS990/NetAssetsOrFundBalancesEOYAmt0-27444334
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-16378327
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-27444334
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt03059406
IRS990/OccupancyGrp/TotalAmt03059406
IRS990/OfficeExpensesGrp/ProgramServicesAmt0122163
IRS990/OfficeExpensesGrp/TotalAmt0122163
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Bad Debts
IRS990/OtherExpensesGrp/Desc1MANAGEMENT FEES
IRS990/OtherExpensesGrp/Desc2Consulting Fees
IRS990/OtherExpensesGrp/Desc3food
IRS990/OtherExpensesGrp/ProgramServicesAmt01208722
IRS990/OtherExpensesGrp/ProgramServicesAmt11140724
IRS990/OtherExpensesGrp/ProgramServicesAmt2879236
IRS990/OtherExpensesGrp/ProgramServicesAmt3759848
IRS990/OtherExpensesGrp/TotalAmt01208722
IRS990/OtherExpensesGrp/TotalAmt11140724
IRS990/OtherExpensesGrp/TotalAmt2879236
IRS990/OtherExpensesGrp/TotalAmt3759848
IRS990/OtherLiabilitiesGrp/BOYAmt02840932
IRS990/OtherLiabilitiesGrp/EOYAmt02505819
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt012051687
IRS990/OtherSalariesAndWagesGrp/TotalAmt012051687
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0543098
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0-3053940
IRS990/PriorPeriodAdjustmentsAmt0-5694627
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/Desc0Senior Living Facility
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019775453
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019775453
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt010481700
IRS990/PYProgramServiceRevenueAmt019130686
IRS990/PYRevenuesLessExpensesAmt0-3099481
IRS990/PYSalariesCompEmpBnftPaidAmt011748467
IRS990/PYTotalExpensesAmt022230167
IRS990/PYTotalRevenueAmt019130686
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-5371380
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt020115300
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01557218
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021672518
IRS990ScheduleD/EquipmentGrp/BookValueAmt0147500
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030018
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0177518
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt04009330
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04009330
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0987796
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt041657
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01029453
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03045088
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0717862
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03762950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02505819
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028305014
IRS990ScheduleD/TotalLiabilityAmt02505819
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Elevate was organized April 18, 2017. However, no funding was obtained until January 2018.The tax return was prepared based on the information provided by management of Elevate Housing Foundation. Should additional information become available the tax return will be amended accordingly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board Meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Statement Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt033651372
IRS990/TotalAssetsEOYAmt028372310
IRS990/TotalAssetsGrp/BOYAmt033651372
IRS990/TotalAssetsGrp/EOYAmt028372310
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt0550
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053108
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025093725
IRS990/TotalFunctionalExpensesGrp/TotalAmt025146833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050029699
IRS990/TotalLiabilitiesEOYAmt055816644
IRS990/TotalLiabilitiesGrp/BOYAmt050029699
IRS990/TotalLiabilitiesGrp/EOYAmt055816644
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-16378327
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-27444334
IRS990/TotalProgramServiceExpensesAmt025093725
IRS990/TotalProgramServiceRevenueAmt019775453
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019775453
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019775453
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033651372
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028372310
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt08400000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt08400000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07101 N CICERO AVE 200
IRS990/USAddress/CityNm0LINCOLNWOOD
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060712
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tony Shir
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELEVATE HOUSING FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ELEV
ReturnHeader/Filer/EIN0821235705
ReturnHeader/Filer/PhoneNum07085963050
ReturnHeader/Filer/USAddress/AddressLine1Txt07101 N CICERO AVE 200
ReturnHeader/Filer/USAddress/CityNm0LINCOLNWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060712
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362882027
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Reifler Sharps Schuetz Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09550 Bormet Dr Suite 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mokena
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060448
ReturnHeader/PreparerPersonGrp/PhoneNum03128760100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH D SCHUETZ
ReturnHeader/ReturnTs02022-11-14T06:42:16-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Tony
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shir
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,372,310
Liabilities
$55,816,644
Net assets
-$27,444,334
Revenue
$19,775,453
Expenses
$25,146,833
Net income
-$5,371,380
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.0$68.7$25.7$28.9$25.9$2.95
2023Detailed filing. Detailed filing data is available for this year.$36.8$65.4$28.7$26.4$27.1$0.71
2022Detailed filing. Detailed filing data is available for this year.$32.6$60.6$27.9$24.5$25.0$0.50
2021Detailed filing. Detailed filing data is available for this year.$28.4$55.8$27.4$19.8$25.1$5.37
2020Detailed filing. Detailed filing data is available for this year.$33.7$50.0$16.4$19.1$22.2$3.10
2019Detailed filing. Detailed filing data is available for this year.$32.6$35.8$3.21$14.2$16.4$2.22
2018Summary only. Only limited summary data is available for this year.$8.79$9.78$0.99$4.82$5.72$0.90
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.09$0.09$0.00$0.09$0.09