Bickerdike Redevelopment Corporation
- Assets
- $92.1m
- Revenue
- $12.2m
- Investments
- $5.7m
- Employees
- 100
- Location
- Chicago, IL
- Founding
- 01/1972
- Data as of
- 12/2022
- EIN
- 23-7087890
Organization Overview
Bickerdike Redevelopment Corporation is located in Chicago, IL. The organization was established in 1972. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Bickerdike Redevelopment Corporation employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bickerdike Redevelopment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bickerdike Redevelopment Corporation generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT - BICKERDIKE HAS DEVELOPED 2,060 UNITS OF SAFE, QUALITY, AFFORDABLE HOUSING IN 264 BUILDINGS. WE PROVIDED HOMES FOR NEARLY 3,500 RESIDENTS AND ENSURE THAT THE PROPERTIES REMAIN AFFORDABLE FOR LONG TERM.
COMMERCIAL & ASSET MANAGEMENT - THE COMMERCIAL & ASSET PROGRAM IS INVOLVED WITH PROVIDING A VARIETY OF SERVICES TO THE COMMUNITY. WE HAVE SEVERAL COMMERCIAL SPACES WHICH ARE ALL LEASED TO OPERATORS WHO PROVIDE A WIDE RANGE OF NEEDED SERVICES TO LOCAL RESIDENTS. ONE OF OUR COMMERCIAL SPACES IS LEASED FOR THE OPERATION OF A FRESH MARKET AND GROCERY STORE THAT PROVIDES EASY ACCESS FOR COMMUNITY RESIDENTS TO FRESH, HEALTHY FOODS AT REASONABLE PRICES, AS WELL AS PROVIDING JOBS TO THE NEIGHBORHOOD RESIDENTS THROUGH A LOCAL EMPLOYMENT AGREEMENT. OUR SPACE KNOWN AS THE CALIFORNIA PARKING LOT IS LEASED TO A ERIE FAMILY HEALTH CENTER THAT SERVICES THE LOCAL COMMUNITY, PROVIDING LOW COST PARKING FOR ITS EMPLOYEES IN AN AREA WHERE PARKING IS SCARCE. THROUGH OUR LA ESTANCIA COMMERCIAL SPACES, WE RENT SPACE TO A DAY CARE CENTER SERVING LOCAL FAMILIES WITH DAY CARE AND AFTER SCHOOL PROGRAMMING; LEASE SPACE TO A LOCAL NOT FOR PROFIT FOR THE OPERATION OF A DIABETES PREVENTION PROGRAM; AS WELL AS SPACE FOR AUXILIARY CLASSROOMS FOR AN ALTERNATIVE HIGH SCHOOL AND THROUGH OUR ZAPATA COMMERCIAL SPACE WE LEASE SPACE TO A NON-PROFIT PROVIDER OF EMPLOYMENT AND SOCIAL SERVICES. OUR ASSET MANAGEMENT ACTIVITIES INCLUDE OVERSIGHT AND ACTIVITY RELATED TO OUR INTEREST IN THE ABOVE ASSETS, AS WELL AS OUR QUALITY AFFORDABLE HOUSING WHICH PROVIDES 2,060 UNITS OF BADLY NEEDED AFFORDABLE HOUSING IN OUR COMMUNITY.
HOUSING RELATED SERVICES: TO PERFORM SERVICES FOR SENIOR CITIZENS INCLUDING MINOR REPAIRS AND ACCESSIBILITY IMPROVEMENTS TO HELP SENIORS LIVE IN THEIR HOMES INDEPENDENTLY AS WELL AS TECHNICAL AND HOUSING RELATED INFORMATION PROVIDED TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifton Johnson President | OfficerTrustee | 1.5 | $0 |
Alfredo Calixto Vice-President | OfficerTrustee | 1.5 | $0 |
Colin Bird-Martinez Treasurer | OfficerTrustee | 1.5 | $0 |
Cynthia Lloyd Secretary | OfficerTrustee | 1.5 | $0 |
Jason Ben Director | Trustee | 1.5 | $0 |
Greg Bork Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landon Bone Baker Architects Architectural | 12/30/22 | $442,821 |
Rubinbrown Llp Accountancy | 12/30/22 | $100,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,228 |
| Total Program Service Revenue | $2,618,873 |
| Investment income | $2,167,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,097 |
| Net Gain/Loss on Asset Sales | $83,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,182,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $894,246 |
| Compensation of current officers, directors, key employees. | $89,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,967,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,443 |
| Advertising and promotion | $0 |
| Office expenses | $104,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $5,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210 |
| Insurance | $111,228 |
| All other expenses | $116,054 |
| Total functional expenses | $5,069,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,296,445 |
| Savings and temporary cash investments | $4,227,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,857,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,211,686 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $106,334 |
| Net Land, buildings, and equipment | $1,379,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,724,832 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,340,447 |
| Total assets | $92,144,334 |
| Accounts payable and accrued expenses | $648,560 |
| Grants payable | $0 |
| Deferred revenue | $2,589 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,743 |
| Total liabilities | $695,892 |
| Net assets without donor restrictions | $90,189,274 |
| Net assets with donor restrictions | $1,259,168 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $92,144,334 |