Bickerdike Redevelopment Corporation

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 12/2021, Bickerdike Redevelopment Corporation employed 93 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 12/2021, Bickerdike Redevelopment Corporation generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Landon Bone Baker Architects
Architectural
$152,099
Urban Relocation Services
Contractor
$213,734
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,002,126
All other contributions, gifts, grants, and similar amounts not included above$316,594
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,318,720
Total Program Service Revenue$1,486,888
Investment income $1,000,616
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$51,930
Net Gain/Loss on Asset Sales $158,374
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,493,644

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Bickerdike Redevelopment Corporation has recieved totaling $143,961.

Awarding OrganizationAmount
Joyce Foundation

Chicago, IL

PURPOSE: MISSION FUND

$41,250
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: CAPACITY BUILDING

$40,000
Elevate Energy

Chicago, IL

PURPOSE: Subgrantee for Building Electrification Program retrofit program

$27,621
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$25,000
W P & H B White Foundation

Northfield, IL

PURPOSE: GENERAL SUPPORT

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$90
View Grant Recipient Profile

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