Chicago Trail Village Inc
- Assets
- $1.5m
- Revenue
- $901.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New Carlisle, IN
- Founding
- 08/1980
- Data as of
- 06/2021
- EIN
- 31-0990629
Organization Overview
Chicago Trail Village Inc is located in New Carlisle, IN. The organization was established in 1980. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Trail Village Inc 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 06/2021, Chicago Trail Village Inc generated $901.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $876.8k during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHICAGO TRAIL VILLAGE, INC. PROVIDES AFFORDABLE HUD HOUSING, PROGRAMS AND SERVICES FOR OLDER ADULTS. ESTIMATED RESIDENTS' SAVINGS FOR FYE JUNE 30, 2021 AMOUNTED TO $250,000.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHICAGO TRAIL VILLAGE (CTV) IS A NON-PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES RETIREMENT HOUSING SERVICES TO OVER 100 RESIDENTS ON A 250-ACRE CAMPUS. CTV IS AFFILIATED WITH A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) KNOWN AS HAMILTON GROVE. CTV'S SERVICES ARE INTEGRATED INTO HAMILTON'S SERVICES. CTV PROVIDES INDEPENDENT-LIVING HOUSING SERVICES. RESIDENTS IN CTV ARE ELIGIBLE FOR ADVANCED SERVICES OFFERED AT HAMILTON GROVE, INCLUDING ASSISTED LIVING AND SKILLED NURSING. CTV RESIDENTS PAY A SUBSIDIZED MONTHLY FEE FOR RENT. WE ESTIMATE THAT CTV RESIDENTS SAVED $250,000 IN FY 2021 BY HAVING THIS AFFORDABLE HOUSING SERVICE AVAILABLE TO THEM AND STAYING OFF OTHER PUBLIC ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kalvin Morrison Vice Chair | OfficerTrustee | 1 | $0 |
David Millar Chair | OfficerTrustee | 1 | $0 |
Scott Martin Treasurer | Officer | 0.4 | $0 |
Rydell Bontrager Secretary | Officer | 0.1 | $0 |
Aimee Riemke Assistant Secretary | Officer | 0.1 | $0 |
Carlos Romero President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $902,567 |
| Investment income | $121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,009 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $901,274 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,494 |
| Pension plan accruals and contributions | $7,962 |
| Other employee benefits | $31,804 |
| Payroll taxes | $12,484 |
| Fees for services: Management | $47,122 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $15,832 |
| Advertising and promotion | $0 |
| Office expenses | $22,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,325 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303 |
| Interest | $210,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,306 |
| Insurance | $20,559 |
| All other expenses | $0 |
| Total functional expenses | $876,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $730,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $748,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,479,463 |
| Accounts payable and accrued expenses | $28,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,753,905 |
| Escrow or custodial account liability | $40,740 |
| 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 | $226,340 |
| Total liabilities | $3,049,583 |
| Net assets without donor restrictions | -$1,570,120 |
| Net assets with donor restrictions | $0 |
| 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 | $1,479,463 |
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|---|---|---|
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