Touchette Elderly Apartments I Inc
- Assets
- $3.5m
- Revenue
- $970.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 04/1995
- Data as of
- 12/2021
- EIN
- 31-1778457
Organization Overview
Touchette Elderly Apartments I Inc is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Touchette Elderly Apartments I Inc employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Touchette Elderly Apartments I 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 12/2021, Touchette Elderly Apartments I Inc generated $970.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $969.2k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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
TO PROVIDE SENIORS WITH AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR AFFORDABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ritter Director | Trustee | 40 | $66,981 |
Dale Fiedler Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Rich Gonzalez VP And General Manager | OfficerTrustee | 0.5 | $0 |
Larry Mc Culley President | OfficerTrustee | 0.5 | $0 |
Harold Knutson Director | Trustee | 0.5 | $0 |
Luther Jackson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,707 |
| 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 | $39,707 |
| Total Program Service Revenue | $921,948 |
| Investment income | $607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $970,776 |
| 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 | $158,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,471 |
| Payroll taxes | $12,165 |
| Fees for services: Management | $60,900 |
| Fees for services: Legal | $10,500 |
| Fees for services: Accounting | $9,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $41,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,345 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,209 |
| Insurance | $16,277 |
| All other expenses | $1,358 |
| Total functional expenses | $969,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,631 |
| 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 | $2,938,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475,966 |
| Total assets | $3,484,170 |
| Accounts payable and accrued expenses | $77,974 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,858,822 |
| Total liabilities | $5,936,796 |
| Net assets without donor restrictions | $0 |
| 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 | -$2,452,626 |
| Total liabilities and net assets/fund balances | $3,484,170 |
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