Little City For Community Development
- Assets
- $3.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Inverness, IL
- Founding
- 09/1984
- Data as of
- 06/2022
- EIN
- 36-3296351
Organization Overview
Little City For Community Development is located in Inverness, IL. The organization was established in 1984. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Little City For Community Development 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 06/2022, Little City For Community Development generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $896.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. 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
PROVIDE INDIVIDUALS WHO HAVE DEVELOPMENTAL DISABILITIES WITH LOW INCOME HOUSING AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITTLE CITY FOR COMMUNITY DEVELOPMENT PROVIDES LOW INCOME HOUSING TO ADULTS WITH DEVELOPMENTAL DISABILITIES. THERE ARE THREE EIGHT-UNIT GROUP HOMES IN THE LOCAL COMMUNITY AND 54 APARTMENT UNITS IN THREE BUILDINGS KNOWN AS THE PORT FAMILY CENTER. DURING FISCAL 2022, 365 DAYS OF SERVICE WERE PROVIDED RESULTING IN 25,343 UNITS OF PROGRAM SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Burns President | OfficerTrustee | 0.5 | $0 |
Heather Ritter Executive Vice President | OfficerTrustee | 0.5 | $0 |
Andy Richmond Vice President | OfficerTrustee | 0.5 | $0 |
Tim Desmond Vice President | OfficerTrustee | 0.5 | $0 |
Dale Rublaitus Vice President | OfficerTrustee | 0.5 | $0 |
Jeff Krug Trasurer | OfficerTrustee | 0.5 | $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 | $1,039,042 |
| Investment income | $1,216 |
| 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 | $1,040,258 |
| 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 | $189,560 |
| Pension plan accruals and contributions | $1,631 |
| Other employee benefits | $33,949 |
| Payroll taxes | $14,502 |
| Fees for services: Management | $62,990 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,782 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $308,756 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,691 |
| Insurance | $0 |
| All other expenses | $10 |
| Total functional expenses | $896,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,989 |
| 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 | $26,042 |
| Net Land, buildings, and equipment | $1,107,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,680,065 |
| Total assets | $3,848,241 |
| Accounts payable and accrued expenses | $3,772 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,000,000 |
| 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 | $2,013,256 |
| Total liabilities | $7,017,028 |
| Net assets without donor restrictions | -$3,168,787 |
| 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 | $3,848,241 |