Jfmc Facilities Corporation
- Assets
- $128.9m
- Revenue
- $34.3m
- Investments
- $2.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1985
- Data as of
- 06/2023
- EIN
- 36-3368912
Organization Overview
Jfmc Facilities Corporation is located in Chicago, IL. The organization was established in 1985. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jfmc Facilities 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 06/2023, Jfmc Facilities Corporation generated $34.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $24.4m during the year ending 06/2023. While expenses have increased by 0.1% 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.
Since 2015, Jfmc Facilities Corporation has awarded 13 individual grants totaling $2,745,321. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN, OPERATE AND ADMINISTER REAL ESTATE PROPERTIES AND RELATED ACTIVITIES FOR THE BENEFIT OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND ITS NETWORK OF AFFILIATED AND BENEFICIARY AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE AND EXCLUSIVE PROGRAM OF FACCORP IS TO OWN, OPERATE AND MANAGE FACILITIES AND PROPERTIES (34 LOCATIONS) FOR THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND ITS AFFILIATE AND BENEFICIARY AGENCIES. THESE AGENCIES OPERATE THE PROGRAMS THAT PROVIDE ASSISTANCE TO 500,000 NEEDY CHICAGOANS OF ALL FAITHS INCLUDING: MEALS AND GROCERIES, UTILITY AND RENT ASSISTANCE, PRESCRIPTIONS AND MEDICAL CARE; JOB TRAINING AND PLACEMENT; THERAPEUTIC SCHOOL AND CARE FOR CHILDREN WITH DISABILITIES; SUPPORT SERVICES FOR HOLOCAUST SURVIVORS; ASSISTED LIVING, ALZHEIMER'S CARE AND TRANSPORTATION FOR SENIORS; RESPITE SERVICES FOR CAREGIVERS OF SENIORS AND PEOPLE WITH DISABILITIES; COUNSELING, PREVENTION AND INTERVENTION FOR TROUBLED TEENS; AND AN ENTIRE CONTINUUM OF PREVENTION AND THERAPEUTIC SERVICES FOR INDIVIDUALS AND FAMILIES IN CRISIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonnie Nasatir President/ceo | OfficerTrustee | 5 | $47,107 |
David Golder Chairman | OfficerTrustee | 2 | $0 |
Steven Greenbaum Secretary/treasurer | OfficerTrustee | 2 | $0 |
Michael Fishman Asst Secy/asst Treasurer | OfficerTrustee | 2 | $0 |
Boaz Blumovitz Assistant Secretary & CFO | Officer | 5 | $62,966 |
Jerry Deangelis Asst Secy & Executive Director | Officer | 50 | $203,170 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interior Alterations Inc Renovation, Remodeling And Construction | 6/29/23 | $495,445 |
Securitas Security Svcs Usa Inc Security | 6/29/23 | $471,120 |
Eurest Dining Services Food Service & Management | 6/29/23 | $374,412 |
Ron's Landscape & Snow Removal Grounds Care & Snow Removal | 6/29/23 | $232,700 |
Sas Architects & Planners Architectural Design Services | 6/29/23 | $205,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,860,168 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,000 |
| Noncash contributions included in lines 1a–1f | $120,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,980,168 |
| Total Program Service Revenue | $21,312,891 |
| Investment income | $2,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,008 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,304,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,031 |
| 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. | $375,494 |
| Compensation of current officers, directors, key employees. | $82,933 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,260,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $595,899 |
| Payroll taxes | $397,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,351 |
| Fees for services: Accounting | $235,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,613 |
| Advertising and promotion | $0 |
| Office expenses | $6,395 |
| Information technology | $174,539 |
| Royalties | $0 |
| Occupancy | $3,626,900 |
| Travel | $143,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $747 |
| Interest | $2,782,576 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,258,389 |
| Insurance | $215,774 |
| All other expenses | $47,538 |
| Total functional expenses | $24,393,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,221 |
| Savings and temporary cash investments | $3,906,850 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $971,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,354,645 |
| Inventories for sale or use | $1 |
| Prepaid expenses and deferred charges | $2,771,371 |
| Net Land, buildings, and equipment | $102,392,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,514,673 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $727,204 |
| Total assets | $128,906,549 |
| Accounts payable and accrued expenses | $1,793,112 |
| Grants payable | $0 |
| Deferred revenue | $1,194,791 |
| Tax-exempt bond liabilities | $39,817,540 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,376,154 |
| Unsecured mortgages and notes payable | $22,334,260 |
| Other liabilities | $24,555,465 |
| Total liabilities | $91,071,322 |
| Net assets without donor restrictions | $37,776,574 |
| Net assets with donor restrictions | $58,653 |
| 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 | $128,906,549 |
Grants Awarded
Over the last fiscal year, Jfmc Facilities Corporation has awarded $201,574 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL FOR JEWISH ELDERLY PURPOSE: Endowment distribution to subsidize rent expense | $27,767 |
JEWISH FEDERATION OF METROPOLITAN CHICAGO PURPOSE: Security | $173,807 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jfmc Facilities Corporation Chicago, IL | $128,906,549 | $34,304,970 |
The New Bohemian Innovation Collaborative Inc Cedar Rapids, IA | $841,737 | $2,714,657 |
Center For Nonprofit Excellence Louisville, KY | $1,297,288 | $1,438,398 |
West Side Parking Corporation Chicago, IL | $11,926,517 | $410,262 |
Directors Council Des Moines, IA | $717,359 | $234,796 |
College And University Sustainability Project Inc Evansville, IN | $0 | $212,597 |
Tax Credit Benevolent Association St Louis, MO | $2,534,284 | $1,284,210 |
Egalitary Inc Chicago, IL | $18,449 | $0 |
Elite Global Impact Wood Dale, IL | $0 | $125 |