820 W Belle Plaine Cooperative
- Assets
- $5.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Chicago, IL
- Founding
- 12/1995
- Data as of
- 09/2023
- EIN
- 36-3998606
Organization Overview
820 W Belle Plaine Cooperative is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, 820 W Belle Plaine Cooperative employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 820 W Belle Plaine Cooperative 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 09/2023, 820 W Belle Plaine Cooperative generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.0m during the year ending 09/2023. While expenses have increased by 1.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW - INCOME TENANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT PROVIDES AFFORDABLE HOUSING TO ELIGIBLE LOW - INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED PURSUANT TO HUD GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lasun Omotunwashe President | OfficerTrustee | 4 | $0 |
Hilda Lainjo Vice President | OfficerTrustee | 4 | $0 |
Charisse Harris Director | Trustee | 4 | $0 |
Sylvia Juarez Secretary | OfficerTrustee | 4 | $0 |
Vera Lekakh Secretary | OfficerTrustee | 4 | $0 |
Celestin Nounkwa Treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldforce Security Solutions Security Services | 9/29/23 | $162,200 |
Prairie Management & Development Inc Management | 9/29/23 | $249,509 |
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 | $2,388,497 |
| Investment income | $21,143 |
| 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 | $2,448,698 |
| 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 | $346,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,080 |
| Payroll taxes | $31,503 |
| Fees for services: Management | $217,606 |
| Fees for services: Legal | $18,167 |
| Fees for services: Accounting | $35,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $484 |
| Office expenses | $20,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $757,645 |
| Insurance | $155,864 |
| All other expenses | $172,805 |
| Total functional expenses | $2,955,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,305 |
| 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 | $240,243 |
| Net Land, buildings, and equipment | $3,240,156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $61,425 |
| Other assets | $1,744,886 |
| Total assets | $5,554,358 |
| Accounts payable and accrued expenses | $516,792 |
| Grants payable | $0 |
| Deferred revenue | $5,896 |
| 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 | $118,288 |
| Total liabilities | $640,976 |
| Net assets without donor restrictions | $4,913,382 |
| 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 | $5,554,358 |