Kenmore Plaza Tenants Association
- Assets
- $24.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 36-4084071
Organization Overview
Kenmore Plaza Tenants Association is located in Chicago, IL. The organization was established in 1997. 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. Kenmore Plaza Tenants Association 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, Kenmore Plaza Tenants Association generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 10.7% 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
PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME ELDERLY RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION AND MAINTENANCE OF A 324-UNIT APARTMENT COMPLEX IN CHICAGO, IL ACQUIRED WITH A HUD GRANT UNDER THE LOW-INCOME HOUSING PRESERVATION AND HOMEOWNERSHIP ACT OF 1990. DURING THE REPORTING PERIOD, THE ASSOCIATION OPERATED THE PROPERTY FOR THE BENEFIT OF LOW TO MODERATE INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Richardson Director | Trustee | 2 | $0 |
Sylvia Schluter Sec/tres | OfficerTrustee | 4 | $0 |
Carolynn Ediger Director | OfficerTrustee | 4 | $0 |
Anne Sullivan President | Trustee | 2 | $0 |
Irene Lawton Director | Trustee | 2 | $0 |
Marat Vilensky Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,316 |
| 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 | $118,316 |
| Total Program Service Revenue | $4,602,920 |
| Investment income | $951 |
| 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 | $4,722,187 |
| 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 | $451,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,752 |
| Payroll taxes | $37,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,903 |
| Fees for services: Accounting | $9,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,750 |
| Office expenses | $67,258 |
| 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 | $623,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,397,817 |
| Insurance | $124,331 |
| All other expenses | $762,867 |
| Total functional expenses | $4,772,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,166,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,098 |
| 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 | $143,846 |
| Net Land, buildings, and equipment | $19,972,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $557,249 |
| Other assets | $2,769,328 |
| Total assets | $24,625,153 |
| Accounts payable and accrued expenses | $472,058 |
| Grants payable | $0 |
| Deferred revenue | $5,524 |
| 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 | $21,927,169 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $103,828 |
| Total liabilities | $22,508,579 |
| Net assets without donor restrictions | $2,116,574 |
| 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 | $24,625,153 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kenmore Plaza Tenants Association has recieved totaling $50,003.
| Awarding Organization | Amount |
|---|---|
Greater Chicago Food Depository Chicago, IL PURPOSE: DISTRIBUTE TO THE HUNGRY | $50,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Peace Village Palos Park, IL | $24,451,475 | $12,276,916 |
Retirement Research Foundation Chicago, IL | $0 | $4,600,406 |