Full Circle Communities Inc
- Assets
- $337.3m
- Revenue
- $30.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 36-4382850
Organization Overview
Full Circle Communities Inc is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Full Circle Communities 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 12/2023, Full Circle Communities Inc generated $30.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $31.2m during the year ending 12/2023. 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
THE ORGANIZATION WAS ESTABLISHED TO PROMOTE, ACQUIRE, MANAGE AND MAINTAIN HOUSING PRIMARILY FOR LOW AND MODERATE INDIVIDUALS AND FAMILIES, ELDERLY INDIVIDUALS AND FAMILIES, AND/OR HANDICAPPED INDIVIDUALS AND FAMILIES. THE ORGANIZATION MAY ALSO PROVIDE ADDITIONAL SERVICES AND EDUCATIONAL OPPORTUNITIES TO THE INDIVIDUALS RESIDING IN SUCH HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION DEVELOPS AND FACILITATES THE DEVELOPMENT OF AFFORDABLE, SAFE, GOOD QUALITY, AND WELL-MAINTAINED HOUSING.ORGANIZATION OWNS AND OPERATES A 34 SINGLE ROOM OCCUPANCY APARTMENT BUILDING (SAWYER SRO) LOCATED IN CHICAGO, ILLINOIS.ORGANIZATION OWNS AND OPERATES A 60 UNIT APARTMENT COMMUNITY (BRAINERD SENIOR CENTER) LOCATED IN CHICAGO, ILLINOIS.ORGANIZATION OWNS AND OPERATES A 70 UNIT APARTMENT COMMUNITY (LIBERTY LAKE APARTMENTS) LOCATED IN ILLINOIS.ORGANIZATION OWNS AND OPERATES A 25 UNIT APARTMENT COMMUNITY (PEARL STREET COMMONS) LOCATED IN MCHENRY, ILLINOIS.ORGANIZATION OWNS AND OPERATES A 117 UNIT APARTMENT COMMUNITY (WESTBROOK PLACE APARTMENTS & RESIDENCES AT WESTBROOK) LOCATED IN BATTLE CREEK, MICHIGAN.ORGANIZATION OWNS AND OPERATES A 74 UNIT APARTMENT COMMUNITY (LANSING SOUTH APARTMENTS) LOCATED IN LANSING, ILLINOIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton Pinsky Director | Trustee | 2 | $0 |
Martin Pinsky Director | Trustee | 2 | $0 |
David Gottlieb Director | Trustee | 2 | $0 |
Linda Thurmond Director | Trustee | 0.2 | $0 |
Nicholas Brunick Director | Trustee | 0.2 | $0 |
Tony Hernandez Board Chair & Director | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bc Davenport Legal | 12/30/23 | $562,463 |
Sc Services Llc Owners Representation | 12/30/23 | $323,297 |
Dauby O'connor & Zaleski Llc Accounting | 12/30/23 | $285,197 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $615,358 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,570,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,185,358 |
| Total Program Service Revenue | $23,190,782 |
| Investment income | $958,011 |
| 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 | $30,220,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,500 |
| 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 | $5,282,385 |
| Pension plan accruals and contributions | $85,870 |
| Other employee benefits | $328,898 |
| Payroll taxes | $413,264 |
| Fees for services: Management | $332,321 |
| Fees for services: Legal | $562,463 |
| Fees for services: Accounting | $278,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $269,001 |
| Advertising and promotion | $45,017 |
| Office expenses | $971,274 |
| Information technology | $58,308 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $91,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,873 |
| Interest | $3,891,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,977,402 |
| Insurance | $958,914 |
| All other expenses | $601,756 |
| Total functional expenses | $31,155,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,429,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $907,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,706,797 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,035 |
| Net Land, buildings, and equipment | $245,420,083 |
| Investments—publicly traded securities | $7,031,920 |
| Investments—other securities | $0 |
| Investments—program-related | $674,906 |
| Intangible assets | $3,598,867 |
| Other assets | $40,564,167 |
| Total assets | $337,341,074 |
| Accounts payable and accrued expenses | $14,171,708 |
| Grants payable | $0 |
| Deferred revenue | $169,081 |
| 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 | $145,760,453 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,085,863 |
| Total liabilities | $166,187,105 |
| Net assets without donor restrictions | $171,153,969 |
| 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 | $337,341,074 |