Full Circle Communities Inc
- Assets
- $146.2m
- Revenue
- $65.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2001
- Data as of
- 12/2021
- 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 12/2021, Full Circle Communities Inc generated $65.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 10.1% 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
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 250 UNIT APARTMENT COMMUNITY (GOODLETTE ARMS APARTMENTS) LOCATED IN NAPLES, FLORIDA, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROPERTY WAS SOLD DURING 2021.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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Wilmoth President & CEO | Officer | 40 | $232,752 |
Lindsey Haines VP Real Estate Development | Officer | 40 | $124,207 |
Susan DE Fratus Former Treasurer | Officer | 40 | $93,163 |
Martin Pinsky Director | OfficerTrustee | 2 | $0 |
David Gottlieb Board Chair & Director | OfficerTrustee | 2 | $0 |
Stanley Stevens Former Secretary & Director | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Novak Construction Company Construction | 12/30/19 | $1,183,892 |
Johnson Controls Fire Protection Fire Protection | 12/30/19 | $362,200 |
Oracle Elevator Elevator | 12/30/19 | $115,882 |
Renfroe & Jackson Inc Landscaping | 12/30/19 | $114,671 |
Epic Insurance Insurance | 12/30/19 | $321,796 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,306,954 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,401,454 |
| Total Program Service Revenue | $3,855,806 |
| Investment income | $635,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,327,748 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,892,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $790 |
| 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 | $2,434,818 |
| Pension plan accruals and contributions | $53,171 |
| Other employee benefits | $167,206 |
| Payroll taxes | $184,753 |
| Fees for services: Management | $177,642 |
| Fees for services: Legal | $62,802 |
| Fees for services: Accounting | $47,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $380,800 |
| Advertising and promotion | $6,943 |
| Office expenses | $383,922 |
| Information technology | $71,087 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,135 |
| Interest | $391,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $711,313 |
| Insurance | $159,331 |
| All other expenses | $158 |
| Total functional expenses | $6,471,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,509,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,651 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,627,544 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $119,276 |
| Net Land, buildings, and equipment | $53,393,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,324,585 |
| Intangible assets | $566,499 |
| Other assets | $2,554,594 |
| Total assets | $146,223,116 |
| Accounts payable and accrued expenses | $288,209 |
| Grants payable | $0 |
| Deferred revenue | $70,258 |
| 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 | $46,222,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,082,327 |
| Total liabilities | $47,663,680 |
| Net assets without donor restrictions | $98,559,436 |
| 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 | $146,223,116 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Full Circle Communities Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beyond Housing Inc Pine Lawn, MO | $38,518,173 | $15,419,086 |
Insight Development Corporation Indianapolis, IN | $86,054,404 | $6,705,659 |
Center For Veterans Issues Inc Milwaukee, WI | $5,642,001 | $8,532,002 |
Full Circle Communities Inc Chicago, IL | $146,223,116 | $65,892,596 |
Heartland Housing Inc Chicago, IL | $62,362,364 | $6,250,781 |
Habitat For Humanity International Inc Wheaton, IL | $6,181,970 | $4,027,950 |
Invest Dsm Des Moines, IA | $13,108,701 | $110,576 |
Housing Oriented Ministries Established For Services Inc Whitesburg, KY | $4,625,979 | $1,907,969 |
Heartland Independent Living Center Owensville, MO | $2,130,293 | $2,069,322 |
Neighborhood Development Corp Des Moines, IA | $6,803,177 | $2,495,754 |
Hamilton County Area Neighborhood Development Inc Noblesville, IN | $13,954,467 | $2,220,714 |
Community One Inc Evansville, IN | $1,463,104 | $1,126,647 |