West Side Realty Co
- Assets
- $57.6m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Chicago, IL
- Founding
- 12/1968
- Data as of
- 12/2022
- EIN
- 36-6492502
Organization Overview
West Side Realty Co is located in Chicago, IL. The organization was established in 1968. According to its NTEE Classification (J19) the organization is classified as: Support N.E.C., under the broad grouping of Employment and related organizations. As of 12/2022, West Side Realty Co employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Side Realty Co is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2022, West Side Realty Co generated $6.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE, IMPROVE, MAINTAIN, OWN AND LEASE REAL ESTATE PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE, MANAGE AND MAINTAIN REAL ESTATE PROPERTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Gianaras Director | Trustee | 0.3 | $0 |
Dan Thomas Treasurer | Trustee | 0.3 | $0 |
Duane Mattingly Director | Trustee | 0.3 | $0 |
Joseph M Bakes President | Trustee | 0.3 | $0 |
Juan C Campos Director | Trustee | 0.3 | $0 |
Gregory Foster Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smart Elevators Co Elevator Service | 12/30/20 | $867,731 |
Golf Construction Leasehold Improvements | 12/30/20 | $661,488 |
Bear Construction Leasehold Improvementsleasehold Improvem | 12/30/20 | $395,069 |
Securitas Security Services Usa Inc Security Solutions | 12/30/20 | $602,520 |
Mesirowmesirowmesirowmesirowmesi Financial Institutionfinancial Institu | 12/30/20 | $117,109 |
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 | $6,395,465 |
| Investment income | $0 |
| 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 | $6,395,465 |
| 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 | $912,273 |
| Pension plan accruals and contributions | $122,333 |
| Other employee benefits | $246,532 |
| Payroll taxes | $81,065 |
| Fees for services: Management | $31,164 |
| Fees for services: Legal | $19,491 |
| Fees for services: Accounting | $6,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,023 |
| Advertising and promotion | $0 |
| Office expenses | $80,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $445,319 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497,400 |
| Insurance | $124,886 |
| All other expenses | $44,584 |
| Total functional expenses | $5,501,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,592,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,617 |
| 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 | $245,198 |
| Net Land, buildings, and equipment | $40,777,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,828,586 |
| Total assets | $57,580,472 |
| Accounts payable and accrued expenses | $2,374,430 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $88,691 |
| Total liabilities | $2,463,121 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $50,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $35,518,517 |
| Retained earnings, endowment, accumulated income, or other funds | $19,548,834 |
| Total liabilities and net assets/fund balances | $57,580,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-America Carpenters Regional Benefit Services Inc St Louis, MO | $452,609 | $6,662,896 |
West Side Realty Co Chicago, IL | $57,580,472 | $6,395,465 |
Love My Job Training Center Columbia, MO | $168,922 | $587,163 |
Appleton Labor Temple Association Inc Appleton, WI | $0 | $37,156 |
Professional Examination Service Iowa City, IA | $0 | $1,000 |