Lester And Rosalie Anixter Center
- Assets
- $9.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 61-1607050
Organization Overview
Lester And Rosalie Anixter Center is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lester And Rosalie Anixter Center 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 06/2022, Lester And Rosalie Anixter Center generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGES HUD ACTIVITY FOR LESTER AND ROSALIE ANIXTER CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUD PROJECTS OF ANIXTER CENTER GROUP OPERATE 124 APARTMENT UNITS FOR QUALIFYING INDIVIDUALS IN ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary M Mcdonnell President | OfficerTrustee | 1 | $0 |
Ellen Garber-Bronfeld Vice President | OfficerTrustee | 1 | $0 |
Eric Gastevich Treasurer | OfficerTrustee | 1 | $0 |
Larry Markin Secretary | OfficerTrustee | 1 | $0 |
Rebecca Clark President & CEO | Officer | 1 | $0 |
Andrea Finnegan Interim CFO | Officer | 1 | $0 |
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 | $1,716,312 |
| Investment income | $691 |
| 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 | $1,724,641 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,080 |
| Fees for services: Accounting | $72,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,718 |
| Advertising and promotion | $0 |
| Office expenses | $58,963 |
| Information technology | $8,213 |
| Royalties | $0 |
| Occupancy | $128,026 |
| Travel | $393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $339,760 |
| Insurance | $104,163 |
| All other expenses | $103,252 |
| Total functional expenses | $1,812,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,733 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,621,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,505,694 |
| Total assets | $9,416,540 |
| Accounts payable and accrued expenses | $463,341 |
| 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 | $978,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $786,303 |
| Total liabilities | $2,228,050 |
| Net assets without donor restrictions | -$1,944,610 |
| Net assets with donor restrictions | $9,133,100 |
| 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 | $9,416,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Lester And Rosalie Anixter Center Chicago, IL | $16,517,406 | $29,142,038 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
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