St Bernard Housing Development Corporation
- Assets
- $602.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 36-4322147
Organization Overview
St Bernard Housing Development Corporation is located in Chicago, IL. The organization was established in 1946. 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. St Bernard Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF ST. BERNARD HOUSING DEVELOPMENT CORPORATION IS TO DEVELOP AFFORDABLE HOUSING AND PROMOTE OTHER ECONOMIC DEVELOPMENT ACTIVITIES IN THE COMMUNITY IT SERVES SURROUNDING ST. BERNARD HOSPITAL, A RELATED TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ST. BERNARD HOUSING DEVELOPMENT CORPORATION WAS CREATED IN 1999 AS A NONPROFIT SUBSIDIARY OF ST. BERNARD HOSPITAL. ITS SPECIFIC PURPOSE IS TO DEVELOP AFFORDABLE HOUSING AND PROMOTE OTHER ECONOMIC DEVELOPMENT ACTIVITIES IN THE COMMUNITY SURROUNDING ST. BERNARD HOSPITAL. THIS WOULD PROVIDE A MORE STABLE, HEALTHY, AND SAFE NEIGHBORHOOD AROUND THE HOSPITAL. THE TARGET AREA OF ST. BERNARD HOUSING DEVELOPMENT CORP. IS THE CHICAGO COMMUNITY OF ENGLEWOOD. THE MAJOR PROJECT OF ST. BERNARD HOUSING DEVELOPMENT CORP. IS BERNARD PLACE, AN AFFORDABLE HOUSING DEVELOPMENT OF SINGLE-FAMILY AND TWO FLAT HOMES. IN PHASE I OF BERNARD PLACE, 63 HOMES WERE BUILT AND SOLD IN A TWO BLOCK AREA IMMEDIATELY SOUTH OF ST. BERNARD HOSPITAL, MAKING A TREMENDOUS IMPACT IN REVITALIZING A NEIGHBORHOOD AREA LONG BLIGHTED BY ABANDONMENT AND VACANT LOTS. THESE HOMES REPRESENTED THE FIRST NEWLY CONSTRUCTED FOR SALE HOUSING IN THE NEIGHBORHOOD IN WELL OVER 30 YEARS, AND MARK A NEARLY $16 MILLION INVESTMENT IN NEW BUILDING. THE DEVELOPMENT WAS BUILT IN COLLABORATION WITH THE CITY OF CHICAGO'S NEW HOMES FOR CHICAGO PROGRAM, WHICH PROVIDES SUBSIDIES FOR QUALIFIED HOMEBUYERS. IN 2004, ST. BERNARD HOUSING DEVELOPMENT CORPORATION WAS AWARDED THE RICHARD H. DRIEHAUS FOUNDATION AWARD FOR OUTSTANDING NONPROFIT NEIGHBORHOOD REAL ESTATE PROJECT. CURRENTLY, ST. BERNARD HOUSING DEVELOPMENT CORP. HAS PARTNERED WITH CHICAGO NEIGHBORHOOD INITIATIVES IN DEVELOPING PHASE II OF BERNARD PLACE. SEVEN ADDITIONAL HOMES, INCLUDING A MODEL HAVE BEEN BUILT TO DATE IN PHASE II. ADDITIONAL PLANS FOR PHASE II & PHASE III ARE ON HOLD UNTIL THE HOUSING MARKET IMPROVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair, Treasurer & Chief Of Staff | OfficerTrustee | 1 | $0 |
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 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 | $0 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $655 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $541,708 |
| Net Land, buildings, and equipment | $32,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,068 |
| Accounts payable and accrued expenses | $3,515 |
| 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 | $0 |
| Total liabilities | $3,515 |
| Net assets without donor restrictions | $598,553 |
| 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 | $602,068 |