Schorsch Village Improvement Association Inc
- Assets
- $213.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1941
- Data as of
- 09/2023
- EIN
- 36-6132044
Organization Overview
Schorsch Village Improvement Association Inc is located in Chicago, IL. The organization was established in 1941. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Schorsch Village Improvement Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Schorsch Village Improvement Association Inc generated $98.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $123.6k during the year ending 09/2023. While expenses have increased by 26.5% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Doolin President | 5 | $500 | |
Kevin Kotas Vice President | 2 | $300 | |
Cynthia Marsh Secretary | 2 | $300 | |
Robert Kolman Treasurer | 5 | $500 | |
Patrick Sullivan Sargent At Arms | 2 | $300 | |
Edward Gjertsen Executive Director | 5 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,573 |
| Total Program Service Revenue | $92,867 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$424 |
| Other Revenue | $0 |
| Total Revenue | $98,030 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $873 |
| Salaries, other compensation, and employee benefits | $4,050 |
| Professional fees and other payments to independent contractors | $23,916 |
| Occupancy, rent, utilities, and maintenance | $85,746 |
| Printing, publications, postage, and shipping | $1,494 |
| Other expenses | $6,947 |
| Total expenses | $123,617 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,387 |
| Other assets | $0 |
| Total assets | $213,107 |
| Total liabilities | $0 |
| Net assets or fund balances | $213,107 |