Southside Community Housing Corporation
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $1.7m
- Employees
- 0
- Location
- Peoria, IL
- Founding
- 04/1982
- Data as of
- 06/2022
- EIN
- 37-1107464
Organization Overview
Southside Community Housing Corporation is located in Peoria, IL. The organization was established in 1982. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Southside Community Housing Corporation 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 06/2022, Southside Community Housing Corporation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
PROVIDES HOUSING FACILITIES AND SERVICES TO THE ELDERLY AND HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING FACILITIES AND SERVICES TO THE ELDERLY AND HANDICAPPED. 100 HOUSING UNITS AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Simpson Secretary | OfficerTrustee | 0.5 | $0 |
William Purcell President | OfficerTrustee | 0.5 | $0 |
Tom Wiegand Treasurer | OfficerTrustee | 0.5 | $0 |
Sandy Post Board Member | Trustee | 0.5 | $0 |
Dave Schaab Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Cottingham Property Management Co Mgmt/acctg/tech/ins/repair Reimbursement | 6/29/22 | $282,085 |
Pinnacle Security Innovations General Security | 6/29/22 | $118,603 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $991,678 |
| 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 | $991,678 |
| Total Program Service Revenue | $201,679 |
| Investment income | $3,141 |
| 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 | $1,199,392 |
| 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 | $113,898 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,720 |
| Payroll taxes | $9,072 |
| Fees for services: Management | $72,634 |
| Fees for services: Legal | $3,909 |
| Fees for services: Accounting | $15,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,570 |
| Office expenses | $62,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,871 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130,317 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,198 |
| Insurance | $44,809 |
| All other expenses | $0 |
| Total functional expenses | $1,207,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,754 |
| Savings and temporary cash investments | $23,419 |
| 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 | $30,222 |
| Net Land, buildings, and equipment | $1,271,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,661,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,008 |
| Total assets | $3,117,881 |
| Accounts payable and accrued expenses | $34,841 |
| 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 | $4,520,617 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,328 |
| Total liabilities | $4,586,786 |
| Net assets without donor restrictions | -$1,468,905 |
| 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 | $3,117,881 |
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