Senior Citizens Housing Development Corporation Of Chicago
- Assets
- $5.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Plantation, FL
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 52-1156674
Organization Overview
Senior Citizens Housing Development Corporation Of Chicago, operating under the name Prete Apt & Senate Apt, is located in Plantation, FL. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Prete Apt & Senate Apt employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prete Apt & Senate Apt 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, Prete Apt & Senate Apt generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.6m 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
OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Ribeiro Director | Officer | 0.7 | $0 |
John Olsen Vice Preside | OfficerTrustee | 0.5 | $0 |
Marjorie Slisz Director | Trustee | 0.1 | $0 |
Thomas Applegate Director | Trustee | 0.1 | $0 |
Maxine Carter Director | Trustee | 0.1 | $0 |
Maria Cordone Secretary | OfficerTrustee | 0.3 | $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 | $3,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,325 |
| Total Program Service Revenue | $4,241,680 |
| Investment income | $875 |
| 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 | $4,249,359 |
| 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 | $718,850 |
| Pension plan accruals and contributions | $40,770 |
| Other employee benefits | $205,149 |
| Payroll taxes | $62,001 |
| Fees for services: Management | $292,464 |
| Fees for services: Legal | $848 |
| Fees for services: Accounting | $58,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $441,006 |
| Advertising and promotion | $13,392 |
| Office expenses | $92,839 |
| Information technology | $71,040 |
| Royalties | $0 |
| Occupancy | $899,299 |
| 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 | $667,023 |
| Insurance | $12,143 |
| All other expenses | $92 |
| Total functional expenses | $3,595,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,140 |
| Savings and temporary cash investments | $1,287,183 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,677 |
| 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 | $169,043 |
| Net Land, buildings, and equipment | $2,783,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $529,410 |
| Total assets | $5,041,193 |
| Accounts payable and accrued expenses | $194,982 |
| Grants payable | $0 |
| Deferred revenue | $753 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $89,852 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,112,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,171 |
| Total liabilities | $2,435,164 |
| Net assets without donor restrictions | $2,606,029 |
| 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 | $5,041,193 |