Council Of Residential Specialists in Chicago, Illinois (IL)

Organization representatives - add corrected or new information about Council Of Residential Specialists »

Non-representatives - add comments about Council Of Residential Specialists»

Council Of Residential Specialists
Employer Identification Number (EIN)364470215
Name of OrganizationCouncil Of Residential Specialists
In Care of NameNina Cottrell
Address430 N Michigan Ave 3rd Floor, Chicago, IL 60611-4011
SubsectionBusiness League
Ruling Date01/2004
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$16,379,601
Amount of Income$8,169,688
Form 990 Revenue Amount$6,849,030
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


Non-representatives - add comments:


CAPTCHA

Your IP address 52.205.218.160 will be logged.

Amount of income in 2013: $8,169,688
Council Of Residential Specialists: 

 $8,169,688
Other organizations performing similar types of work: 

 $88,861

Assets in 2013: $16,379,601
Council Of Residential Specialists: 

 $16,379,601
Other organizations performing similar types of work: 

 $51,691

Expenses in 2012: $7,188,235
This organization: 

 $7,188,235
Other organizations performing similar types of work: 

 $80,127

Income to expenses ratio in 2012: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 0.8

Employees paid over $100,000 in 2012: 20.6%
Council Of Residential Specialists: 

 20.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 0.0%
Council Of Residential Specialists: 

 0.0%
Other organizations performing similar types of work: 

 1.0%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$7,041,472
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$6,426,333
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$213,448
Income from investment of tax-exempt bond proceeds$0
Royalties$59,405
Net rental income$0
Net gain from sales of assets other than inventory$320,980
Gross amount from sales of assets other than inventory (Securities / Other)$4,649,861 / $0
Less: cost or other basis and sales expenses (Securities / Other)$4,328,881 / $0
Gain or (loss) (Securities / Other)$320,980 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$21,306
Statement of Functional Expenses (for 2012)
Total functional expenses$7,188,235
Compensation of current officers, directors, trustees, and key employees$524,429
Other salaries and wages$2,066,368
Payroll taxes$158,708
Professional fundraising services$0
Other$4,438,730
Balance Sheet (for 2012)
Total assets$15,247,367
Total liabilities$4,434,864
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$4,434,864
Total net assets or fund balances$10,812,503
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200220032004200520062007
Total revenue$8,927,611$10,073,464$11,208,801$13,612,191$15,415,882$14,764,410
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0
Program service revenue including government fees and contracts$3,621,680$4,572,385$5,546,454$7,157,558$7,803,435$7,632,836
Membership dues and assessments$4,834,220$4,940,950$5,052,358$5,378,560$5,672,590$5,742,348
Interest on savings and temporary cash investments$0$15,850$15,013$82,428$228,073$336,755
Dividends and interest from securities$294,465$360,174$244,515$524,327$512,438$286,801
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-5,153$-19,722$35,697$46,202$770,742$365,560
Gross amount from sales of assets other than inventory$1,004,080$4,389,936$3,822,638$1,619,458$16,266,390$1,071,077
Less: cost or other basis and sales expenses$1,009,233$4,409,658$3,786,941$1,573,256$15,495,648$705,517
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$182,399$203,827$314,764$423,116$428,604$400,110
Total expenses$8,940,150$9,443,412$10,530,403$11,784,756$12,490,591$13,982,595
Program services$0$0$0$0$0$0
Management and general$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$7,115,520$7,716,507$8,904,326$10,733,060$13,404,835$14,197,027
Excess or (deficit) for the year$-12,539$630,052$678,398$1,827,435$2,925,291$781,815
Net assets or fund balances at beginning of year$0$7,115,520$7,716,507$8,904,326$10,733,060$13,404,835
Other changes in net assets or fund balances$7,128,059$-29,065$509,421$1,299$-253,516$10,377
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$13,982,595$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$10,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$235,826$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$2,472,953$0$0$0
Pension plan contributions not included above$209,071$0$0$0
Employee benefits not included above$1,395,752$0$0$0
Payroll taxes$201,875$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$225,348$0$0$0
Legal fees$40,767$0$0$0
Supplies$35,912$0$0$0
Telephone$58,698$0$0$0
Postage and shipping$905,045$0$0$0
Occupancy$355,150$0$0$0
Equipment rental and maintenance$247,977$0$0$0
Printing and publications$2,279,041$0$0$0
Travel$1,016,816$0$0$0
Conferences, conventions, and meetings$732,032$0$0$0
Interest$588$0$0$0
Depreciation, depletion, etc.$72,702$0$0$0
Other expenses not covered above$3,487,042$0$0$0
Balance Sheets
200220032004200520062007
Total assets$11,405,583$12,400,382$13,908,883$16,622,284$19,797,523$20,353,174
Cash - non-interest-bearing$3,035,690$3,148,321$3,515,374$5,629,030$7,737,472$7,832,724
Savings and temporary cash investments$0$2,094,574$578,526$592,053$931,671$1,073,833
Accounts receivable less allowance for doubtful accounts$214,491$206,007$301,853$315,742$267,512$198,292
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$111,107$131,560$135,756$156,660$144,422$168,047
Prepaid expenses and deferred charges$137,510$198,793$151,218$104,659$245,117$125,700
Investments - publicly-traded securities$10,125,383$10,655,803
Investments - other securities$7,876,860$6,577,905$8,884,951$9,437,802$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$29,925$43,222$341,205$386,338$345,946$298,775
Other assets, including program-related investments$0$0$0$0$0$0
Total liabilities$4,290,063$4,683,875$5,004,557$5,889,224$6,392,688$6,156,147
Accounts payable and accrued expenses$1,327,812$1,070,843$1,098,099$1,861,844$2,085,590$2,131,390
Grants payable$0$0$0$0$0$0
Deferred revenue$2,952,155$3,602,571$3,895,658$4,019,872$4,299,117$4,016,189
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$10,096$10,461$10,800$7,508$7,981$8,568
Total liabilities and net assets/fund balances$11,405,583$12,400,382$13,908,883$16,622,284$19,797,523$20,353,174
Total net assets or fund balances$7,115,520$7,716,507$8,904,326$10,733,060$13,404,835$14,197,027
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200220032004200520062007
Total revenue$8,927,611$10,073,464$11,208,801$13,612,191$15,415,882$14,764,410
Total revenue, gains, and other support per audited financial statements$9,085,216$10,044,399$11,722,559$13,613,490$15,162,366$14,774,787
Other expenses$157,605$-29,065$509,421$1,299$-253,516$10,377
Net unrealized gains on investments$157,605$-29,065$509,421$1,299$-253,516$10,377
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other revenue$0$0$-4,337$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$-4,337$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200220032004200520062007
Total expenses$8,940,150$9,443,412$10,530,403$11,784,756$12,490,591$13,982,595
Total expenses and losses per audited financial statements$8,940,150$9,443,412$10,534,740$11,784,756$12,490,591$13,982,595
Other revenue$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other expenses$0$0$-4,337$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$-4,337$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
38$235,826$56,372$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings23
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?Yes
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200642
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$1,102,399$1,389,226$12,272,785
Program service revenue
Program service revenue 1000000$000$0$4,292,756
Program service revenue 2000000$000$0$390,139
Program service revenue 3Advertising and related services$1,102,39900$0$1,847,542
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$5,742,348
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$336,755$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$286,801$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$365,560$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Royalty income excluded by section 512(b)(2)$400,110$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
200120022003200420052006
Total$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Council Of Residential Specialists to others? (optional)
  
Add photo of Council Of Residential Specialists (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Retail Merchant Assn Of Tidewater Va Inc, Ta Retail Alliance838 Granby St, Norfolk, VA 23510-2051VA2008-09$17,149,516
2San Joaquin Valley Winegrowers Association7030 N Fruit Avenue, Fresno, CA 93711-0782CA2008-11$175,202
3441 Heritage Corridor Inc300 North Thomas Street, Athens, GA 30601GA2000-07$56,377
4National Workers Compensation Reinsurance Assocation Nfp111 S Wacker Drive, Chicago, IL 60606-4410IL2009-01$6,267,197
5The Society Of Industrial And Office RealtorsOffice Realtors, Chicago, IL 60611IL1946-05$6,001,113
6American Society For Surgery Of The Hand Professional Organization, Asshpo822 W Washington Blvd, Chicago, IL 60607-2302IL2015-03$4,344,229
7Utilization Technology Development Nfp1700 S Mount Prospect Rd, Des Plaines, IL 60018-1804IL2006-03$4,188,285
8Quad Cities Chamber Of Commerce Inc1601 River Dr Ste 310, Moline, IL 61265-1447IL2012-01$4,011,986
9Tr Boxborough Corp120 N La Salle St Ste 1750, Chicago, IL 60602-2492IL2007-05$2,895,102
10Global Dairy Platform Inc10255 W Higgins Rd Ste 820, Rosemont, IL 60018-5614IL2012-10$2,272,522
11Illinois Science And Technology Coalition222 Merchandise Mart Place, Chicago, IL 60654-1103IL2009-08$1,889,035
12Word Of Mouth Marketing Association, Womma200 East Randolph Street, Chicago, IL 60601-6436IL2009-08$1,602,983
13Wireless Internet Service AssociationPO BOX 1582, Mount Vernon, IL 62864-0031IL2005-04$1,487,863
14Wine And Spirits Distributors Assn27 E Monroe St Ste 1200, Chicago, IL 60603-5672IL2001-03$1,454,502
15Coalition For Responsible Gaming Expansion304 Wainwright Dr Ste 280, Northbrook, IL 60062-1922IL2014-07$903,333
16West Town Chicago Chamber Of Commerce1819 W Chicago Ave, Chicago, IL 60622-5980IL2009-02$897,826
17Quad Cities First Inc1601 River Dr Ste 310, Moline, IL 61265-1447IL2010-11$819,667
18Vermilion Advantage Nfp28 W North Street, Danville, IL 61832-5766IL1965-01$720,705
19American Society For Dermatologic Surgery Association5550 Meadowbrook Drive No 120, Rolling Meadows, IL 60008IL2010-09$701,068
20Schaumburg Business Association1501 E Woodfield Rd Ste 115n, Schaumburg, IL 60173-4945IL2002-08$648,674
Number of organizations performing similar types of work
Alaska94
Alabama235
Arkansas185
Arizona346
California1,926
Colorado437
Connecticut191
District of Columbia411
Delaware63
Florida987
Georgia500
Hawaii127
Iowa226
Idaho137
Illinois781
Indiana331
Kansas211
Kentucky222
Louisiana232
Massachusetts358
Maryland360
Maine108
Michigan504
Minnesota341
Missouri377
Mississippi119
Montana114
North Carolina452
North Dakota65
Nebraska146
New Hampshire92
New Jersey401
New Mexico156
Nevada171
New York967
Ohio640
Oklahoma208
Oregon366
Pennsylvania679
Rhode Island73
South Carolina192
South Dakota91
Tennessee282
Texas1,208
Utah166
Virginia613
Vermont69
Washington451
Wisconsin359
West Virginia109
Wyoming44
International34
Total17,957

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Council Of Residential Specialists and has no official or unofficial affiliation with Council Of Residential Specialists