William Green Homes Residential Management Corporation in Chicago, Illinois (IL)

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William Green Homes Residential Management Corporation
Employer Identification Number (EIN)363865734
Name of OrganizationWilliam Green Homes Residential Management Corporation
Address1230 N Larrabee St Apt 104, Chicago, IL 60610-1741
ActivitiesLow income housing
SubsectionCharitable Organization
Ruling Date07/1993
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2002
Assets$100,000 to $499,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$279,680
Amount of Income$3,355,859
Form 990 Revenue Amount$3,355,859
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2002: $3,355,859
This organization: 

 $3,355,859
Other organizations performing similar types of work: 

 $345,298

Assets in 2002: $279,680
This organization: 

 $279,680
Other organizations performing similar types of work: 

 $1,142,570

Expenses in 2002: $3,010,644
This organization: 

 $3,010,644
Other organizations performing similar types of work: 

 $349,008

Income to expenses ratio in 2002: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2002: 82.0%
William Green Homes Residential Management Corporation: 

 82.0%
Other organizations performing similar types of work: 

 86.1%

Number of employees in 2002: 350
This organization: 

 350
Other organizations performing similar types of work: 

 1

Employees paid over $50,000 in 2002: 1.1%
This organization: 

 1.1%
Other organizations performing similar types of work: 

 2.7%

Grants share in income in 2002: 0.0%
William Green Homes Residential Management Corporation: 

 0.0%
Other organizations performing similar types of work: 

 47.4%

Financial snapshot ($)

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20012002
Total revenue$2,713,313$3,355,859
Contributions, gifts, grants, and similar amounts received$0$0
Contributions to donor advised funds
Direct public support$0$0
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$2,713,276$3,355,859
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$37$0
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$0$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$0$0
Total expenses$2,881,096$3,010,644
Program services$2,317,702$2,468,856
Management and general$563,394$541,788
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$-6,800$10,780
Excess or (deficit) for the year$-167,783$345,215
Net assets or fund balances at beginning of year$-27,414$-6,800
Other changes in net assets or fund balances$188,397$-327,635
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,010,644$2,468,856$541,788$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
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)
Salaries and wages of employees not included above$820,477$658,006$162,471$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$216,070$216,070$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$25,000$0$25,000$0
Legal fees$36,183$36,183$0$0
Supplies$4,107$0$4,107$0
Telephone$13,372$0$13,372$0
Postage and shipping$10,360$0$10,360$0
Occupancy$0$0$0$0
Equipment rental and maintenance$11,977$0$11,977$0
Printing and publications$496$0$496$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$15,710$15,710$0$0
Other expenses not covered above$1,856,892$1,542,887$314,005$0
Balance Sheets
20012002
Total assets$203,059$279,680
Cash - non-interest-bearing$36,415$41,256
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$0$84,028
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$11,302$6,532
Prepaid expenses and deferred charges$0$0
Investments - publicly-traded securities
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$155,342$147,864
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$0$0
Other assets, including program-related investments$0$0
Total liabilities$209,859$268,900
Accounts payable and accrued expenses$209,859$257,166
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$0
Other liabilities$0$11,734
Total liabilities and net assets/fund balances$203,059$279,680
Total net assets or fund balances$-6,800$10,780
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20012002
Total revenue$2,713,313$3,355,859
Total revenue, gains, and other support per audited financial statements$2,713,313$3,355,859
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20012002
Total expenses$2,881,096$3,010,644
Total expenses and losses per audited financial statements$2,881,096$3,010,644
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
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?
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?
Does the organization have a written conflict of interest policy?
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?No
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?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
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?
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?
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)?
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?No
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?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006350
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$3,355,859
Program service revenue
Program service revenue 1000000$000$0$2,479,323
Program service revenue 2000000$000$0$260,596
Program service revenue 3000000$000$0$615,940
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$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$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$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
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 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$51,692$0$0
$54,240$0$0
$66,923$0$0
$55,665$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
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
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
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
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
20002001
Total$4,576,255$2,713,313
Gifts, grants, and contributions received$3,751,506$2,135,853
Membership fees received$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
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$824,749$577,460
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Westside Health Authority5417 W Division St, Chicago, IL 60651-1312IL1996-07$4,522,025
2Dekalb Plaza Resident Council, Gideon Court Resident Council1325 West Lincoln Highway Apt 303a, Dekalb, IL 60115IL1997-09$1,865,330
3Transitional Living Services5330 W Elm St, Mchenry, IL 60050-4029IL1997-04$1,233,049
4Trinity Community Housing Corporation400 W 95th St, Chicago, IL 60628-1120IL1983-08$1,165,043
5Woodlawn Housing Development Corp, Berry Manor6040 South Harper Ave, Chicago, IL 60637-3180IL1988-06$886,235
6Winwood Apartments Inc1415 W Foster Ave, Chicago, IL 60640-2288IL1985-08$408,309
7Seaway National Bank Community Development Corporation645 E 87th St, Chicago, IL 60619-6101IL1997-04$39,960
8White Family Foundation, Trust Dept First Natinal Bank311 Banker Blvd, Vandalia, IL 62471-1941IL1997-07$36,960
9Psm Development Corporation119 S Central Park Blvd, Chicago, IL 60624-2941IL1991-07$10,181
10The Hawthorne Foundation2314 N Lincoln Park W Apt 6n, Chicago, IL 60614-3453IL1996-01$5,000
11Union Street Foundation46 Southside Country Clb, Decatur, IL 62521-9126IL1996-05$9
12Tach Services Inc200 E Randolph St Ste 2100, Chicago, IL 60601-6432IL1992-04$4
13Affordable Living Opportunities Inc2104 Western Ave, Waukegan, IL 60087-3905IL1996-01$0
14Austin Community Resource Center105 Graymoor Ln Ste 100, Olympia Fields, IL 60461-1204IL1994-06$0
15Financial Services Assistance Housing Exchange Inc321 W 61st St, Chicago, IL 60621-3207IL1996-01$0
16Gmach Zecher Chasdei Avos9049 Karlov Ave, Skokie, IL 60076-1715IL1997-06$0
17Gorham United Methodist Church Foundation Inc5600 S Indiana Ave, Chicago, IL 60637-1204IL1997-09$0
18Habitat For Humanity International Inc, Judson College Hfh Campus Chapter1151 N State St -Cpo 252-, Elgin, IL 60123-1404IL1987-01$0
19Habitat For Humanity International Inc, Siu Habitat For Humanity715 S Washington St, Carbondale, IL 62901IL1987-01$0
20Innercity Home Foundation Inc1832 E 87th St, Chicago, IL 60617-2744IL1995-09$0
Number of organizations performing similar types of work
Alaska3
Alabama27
Arkansas23
Arizona22
California194
Colorado34
Connecticut23
District of Columbia15
Delaware3
Florida79
Georgia43
Hawaii13
Iowa16
Idaho3
Illinois81
Indiana43
Kansas14
Kentucky55
Louisiana27
Massachusetts79
Maryland44
Maine14
Michigan67
Minnesota45
Missouri35
Mississippi12
Montana4
North Carolina87
North Dakota3
Nebraska26
New Hampshire10
New Jersey59
New Mexico9
Nevada3
New York185
Ohio109
Oklahoma13
Oregon11
Pennsylvania102
Rhode Island14
South Carolina35
South Dakota10
Tennessee37
Texas109
Utah6
Virginia51
Vermont10
Washington26
Wisconsin42
West Virginia10
Wyoming4
International6
Total1,995

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