Totals
- Total revenue
- $8,018,950
- Total expenses
- $5,020,496
- Contributions and grants received
- $700,000
- Grants paid
- $557,646
- Program service revenue
- $5,251,676
- Investment income
- $2,078,611
- Other revenue
- -$11,337
- Total assets, end of year
- $32,005,576
- Total liabilities, end of year
- $13,596,313
- Net assets or fund balances, end of year
- $18,409,263
- Program services expenses (Part IX)
- $4,736,516
- Management and general expenses
- $283,980
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,736,516
Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$700,000
-
2a · Program service revenue: RENTAL INCOME
total $3,884,326 · related or exempt $3,884,326
-
2b · Program service revenue: DEVELOPMENT FEES
total $1,271,838 · related or exempt $1,271,838
-
2c · Program service revenue: ADMINISTRATIVE FEES
total $51,187 · related or exempt $51,187
-
2d · Program service revenue: TENANT CHARGES/LAUNDRY & VENDING
total $44,325 · related or exempt $44,325
-
3 · Investment income
total $171,124 · excluded $171,124
-
6a · Gross rents
real property $69,450
-
6b · Less rental expenses
real property $80,977
-
6c · Rental income or loss
real property -$11,527
-
6d · Net rental income or loss
total -$11,527 · unrelated business -$1,972 · excluded -$9,555
-
7a · Gross sales of assets other than inventory
other assets $4,448,077
-
7b · Less cost or other basis and sales expenses
other assets $2,540,590
-
7c · Gain or loss
other assets $1,907,487
-
7d · Net gain or loss
total $1,907,487 · excluded $1,907,487
-
11a · Other revenue: MISC. INCOME
total $190 · related or exempt $190
-
11e · Other revenue, total
$190
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $557,646 · program services $557,646
-
5 · Compensation of officers, directors and key employees
total $203,194 · program services $71,118 · management and general $132,076
-
7 · Other salaries and wages
total $704,858 · program services $659,806 · management and general $45,052
-
10 · Payroll taxes
total $78,774 · program services $70,638 · management and general $8,136
-
11a · Fees: management
total $319,895 · program services $319,895
-
11b · Fees: legal
total $12,882 · program services $12,882
-
11c · Fees: accounting
total $71,100 · program services $71,100
-
11g · Fees: other
total $44,118 · program services $15,441 · management and general $28,677
-
12 · Advertising and promotion
total $7,205 · program services $7,205
-
13 · Office expenses
total $94,413 · program services $77,565 · management and general $16,848
-
14 · Information technology
total $22,156 · program services $21,752 · management and general $404
-
16 · Occupancy
total $1,918,037 · program services $1,909,833 · management and general $8,204
-
17 · Travel
total $36,435 · program services $20,680 · management and general $15,755
-
19 · Conferences, conventions and meetings
total $600 · program services $240 · management and general $360
-
20 · Interest
total $8 · management and general $8
-
22 · Depreciation, depletion and amortization
total $886,357 · program services $877,497 · management and general $8,860
-
23 · Insurance
total $200 · program services $200
-
24a · Other expenses: BAD DEBT EXPENSE
total $35,258 · program services $15,658 · management and general $19,600
-
24b · Other expenses: WHEDA MONITORING FEES
total $14,626 · program services $14,626
-
24c · Other expenses: ASSET MANAGEMENT FEES
total $12,734 · program services $12,734
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,199,910 · end of year $4,631,702
-
2 · Savings and temporary cash investments
beginning of year $382,051 · end of year $600,842
-
4 · Accounts receivable
beginning of year $174,552 · end of year $49,091
-
7 · Other notes and loans receivable
beginning of year $1,282,682 · end of year $5,793,692
-
9 · Prepaid expenses and deferred charges
beginning of year $153,178 · end of year $144,068
-
10a · Land, buildings and equipment: cost or other basis
$25,279,386
-
10b · Land, buildings and equipment: accumulated depreciation
$13,367,415
-
10c · Land, buildings and equipment, net
beginning of year $17,932,575 · end of year $11,911,971
-
13 · Investments: program-related
beginning of year $483,398 · end of year $463,698
-
14 · Intangible assets
beginning of year $334,192 · end of year $295,268
-
15 · Other assets
beginning of year $6,278,716 · end of year $8,115,244
-
17 · Accounts payable and accrued expenses
beginning of year $472,123 · end of year $368,271
-
19 · Deferred revenue
beginning of year $38,951 · end of year $83,464
-
23 · Secured mortgages and notes payable
beginning of year $14,053,730 · end of year $13,020,363
-
25 · Other liabilities
beginning of year $5,907,491 · end of year $124,215
-
27 · Net assets without donor restrictions
beginning of year $8,748,959 · end of year $18,409,263
Mission and programs · 2024
Mission
THE MISSION OF CROWN COURT PROPERTIES, LTD. IS TO ACQUIRE, REHABILITATE, AND MAINTAIN QUALITY AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS.
Activities or mission (Part I)
TO CARRY OUT THE PURPOSES OF CONGREGATION AGUDAS ACHIM CHABAD, INC.
-
CROWN COURT PROPERTIES, LTD. PRESERVES AFFORDABLE HOUSING THAT IS AT RISK OF BEING ELIMINATED FROM THE NATIONAL AFFORDABLE HOUSING INVENTORY AS A RESULT OF CONVERSION TO MARKET OR PHYSICAL DETERIORATION. CROWN COURT PROPERTIES, LTD. ALSO MAKES GRANTS AND DISTRIBUTIONS TO OTHER ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Expenses $4,736,516 · Grants $557,646 · Revenue $5,251,866
As filed on the 2024 return.
Listed in Part VII
-
Rabbi Mordechai SpalterRABBI MORDECHAI SPALTER
PRESIDENT/TREASURER
- Total calculated
- $75,000
- From this org
- $15,000
- From related orgs
- $60,000
- Other
- $0
- Hours/week
- 20 + 20 related
-
Menachem RapoportMENACHEM RAPOPORT
VICE PRESIDENT/SECRETARY
- Total calculated
- $85,607
- From this org
- $37,444
- From related orgs
- $48,163
- Other
- $0
- Hours/week
- 40
-
Rabbi David RapoportRABBI DAVID RAPOPORT
DIRECTOR
- Total calculated
- $75,000
- From this org
- $0
- From related orgs
- $75,000
- Other
- $0
- Hours/week
- 10 + 30 related
-
Arnold PeltzARNOLD PELTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen ChernofSTEPHEN CHERNOF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
PELTZ CENTER FOR JEWISH LIFE INC
$283,779
GENERAL SUPPORT
-
CONGREGATION AGUDAS ACHIM CHABAD INC
$210,500
GENERAL SUPPORT
-
$6,000
GENERAL SUPPORT
-
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CONGREGATION AGUDAS ACHIM CHABAD INC
501(C)(3) · SYNAGOGUE · WI
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
BAYVIEW TERRACE APARTMENT ASSOCIATES LIMITED PARTNERSHIP
AFFORDABLE RENTAL HOUSING · WI · income $423,456 · assets $2,208,274
Directly controlled by CROWN COURT PROPERTIES LTD
-
CCP GRANT LENDER LLC
AFFORDABLE RENTAL HOUSING · WI · income $700,000 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CCP GREENSPIRE DEVELOPER LLC
AFFORDABLE RENTAL HOUSING · WI · income $130,618 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CCP GREENSPIRE LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT BAYVIEW TERRACE LLC
AFFORDABLE RENTAL HOUSING · WI · income $42 · assets $221
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT CAMILLA LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT FAIRVIEW CROSSING LLC
AFFORDABLE RENTAL HOUSING · WI · income $63 · assets $375
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT FLAGSHIP LLC
AFFORDABLE RENTAL HOUSING · WI · income $71 · assets $292
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT JANESVILLE GARDENS LLC
AFFORDABLE RENTAL HOUSING · WI · income -$6 · assets $427,279
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT JEFFERSON LLC
AFFORDABLE RENTAL HOUSING · WI · income -$20 · assets $36,700
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT NORTHWOODS LLC
AFFORDABLE RENTAL HOUSING · WI · income $894,129 · assets $4,028,937
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT OKATO LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT PARK HILL LLC
AFFORDABLE RENTAL HOUSING · WI · income -$25 · assets $311,739
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT RANCH ROAD LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT SHOALS LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT STURGEON BAY LLC
AFFORDABLE RENTAL HOUSING · WI · income -$18 · assets $983,761
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT TERRACE HEIGHTS LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT WAUTEK LLC
AFFORDABLE RENTAL HOUSING · WI · income $289,472 · assets $1,484,703
Directly controlled by CROWN COURT PROPERTIES LTD
-
CROWN COURT WHITEWATER WOODS LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $46,990
Directly controlled by CROWN COURT PROPERTIES LTD
-
FAIRVIEW CROSSING APARTMENT ASSOCIATES LIMITED PARTNERSHIP
AFFORDABLE RENTAL HOUSING · WI · income $631,959 · assets $3,752,071
Directly controlled by CROWN COURT PROPERTIES LTD
-
FLAGSHIP APARTMENT ASSOCIATES LP
AFFORDABLE RENTAL HOUSING · WI · income $712,964 · assets $2,920,164
Directly controlled by CROWN COURT PROPERTIES LTD
-
OKATO MANOR DEVELOPER LLC
AFFORDABLE RENTAL HOUSING · WI · income $872,850 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
PARK HILL APARTMENT ASSOCIATES LIMITED PARTNERSHIP
AFFORDABLE RENTAL HOUSING · WI · income $578,807 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
PARK HILL DEVELOPER LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
TERRACE HEIGHTS APARTMENT ASSOCIATES LIMITED PARTNERSHIP
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
TROLLEY STATION LIHTC DEVELOPER LLC
AFFORDABLE RENTAL HOUSING · WI · income $0 · assets $0
Directly controlled by CROWN COURT PROPERTIES LTD
-
CCP CITY EAST GP LLC
AFFORDABLE RENTAL HOUSING · WI · income -$45 · assets $1,164,892
Directly controlled by CROWN COURT PROPERTIES LTD
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BAY HILL LIHTC APARTMENTS LIMITED PARTNERSHIP
RELATED · AFFORDABLE RENTAL HOUSING · WI · 0.01% owned · share of income -$18 · share of assets $983,761 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
CITY EAST DEVELOPER LLC
RELATED · AFFORDABLE RENTAL HOUSING · WI · 25% owned · general or managing partner
-
CITY EAST MANAGING MEMBER LLC
RELATED · AFFORDABLE RENTAL HOUSING · WI · 51% owned · share of income -$45 · share of assets $1,164,892
-
CROWN COURT WILKINSON MANOR LLC
RELATED · AFFORDABLE RENTAL HOUSING · WI · 90% owned · share of income $167,176 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
JANESVILLE GARDENS APARTMENTS ASSOCIATES LIMITED PARTNERSHIP
RELATED · AFFORDABLE RENTAL HOUSING · WI · 0.01% owned · share of income -$6 · share of assets $427,279 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
JEFFERSON APARTMENT ASSOCIATES LIMITED PARTNERSHIP
RELATED · AFFORDABLE RENTAL HOUSING · WI · 0.01% owned · share of income -$20 · share of assets $36,700 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
OKATO MANOR APARTMENTS LIMITED PARTNERS
RELATED · AFFORDABLE RENTAL HOUSING · WI · 0.01% owned · share of income -$133 · share of assets $45,884 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
PARK HILL TOWNHOMES ASSOCIATES LIMITED PARTNERSHIP
RELATED · AFFORDABLE RENTAL HOUSING · WI · 0.01% owned · share of income -$25 · share of assets $311,739 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
SB SHOALS MM LLC
RELATED · AFFORDABLE RENTAL HOUSING · WI · 51% owned · share of income -$30 · share of assets $920,398 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
SHOALS DEVELOPER LLC
RELATED · AFFORDABLE RENTAL HOUSING · WI · 25% owned · general or managing partner
-
TERRACE HEIGHTS LIHTC APARTMENTS LIMITED PARTNERSHIP
RELATED · AFFORDABLE RENTAL HOUSING · WI · 0.01% owned · share of income -$49 · share of assets $737,531 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
WHITEWATER WOODS APARTMENT ASSOCIATES LIMITED
RELATED · AFFORDABLE RENTAL HOUSING · WI · 0.01% owned · share of assets $46,990 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
WILKINSON MANOR APARTMENT ASSOCIATES LIMITED PARTNERSHIP
RELATED · AFFORDABLE RENTAL HOUSING · WI · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
WILLOW HEIGHTS GP NFP
RELATED · AFFORDABLE RENTAL HOUSING · WI · 51% owned · share of income $388,802 · share of assets $1,868,122 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
RIVER NORTH MANAGING MEMBER LLC
RELATED · AFFORDABLE RENTAL HOUSING · WI · 51% owned · share of income -$14 · share of assets $335,418
-
GREENSPIRE LIHTC APARTMENTS LLC
RELATED · AFFORDABLE RENTAL HOUSING · WI · 1% owned · share of income -$35,496 · share of assets $4,774,679 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
WILLOW HEIGHTS APARTMENT ASSOCIATES LIMITED PARTNERSHIP
RELATED · AFFORDABLE RENTAL HOUSING · WI · 50% owned · share of income $777,604 · share of assets $3,736,244 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
-
GREENSPIRE DEVELOPER LLC
RELATED · AFFORDABLE RENTAL HOUSING · WI · 50% owned · share of income $130,618 · general or managing partner
Directly controlled by CROWN COURT PROPERTIES LTD
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CROWN COURT OKATO GP MEMBER LLC
C · AFFORDABLE RENTAL HOUSING · WI · 100% owned · share of income -$133 · share of assets -$116 · controlled entity
Directly controlled by FILING ORG
-
TERRACE HEIGHTS GP LLC
C · AFFORDABLE RENTAL HOUSING · WI · 100% owned · share of income -$49 · controlled entity
Directly controlled by FILING ORG
-
CCP RIVER NORTH MANAGER LLC
C · AFFORDABLE RENTAL HOUSING · WI · 100% owned · share of income -$14 · share of assets $37 · controlled entity
Directly controlled by FILING ORG
-
GREENSPIRE LIHTC MANAGER LLC
C · AFFORDABLE RENTAL HOUSING · WI · 50% owned · share of income -$17,748 · share of assets -$17,698 · controlled entity
Directly controlled by FILING ORG
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523159349304292
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