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← COMMONS AT WILLOWBROOK INC

Form 990 for tax year 2022

Filed by COMMONS AT WILLOWBROOK INC.

Totals

Total revenue
$3,663,563
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$57
Other revenue
$3,663,506
Total assets, end of year
$86,492,809
Total liabilities, end of year
$40,797,956
Net assets or fund balances, end of year
$45,694,853
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $57 · excluded $57

  • 6a · Gross rents

    real property $8,356,555

  • 6b · Less rental expenses

    real property $4,693,049

  • 6c · Rental income or loss

    real property $3,663,506

  • 6d · Net rental income or loss

    total $3,663,506 · related or exempt $3,663,506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,887,656 · end of year $8,813,239

  • 4 · Accounts receivable

    beginning of year $723,663 · end of year $570,566

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,536 · end of year $82,986

  • 10a · Land, buildings and equipment: cost or other basis

    $72,096,065

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $72,349,381 · end of year $72,096,065

  • 14 · Intangible assets

    beginning of year $4,907,859 · end of year $4,929,953

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,774,812 · end of year $1,849,708

  • 24 · Unsecured notes and loans payable

    beginning of year $39,184,300 · end of year $38,573,500

  • 25 · Other liabilities

    beginning of year $428,702 · end of year $374,748

  • 29 · Capital stock, trust principal or current funds

    beginning of year $204,000 · end of year $204,000

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$65,994,101 · end of year -$69,035,109

  • 31 · Retained earnings, endowment or other funds

    beginning of year $111,342,382 · end of year $114,525,962

Mission and programs · 2022

Mission

ACQUIRE REAL PROPERTY AND REMIT NET INCOME TO TAX-EXEMPT SHAREHOLDER OF THIS ORGANIZATION.

  • THE ORGANIZATION OPERATED THE RENTAL REAL ESTATE PROPERTY FOR ITS TAX EXEMPT SHAREHOLDER, THE ALASKA PERMANENT FUND (TAX ID NUMBER 92-6001185). TOTAL DISTRIBUTIONS TO ITS SHAREHOLDER IN 2022 WERE $3,041,008.

As filed on the 2022 return.

Listed in Part VII

  • Stacie S Crown

    PRESIDENT/CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer A Hanson

    DIRECTOR/TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • G Andrews Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Formanek

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Christe Cavaness

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

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

No itemized grants to organizations on this return.

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.

  • ALASKA PERMANENT FUND

    SEC.170(B)(1)(A)(V) · INVESTMENT FUND FOR AT LEAST 25% OF ALASKA'S MINERAL SALES OR ROYALTIES · AK

    Directly controlled by NOT APPLICABLE

  • 1100 MEREDITH LANE INC

    501(C)(25) · REAL ESTATE HOLDING COMPANY · DE · controlled entity

    Directly controlled by ALASKA PERMANENT FUND

  • 249 AND CENTERFIELD INC

    501(C)(25) · REAL ESTATE HOLDING COMPANY · DE · controlled entity

    Directly controlled by ALASKA PERMANENT FUND

  • 601 PINE STREET INVESTMENT GROUP INC

    501(C)(25) · REAL ESTATE HOLDING COMPANY · DE · controlled entity

    Directly controlled by ALASKA PERMANENT FUND

  • ARBORETUM MARKET INVESTMENT GROUP INC

    501(C)(25) · REAL ESTATE HOLDING COMPANY · DE · controlled entity

    Directly controlled by ALASKA PERMANENT FUND

  • 801 WEST 10TH INC

    501(C)(25) · REAL ESTATE HOLDING COMPANY · DE · controlled entity

    Directly controlled by ALASKA PERMANENT FUND

  • 443 WABASH MA OWNER LLC

    501(C)(25) · REAL ESTATE HOLDING COMPANY · DE · controlled entity

    Directly controlled by ALASKA PERMANENT FUND

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 120 EAST 87TH STREET LLC

    C · REAL ESTATE INVESTMENT TRUST · DE

  • THE CHRISTOPHER APARTMENTS HOLDINGS LLC

    C · REAL ESTATE INVESTMENT TRUST · DE

  • NORTH BRIDGE CHICAGO LLC

    C · REAL ESTATE INVESTMENT TRUST · DE

Provenance

Return type
form_990
Tax year
2022
Filed
19 July 2023
IRS schema version
2022v5.0
Source object
202312019349301106

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