Skip to content
Nonprofiteer
← JANE ADDAMS DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by JANE ADDAMS DEVELOPMENT CORPORATION.

Totals

Total revenue
$847,107
Total expenses
$971,977
Contributions and grants received
$0
Grants paid
$329,942
Program service revenue
$847,107
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,335,874
Total liabilities, end of year
$1,811,061
Net assets or fund balances, end of year
$1,524,813
Program services expenses (Part IX)
$832,435
Management and general expenses
$139,542
Fundraising expenses
$0
Program service expenses (Part III)
$832,435

Program services were 85.6% 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.

  • 2a · Program service revenue: RENTS

    total $760,557 · related or exempt $760,557

  • 2b · Program service revenue: OTHER PROGRAM

    total $86,550 · related or exempt $86,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $329,942 · program services $329,942

  • 5 · Compensation of officers, directors and key employees

    total $49,167 · program services $30,000 · management and general $19,167

  • 11a · Fees: management

    total $45,396 · management and general $45,396

  • 11b · Fees: legal

    total $16,726 · program services $16,726

  • 11c · Fees: accounting

    total $9,336 · management and general $9,336

  • 11g · Fees: other

    total $5,397 · program services $5,397

  • 20 · Interest

    total $23,165 · program services $23,165

  • 22 · Depreciation, depletion and amortization

    total $59,314 · program services $59,314

  • 23 · Insurance

    total $28,873 · program services $28,873

  • 24a · Other expenses: REAL ESTATE TAXES

    total $143,794 · program services $143,794

  • 24b · Other expenses: REPAIR & MAINTENANCE

    total $112,439 · program services $112,439

  • 24c · Other expenses: OTHER BUILDING EXPENSES

    total $69,434 · program services $69,434

  • 24d · Other expenses: LEASE COST AMORTIZATION

    total $43,989 · management and general $43,989

  • 24e · All other expenses

    total $35,005 · program services $13,351 · management and general $21,654

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,387,838 · end of year $1,528,378

  • 4 · Accounts receivable

    beginning of year $33,546 · end of year $40,222

  • 7 · Other notes and loans receivable

    beginning of year $100,000

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

    $5,633,961

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

    $4,023,143

  • 10c · Land, buildings and equipment, net

    beginning of year $899,852 · end of year $1,610,818

  • 15 · Other assets

    beginning of year $78,782 · end of year $156,456

  • 17 · Accounts payable and accrued expenses

    beginning of year $212,574 · end of year $309,867

  • 18 · Grants payable

    beginning of year $40,445 · end of year $82,019

  • 23 · Secured mortgages and notes payable

    beginning of year $604,672 · end of year $1,197,601

  • 25 · Other liabilities

    beginning of year $349,849 · end of year $221,574

  • 27 · Net assets without donor restrictions

    beginning of year $1,292,478 · end of year $1,524,813

Mission and programs · 2023

Mission

TO DEVELOP, MANAGE, AND LEASE AN INDUSTRIAL BUILDING IN ORDER TO RETAIN MANUFACTURING JOBS IN THE COMMUNITY.

  • THE ORGANIZATION OPERATED TWO PROPERTIES IN THE RAVENSWOOD NEIGHBORHOOD OF CHICAGO, ILLINOIS. THE ORGANIZATION PROVIDES FINANCIAL AND PRO BONO SUPPORT OF JANE ADDAMS RESOURCE CORPORATION, LOCATED IN CHICAGO, ILLINOIS.

    Expenses $832,435 · Grants $329,942 · Revenue $847,107

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tammy Phillips

    BOARD CHAIR

    Total calculated
    $17,018
    From this org
    $17,018
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Brett Mueller

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Shadle

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
16 April 2025
IRS schema version
2023v6.0
Source object
202521069349300047

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.