Totals
- Total revenue
- $182,251
- Total expenses
- $365,484
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $177,750
- Investment income
- $4,501
- Other revenue
- $0
- Total assets, end of year
- $4,677,583
- Total liabilities, end of year
- $221,986
- Net assets or fund balances, end of year
- $4,455,597
- Program services expenses (Part IX)
- $349,790
- Management and general expenses
- $15,694
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $349,790
Program services were 95.7% 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: APARTMENT RENTALS
total $177,750 · related or exempt $177,750
-
3 · Investment income
total $4,501 · excluded $4,501
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $29,508 · program services $29,508
-
13 · Office expenses
total $2,241 · management and general $2,241
-
14 · Information technology
total $3,193 · management and general $3,193
-
16 · Occupancy
total $175,889 · program services $173,639 · management and general $2,250
-
22 · Depreciation, depletion and amortization
total $114,445 · program services $114,445
-
23 · Insurance
total $24,663 · program services $22,025 · management and general $2,638
-
24a · Other expenses: PROFESSIONAL FEES
total $15,545 · program services $10,173 · management and general $5,372
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $147,715 · end of year $140,124
-
2 · Savings and temporary cash investments
beginning of year $153,115 · end of year $153,225
-
9 · Prepaid expenses and deferred charges
beginning of year $1,973
-
10a · Land, buildings and equipment: cost or other basis
$4,821,105
-
10b · Land, buildings and equipment: accumulated depreciation
$1,094,979
-
10c · Land, buildings and equipment, net
beginning of year $3,835,624 · end of year $3,726,126
-
13 · Investments: program-related
beginning of year $178,278 · end of year $155,297
-
15 · Other assets
beginning of year $497,528 · end of year $502,811
-
17 · Accounts payable and accrued expenses
beginning of year $38,492 · end of year $86,272
-
25 · Other liabilities
beginning of year $136,911 · end of year $135,714
-
27 · Net assets without donor restrictions
beginning of year $4,638,830 · end of year $4,455,597
Mission and programs · 2022
Mission
DEVELOP AFFORDABLE MULTIFAMILY HOUSING IN ILLINOIS
-
Develop independent and supportive affordable multifamily housing in Illinois. The Organization has developed or co-developed 6 properties in several Illinois communities, providing safe decent housing for families and individuals.
Expenses $349,790 · Revenue $177,750
As filed on the 2022 return.
Listed in Part VII
-
David OpitzDAVID OPITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
William HassettWILLIAM HASSETT
TREASURER
- Total calculated
- $0
- Hours/week
- 6
-
CHRISTOPHER McCLEARY
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Michael CobbMICHAEL COBB
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Jason BrownJASON BROWN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
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.
-
NONE
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.
-
HOPE HOUSING PARTNERS LLC
AFFORDABLE HOUSING · IL
Directly controlled by BLUESTEM HOUSING
-
FINLEY HOUSING PARTNERS LLC
AFFORDABLE HOUSING · IL
Directly controlled by BLUESTEM HOUSING
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
DOUGLAS COUNTY APARTMENTS
Related · AFFORDABLE HOUSING · IL · 100% owned · general or managing partner
Directly controlled by PART IV LINE1
-
COTTAGE APARTMENTS LP
Related · AFFORDABLE HOUSING · IL · 0.01% owned · general or managing partner
Directly controlled by PART IV LINE2
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
DOUGLAS COUNTY HOUSING PARTNERS NFP
C Corp · AFFORDABLE HOUSING · IL · 100% owned
Directly controlled by BLUESTEM HOUSING
-
COTTAGE HOUSING PARTNERS NFP
C Corp · AFFORDABLE HOUSING · IL · 100% owned
Directly controlled by BLUESTEM HOUSING
-
HUNTERS HOUSING PARTNERS INC
C Corp · AFFORDABLE HOUSING · IL · 100% owned
Directly controlled by BLUESTEM HOUSING
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343119349301024
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