Form 990 for tax year 2022

Filed by BICKERDIKE REDEVELOPMENT CORPORATION.

Totals

Total revenue: $12,182,359
Total expenses: $5,069,365
Contributions and grants received: $413,228
Grants paid: $0
Program service revenue: $2,618,873
Investment income: $2,250,888
Other revenue: $6,899,370
Total assets, end of year: $92,144,334
Total liabilities, end of year: $695,892
Net assets or fund balances, end of year: $91,448,442
Program services expenses (Part IX): $4,587,248
Management and general expenses: $377,169
Fundraising expenses: $104,948
Program service expenses (Part III): $4,587,248

Program services were 90.5% 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)

$201,536
1f · All other contributions, gifts and grants

$211,692
2a · Program service revenue: DEVELOPMENT FEES

total $1,636,569 · related or exempt $1,636,569
2b · Program service revenue: MANAGEMENT FEES

total $802,304 · related or exempt $802,304
2c · Program service revenue: ADMINISTRATIVE FEES

total $180,000 · related or exempt $180,000
3 · Investment income

total $2,167,558 · excluded $2,167,558
6a · Gross rents

real property $509,660
6b · Less rental expenses

real property $510,757
6c · Rental income or loss

real property -$1,097
6d · Net rental income or loss

total -$1,097 · related or exempt -$1,097
7a · Gross sales of assets other than inventory

securities $83,330
7b · Less cost or other basis and sales expenses

securities $0
7c · Gain or loss

securities $83,330
7d · Net gain or loss

total $83,330 · excluded $83,330
11a · Other revenue: EMMETT TIF SPONSOR NOTE

total $6,800,000 · related or exempt $6,800,000
11b · Other revenue: OTHER INCOME

total $100,467 · related or exempt $100,467
11e · Other revenue, total

$6,900,467

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $894,246 · program services $804,821 · management and general $89,425
7 · Other salaries and wages

total $1,967,472 · program services $1,695,875 · management and general $188,430 · fundraising $83,167
11g · Fees: other

total $220,443 · program services $193,364 · management and general $21,485 · fundraising $5,594
13 · Office expenses

total $104,556 · program services $92,089 · management and general $10,232 · fundraising $2,235
16 · Occupancy

total $7,200 · program services $6,480 · management and general $720
17 · Travel

total $5,022 · program services $4,343 · management and general $483 · fundraising $196
19 · Conferences, conventions and meetings

total $45,329 · program services $39,164 · management and general $4,352 · fundraising $1,813
22 · Depreciation, depletion and amortization

total $210 · program services $189 · management and general $21
23 · Insurance

total $111,228 · program services $96,554 · management and general $10,728 · fundraising $3,946
24a · Other expenses: LOSS FROM AFF HSG PTRS.

total $1,192,724 · program services $1,192,724
24b · Other expenses: OPERATING EXPENSES

total $190,447 · program services $166,402 · management and general $18,489 · fundraising $5,556
24c · Other expenses: MAINTENANCE

total $124,017 · program services $111,615 · management and general $12,402
24d · Other expenses: TAXES

total $90,417 · program services $81,375 · management and general $9,042
24e · All other expenses

total $116,054 · program services $102,253 · management and general $11,360 · fundraising $2,441

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $11,288,193 · end of year $6,296,445
2 · Savings and temporary cash investments

beginning of year $5,063,115 · end of year $4,227,706
4 · Accounts receivable

beginning of year $1,561,096 · end of year $1,857,404
7 · Other notes and loans receivable

beginning of year $4,565,278 · end of year $8,211,686
9 · Prepaid expenses and deferred charges

beginning of year $108,820 · end of year $106,334
10a · Land, buildings and equipment: cost or other basis

$4,772,451
10b · Land, buildings and equipment: accumulated depreciation

$3,392,971
10c · Land, buildings and equipment, net

beginning of year $1,557,997 · end of year $1,379,480
12 · Investments: other securities

beginning of year $5,003,410 · end of year $5,724,832
15 · Other assets

beginning of year $57,013,863 · end of year $64,340,447
17 · Accounts payable and accrued expenses

beginning of year $601,013 · end of year $648,560
19 · Deferred revenue

beginning of year $51,610 · end of year $2,589
25 · Other liabilities

beginning of year $133,385 · end of year $44,743
27 · Net assets without donor restrictions

beginning of year $84,116,596 · end of year $90,189,274
28 · Net assets with donor restrictions

beginning of year $1,259,168 · end of year $1,259,168

Mission and programs · 2022

Mission

BICKERDIKE REDEVELOPMENT CORP IS ONE OF THE CITY'S OLDEST COMMUNITY DEVELOPMENT ORGANIZATIONS. THE ORGANIZATIONS MOST SIGNIFICANT ACTIVITIES ARE TO DEVELOP LOW INCOME HOUSING; TO PERFROM SERVICES FOR SENIOR CITIZENS AND HANDICAPPED INDIVIDUALS UNDER THE CONTRACT WITH THE CITY OF CHICAGO; TO PROVIDE AND MANAGE AFFORDABLE HOUSING; TO PROVIDE RENT SUBSIDY PAYMENTS TO LOW INCOME TENANTS

Activities or mission (Part I)

TO DEVELOP LOW INCOME HOUSING

HOUSING DEVELOPMENT - BICKERDIKE HAS DEVELOPED 2,060 UNITS OF SAFE, QUALITY, AFFORDABLE HOUSING IN 264 BUILDINGS. WE PROVIDED HOMES FOR NEARLY 3,500 RESIDENTS AND ENSURE THAT THE PROPERTIES REMAIN AFFORDABLE FOR LONG TERM.

Expenses $1,220,683 · Revenue $1,484,375
COMMERCIAL & ASSET MANAGEMENT - THE COMMERCIAL & ASSET PROGRAM IS INVOLVED WITH PROVIDING A VARIETY OF SERVICES TO THE COMMUNITY. WE HAVE SEVERAL COMMERCIAL SPACES WHICH ARE ALL LEASED TO OPERATORS WHO PROVIDE A WIDE RANGE OF NEEDED SERVICES TO LOCAL RESIDENTS. ONE OF OUR COMMERCIAL SPACES IS LEASED FOR THE OPERATION OF A FRESH MARKET AND GROCERY STORE THAT PROVIDES EASY ACCESS FOR COMMUNITY RESIDENTS TO FRESH, HEALTHY FOODS AT REASONABLE PRICES, AS WELL AS PROVIDING JOBS TO THE NEIGHBORHOOD RESIDENTS THROUGH A LOCAL EMPLOYMENT AGREEMENT. OUR SPACE KNOWN AS THE CALIFORNIA PARKING LOT IS LEASED TO A ERIE FAMILY HEALTH CENTER THAT SERVICES THE LOCAL COMMUNITY, PROVIDING LOW COST PARKING FOR ITS EMPLOYEES IN AN AREA WHERE PARKING IS SCARCE. THROUGH OUR LA ESTANCIA COMMERCIAL SPACES, WE RENT SPACE TO A DAY CARE CENTER SERVING LOCAL FAMILIES WITH DAY CARE AND AFTER SCHOOL PROGRAMMING; LEASE SPACE TO A LOCAL NOT FOR PROFIT FOR THE OPERATION OF A DIABETES PREVENTION PROGRAM; AS WELL AS SPACE FOR AUXILIARY CLASSROOMS FOR AN ALTERNATIVE HIGH SCHOOL AND THROUGH OUR ZAPATA COMMERCIAL SPACE WE LEASE SPACE TO A NON-PROFIT PROVIDER OF EMPLOYMENT AND SOCIAL SERVICES. OUR ASSET MANAGEMENT ACTIVITIES INCLUDE OVERSIGHT AND ACTIVITY RELATED TO OUR INTEREST IN THE ABOVE ASSETS, AS WELL AS OUR QUALITY AFFORDABLE HOUSING WHICH PROVIDES 2,060 UNITS OF BADLY NEEDED AFFORDABLE HOUSING IN OUR COMMUNITY.

Expenses $2,988,960 · Revenue $8,034,965
HOUSING RELATED SERVICES: TO PERFORM SERVICES FOR SENIOR CITIZENS INCLUDING MINOR REPAIRS AND ACCESSIBILITY IMPROVEMENTS TO HELP SENIORS LIVE IN THEIR HOMES INDEPENDENTLY AS WELL AS TECHNICAL AND HOUSING RELATED INFORMATION PROVIDED TO THE COMMUNITY.

Expenses $153,563
Expenses $224,042

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Clifton JohnsonCLIFTON JOHNSON

PRESIDENT

Total calculated

$0

Hours/week

1.5 + 1.5 related
Alfredo CalixtoALFREDO CALIXTO

VICE-PRESIDENT

Total calculated

$0

Hours/week

1.5 + 1.5 related
Colin Bird-MartinezCOLIN BIRD-MARTINEZ

TREASURER

Total calculated

$0

Hours/week

1.5 + 1.5 related
Cynthia LloydCYNTHIA LLOYD

SECRETARY

Total calculated

$0

Hours/week

1.5 + 1.5 related
Jason BenJASON BEN

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Greg BorkGREG BORK

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Antoinitta HallANTOINITTA HALL

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Maureen HellwigMAUREEN HELLWIG

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Maria Ika MartinezMARIA IKA MARTINEZ

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Raul MoralesRAUL MORALES

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Steven PatzkeSTEVEN PATZKE

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Andrea RuizANDREA RUIZ

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Diane SpiresDIANE SPIRES

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Alex WilsonALEX WILSON

DIRECTOR

Total calculated

$0

Hours/week

1.5 + 1.5 related
Joy ArugueteJOY ARUGUETE

CHIEF EXECUTIVE OFFICER

Total calculated

$257,900

From this org

$257,900

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$257,900

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$257,900
Joseph R DunneJOSEPH R DUNNE

VICE-PRESIDENT OF REAL ESTATE DEVELOPMENT

Total calculated

$166,620

From this org

$166,620

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$166,620

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$166,620
Michael J BurtonMICHAEL J BURTON

VP OF ASSET MANAGEMENT

Total calculated

$128,251

From this org

$128,251

From related orgs

$0

Other

$0

Hours/week

40
Yolanda CruzYOLANDA CRUZ

CONTROLLER

Total calculated

$127,151

From this org

$127,151

From related orgs

$0

Other

$0

Hours/week

40
Awilda Calderon SosaAWILDA CALDERON SOSA

VP OF ADMINISTRATION AND OPERATION

Total calculated

$109,630

From this org

$109,630

From related orgs

$0

Other

$0

Hours/week

40
Santiago SanchezSANTIAGO SANCHEZ

ASSISTANT CONTROLLER

Total calculated

$104,694

From this org

$104,694

From related orgs

$0

Other

$0

Hours/week

40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

BICKERDIKE APARTMENTS LLC

REAL ESTATE · IL · income $0 · assets $0

Directly controlled by BICKERDIKE REDEVELOPMENT CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

1301 N GREENVIEW PARTNERSHIP

RELATED · REAL ESTATE · IL · 100% owned · share of income -$64,058 · share of assets $160,264 · general or managing partner
HOWARD APARTMENTS LTD PARTNERSHIP

RELATED · REAL ESTATE · IL · 100% owned · share of income -$253,068 · share of assets $1,098,866
BOULEVARD APARTMENTS LIMITED PARTNERSHIP

RELATED · REAL ESTATE · IL · 100% owned · share of income $10,102 · share of assets $1,225,124
NUESTRO PUEBLO APARTMENTS LIMITED PARTNERSHIP

RELATED · REAL ESTATE · IL · 100% owned · share of income -$369,679 · share of assets $2,979,535
LA PAZ LIMITED PARTNERSHIP

RELATED · REAL ESTATE · IL · 100% owned · share of income $902,531 · share of assets $3,925,058
HUMBOLDT PARK COOPERATIVE LIMITED PARTNERSHIP

RELATED · REAL ESTATE · IL · 100% owned · share of income -$189,800 · share of assets $2,190,349
ERIE COOPERATIVE LIMITED PARTNERSHIP

RELATED · REAL ESTATE · IL · 100% owned · share of income -$972,045 · share of assets $9,939,074
LA ESTANCIA LIMITED PARTNERSHIP

RELATED · REAL ESTATE · IL · 100% owned · share of income -$590,066 · share of assets $13,356,499

Related corporations and trusts

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

BRC AFFILIATE INC

C · REAL ESTATE · IL · 100% owned · share of income -$1,373,990 · share of assets $2,996,594 · controlled entity

Directly controlled by BICKERDIKE REDEVELOPMENT CORPORATION
ROCKWELL COMMUNITY DEVELOPMENT INC

C · REAL ESTATE · IL · 100% owned · share of income $24,095 · share of assets $6,389,173 · controlled entity

Directly controlled by BICKERDIKE REDEVELOPMENT CORPORATION
BICKERDIKE LATHROP LLC

C · REAL ESTATE · IL · 100% owned · share of income $3,046 · share of assets $1,388,534

Directly controlled by BICKERDIKE REDEVELOPMENT CORPORATION

Provenance

Return type: form_990
Tax year: 2022
Filed: 29 August 2023
IRS schema version: 2022v5.0
Source object: 202302419349301755

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