Skip to content
Nonprofiteer
← PEACE CORNER INCORPORATED

Form 990 for tax year 2023

Filed by PEACE CORNER INCORPORATED.

Totals

Total revenue
$85,811
Total expenses
$4,044,101
Contributions and grants received
$4,630
Grants paid
$0
Program service revenue
$0
Investment income
$81,181
Other revenue
$0
Total assets, end of year
$23,910
Total liabilities, end of year
$2,085,736
Net assets or fund balances, end of year
-$2,061,826
Program services expenses (Part IX)
$783,570
Management and general expenses
$3,260,531
Fundraising expenses
$0
Program service expenses (Part III)
$783,570

Program services were 19.4% 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.

  • 1f · All other contributions, gifts and grants

    $4,630

  • 3 · Investment income

    total $120 · excluded $120

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $1,180,000

  • 7b · Less cost or other basis and sales expenses

    other assets $1,098,939

  • 7c · Gain or loss

    other assets $81,061

  • 7d · Net gain or loss

    total $81,061 · excluded $81,061

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $281,749 · program services $253,574 · management and general $28,175

  • 8 · Pension plan contributions

    total $954 · program services $859 · management and general $95

  • 9 · Other employee benefits

    total $58,365 · program services $52,528 · management and general $5,837

  • 10 · Payroll taxes

    total $28,176 · program services $25,358 · management and general $2,818

  • 11a · Fees: management

    total $192,668 · management and general $192,668

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $59,913 · program services $59,003 · management and general $910

  • 12 · Advertising and promotion

    total $33,401 · management and general $33,401

  • 13 · Office expenses

    total $13,180 · program services $2,437 · management and general $10,743

  • 14 · Information technology

    total $180 · management and general $180

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $319,857 · program services $319,857

  • 17 · Travel

    total $4,993 · program services $4,993

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $2,154 · management and general $2,154

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $1,800,000 · management and general $1,800,000

  • 22 · Depreciation, depletion and amortization

    total $43,886 · program services $43,886

  • 23 · Insurance

    total $15,305 · program services $15,305

  • 24a · Other expenses: Donation of Fixed Assets

    total $1,180,000 · management and general $1,180,000

  • 24b · Other expenses: Client Assistance

    total $5,770 · program services $5,770

  • 24c · Other expenses: Subscriptions

    total $1,353 · management and general $1,353

  • 24d · Other expenses: Miscellaneous

    total $1,301 · management and general $1,301

  • 24e · All other expenses

    total $896 · management and general $896

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,103 · end of year $23,378

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $532

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,142,825 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $777,865 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,329 · end of year $19,113

  • 25 · Other liabilities

    end of year $2,066,623

  • 27 · Net assets without donor restrictions

    beginning of year $96,464 · end of year -$2,061,826

  • 28 · Net assets with donor restrictions

    beginning of year $1,800,000

Mission and programs · 2023

Mission

Peace Corner Youth Center operates a youth center in the Austin neighborhood of Chicago, Illinois. The youth center provides a safe haven for the youth in a neighborhood usually characterized by violence and crime. The staff and volunteers provide tutoring and GED preparation, free legal counseling, job training, support, and recreational activities for the children who visit the Peace Corner.

Activities or mission (Part I)

Peace Corner Youth Center operates a youth center in the Austin neighborhood of Chicago, Illinois. The youth center provides a safe haven for the youth in a neighborhood usually characterized by violence and crime.

  • Peace Corner Youth Center provides a safe haven for the youth in a neighborhood usually characterized by violence and crime. The staff and volunteers provide tutoring and GED preparation, free legal counseling, job training, support, and recreational activities for the children who visit the Peace Corner.

    Expenses $783,570

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

Listed in Part VII

  • Elida Hernandez

    Treasurer

    Total calculated
    $306,724
    From this org
    $0
    From related orgs
    $262,994
    Other
    $43,730
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $261,922 related
    Bonus
    not reported
    Other
    not reported + $1,072 related
    Deferred
    not reported + $32,885 related
    Nontaxable benefits
    not reported + $10,845 related
    Filer's total
    not reported + $306,724 related

  • Ami Novoryta

    President

    Total calculated
    $288,659
    From this org
    $0
    From related orgs
    $249,654
    Other
    $39,005
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $249,294 related
    Bonus
    not reported
    Other
    not reported + $360 related
    Deferred
    not reported + $8,152 related
    Nontaxable benefits
    not reported + $30,853 related
    Filer's total
    not reported + $288,659 related

  • Gina Cleggs

    President

    Total calculated
    $253,881
    From this org
    $0
    From related orgs
    $227,530
    Other
    $26,351
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $222,286 related
    Bonus
    not reported
    Other
    not reported + $5,244 related
    Deferred
    not reported + $8,245 related
    Nontaxable benefits
    not reported + $18,106 related
    Filer's total
    not reported + $253,881 related

  • Sarah Loffman

    Secretary

    Total calculated
    $106,473
    From this org
    $0
    From related orgs
    $71,604
    Other
    $34,869
    Hours/week
    1 + 35 related

  • Enrique Alonso

    Secretary

    Total calculated
    $88,747
    From this org
    $0
    From related orgs
    $74,545
    Other
    $14,202
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $36,726 related
    Bonus
    not reported
    Other
    not reported + $37,819 related
    Deferred
    not reported + $3,189 related
    Nontaxable benefits
    not reported + $11,013 related
    Filer's total
    not reported + $88,747 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. 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

Part II, Compensation from Unrelated Organizations
Board Members are employees of Catholic Charities, a related party of the organization. The organization does not compensate its board members.

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.

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
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349300333

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.