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← JANE ADDAMS DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by JANE ADDAMS DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,436,556
Total expenses
$1,303,116
Contributions and grants received
$163,000
Grants paid
$228,495
Program service revenue
$1,265,588
Investment income
$7,968
Other revenue
$0
Total assets, end of year
$3,563,327
Total liabilities, end of year
$1,878,777
Net assets or fund balances, end of year
$1,684,550
Program services expenses (Part IX)
$986,549
Management and general expenses
$316,567
Fundraising expenses
$0
Program service expenses (Part III)
$986,549

Program services were 75.7% 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.

  • 1d · Related organizations

    $163,000

  • 2a · Program service revenue: RENTAL INCOME

    total $1,143,318 · related or exempt $1,143,318

  • 2b · Program service revenue: OTHER PROGRAM

    total $122,270 · related or exempt $122,270

  • 3 · Investment income

    total $7,968 · excluded $7,968

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $228,495 · program services $228,495

  • 11a · Fees: management

    total $75,785 · management and general $75,785

  • 11b · Fees: legal

    total $11,889 · program services $11,889

  • 11c · Fees: accounting

    total $65,719 · management and general $65,719

  • 11f · Fees: investment management

    total $2,022 · management and general $2,022

  • 11g · Fees: other

    total $50,916 · program services $32,875 · management and general $18,041

  • 16 · Occupancy

    total $235,058 · program services $235,058

  • 17 · Travel

    total $279 · program services $279

  • 20 · Interest

    total $55,131 · program services $55,131

  • 22 · Depreciation, depletion and amortization

    total $113,549 · program services $113,549

  • 23 · Insurance

    total $46,767 · program services $46,767

  • 24a · Other expenses: REAL ESTATE TAXES

    total $262,506 · program services $262,506

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $107,777 · management and general $107,777

  • 24c · Other expenses: LEASE COST AMORTIZATION

    total $47,223 · management and general $47,223

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,528,378 · end of year $555,580

  • 4 · Accounts receivable

    beginning of year $40,222 · end of year $76,091

  • 9 · Prepaid expenses and deferred charges

    end of year $3,711

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

    $6,170,581

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

    $4,136,692

  • 10c · Land, buildings and equipment, net

    beginning of year $1,610,818 · end of year $2,033,889

  • 11 · Investments: publicly traded securities

    end of year $782,217

  • 15 · Other assets

    beginning of year $156,456 · end of year $111,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $309,867 · end of year $498,911

  • 18 · Grants payable

    beginning of year $82,019

  • 23 · Secured mortgages and notes payable

    beginning of year $1,197,601 · end of year $1,073,681

  • 25 · Other liabilities

    beginning of year $221,574 · end of year $306,185

  • 27 · Net assets without donor restrictions

    beginning of year $1,524,813 · end of year $1,684,550

Mission and programs · 2024

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 $986,549 · Grants $228,495 · Revenue $1,265,588

As filed on the 2024 return.

Listed in Part VII

  • TAMMY PHILLIPS

    BOARD CHAIR

    Total calculated
    $65,719
    From this org
    $65,719
    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

  • GARY SMITH

    DIRECTOR

    Total calculated
    $25,869
    From this org
    $25,869
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • GUY LOUDON

    EXECUTIVE DIRECTOR

    Total calculated
    $7,514
    From this org
    $7,514
    From related orgs
    $0
    Other
    $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
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611409349301221

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