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Nonprofiteer
← NHS REDEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by NHS REDEVELOPMENT CORPORATION.

Totals

Total revenue
$1,872,265
Total expenses
$472,952
Contributions and grants received
$98,716
Grants paid
$0
Program service revenue
$313,210
Investment income
$1,529,189
Other revenue
-$68,850
Total assets, end of year
$6,687,540
Total liabilities, end of year
$6,503,186
Net assets or fund balances, end of year
$184,354
Program services expenses (Part IX)
$428,400
Management and general expenses
$44,552
Fundraising expenses
$0
Program service expenses (Part III)
$428,400

Program services were 90.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KRISTINE JURMU

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • CHRISTINE KOLB

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ADRIENNE WHITNEY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • PAUL VIAMIS

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • MOLLY EKERDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ALLISON PORTER-BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DANIEL SIADAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MATT WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DONNA CLARKE

    CHIEF OPERATING OFFICER

    Total calculated
    $166,273
    From this org
    $0
    From related orgs
    $157,009
    Other
    $9,264
    Hours/week
    5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,009 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,264 related
    Filer's total
    $0 + $166,273 related

  • TOM SAKOS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $32,615
    From this org
    $0
    From related orgs
    $32,615
    Other
    $0
    Hours/week
    5 + 30 related

  • ANTHONY SIMPKINS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $237,433
    From this org
    $0
    From related orgs
    $216,227
    Other
    $21,206
    Hours/week
    5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,227 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,206 related
    Filer's total
    $0 + $237,433 related

  • ROBIN COFFEY

    CHIEF CREDIT OFFICER

    Total calculated
    $126,392
    From this org
    $0
    From related orgs
    $107,372
    Other
    $19,020
    Hours/week
    5 + 30 related

  • BRYAN ESENBERG

    OFFICER

    Total calculated
    $72,251
    From this org
    $0
    From related orgs
    $62,008
    Other
    $10,243
    Hours/week
    30 + 5 related

  • DWAYNE SHIPP

    DIRECTOR OF FINANCE

    Total calculated
    $0
    Hours/week
    5 + 30 related

  • LINDA GREENE

    OFFICER

    Total calculated
    $0
    Hours/week
    30 + 5 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

  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE PRESIDENT IS DETERMINED BY A RELATED ORGANIZATION, NEIGHBORHOOD HOUSING SERVICES OF CHICAGO, INC. (NHS). NHS USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

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.

  • NHS RC FINANCE LLC

    PROPERTY RENTALS · IL · income -$7,529 · assets $50,310

    Directly controlled by NHS REDEVELOPMENT CORPORATION

  • NHA THRIVE ENGLEWOOD LLC

    PROPERTY RENTALS · IL · income $0 · assets $0

    Directly controlled by NHS REDEVELOPMENT CORPORATION

Related partnerships

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

Related corporations and trusts

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

  • NHS ROSELAND SLF INC

    C · DEVELOPMENT · IL · 100% owned · share of income $1,387,662 · share of assets $371,049

    Directly controlled by NHS REDEVELOPMENT CORPORATION

  • NHS SOUTH CHICAGO SLF INC

    C · DEVELOPMENT · IL · 100% owned

    Directly controlled by NHS REDEVELOPMENT CORPORATION

  • NHS SOUTH CHICAGO SA INC

    C · DEVELOPMENT · IL · 100% owned · share of assets $3,035,779

    Directly controlled by NHS REDEVELOPMENT CORPORATION

  • NHS WRIGHTWOOD INC

    C · DEVELOPMENT · IL · 100% owned · share of assets $337,206

    Directly controlled by NHS REDEVELOPMENT CORPORATION

  • NHS RC INITIATIVES

    C · DEVELOPMENT · IL · 100% owned · share of income -$37,500 · share of assets $2,211,135

    Directly controlled by NHS REDEVELOPMENT CORPORATION

  • NHS REALTY SERVICES NFP

    C · DEVELOPMENT · IL · 100% owned

    Directly controlled by NHS REDEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
12 December 2024
IRS schema version
2023v5.1
Source object
202403489349301140

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