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Nonprofiteer
← IAR PLAZA INC

Form 990 for tax year 2025

Filed by IAR PLAZA INC.

Totals

Total revenue
$583,720
Total expenses
$708,284
Contributions and grants received
$49,714
Grants paid
$0
Program service revenue
$522,000
Investment income
$12,006
Other revenue
$0
Total assets, end of year
$5,997,654
Total liabilities, end of year
$5,589,514
Net assets or fund balances, end of year
$408,140
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $49,714

  • 2a · Program service revenue: 501(C)(2) INCOME FROM

    total $522,000 · related or exempt $522,000

  • 3 · Investment income

    total $12,006 · excluded $12,006

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $425

  • 11c · Fees: accounting

    total $2,700

  • 11g · Fees: other

    total $2,500

  • 16 · Occupancy

    total $272,918

  • 22 · Depreciation, depletion and amortization

    total $323,400

  • 23 · Insurance

    total $5,000

  • 24a · Other expenses: REAL ESTATE TAXES

    total $93,613

  • 24b · Other expenses: ADMINISTRATIVE

    total $7,437

  • 24c · Other expenses: DUES

    total $291

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $969,649 · end of year $873,724

  • 4 · Accounts receivable

    beginning of year $370 · end of year $50,084

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,590 · end of year $868

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

    $9,446,250

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

    $4,373,272

  • 10c · Land, buildings and equipment, net

    beginning of year $5,042,495 · end of year $5,072,978

  • 15 · Other assets

    beginning of year $99,434 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,219 · end of year $25,996

  • 19 · Deferred revenue

    beginning of year $43,500 · end of year $43,500

  • 25 · Other liabilities

    beginning of year $5,515,115 · end of year $5,520,018

  • 27 · Net assets without donor restrictions

    beginning of year $532,704 · end of year $408,140

Mission and programs · 2025

Mission

OWN THE LAND AND BUILDING LOCATED AT 428 S. FIFTH STREET, 522 S. FIFTH STREET AND 435 S. SIXTH STREET, SPRINGFIELD, ILLINOIS FOR THE BENEFIT OF THE ILLINOIS ASSOCIATION OF REALTORS.

  • OWN THE LAND AND BUILDING LOCATED AT 428 S. FIFTH STREET, 522 S. FIFTH STREET AND 435 S. SIXTH STREET, SPRINGFIELD, ILLINOIS FOR THE BENEFIT OF THE ILLINOIS ASSOCIATION OF REALTORS.

As filed on the 2025 return.

Listed in Part VII

  • Debroah Prodehl

    PRESIDENT

    Total calculated
    $22,432
    From this org
    $0
    From related orgs
    $22,432
    Other
    $0
    Hours/week
    1
  • Jeff Kolbus

    PRESIDENT

    Total calculated
    $29,623
    From this org
    $0
    From related orgs
    $29,623
    Other
    $0
    Hours/week
    1
  • Domonic Campo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Grissom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sandra Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karen Kramford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sarah Ware

    DIRECTOR

    Total calculated
    $5,159
    From this org
    $0
    From related orgs
    $5,159
    Other
    $0
    Hours/week
    1
  • Jeffery Baker

    SECRECTARY/TREASURER

    Total calculated
    $574,469
    From this org
    $0
    From related orgs
    $542,125
    Other
    $32,344
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $367,500 related
    Bonus
    $0 + $137,695 related
    Other
    $0 + $36,930 related
    Deferred
    $0 + $21,000 related
    Nontaxable benefits
    $0 + $11,344 related
    Filer's total
    $0 + $574,469 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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
2025
Filed
20 May 2026
IRS schema version
2025v4.1
Source object
202621809349300347

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