Totals
- Total revenue
- $10,140,044
- Total expenses
- $10,648,411
- Contributions and grants received
- $800,467
- Grants paid
- $0
- Program service revenue
- $9,252,865
- Investment income
- $86,712
- Other revenue
- $0
- Total assets, end of year
- $45,218,271
- Total liabilities, end of year
- $45,467,803
- Net assets or fund balances, end of year
- -$249,532
- Program services expenses (Part IX)
- $8,511,203
- Management and general expenses
- $2,137,208
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,511,203
Program services were 79.9% 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)
$800,467
-
2a · Program service revenue: RENT-TENANTS
total $8,983,678 · related or exempt $8,983,678
-
2b · Program service revenue: MGMT. & MAINT. FEES
total $189,172 · related or exempt $189,172
-
2c · Program service revenue: VILL OAK PARK SMALL CONDO GT
total $42,500 · related or exempt $42,500
-
2d · Program service revenue: PROGRAM REIMBURSEMENTS
total $22,548 · related or exempt $22,548
-
2e · Program service revenue: OTHER ADMINISTRATIVE FEES
total $14,967 · related or exempt $14,967
-
3 · Investment income
total $86,712 · excluded $86,712
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $246,242 · program services $246,242
-
7 · Other salaries and wages
total $1,185,076 · program services $210,008 · management and general $975,068
-
9 · Other employee benefits
total $297,537 · program services $28,068 · management and general $269,469
-
11g · Fees: other
total $69,652 · program services $69,652
-
16 · Occupancy
total $2,684,038 · program services $2,214,580 · management and general $469,458
-
20 · Interest
total $1,146,093 · program services $1,145,066 · management and general $1,027
-
22 · Depreciation, depletion and amortization
total $2,339,915 · program services $2,313,072 · management and general $26,843
-
23 · Insurance
total $352,841 · program services $291,642 · management and general $61,199
-
24a · Other expenses: REAL ESTATE TAXES
total $1,363,050 · program services $1,355,210 · management and general $7,840
-
24b · Other expenses: ADMINISTRATIVE EXPENSES
total $709,677 · program services $383,373 · management and general $326,304
-
24c · Other expenses: BAD DEBT
total $206,222 · program services $206,222
-
24d · Other expenses: AMORTIZATION OF FEES
total $48,068 · program services $48,068
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $764,579 · end of year $457,851
-
4 · Accounts receivable
beginning of year $183,501 · end of year $352,836
-
8 · Inventories for sale or use
beginning of year $36,040 · end of year $62,130
-
9 · Prepaid expenses and deferred charges
beginning of year $176,932 · end of year $212,660
-
10a · Land, buildings and equipment: cost or other basis
$67,612,712
-
10b · Land, buildings and equipment: accumulated depreciation
$33,833,520
-
10c · Land, buildings and equipment, net
beginning of year $34,690,303 · end of year $33,779,192
-
11 · Investments: publicly traded securities
beginning of year $3,334,679 · end of year $817,360
-
15 · Other assets
beginning of year $3,396,579 · end of year $9,536,242
-
17 · Accounts payable and accrued expenses
beginning of year $169,543 · end of year $217,155
-
19 · Deferred revenue
beginning of year $707,776 · end of year $734,187
-
20 · Tax-exempt bond liabilities
beginning of year $18,011,178 · end of year $17,664,881
-
23 · Secured mortgages and notes payable
beginning of year $21,126,339 · end of year $24,266,727
-
25 · Other liabilities
beginning of year $2,309,942 · end of year $2,584,853
-
27 · Net assets without donor restrictions
beginning of year $1,702,100 · end of year $1,136,849
-
28 · Net assets with donor restrictions
beginning of year -$1,444,265 · end of year -$1,386,381
Mission and programs · 2023
Mission
THE ORGANIZATION WAS ESTABLISHED TO PROMOTE THE PROGRESS AND GENERAL WELFARE OF THE RESIDENTS OF THE VILLAGE OF OAK PARK, ILLINOIS BY IMPROVING OR CAUSING TO BE IMPROVED SUBSTANDARD OAK PARK HOUSING STOCK AND DEVELOPING PROJECTS AND ACTIVITIES FOR THE PREVENTION AND ELIMINATION OF BLIGHT INFLUENCE AND IN COOPERATION WITH GOVERNMENT AND CIVIC BODIES FOR THE PREVENTION AND ELIMINATION OF RACIAL AND ETHNIC PREJUDICE AND DISCRIMINATION. THE ORGANIZATION ALSO ASSISTS THE LOCAL GOVERNMENT IN IMPLEMENTING ITS FAIR HOUSING ORDINANCE, INSTRUCTS AND COUNCELS INDIVIDUALS AND GROUPS ON HOUSING MANAGEMENT STANDARDS, HOUSING REHABILITATION TECHNIQUES AND IMPROVEMENT OF RESIDENTIAL PROPERTIES TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES TO MEET THEIR PHYSICAL NEEDS TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.
-
TO REPAIR, PURCHASE, SELL AND MANAGE SUBSTANDARD RESIDEN- TIAL HOUSING IN OAK PARK, ILLINOIS. THE CORPORATION ALSO MANAGES PROPERTIES AND SELLS FORECLOSED HOUSES.
Expenses $7,492,526 · Revenue $8,978,972
-
OPERATION OF THE OAKS, AN APARTMENT COMPLEX FOR THE ELDERY AND PHYSICALLY HANDICAPPED THAT IS SUBSUDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Expenses $1,018,677 · Revenue $1,074,360
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David G PopeDAVID G POPE
CEO
- Total calculated
- $246,242
- From this org
- $187,144
- From related orgs
- $59,098
- Other
- $0
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $187,144 + $59,098 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $187,144 + $59,098 related
-
Darian BloomDARIAN BLOOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Von DrehleRYAN VON DREHLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter GonzalezPETER GONZALEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Majorie GreenwaldMAJORIE GREENWALD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Nancy LeavyNANCY LEAVY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wayne PierceWAYNE PIERCE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Cody PowellCODY POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer StratmanJENNIFER STRATMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel WeberRACHEL WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
ELIZABETH H & CYRUS V GIDDINGS CO
501C3 · HOUSING · IL
Directly controlled by OPRC
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.
-
A & L LLC
OWNS BUILD · IL · income $196,222 · assets $3,892,424
Directly controlled by OPRC OAK PARK RESIDENCE CORPORATION
-
THE OAKS LLC
OWNS APT · IL · income $1,076,561 · assets $2,374,353
Directly controlled by OPRC OAK PARK RESIDENCE CORPORATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
RC MANAGEMENT SERVICES
C CORP · PROP.MGMT. · IL · 100% owned · share of income $74,160 · share of assets $13,062
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 July 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442289349303689
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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