Ipers Creekside INC FY2021 filing

Not tax-deductible

Chicago, ILMutual-benefit / member-servingSince 2004Community DevelopmentEIN 20-2161594Revenue $6.1M in FY2021

On file with the IRS222 South Riverside Plaza 34th Flr, 60606-6886 · Chicago, ILTax-exempt since Apr 2008

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Title Holding Corporation For Real Property

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.5M a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$38.5M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
Spent
$5.1M
To programs
0%
Net assets
$65.2M
By yearFY2021–FY2025
Revenue
$6.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$6.1M
FY2022$6.6M
FY2023$7.2M
FY2024$7.7M
FY2025$7.6M
Expenses
$5.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$5.1M
FY2022$5.3M
FY2023$5.5M
FY2024$5.9M
FY2025$6.1M
Net assets
$65.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$65.2M
FY2022$92.3M
FY2023$72.0M
FY2024$73.2M
FY2025$72.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
See Ipers Creekside INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps people secure and maintain ownership of their homes.

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1 program · in their own filed words · FY2020
01

Title Holding Corporation for Real Property

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$96
Money outPt IX
$5.1M
Ln 25
Owns and owesPt X
$65.2M
net assets · Ln 32
Cash and savingsLn 1–2$373K
Total assetsLn 16$103.7M
LiabilitiesLn 26$38.5M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$96
Gains on assetsLn 7$0
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$373K
SavingsLn 2$0
Cash and savings togetherLn 1–2$373K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$103.2M
Other assetsLn 15$0
Total assetsLn 16$103.7M
LiabilitiesLn 26$38.5M
Net assetsLn 32$65.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$292K$373K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$78.0M$103.2M
Total assetsLn 16$78.4M$103.7M
LiabilitiesLn 26$38.1M$38.5M
Net assetsLn 32$40.3M$65.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$1.6M
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.3M
InsuranceLn 23$109K
Other expenses (24a–d)Ln 24$1.8M
All other expensesLn 24e$356K
Total functional expensesLn 25$5.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.6M$6.1M$1.5M$72.9M 990 PDF
FY2024 $7.7M$5.9M$1.9M$73.2M 990 PDF
FY2023 $7.2M$5.5M$1.7M$72.0M 990 PDF
FY2022 $6.6M$5.3M$1.3M$92.3M 990 PDF
FY2021 Viewing $6.1M$5.1M$954K$65.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $6,085,661 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $5,830,926$6,085,565
I-10 Investment incomePrior year $120$96
I-11 Other revenue$0
I-12 Total revenuePrior year $5,831,046$6,085,661
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,969,419$5,131,447
I-18 Total expensesPrior year $4,969,419$5,131,447
I-19 Revenue less expensesPrior year $861,627$954,214
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,085,661 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,085,565$6,085,565
VIII-3 Investment incomeRelated to mission $96$96
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $6,085,661$6,085,661
Part IX · Statement of functional expenses $5,131,447 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$1,552,410
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$1,264,428
IX-23 Insurance$109,066
IX-24 Other expenses (24a–d)$1,849,838
IX-24e All other expenses$355,705
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$5,131,447
Part X · Balance sheet $103,676,356 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $292,169$373,402
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $69,226$49,173
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $39,783$53,781
X-10c Land, buildings and equipment, netStart of year $78,000,000$103,200,000
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $78,401,178$103,676,356
X-17 Accounts payable and accrued expensesStart of year $612,810$503,061
X-25 Other liabilitiesStart of year $189,589$199,879
X-26 Total liabilitiesStart of year $38,086,337$38,489,761
X-32 Total net assets or fund balancesStart of year $40,314,841$65,186,595
X-33 Total liabilities and net assetsStart of year $78,401,178$103,676,356
Part XI · Reconciliation of net assets $65,186,595 net assets at year end
XI-1 Total revenue$6,085,661
XI-2 Total expenses$5,131,447
XI-3 Revenue less expenses$954,214
XI-4 Net assets at start of year$40,314,841
XI-5 Net unrealized gains (losses) on investments$24,079,230
XI-9 Other changes in net assets−$161,690
XI-10 Net assets at end of year$65,186,595

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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