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Kankakee County Housing Developmentcorporation Nfp

Tax-deductible

Kankakee, IL501(c)(3)Housing EIN 20-4345047Revenue $984K in FY2024

On file with the IRS185 N Saint Joseph Ave, 60901-2737 · Kankakee, ILTax-exempt since Feb 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To foster low-income Housing and to develop and promote affordable homeownership and rental opportunities for families and individuals throughout Kankakee County, illinois.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $120K a year · 13% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$597K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$984K
-2% vs prior year
Spent
$1.2M
To programs
90%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$984K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$806K
FY2021$874K
FY2022$803K
FY2023$1.0M
FY2024$984K
Expenses
$1.2M
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$905K
FY2021$883K
FY2022$888K
FY2023$1.2M
FY2024$1.2M
Net assets
$2.1M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.6M
FY2022$2.5M
FY2023$2.3M
FY2024$2.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2010.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.1M Management & general 10% · $120K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Douglas Jones
President
$0Pt VII · Sec A
Ronald Sieling
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kankakee County Housing Developmentcorporation Nfp 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 15aNo

Programs and updates

Develops and promotes affordable housing and homeownership for families in Kankakee County.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2024
01

Provide low-income housing to families and individuals throughout kankakee county, illinois. The azarelli tower operation housed 100 tenants on average throughout the year.

$1.1Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$984K
Ln 12
Fees for servicesLn 2g$984K
Investment incomeLn 3$346
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$120K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$101K
Total assetsLn 16$2.7M
LiabilitiesLn 26$597K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$984K
Investment incomeLn 3$346
Total revenueLn 12$984K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$52K
Cash and savings togetherLn 1–2$101K
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$168K
Total assetsLn 16$2.7M
LiabilitiesLn 26$597K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$139K$101K
Land, buildings, equipmentLn 10c$2.6M$2.3M
Total assetsLn 16$2.9M$2.7M
LiabilitiesLn 26$661K$597K
Net assetsLn 32$2.3M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$137K$137K
Legal feesLn 11b$29K$29K
Accounting feesLn 11c$12K$12K
Office expensesLn 13$38K$38K
Information technologyLn 14$9K$9K
OccupancyLn 16$381K$381K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$227K$227K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$287K$249K$38K
All other expensesLn 24e$24K$21K$3K
Total functional expensesLn 25$1.2M$1.1M$120K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $984K$1.2M−$224K$2.1M 990 PDF
FY2023 $1.0M$1.2M−$185K$2.3M 990 PDF
FY2022 $803K$888K−$85K$2.5M 990 PDF
FY2021 $874K$883K−$9K$2.6M 990 PDF
FY2020 $806K$905K−$99K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $984,164 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,004,371$983,818
I-10 Investment incomePrior year $451$346
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,004,822$984,164
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,190,069$1,207,854
I-18 Total expensesPrior year $1,190,069$1,207,854
I-19 Revenue less expensesPrior year −$185,247−$223,690
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $984,164 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $983,818$983,818
VIII-3 Investment incomeExcluded from tax $346$346
VIII-12 Total revenueRelated to mission $983,818 · Unrelated business $0 · Excluded from tax $346$984,164
Part IX · Statement of functional expenses $1,207,854 across 11 lines filed
IX-11a Management feesPrograms $136,908$136,908
IX-11b Legal feesManagement $29,455$29,455
IX-11c Accounting feesManagement $11,858$11,858
IX-13 Office expensesManagement $38,288$38,288
IX-14 Information technologyPrograms $8,875$8,875
IX-16 OccupancyPrograms $381,011$381,011
IX-20 InterestPrograms $16,575$16,575
IX-22 Depreciation, depletion and amortizationPrograms $227,463$227,463
IX-23 InsurancePrograms $45,703$45,703
IX-24 Other expenses (24a–d)Programs $249,479 · Management $37,799$287,278
IX-24e All other expensesPrograms $21,423 · Management $3,017$24,440
IX-25 Total functional expensesPrograms $1,087,437 · Management $120,417 · Fundraising $0$1,207,854
Part X · Balance sheet $2,658,129 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $28,501$49,334
X-2 Savings and temporary cash investmentsStart of year $110,862$52,046
X-4 Accounts receivableStart of year $29,347$21,562
X-9 Prepaid expenses and deferred chargesStart of year $13,480$18,221
X-10c Land, buildings and equipment, netStart of year $2,571,159$2,348,639
X-15 Other assetsStart of year $192,041$168,327
X-16 Total assetsStart of year $2,945,390$2,658,129
X-17 Accounts payable and accrued expensesStart of year $72,791$89,361
X-19 Deferred revenueStart of year $2,945$8,437
X-24 Unsecured notes and loans payableStart of year $179,064$179,064
X-26 Total liabilitiesStart of year $660,611$597,040
X-32 Total net assets or fund balancesStart of year $2,284,779$2,061,089
X-33 Total liabilities and net assetsStart of year $2,945,390$2,658,129
Part XI · Reconciliation of net assets $2,061,089 net assets at year end
XI-1 Total revenue$984,164
XI-2 Total expenses$1,207,854
XI-3 Revenue less expenses−$223,690
XI-4 Net assets at start of year$2,284,779
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,061,089

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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