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Cmhdc Development Services

Chicago, ILUnknown exempt organization EIN 27-2069309Revenue $1.2M in FY2023

On file with the IRScmhdc.com225 W Wacker · Chicago, IL

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Develop affordable housing- Cmhdc Development Services mission is to retain and develop properties with both affordable and market rate housing outside the city of chicago.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $451K a year · 21% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-51% vs prior year
Spent
$1.5M
To programs
96%
Net assets
$0
By yearFY2020–FY2023
Revenue
$1.2M
FY2023▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.6M
FY2022$2.4M
FY2023$1.2M
Expenses
$1.5M
FY2023▼ -51%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$3.1M
FY2022$3.0M
FY2023$1.5M
Net assets
$0
FY2023▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.1M
FY2021−$3.5M
FY2022−$4.1M
FY2023$0

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $1.4M Management & general 4% · $56K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Pamela Daniels Halisi
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Bruce Martin
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Marla Kaiden
Director
$0Pt VII · Sec A
See Cmhdc Development Services 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

Develops affordable and market-rate housing properties outside Chicago.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2023
01

The organization provides revitalization, development and financing and rentals of low and moderate income housing with emphasis on promoting mixed income developments and communities. During 2023 the organization owned and operated 147 rental units.

$1.4Mprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$110K
Investment incomeLn 3$6K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$56K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Government grantsLn 1e$110K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$6K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY23End FY23
Total assetsLn 16$13.2M$0
LiabilitiesLn 26$17.3M$0
Net assetsLn 32−$4.1M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$56K$37K$19K$0
Advertising and promotionLn 12$18K$18K$0$0
OccupancyLn 16$10K$8K$3K$0
InterestLn 20$202K$202K$0$0
Depreciation, depletion and amortizationLn 22$405K$405K$0$0
InsuranceLn 23$83K$83K$0$0
All other expensesLn 24e$690K$656K$35K$0
Total functional expensesLn 25$1.5M$1.4M$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $1.2M$1.5M−$275K$0 990 PDF
FY2022 $2.4M$3.0M−$583K−$4.1M 990 PDF
FY2021 $2.6M$3.1M−$417K−$3.5M 990 PDF
FY2020 $2.2M$2.8M−$530K−$3.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,189,099 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $262,840$109,515
I-9 Program service revenuePrior year $2,165,404$1,073,712
I-10 Investment incomePrior year $3,974$5,872
I-11 Other revenue$0
I-12 Total revenuePrior year $2,432,218$1,189,099
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 $3,014,987$1,464,368
I-18 Total expensesPrior year $3,014,987$1,464,368
I-19 Revenue less expensesPrior year −$582,769−$275,269
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $1,189,099 across 5 lines filed
VIII-1e Government grants$109,515
VIII-1h Total contributions, gifts and grants$109,515
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,073,712
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$5,872
VIII-12 Total revenueRelated to mission $1,079,584 · Unrelated business $0 · Excluded from tax $0$1,189,099
Part IX · Statement of functional expenses $1,464,368 across 7 lines filed
IX-11a Management feesPrograms $37,080 · Management $18,540 · Fundraising $0$55,620
IX-12 Advertising and promotionPrograms $17,930 · Management $0 · Fundraising $0$17,930
IX-16 OccupancyPrograms $7,719 · Management $2,698 · Fundraising $0$10,417
IX-20 InterestPrograms $202,196 · Management $0 · Fundraising $0$202,196
IX-22 Depreciation, depletion and amortizationPrograms $404,945 · Management $0 · Fundraising $0$404,945
IX-23 InsurancePrograms $83,044 · Management $0 · Fundraising $0$83,044
IX-24e All other expensesPrograms $655,546 · Management $34,670 · Fundraising $0$690,216
IX-25 Total functional expensesPrograms $1,408,460 · Management $55,908 · Fundraising $0$1,464,368
Part X · Balance sheet $0 assets, 7 lines filed
X-15 Other assetsStart of year $305,136$0
X-16 Total assetsStart of year $13,211,377$0
X-25 Other liabilitiesStart of year $6,700,393$0
X-26 Total liabilitiesStart of year $17,271,476$0
X-27 Net assets without donor restrictionsStart of year −$4,060,099$0
X-32 Total net assets or fund balancesStart of year −$4,060,099$0
X-33 Total liabilities and net assetsStart of year $13,211,377$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,189,099
XI-2 Total expenses$1,464,368
XI-3 Revenue less expenses−$275,269
XI-4 Net assets at start of year−$4,060,099
XI-9 Other changes in net assets$4,335,368
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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