To improve the quality of life in our community by developing affordable housing, quality education, arts & cultural endeavors, open spaces, and thriving neighborhood businesses.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
5 of 5
filings with a surplus
Average surplus $311K a year · 18% 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $56K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$212K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+139% vs prior year
Spent
$1.6M
To programs
94%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.7M
FY2022▲ +139%
Tap a bar for its year
Revenue by fiscal year
FY2020$952K
FY2021$928K
FY2021$700K
FY2022$1.7M
FY2023$2.8M
FY2024$2.3M
Expenses
$1.6M
FY2022▲ +139%
Tap a bar for its year
Expenses by fiscal year
FY2020$944K
FY2021$849K
FY2021$675K
FY2022$1.6M
FY2023$2.1M
FY2024$1.6M
Net assets
$1.1M
FY2022▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$924K
FY2021$1.0M
FY2021$1.0M
FY2022$1.1M
FY2023$1.7M
FY2024$1.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1964.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.5M Management & general 6% · $104K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
Administration
$0Pt VII · Sec A
Human Resources
$0Pt VII · Sec A
Communications and Organizing
$0Pt VII · Sec A
VP Arts & Culture
$0Pt VII · Sec A
VP Community Health Safety
$0Pt VII · Sec A
VP Education
$0Pt VII · Sec A
VP Environment
$0Pt VII · Sec A
VP at Large
$0Pt VII · Sec A

Thomas Applegate’s $89K as Executive Director is at the 15th percentile of top reported officer pay among 2833 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2021FY2020
Thomas Applegate$89,423$87,496$84,296

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See North River Commission 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 housing, education, arts, open spaces, and businesses to improve community life.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2022
01

NRC partners with four local schools and Chicago Public Schools and Illinois State Board of Education in delivery of Out-of-School Time education through the Nita M. Lowey 21st Century Community Learning Centers.

$733Kprogram expense
02

Arts and Culture NRC collaborates with artists and the community to enhance offerings in the area. Arts are important to all facets of the community from schools to parks, to the business districts. NRC, the Chamber, and the SSA work together with businesses and community members and organizations on a music series called Lot Jams!

$203Kprogram expense
03

Economic Development Over the past 50 years, NRC has revitalized 900 businesses on the Lawrence, Kedzie, Montrose and Irving Park commercial corridors through storefront improvements, multiple small business loans, property referrals, beautification, marketing and promotions.

$197Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$56K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$23K
Investment incomeLn 3$2K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.5M
Managementcol C$104K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$802K
Total assetsLn 16$1.3M
LiabilitiesLn 26$212K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$733K
Fundraising eventsLn 1c$49K
Fees for servicesLn 2g$23K
Investment incomeLn 3$2K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$188K
SavingsLn 2$613K
Cash and savings togetherLn 1–2$802K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$500
Total assetsLn 16$1.3M
LiabilitiesLn 26$212K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 515
VolunteersI 615
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 FY22End FY22
Cash and savingsLn 1–2$714K$802K
Land, buildings, equipmentLn 10c$0$2K
Total assetsLn 16$1.0M$1.3M
LiabilitiesLn 26$13K$212K
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$625K$607K$19K
Other employee benefitsLn 9$84K$66K$19K
Payroll taxesLn 10$21K$16K$5K
Other fees for servicesLn 11g$71K$41K$30K
Office expensesLn 13$39K$31K$8K
OccupancyLn 16$41K$38K$4K
Conferences, conventions and meetingsLn 19$2K$2K$736
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$390$390
InsuranceLn 23$9K$5K$5K
Other expenses (24a–d)Ln 24$661K$661K
All other expensesLn 24e$53K$41K$12K
Total functional expensesLn 25$1.6M$1.5M$104K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.3M$1.6M$676K$1.2M 990 PDF
FY2023 $2.8M$2.1M$734K$1.7M 990 PDF
FY2022 Viewing $1.7M$1.6M$59K$1.1M 990 PDF
FY2021 $928K$849K$79K$1.0M 990 PDF
FY2020 $952K$944K$8K$924K 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 FY2022 990 (6 parts)
Part I · Summary $1,669,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $679,652$1,644,949
I-9 Program service revenuePrior year $18,243$22,768
I-10 Investment incomePrior year $379$2,066
I-11 Other revenuePrior year $1,374$0
I-12 Total revenuePrior year $699,648$1,669,783
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 $371,772$730,857
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $302,995$879,629
I-18 Total expensesPrior year $674,767$1,610,486
I-19 Revenue less expensesPrior year $24,881$59,297
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $1,669,783 across 9 lines filed
VIII-1b Membership dues$18,880
VIII-1c Fundraising events$48,675
VIII-1e Government grants$732,861
VIII-1f All other contributions, gifts and grants$844,533
VIII-1h Total contributions, gifts and grants$1,644,949
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,768$22,768
VIII-3 Investment incomeRelated to mission $2,066$2,066
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $24,834 · Unrelated business $0 · Excluded from tax $0$1,669,783
Part IX · Statement of functional expenses $1,610,486 across 12 lines filed
IX-7 Other salaries and wagesPrograms $606,703 · Management $18,583$625,286
IX-9 Other employee benefitsPrograms $65,607 · Management $18,850$84,457
IX-10 Payroll taxesPrograms $16,402 · Management $4,712$21,114
IX-11g Other fees for servicesPrograms $40,693 · Management $30,067$70,760
IX-13 Office expensesPrograms $30,763 · Management $8,324$39,087
IX-16 OccupancyPrograms $37,511 · Management $3,502$41,013
IX-19 Conferences, conventions and meetingsPrograms $1,560 · Management $736$2,296
IX-20 InterestManagement $2,538$2,538
IX-22 Depreciation, depletion and amortizationManagement $390$390
IX-23 InsurancePrograms $4,791 · Management $4,692$9,483
IX-24 Other expenses (24a–d)Programs $661,189$661,189
IX-24e All other expensesPrograms $41,186 · Management $11,687$52,873
IX-25 Total functional expensesPrograms $1,506,405 · Management $104,081 · Fundraising $0$1,610,486
Part X · Balance sheet $1,299,036 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $101,801$188,271
X-2 Savings and temporary cash investmentsStart of year $611,705$613,398
X-3 Pledges and grants receivableStart of year $324,165$426,424
X-4 Accounts receivable$66,373
X-9 Prepaid expenses and deferred chargesStart of year $2,649$1,650
X-10c Land, buildings and equipment, netStart of year $0$2,420
X-15 Other assetsStart of year $501$500
X-16 Total assetsStart of year $1,040,821$1,299,036
X-17 Accounts payable and accrued expensesStart of year $10,382$5,914
X-25 Other liabilitiesStart of year $2,394$205,780
X-26 Total liabilitiesStart of year $12,776$211,694
X-27 Net assets without donor restrictionsStart of year $1,028,045$948,241
X-28 Net assets with donor restrictions$139,101
X-32 Total net assets or fund balancesStart of year $1,028,045$1,087,342
X-33 Total liabilities and net assetsStart of year $1,040,821$1,299,036
Part XI · Reconciliation of net assets $1,087,342 net assets at year end
XI-1 Total revenue$1,669,783
XI-2 Total expenses$1,610,486
XI-3 Revenue less expenses$59,297
XI-4 Net assets at start of year$1,028,045
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,087,342

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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