Jfmc Facilities Corporation

Tax-deductible

Chicago, IL501(c)(3)Since 1985Foundations & GrantmakersEIN 36-3368912

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To own, operate and administer real estate properties and related activities for the benefit of the Jewish Federation of Metropolitan Chicago and its network of affiliated and beneficiary agencies.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 35 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
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 6
filings with a surplus
Average surplus $9.6M a year · 28% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$504K
to officers and key staff · 2% of spending
Top officer’s pay lower than 59% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$80.5M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.2M
-25% vs prior year
Spent
$22.3M
To programs
90%
Net assets
$43.1M
By yearFY2020–FY2025
Revenue
$22.2M
FY2025▼ -25%
Revenue by fiscal year
FY2020$26.7M
FY2021$40.3M
FY2022$53.9M
FY2023$34.3M
FY2024$29.6M
FY2025$22.2M
Expenses
$22.3M
FY2025▼ -8%
Expenses by fiscal year
FY2020$25.1M
FY2021$25.3M
FY2022$28.1M
FY2023$24.4M
FY2024$24.2M
FY2025$22.3M
Net assets
$43.1M
FY2025-0.1%
Net assets by fiscal year
FY2020−$15.4M
FY2021$2.0M
FY2022$28.9M
FY2023$37.8M
FY2024$43.1M
FY2025$43.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1985.

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% · $20.1M Management & general 10% · $2.1M

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

13 people listed on the 990; $504K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Asst. Secretary & Executive Director
$216,462Pt VII · Sec A
Asst. Executive Director, Operations
$124,281Pt VII · Sec A
Asst. Secretary & CFO
$65,691Pt VII · Sec A
President/CEO
$59,125Pt VII · Sec A
Asst. Secretary & VP Accounting
$38,573Pt VII · Sec A
Asst. Secretary/Asst. Treasurer
$0Pt VII · Sec A
Asst. Secretary & Controller
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A

Fernando D Gertzenstein’s $216K as Asst. Secretary & Executive Director is at the 41st percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Fernando D Gertzenstein$216,462$183,737————
Jerry Deangelis——$203,170$194,127$190,870$179,995
Jerry Deangelis - Ended 723—$188,622————
Fernando D Gertzenstein——$173,310$167,024$162,184$156,276
Michael Tarnoff—————$172,101
Jeffrey Edgar$124,281$108,200————
Boaz Blumovitz$65,691$64,442————
Boaz Blumovitz——$62,966$61,141$58,956$61,053

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.

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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

Manages and operates real estate for Jewish Federation agencies and their programs.

Provided by the organization

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1 program service account for $20.1M of program spending, described in the organization's own filed words · FY2024.
01

The sole and exclusive program of faccorp is to own, operate and manage facilities and properties (35 locations) for the jewish federation of metropolitan chicago and its affiliate and beneficiary agencies.

$20.1Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$3.0M
Grants paid · 7 grants · $341K · 2019–2024
Council for Jewish ElderlyFY2024$24,181
Council for Jewish ElderlyFY2023$23,969
Council for Jewish ElderlyIL · FY2022$24,031
Council for Jewish ElderlyIL · FY2021$27,767
Council for Jewish ElderlyIL · FY2020$31,869
Council for Jewish ElderlyIL · FY2019$35,795

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$22.2M
Ln 12
Fees for servicesLn 2g$18.1M
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$85K
Money outPt IX
$22.3M
Ln 25
Programscol B$20.1M
Managementcol C$2.1M
Owns and owesPt X
$43.1M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$123.6M
LiabilitiesLn 26$80.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Government grantsLn 1e$273K
Fees for servicesLn 2g$18.1M
Investment incomeLn 3$85K
Gains on assetsLn 7$80K
Total revenueLn 12$22.2M
Assets in detailPt X, end of year
CashLn 1$403K
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$102.5M
Other assetsLn 15$1.4M
Total assetsLn 16$123.6M
LiabilitiesLn 26$80.5M
Net assetsLn 32$43.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
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 FY25End FY25
Cash and savingsLn 1–2$5.0M$4.6M
InvestmentsLn 11–13$2.1M$2.2M
Land, buildings, equipmentLn 10c$105.5M$102.5M
Total assetsLn 16$128.0M$123.6M
LiabilitiesLn 26$84.9M$80.5M
Net assetsLn 32$43.1M$43.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$24K$24K
Pay of current officers, directors and key staffLn 5$522K$429K$93K
Other salaries and wagesLn 7$4.7M$3.8M$828K
Other employee benefitsLn 9$713K$586K$127K
Payroll taxesLn 10$475K$390K$85K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$223K$223K
Other fees for servicesLn 11g$58K$46K$12K$0
Office expensesLn 13$8K$6K$2K
Information technologyLn 14$116K$100K$16K
OccupancyLn 16$2.4M$2.4M
TravelLn 17$110K$94K$17K
Conferences, conventions and meetingsLn 19$428$428
InterestLn 20$2.2M$1.6M$624K
Depreciation, depletion and amortizationLn 22$5.5M$5.5M
InsuranceLn 23$228K$213K$15K
Other expenses (24a–d)Ln 24$4.8M$4.8M
All other expensesLn 24e$158K$93K$66K$0
Total functional expensesLn 25$22.3M$20.1M$2.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $22.2M$22.3M−$33K$43.1M 990 PDF
FY2024 $29.6M$24.2M$5.4M$43.1M 990 PDF
FY2023 $34.3M$24.4M$9.9M$37.8M 990 PDF
FY2022 $53.9M$28.1M$25.8M$28.9M 990 PDF
FY2021 $40.3M$25.3M$15.0M$2.0M 990 PDF
FY2020 $26.7M$25.1M$1.5M−$15.4M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $22,232,129 across 8 lines filed
VIII-1d Related organizations$2,572,962
VIII-1e Government grants$272,912
VIII-1f All other contributions, gifts and grants$1,230,799
VIII-1h Total contributions, gifts and grants$4,076,673
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,030,683 · Unrelated business $40,062$18,070,745
VIII-3 Investment incomeExcluded from tax $4,699$4,699
VIII-7 Net gain or loss on sales of assetsExcluded from tax $80,012$80,012
VIII-12 Total revenueRelated to mission $18,030,683 · Unrelated business $40,062 · Excluded from tax $84,711$22,232,129
Part IX · Statement of functional expenses $22,265,174 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $24,181$24,181
IX-5 Pay of current officers, directors and key staffPrograms $429,040 · Management $92,632$521,672
IX-7 Other salaries and wagesPrograms $3,833,835 · Management $827,803$4,661,638
IX-9 Other employee benefitsPrograms $585,700 · Management $127,178$712,878
IX-10 Payroll taxesPrograms $390,466 · Management $84,785$475,251
IX-11b Legal feesManagement $10,297$10,297
IX-11c Accounting feesManagement $223,450$223,450
IX-11g Other fees for servicesPrograms $45,635 · Management $12,232 · Fundraising $0$57,867
IX-13 Office expensesPrograms $6,271 · Management $1,705$7,976
IX-14 Information technologyPrograms $99,950 · Management $15,821$115,771
IX-16 OccupancyPrograms $2,410,701$2,410,701
IX-17 TravelPrograms $93,701 · Management $16,660$110,361
IX-19 Conferences, conventions and meetingsManagement $428$428
IX-20 InterestPrograms $1,590,190 · Management $624,259$2,214,449
IX-22 Depreciation, depletion and amortizationPrograms $5,511,819$5,511,819
IX-23 InsurancePrograms $212,663 · Management $15,278$227,941
IX-24 Other expenses (24a–d)Programs $4,820,035$4,820,035
IX-24e All other expensesPrograms $92,621 · Management $65,838 · Fundraising $0$158,459
IX-25 Total functional expensesPrograms $20,146,808 · Management $2,118,366 · Fundraising $0$22,265,174
Part X · Balance sheet $123,562,465 assets, 20 lines filed
Asset lines not itemized here account for $10,454,655; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $548,535$403,120
X-2 Savings and temporary cash investmentsStart of year $4,472,885$4,205,977
X-3 Pledges and grants receivableStart of year $340,018$318,162
X-4 Accounts receivableStart of year $544,397$960,243
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,510,406$1,207,555
X-10c Land, buildings and equipment, netStart of year $105,509,580$102,451,123
X-12 Other securitiesStart of year $2,144,725$2,161,544
X-15 Other assetsStart of year $1,590,160$1,400,086
X-16 Total assetsStart of year $128,019,072$123,562,465
X-17 Accounts payable and accrued expensesStart of year $2,648,853$1,761,317
X-19 Deferred revenueStart of year $151,001$99,775
X-20 Tax-exempt bond liabilitiesStart of year $37,744,282$35,597,143
X-24 Unsecured notes and loans payableStart of year $18,235,000$17,169,701
X-25 Other liabilitiesStart of year $26,133,404$25,874,777
X-26 Total liabilitiesStart of year $84,912,540$80,502,713
X-27 Net assets without donor restrictionsStart of year $43,106,532$42,938,816
X-28 Net assets with donor restrictionsStart of year $0$120,936
X-32 Total net assets or fund balancesStart of year $43,106,532$43,059,752
X-33 Total liabilities and net assetsStart of year $128,019,072$123,562,465
Part XI · Reconciliation of net assets $43,059,752 net assets at year end
XI-1 Total revenue$22,232,129
XI-2 Total expenses$22,265,174
XI-3 Revenue less expenses−$33,045
XI-4 Net assets at start of year$43,106,532
XI-5 Net unrealized gains (losses) on investments−$36,206
XI-9 Other changes in net assets$22,471
XI-10 Net assets at end of year$43,059,752

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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