Jfmc Facilities Corporation FY2020 filing

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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.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3368912) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$694K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$694K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
0.4 mo
of spending, in cash
Plus $9.5M in investments, Pt X · Ln 11–13
0.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3.0M
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$150.1M
111% of total assets
Liabilities are 111% of assets.
Pt X · Ln 26
Independent board members
3
of 4 voting members
3 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$26.7M
Spent
$25.1M
To programs
90%
Net assets
−$15.4M
By yearFY2020–FY2025
Revenue
$26.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$26.7M
FY2021$40.3M
FY2022$53.9M
FY2023$34.3M
FY2024$29.6M
FY2025$22.2M
Expenses
$25.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$25.1M
FY2021$25.3M
FY2022$28.1M
FY2023$24.4M
FY2024$24.2M
FY2025$22.3M
Net assets
−$15.4M
FY2020
Tap a bar for its year
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 FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 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% · $22.6M Management & general 10% · $2.6M

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

14 people listed on the 990; $694K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Asst Secy & Executive Director
$179,995Pt VII · Sec A
Counselor to Pres., Former Officer
$172,101Pt VII · Sec A
Assistant Executive Director
$156,276Pt VII · Sec A
Assistant Secretary & CFO
$61,053Pt VII · Sec A
Executive Vice Chairman
$37,779Pt VII · Sec A
Asst Secretary & VP of Accounting
$33,691Pt VII · Sec A
Vice President of Human Resources
$25,712Pt VII · Sec A
Assistant Secretary and Controller
$17,831Pt 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$173,310$167,024$162,184$156,276
Jerry Deangelis——$203,170$194,127$190,870$179,995
Jerry Deangelis - Ended 723—$188,622————
Michael Tarnoff—————$172,101
Jeffrey Edgar$124,281$108,200————
Boaz Blumovitz$65,691$64,442$62,966$61,141$58,956$61,053
Lonnie Nasatir$59,125$51,642$47,107$45,012$44,505$6,234
James a Pinkston$38,573$38,067$37,630$36,654$35,513$33,691

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 Jfmc Facilities Corporation executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • 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.

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1 program · $22.6M · in their own filed words · FY2019
01

The sole and exclusive program of FacCorp is to own, operate and manage facilities and properties (36 locations) for the Jewish Federation of Metropolitan Chicago and its affiliate and beneficiary agencies.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3368912) · Dispute this line
$22.6Mprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$26.7M
Ln 12
Fees for servicesLn 2g$21.7M
Gifts and grantsLn 1h$4.3M
Investment incomeLn 3$741K
Money outPt IX
$25.1M
Ln 25
Programscol B$22.6M
Managementcol C$2.6M
Owns and owesPt X
−$15.4M
net assets · Ln 32
Cash and savingsLn 1–2$912K
Total assetsLn 16$134.7M
LiabilitiesLn 26$150.1M
PeoplePt VI, VII
14
listed · VII A
PaidVII A10
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Noncash giftsLn 1g$125K
Fees for servicesLn 2g$21.7M
Investment incomeLn 3$741K
Gains on assetsLn 7$642K
Total revenueLn 12$26.7M
Assets in detailPt X, end of year
CashLn 1$912K
Cash and savings togetherLn 1–2$912K
Accounts receivableLn 4$726K
Notes and loans receivableLn 7$15.0M
Prepaid expenses and deferred chargesLn 9$4.6M
Land, buildings, equipmentLn 10c$103.2M
InvestmentsLn 11–13$9.5M
Other assetsLn 15$673K
Total assetsLn 16$134.7M
LiabilitiesLn 26$150.1M
Net assetsLn 32−$15.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$84.2M
Bond issues listedSch K Pt I4
Raised by those issuesSch K Pt I$142.7M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$125K
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$572K$589K$614K$616K$611K
SpentLn 1d–1f$36K$39K$43K$45K$50K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$438K$912K
InvestmentsLn 11–13$8.9M$9.5M
Land, buildings, equipmentLn 10c$108.0M$103.2M
Total assetsLn 16$136.0M$134.7M
LiabilitiesLn 26$151.0M$150.1M
Net assetsLn 32−$15.0M−$15.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K$36K
Pay of officers and key staff (Part IX, line 5)Ln 5$309K$231K$78K
Other salaries and wagesLn 7$4.0M$3.0M$1.0M
Other employee benefitsLn 9$583K$434K$149K
Payroll taxesLn 10$389K$289K$99K
Legal feesLn 11b$13K$11K$2K
Accounting feesLn 11c$224K$224K
Other fees for servicesLn 11g$71K$69K$1K
Office expensesLn 13$13K$11K$3K
Information technologyLn 14$254K$213K$40K
OccupancyLn 16$3.8M$3.8M
TravelLn 17$178K$156K$22K
Conferences, conventions and meetingsLn 19$8K$2K$5K
InterestLn 20$4.5M$3.6M$867K
Depreciation, depletion and amortizationLn 22$5.1M$5.1M$5K
InsuranceLn 23$133K$123K$9K
Other expenses (24a–d)Ln 24$5.5M$5.5M
All other expensesLn 24e$54K$23K$31K
Total functional expensesLn 25$25.1M$22.6M$2.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 2, 2026 $22.2M$22.3M−$33K$43.1M 990 PDF
FY2024Filed with the IRS Apr 22, 2025 $29.6M$24.2M$5.4M$43.1M 990 PDF
FY2023Filed with the IRS Apr 17, 2024 $34.3M$24.4M$9.9M$37.8M 990 PDF
FY2022Filed with the IRS May 2, 2023 $53.9M$28.1M$25.8M$28.9M 990 PDF
FY2021Filed with the IRS Apr 26, 2022 $40.3M$25.3M$15.0M$2.0M 990 PDF
FY2020 ViewingFiled with the IRS Apr 29, 2021 $26.7M$25.1M$1.5M−$15.4M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations
See the full FY2020 990
Part I · Summary $26,679,922 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,833,419$4,269,308
I-9 Program service revenuePrior year $22,820,781$21,669,892
I-10 Investment incomePrior year $115,466$740,722
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $33,769,666$26,679,922
I-13 Grants and similar amounts paidPrior year $524,880$35,795
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,892,788$5,318,390
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $21,827,487$19,793,503
I-18 Total expensesPrior year $28,245,155$25,147,688
I-19 Revenue less expensesPrior year $5,524,511$1,532,234
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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 $26,679,922 across 8 lines filed
VIII-1d Related organizations$4,144,138
VIII-1f All other contributions, gifts and grants$125,170
VIII-1g Noncash contributions (included above)$125,170
VIII-1h Total contributions, gifts and grants$4,269,308
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,669,892$21,669,892
VIII-3 Investment incomeExcluded from tax $98,318$98,318
VIII-7 Net gain or loss on sales of assetsExcluded from tax $642,404$642,404
VIII-12 Total revenueRelated to mission $21,669,892 · Unrelated business $0 · Excluded from tax $740,722$26,679,922
Part IX · Statement of functional expenses $25,147,688 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $35,795$35,795
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $230,766 · Management $78,301$309,067
IX-7 Other salaries and wagesPrograms $3,014,358 · Management $1,022,804$4,037,162
IX-9 Other employee benefitsPrograms $434,134 · Management $149,162$583,296
IX-10 Payroll taxesPrograms $289,423 · Management $99,442$388,865
IX-11b Legal feesPrograms $10,695 · Management $2,479$13,174
IX-11c Accounting feesManagement $224,024$224,024
IX-11g Other fees for servicesPrograms $69,389 · Management $1,363$70,752
IX-13 Office expensesPrograms $10,516 · Management $2,626$13,142
IX-14 Information technologyPrograms $213,325 · Management $40,467$253,792
IX-16 OccupancyPrograms $3,810,415$3,810,415
IX-17 TravelPrograms $156,131 · Management $21,626$177,757
IX-19 Conferences, conventions and meetingsPrograms $2,345 · Management $5,398$7,743
IX-20 InterestPrograms $3,586,608 · Management $867,125$4,453,733
IX-22 Depreciation, depletion and amortizationPrograms $5,058,905 · Management $4,927$5,063,832
IX-23 InsurancePrograms $123,438 · Management $9,248$132,686
IX-24 Other expenses (24a–d)Programs $5,518,321$5,518,321
IX-24e All other expensesPrograms $23,321 · Management $30,811$54,132
IX-25 Total functional expensesPrograms $22,587,885 · Management $2,559,803 · Fundraising $0$25,147,688
Part X · Balance sheet $134,691,031 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $438,072$911,901
X-4 Accounts receivableStart of year $1,006,230$725,914
X-7 Notes and loans receivableStart of year $15,123,884$14,951,373
X-9 Prepaid expenses and deferred chargesStart of year $1,694,167$4,641,491
X-10c Land, buildings and equipment, netStart of year $108,043,843$103,244,798
X-12 Other securitiesStart of year $8,853,574$9,542,318
X-15 Other assetsStart of year $862,765$673,236
X-16 Total assetsStart of year $136,022,535$134,691,031
X-17 Accounts payable and accrued expensesStart of year $1,172,953$2,693,518
X-19 Deferred revenueStart of year $271,240$2,505,390
X-20 Tax-exempt bond liabilitiesStart of year $88,349,604$84,187,672
X-23 Secured mortgages and notes payableStart of year $1,589,602$1,540,045
X-24 Unsecured notes and loans payableStart of year $26,276,992$25,461,224
X-25 Other liabilitiesStart of year $33,323,006$33,727,089
X-26 Total liabilitiesStart of year $150,983,397$150,114,938
X-27 Net assets without donor restrictionsStart of year −$14,960,862−$15,423,907
X-32 Total net assets or fund balancesStart of year −$14,960,862−$15,423,907
X-33 Total liabilities and net assetsStart of year $136,022,535$134,691,031
Part XI · Reconciliation of net assets −$15,423,907 net assets at year end
XI-1 Total revenue$26,679,922
XI-2 Total expenses$25,147,688
XI-3 Revenue less expenses$1,532,234
XI-4 Net assets at start of year−$14,960,862
XI-5 Net unrealized gains (losses) on investments−$4,941
XI-9 Other changes in net assets−$1,990,338
XI-10 Net assets at end of year−$15,423,907

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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