Erc Properties Foundation FY2024 filing

Not tax-deductible

Chicago, ILMutual-benefit / member-servingSince 2000Community Development EIN 36-4390321Revenue $704K in FY2024Latest return filed May 12, 2026

On file with the IRSChicago, ILTax-exempt since Jul 2001

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To own and operate property in support of not for profit entities, specifically rincon family services f/k/a el rincon community clinic a related affiliate.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4390321) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list 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 $103K a year · 17% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
0.4 mo
of spending, in cash
0.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.6M
67% of total assets
Liabilities are 67% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$704K
-0.3% vs prior year
Spent
$552K
To programs
100%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$704K
FY2024-0.3%
Tap a bar for its year
Revenue by fiscal year
FY2020$481K
FY2021$474K
FY2022$594K
FY2023$707K
FY2024$704K
FY2025$784K
Expenses
$552K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$451K
FY2021$512K
FY2022$467K
FY2023$535K
FY2024$552K
FY2025$608K
Net assets
$1.3M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$745K
FY2021$817K
FY2022$963K
FY2023$1.1M
FY2024$1.3M
FY2025$1.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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 Jul 2001.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $552K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Erc Properties Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Owns and operates property to support Rincon Family Services.

Questions for Erc Properties Foundation

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1 program · $552K · in their own filed words · FY2023
01

To maintain and upkeep buildings that house rincon family services F/K/A el rincon community clinic a 501 (c)(3) organization.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4390321) · Dispute this line
$552Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$704K
Ln 12
Fees for servicesLn 2g$704K
Money outPt IX
$552K
Ln 25
Programscol B$552K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$3.9M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$704K
Total revenueLn 12$704K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Accounts receivableLn 4$861K
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$16K
Total assetsLn 16$3.9M
LiabilitiesLn 26$2.6M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$39K$18K
Land, buildings, equipmentLn 10c$3.1M$3.0M
Total assetsLn 16$3.7M$3.9M
LiabilitiesLn 26$2.6M$2.6M
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$171K$171K
InterestLn 20$86K$86K
Depreciation, depletion and amortizationLn 22$140K$140K
Other expenses (24a–d)Ln 24$155K$155K
Total functional expensesLn 25$552K$552K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 12, 2026 $784K$608K$176K$1.5M 990 PDF
FY2024 ViewingFiled with the IRS May 7, 2025 $704K$552K$152K$1.3M 990 PDF
FY2023Filed with the IRS May 9, 2024 $707K$535K$171K$1.1M 990 PDF
FY2022Filed with the IRS May 9, 2023 $594K$467K$127K$963K 990 PDF
FY2021Filed with the IRS May 6, 2022 $474K$512K−$37K$817K 990 PDF
FY2020Filed with the IRS May 7, 2021 $481K$451K$29K$745K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $704,480 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $706,672$704,480
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $706,672$704,480
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 $535,448$552,302
I-18 Total expensesPrior year $535,448$552,302
I-19 Revenue less expensesPrior year $171,224$152,178
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $704,480 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $704,480$704,480
VIII-12 Total revenueExcluded from tax $704,480$704,480
Part IX · Statement of functional expenses $552,302 across 4 lines filed
IX-16 OccupancyPrograms $170,508$170,508
IX-20 InterestPrograms $86,139$86,139
IX-22 Depreciation, depletion and amortizationPrograms $140,354$140,354
IX-24 Other expenses (24a–d)Programs $155,301$155,301
IX-25 Total functional expensesPrograms $552,302 · Management $0 · Fundraising $0$552,302
Part X · Balance sheet $3,865,103 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $39,346$17,917
X-4 Accounts receivableStart of year $547,465$860,884
X-10c Land, buildings and equipment, netStart of year $3,111,122$2,970,768
X-15 Other assetsStart of year $10,534$15,534
X-16 Total assetsStart of year $3,715,777$3,865,103
X-17 Accounts payable and accrued expensesStart of year $36,210$16,849
X-24 Unsecured notes and loans payableStart of year $1,514,433$1,409,072
X-25 Other liabilitiesStart of year $1,027,061$1,144,478
X-26 Total liabilitiesStart of year $2,577,704$2,570,399
X-27 Net assets without donor restrictionsStart of year $1,138,073$1,294,704
X-32 Total net assets or fund balancesStart of year $1,138,073$1,294,704
X-33 Total liabilities and net assetsStart of year $3,715,777$3,865,103
Part XI · Reconciliation of net assets $1,294,704 net assets at year end
XI-1 Total revenue$704,480
XI-2 Total expenses$552,302
XI-3 Revenue less expenses$152,178
XI-4 Net assets at start of year$1,138,073
XI-8 Prior period adjustments$4,452
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$1,294,704

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

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