Sdco 5200 Patrick Henry Dr FY2020 filing

Chicago, ILUnknown exempt organizationEIN 47-1261062Revenue $1.5M in FY2020

On file with the IRS222 South Riverside Plaza 34th Flr · Chicago, IL

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Title Holding Corporation For Real Property

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $4.9M a year · 85% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.4M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.3M
To programs
0%
Net assets
$18.1M
By yearFY2020–FY2022
Revenue
$1.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$15.6M
FY2022$80K
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.1M
FY2022$20K
Net assets
$18.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$18.1M
FY2021$751K
FY2022$0

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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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

Helps individuals and families secure and maintain ownership of their homes.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Title Holding Corporation for Real Property

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Money outPt IX
$1.3M
Ln 25
Owns and owesPt X
$18.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$29.5M
LiabilitiesLn 26$11.4M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$27.8M
Other assetsLn 15$13K
Total assetsLn 16$29.5M
LiabilitiesLn 26$11.4M
Net assetsLn 32$18.1M
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$1.1M$1.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$30.6M$27.8M
Total assetsLn 16$32.0M$29.5M
LiabilitiesLn 26$11.5M$11.4M
Net assetsLn 32$20.5M$18.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$255K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$475K
InsuranceLn 23$52K
Other expenses (24a–d)Ln 24$506K
All other expensesLn 24e$51K
Total functional expensesLn 25$1.3M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $80K$20K$60K$0 990 PDF
FY2021 $15.6M$1.1M$14.5M$751K 990 PDF
FY2020 Viewing $1.5M$1.3M$119K$18.1M 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 FY2020 990 (6 parts)
Part I · Summary $1,458,135 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,421,764$1,458,135
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,421,764$1,458,135
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 $794,914$1,339,124
I-18 Total expensesPrior year $794,914$1,339,124
I-19 Revenue less expensesPrior year $1,626,850$119,011
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $1,458,135 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,458,135$1,458,135
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,458,135$1,458,135
Part IX · Statement of functional expenses $1,339,124 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$254,768
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$474,677
IX-23 Insurance$52,282
IX-24 Other expenses (24a–d)$505,966
IX-24e All other expenses$51,431
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,339,124
Part X · Balance sheet $29,507,986 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,145,656$1,654,791
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $195,778$58,116
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,713$3,836
X-10c Land, buildings and equipment, netStart of year $30,600,000$27,777,912
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $32,004$13,331
X-16 Total assetsStart of year $31,976,151$29,507,986
X-17 Accounts payable and accrued expensesStart of year $71,284$124,183
X-25 Other liabilitiesStart of year $268,721$252,336
X-26 Total liabilitiesStart of year $11,515,398$11,376,519
X-32 Total net assets or fund balancesStart of year $20,460,753$18,131,467
X-33 Total liabilities and net assetsStart of year $31,976,151$29,507,986
Part XI · Reconciliation of net assets $18,131,467 net assets at year end
XI-1 Total revenue$1,458,135
XI-2 Total expenses$1,339,124
XI-3 Revenue less expenses$119,011
XI-4 Net assets at start of year$20,460,753
XI-5 Net unrealized gains (losses) on investments−$2,922,974
XI-9 Other changes in net assets$474,677
XI-10 Net assets at end of year$18,131,467

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

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