Liberty Commons Nfp FY2021 filing

Not tax-deductible

Oak Brook, ILMutual-benefit / member-servingHuman ServicesEIN 83-4257142Revenue $2.5M in FY2021

On file with the IRS2715 Jorie Blvd Ste 200, 60523-9703 · Oak Brook, ILTax-exempt since Oct 2019

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
6 of 6
filings with a surplus
Average surplus $1.8M a year · 54% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$433K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
-0.5% vs prior year
Spent
$2.0M
Net assets
$8.5M
By yearFY2020–FY2025
Revenue
$2.5M
FY2021▼ -0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.5M
FY2022$10.8M
FY2023$1.5M
FY2024$1.5M
FY2025$1.6M
Expenses
$2.0M
FY2021▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2022$1.9M
FY2023$1.2M
FY2024$1.2M
FY2025$1.2M
Net assets
$8.5M
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.9M
FY2021$8.5M
FY2022$16.8M
FY2023$6.7M
FY2024$6.7M
FY2025$6.8M

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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 Oct 2019.

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

Who runs it and what they're paid

38 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Former Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 15aNo

Programs and updates

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1 program · in their own filed words · FY2020
01

Amounts paid by tenants for providing goods, services, or facilities in furtherance of the purpose constituting the basis for the exemption of the organization.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$17K
Other incomeLn 4–11$26
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$8.5M
net assets · Ln 32
Cash and savingsLn 1–2$742K
Total assetsLn 16$8.9M
LiabilitiesLn 26$433K
PeoplePt VI, VII
38
listed · VII A
PaidVII A0
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$17K
Other incomeLn 4–11$26
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$742K
Cash and savings togetherLn 1–2$742K
InvestmentsLn 11–13$403K
Land, buildings, equipmentLn 10c$7.7M
Total assetsLn 16$8.9M
LiabilitiesLn 26$433K
Net assetsLn 32$8.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.7M$742K
InvestmentsLn 11–13$287K$403K
Land, buildings, equipmentLn 10c$8.0M$7.7M
Total assetsLn 16$10.1M$8.9M
LiabilitiesLn 26$233K$433K
Net assetsLn 32$9.9M$8.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K
Management feesLn 11a$188K
Accounting feesLn 11c$16K
Other fees for servicesLn 11g$4K
Depreciation, depletion and amortizationLn 22$551K
InsuranceLn 23$63K
Other expenses (24a–d)Ln 24$828K
All other expensesLn 24e$212K
Total functional expensesLn 25$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$1.2M$370K$6.8M 990 PDF
FY2024 $1.5M$1.2M$348K$6.7M 990 PDF
FY2023 $1.5M$1.2M$324K$6.7M 990 PDF
FY2022 $10.8M$1.9M$8.8M$16.8M 990 PDF
FY2021 Viewing $2.5M$2.0M$551K$8.5M 990 PDF
FY2020 $2.5M$2.0M$504K$9.9M 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 FY2021 990 (6 parts)
Part I · Summary $2,517,449 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,524,835$2,500,277
I-10 Investment incomePrior year $6,101$17,146
I-11 Other revenuePrior year $276$26
I-12 Total revenuePrior year $2,531,212$2,517,449
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 $104,783$105,371
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,922,840$1,861,419
I-18 Total expensesPrior year $2,027,623$1,966,790
I-19 Revenue less expensesPrior year $503,589$550,659
Part VI · Governance 30 of 30 board members independent, 4 to look at
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,517,449 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,500,277$2,500,277
VIII-3 Investment incomeExcluded from tax $17,146$17,146
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26$26
VIII-12 Total revenueRelated to mission $2,500,303 · Unrelated business $0 · Excluded from tax $17,146$2,517,449
Part IX · Statement of functional expenses $1,966,790 across 8 lines filed
IX-7 Other salaries and wages$105,371
IX-11a Management fees$188,110
IX-11c Accounting fees$15,750
IX-11g Other fees for services$4,000
IX-22 Depreciation, depletion and amortization$551,085
IX-23 Insurance$63,349
IX-24 Other expenses (24a–d)$827,516
IX-24e All other expenses$211,609
IX-25 Total functional expenses$1,966,790
Part X · Balance sheet $8,949,249 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,709,834$741,738
X-4 Accounts receivableStart of year $410$0
X-9 Prepaid expenses and deferred chargesStart of year $84,765$106,844
X-10c Land, buildings and equipment, netStart of year $8,030,953$7,697,777
X-12 Other securitiesStart of year $286,644$402,890
X-16 Total assetsStart of year $10,112,606$8,949,249
X-17 Accounts payable and accrued expensesStart of year $13,591$22,507
X-25 Other liabilitiesStart of year $219,610$410,868
X-26 Total liabilitiesStart of year $233,201$433,375
X-32 Total net assets or fund balancesStart of year $9,879,405$8,515,874
X-33 Total liabilities and net assetsStart of year $10,112,606$8,949,249
Part XI · Reconciliation of net assets $8,515,874 net assets at year end
XI-1 Total revenue$2,517,449
XI-2 Total expenses$1,966,790
XI-3 Revenue less expenses$550,659
XI-4 Net assets at start of year$9,879,405
XI-5 Net unrealized gains (losses) on investments−$1,900
XI-9 Other changes in net assets−$1,912,290
XI-10 Net assets at end of year$8,515,874

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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