William Green Homes Residential Management Corporation in Chicago, Illinois (IL)

Table of contents:

William Green Homes Residential Management Corporation
Employer Identification Number (EIN)	363865734
Name of Organization	William Green Homes Residential Management Corporation
Address	1230 N Larrabee St Apt 104, Chicago, IL 60610-1741
Activities	Low income housing
Subsection	Charitable Organization
Ruling Date	07/1993
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2002
Assets	$100,000 to $499,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$279,680
Amount of Income	$3,355,859
Form 990 Revenue Amount	$3,355,859
National Taxonomy of Exempt Entities (NTEE)	Housing, Shelter: Housing Development, Construction, Management

Non-representatives - add comments:

Amount of income in 2002: $3,355,859

This organization:	$3,355,859
Other organizations performing similar types of work:	$326,032

Assets in 2002: $279,680

This organization:	$279,680
Other organizations performing similar types of work:	$1,146,923

Expenses in 2002: $3,010,644

This organization:	$3,010,644
Other organizations performing similar types of work:	$1,070,238

Income to expenses ratio in 2002: 1.1

This organization:	1.1
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2002: 82.0%

William Green Homes Residential Management Corporation:	82.0%
Other organizations performing similar types of work:	85.5%

Number of employees in 2002: 350

This organization:	350
Other organizations performing similar types of work:	12

Employees paid over $50,000 in 2002: 1.1%

This organization:	1.1%
Other organizations performing similar types of work:	5.3%

Grants share in income in 2002: 0.0%

William Green Homes Residential Management Corporation:	0.0%
Other organizations performing similar types of work:	39.9%

Financial snapshot ($)

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

	2001	2002
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$2,713,313	$3,355,859
Contributions, gifts, grants, and similar amounts received	$0	$0
Contributions to donor advised funds
Direct public support	$0	$0
Indirect public support	$0	$0
Government contributions (grants)	$0	$0
Program service revenue including government fees and contracts	$2,713,276	$3,355,859
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$37	$0
Dividends and interest from securities	$0	$0
Net rental income or (loss)	$0	$0
Gross rents	$0	$0
Less: rental expenses	$0	$0
Other investment income	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0
Gross amount from sales of assets other than inventory	$0	$0
Less: cost or other basis and sales expenses	$0	$0
Net income or (loss) from special events and activities	$0	$0
Gross revenue	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0
Less: cost of goods sold	$0	$0
Other revenue	$0	$0
Total expenses	$2,881,096	$3,010,644
Program services	$2,317,702	$2,468,856
Management and general	$563,394	$541,788
Fundraising	$0	$0
Payments to affiliates	$0	$0
Net assets or fund balances at end of year	$-6,800	$10,780
Excess or (deficit) for the year	$-167,783	$345,215
Net assets or fund balances at beginning of year	$-27,414	$-6,800
Other changes in net assets or fund balances	$188,397	$-327,635

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2002)
Total functional expenses	$3,010,644	$2,468,856	$541,788	$0
Grants paid from donor advised funds
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$820,477	$658,006	$162,471	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$216,070	$216,070	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$25,000	$0	$25,000	$0
Legal fees	$36,183	$36,183	$0	$0
Supplies	$4,107	$0	$4,107	$0
Telephone	$13,372	$0	$13,372	$0
Postage and shipping	$10,360	$0	$10,360	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$11,977	$0	$11,977	$0
Printing and publications	$496	$0	$496	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$15,710	$15,710	$0	$0
Other expenses not covered above	$1,856,892	$1,542,887	$314,005	$0

	2001	2002
Balance Sheets
Total assets	$203,059	$279,680
Cash - non-interest-bearing	$36,415	$41,256
Savings and temporary cash investments	$0	$0
Accounts receivable less allowance for doubtful accounts	$0	$84,028
Pledges receivable less allowance for doubtful accounts	$0	$0
Grants receivable	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$0	$0
Inventories for sale or use	$11,302	$6,532
Prepaid expenses and deferred charges	$0	$0
Investments - publicly-traded securities
Investments - other securities	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$155,342	$147,864
Investments - other	$0	$0
Land, buildings, and equipment less accumulated depreciation	$0	$0
Other assets, including program-related investments	$0	$0
Total liabilities	$209,859	$268,900
Accounts payable and accrued expenses	$209,859	$257,166
Grants payable	$0	$0
Deferred revenue	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0
Tax-exempt bond liabilities	$0	$0
Mortgages and other notes payable	$0	$0
Other liabilities	$0	$11,734
Total liabilities and net assets/fund balances	$203,059	$279,680
Total net assets or fund balances	$-6,800	$10,780

	2001	2002
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$2,713,313	$3,355,859
Total revenue, gains, and other support per audited financial statements	$2,713,313	$3,355,859
Other expenses	$0	$0
Net unrealized gains on investments	$0	$0
Donated services and use of facilities	$0	$0
Recoveries of prior year grants	$0	$0
Other	$0	$0
Other revenue	$0	$0
Investment expenses	$0	$0
Other	$0	$0

	2001	2002
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$2,881,096	$3,010,644
Total expenses and losses per audited financial statements	$2,881,096	$3,010,644
Other revenue	$0	$0
Donated services and use of facilities	$0	$0
Prior year adjustments	$0	$0
Losses	$0	$0
Other	$0	$0
Other expenses	$0	$0
Investment expenses	$0	$0
Other	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	350

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2002)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$0	$3,355,859
Program service revenue
Program service revenue 1	000000	$0	00	$0	$2,479,323
Program service revenue 2	000000	$0	00	$0	$260,596
Program service revenue 3	000000	$0	00	$0	$615,940
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
$51,692	$0	$0
$54,240	$0	$0
$66,923	$0	$0
$55,665	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that receives a substantial part of its support from a governmental unit or from the general public

	2000	2001
Support Schedule
Total	$4,576,255	$2,713,313
Gifts, grants, and contributions received	$3,751,506	$2,135,853
Membership fees received	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$824,749	$577,460
Net income from unrelated business activities not included above	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0
Other income	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Jefferson County Assisted Housing Corp	500 Office Park Dr Ste 300, Mountain Brk, AL 35223-2436	AL	1990-02	$434,960,416
2	Presbyterian College	PO BOX 975, Clinton, SC 29325-0975	SC	1944-01	$93,939,480
3	Alternative Community Living Inc, New Passages Behavioral Health Reha	PO BOX 890, Grand Rapids, MI 49518-0890	MI	1987-04	$23,071,987
4	Ahc Inc	2230 Fairfax Dr Apt 300, Arlington, VA 22201-6618	VA	1976-08	$18,735,375
5	West Side Federation For Senior Housing Inc	2345 Broadway, New York, NY 10024-3213	NY	1978-03	$18,602,729
6	Self Help Enterprises	PO BOX 351, Visalia, CA 93279-0351	CA	1965-04	$14,545,219
7	Comunidad Corporation	17194 Preston Rd Ste 102-39, Dallas, TX 75248-1221	TX	1995-09	$10,213,405
8	Foundation Communities Inc	3036 S 1st Street 200, Austin, TX 78704-6352	TX	1990-05	$9,991,987
9	William Green Homes Residential Management Corporation	1230 N Larrabee St Apt 104, Chicago, IL 60610-1741	IL	1993-07	$3,355,859
10	Housing Opportunity Development Corporation	PO BOX 480, Techny, IL 60082-0480	IL	1984-10	$628,277
11	Resurrection Project	1818 S Paulina St, Chicago, IL 60608-2719	IL	1988-08	$13,395,495
12	European American Association, C-O John Herman	2827 W Division St, Chicago, IL 60622-2703	IL	1992-04	$10,637,503
13	Lake View Towers Residents Association Inc	5000 N Elston Ave 200, Chicago, IL 60630-1738	IL	1995-11	$8,480,917
14	Community Housing Association Of Dupage	531 E Roosevelt Rd, Wheaton, IL 60187-5583	IL	1984-12	$5,998,676
15	Interfaith Housing Development Corporation Of Chicago	219 W Chicago Ave Ste 400, Chicago, IL 60654-7349	IL	1997-09	$4,660,340
16	Habitat For Humanity International Inc, Northern Fox Valley	20 S Grove St Ste 201, Carpentersvle, IL 60110-2642	IL	1987-01	$2,885,865
17	Habitat For Humanity International Inc, Lake County Illinois	315 N Martin Luther King Jr Ave, Waukegan, IL 60085-4207	IL	1987-01	$2,282,851
18	Habitat For Humanity International, Chicago South Suburbs Hfh	139 W Joe Orr Rd, Chicago Hts, IL 60411-1733	IL	1987-01	$1,887,133
19	Northwest Towers Residents Assoc	333 N Michigan Ave Ste 1700, Chicago, IL 60601-3981	IL	1996-07	$1,690,072
20	Habitat For Humanity International Inc, Champaign County Hfh Of	119 E University Ave, Champaign, IL 61820-4110	IL	1987-01	$1,415,738
21	Matthew Senior Housing Corporation	721 N La Salle St 5th Floor, Chicago, IL 60654-3503	IL	1993-05	$1,296,370
22	Matthew House	3722 S Indiana Ave # 28, Chicago, IL 60653-1603	IL	1992-11	$1,004,833
23	Lewistown Area Community Development, Spoon River Towers	401 N Illinois Street, Lewistown, IL 61542-1120	IL	1951-07	$896,265
24	Chicago Rehabilitation Network	53 W Jackson Blvd Ste 739, Chicago, IL 60604-3800	IL	1977-10	$819,693
25	Frances Senior Housing Corporation	721 N La Salle St 5th Floor, Chicago, IL 60654-3503	IL	1993-05	$770,112
26	Diversey Neighborhood Development Corp	208 South Lasalle Street No 1818, Chicago, IL 60604	IL	1997-09	$717,892
27	Habitat For Humanity Internatinal Inc, Will County	200 S Larkin Ave, Joliet, IL 60436-1248	IL	1987-01	$694,465
28	Habitat For Humanity International Inc, Windy City	2201 S Halsted St, Chicago, IL 60608-4585	IL	1987-01	$674,162
29	Bethel Area Housing South, Lifelink	1900 Spring Rd Ste 300, Oak Brook, IL 60523-1480	IL	1995-09	$673,481
30	Rebuilding Together Metro Chicago	35 W Wacker Dr Fl 12, Chicago, IL 60601-1636	IL	1992-12	$638,484

Number of organizations performing similar types of work

Alaska	3
Alabama	26
Arkansas	25
Arizona	22
California	196
Colorado	35
Connecticut	24
District of Columbia	19
Delaware	4
Florida	83
Georgia	44
Hawaii	12
Iowa	16
Idaho	3
Illinois	81
Indiana	43
Kansas	14
Kentucky	57
Louisiana	26
Massachusetts	81
Maryland	44
Maine	14
Michigan	71
Minnesota	47
Missouri	35
Mississippi	13

Montana	4
North Carolina	86
North Dakota	3
Nebraska	26
New Hampshire	10
New Jersey	59
New Mexico	9
Nevada	3
New York	184
Ohio	113
Oklahoma	15
Oregon	11
Pennsylvania	106
Rhode Island	14
South Carolina	36
South Dakota	11
Tennessee	37
Texas	112
Utah	6
Virginia	47
Vermont	10
Washington	28
Wisconsin	42
West Virginia	10
Wyoming	3
International	6

Total

2,029

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Tax-Exempt Organizations

William Green Homes Residential Management Corporation in Chicago, Illinois (IL)

Non-representatives - add comments: