2024-08-15T13:18:53-05:00 2023-12-31 362663358 PORTE BROWN LLC 845 OAKTON STREET ELK GROVE VILLAGE IL 60007 990 2023-01-01 363873457 THE AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY AFFO 8472637478 800 S MILWAUKEE AVE 201 LIBERTYVILLE IL 60048 BRADLEY DENNISON PRESIDENT 8472637478 2024-08-14 1 0 GENEVRA KNIGHT P00363276 8479561040 2023 2024-08-08 14:25:15Z BRADLEY DENNISON 800 S MILWAUKEE AVE 201 LIBERTYVILLE IL 60048 3747114 0 X CPAHOUSING.ORG X 1992 IL TO PROVIDE DECENT, SAFE AND SANITARY HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE-INCOME PERSONS AND TO STABILIZE AND STRENGTHEN COMMUNITIES BY IMPROVING THE LOCAL HOUSING STOCK. THE CORPORATION SHALL ADMINISTER PROGRAMS THAT REVITALIZE NEIGHBORHOODS AND INCREASE AND PRESERVE AFFORDABLE HOUSING OPTIONS IN THE NORTHERN SECTION OF THE CHICAGO METROPOLITAN STATISTICAL AREA 3 3 5 3 0 0 0 0 5060382 3665405 2629 13703 73636 68006 5136647 3747114 67500 0 0 0 440565 533569 0 0 0 4751411 3228751 5259476 3762320 -122829 -15206 2256048 2139843 957094 856095 1298954 1283748 X TO PROVIDE DECENT, SAFE AND SANITARY HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE-INCOME PERSONS AND TO STABILIZE AND STRENGTHEN COMMUNITIES BY IMPROVING THE LOCAL HOUSING STOCK. THE CORPORATION SHALL ADMINISTER PROGRAMS THAT REVITALIZE NEIGHBORHOODS AND INCREASE AND PRESERVE AFFORDABLE HOUSING OPTIONS IN THE NORTHERN SECTION OF THE CHICAGO METROPOLITAN STATISTICAL AREA 0 0 1940644 1747463 COMMUNITY LAND TRUST AND OTHER COMMUNITY PARTNERS FOR AFFORDABLE HOUSING (CPAH) SUPPORT 1563057 1534300 ACQUISITION, REHABILITATION, AND RESALE 70547 HOME ACCESSIBILITY PROGRAM 111068 451648 IHDA SINGLE FAMILY REHAB, RENTAL HOUSING SUPPORT PROGRAM AND OTHER VARIOUS PROGRAMS. 111068 451648 3685316 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 5 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ROBERT ANTHONY 8472637478 800 S MILWAUKEE AVE 201 LIBERTYVILLE IL 60048 TIMOTHY JOHNSTON CHAIR 1.00 X X 0 0 0 MICHAEL DEBLAUW SECRETARY/TREASURER 1.00 X X 0 0 0 ROBERT ANTHONY DIRECTOR 1.00 X 0 0 0 MICHAEL MADER PRESIDENT 40.00 X 127000 0 12791 BRADLEY DENNISON PRESIDENT 40.00 X 58776 0 200 185776 0 12991 1 0 0 0 0 PROCEEDS FROM SALES 531390 3148481 3148481 PROJECT DELIVERY 531390 285879 285879 INCOME 531390 231045 231045 3665405 13703 13703 13594 0 13594 13594 13594 MISCELLANEOUS REVENUE 900099 54412 54412 54412 3747114 3733411 0 13703 185776 185776 277996 212597 65399 14771 14771 23499 23499 31527 31527 18966 16633 2333 9220 8166 1054 26861 24126 2735 14695 12973 1722 302 302 PROJECT COSTS 3148608 3148608 EQUIPMENT USAGE 6973 6023 950 PROFESSIONAL DEVELOPMEN 3126 617 2509 3762320 3685316 77004 0 462328 669403 21634 6642 698 1512 832 983 680 1786095 1447428 2256048 2139843 63024 109707 886170 746388 7900 0 957094 856095 X 1298954 1283748 1298954 1283748 2256048 2139843 -15206 0 X 0 1 X 1 0 X 249824 93189 500716 843729 249824 93189 500716 843729 843729 7416 4674 876 49874 27297 90137 10442 20519 135518 26391 54412 247282 1181148 18069893 0.71430 0.82840 X 1512 832 680 680 BUILDINGS IN PROGRESS 1339351 DUE FROM AFFILIATES 108077 1447428 X 3747114 0 3747114 0 3747114 3762320 0 3762320 0 3762320 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISION OF ASC TOPIC 740, INCOME TAXES, RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF ILLINOIS. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS INITIALLY REVIEWED BY TWO VOLUNTEER BOARD MEMBERS (TREASURER AND BOARD PRESIDENT) AND TWO PAID POSITIONS (EXECUTIVE DIRECTOR AND ACCOUNTANT). ANY QUESTIONS OR CONCERNS ARE DIRECTED TO THE AUDITOR. UPON COMPLETION, THE 990 IS SENT TO THE ENTIRE BOARD AS AN INFORMATIONAL ITEM AND IS DISCUSSED AT A BOARD MEETING. IT SHOULD BE NOTED THAT AT THE TIME THE 990 IS COMPLETE, BOARD MEMBERS RECENTLY RECEIVED A PRESENTATION AND EXPLANATION OF THE AUDIT. THE BOARD ALSO REVIEWS THE ORGANIZATION'S FINANCES AT EVERY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND STAFF MEMBER ANNUALLY SIGNS A CONFLICT OF INTEREST FORM WHICH AFFIRMS THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTAND THE POLICY, AND AGREED TO COMPLY WITH THE POLICY. THE POLICY IS DESIGNED TO ENSURE THAT ALL MATTERS OF THE ORGANIZATION ARE ADDRESSED WITH CARE AND INTEGRITY TO SERVE THE BEST INTERESTS OF THE ORGANIZATION AND THE CLIENTS AND COMMUNITIES WE SERVE. THE BOARD CONDUCTS PERIODIC REVIEWS TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 AN EMPLOYEE'S INITIAL SALARY OR HOURLY RATE IS DETERMINED BY THE PRESIDENT IN ACCORDANCE WITH THE APPROVED BUDGET. THEREAFTER, THE BOARD OF DIRECTORS ANNUALLY APPROVES A BUDGET WHICH MAY INCLUDE AN AVERAGE COST OF LIVING OR MERIT INCREASE FOR OVERALL PERSONNEL COSTS. ADJUSTMENTS TO INDIVIDUAL EMPLOYEE'S SALARIES OR HOURLY RATES ARE RECOMMENDED BY EACH SUPERVISOR AS PART OF THEIR ANNUAL PERFORMANCE REVIEW. SUPERVISOR RECOMMENDED ADJUSTMENTS ARE THEN APPROVED BY THE PRESIDENT IN ACCORDANCE TO THE APPROVED BUDGET. THE PRESIDENT'S INITIAL SALARY AND SALARY ADJUSTMENTS ARE APPROVED BY THE BOARD OF DIRECTORS. PAYROLL COSTS ARE REVIEWED BY THE PRESIDENT AND BOARD TREASURER AS PART OF THE MONTHLY CASH DISBURSEMENTS REPORT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST