2025-04-15T16:32:33-04:00 2024-12-31 364119639 KOLNICKI PETERSON & WIRTH CPA'S 1400 OPUS PLACE SUITE 100 DOWNERS GROVE IL 60515 990 2024-01-01 362666771 OAK PARK RESIDENCE CORPORATION OAKP 7083866061 21 SOUTH BOULEVARD OAK PARK IL 60304 WAYNE PIERCE CHAIR 7083866061 2025-04-15 true true KENNETH W PETERSON CPA P00046293 6303901140 2025-04-15 2024 2025-03-06 01:10:19Z DAVID G POPE 21 SOUTH BOULEVARD OAK PARK IL 60302 10620071 false X WWW.OAKPARKRC.COM X 1979 IL THE ORGANIZATION WAS ESTABLISHED TO PROMOTE THE PROGRESS AND GENERAL WELFARE OF THE RESIDENTS OF THE VILLAGE OF OAK PARK, ILLINOIS BY IMPROVING OR CAUSING TO BE IMPROVED SUBSTANDARD OAK PARK HOUSING STOCK AND DEVELOPING PROJECTS AND ACTIVITIES FOR THE PREVENTION AND ELIMINATION OF BLIGHT INFLUENCE AND IN COOPERATION WITH GOVERNMENT AND CIVIC BODIES FOR THE PREVENTION AND ELIMINATION OF RACIAL AND ETHNIC PREJUDICE AND DISCRIMINATION. THE ORGANIZATION ALSO ASSISTS THE LOCAL GOVERNMENT IN IMPLEMENTING ITS FAIR HOUSING ORDINANCE, INSTRUCTS AND COUNCELS INDIVIDUALS AND GROUPS ON HOUSING MANAGEMENT STANDARDS, HOUSING REHABILITATION TECHNIQUES AND IMPROVEMENT OF RESIDENTIAL PROPERTIES TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES TO MEET THEIR PHYSICAL NEEDS TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. 8 8 50 0 800467 895291 9252865 9707444 86712 17336 0 10140044 10620071 0 0 1728855 1761520 0 0 8919556 8760793 10648411 10522313 -508367 97758 45218271 55204603 45467803 55356377 -249532 -151774 X THE ORGANIZATION WAS ESTABLISHED TO PROMOTE THE PROGRESS AND GENERAL WELFARE OF THE RESIDENTS OF THE VILLAGE OF OAK PARK, ILLINOIS BY IMPROVING OR CAUSING TO BE IMPROVED SUBSTANDARD OAK PARK HOUSING STOCK AND DEVELOPING PROJECTS AND ACTIVITIES FOR THE PREVENTION AND ELIMINATION OF BLIGHT INFLUENCE AND IN COOPERATION WITH GOVERNMENT AND CIVIC BODIES FOR THE PREVENTION AND ELIMINATION OF RACIAL AND ETHNIC PREJUDICE AND DISCRIMINATION. THE ORGANIZATION ALSO ASSISTS THE LOCAL GOVERNMENT IN IMPLEMENTING ITS FAIR HOUSING ORDINANCE, INSTRUCTS AND COUNCELS INDIVIDUALS AND GROUPS ON HOUSING MANAGEMENT STANDARDS, HOUSING REHABILITATION TECHNIQUES AND IMPROVEMENT OF RESIDENTIAL PROPERTIES TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES TO MEET THEIR PHYSICAL NEEDS TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. false false 7396087 TO REPAIR, PURCHASE, SELL AND MANAGE SUBSTANDARD RESIDEN- TIAL HOUSING IN OAK PARK, ILLINOIS. THE CORPORATION ALSO MANAGES PROPERTIES AND SELLS FORECLOSED HOUSES. 967055 OPERATION OF THE OAKS, AN APARTMENT COMPLEX FOR THE ELDERY AND PHYSICALLY HANDICAPPED THAT IS SUBSUDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 8363142 true true false false false false false false false false true false false true true false false true false false false false false false false false false false false true true false false false false false false false false false false false false false false true true false false false true 48 0 true 50 true false false false false false false false false X 8 8 false false false false false false false true true false false false true true true true true true true false IL X BRAD SINN 7083866061 21 SOUTH BLVD OAK PARK IL 60304 DAVID G POPE CEO 35.00 5.00 X 185872 60422 0 DARIAN BLOOM DIRECTOR 1.00 X 0 0 0 RYAN VON DREHLE DIRECTOR 1.00 X 0 0 0 PETER GONZALEZ TREASURER 1.00 X X 0 0 0 MAJORIE GREENWALD SECRETARY 1.00 X X 0 0 0 NANCY LEAVY DIRECTOR 1.00 X 0 0 0 WAYNE PIERCE CHAIR 1.00 X X 0 0 0 CODY POWELL DIRECTOR 1.00 X 0 0 0 JENNIFER STRATMAN VICE CHAIR 1.00 X X 0 0 0 185872 60422 1 false true false SYNERGY CONSTRUCTION 2037 W CARROLL STREET CHICAGO IL 60612 BLDG CONSULTANT 1403555 MGD ELECTRIC INC ELEC INSTALL 972060 EIFS SPECIALTIES INC 660602 VALDEX CONSTRUCTION INC 654332 ESTRUCTURAS INC 546947 17 895291 895291 RENT-TENANTS 532000 9468430 9468430 MGMT. & MAINT. FEES 561000 164954 164954 VILL OAK PARK SMALL CONDO GT 561000 42500 42500 PROGRAM REIMBURSEMENTS 900099 23220 23220 OTHER ADMINISTRATIVE FEES 900099 8340 8340 9707444 17336 17336 10620071 9707444 17336 246294 246294 1213303 235146 978157 301923 27880 274043 78794 78794 2808311 2304167 504144 1151371 1151042 329 2285776 2261845 23931 435062 377656 57406 REAL ESTATE TAXES 996507 996892 -385 ADMINISTRATIVE EXPENSES 744400 422854 321546 BAD DEBT 203951 203951 AMORTIZATION OF FEES 56621 56621 10522313 8363142 2159171 0 457851 1631836 352836 393075 62130 27359 212660 193121 68435567 36066251 33779192 32369316 817360 625527 39316 9536242 19925053 45218271 55204603 217155 198440 734187 2121630 17664881 17355030 24266727 32974298 2584853 2706979 45467803 55356377 X 1136849 1100627 -1386381 -1252401 -249532 -151774 45218271 55204603 97758 X false true X true true true X 710064 1227553 739565 800467 895291 4372940 710064 1227553 739565 800467 895291 4372940 4372940 144748 192 606 86712 17336 249594 134633 134633 4757167 44717612 0.91920 0.90900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3604846 3604846 62617641 36066251 26551390 2213080 2213080 32369316 CONTRUCTION IN PROCESS 18609026 RESTRICTED CASH 965077 ESCROW DEPOSITS 249302 RIGHT OF USE ASSET 100648 INVESTMENT IN SUBSIDIARY 1000 19925053 ACCRUED EXP. REAL ESTATE TAXES 1179060 SECURITY DEPOSIT/OTHER LIABILITIES 818903 ACCRUED INTEREST 414378 ACCRUED EXP. SALARIES & EMPLOYEE BEN 189662 LEASE LIABILITY 104976 2706979 10860288 254125 254125 10606163 13908 13908 10620071 10802395 293990 293990 10508405 13908 13908 10522313 SCHEDULE D, PAGE 4, PART XI, LINE 2D ELIZABETH H & CYRUS V GIDDINGS CORPORATION REVENUE 180,599 RC MANAGEMENT S CORP REVENUE 73,526 SCHEDULE D, PAGE 4, PART XI, LINE 4B MANAGEMENT FEES 13,908 SCHEDULE D, PAGE 4, PART XII, LINE 2D ELIZABETH H & CYRUS V GIDDINGS CORPORATION EXPENSES 234,161 RC MANAGEMENT S CORP EXPENSES 59,829 SCHEDULE D, PAGE 4, PART XII, LINE 4B MANAGEMENT FEES 13,908 false false false false false false false false false DAVID G POPE CEO 185872 60422 185872 60422 A ILLINOIS FINANCE AUTHORITY REVBOND 861091967 45188RWS4 2017-01-01 20000000 REFINANCE CONVENTIONAL LOAN false false false A 2008 false false false false A false false false false false false false A false false false false true false false false false A false PURPOSE OF ISSUE DESCRIPTION ILLINOIS FINANCE AUTHORITY REV.BONDS REFINANCE CONVENTIONAL LOAN FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION WAS ESTABLISHED TO PROMOTE THE PROGRESS AND GENERAL WELFARE OF THE RESIDENTS OF THE VILLAGE OF OAK PARK, ILLINOIS BY IMPROVING OR CAUSING TO BE IMPROVED SUBSTANDARD OAK PARK HOUSING STOCK AND DEVELOPING PROJECTS AND ACTIVITIES FOR THE PREVENTION AND ELIMINATION OF BLIGHT INFLUENCE AND IN COOPERATION WITH GOVERNMENT AND CIVIC BODIES FOR THE PREVENTION AND ELIMINATION OF RACIAL AND ETHNIC PREJUDICE AND DISCRIMINATION. THE ORGANIZATION ALSO ASSISTS THE LOCAL GOVERNMENT IN IMPLEMENTING ITS FAIR HOUSING ORDINANCE, INSTRUCTS AND COUNCELS INDIVIDUALS AND GROUPS ON HOUSING MANAGEMENT STANDARDS, HOUSING REHABILITATION TECHNIQUES AND IMPROVEMENT OF RESIDENTIAL PROPERTIES TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES TO MEET THEIR PHYSICAL NEEDS TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. FORM 990, PAGE 6, PART VI, LINE 11B THE CONTROLLER AND EXECUTIVE DIRECTOR WILL REVIEW THE 990 AND ONCE THEY HAVE COMPLETED THEIR REVIEW THE 990 WILL BE PRESENTED TO THE BOARD PRESIDENT AND TREASURER FOR REVIEW AND SIGNATURE. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS HAS THE RESPONSIBILITY FOR FORMULATING THE POLICIES AND PROGRAMS OF THE ORGANIZATION. SUPERVISING AND IMPLEMENTING THE POLICIES AND TAKING THE NECESSARY CORRECTIVE ACTION TO PROMOTE THE CENTER'S GOALS ARE ENFORCED AT EACH OF THE MONTHLY REGULARLY SCHEDULED MEETINGS. IN ADDITION A HANDBOOK CONTAINS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. MONITORING INCLUDES THE ORGANIZATION'S PROCUREMENT POLICY WHICH REQUIRES A BID PROCESS AND EXECUTIVE DIRECTOR OVERSIGHT FOR PURCHASES OF 5,000.00 OR MORE. PURCHASES OF 20,000.00 OR MORE REQUIRE A SEALED BID PROCESS AND APPROVAL BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR MAINTAINS AN OPEN DOOR POLICY WHICH ALLOWS EMPLOYEES TO FREELY COME FORWARD WITH ANY ISSUES. FORM 990, PAGE 6, PART VI, LINE 15A ALL POSITIONS HAVE A WRITTEN JOB DESCRIPTION DESCRIBING FUNCTIONS TO BE PERFORMED, EDUCATION REQUIRED, AND NUMBER OY YEARS OF WORK EXPERIENCE REQUIRED. THE WORK PERFORMANCE OF EACH INDIVIDUAL IS CAREFULLY EVALUATED AND REVIEWED AT LEAST ONCE ON AN ANNUAL BASIS. SALARY ADVANCEMENT IS BASED UPON THE FINANCIAL CIRCUMSTANCES OF THE CORPORATION, THE SALARY RANGE FOR THE POSITION, AND THE EMPLOYEE'S DEMONSTRATED WORK PERFORMANCE. OVERSIGHT OF THE PROCESS SITS WITH THE PERSONAL COMMITTEE COMPRISED OF FOUR MEMBERS OF THE BOARD OF DIRECTORS, THE EXECUTIVE DIRECTOR, AND THE HUMAN RESOURCE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 15B SEE ABOVE EXPLANATION WHICH COVERS PROCESS OF THE COMPENSATION PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS WILL BE MADE AVAILABLE TO THE PUBIC UPON REQUEST VIA THE U.S. MAIL. OR E- MAIL SERVICE. A & L LLC 1018 N AUSTIN 908 S LOMBARD OAK PARK IL 60304 371785948 OWNS BUILD IL 206514 4125484 OPRC OAK PARK RESIDENCE CORPORATION THE OAKS LLC 114 S HUMPHREY OAK PARK IL 60302 263918817 OWNS APT IL 1162307 2404500 OPRC OAK PARK RESIDENCE CORPORATION ELIZABETH H & CYRUS V GIDDINGS CO 21 SOUTH BOULEVARD OAK PARK IL 60302 363846104 HOUSING IL 501C3 10 OPRC false RC MANAGEMENT SERVICES 21 S BOULEVARD OAK PARK IL 60302 270896947 PROP.MGMT. IL N/A C CORP 73526 9528 1.00000 false false false false false false false false false false false false false false false true false false false false ELIZABETH AND CYRUS GIDDINGS CORP O 27747 GROSS PAID WAGES