LAKE VIEW TOWERS RESIDENTS ASSOCIATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LAKE VIEW TOWERS RESIDENTS ASSOCIATION INC (EIN 36-3971142)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-20
IRS object ID
202411419349300431
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-20T08:23:39-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364025026PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Wieland Wallace IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1232 S Batavia AvenueAddressLine1Txt
CityBataviaCityNm
State AbbreviationILStateAbbreviationCd
ZIP60510ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363971142EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAKE VIEW TOWERSBusinessNameLine1Txt
Business Name Line2RESIDENTS ASSOCIATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLAKEBusinessNameControlTxt
Phone7732865400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O LMCI 5618 N MILWAUKEE AVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60646ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDIANE SANTUCCIPersonNm
Person TitlePresident/SecretaryPersonTitleTxt
Signature2024-05-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDIANEPersonFirstNm
Person LastSANTUCCIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPaul H Wieland CPAPreparerPersonNm
PTINP00326532PTIN
Phone6304254382PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDIANE SANTUCCIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O LMCI 5618 N MILWAUKEE AVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60646ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,354,049GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTO PROVIDE AND MAINTAIN SAFE AND AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$8,911,659PYProgramServiceRevenueAmt
CY Program Service Revenue$9,034,459CYProgramServiceRevenueAmt
PY Investment Income$6,737PYInvestmentIncomeAmt
CY Investment Income$11,849CYInvestmentIncomeAmt
PY Other Revenue$287,162PYOtherRevenueAmt
CY Other Revenue$307,741CYOtherRevenueAmt
PY Total Revenue$9,205,558PYTotalRevenueAmt
CY Total Revenue$9,354,049CYTotalRevenueAmt
PY Grants And Similar Paid$10,658,420PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,092,362PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,068,711CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$9,116,867PYOtherExpensesAmt
CY Other Expenses$8,680,617CYOtherExpensesAmt
PY Total Expenses$20,867,649PYTotalExpensesAmt
CY Total Expenses$9,749,328CYTotalExpensesAmt
PY Revenues Less Expenses-$11,662,091PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$395,279CYRevenuesLessExpensesAmt
Total Assets BOY$45,962,939TotalAssetsBOYAmt
Total Assets EOY$45,032,987TotalAssetsEOYAmt
Total Liabilities BOY$64,018,050TotalLiabilitiesBOYAmt
Total Liabilities EOY$63,483,377TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$18,055,111NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$18,450,390NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE AND MAINTAIN SAFE AND AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$9,749,328ExpenseAmt
DescOPERATED AND MAINTAINED LAKE VIEW TOWERS, A 500-UNIT AFFORDABLE HOUSING PROJECT IN CHICAGO. DURING THE REPORTING PERIOD THE ORGANIZATION OPERATED THE PROPERTY FOR THE BENEFIT OF LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.Desc
Total Program Service Expenses$9,749,328TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (true)DelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLEASING AND MANAGEMENT CO INCPersonNm
Phone7732865400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15618 N MILWAUKEE AVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60646ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHARLOTTE CARTER
Asst. Secretary2.000.00Yes (X)Yes (X)$0$0$0
DIANE SANTUCCI
President/Secr2.000.00Yes (X)Yes (X)$0$0$0
LENA MCCLELLAN
Vice President2.000.00Yes (X)$0$0$0
RASHID SHAIKH
Vice President2.000.00Yes (X)$0$0$0
SEID DEGU
Treasurer2.000.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
LEASING & MANAGEMENT COMPANY INC
5618 N MILWAUKEE AVECHICAGOIL60646PROPERTY MANAGEMENT$420,000
PREZA CONSTRUCTION INC
3913 FARGO AVESKOKIEIL60076CONSTRUCTION$597,912
WILLIAM HACH & ASSOCIATES INC
140 S 7TH AVEMAYWOODIL60153CONSTRUCTION$4,103,503
ADMIRAL SECURITY SERVICES INC
5550 W TOUHY AVESKOKIEIL60077SECURITY$501,653
CLEARVIEW WINDOWS & DOORS
3551 W 63RD PLCHICAGOIL60629CONTRACTOR
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Total Contributions$0TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL RECEIPTSDesc
Total Revenue Column$9,034,459TotalRevenueColumnAmt
Exclusion$9,034,459ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$9,034,459TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,849TotalRevenueColumnAmt
Exclusion$11,849ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
LAUNDRY AND VENDING$107,776$107,776
PARKING$160,091$160,091
TENANT CHARGES$39,874$39,874
FieldValueIRS element (for citing)
Other Revenue Total$307,741OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,354,049TotalRevenueColumnAmt
Exclusion$9,354,049ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$854,357TotalAmt
Program Services$854,357ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$148,249TotalAmt
Program Services$148,249ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$66,105TotalAmt
Program Services$66,105ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$420,000TotalAmt
Program Services$420,000ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$151,734TotalAmt
Program Services$151,734ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,500TotalAmt
Program Services$12,500ProgramServicesAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$139,090TotalAmt
Program Services$139,090ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,972,010TotalAmt
Program Services$1,972,010ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,520,888TotalAmt
Program Services$2,520,888ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$419,182TotalAmt
Program Services$419,182ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
OPERATING CONTRACTS$614,279$614,279
SECURITY CONTRACT$602,997$602,997
WATER AND SEWER$417,721$417,721
GAS$278,521$278,521

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,131,695TotalAmt
Program Services$1,131,695ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,749,328TotalAmt
Program Services$9,749,328ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$120,043BOYAmt
EOY-$209,036EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$89,606BOYAmt
EOY$72,833EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$165,684BOYAmt
EOY$230,710EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$73,899,424LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$38,685,800LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$32,927,030BOYAmt
EOY$35,213,624EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$1,249,672BOYAmt
EOY$1,205,214EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$11,410,904BOYAmt
EOY$8,519,642EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$45,962,939BOYAmt
EOY$45,032,987EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$334,375BOYAmt
EOY$1,174,272EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$62,647,550BOYAmt
EOY$61,461,890EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,036,125BOYAmt
EOY$847,215EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$64,018,050BOYAmt
EOY$63,483,377EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$18,055,111BOYAmt
EOY-$18,450,390EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$18,055,111BOYAmt
EOY-$18,450,390EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$45,962,939BOYAmt
EOY$45,032,987EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$395,279ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,763,801CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,686,649CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,584,198CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,911,659CurrentTaxYearMinus1YearAmt
Current Tax Year$9,034,459CurrentTaxYearAmt
Total$43,980,766TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,763,801CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,686,649CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,584,198CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,911,659CurrentTaxYearMinus1YearAmt
Current Tax Year$9,034,459CurrentTaxYearAmt
Total$43,980,766TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$43,980,766PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$176,397CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$63,027CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,703CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,737CurrentTaxYearMinus1YearAmt
Current Tax Year$11,849CurrentTaxYearAmt
Total$266,713TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$176,397CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$63,027CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,703CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,737CurrentTaxYearMinus1YearAmt
Current Tax Year$11,849CurrentTaxYearAmt
Total$266,713TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$307,392CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$279,889CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$477,926CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$287,162CurrentTaxYearMinus1YearAmt
Current Tax Year$307,741CurrentTaxYearAmt
Total$1,660,110TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,247,590CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,029,565CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,070,827CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,205,558CurrentTaxYearMinus1YearAmt
Current Tax Year$9,354,049CurrentTaxYearAmt
Total$45,907,589TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.95800PublicSupportCY509Pct
Investment Income CY0.00580InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,550,000OtherCostOrOtherBasisAmt
Book Value$1,550,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$70,311,129OtherCostOrOtherBasisAmt
Depreciation$36,751,032DepreciationAmt
Book Value$33,560,097BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$105,563OtherCostOrOtherBasisAmt
Depreciation$79,227DepreciationAmt
Book Value$26,336BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,376,725OtherCostOrOtherBasisAmt
Depreciation$1,357,452DepreciationAmt
Book Value$19,273BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$556,007OtherCostOrOtherBasisAmt
Depreciation$498,089DepreciationAmt
Book Value$57,918BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$35,213,624TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
ESCROW DEPOSITS$643,686
REPLACEMENT RESERVE$7,582,669
RESIDUAL RECEIPT RESERVE$78,471
TENANT SECURITY DEPOSITS$214,816
FieldValueIRS element (for citing)
Total Book Value Other Assets$8,519,642TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDescAmtAmt
ACCRUED INTEREST$163,000
ACCRUED MANAGEMENT FEES$35,000
ACCRUED PAYROLL$30,363
ACCRUED REAL ESTATE TAXES$397,000
PREPAID RENTS$17,553
TENANT SECURITY DEPOSITS$204,299
FieldValueIRS element (for citing)
Total Liability$847,215TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X : FIN48 FootnoteFormAndLineReferenceDesc
ExplanationThe Organization is tax exempt under Internal Revenue Code Section 501 (c) (3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more likely than not, based on technical merits, that the position will be sustained upon examination. As of December 31, 2020, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (20 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, Line 3Property management of building owned by Association
Form 990, Part VI, Section B, Line 11bBoard is provided a review copy.
Form 990, Part VI, Section B, Line 15bOfficers and directors are volunteers. Personnel are all employees of professional real estate management company that provides management services to the Association pursuant to an agreement approved by HUD.
Form 990, Part VI, Section C, Line 19Available at Board's building office and from management company
Form 990, Part IX, Line 24eBAD DEBTS (Net recoveries): Column (A) - Total = $59319; Column (B) - Program Services = $59319; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eBoard Expenses: Column (A) - Total = $35357; Column (B) - Program Services = $35357; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eELECTRICITY: Column (A) - Total = $131395; Column (B) - Program Services = $131395; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eFidelity Bond: Column (A) - Total = $1070; Column (B) - Program Services = $1070; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eGARBAGE REMOVAL: Column (A) - Total = $104040; Column (B) - Program Services = $104040; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eHVAC: Column (A) - Total = $45418; Column (B) - Program Services = $45418; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eMisc Tax and Insurance: Column (A) - Total = $1605; Column (B) - Program Services = $1605; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eMISCELLANEOUS FINANCIAL: Column (A) - Total = $18615; Column (B) - Program Services = $18615; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eMISCELLANEOUS OPERATING: Column (A) - Total = $29581; Column (B) - Program Services = $29581; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eMORTGAGE INSURANCE PREMIUMS: Column (A) - Total = $216623; Column (B) - Program Services = $216623; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eOPERATING SUPPLIES: Column (A) - Total = $214501; Column (B) - Program Services = $214501; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eOTHER RENTING EXPENSES: Column (A) - Total = $10846; Column (B) - Program Services = $10846; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eREAL ESTATE TAXES: Column (A) - Total = $188707; Column (B) - Program Services = $188707; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eRENT FREE UNIT, OPERATING: Column (A) - Total = $16648; Column (B) - Program Services = $16648; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eSocial Programming: Column (A) - Total = $41191; Column (B) - Program Services = $41191; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24eWORKER'S COMP: Column (A) - Total = $16779; Column (B) - Program Services = $16779; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1835 W WILSON HOLDING LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1203 N LASALLE ST STE 2500AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesSENIOR HOUSINGPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LAKE VIEW TOWERS RES ASSN INCBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LAKE VIEW TOWERS WEST AFFORD HSNG CORPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O LMCI 5618 N MILWAUKEE AVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60646ZIPCd
FieldValueIRS element (for citing)
EIN842411318EIN
Primary ActivitiesAFFORDABLE HOUSINGPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501C3ExemptCodeSectionTxt
Public Charity StatusPRIVATE FOUNDATIONPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LAKE VIEW TOWERS RES ASSN INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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