2013-05-14T15:36:54-05:00 2012-12-31 362658780 MUELLER & CO LLP 1707 N RANDALL RD STE 200 ELGIN IL 60123 990 2012-01-01 363086133 LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP LAKE 8472447616 P O BOX 321 GURNEE IL 60031 MARY ELLEN TAMASY 8472447616 2013-05-11 1 ROY GROESBECK P01318350 8478888600 2012 2016-02-24 21:20:13Z MARY ELLEN TAMASY 280 BLACKBURN STREET SUITE 301 GURNEE IL 60031 1523461 0 X WWW.LCRDCIL.ORG X 1978 IL LAKE COUNTY RESIDENTIAL DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION WHOSE PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR FAMILIES AND INDIVIDUALS PRIMARILY IN LAKE COUNTY, ILLINOIS. 7 6 2 12 0 0 1475202 842618 390075 680568 7581 134 15909 141 1888767 1523461 0 513771 0 0 141584 156787 0 0 0 1307433 615763 1449017 1286321 439750 237140 10216614 10463777 1140915 1150938 9075699 9312839 LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP IS A NOT-FOR-PROFIT CORPORATION WHOSE PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR FAMILIES AND INDIVIDUALS PRIMARILY IN LAKE COUNTY, ILLINOIS. 0 0 561018 513771 323736 DEVELOPMENT OF MULTI-FAMILY RESIDENTIAL REAL ESTATE FOR LOW INCOME INDIVIDUALS UNDER SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT IN ACCORDANCE WITH REGULATIONS ISSUED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. PROVIDED LOAN FOR WEATHERIZATION TO LOW INCOME MULTI-FAMILY RESIDENTIAL RENTAL PROPERTY. 505838 353012 ACQUISITION, RENOVATION, RENTAL AND SALE OF RESIDENTIAL REAL ESTATE FOR LOW INCOME INDIVIDUALS UNDER SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT IN ACCORDANCE WITH REGULATIONS ISSUED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 132323 113053 MANAGEMENT AND RENTAL OF UNITS IN THE MARY PAT MADDEX PLACE WHICH IS A TRANSITIONAL APARTMENT BUILDING FOR RECOVERING MOTHERS REUNITING WITH THEIR CHILDREN. 1199179 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 10 0 2 1 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 IL X MARY ELLEN TAMASY 8472447616 1280 BLACKBURN STREET SUITE 301 GURNEE IL 60031 EVE B LEE 1.00 X X 0 0 0 SCOTT A STEWART 1.00 X X 0 0 0 STEVE BONGARD 1.00 X X 0 0 0 JANETT CHOCIANOWSKI 1.00 X 0 0 0 TONYA WINTERS 1.00 X 0 0 0 MICHAEL DORAN 1.00 X 0 0 0 DIANE CORBETT 1.00 X 0 0 0 MARY ELLEN TAMASY 40.00 X 91752 0 2597 91752 0 2597 0 0 0 0 0 814386 28232 842618 EXEMPT PURPOSE RENTAL 531110 356832 356832 DEVELOPER FEES 236000 323736 323736 680568 134 134 MISCELLANEOUS 531310 141 141 141 1523461 680709 0 134 513771 513771 89156 62409 26747 51523 36066 15457 4111 2878 1233 11997 8398 3599 5328 2565 2763 19499 13725 5774 64479 55245 9234 12375 8246 4129 912 608 304 1375 1299 76 361 361 47940 47491 449 144584 143522 1062 27202 22860 4342 PROPERTY REPAIRS AND MA 128050 125605 2445 REAL ESTATE TAXES 126996 118154 8842 UTILITIES 33435 33435 BAD DEBT EXPENSE 2902 2902 325 325 1286321 1199179 87142 0 48178 104441 44499 146085 2688 2539 6440000 6440000 3998 3967 5729752 1963007 3649693 3766745 27558 0 10216614 10463777 33743 145245 917138 972297 23500 166534 33396 1140915 1150938 X 2635699 2872839 6440000 6440000 9075699 9312839 10216614 10463777 237140 0 X 0 1 X 1 0 X 676377 163875 1542805 1489929 842618 4715604 676377 163875 1542805 1489929 842618 4715604 4715604 273390 284240 278122 287682 356966 1480400 6196004 323736 0.76110 0.76080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 750004 750004 4918383 1959383 2959000 61365 3624 57741 3766745 SECURITY DEPOSITS 33396 33396 X 1523461 0 1523461 0 1523461 1286321 0 1286321 0 1286321 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP. (LCRDC) HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. LCRDC HAS ADOPTED ACCOUNTING PRINCIPLES RELATED TO UNCERTAIN TAX POSITIONS AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE 2009, 2010, AND 2011 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. BASED ON THE EVALUATION OF LCRDC'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE YEARS ENDED DECEMBER 31, 2011 AND DECEMBER 31, 2010. 0 PARK CITY LCRDC LP 131 E PARK AVENUE SUITE 101 LIBERTYVILLE IL 60048 260693044 337256 IL DCEO PASS THROUGH GRANT FOR PROPERTY IMPROVEMENTS BENEFTING LOW INCOME INDIVIDUALS VERNON HILLS SLF ASSOCIATES LP 701 LEE STREET SUITE 500 DES PLAINES IL 60016 264519543 66903 IL DCEO PASS THROUGH GRANT FOR PROPERTY IMPROVEMENTS BENEFTING LOW INCOME INDIVIDUALS VERNON HILLS SA ASSOCIATES LP 701 LEE STREET SUITE 500 DES PLAINES IL 60016 264519362 108999 IL DCEO PASS THROUGH GRANT FOR PROPERTY IMPROVEMENTS BENEFTING LOW INCOME INDIVIDUALS 3 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S ACCOUNTANT. THEN IT IS REVIEWED BY THE EXECUTIVE DIRECTOR WHO THEN REVIEWS IT WITH THE PRESIDENT. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS IS REQUIRED TO SIGN STATEMENTS THAT AFFIRM THAT THEY HAVE RECEIVED, READ, UNDERSTAND AND COMPLY WITH THIS POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. LCRDC - ZION LLC 1280 BLACKBURN STREET SUITE 301 GURNEE IL 60031 203317234 SUBSIDIZED LOW INCOME HOUSING IL -25 491880 LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP LCRDC VERNON HILLS SLF LLC 1280 BLACKBURN STREET SUITE 301 GURNEE IL 60031 271815147 SUBSIDIZED LOW INCOME HOUSING IL -83 287690 LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP LCRDC VERNON HILLS SA LLC 1280 BLACKBURN STREET SUITE 301 GURNEE IL 60031 271815282 SUBSIDIZED LOW INCOME HOUSING IL -63 1067708 LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP LCRDC LAKE FOREST LP 1280 BLACKBURN STREET SUITE 301 GURNEE IL 60031 264549009 SUBSIDIZED LOW INCOME HOUSING IL -183 1023024 LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP ZION SENIOR COTTAGES LP 1280 BLACKBURN STREET SUITE 301 HIGHLAND PARK IL 60035 030501495 SUBSIDIZED LOW INCOME HOUSING IL LCRDC-ZION LLC RELATED -25 491880 0 1 0.00510 NORTH CHICAGO-LCRDC LP 131 E PARK AVENUE SUITE 101 LIBERTYVILLE IL 60048 800138953 SUBSIDIZED LOW INCOME HOUSING IL LCRDC-NORTH CHICAGO LLC RELATED -33 -162796 0 1 0.00920 VERNON HILLS SLF ASSOCIATES LP 701 LEE STREET SUITE 500 DES PLAINES IL 60016 264519543 SUBSIDIZED LOW INCOME HOUSING IL LCRDC VERNON HILLS SLF LLC RELATED -83 287690 0 1 0.00510 VERNON HILLS SA ASSOCIATES LP 701 LEE STREET SUITE 500 DES PLAINES IL 60016 264519362 SUBSIDIZED LOW INCOME HOUSING IL LCRDC VERNON HILLS SA LLC RELATED -63 1067708 0 1 0.00510 PARK CITY - LCRDC LP 131 E PARK AVENUE SUITE 101 LIBERTYVILLE IL 60048 260693044 SUBSIDIZED LOW INCOME HOUSING IL LCRDC-PARK CITY LLC RELATED -183 1023024 0 1 0.82800 LCRDC - NORTH CHICAGO LLC 1280 BLACKBURN STREET SUITE 301 GURNEE IL 60031 320156376 SUBSIDIZED LOW INCOME HOUSING IL LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP C -33 -162796 0.92000 0 LCRDC - PARK CITY LLC 131 E PARK AVE SUITE 101 LIBERTYVILLE IL 60048 260692939 SUBSIDIZED LOW INCOME HOUSING IL LAKE COUNTY RESIDENTIAL DEVELOPMENT CORP C -183 1023024 0.90000 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 VERNON HILLS SLF ASSOC LP B 66903 FAIR MARKET VALUE PARK CITY-LCRDC LP B 337256 FAIR MARKET VALUE VERNON HILLS SA ASSOC LP B 108999 FAIR MARKET VALUE