Mainstreet Redevelopment Association in Forest Park, Illinois (IL)
Table of contents:
| Mainstreet Redevelopment Association | |
| Employer Identification Number (EIN) | 363989959 |
| Name of Organization | Mainstreet Redevelopment Association |
| Address | 7331 Roosevelt Rd, Forest Park, IL 60130-2470 |
| Activities | Other instruction and training |
| Subsection | Charitable Organization |
| Ruling Date | 02/1998 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $53,719 |
| Amount of Income | $115,175 |
| Form 990 Revenue Amount | $73,459 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community Coalitions |
Non-representatives - add comments:
Amount of income in 2013: $115,175 (it was $171,981 in 2012)
| Mainstreet Redevelopment Association: | $115,175 |
| Other organizations performing similar types of work: | $144,504 |
Assets in 2013: $53,719 (it was $60,517 in 2012)
| Mainstreet Redevelopment Association: | $53,719 |
| Other organizations performing similar types of work: | $121,059 |
Expenses in 2013: $76,946
| This organization: | $76,946 |
| Other organizations performing similar types of work: | $144,843 |
Income to expenses ratio in 2013: 1.5
| Mainstreet Redevelopment Association: | 1.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.1%
| This organization: | 0.1% |
| Other organizations performing similar types of work: | 29.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||||
| 2008 | 2009 | 2010 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total revenue | $119,283 | $126,809 | $116,298 | $77,049 | $73,459 |
| Contributions, gifts, grants, and similar amounts received | $29,606 | $9,215 | $1,549 | $156 | $98 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $64,812 | $74,189 | $86,425 | $50,817 | $0 |
| Investment income | $1,676 | $1,034 | $204 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $23,189 | $42,371 | $28,120 | $26,076 | $73,361 |
| Gross income from gaming | $0 | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $27,089 | $138,151 | $110,745 | $121,008 | $115,077 |
| Less: direct expenses from gaming and fundraising events | $3,900 | $95,780 | $82,625 | $94,932 | $41,716 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $149,168 | $145,866 | $112,477 | $93,855 | $76,946 |
| Total net assets | $69,713 | $50,656 | $54,477 | $57,206 | $53,719 |
| Excess/Deficit for the year | $-29,885 | $-19,057 | $3,821 | $-16,806 | $-3,487 |
| Net assets or fund balances at beginning of year | $34,028 | $69,713 | $50,656 | $74,012 | $57,206 |
| Other changes in net assets or fund balances | $65,570 | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $69,713 | $50,656 | $54,477 | $57,206 | $53,719 |
| Balance Sheets | |||||
| 2008 | 2009 | 2010 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total assets | $69,713 | $50,656 | $54,477 | $60,517 | $53,719 |
| Total liabilities | $0 | $0 | $0 | $3,311 | $0 |
| Net assets or fund balances | $69,713 | $50,656 | $54,477 | $57,206 | $53,719 |
| Other Information | |||||
| 2008 | 2009 | 2010 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | No | No |
| Total amount involved | $0 | $0 | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $872,919 |
| Subtotal | $872,919 |
| Gifts, grants, contributions, and membership fees received | $12,581 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $1,238 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $859,100 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $872,919 |
| Public support | $872,919 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Carver Community Action Agency Of Knox County | PO BOX 28, Galesburg, IL 61402-0028 | IL | 1953-10 | $2,511,583 |
| 2 | City Club Of Chicago | 360 N Michigan Ave Ste 903, Chicago, IL 60601-3803 | IL | 1944-08 | $1,076,459 |
| 3 | Metropolitan Housing Development Corporation, Touchette Ederly Apartments Ii Inc | 8 S Michigan Ave Ste 3100, Chicago, IL 60603-3267 | IL | 1995-04 | $468,194 |
| 4 | Rebuilding Together Aurora Inc | 1460 N Farnsworth Ave, Aurora, IL 60505-1645 | IL | 1993-06 | $339,374 |
| 5 | Itsy Bitsy People Palace Inc | 7419 S Cottage Grove Ave, Chicago, IL 60619-1911 | IL | 1995-01 | $298,419 |
| 6 | Metropolitan Housing Development Corporation | 8 S Michigan Ave Ste 3100, Chicago, IL 60603-3267 | IL | 1995-04 | $253,382 |
| 7 | The Tuscola Community Foundation Inc | PO BOX 252, Tuscola, IL 61953-0252 | IL | 1995-11 | $138,248 |
| 8 | Mainstreet Redevelopment Association | 7331 Roosevelt Rd, Forest Park, IL 60130-2470 | IL | 1998-02 | $115,175 |
| 9 | Grant Park Conservancy | 330 S Michigan Ave Apt 1505, Chicago, IL 60604-4432 | IL | 1998-04 | $86,158 |
| 10 | Franklin Neighborhood Community Association | 308 N 2nd St, Belleville, IL 62220-1256 | IL | 1993-02 | $79,538 |
| 11 | Alliance Of Sindhi Association Of | 1999 Jamestown Lane, Elgin, IL 60123 | IL | 1995-06 | $10,415 |
| 12 | Broinc | 52 E 110th Pl, Chicago, IL 60628-4302 | IL | 1993-12 | $0 |
| 13 | Chicago Central Area Research And Study Committee | 161 N Clark St Ste 4300, Chicago, IL 60601-3315 | IL | 1965-03 | $0 |
| 14 | Firecracker Run | 3725 Blackhawk Road, Rock Island, IL 61201 | IL | 1993-01 | $0 |
| 15 | Idas Day Care C/O Cathaline Lenora Dismukes | 1528 N Lee Blvd, Berkely, IL 60163-1316 | IL | 1998-03 | $0 |
| 16 | Joliet Will County Project Pride | Po Box 3799, Joliet, IL 60434 | IL | 1994-12 | $0 |
| 17 | Metropolitan Housing Development Corporation, First Choice Housing Mfp | 8 South Michigan Ave-Ste 31, Chicago, IL 60602 | IL | 1995-04 | $0 |
| 18 | Metropolitan Housing Development, Chicago Neighborhood Development | 8 S Michigan Ave Ste 3100, Chicago, IL 60603-3267 | IL | 1995-04 | $0 |
| 19 | Olivette Park Neighborhood Association | 307 Pennsylvania Ave, East St Louis, IL 62205 | IL | 1998-04 | $0 |
| 20 | South Austin Coalition Community Council Sacc | 5835 W Madison St, Chicago, IL 60644-3840 | IL | 1978-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 377 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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