Power Circle Development Association in Chicago, Illinois (IL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Power Circle Development Association | |
| Employer Identification Number (EIN) | 020659659 |
| Name of Organization | Power Circle Development Association |
| In Care of Name | Jacqueline D Atkins |
| Address | 9350 S Chicago Ave Ste 6, Chicago, IL 60617-4649 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $1 (it was $1 in 2011)
| This organization: | $1 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2013: $1 (it was $1 in 2011)
| This organization: | $1 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2011: $0
| This organization: | $0 |
| Other organizations performing similar types of work: | $124,074 |
Grants share in income in 2011: 0.0%
| Power Circle Development Association: | 0.0% |
| Other organizations performing similar types of work: | 3.7% |
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $0 | $0 | $0 | $0 |
| Excess of revenue over expenses and disbursements | $0 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Cmhdc Development Services | 200 W Adams St Ste 1710, Chicago, IL 60606-5228 | IL | 2010-10 | $2,435,048 |
| 4 | Walden Oaks Apartments Preservation Nfp | 325 N Wells Eighth Floor, Chicago, IL 60610 | IL | 2005-12 | $1,901,616 |
| 5 | Courage Connection | 508 E Church St, Champaign, IL 61820-3804 | IL | 1996-06 | $1,737,154 |
| 6 | Consecra Corporation | 1900 Spring Rd Ste 300, Oak Brook, IL 60523-1480 | IL | 2012-01 | $1,726,958 |
| 7 | Wentworth Garden Res Management Corp | 3770 S Wentworth Ave, Chicago, IL 60609-1821 | IL | 1989-05 | $1,594,913 |
| 8 | We Care Development Center Inc | 600 Holiday Plaza Dr Ste 160b, Matteson, IL 60443-2236 | IL | 1996-04 | $1,032,931 |
| 9 | Scupe Foundation Ii | 122 S Michigan Ave, Chicago, IL 60603-6191 | IL | 2009-12 | $922,446 |
| 10 | Urban League Of Champaign County Development Corporation | PO BOX 1307, Champaign, IL 61824-1307 | IL | 2000-05 | $869,669 |
| 11 | Southstar Deborah House | 1005 West End Avenue, Chicago Heights, IL 60411-2742 | IL | 2012-08 | $704,877 |
| 12 | Sawyer Gardens Inc | 1215 S Sawyer Ave, Chicago, IL 60623-1766 | IL | 2001-06 | $383,316 |
| 13 | Champaign County Neighborhood Alliance For Habitat | PO BOX 1162, Champaign, IL 61824-1162 | IL | 2011-06 | $222,314 |
| 14 | Eco Jazz Inc Nfp | 1007 N 15th Street, East St Louis, IL 62205 | IL | 2011-06 | $211,441 |
| 15 | Courtyard Square Inc | 750 Broadway Ave E, Mattoon, IL 61938-4610 | IL | 2014-09 | $207,550 |
| 16 | Southeast Cook County Community Redevelopment Agency | 222 Vollmer Road, Chicago Heights, IL 60411-1664 | IL | 2007-12 | $191,172 |
| 17 | Welcome Home Haiti Inc | 301 W North St, Lexington, IL 61753-1333 | IL | 2010-02 | $150,536 |
| 18 | Aid Community Housing | 309 New Indian Trail Ct, Aurora, IL 60506-2411 | IL | 2011-11 | $149,621 |
| 19 | Texas Acorn Housing Corporation Inc | 209 W Jackson Blvd, Chicago, IL 60606-6907 | IL | 2005-03 | $138,207 |
| 20 | Supportive Services Development Corporation | PO BOX 1506, Chicago, IL 60690-1506 | IL | 1996-04 | $123,563 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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