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Lake View Towers Residents Association Inc.

Lake View Towers Residents Association Inc.

Chicago, IL
Tax ID36-3971142

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About this organization

Revenue

$7,313,114

Expenses

$7,162,022

Mission

To provide and maintain safe and affordable housing for low to moderate income individuals and families.

About

Operated 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.

Interesting data from their 2019 990 filing

In the filing, the mission of the non-profit is noted as “To provide and maintain safe and affordable housing for low to moderate income individuals and families.”.

When referring to its responsibilities, they were outlined as: “To provide and maintain safe and affordable housing for low to moderate income individuals and families.”.

  • The state in which the non-profit is legally registered to operate is IL, as per legal records.
  • The filing documents the non-profit's address in 2019 as C/O LMCI 5618 N MILWAUKEE AVE, CHICAGO, IL, 60646.
  • According to the non-profit's form, they have 0 employees on their payroll as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $151,092.
  • The CEO compensation strategy within the organization is not based on a review and approval from an impartial entity.
  • The organization has a written policy that delegates the management duties.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 7 independent voting members.
  • The organization was formed in 2004.
  • The organization is required to file Schedule O.
  • The organization pays $944,936 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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