2025-11-11T13:43:40-06:00 2024-12-31 430765316 RUBINBROWN LLLP 225 WEST WACKER DRIVE SUITE 1700 CHICAGO IL 60606 990 2024-01-01 363237455 HOUSING OPPORTUNITY DEVELOPMENT CORP HOUS 8475642900 5340 LINCOLN AVENUE SKOKIE IL 60077 KATHLEEN CORTEZ PRESIDENT 8475642900 2025-11-11 1 1 NABILA RIAZ P00707283 3124251099 2024 2025-03-06 01:10:19Z KATHLEEN CORTEZ 5340 LINCOLN AVENUE SKOKIE IL 60077 10080078 0 X WWW.HODC.ORG X 1983 IL TO PROVIDE LOW-COST AND/OR RENT SUBSIDIZED HOUSING TO LOW/MODERATE INCOME CITIZENS IN THE NORTH SUBURBAN COMMUNITIES OF CHICAGO IN COOK AND LAKE COUNTIES, ILLINOIS 15 15 33 30 0 0 578753 6226098 1330829 2282795 189609 199627 208628 338131 2307819 9046651 0 0 0 0 1670453 1969583 0 0 54249 862325 964375 2532778 2933958 -224959 6112693 18274739 23983179 7403130 6998877 10871609 16984302 TO PROVIDE LOW-COST AND/OR RENT SUBSIDIZED HOUSING TO LOW/MODERATE INCOME CITIZENS IN THE NORTH SUBURBAN COMMUNITIES OF CHICAGO IN COOK AND LAKE COUNTIES, ILLINOIS 0 0 2676374 2620926 PROVIDE LOW COST/RENT SUBSIDIZED HOUSING TO LOW INCOME CITIZENS IN COMMUNITIES IN THE NORTHERN SUBURBS OF METROPOLITAN CHICAGO 2676374 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 12 0 1 33 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X RICHARD KOENIG 8475642900 5340 LINCOLN AVENUE SKOKIE IL 60077 X KATHLEEN CORTEZ PRESIDENT 1.00 1.00 X X 0 0 0 WILLIAM A SHOLTEN III VICE PRESIDENT 1.00 1.00 X X 0 0 0 NANCY A GEARY TREASURER 1.00 1.00 X X 0 0 0 SARAH HOMAN SECRETARY 1.00 1.00 X X 0 0 0 OTIS GATLIN DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL CORNELL DIRECTOR 1.00 1.00 X 0 0 0 DEDE KELLER DIRECTOR 1.00 1.00 X 0 0 0 DELISA WILLIAMS DIRECTOR 1.00 1.00 X 0 0 0 JACK KAPLAN DIRECTOR 1.00 1.00 X 0 0 0 ROBERT J RODRIGUEZ DIRECTOR 1.00 1.00 X 0 0 0 KRISTIN A BERG DIRECTOR 1.00 1.00 X 0 0 0 SYDNEY ZIMELIS DIRECTOR 1.00 1.00 X 0 0 0 JOSEPH KACZMARSKI DIRECTOR 1.00 1.00 X 0 0 0 LAKEYSHA D GILBERT DIRECTOR 1.00 1.00 X 0 0 0 PHALECIA GRAY DIRECTOR 1.00 1.00 X 0 0 0 RICHARD KOENIG EXECUTIVE DIRECTOR 40.00 0.00 X 187500 0 0 BETH DEMES DEPUTY DIRECTOR 40.00 0.00 X 119800 0 0 307300 0 0 2 0 1 0 0 215143 6010955 6226098 DEVELOPMENT FEE 561000 1100572 1100572 SALARY REIMBURSEMENT 561000 670643 670643 MANAGEMENT FEES 561000 367654 367654 MISCELLANEOUS INCOME 561000 129241 129241 PARTNERSHIP MGMT FEE 561000 14685 14685 2282795 199627 199627 821558 483427 338131 338131 338131 550000 550000 0 0 9046651 2620926 0 199627 1826051 1591270 182605 52176 143532 143532 3006 3006 207297 184494 20730 2073 37318 37318 221568 221568 MISC OPERATING & MAINT 196235 196235 UTILITIES 112670 112670 ENTITY EXPENSES 104250 104250 PROPERTY MANAGEMENT FEE 47844 47844 34187 34187 2933958 2676374 203335 54249 431679 621961 71465 42311 13584715 4833269 8841281 8751446 147433 138895 8782881 14428566 18274739 23983179 139790 35499 6076495 5831704 1186845 1131674 7403130 6998877 X 10871609 16984302 10871609 16984302 18274739 23983179 6112693 0 X X 0 1 X 1 0 X 3287300 3259525 2030642 1909582 8508893 18995942 3287300 3259525 2030642 1909582 8508893 18995942 18995942 147880 151128 164281 386059 537758 1387106 20383048 0.93190 0.93390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1498942 1498942 11935788 4738094 7197694 0 149985 95175 54810 0 8751446 INVESTMENTS IN LLCS AND LPS 2376663 REPLACEMENT AND OPERATING RESERVES 207609 SECURITY DEPOSITS 60470 DUE FROM RELATED PARTIES 11770340 REAL ESTATE TAX AND INSURANCE ESCROW 13484 14428566 ACCRUED REAL ESTATE TAXES 49100 DUE TO AFFILIATE 1031707 TENANT SECURITY DEPOSITS 44698 PREPAID RENTS 4481 ACCRUED INTEREST 1688 1131674 X 12210534 2680456 2680456 9530078 -483427 -483427 9046651 7755798 4821840 4821840 2933958 0 2933958 PART X, LINE 2: HOUSING OPPORTUNITY DEVELOPMENT CORP (HODC) IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. HOWEVER, VARIOUS INDIVIDUAL OPERATING SUBSIDIARIES OF HODC MAY BE SUBJECT TO APPLICABLE FEDERAL AND STATE INCOME TAXES. THEREFORE, HODC IS REQUIRED TO RECOGNIZE OR DERECOGNIZE IN ITS FINANCIAL STATEMENTS POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN ON A "MORE LIKELY THAN NOT" THRESHOLD. HODC DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. HODC AND ITS INDIVIDUAL OPERATING SUBSIDIARIES' INCOME TAX FILINGS FOR THE PAST THREE TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONRAD, LP 240,282. 131 CALLAN, LLC 42,129. IHDC II, LP 312,541. FRIENDS OF BUILDERS SKILLS, INC. 117,874. MCHENRY COUNTY COMMUNITY HOMES, INC. 404,778. HEART'S PLACE, LP 230,904. CARY SENIOR LIVING LP 669,915. SPRUCE VILLAGE, LP 485,105. HODC WILMETTE, LP 176,928. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL DEPRECIATION EXPENSE -483,427. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONRAD, LP 406,585. 131 CALLAN, LLC 62,376. IHDC II, LP 562,614. FRIENDS OF BUILDERS SKILLS, INC. 107,939. MCHENRY COUNTY COMMUNITY HOMES, INC. 350,931. RENTAL DEPRECIATION EXPENSE 483,427. HEART'S PLACE, LP 437,237. CARY SENIOR LIVING LP 1,236,096. SPRUCE VILLAGE, LP 825,555. HODC WILMETTE, LP 349,080. 0 0 0 0 0 0 0 0 0 RICHARD KOENIG EXECUTIVE DIRECTOR 187500 0 0 0 0 0 0 0 0 0 187500 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C INQUIRY OF BOARD MEMBERS FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THERE WERE NO CHANGES IN THE ORGANIZATION'S OVERSIGHT PROCESS OR ELECTION PROCESS DURING THE TAX YEAR. 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