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Nonprofit · EIN 36-3873457

AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY

Tax-exempt · LIBERTYVILLE, IL 60048

Financials

$3.7M$3.8M2023$2.9M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,855,122$2,867,679-$12,557$1,912,484$641,293$1,271,191
December 31, 2023990$3,747,114$3,762,320-$15,206$2,139,843$856,095$1,283,748
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,832,305
Investment income
$18,419
Other revenue
$4,398

Expenses

Grants and similar amounts paid
$42,500
Compensation of officers, directors and key employees
$184,782
Other salaries and wages
$294,992
Salaries, compensation and benefits (total)
$555,551
Professional fundraising fees
$0
Accounting fees
$20,689
Occupancy
$20,363
Travel
$11,782
Program services (functional)
$2,823,368
Management and general (functional)
$44,311

Balance sheet and other

Total assets, start of year
$2,139,843
Total assets, end of year
$1,912,484
Total liabilities, end of year
$641,293
Net assets, end of year
$1,271,191
Land, buildings and equipment
$885
Net assets without donor restrictions
$1,271,191
Gross receipts
$2,855,122
Employees
5
Volunteers
4
Year formed
1992
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BRADLEY DENNISONPRESIDENT
Officer
40$119,400$6,433
MICHAEL MADERPRESIDENT
Officer
40$65,382$7,230
TIMOTHY JOHNSTONCHAIR
Trustee or director, Officer
1$0$0
MICHAEL DEBLAUWSECRETARY/TREASURER
Trustee or director, Officer
1$0$0
ROBERT ANTHONYDIRECTOR
Trustee or director
1$0$0
WILLIAM POWERSCHAIR
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL MADERPRESIDENT
Officer
40$127,000$12,791
BRADLEY DENNISONPRESIDENT
Officer
40$58,776$200
TIMOTHY JOHNSTONCHAIR
Trustee or director, Officer
1$0$0
MICHAEL DEBLAUWSECRETARY/TREASURER
Trustee or director, Officer
1$0$0
ROBERT ANTHONYDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
800 S MILWAUKEE AVE STE 201, LIBERTYVILLE, IL 60048-3217
In care of
% BERNARD I CITRON
Principal officer (990 for 2024)
BRADLEY DENNISON, 800 S MILWAUKEE AVE 201, LIBERTYVILLE, IL 60048
Signed the 990
BRADLEY DENNISON, PRESIDENT
Phone
(847) 263-7478
Return prepared by
PORTE BROWN LLC

Mission

TO PROVIDE DECENT, SAFE AND SANITARY HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE-INCOME PERSONS AND TO STABILIZE AND STRENGTHEN COMMUNITIES BY IMPROVING THE LOCAL HOUSING STOCK. THE CORPORATION SHALL ADMINISTER PROGRAMS THAT REVITALIZE NEIGHBORHOODS AND INCREASE AND PRESERVE AFFORDABLE HOUSING OPTIONS IN THE NORTHERN SECTION OF THE CHICAGO METROPOLITAN STATISTICAL AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • COMMUNITY LAND TRUST AND OTHER COMMUNITY PARTNERS FOR AFFORDABLE HOUSING (CPAH) SUPPORT.
    Expenses $1,276,301 · grants $42,500 · revenue $1,063,721
  • ACQUISITION, REHABILITATION, AND RESALE OF AFFORDABLE HOSUING FOR LOW-TO-MODERATE INCOME HOUSEHOLDS (ARUI).
    Expenses $1,177,430 · revenue $1,345,229
  • OTHER PROGRAM MANAGEMENT (OPM)
    Expenses $118,101
  • IHDA SINGLE FAMILY REHAB, RENTAL HOUSING SUPPORT PROGRAM, OWNER OCCUPIED REHAB (OOR), HOME ACCESSIBILITY PROGRAM (HAP) AND OTHER PROGRAMS.
    Expenses $251,536 · revenue $427,753

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3873457
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20Z)
Assets (IRS master file)
$1,912,484
Income (IRS master file)
$2,855,122

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,855,122$2,867,679$1,912,484XML
990December 2023$3,747,114$3,762,320$2,139,843XML
990December 2022$5,136,647$5,259,476$2,256,048IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3873457).

Questions about AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY

What is the EIN of AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY?
The employer identification number (EIN) of AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY is 36-3873457.
Is AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY?
The 990 for the year ended December 31, 2024 names BRADLEY DENNISON.
Who are the officers and directors of AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $119,400 (BRADLEY DENNISON, PRESIDENT).
How much revenue does AFFORDABLE HOUSING CORPORATION OF LAKE COUNTY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,855,122, expenses of $2,867,679 and total assets of $1,912,484 at year end.

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