LOGAN SQUARE ELDERLY HOUSING CORPORATION

EIN: 363359500 501(c)(3)

CHICAGO, IL

Total Revenue
$943,244
Total Expenses
$908,775
Total Assets
$1,526,710
Net Assets
$-2,230,363
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IL
Principal Officer
HIPOLITO ROLDAN
Phone
3126026500
Tax Period
2023-01-01 to 2023-12-31

LOGAN SQUARE ELDERLY HOUSING CORPORATION, founded in 1988, is a small nonprofit that reported $943K in total revenue in fiscal year 2023. Expenses of $909K left a modest 4% surplus.

Mission

TO PROVIDE SAFE, DECENT AND SANITARY RENTAL HOUSING FOR THE ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $808,218 Revenue: $935,337

THE CORPORATION OPERATES AN APARTMENT COMPLEX IN CHICAGO, IL, OCCUPIED BY THE ELDERLY. THE CO-SPONSORS OF THIS PROJECT ARE HISPANIC HOUSING DEVELOPMENT CORPORATION AND CASA CENTRAL, BOTH OF WHICH ARE...

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THE CORPORATION OPERATES AN APARTMENT COMPLEX IN CHICAGO, IL, OCCUPIED BY THE ELDERLY. THE CO-SPONSORS OF THIS PROJECT ARE HISPANIC HOUSING DEVELOPMENT CORPORATION AND CASA CENTRAL, BOTH OF WHICH ARE TAX EXEMPT ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $935,337
Investment Income $378
Other Revenue $7,529
TOTAL REVENUE $943,244

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,231
Fundraising Expenses $0
Program Expenses $808,218
Other Expenses $613,544
TOTAL EXPENSES $908,775

Year-over-Year Comparison

2023 2022 Change
Revenue $943,244 $901,071 +0.0%
Expenses $908,775 $854,473 +0.1%
Net Income $34,469 $46,598 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$974,297
Total Directors
8
$1,206,434
Key Employees
2
$342,615
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HIPOLITO ROLDAN PRESIDENT 0.20
Officer Director
$0 $66,520 $614,751
PAUL SLADE TREASURER 0.20
Officer Director
$0 $0 $0
STEPHEN PORRAS VP OF BUSINESS DEVELOPMENT 0.20
Director
$0 $31,498 $241,538
MARITZA HERNANDEZ CONTROLLER 0.20
Director
$0 $37,814 $187,526
ANNETTE ZEMLAN DIRECTOR OF PROPERTY MANAG 0.20
Director
$0 $0 $0
HENRY MENDOZA SECRETARY 0.25
Officer Director
$0 $0 $0
SOL FLORES DIRECTOR 0.20
Director
$0 $0 $0
SHERI TUCKER DIRECTOR OF PUBLIC HOUSING 0.20
Director
$0 $10,399 $162,619
LAURA L SELBY CFO, COO 0.20
Officer
$0 $60,457 $359,546
CHRISTIAN RODRIGUEZ VP OF PROPERTY MANAGEMENT 0.20
Key Emp
$0 $26,486 $174,915
EMMANUEL KINARD VICE-PRESIDENT OF ACQUISITION AND ASSET MANAGEMENT 0.20
Key Emp
$0 $23,132 $167,700
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $943,244 $908,775 $1,526,710 $34,469
2022 $901,071 $854,473 $1,422,488 $46,598
2021 $925,444 $842,141 $1,462,496 $83,303
2020 $879,552 $816,021 $1,475,978 $63,531
2019 $844,904 $737,712 $1,434,252 $107,192
2018 $809,209 $876,860 $1,413,375 $-67,651
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