Midwest Community Real Estate Corp

EIN: 363461020 501(c)(3) Community Improvement

New Lenox, IL

Total Revenue
$2,491,364
Total Expenses
$2,195,224
Total Assets
$39,475,707
Net Assets
$-11,054,744
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IL
Principal Officer
Vincent Pryor
Phone
8153007007
Tax Period
2023-10-01 to 2024-09-30

Midwest Community Real Estate Corp, founded in 1985, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 12% surplus.

Mission

Real Estate Management - Midwest Community Real Estate Corporation owns, manages and maintains real estate for affiliated charitable organizations.

Program Service Accomplishments

Program 1
Expenses: $2,165,068 Revenue: $1,877,098

Management and maintenance of office buildings, housing, physician offices, and medical clinics in support of affiliated organizations in furtherance of the organization's charitable purposes.

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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 $1,877,098
Investment Income $501,523
Other Revenue $112,743
TOTAL REVENUE $2,491,364

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,165,068
Other Expenses $2,195,224
TOTAL EXPENSES $2,195,224

Year-over-Year Comparison

2023 2022 Change
Revenue $2,491,364 $2,178,632 +0.1%
Expenses $2,195,224 $2,337,785 -0.1%
Net Income $296,140 $-159,153 -2.9%
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

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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
N/A
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
$3,496,924
Total Directors
4
$3,496,924
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ruth Colby Treasurer (until 10/16/23) 1.00
Officer Director
$0 $64,361 $1,463,100
Vincent Pryor Secretary 1.00
Officer Director
$0 $60,950 $1,048,966
Michael Mutterer Treasurer 1.00
Officer Director
$0 $58,776 $659,292
Kay Novak President 1.00
Officer Director
$0 $54,066 $325,566
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 $2,491,364 $2,195,224 $39,475,707 $296,140
2023 $2,178,632 $2,337,785 $35,061,542 $-159,153
2022 $1,541,719 $2,292,250 $34,527,561 $-750,531
2021 $2,573,184 $2,209,397 $34,160,181 $363,787
2020 $1,970,686 $2,507,644 $24,394,590 $-536,958
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