CHICAGO TABERNACLE TITLE HOLDING CORPORATION NFP

EIN: 473695502

CHICAGO, IL

Total Revenue
$207,781
Total Expenses
$661,234
Total Assets
$8,144,731
Net Assets
$-1,598,458
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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
2015
Legal Domicile
IL
Principal Officer
ALBERT TOLEDO
Phone
7735837344
Tax Period
2020-07-01 to 2021-06-30

CHICAGO TABERNACLE TITLE HOLDING CORPORATION NFP, founded in 2015, is a small nonprofit that reported $208K in total revenue in fiscal year 2020. Expenses of $661K exceeded revenue, resulting in a 218% operating deficit.

Mission

CHICAGO TABERNACLE TITLE HOLDING CORPORATION (CTTHC) WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO THE CHURCH LAND AND BUILDING LOCATED AT 3215-3233 N. CICERO AVENUE, CHICAGO, ILLINOIS (3231 CICERO), RENTING THE PROPERTY TO CHICAGO TABERNACLE OF THE ASSEMBLIES OF GOD (CTAOG), PAYING DEBT SERVICE AND EXPENSES RELATING TO THE PROPERTY, AND REMITTING ALL REMAINING PROCEEDS TO CTAOG.

Program Service Accomplishments

Program 1

CHICAGO TABERNACLE TITLE HOLDING CORPORATION (CTTHC) WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO THE CHURCH LAND AND BUILDING LOCATED AT 3215-3233 N. CICERO AVENUE, CHICAGO, ILLINOIS...

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CHICAGO TABERNACLE TITLE HOLDING CORPORATION (CTTHC) WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO THE CHURCH LAND AND BUILDING LOCATED AT 3215-3233 N. CICERO AVENUE, CHICAGO, ILLINOIS (3231 CICERO), RENTING THE PROPERTY TO CHICAGO TABERNACLE OF THE ASSEMBLIES OF GOD (CTAOG), PAYING DEBT SERVICE AND EXPENSES RELATING TO THE PROPERTY, AND REMITTING ALL REMAINING PROCEEDS TO CTAOG.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $206,000
Investment Income $1,781
Other Revenue $0
TOTAL REVENUE $207,781

Expense Breakdown

Grants Paid $85,532
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $575,702
TOTAL EXPENSES $661,234

Year-over-Year Comparison

2020 2019 Change
Revenue $207,781 $205,000 +0.0%
Expenses $661,234 $491,511 +0.3%
Net Income $-453,453 $-286,511 +0.6%
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
1
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
2
$158,790
Total Directors
3
$158,790
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN SEARLS BOARD MEMBER 0.50
Director
$0 $0 $0
ALBERT TOLEDO BOARD MEMBER, CTAOG LEAD PASTOR 0.50
Officer Director
$0 $0 $106,290
JOSH LEBLANC BOARD MEMBER, CTAOG ASSOC. PASTOR 0.50
Officer Director
$0 $0 $52,500
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
2021 $207,781 $661,234 $8,144,731 $-453,453
2021 $1,598,458 No data No data No data
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