THE HATCHERY TITLE HOLDING CORPORATION NFP

EIN: 823344288 Community Improvement

CHICAGO, IL

Total Revenue
$277,664
Total Expenses
$1,194,861
Total Assets
$25,435,520
Net Assets
$-4,147,707
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
IL
Principal Officer
BRAD MCCONNELL
Phone
3122758450
Tax Period
2024-01-01 to 2024-12-31

THE HATCHERY TITLE HOLDING CORPORATION NFP, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2018. The organization ran a surplus of $1.1M, a strong 99% operating margin.

Mission

THE ORGANIZATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE ACTIVITIES (A) TO ACQUIRE AND HOLD TITLE TO CERTAIN REAL PROPERTY LOCATED AT 135 N. KEDZIE, CHICAGO, ILLINOIS 60612 (THE "PROPERTY"); (B) TO BORROWER FUNDS AND IMPROVE THE PROPERTY; (C) TO LEASE THE PROPERTY TO THE HATCHERY MASTER TENANT LLC (THE "MASTER TENANT") AND THE MASTER TENANT WILL IN TURN SUBLEASE THE PROPERTY TO (I) INDUSTRIAL COUNCIL OF NEARWEST CHICAGO AND (II) ALLIES FOR COMMUNITY BUSINESS; (D) TO COLLECT INCOME FROM THE MASTER TENANT FOR THE PROPERTY; (E) TO PAY CERTAIN EXPENSES FOR THE PROPERTY INCLUDING DEBT SERVICE AND APPROPRIATE RESERVES; AND (F) TO REMIT THE ENTIRE AMOUNT OF SUCH INCOME IN ANNUAL DISTRIBUTIONS, LESS SUCH EXPENSES, TO ITS MEMBERS, WHICH SHALL ALL BE ILLINOIS NONPROFIT PUBLIC BENEFIT CORPORATIONS RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE CODE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $277,348
Investment Income $316
Other Revenue $0
TOTAL REVENUE $277,664

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,072,826
Other Expenses $1,194,861
TOTAL EXPENSES $1,194,861

Year-over-Year Comparison

2024 2023 Change
Revenue $277,664 $277,408 +0.0%
Expenses $1,194,861 $1,191,244 +0.0%
Net Income $-917,197 $-913,836 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL BOOKMAN BOARD MEMBER 0.50
Director
$0 $0 $0
LINDA DARRAGH BOARD MEMBER 0.50
Director
$0 $0 $0
STEVE DEBRETTO CHAIR 5.00
Director
$0 $0 $0
BRAD MCCONNELL SECRETARY 5.00
Director
$0 $0 $0
MARION MOORE BOARD MEMBER 5.00
Director
$0 $0 $0
JOHN RAMIREZ BOARD MEMBER 0.50
Director
$0 $0 $0
PRISCILLA TORRECE BOARD MEMBER 0.50
Director
$0 $0 $0
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 $277,664 $1,194,861 $25,435,520 $-917,197
2023 $277,408 $1,191,244 $26,352,717 $-913,836
2022 $277,445 $1,191,435 $27,266,553 $-913,990
2021 $402,497 $1,189,788 $28,180,543 $-787,291
2020 $277,823 $1,188,861 $28,974,334 $-911,038
2019 $281,587 $1,086,735 $29,878,872 $-805,148
2018 $1,108,906 $8,113 $37,389,291 $1,100,793
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