Organizations Filed Purposes:
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) THE HATCHERY CHICAGO ILLINOIS, AN ILLINOIS NONPROFIT PUBLIC BENEFIT CORPORATION AND (II) ACCION; (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.
THE ORGANIZATION LEASES COMMERCIAL SPACES TO THE HATCHERY MASTER TENANT LLC, CONSISTENT WITH THE CHARITABLE PURPOSE OF THE ORGANIZATION.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Priscilla Torrece | BOARD MEMBER | 0.5 | $0 |
| John Ramirez | BOARD MEMBER | 0.5 | $0 |
| Marion Moore | BOARD MEMBER | 5 | $0 |
| Brad Mcconnell | SECRETARY | 5 | $0 |
| Steve Debretto | CHAIR | 5 | $0 |
| Linda Darragh | BOARD MEMBER | 0.5 | $0 |
| Joel Bookman | BOARD MEMBER | 0.5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202012329349300926_public.xml