770 L Street Investment Group Inc C/o LaSalle Investment Management

Nonprofit profile at a glance

EIN
522137716
IRS 990 coverage
2011–2013
Forms available
Form 990 2013
Location
Chicago, IL, USA
Phone
3127825800
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Neighborhood, Block Associations

Reported finances

Revenue
$1,639,531
Expenses
$1,579,497
Assets
$121,905
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Kristin L Schneider (PRESIDENT)
  • Allison McFaul (VICE PRESIDENT/SECRETARY)
  • RITA F BRANNON (VICE PRESIDENT/TREASURER)

People named in this filing

  • Kristin L Schneider (PRESIDENT)
  • Allison McFaul (VICE PRESIDENT/SECRETARY)
  • RITA F BRANNON (VICE PRESIDENT/TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose is to acquire real property, hold title to, and collect income from such property and remit the entire amount of the income from such property, less expenses, to its stockholders.

What it reported doing in 2013

770 l street investment group, inc. Is a 501(c)(25) organization. It was organized for the exclusive purpose of acquiring real property, holding title to, and collecting income from such property, and remitting the entire amount of the income from such property (less expenses) to the shareholder of this corporation. The sole shareholder of this corporation is the Alaska permanent fund corporation, which is a tax-exempt organization which meets the requirements of section 501(c)(25)(c). All distributions were paid to the Alaska permanent fund corporation.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 100
  • Accountability: 76
  • Sustainability: 37
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.1%; rating input score 68
  • Program expense ratio: 90.6%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.7%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -33.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -73.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 68.1% of revenue deployed · 90.6% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Highest-paid contractors: 5 contractors listed · $1.2M reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2011 to 2013
  • Contacts: How to reach this organization
  • Related organizations: 39 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Review — Sustainability: Operating margin scored 52/100.