Bickerdike Redevelopment Corporation

Nonprofit profile at a glance

EIN
237087890
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Chicago, IL, USA
Phone
7732785669
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Housing Expense Reduction Support

Official website

Reported finances

Revenue
$4,115,128
Expenses
$5,202,602
Assets
$95,710,737
Liabilities
$785,077

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • CLIFTON JOHNSON (PRESIDENT)
  • MARIA IKA MARTINEZ (VICE-PRESIDENT)
  • RUTH JOY ARUGUETE (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • RUTH JOY ARUGUETE (CHIEF EXECUTIVE OFFICER): $265,997 total reported compensation
  • JOSEPH R DUNNE (VP OF REAL ESTATE): $154,046 total reported compensation
  • AWILDA CALDERON SOSA (VP OF ADMINISTRATION AND OPERATION): $143,946 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bickerdike redevelopment corp is one of the city's oldest community development organizations. The organizations most significant activities are to develop low income housing; to perfrom services for senior citizens and handicapped individuals under the contract with the city of chicago; to provide and manage affordable housing; to provide rent subsidy payments to low income tenants

What it reported doing in 2024

Commercial & asset management - the commercial & asset program is involved with providing a variety of services to the community. We have several commercial spaces which are all leased to operators who provide a wide range of needed services to local residents. One of our commercial spaces is leased for the operation of a fresh market and grocery store that provides easy access for community residents to fresh, healthy foods at reasonable prices, as well as providing jobs to the neighborhood residents through a local employment agreement. Our space known as the California parking lot is leased to a erie family health center that services the local community, providing low cost parking for its employees in an area where parking is scarce. Through our la estancia commercial spaces, we rent space to a day care center serving local families with day care and after school programming; lease space to a local not for profit for the operation of a diabetes prevention program; as well as space for auxiliary classrooms for an alternative high school and through our zapata commercial space we lease space to a non-profit provider of employment and social services. Our asset management activities include oversight and activity related to our interest in the above assets, as well as our quality affordable housing which provides 2,060 units of badly needed affordable housing in our community.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 71
  • Accountability: 100
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.7%; rating input score 90
  • Fundraising efficiency: $3.38 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -26.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 18.4; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 18.5%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 12.1% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 3.3% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 12.8% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89.7% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4.7M in reported program spending
  • Leadership: top reported pay $266K · 20 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $808K reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 17 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.