Tr Boulevard Corp C/o Heitman Capital Management Llc

Nonprofit profile at a glance

EIN
464292164
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Chicago, IL, USA
Phone
3125416764
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Real Estate Associations

Reported finances

Revenue
$1,760,377
Expenses
$0
Assets
$126,290,639
Liabilities
$53,492,176

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

Leadership & pay

3 people listed

Executive titles in this filing

  • JENNIFER L BOSS (PRESIDENT, SECRETARY,& TRE)
  • THOMAS P KELLY (VICE PRESIDENT & SECRETARY)
  • MELANIE VARRATO (VICE PRESIDENT & SECRETARY)

People named in this filing

  • JENNIFER L BOSS (PRESIDENT, SECRETARY,& TRE)
  • THOMAS P KELLY (VICE PRESIDENT & SECRETARY)
  • MELANIE VARRATO (VICE PRESIDENT & SECRETARY)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Attachment 2 attachment 2the corporation is a 501(c)(25) organization. It was organized forthe exclusive purpose of holding title to real property, collectingincome from such property, and remitting the entire amount of incomefrom such property (less expenses) to the shareholder of thiscorporation. The sole shareholder of this corporation is the teachersretirement system of the state of Illinois, which is a tax-exemptpension fund that meets the requirements of section 401(a) of theinternal revenue code as amended, which trusts are exempt fromtaxation under section 501(a) of the code.

What it reported doing in 2024

Not applicable

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 94
  • Sustainability: 2
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • 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; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0.42; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 3 of 3 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Highest-paid contractors: 2 contractors listed · $439K reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 71 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.