Bickerdike Redevelopment Corporation 2019 Annual Report Bickerdike Apartments, LLC • Rockwell Community Development, Inc. • BRC Affiliate, Inc.
MISSION
MISIÓN
We,
Nosotros, los miembros de Bickerdike Redevelopment
the members of Bickerdike Redevelopment Corporation, are committed to the redevelopment of West Town, Humboldt Park, Logan Square, Hermosa, and Avondale communities for the benefit of and control by the low and moderate-income families in these areas. We are deeply dedicated to preserving the ethnic and cultural character of our neighborhoods, while improving the economic conditions of the community. We carry out our mission by: providing high quality affordable housing, struggling against gentrification and displacement, promoting economic development by creating and preserving jobs, and advocating for additional resources. In all our endeavors, we are committed to the principles of: honesty, openness, democratic process, education, involvement and empowerment of community residents, self-worth, selfrespect, and pride. Networking with other organizations and stakeholders who share the vision of the community’s collective struggle to control its own destiny is integral to Bickerdike’s mission.
Corporation, estamos comprometidos al desarrollo de las comunidades de West Town, Humboldt Park, Logan Square, Hermosa, y Avondale por y para el beneficio de los residentes de ingresos bajos y moderados de estas áreas. Estamos profundamente dedicados a la preservación de las características étnicas y culturales de nuestros vecindarios y el mejoramiento de las condiciones económicas de la comunidad. Llevamos a cabo nuestra misión a través de proveer viviendas a precios razonables, luchar contra el desplazamiento, promover programas de desarrollo económico a través de la creación y la conservación de empleos en nuestra comunidad y abogar por recursos adicionales. En todos nuestros esfuerzos, estamos comprometidos a los principios de honestidad, el proceso democrático, la educación, el envolvimiento y la autodeterminación de los residentes de la comunidad, la dignidad y el orgullo. Trabajar con organizaciones y otros que comparten la visión de una lucha colectiva para controlar nuestro destino es un componente integral de la misión de Bickerdike.
Annual Report Design: Héctor Cuadra Printing: Salsedo Press Writing and Editing: Joy Aruguete, Libby Juliá-Vázquez, Emma Gonzalez-Roberts Translation: Clorinda Garcia Photography: Mike Jue Photography, TotAlli Vision, Weese Langley Weese Architects LTD, Others
Table of Contents Page 2
Letter from the President and Chief Executive Officer
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Over 50 Years of Community Inspired Development
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A Legacy of Preservation
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Follow The Yellow Brick Sidewalk
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Housing Security and Educational Outcomes
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Supporting Community Services
Page 10 Housing Development Page 11 Property Management Page 12 Community Engagement & Organizing Page 13 Technical Resources Page 14 Who We Are Page 16 Our Partners Page 18 Our Supporters Page 19 Get Involved Page 20 Financial Statement
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Letter From The President & Chief Executive Officer Dear Friends, 2019 has been an outstanding year for Bickerdike, full of productivity and accomplishment! We reaffirmed our 52-year commitment to our original charge – to preserve and redevelop the neighborhoods we serve while improving the economic conditions of the community. We are happy to share the details of our housing development and preservation; property and asset management; and community engagement and organizing work in the pages that follow in this report. This year, we are particularly proud of the accomplishments that reflect our promise to preserve our properties and to stand strong with our residents for decades to come. We completed the rehabilitation of our West Town Housing Preservation Project, which included 318 apartments across 68 buildings on multiple sites. We finished the project on-budget and on-time, and overjoyed residents returned to their homes to find fully renovated apartments with new plank flooring, new doors, energy-saving lighting, water-saving fixtures, new Energy Star appliances and more. This preservation ensures another 30 years of high-quality affordable housing for the families that live there. In 2019, we moved our Emmett Street project forward, which will include 100 affordable apartments right at the Logan Square Blue Line station! Together with our community partners, we are making sure that Logan Square families faced with being priced out of the community will have a home in their neighborhood. We were also awarded tax credits (LIHTC) for the recapitalization and preservation of Victory Apartments, 107 affordable apartments in nine vintage, multi-family buildings in Humboldt Park, West Town and Logan Square. We hope to close on financing and begin construction on each of these two projects in 2020. Additionally, this year we were honored to be selected for the revitalization of Wicker Park Apartments, 225 senior units 2
and approximately 110 newly constructed units, as part of the Bickerdike/ Pennrose/CHA team. More to come in 2020! We moved our property management operation into newly rehabbed office space in the same building, nearly doubling the space from the crowded offices they were occupying, and better serving the residents who live in our 1,094 apartments. Our residents were engaged throughout the year in our community engagement and organizing efforts through our Residents Council, Wellness Club, Youth and Safety Committee, and a host of fun and productive activities. All of our efforts are focused on improving the lives of the low and moderate-income families of Logan Square, Humboldt Park, West Town, Hermosa, and Avondale. These communities continue to face rapid gentrification and rising home prices, displacing working, predominantly Latino and Black families. Our efforts continue, and we won’t give up. ¡No se vende! We’re here to stay! Pa’lante!
Sincerely yours,
Greg Bork President, Board of Directors
Joy Aruguete Chief Executive Officer
Carta del Presidente y La Directora Ejecutiva Queridos amigos: El 2019 ha sido un año extraordinario para Bickerdike, un año lleno de productividad y de logros! Nosotros hemos reafirmado nuestros 52 años de compromiso a nuestro propósito original - el desarrollar y preservar los vecindarios a los que servimos, al mejorar las condiciones económicas de la comunidad. Nosotros estamos felices de compartir con ustedes los detalles de nuestro desarrollos y preservación de nuestras viviendas; administración de propiedades y de bienes raices; y el compromiso comunitario y el trabajo de organizar que realizamos, en las siguientes páginas de este reporte. Este año estamos particularmente orgullosos de los logros que reflejan nuestra promesa de preservar nuestras propiedades y de permanecer firmes junto a nuestros residentes en las décadas a venir. Nosotros completamos la rehabilitación de nuestro projecto West Town Housing Preservation, el cual incluye 318 apartamentos a través de 68 edificios en múltiples sitios. Nosotros finalizamos el proyecto, dentro del presupuesto y a tiempo, y los residentes estuvieron felices de regresar a sus hogares para encontrarse con apartamentos completamente renovados, con pisos nuevos, puertas nuevas, accesorios eléctricos nuevos que conservan energía, plomería que economiza agua, artefactos domésticos nuevos y mucho más. Esta preservación asegura 30 años más de viviendas económicas de alta calidad para las familias que viven allí. En el 2019, nosotros llevamos adelante nuestro nuevo proyecto Emmett Street, el cual incluye 100 apartamentos asequibles en la Estación de la Línea Azul de Logan Square! Juntos, con nuestros socios comunitarios, nos estamos asegurando de que las familias que se están viendo desplazadas por los altos precios del área, tengan un hogar en su vecindario. También nos fueron concedidos créditos de impuestos por la recapitalización y la preservación de Victory Apartments, 107 apartamentos asequibles en 9 edificios multi-familiares en Humboldt Park,
West Town y Logan Square. Nosotros esperamos cerrar el proceso de financiación y comenzar construcción en estos dos proyectos en el 2020. Además este año se nos honró al ser elejidos para la revitalización de los Wicker Park Apartaments, 225 unidades para personas de la tercera edad, como parte del grupo: Bickerdike/Pennrose/CHA. Hay más a venir en el 2020! Nosotros movimos nuestras operaciones de administración de propiedades a nuevas oficinas completamente remodelada en el mismo edificio, multiplicando casi al doble el espacio que ocupaban anteriormente, para poder servir mejor a los residentes que viven en nuestros 1,094 apartamentos. Nuestros residentes estuvieron comprometidos durante el año con nuestro compromiso comunitario, y con nuestros esfuerzos organizativos a través del Concilio de Residentes, el Wellness Club y el Comité Youth and Safety. Todos nuestros esfuerzos están enfocados a mejorar las vidas de las familias de bajos y moderados ingresos de Logan Square, Humboldt Park, West Town, Hermosa y Avondale. Estas comunidades siguen enfrentando precios altos de vivienda, desplazando a familias trabajadoras primordialmente de origen latino y afro-americano. Nuestros esfuerzos continúan y no nos detendremos! No se vende! Estamos aqui para quedarnos! Pa’ lante!
Sinceremente,
Greg Bork Presidente, Mesa Directiva
Joy Aruguete Directora Ejecutiva
Over 50 Years of Community Inspired Development For more than half a century, Bickerdike has been committed to fighting for inclusive and equitable community development. Our commitment to affordable housing development and preservation is rooted in a dark history of disinvestment in communities of color and low-income neighborhoods. For decades, the federal government designated predominantly Latino and Black neighborhoods as ineligible for federal mortgage lending, making it nearly impossible for families of color to become homeowners. As author Ta-Nehisi Coates described in his article, the Case for Reparations, “from the 1930s through the 1960s, black people across the country were largely cut out of the legitimate homemortgage market.” Meanwhile, white homeownership rates soared as they benefited from low interest mortgages insured by the federal government and smaller required 4
down payments on homes. In the late 1960s, Sociologist John McKnight coined the term “redlining” to describe this racist practice that limited who could build wealth through homeownership. The practice of redlining remained legal until the Community Reinvestment Act of 1977 and it continues to have profoundly negative effects on neighborhoods today. The painful legacy of redlining includes deeply segregated neighborhoods, undervalued properties, underfunded schools, and racial disparities in homeownership and wealth. Data from American Community Survey reveals that in 2016 the median wealth of white households was $143,600, $21,420 for Latino households, and just $12,920 for Black households. Bickerdike was established in 1967 by a group of individuals and representatives of local community organizations to
combat housing neglect and abandonment that was the result of discriminatory redlining practices on the northwest side of Chicago. Since our founding, we have developed 2,060 affordable homes for families, and our growing management portfolio includes 1,094 apartments in 139 buildings. Our community development strategies include new construction developments, large-scale preservation and rehabilitations, preventive maintenance, proactive asset management, resident-centered property management, and broad community and resident engagement. Our properties have brought new life to corridors of Chicago, and today in the face of gentrification, displacement and housing instability. Our work helps ensure that families can stay in the communities they have long called home.
A Legacy of Preservation Bickerdike preserves what we build. In the affordable housing field, preservation often refers to a process that occurs after a property’s fifteenth year, when an investment partner leaves and a property is recapitalized. At Bickerdike, we employ preservation strategies throughout the life of a property, and recapitalize and rehabilitate when required. The preservation and greening of existing buildings, particularly in affordable housing, is a sensible and effective approach to long term sustainability, both with regards to affordability and our environment. We deploy preventive maintenance and capital improvement strategies to keep our properties in good condition and in healthy operation. When a recapitalization and rehabilitation of an older property is required, we pursue those strategies. The stories below share two recent successes in our preservation strategy, as well as plans for the future.
Past success: 1704 N. Humboldt In 1988, Bickerdike purchased this 1920s historic courtyard building, converting it from 54 studios to 29 family sized affordable apartments. By 2014, after decades of use, the development was in need of upgrades and improvements. Throughout the planned rehabilitation, we wove environmentally sustainable design such as high efficiency HVAC systems, water saving devices and fixtures, and solar
thermal water systems. Today, 1704 N. Humboldt is a model for affordable housing energy efficiency, and historic preservation.
2019 Accomplishment: West Town Housing Preservation West Town Housing Preservation (WTHP) includes 318 apartments across 60 two-story brick townhome buildings and 8 vintage three-story brick walk-up apartment buildings. WTHP was originally built in two phases in 1982 and 1988. After over 30 years of normal wear and tear, the properties were in need of substantial renovations. The two phases were combined into a single project, and a phased construction schedule took place over a period of two years and resulted in the renovation of all 318 units by June 2019. Long-time residents returned to their homes to find new plank flooring, new doors, energy-saving lighting fixtures, water-saving plumbing, and updated appliances. These green building practices lower energy and resource consumption, minimize moisture in units, heighten air ventilation, and prevent pest infestation.
Looking to the Future: Victory Apartments Victory Apartments includes 107 affordable apartments in 9 scattered site buildings located in Humboldt Park, West Town and Logan Square. Constructed between 1893 and 1929, these vintage buildings were originally purchased and renovated by Bickerdike in 1990. Victory Apartments provides quality affordable housing to 372 residents, and ensures these many long term, low and moderate income families can remain in these rapidly developing neighborhoods. These multifamily buildings and their apartments are now in need of significant renovations after 30 years of normal wear and tear. In May 2019, we were delighted to have received an award of Low Income Housing Tax Credits (LIHTC) from the Illinois Housing Development Authority to provide core financing to the project. We are working to assemble the remainder of the financing and anticipate closing on financing and beginning construction in late spring/early summer of 2020.
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Follow The Yellow Brick Sidewalk One hundred and twenty years ago, L. Frank Baum lived in Chicago, on the corner of Wabansia and Humboldt Boulevard, and wrote the beloved book, The Wonderful Wizard of Oz. Mr. Baum came up with the idea for the book while telling stories to children in Humboldt Park. In the 1950s the building was demolished and Bickerdike built one of the townhome buildings in our West Town Housing Preservation development on the site. To commemorate this world renowned author and the importance of the story and its connection to home, in the fall of 2019, Bickerdike began the installation of a yellow brick sidewalk along Humboldt Boulevard and Wabansia. In addition to the yellow bricks, a curved cast concrete mural wall was installed at the corner. At 11 feet long and standing 5 feet high, it is bannered with the title “There’s No Place Like Home”. It will eventually display a tile mosaic which is being created by Chicago muralist Hector Duarte, in conjunction with the Chicago Public Art Group. The tile mosaic is being assembled in Duarte’s Pilsen studio, and will be installed on site in early spring 2020. This project is meaningful for the West Town Housing Preservation development because the theme, “There’s No Place Like Home”, which was central to Mr. Baum’s story, resonates with the many families and individuals that face housing instability 6
due to rising housing costs. Now, over a century after Mr. Baum called Humboldt Park home, the location at Humboldt & Wabansia is home to nine families. Bickerdike considers the incorporation of art into our housing as a benefit to the residents who live there as well as the community at large. Beautification, in the way of art, is a way to increase people’s sense of investment in the community. The art commemorates important things about the community and the project, and it can be a vehicle for community engagement. We are delighted at the opportunity to bring art to our West Town Housing Preservation project and connect it to such an important author and the story of home that people young and old have enjoyed for over a century. Other Bickerdike art projects have included tile mosaics at our Harold Washington Unity and Rosa Parks Apartments developments, as well as wall hung paintings by neighborhood students at our Zapata Apartments project.
Housing Security & Educational Outcomes The Impact of Housing Insecurity on Educational Outcomes, a 2018 study by the Minnesota Office of Higher Education, found that while in high school, housing-insecure students exhibited lower educational achievement and graduation rates, 52 percent compared to 76 percent housing-secure students. When people can afford to stay in their homes, they pursue other life goals—family, career, education, and health. Children avoid the months of academic progress that research says is lost every time they move. Through our residents, we’ve seen anecdotal evidence that housing security indeed makes a difference in educational outcomes. Antoinitta Hall, a single mother of four and long-term Bickerdike resident, sent her eldest daughter Sequoia off to Northeastern University this fall. Her three other children, Asiah, Robert and Jaymiah, all attend different schools and are involved in a variety of extracurricular activities. Marisol Roman is the daughter of West Town Housing Preservation resident, Marta Ortiz. She recently graduated from a bank employment training program, and is now seeking employment in the banking industry. For Marisol, this is just the beginning. She is excited about all that the future holds for her.
In addition to their educational pursuits, both families are involved in their communities and engaged with Bickerdike and their neighbors. While still in high school, Sequoia often accompanied her mother to On the Table discussions, sharing her perspective as a young person with a group of adults. Marta is a vocal advocate of affordable housing, often attending public hearings with Marisol to show their support for Bickerdike’s work. A stable home provides more than a bed in which to sleep. It provides individuals with a sense of stability and self. A confidence that assures them that their dreams are within reach.
Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family. ~Kofi Annan
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Supporting Community Services Bickerdike’s revitalization efforts include reinvestment into our neighborhoods and the local economy. Through our property management and construction activities, millions of dollars are spent locally, back into the communities we serve, by using local suppliers and contractors wherever possible. Bickerdike not only provides high quality affordable housing in neighborhoods where rents and property taxes are steadily increasing, we also strive to provide space for local community service organizations so they can remain near the people they serve. In our La Estancia building, we continue to provide space for the Puerto Rican Cultural Center, a grassroots, educational, health, and cultural services organization, for the Pedro
La Estancia ‑ Chicago Youth Centers 8
Zapata Apartments-Center for Changing Lives
Albizu Campos high school and the Diabetes Empowerment Center, which provides health educational programming and fitness classes. Other La Estancia commercial tenants include Chicago Youth Centers (CYC) Centro Nuestro who works to equalize access to high quality youth development programs for children living in Chicago’s divested communities, and runs a daycare center in two spaces in one of the buildings. The commercial space in one of our Zapata Apartments locations is occupied by the Center for Changing Lives, an organization that provides employment assistance and programming. These organizations not only serve the community at large, but have also been partners in our work.
Cermak Produce
Our partnership with Bickerdike has helped us provide residents in and around the Humboldt Park neighborhood with quality and diverse products for over 25 years. We look forward to continue serving the community for years to come. ~ Frank Mondane, Owner
Bickerdike’s commitment to our communities not only provides affordable housing to the low-and-moderate income families we serve, but our long-term investment extends to the local business ecosystem as well. In 1992, we developed the El Mercado, a public fresh food market with Cermak Produce, a locally based independent grocer, as our anchor business. Through its partnership with Bickerdike, Cermak Produce has grown into a thriving, well‑stocked supermarket carrying high-quality, culturally-relevant products and employing approximately 50 local residents.
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Housing Development West Town Housing Preservation
Phase Completed Rehabilitation in June 2019 Location West Town, Humboldt Park, and Logan Square Units/Buildings 318 apartments across 68 buildings
Lathrop Phase 1A
Phase Completed in September 2019 Location North Center and Lincoln Park Units/Buildings 414 apartments across 17 buildings
Wicker Park Apartments
Victory Apartments Preservation
Phase Pre-development; expected to begin rehabilitation March 2020
Location Humboldt Park, West Town & Logan Square Units/Buildings 107 apartments across 9 buildings
Magid Glove (as proposed)
Phase Pre-development Location West Town Units/Buildings 225 apartments of senior housing, approx. 110 units of family housing
Phase Pre-development Location Logan Square Units/Buildings 153 apartments across 3 buildings
Emmett Street TOD
Phase Pre-development; expected to begin construction April 2020
Location Logan Square Units/Buildings 100 units in 1 building In 2019, we made tremendous progress toward the development of the Emmett Street equitable Transit-Oriented Development (TOD), at the Logan Square Blue Line station. In April, we held a town hall meeting in partnership with Alderman Carlos Ramirez-Rosa to present and discuss the project with community residents. Over 500 people attended the meeting and a vote on the project was taken at the end of the meeting. As tallied, 77% voted in favor of the project. During the fall, we gained approvals from the Plan Commission, the Community Development Commission, and the Zoning Committee, which all passed in City Council. We expect that with the continued resounding support of the local alderman, community-based organizations, and residents, we will receive all the required approvals and break ground in 2020.
Property Management A Response to Growth
Commitment to Education
Over the years, as we have continued to develop new properties, our property management portfolio has grown. To meet the demands of our expanded portfolio, and resident population, we have added staff, resulting in a need for more office space. In 2019 we rehabbed an adjacent, larger space in our building to meet that demand as well as plan for our future growth. Staff moved their new offices in mid-October.
Education and training helps staff stay updated on the most current information about industry best practices and policies that affect the rental and management of affordable housing, as well as the effective maintenance of environmentally sustainable systems.
The new office is just two doors west at 2556 W. North Avenue. It features a bright and spacious waiting room with a kid’s play area, large storefront windows, new energy efficient HVAC, ergonomic work spaces, additional private interview rooms, conference rooms, and features to ensure the comfort of all of our visitors.
This year our maintenance staff participated in training in order to familiarize themselves with the updated systems of our latest rehab project, West Town Housing Preservation. They also participated in Occupational Safety and Health Administration (OSHA) to ensure safety at work and a healthful work environment.
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Community Engagement And Organizing Residents Council The Bickerdike Residents Council is comprised of representatives from Bickerdike’s 21 geographical housing clusters who represent the interests and concerns of residents who live in Bickerdike properties. In addition to coordinating and hosting events such as the family day outing, movie nights, and the annual Family Holiday Fest, they are also engaged in the improvement and safety of the community around them by volunteering at events, and advocating for affordable housing through engagement at City Hall as well as other meetings. Bickerdike’s Residents Council maintains two way communications with property management about issues ranging from rule enforcement, to maintenance needs, to safety and security concerns. A network of other volunteer committees builds ties among residents and neighbors, develops leaders, and establishes a solid base for participating in other local and citywide coalitions for change.
A Community of Wellness Since 2016 Bickerdike’s Wellness & Walking Club has thrived. Since its first anniversary, the Club has been a way to ensure that residents from the 305 Bickerdike-owned apartments that are within a two block proximity to the trail, are able to take advantage of its offerings. It has also been a way to address the high obesity rates of both children and adults in Humboldt Park. Three years later, the now named Bickerdike Wellness Club, has expanded its offerings to cover a variety of topics important to the overall health of its members. Since April many participants attended health education seminars, dance lessons, cooking demos, yoga and Zumba classes. The classes are open to Bickerdike members and the community alike.
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Bickerdike’s Wellness Club
Technical Resources Garden Committee
An Information Resource for the Humboldt Park Community
Bickerdike’s Garden Committee works tirelessly to maintain our two community gardens as beautiful open spaces. The Committee not only sews a garden of beautiful flowers and plantings, but also engages in urban organic farming of fruits and vegetables that are shared with residents and neighbors. Additionally, they host the popular annual event, Movies in the Garden. Now in its eighth year, this year’s event was a true community collaboration, with 26th Ward Alderman Roberto Maldonado’s office joining staff and committee members as hosts of the event.
It’s been nearly a decade since the Humboldt Park Portal was launched. Though the site was upgraded two years ago, the mission of the Portal remains that it is the locally controlled information center powered by and for the community it was created to be. Local residents and organizations continue to submit news and events that are then shared via a weekly newsletter and various social media platforms, keeping the Humboldt Park community engaged and informed. Yoga class
Assisting Seniors to Live Independently Bickerdike continues to serve as a delegate agency for the City of Chicago’s Small Accessible Repairs for Seniors (SARFS) program. For more than thirty years, we have been carrying out smaller scale improvements, repairs and accessibility adaptations on seniors’ homes so they can live more independently.
The event was a huge success, and over 100 adults and children filled the garden, which overflowed with community members who occupied the sidewalks in order to enjoy the movie. A great time was had by all, and we look forward to more garden event opportunities throughout the year.
TACOM
Movies in the Garden
Bickerdike shares it’s over five decades of expertise on a variety of housing issues with local landlords, renters, homeowners, and community-based organizations. We offer advice on property taxes, the building permit application process, zoning laws, foreclosures, and credit repair, among others. When necessary, we point people to specialists in those areas so they receive the most accurate and up-to-date information. In 2019, we helped over 70 individuals. Bickerdike Redevelopment Corporation 13
Who We Are: Board And Staff Board Bickerdike’s 15-member community connected Board of Directors governs all aspects of the organization. They engage in policy setting, financial oversight, and programmatic direction. Our Board ensures that we are carrying out our mission and that local residents have a voice in the development of the community.
Board of Directors
Staff Bickerdike employs a communityhiring preference to foster local economic development, creating employment opportunities for local residents.
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Main Office Staff
Staff (cont) Three quarters of our employees are residents of the neighborhoods we serve, and a number live in our housing.
Property Management Staff
Maintenance Staff
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Our Partners DEVELOPMENT FINANCING Mortgage and Predevelopment Financing AFL CIO Bank of America, N.A. Bellwether Enterprise Berkadia Commercial Mortgage BMO Harris Bank BNY Mellon Citibank, N.A. Chicago Housing Authority Chicago Low Income Housing Trust Fund City of Chicago Department of Planning and Development City of Chicago Department of Housing Enterprise Community Loan Fund, Inc. Federal Home Loan Bank of Chicago IFF Illinois Housing Development Authority Local Initiatives Support Corp. (LISC) Midland Loan Services PNC Bank N.A. U.S. Department of Housing and Urban Development US Bank, N.A. Wells Fargo Bank, N.A. Equity Financing Bank of America, N.A. Enterprise Community Investment, Inc. National Equity Fund, Inc.
BANKING Bank of America, N.A. BMO Harris Bank, N.A.
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Citibank, N.A. Fifth Third Bank Folio Investment, Inc. JP Morgan Chase LPL Financial Northern Trust Corporation Great Lakes Federal Credit Union PNC Bank N.A. US Bank, N.A. Wells Fargo Bank, N.A Wintrust Bank
TECHNICAL CONSULTANTS Architectural Design Bridge Ltd. Harley Ellis Devereaux Landon Bone Baker Architects, Ltd. Lisec Architects WRAP Architecture Accounting Mitchell & Titus LLP Novogradac & Company LLP RubinBrown LLP Legal Applegate & Thorne-Thomsen, P.C. Barnes & Thornburg LLP Halsted Law Group Madigan & Getzendanner Sanford Kahn, Ltd. Technical and Educational Service 14th District Chicago Police Department A-Arrow Sewage & Drainage Inc.
ADP. LLC ABT Temporary Services, Inc. American Marketing Services, Inc. Amberleaf Cabinetry Better Business Planning Bittner Construction Blackwood Group LLC Building Permits, Inc. Calor Design Group, Limited Center for Changing Lives Center for Neighborhood Technology Chicago Community Loan Fund Chicago Public Art Group Chicago Rehab Network Chicago Youth Centers Christopher Balboa Jr. Connections Control Inc. Daniel A. Cotter Boys & Girls Club Diorio’s Plumbing & Sewage ETS Technology Solutions Elevate Energy Elevation Web Enterprise Community Partners-Green Communities Estes Construction Inc. Framework Communications Franklin Energy Friends of the Chicago River Genesis Technologies Gorda, Rosa & Parks Greater Illinois Title Company Greater West Town Project Gremley & Biedermann Hector Duarte
Hispanic American Construction Industry Association (HACIA) Hispanic Housing Development Corporation Hurndon and Hill Consultants James F. Davis & Associates La Casa Norte Lendlease L-Evated Chicago Linn-Mathes Inc. Logan Square Chamber of Commerce Logan Square Ecumenical Alliance Logan Square Neighborhood Association (LSNA) Logan Square Preservation Lozada Carpet Installations LUCHA MK Communications MRI Software Mr. Brick Mr. Porch Multivista MYL Cleaning Inc. Nationwide Financial Company Neighborhood Housing Services North-Grand High School Northwest Side Housing Center Pagan Security Consultants Pest Management Services Pioneer Engineering & Environmental Services Puerto Rican Cultural Center RealPage, Inc. OneSite Reputation Partners, LLC Responsible Investment Group, LLC/LPL Financial
Rework Inc. Salsedo Press Sentry Safety Solutions Smithereen Pest Management Services SEIU Local 1 TACT-1 LLC The Alford Group The Home Depot The Inspection Group The Puerto Rican Agenda of Chicago Title Services, Inc. USI Insurance Services, LLC Valerie S. Kretchmer Associates, Inc. Verizon VEC Inc. West Humboldt Park Development Council West Town Bikes
DEVELOPMENT PARTNERS Heartland Housing Pennrose, LLC Related Midwest
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Our Supporters FOUNDATIONS AND CORPORATIONS
City Hall
West Town Bikes Volunteers 18
Alexander Movers Amazon Smile Bittner Construction Bank of America BMO Harris Capital One CIBC Bank Enterprise Community Partners Frameworks Greater Green Bay Community Foundation Gremley & Biedermann Land Surveyors Halsted Law Group Landon Bone Baker Architects Linn-Mathes Inc. Madigan & Getzendanner Matthews Roofing Mr. Brick MYL Cleaning National Equity Fund Northern Trust Charitable Trust PNC Real Estate Polk Bros Foundation RubinBrown, LLP Six Flags Great America Supreme Laundry Service, LLC Tact 1, LLC The Benevity Community Impact Fund The Chicago Community Trust Urban Relocation Services US Bank Wells Fargo WP & HB White Foundation
GOVERNMENT
IN-KIND
City of Chicago Department of Housing
14th District CAPS Department 26th Ward Alderman Roberto Maldonado Amberleaf Cabinetry Greg & Paula Bork Chicago Bears Chicago Dance Chicago Wolves Cigna Héctor Cuadra Eli’s Cheesecake Chicago John Garcia Genesis Technologies Edward Goesel Erica Grant Herrera Landscape MYL Cleaning Inc. Jackie Padilla Revolution Brewing Rockford Ice Hogs Shedd Aquarium Trust for Public Land Veronica Perez Women of Vision
INDIVIDUALS Joy Aruguete Gregory Bork, Jr. Andrea Ruiz Adriana Balvaneda Alfredo Calixto Clifton Johnson Libby Juliá-Vázquez Pamela King Maria Kronfeld Kevin Longstreth Reyna Luna Raul Morales Jose Martinez Dr. David Neely, MD Paul Oetter Diane Spires Santiago Sanchez Tykecia Taylor Alexander Wilson
GARDEN VOLUNTEER GROUPS Americorp UIC College Prep West Town Bikes ASM Summer Youth Program
Get Involved MEMBERSHIP Have a voice in our work by becoming a Bickerdike member! Our voting membership is central to who we are. Members attend our Annual Membership meeting, where they vote to elect other members to our Board of Directors, our governing body. Members also participate in community-building and other volunteer engagement and events in the community.
Donate Do you want to be a part of keeping Chicago’s northwest side vibrant, affordable, and communityled? Bickerdike has been the prime leader on these issues for 52 years. As gentrification accelerates, we need your help more than ever. Visit our website and click DONATE to make a contribution. For
Bickerdike Redevelopment Corporation 2550 West North Avenue Chicago, IL 60647 773.278.5669
other payment methods, please reach out to us at information@bickerdike.org. Your generous support helps families, and our communities as a whole, thrive.
SOCIAL MEDIA AND WEBSITE Follow us! Our Facebook, Instagram and Twitter
www.bickerdike.org Bickerdike Apartments 773.227.6332
pages offer real-time updates on Bickerdike’s work at @BickerdikeRC. You can also visit our website at www.bickerdike.org. Bickerdike Redevelopment Corporation 19
Financial Statement Bickerdike Redevelopment Corporation Statement of Financial Position September 30, 2019 ASSETS Current Assets All Funds: Cash & Cash Equivalents . . . . . . . . . . $9,276,269 Accounts Receivable & Others . . . . . . . . . . . . $6,775,641 Total Current Assets . . . . . . . . . . . . . $16,051,910 Fixed Assets Land, Net Building, Office Furniture & Equipment . . . . 1,346,414 Total Fixed Assets . . . . . . . . . . . . . . $1,346,414 Other Assets Other Investment & Partnership . . . . . . . . . . . . $5,781,362 Note Receivable & Others . . . . . . . . . . . . . . $53,204,366 Predevelopment Cost/Other Land . . . . . . . . . . . . $833,201 Total Other Assets . . . . . . . . . . . . . $59,818,929 TOTAL ASSETS . . . . . . . . . . . . . . . $77,217,253 LIABILITIES and NET ASSETS Current Liabilities Accounts Payable . . . . . . . . . . . . . . . . . . . . $101,413 Accrued Expenses & Others . . . . . . . . . . . . . . . $825,019 Total Current Liabilities . . . . . . . . . . . . . $926,432 Other Liabilities Long-Term Debt . . . . . . . . . . . . . . . . . . . . $3,041,468 Total Other Liabilities . . . . . . . . . . . . . $3,041,468 TOTAL LIABILITIES . . . . . . . . . . . . . . $3,967,900 Net Assets Without restrictions as of December 31, 2018 . . . . . . $71,816,682 With Donor Restrictions as of December 31, 2018 . . . . $1,326,497 Excess of Revenue over (Under) Expenses . . . . . . . . . $106,174 Net Assets As of September 30, 2019 . . . . $73,249,353 TOTAL LIABILITIES AND NET ASSETS . . . . . $77,217,253 20
Note: Unaudited Statement of Financial Position as of September 30, 2019
Bickerdike Redevelopment Corporation 21
