2025-05-15T15:25:26-07:00 2024-06-30 010672939 Paul J Smit & Associates 3330 181st Pl Ste 204 Lansing IL 60438 990 2023-07-01 366111317 Lake Park Associates Inc LAKE 7739550200 5235 S Harper Court Suite 900 Chicago IL 60615 Jennie Bennett Vice President 2025-05-15 true true Paul Smit P00669815 7088891099 2023 2025-03-06 01:10:19Z Christian Mitchell 5235 S Harper Court Suite 900 Chicago IL 60615 7890001 false X N/A X 1963 IL Lake Park Associates acquires, sells, holds, manages and leases real property for the benefit of The University of Chicago. 5 0 0 0 1665187 0 7517770 7112508 5656 158148 0 9188613 7270656 0 0 0 0 0 8698553 10129299 8698553 10129299 490060 -2858643 82734529 81543784 2405283 2886337 80329246 78657447 Lake Park Associates acquires, sells, holds, manages and leases real property for the benefit of The University of Chicago. false false Program service expenses relating to the cost of managing real property for the benefit of the University of Chicago. false false false false false false false false false true false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false true false false true 27 0 true 0 false false false false false false false false X 5 0 false true false false true true true true true false false true false false false true true false X Mid-America Asset Management Inc 7739550200 5235 S Harper Court Chicago IL 60615 Mary Frances McCourt President 1.00 40.00 X X 0 1576346 63249 Kimberly Taylor VP & Secretary 1.00 40.00 X X 0 905630 207793 Michele Rasmussen Director 1.00 40.00 X 0 733721 39169 Lori Berko Director 1.00 40.00 X 0 524718 41989 Katie Callow-Wright Vice President 1.00 40.00 X X 0 490707 66955 Christian Mitchell President 1.00 40.00 X X 0 453317 37932 Angelica Marks VP & Treasurer 1.00 40.00 X X 0 349516 59210 Robert Rush Asst Secretary 1.00 40.00 X 0 276208 23733 5310163 540030 0 false true false 0 0 RENTAL INCOME 7112508 7112508 7112508 3493 3493 0 0 0 774000 619345 154655 154655 154655 0 0 0 COST REIMB&OTHER REV 0 7270656 7112508 158148 X 0 0 0 0 0 0 0 0 0 0 157589 0 0 0 0 0 1076051 0 0 0 0 405806 0 0 0 0 0 3319118 194841 Affiliate expenses 1636100 Repair and maintenance 1563969 REAL ESTATE TAX 1435982 Recovery expense-Kimbark 105008 234835 10129299 0 0 0 8731475 9490161 0 0 1284517 1404675 0 0 0 0 115571 80526 117110782 47561236 71500010 69549546 0 0 0 0 1102956 1018876 82734529 81543784 1926435 2451400 325456 287900 153392 147037 2405283 2886337 X 80329246 78657447 80329246 78657447 82734529 81543784 X -2858643 1186844 X false false false 36507423 36507423 76760144 44688470 32071674 2975654 2872766 102888 867561 867561 69549546 Tenant security deposits 147037 147037 X Part X : FIN48 Footnote Lake Park Associates, Inc. was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(2). The tax exempt purpose of Lake Park Associates, Inc. and the nature in which it operates are described in Part III Note 1 of the IRS Form 990 (Page 2 of 990). Lake Park Associates, Inc. continues to operate in compliance with its tax exempt purpose. Lake Park Associate Inc.'s annual information return filed with the federal government is subject to examination for the statutory period. Lake Park Associates, Inc. had no material uncertain tax positions and as proscribed by FIN 48, a footnote was not required in the compiled financial statements. false false false Angelica Marks VP & Treasurer 303562 45954 26400 32810 408726 Christian Mitchell President 444317 9000 26400 11532 491249 Katie Callow-Wright Vice President 419851 67068 3788 26400 40555 557662 Kimberly Taylor VP & Secretary 832750 62573 10307 26400 181393 1113423 Lori Berko Director 475526 47500 1692 26400 15589 566707 Mary Frances McCourt President 932619 113906 529821 26400 36849 1639595 Michele Rasmussen Director 597576 132597 3548 26400 12769 772890 Robert Rush Asst Secretary 276208 22217 1516 299941 Form 990, Part VI, Section A, Line 3 Lake Park Associates, Inc. has contracted with McCaffery Interests, Inc. to manage properties. Property management services provided include, but are not limited to, the following: providing accounting and bookkeeping services such as billing and collection of rent, payment of all bills, reconciliation of bank accounts; lease negotiation and execution with tenants; property (site) management services including hiring of security services; securing new tenants when applicable; subcontracting out of property repair and maintenance services and managing these contracts and projects. Form 990, Part VI, Section A, Line 6 The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago. Form 990, Part VI, Section A, Line 7a The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago. Form 990, Part VI, Section A, Line 7b The University of Chicago is the sole shareholder of Lake Park Associates. The officers of Lake Park Associates are elected by the Board. The decisions of the officers of Lake Park Associates are subject to the approval of the University of Chicago. Form 990, Part VI, Section B, Line 11b A copy of the Form 990 was sent to the officers of the Lake Park Associates before the Form 990 was filed. Form 990, Part VI, Section B, Line 12c The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago has a written conflict of interest policy and the officers of Lake Park Associates are required to complete the conflict of interest questionnaire, which includes all related organizations including Lake Park Associates, and comply with the University of Chicago's conflict of interest policy. Form 990, Part VI, Section B, Line 15a Lake Park Associates, Inc. does not have any employees. The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago does have a review and approval process in place for determining compensation of officers and key employees. Form 990, Part VI, Section B, Line 15b Lake Park Associates, Inc. does not have any employees. The officers of Lake Park Associates are employees of the University of Chicago. The University of Chicago does have a review and approval process in place for determining compensation of officers and key employees. Form 990, Part VI, Section C, Line 19 Lake Park Associates complies with Federal and Illinois public disclosure requirements with respect to governing documents, policies and financial statements. Lake Park Associates' policy is to fulfill all requests for the forms made in writing or in person by providing a printed copy of the requested document. Form 990, Part XI, Line 9 Contribution from stockholder = $1186844 Form 990, Part VI, Section B 15A and 15B The officers and board members of Lake Park Associates are not compensated by Lake Park Associates. They are employees of the University of Chicago, the controlling organization. The University of Chicago does review their compensation as officers of the University. Form 990, Part VI, Section B, Line 13 Lake Park Associates, Inc. does not have any employees. The employees who are officers and directors of Lake Park Associates are University of Chicago employees. The University of Chicago has a written whistleblower policy that is applicable to all employees. University of Chicago 5801 S Ellis Avenue Chicago IL 60637 362177139 Education and Research IL 501(c)(3) Line 2 N/A false UniversityofChicago CancerResearch Fndtn 5801 S Ellis Ave Chicago IL 60637 366056201 Supporting research IL 501(c)(3) Line 12A, I University of Chicago false University of Chicago Property Hldg Crp 5801 S Ellis Ave Chicago IL 60637 366108743 Property holding IL 501(c)(2) University of Chicago false ARCH Development Corporation 5555 S Woodlawn Ave Chicago IL 60637 363485244 Technology transfer IL 501(c)(3) Line 12A, I University of Chicago false UniversityofChicago Charter School Corp 5801 S Ellis Ave Chicago IL 60637 364225812 Education 501(c)(3) Line 2 University of Chicago false Court Theatre Fund 5535 S Ellis Ave Chicago IL 60637 363203660 Supporting the arts IL 501(c)(3) Line 12A, I University of Chicago false UniversityofChicago Self Insurance Trust 5801 S Ellis Ave Chicago IL 60637 363020034 Malpractice trust IL 501(c)(3) Line 12A, I University of Chicago 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HEALTHY COMMUNITIES & HEALTHCARE IL 501(c)(3) Line 12B, II UNIV OF CHICAGO MEDICAL CENTER false UCM Care Network Medical Group Inc 5841 S Maryland Ave Chicago IL 60637 474221241 Healthcare IL 501(c)(3) Line 10 Univ Chicago Medicine Care Network LLC false South East Chicago Commission 1511 East 53rd Street Chicago IL 60615 362226282 Economic Development IL 501(c)(3) Line 7 University of Chicago false UCHICAGO MEDICINE NORTHWEST INDIANA INC 5841 S MARYLAND AVE Chicago IL 60637 922355855 Healthcare IN 501(c)(3) Line 3 UC Medical Center false FERMI FORWARD DISCOVERY GROUP LLC 5801 S ELLIS AVENUE CHICAGO IL 60637 933319101 Management IL 501(c)(3) Line 7 University of Chicago false INGALLS DEVELOPMENT FOUNDATION ONE INGALLS DR Harvey IL 60426 363189150 Support IL 501(c)(3) Line 7 University of Chicago false INGALLS HEALTH VENTURES ONE INGALLS DR Harvey IL 60426 363239703 Ambulatory 501(c)(3) Line 12, I University of Chicago false INGALLS HOME CARE ONE INGALLS DR Harvey IL 60426 363367939 Healthcare IL 501(c)(3) Line 10 University of Chicago false INGALLS MEMORIAL HOSPITAL ONE INGALLS DR Harvey IN 60426 362170866 Hospital IL 501(c)(3) Line 3 University of Chicago false PRIMARY HEALTHCARE ASSOCIATES SC 71 W 156TH STREET Harvey IL 60426 364132865 Healthcare IL 501(c)(3) Line 10 University of Chicago false UCMC TITLE HOLDING CORPORATION 5841 S MARYLAND AVE MC 1086 Chicago IL 60637 812126789 TITLE HOLDING IL 501(c)(3) Line 12, I University of Chicago false UCMC TITLE HOLDING CORPORATION II NFP 5841 S MARYLAND AVE MC 1086 Chicago IL 60637 821736040 TITLE HOLDING IL 501(c)(3) Line 12, I University of Chicago false University of Chicago Center in Paris 6 Rue Thomas Mann 75013 Paris FR Education FR University of Chicago false UniversityofChicago Booth Schl of Busine 1 BARTHOLOMEW CLOSE BARTS SQ London UK EC1AtBL UK University of Chicago false UniversityofChicago Booth Schl of Busine 101PENANG RD 238466 Singapore SN Education SN University of Chicago false University of Chicago 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Chicago IL 60602 Science curriculum IL Univ of Chicago C Corp false Phoenix Overlay Fund LTD 401 N Michigan Avenue Chicago IL 60611 Investing Univ of Chicago C Corp false CHARITABLE REMAINDER TRUSTS 68 5801 S ELLIS AVENUE CHICAGO IL 60637 CHAR RMDR TRUST IL Univ of Chicago Trust false POOLED INCOME FUND 1 5801 S ELLIS AVENUE CHICAGO IL 60637 POOLED INCOME FUND IL Univ of Chicago C Corp false INGALLS PROVIDER GROUP ONE INGALLS DR HARVEY IL 60426 363485578 Self Insurance IL Univ of Chicago C Corp false MEDCENTRIX INC ONE INGALLS DR HARVEY IL 60426 363374228 BILLING & MGMT IL Univ of Chicago C Corp false STANDARD GENERAL OFFSHORE FUND LTD 767 5TH AVE 12th Floor New York NY 10153 Investment Univ of Chicago C Corp false UChicago Beijing Consulting Co LTD UNIT 1-10 CULTURE PL OF REMMIN UNI Beijing CH Consulting CH Univ of Chicago C Corp false UChicago Center in India Pvt Ltd Unit 5-10 Grd Fl DLF Capital Point New Delhi IN Consulting IN Univ of Chicago C Corp false TRULEN INSURANCE SPC LIMITED 171 ELGIN AVE PO BOX 10233 GRAND CAYMAN CJ KY1- 1002 981571288 LIAB INSURANCE CJ Univ of Chicago C Corp false CAPSTONE CPP 2012 1 FUND 190 ELGIN AVENUE GEORGE TOWN CJ KY1-9008 Investment CJ Univ of Chicago C Corp false KOHINOOR CORE CAYMAN FUND PO BOX 309 UGLAND HOUSE CJ KY1- 1104 INVESTMENT CJ Univ of Chicago C Corp false PENSO FUND PLATFORM SPC - SEG PORTFOLIO PO BOX 309 UGLAND HOUSE CJ KY1- 1104 981360251 INVESTMENT CJ Univ of Chicago C Corp false TARPON ALL EQUITIES FUND LP PO BOX 309 UGLAND HOUSE CJ Investment CJ Univ of Chicago C Corp false VIEWFORTH EUROPEAN EQUITY FUND LIMITED 190 ELGIN AVENUE GEORGE TOWN CJ KY1-9001 Investment CJ Univ of Chicago C Corp false false false true false false false false false false true false false false false false true true false false SCHEDULE R, PART I Supplemental Information THE UNIVERSITY OF CHICAGO IS THE DIRECT CONTROLLING ORGANIZATION OF LAKE PARK ASSOCIATES, INC. FOR PURPOSES OF COMPLETENESS, THE RELATED ORGANIZATIONS LISTED BELOW ARE DISREGARDED ENTITIES OF THE UNIVERSITY OF CHICAGO, A 501(C)(3) ORGANIZATION. THE UNIVERSITY OF CHICAGO IS THE DIRECT CONTROLLING ENTITY OF THE FOLLOWING DISREGARDED ENTITIES: UCHICAGO ARGONNE LLC -68-0628477; 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: MANAGE LAB; LEGAL DOMICILE: ILLINOIS UNIVERSITY OF CHICAGO FOUNDATION LTD - 98-0525557; 5TH FL ALDER CASTLE, 10 NOBLE, LONDON, UNITED KINGDOM PRIMARY ACTIVITY: FUNDRAISING; LEGAL DOMICILE: UNITED KINGDOM THEORY AND COMPUTING SCIENCES BUILDING TRUST - 51-6596577; 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: RESEARCH BUILDING; LEGAL DOMICILE: ILLINOIS UCHICAGO TRADING - 30-0517735, 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: INVESTING; LEGAL DOMICILE: ILLINOIS UCHICAGO IMPACT LLC - 61-1682394; 1307 E. 60TH STREET, CHICAGO, IL 60637 PRIMARY ACTIVITY: EDUCATION; LEGAL DOMICILE: ILLINOIS HARPER COURT HOLDINGS, LLC - 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: HOLDING COMPANY: LEGAL DOMICILE: ILLINOIS LPA MANAGEMENT LLC - 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: PROPERTY MANAGEMENT: LEGAL DOMICILE: ILLINOIS 6014 COTTAGE GROVE LPA HOLDINGS LLC - 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: PROPERTY HOLDING COMPANY LEGAL DOMICILE: ILLINOIS CENTER FOR RESEARCH IN SECURITY PRICES LLC - 105 WEST ADAMS STREET, SUITE 1700, CHICAGO, ILLINOIS 60603 PRIMARY ACTIVITY: SECURITIES RESEARCH AND DATA LEGAL DOMICILE: ILLINOIS HARPER COURT HOLDINGS 2, LLC- 5801 S. ELLIS AVENUE, CHICAGO, IL 60637 PRIMARY ACTIVITY: HOLDING COMPANY LEGAL DOMICILE: ILLINOIS 53RD STREET LABS, LLC - 5801 S. ELLIS AVENUE, CHICAGO IL 60634 PRIMARY ACTIVITY: RE HOLIDNG LEGAL DOMICILE: ILLINOIS