2026-05-15T15:32:17-07:00 2025-06-30 010672939 Paul J Smit & Associates 3330 181st Pl Ste 204 Lansing IL 60438 990 2024-07-01 366111317 Lake Park Associates Inc LAKE 7739550200 5235 S Harper Court Suite 900 Chicago IL 60615 Jennie Bennett AVP Finance 2026-05-15 true true Paul Smit P00669815 7088891099 2024 2025-03-06 01:10:19Z Ivan Samstein 7111413 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 0 7112508 7109491 158148 1922 0 7270656 7111413 0 0 0 0 0 10129299 11018569 10129299 11018569 -2858643 -3907156 81543784 75788770 2886337 2038479 78657447 73750291 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 25 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 Former President 0.00 0.00 0 1500000 0 Lori Berko Director 1.00 40.00 X 0 660240 44024 Christian Mitchell President 1.00 45.00 X X 0 640070 42470 Kimberly Taylor VP&Secr-PartYr 1.00 44.00 X X 0 607418 55583 Michele Rasmussen Director 1.00 40.00 X 0 544882 37803 Elizabeth Shanin VP & Secretary 1.00 45.00 X X 0 386493 68517 Angelica Marks VP & Treasurer 1.00 40.00 X X 0 360884 60093 Robert Rush Asst Secretary 1.00 40.00 X X 0 290655 24921 4990642 333411 0 true true false CRANE AND NORCROSS 180 N Wacker Dr 6th Floor Chicago IL 60606 ATTORNEYS AT LAW 102944 1 0 RENTAL INCOME 7109491 7109491 7109491 1922 1922 0 0 0 0 0 0 0 COST REIMB&OTHER REV 0 7111413 7109491 1922 X 0 0 0 0 0 0 0 0 0 0 160630 0 0 0 0 0 1143385 0 0 0 0 362300 0 0 0 0 0 3453985 184821 Affiliate expenses 2027068 Repair and maintenance 1476564 REAL ESTATE TAX 1385000 Bad debt-Kimbark 458234 366582 11018569 0 0 0 9490161 6763947 0 0 1404675 1289292 0 0 0 0 80526 81322 117618559 50926822 69549546 66691737 0 0 0 0 1018876 962472 81543784 75788770 2451400 1633427 287900 258015 147037 147037 2886337 2038479 X 78657447 73750291 78657447 73750291 81543784 75788770 X -3907156 -1000000 X false false false 36507423 36507423 76744301 47928443 28815858 4271420 2998379 1273041 95415 95415 66691737 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 501c2. 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. true false false Angelica Marks VP & Treasurer 313321 47563 25748 34345 420977 Christian Mitchell President 546757 91154 2159 27600 14870 682540 Elizabeth Shanin VP & Secretary 386493 27600 40917 455010 Kimberly Taylor VP&Secr-PartYr 535368 64450 7600 27600 27983 663001 Lori Berko Director 508272 149163 2805 27600 16424 704264 MARY FRANCES MCCOURT Former President 1500000 1500000 Michele Rasmussen Director 384524 155597 4761 27600 10203 582685 Robert Rush Asst Secretary 290655 23375 1546 315576 Form 990, Part VI, Section A, Line 3 Lake Park Associates, Inc. has contracted with Mid-America Asset Management, 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 Distribution to stockholder = -$1000000 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. 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CRI GRAND CAYMAN CJ KY1-1002 981571446 LIAB INSURANCE CJ UCMN C Corp false INGALLS CASUALTY INSURANCE LTD ONE INGALLS DRIVE HARVEY CJ 980485714 LIAB INSURANCE CJ UCMN C Corp false NON-EMPLOYED PHYSICIANS SP 171 ELGIN AVENUE WILLOW HOUSE CRI GRAND CAYMAN CJ KY1-1002 981571387 LIAB INSURANCE CJ UCMN C Corp false SP 4 REGATTA OFFICE PARK WEST BAY ROAD GRAND CAYMAN CJ KY1-1002 LIAB INSURANCE CJ UCMN C Corp false WHITEOAK AVOLUTION CO-INVESTMENT TRUST LEVEL 1 33 LOFTUS STREET SYDNEY AS NSW 2000 INVESTMENT AS Univ of Chicago Trust false WHITEOAK IIB TRUST LEVEL 32 200 GEORGE STREET SYDNEY AS NSW, 2000 INVESTMENT AS Univ of Chicago Trust false false true false 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.