Good News Partners

EIN 36-3107283 • 501(c)3 • Chicago, IL

Profile

Housing for low income families and individuals.

7630 N Paulina StChicago, IL 60626

goodnewspartners.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

0.65x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

1.35x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

24%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

$84,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

-7.5%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

34%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet

Liabilities / Assets87th percentile

Assets

Down

$4,617,557

Down $217,365 (-4.5%) from 2022

Liabilities

Down

$3,003,472

Down $777,721 (-21%) from 2022

Net Assets

$1,614,085

Up $560,356 (+53%) from 2022

Operations

Liabilities / Revenue90th percentile Net Margin77th percentile

Revenue

$2,231,132

Up $509,895 (+30%) from 2022

Expenses

Down

$1,687,119

Down $16,045 (-0.9%) from 2022

Net Income

$544,013

Up $525,940 (+2910%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

Highlighted filing

2024

Assets$4,617,557

Liabilities$3,003,472

Net Assets$1,614,085

Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

Highlighted filing

2024

Revenue$2,231,132

Expenses$1,687,119

Net Income$544,013

Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $4,617,557
Liabilities: $3,003,472
Net assets: $1,614,085
Revenue: $2,231,132
Expenses: $1,687,119
Net income: $544,013

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$4.62	$3.00	$1.61	$2.23	$1.69	$0.54
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.83	$3.78	$1.05	$1.72	$1.70	$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$5.00	$3.96	$1.04	$1.78	$1.53	$0.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.77	$3.99	$0.79	$1.67	$1.73	$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$5.00	$4.15	$0.84	$1.56	$1.65	$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$5.35	$4.42	$0.94	$1.19	$1.48	$0.29
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.	$5.98	$4.75	$1.23	$1.41	$1.53	$0.12
2016Detailed filing. Detailed filing data is available for this year.	$6.37	$5.21	$1.16	$1.40	$1.79	$0.38

Latest Filing Detail

Jump To

Filing Snapshot

Filing Period: Sep 1, 2023 to Aug 31, 2024
Signed: Jul 15, 2025
Return Version: 2023v6.0
Gross Receipts: $3,590,823

Mission and Program Overview

Mission

Housing for low income families and individuals.

Housing for low income individuals and families.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$3,922,852	$2,862,411	▼ $1,060,441
Cash and Non-Interest-Bearing Accounts	$225,081	$1,086,466	▲ $861,385
Loans From Officers Directors	$416,751	$410,751	▼ $6,000
Accounts Receivable	$305,787	$132,895	▼ $172,892
Investments Program Related	$39,777	-	-
Prepaid Expenses and Deferred Charges	$40,809	$24,363	▼ $16,446
Total Assets	$4,993,438	$4,617,557	▼ $375,881
Other Assets Total	$459,132	$511,422	▲ $52,290
Liabilities
Mortgage Notes Payable Secured by Investment Property	$2,706,097	$1,789,435	▼ $916,662
Other Liabilities	$519,568	$530,888	▲ $11,320
Accounts Payable and Accrued Expenses	$285,067	$272,398	▼ $12,669
Total Liabilities	$3,927,483	$3,003,472	▼ $924,011
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$777,314	$1,614,085	▲ $836,771
Net Assets With Donor Restrictions	$288,641	$0	▼ $288,641
Total Net Assets Fund Balance	$1,065,955	$1,614,085	▲ $548,130
Total Liabilities and Net Assets / Fund Balance	$4,993,438	$4,617,557	▼ $375,881

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$2,279,209	$1,676,553	$3,955,762
Land	$323,200	-	$323,200
Other Land Buildings	$224,250	-	$224,250
Equipment	$35,752	$130,910	$166,662
Other Assets Org	$38,049	-	-

Compensation and Service Providers

Top Officer Pay60th percentile

Employees

Name	Title	Full / Part Time	Base	Total
Kenneth Johnson	Executive Director	FT	$84,000	$84,000

Board Members and Trustees

Name	Title
Mark Stringer	Board Chair
Arthur Bud Ogle	President-emeritus
Steve Greenhow	Vice Chair
Dave Vance	Director
Jerome Hopkins	Director
Timothy Williams	Director
Gary Thompson	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $785,239
Program Service Revenue: $667,582
Investment Income: $775,309
Other Revenue: $3,002
All Other Contributions: $254,596
Change in Net Assets: $544,013

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$884,763
Salaries, Compensation, and Employee Benefits	$802,356
Total Fundraising Expense	$89,783
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$543,019	$119,768	$43,120	$705,907
All Other Expenses	$185,944	$13,586	$12,915	$212,445
Depreciation Depletion	$124,595	-	-	$124,595
Interest	$77,940	$22,667	-	$100,607
Insurance	$71,666	-	-	$71,666
Other Expenses	$51,832	$1,490	$160	$53,482
Other Employee Benefits	$37,341	$8,236	$2,965	$48,542
Payroll Taxes	$33,443	$10,938	$3,526	$47,907
Office Expenses	$2,392	$25,196	$831	$28,419
Travel	$1,988	$849	$19,341	$22,178
Occupancy	$2,820	$691	$25	$3,536
Total Functional Expenses	$1,393,322	$204,014	$89,783	$1,687,119

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Insider Transactions and Loans

Loans and Receivables

Line Item	Beginning	End	Change
Loans from Officers, Directors, Trustees, and Key Employees	$416,751	$410,751	▼ $6,000

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Equity Due Co-ops	$380,888
Economic Injury Disaster Loan	$150,000

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Backup withholding compliance: Yes
Business relationship with 35% controlled entity: No
Business relationship with family members: No
Business relationship with organization members: No
Material changes to governing documents: No
Compensation from other sources disclosed: No
CEO compensation reviewed: Yes
Other officer compensation reviewed: Yes
Conflict-of-interest policy: Yes
Audited financial statements prepared: No
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by a board member appointed by the whole board.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to report known conflicts to the board.”

Form 990, Part VI, Section B, Line 15

“Board approves all officer and key employee. Compensation levels are compared to other organizations and this organization has below average salaries.”

Form 990, Part VI, Section C, Line 18

“Form 1023 is made available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization governing documents are made avaible upon request, including conflict of interest policy, financial statements and form 990.”

Filing and Contact Details

Filer

Filer Name: Good News Partners
EIN: 36-3107283
Phone: 7737644998
Address: 7630 N PAULINA ST, CHICAGO, IL 60626

Signing Officer

Name: Gary Thompson
Title: Treasurer
Phone: 7737644998
Signed: 2025-07-15
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Gary Thompson
Formed: 1980
Legal Domicile: Il
Voting Board Members: 6
Independent Board Members: 6
Employees: 24
Volunteers: 6

Preparer

Firm: Wsdd Cpas Ltd
Address: 303 W MADISON ST SUITE 2075, CHICAGO, IL 60606-3395
Preparer: WILLIAM J O'HARA
Phone: 3123326622

Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Materials and supplies: program service expenses 50165. Management and general expenses 470. Fundraising expenses 0. Total expenses 50635. Provision for bad debts: program service expenses 35081. Management and general expenses 0. Fundraising expenses 0. Total expenses 35081. Programs: program service expenses 25719. Management and general expenses 5280. Fundraising expenses 2517. Total expenses 33516. Rubbish removal: program service expenses 25249. Management and general expenses 0. Fundraising expenses 0. Total expenses 25249. Fees and memberships: program service expenses 8416. Management and general expenses 5875. Fundraising expenses 4598. Total expenses 18889. Food: program service expenses 17416. Management and general expenses 220. Fundraising expenses 0. Total expenses 17636. Telephone: program service expenses 12601. Management and general expenses 724. Fundraising expenses 36. Total expenses 13361. Exterminator: program service expenses 11065. Management and general expenses 0. Fundraising expenses 0. Total expenses 11065. Fund raising events: program service expenses 0. Management and general expenses 0. Fundraising expenses 4916. Total expenses 4916. Training: program service expenses 0. Management and general expenses 800. Fundraising expenses 0. Total expenses 800. Miscellaneous: program service expenses 150. Management and general expenses 0. Fundraising expenses 575. Total expenses 725. Postage and mailing: program service expenses 82. Management and general expenses 217. Fundraising expenses 273. Total expenses 572.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, there is no provision for income taxes in the financial statements. Management believes that the organization continues to qualify and to operate as designated. Accounting standards provide guidance for how certain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the organization's information returns to determine whether the tax position are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit and asset or expense and liability in the current year. The organization files information returns in the u.s. Federal jurisdiction and illinois state jurisdiction. The organization is no longer subject to u.s. Federal and state examinations by tax authorities for years before 2021. As of and for the year ended august 31, 2024, managment has determined that there are no uncertain tax positions.”

Raw XML AppendixShowing 400 of 565 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	2392
IRS990/OfficeExpensesGrp/TotalAmt	0	28419
IRS990/OfficerMailingAddressInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsFASB117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	459132
IRS990/OtherAssetsTotalGrp/EOYAmt	0	511422
IRS990/OtherChangesInNetAssetsAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt	0	2965
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt	0	8236
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	37341
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	48542
IRS990/OtherExpensesGrp/Desc	0	EVICTION
IRS990/OtherExpensesGrp/Desc	1	UTILITIES
IRS990/OtherExpensesGrp/Desc	2	REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc	3	REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt	0	6900
IRS990/OtherExpensesGrp/FundraisingAmt	1	160
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	593
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	1	1490
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	89654
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	88602
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	82086
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	51832
IRS990/OtherExpensesGrp/TotalAmt	0	97147
IRS990/OtherExpensesGrp/TotalAmt	1	88602
IRS990/OtherExpensesGrp/TotalAmt	2	82086
IRS990/OtherExpensesGrp/TotalAmt	3	53482
IRS990/OtherLiabilitiesGrp/BOYAmt	0	519568
IRS990/OtherLiabilitiesGrp/EOYAmt	0	530888
IRS990/OtherRevenueMiscGrp/BusinessCd	0	531390
IRS990/OtherRevenueMiscGrp/Desc	0	MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt	0	3002
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	0	3002
IRS990/OtherRevenueTotalAmt	0	3002
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt	0	43120
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt	0	119768
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	543019
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	705907
IRS990/PartialLiquidationInd	0	0
IRS990/PayrollTaxesGrp/FundraisingAmt	0	3526
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt	0	10938
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	33443
IRS990/PayrollTaxesGrp/TotalAmt	0	47907
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	40809
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	24363
IRS990/PrincipalOfficerNm	0	GARY THOMPSON
IRS990/PriorPeriodAdjustmentsAmt	0	4117
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531390
IRS990/ProgramServiceRevenueGrp/Desc	0	PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	667582
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	667582
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	856047
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	0
IRS990/PYOtherExpensesAmt	0	904960
IRS990/PYOtherRevenueAmt	0	3891
IRS990/PYProgramServiceRevenueAmt	0	810393
IRS990/PYRevenuesLessExpensesAmt	0	12226
IRS990/PYSalariesCompEmpBnftPaidAmt	0	753145
IRS990/PYTotalExpensesAmt	0	1658105
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	1670331
IRS990/QuidProQuoContributionsInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	544013
IRS990/RegularMonitoringEnfrcInd	0	1
IRS990/RelatedEntityInd	0	0
IRS990/RelatedOrganizationCtrlEntInd	0	0
IRS990/ReportInvestmentsOtherSecInd	0	0
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	1
IRS990/ReportOtherLiabilitiesInd	0	1
IRS990/ReportProgramRelatedInvstInd	0	0
IRS990/RevenueAmt	0	667582
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	785239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	856047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	924379
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	984832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	711749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	4262246
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	27
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	10052
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	10079
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	3881795
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt	0	3002
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt	0	3891
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	6471
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	4606
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	26326
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	44296
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.92070
IRS990ScheduleA/PublicSupportPY170Pct	0	0.93150
IRS990ScheduleA/PublicSupportTotal170Amt	0	3974442
IRS990ScheduleA/SubstantialContributorsTotAmt	0	287804
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	785239
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	856047
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	924379
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	984832
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	711749
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	4262246
IRS990ScheduleA/TotalSupportAmt	0	4316621
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990/ScheduleBRequiredInd	0	1
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	2279209
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	1676553
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	3955762
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	35752
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	130910
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	166662
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/LandGrp/BookValueAmt	0	323200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	323200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	473373
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	38049
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	0	ADVANCES TO CO-OPS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	1	REAL ESTATE TAX ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	224250
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	224250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	380888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	EQUITY DUE CO-OPS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	ECONOMIC INJURY DISASTER LOAN
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES THAT THE ORGANIZATION CONTINUES TO QUALIFY AND TO OPERATE AS DESIGNATED. ACCOUNTING STANDARDS PROVIDE GUIDANCE FOR HOW CERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S INFORMATION RETURNS TO DETERMINE WHETHER THE TAX POSITION ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT AND ASSET OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND ILLINOIS STATE JURISDICTION. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. AS OF AND FOR THE YEAR ENDED AUGUST 31, 2024, MANAGMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	2862411
IRS990ScheduleD/TotalBookValueOtherAssetsAmt	0	511422
IRS990ScheduleD/TotalLiabilityAmt	0	530888
IRS990/ScheduleJRequiredInd	0	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	0	30000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	1	40000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	2	51184
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	3	20000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	4	24380
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	5	10000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	6	4000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	7	10000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	8	10000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	9	40000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	10	10000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	11	80000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	12	50000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	13	27813
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	14	3374
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	0	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	1	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	2	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	3	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	4	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	5	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	6	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	7	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	8	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	9	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	10	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	11	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	12	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	13	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	14	1
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	0	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	1	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	2	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	3	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	4	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	5	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	6	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	7	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	8	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	9	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	10	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	11	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	12	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	13	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	14	0
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	0	WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	1	MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	2	MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	3	WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	4	WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	5	WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	6	MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	7	MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	8	MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	9	WORKING CAPITAL

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