Civic Intelligence

Bethel Pace Centre

990 • Fiscal year 2018 • EIN 36-3700890

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

1140 N Lamon AveChicago, IL 60651

(773) 473-7870

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.18x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

4.35x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$125,411

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 34.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

21st percentile

-6.2%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

-6.2%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,323,626

Down $86,931 (-6.2%) from 2017

Net Assets

Down

-$243,678

Down $40,639 (-20%) from 2017

Liabilities

Down

$1,567,304

Down $46,292 (-2.9%) from 2017

Revenue

Down

$360,570

Down $23,834 (-6.2%) from 2017

Expenses

Down

$401,209

Down $38,042 (-8.7%) from 2017

Net Income

Up

-$40,639

Up $14,208 (+26%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2013: $1,487,552Liabilities 2013: $1,562,123Net Assets 2013: -$74,5712013Assets 2014: $1,460,331Liabilities 2014: $1,573,651Net Assets 2014: -$113,3202014Assets 2015: $1,466,874Liabilities 2015: $1,563,049Net Assets 2015: -$96,1752015Assets 2016: $1,430,930Liabilities 2016: $1,579,122Net Assets 2016: -$148,1922016Assets 2017: $1,410,557Liabilities 2017: $1,613,596Net Assets 2017: -$203,0392017Assets 2018: $1,323,626Liabilities 2018: $1,567,304Net Assets 2018: -$243,6782018Assets 2019: $1,280,646Liabilities 2019: $1,569,149Net Assets 2019: -$288,5032019Assets 2021: $1,198,250Liabilities 2021: $1,558,977Net Assets 2021: -$360,7272021Assets 2022: $1,182,928Liabilities 2022: $1,588,941Net Assets 2022: -$406,0132022Assets 2023: $1,169,704Liabilities 2023: $1,601,934Net Assets 2023: -$432,2302023Assets 2024: $1,110,924Liabilities 2024: $1,568,797Net Assets 2024: -$457,8732024Assets 2025: $1,110,282Liabilities 2025: $1,594,199Net Assets 2025: -$483,9172025

Highlighted filing

2018

Assets$1,323,626
Liabilities$1,567,304
Net Assets-$243,678

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2013: $377,3862013Revenue 2014: $372,916Expenses 2014: $411,665Net Income 2014: -$38,7492014Revenue 2015: $432,946Expenses 2015: $415,801Net Income 2015: $17,1452015Revenue 2016: $368,392Expenses 2016: $420,409Net Income 2016: -$52,0172016Revenue 2017: $384,404Expenses 2017: $439,251Net Income 2017: -$54,8472017Revenue 2018: $360,570Expenses 2018: $401,209Net Income 2018: -$40,6392018Revenue 2019: $399,329Expenses 2019: $444,154Net Income 2019: -$44,8252019Revenue 2021: $436,454Expenses 2021: $453,705Net Income 2021: -$17,2512021Revenue 2022: $447,598Expenses 2022: $492,884Net Income 2022: -$45,2862022Revenue 2023: $456,523Expenses 2023: $482,740Net Income 2023: -$26,2172023Revenue 2024: $484,502Expenses 2024: $510,145Net Income 2024: -$25,6432024Revenue 2025: $477,402Expenses 2025: $503,446Net Income 2025: -$26,0442025

Highlighted filing

2018

Revenue$360,570
Expenses$401,209
Net Income-$40,639
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$360,570
Mission and Program Overview

Mission

The organization owns and operates a 22 unit facility for the elderly and disabled pursuant to section 202 of the national housing act.

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,057,394$975,844▼ $81,550
Cash and Non-Interest-Bearing Accounts$42,632$17,738▼ $24,894
Prepaid Expenses and Deferred Charges$10,706$12,847▲ $2,141
Accounts Receivable$575$511▼ $64
Total Assets$1,410,557$1,323,626▼ $86,931
Other Assets Total$299,250$316,686▲ $17,436
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,538,300$1,538,300→ $0
Accounts Payable and Accrued Expenses$42,865$16,274▼ $26,591
Other Liabilities$32,431$12,730▼ $19,701
Total Liabilities$1,613,596$1,567,304▼ $46,292
Net Assets / Fund Balance
Unrestricted Net Assets$-203,039$-243,678▼ $40,639
Total Net Assets Fund Balance$-203,039$-243,678▼ $40,639
Total Liabilities and Net Assets / Fund Balance$1,410,557$1,323,626▼ $86,931

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$614,625$938,111$1,552,736
Leasehold Improvements$289,916$462,792$752,708
Other Land Buildings$45,613$152,680$198,293
Land$25,000-$25,000
Equipment$690$13,213$13,903
Other Assets Org$4,215--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Edward ColemanExecutive Director$125,411$125,411
Saul CyvasSecretary/director$125,000$125,000

Board Members and Trustees

NameTitle
Geoffrey KossChairman
John Jay YoungVice Chairman
Abbey HelmetagDirector
Jay WeaverDirector
Kevin MasseyDirector
Sherman HicksDirector
Valora StarrDirector
Terra FullerSecretary
Andrew CurtisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$359,914
Investment Income
$656
Other Revenue
$0
Change in Net Assets
$-40,639

Audited Revenue Reconciliation

Revenue per Audited Statements
$360,570
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$360,570
Total Revenue per Form 990
$360,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,078
Salaries, Compensation, and Employee Benefits$119,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,477$20,387-$92,864
Depreciation Depletion$92,513--$92,513
Occupancy$34,104--$34,104
Other Expenses$9,227$13,953-$23,180
Other Employee Benefits$15,447--$15,447
Fees for Services Management$13,065--$13,065
Insurance$12,360--$12,360
All Other Expenses$1,407$10,055-$11,462
Payroll Taxes$10,820--$10,820
Fees for Services Accounting-$2,640-$2,640
Fees for Services Legal-$665-$665
Total Functional Expenses$338,520$62,689$0$401,209

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$401,209
Total Expenses per Audited Statements$401,209
Total Expenses per Form 990$401,209
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Miscellaneous Liabilities$6,143
Security Deposits$5,221
Accrued Property Management Fees$1,366
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The corporation has contracted with a management agent, evergreen real estate services, llc, pursuant to a management agreement approved by hud. Under the management agreement, for the years ended june 30, 2018 and 2017, management fees were $13,065 and $13,346, respectively, based on approximately 3.75 percent of monthly rental collections, capped at $52.075 per unit per month for 2018 and 2017. As of june 30, 2018 and 2017, property management fees payable were $1,366 and $1,146, respectively.

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

The board retains the services of an independent cpa firm to prepare the organization's form 990. The form 990 is reviewed by the finance committee before it is filed. The finance committee serves as audit committee and has been designated authority to approve audits and tax returns. The board treasurer or chair signs the form. Copies will then be provided to all members of the board.

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

The policy is reviewed and updated annually during a board meeting. Compliance is monitored and enforced regularly.

Form 990, Part VI, Section B, Line 15

Compensation review procedures are performed by a related organization, bethel new life, inc. (36-3013241). The ceo's compensation is determined by the board of directors. The activity for determining compensation is led by the executive committee of the board. The compensation of other officers are determined by the president & ceo who are vested with the authority to determine such salaries. Typically, the salaries reflect the ranges portrayed in compensation studies and disclosed in the annual budget approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The organization provides documents to the public upon request.

Part VII - Section A - Compensation Disclosures

The compensation from a related organization, bethel new life, inc. Reported in part vii for edward coleman and saul cyvas, is the compensation paid by bethel new life, inc. For their full time positions. Bethel pace centre does not pay for any of the salary or benefits for these individuals.

Filing and Contact Details

Filer

Filer Name
Bethel Pace Centre
EIN
36-3700890
Phone
7734737870
Address
1140 N LAMON AVE, CHICAGO, IL 60651

Signing Officer

Name
Edward Coleman
Title
Chief Executive Officer
Phone
7734737870
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Coleman
Formed
1992
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Lu Ann Trapp
Phone
3122071040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the corporation and recognize a tax liability if the corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the corporation and has concluded that, as of june 30, 2018 and 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

Raw XML AppendixShowing 400 of 534 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt042865
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016274
IRS990/AccountsReceivableGrp/BOYAmt0575
IRS990/AccountsReceivableGrp/EOYAmt0511
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0LOW INCOME HOUSING
IRS990/AddressChangeInd0X
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt010055
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01407
IRS990/AllOtherExpensesGrp/TotalAmt011462
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0EDWARD COLEMAN
IRS990/BooksInCareOfDetail/PhoneNum07734737881
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01140 N LAMON AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060651
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt042632
IRS990/CashNonInterestBearingGrp/EOYAmt017738
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0656
IRS990/CYOtherExpensesAmt0282078
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0359914
IRS990/CYRevenuesLessExpensesAmt0-40639
IRS990/CYSalariesCompEmpBnftPaidAmt0119131
IRS990/CYTotalExpensesAmt0401209
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0360570
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt092513
IRS990/DepreciationDepletionGrp/TotalAmt092513
IRS990/Desc0THE ORGANIZATION OWNS AND OPERATES A 22 UNIT FACILITY FOR THE ELDERLY AND DISABLED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0338520
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02640
IRS990/FeesForServicesAccountingGrp/TotalAmt02640
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0665
IRS990/FeesForServicesLegalGrp/TotalAmt0665
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt013065
IRS990/FeesForServicesManagementGrp/TotalAmt013065
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt043.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt143.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt84.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt94.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt104.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt06000
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0EDWARD COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1SAUL CYVAS
IRS990/Form990PartVIISectionAGrp/PersonNm2GEOFFREY KOSS
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN JAY YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREW CURTIS
IRS990/Form990PartVIISectionAGrp/PersonNm5TERRA FULLER
IRS990/Form990PartVIISectionAGrp/PersonNm6SHERMAN HICKS
IRS990/Form990PartVIISectionAGrp/PersonNm7KEVIN MASSEY
IRS990/Form990PartVIISectionAGrp/PersonNm8VALORA STARR
IRS990/Form990PartVIISectionAGrp/PersonNm9JAY WEAVER
IRS990/Form990PartVIISectionAGrp/PersonNm10ABBEY HELMETAG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0119411
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1125000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0360570
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt012360
IRS990/InsuranceGrp/TotalAmt012360
IRS990/InvestmentIncomeGrp/ExclusionAmt0656
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0656
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01566796
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01057394
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0975844
IRS990/LandBldgEquipCostOrOtherBssAmt02542640
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION OWNS AND OPERATES A 22 UNIT FACILITY FOR THE ELDERLY AND DISABLED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01538300
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01538300
IRS990/NetAssetsOrFundBalancesBOYAmt0-203039
IRS990/NetAssetsOrFundBalancesEOYAmt0-243678
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt034104
IRS990/OccupancyGrp/TotalAmt034104
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0299250
IRS990/OtherAssetsTotalGrp/EOYAmt0316686
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015447
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015447
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/Desc2PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014989
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113953
IRS990/OtherExpensesGrp/ProgramServicesAmt042231
IRS990/OtherExpensesGrp/ProgramServicesAmt134869
IRS990/OtherExpensesGrp/ProgramServicesAmt29227
IRS990/OtherExpensesGrp/TotalAmt057220
IRS990/OtherExpensesGrp/TotalAmt134869
IRS990/OtherExpensesGrp/TotalAmt223180
IRS990/OtherLiabilitiesGrp/BOYAmt032431
IRS990/OtherLiabilitiesGrp/EOYAmt012730
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020387
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt072477
IRS990/OtherSalariesAndWagesGrp/TotalAmt092864
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010820
IRS990/PayrollTaxesGrp/TotalAmt010820
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010706
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012847
IRS990/PrincipalOfficerNm0EDWARD COLEMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0298592
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt159191
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0298592
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt159191
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22131
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0124
IRS990/PYOtherExpensesAmt0361336
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0384280
IRS990/PYRevenuesLessExpensesAmt0-54847
IRS990/PYSalariesCompEmpBnftPaidAmt077915
IRS990/PYTotalExpensesAmt0439251
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0384404
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-40639
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0359914
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0656
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0897
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0359914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0384280
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0368342
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0432915
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0372880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01918331
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0656
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0897
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt01918331
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0359914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0384280
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0368342
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0432915
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0372880
IRS990ScheduleA/Total509Grp/TotalAmt01918331
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0360570
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0384404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0368392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0432946
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0372916
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01919228
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0614625
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0938111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01552736
IRS990ScheduleD/EquipmentGrp/BookValueAmt0690
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013213
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013903
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0401209
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0289916
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0462792
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0752708
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05779
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1301205
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25487
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34215
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045613
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0152680
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0198293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05221
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PROPERTY MANAGEMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISCELLANEOUS LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0360570
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2018 AND 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0975844
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0316686
IRS990ScheduleD/TotalExpensesPerForm990Amt0401209
IRS990ScheduleD/TotalLiabilityAmt012730
IRS990ScheduleD/TotalRevenuePerForm990Amt0360570
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0360570
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0401209
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS CONTRACTED WITH A MANAGEMENT AGENT, EVERGREEN REAL ESTATE SERVICES, LLC, PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. UNDER THE MANAGEMENT AGREEMENT, FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, MANAGEMENT FEES WERE $13,065 AND $13,346, RESPECTIVELY, BASED ON APPROXIMATELY 3.75 PERCENT OF MONTHLY RENTAL COLLECTIONS, CAPPED AT $52.075 PER UNIT PER MONTH FOR 2018 AND 2017. AS OF JUNE 30, 2018 AND 2017, PROPERTY MANAGEMENT FEES PAYABLE WERE $1,366 AND $1,146, RESPECTIVELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE IT IS FILED. THE FINANCE COMMITTEE SERVES AS AUDIT COMMITTEE AND HAS BEEN DESIGNATED AUTHORITY TO APPROVE AUDITS AND TAX RETURNS. THE BOARD TREASURER OR CHAIR SIGNS THE FORM. COPIES WILL THEN BE PROVIDED TO ALL MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS REVIEWED AND UPDATED ANNUALLY DURING A BOARD MEETING. COMPLIANCE IS MONITORED AND ENFORCED REGULARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY A RELATED ORGANIZATION, BETHEL NEW LIFE, INC. (36-3013241). THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE ACTIVITY FOR DETERMINING COMPENSATION IS LED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE COMPENSATION OF OTHER OFFICERS ARE DETERMINED BY THE PRESIDENT & CEO WHO ARE VESTED WITH THE AUTHORITY TO DETERMINE SUCH SALARIES. TYPICALLY, THE SALARIES REFLECT THE RANGES PORTRAYED IN COMPENSATION STUDIES AND DISCLOSED IN THE ANNUAL BUDGET APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES DOCUMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION FROM A RELATED ORGANIZATION, BETHEL NEW LIFE, INC. REPORTED IN PART VII FOR EDWARD COLEMAN AND SAUL CYVAS, IS THE COMPENSATION PAID BY BETHEL NEW LIFE, INC. FOR THEIR FULL TIME POSITIONS. BETHEL PACE CENTRE DOES NOT PAY FOR ANY OF THE SALARY OR BENEFITS FOR THESE INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII - SECTION A - COMPENSATION DISCLOSURES
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings