Civic Intelligence

Beth-Anne Residences

990 • Fiscal year 2022 • EIN 36-3999938

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 06, 2023

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

99th percentile

1.77x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

6.61x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

14th percentile

-16%

Higher net margin than 14% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

34th percentile

-3.7%

Faster asset growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

50th percentile

4.7%

Faster revenue growth than 50% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,975,593

Down $228,471 (-3.7%) from 2021

Net Assets

Down

-$4,576,176

Down $262,241 (-6.1%) from 2021

Liabilities

Up

$10,551,769

Up $33,770 (+0.3%) from 2021

Revenue

Up

$1,595,352

Up $71,648 (+4.7%) from 2021

Expenses

Up

$1,857,593

Up $184,353 (+11%) from 2021

Net Income

Down

-$262,241

Down $112,705 (-75%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0M-$10MAssets 2013: $7,887,185Liabilities 2013: $10,547,803Net Assets 2013: -$2,660,6182013Assets 2014: $7,665,659Liabilities 2014: $10,509,570Net Assets 2014: -$2,843,9112014Assets 2015: $7,492,387Liabilities 2015: $10,504,256Net Assets 2015: -$3,011,8692015Assets 2016: $7,289,236Liabilities 2016: $10,477,597Net Assets 2016: -$3,188,3612016Assets 2017: $7,182,481Liabilities 2017: $10,533,188Net Assets 2017: -$3,350,7072017Assets 2018: $7,002,067Liabilities 2018: $10,607,903Net Assets 2018: -$3,605,8362018Assets 2019: $6,658,430Liabilities 2019: $10,510,202Net Assets 2019: -$3,851,7722019Assets 2021: $6,204,064Liabilities 2021: $10,517,999Net Assets 2021: -$4,313,9352021Assets 2022: $5,975,593Liabilities 2022: $10,551,769Net Assets 2022: -$4,576,1762022Assets 2023: $5,655,168Liabilities 2023: $10,526,334Net Assets 2023: -$4,871,1662023Assets 2024: $5,465,460Liabilities 2024: $10,561,718Net Assets 2024: -$5,096,2582024Assets 2025: $5,187,321Liabilities 2025: $10,646,409Net Assets 2025: -$5,459,0882025

Highlighted filing

2022

Assets$5,975,593
Liabilities$10,551,769
Net Assets-$4,576,176

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2013: $1,559,0762013Revenue 2014: $1,393,606Expenses 2014: $1,576,899Net Income 2014: -$183,2932014Revenue 2015: $1,373,189Expenses 2015: $1,541,147Net Income 2015: -$167,9582015Revenue 2016: $1,442,551Expenses 2016: $1,619,043Net Income 2016: -$176,4922016Revenue 2017: $1,380,419Expenses 2017: $1,542,765Net Income 2017: -$162,3462017Revenue 2018: $1,372,098Expenses 2018: $1,627,227Net Income 2018: -$255,1292018Revenue 2019: $1,382,351Expenses 2019: $1,628,287Net Income 2019: -$245,9362019Revenue 2021: $1,523,704Expenses 2021: $1,673,240Net Income 2021: -$149,5362021Revenue 2022: $1,595,352Expenses 2022: $1,857,593Net Income 2022: -$262,2412022Revenue 2023: $1,587,211Expenses 2023: $1,882,201Net Income 2023: -$294,9902023Revenue 2024: $1,646,526Expenses 2024: $1,871,618Net Income 2024: -$225,0922024Revenue 2025: $1,607,074Expenses 2025: $1,969,904Net Income 2025: -$362,8302025

Highlighted filing

2022

Revenue$1,595,352
Expenses$1,857,593
Net Income-$262,241
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 6, 2023
Return Version
2021v4.2
Gross Receipts
$1,595,352
Mission and Program Overview

Mission

The organization owns and operates a 125 unit residential rental facility for the elderly and disabled individuals pursuant to section 202 of the national housing act.

The organization's mission is to provide housing for the low income elderly and disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,425,278$5,077,729▼ $347,549
Prepaid Expenses and Deferred Charges$71,877$77,707▲ $5,830
Accounts Receivable$25,184$33,245▲ $8,061
Cash and Non-Interest-Bearing Accounts$16,621$1,359▼ $15,262
Total Assets$6,204,064$5,975,593▼ $228,471
Other Assets Total$665,104$785,553▲ $120,449
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,371,000$10,371,000→ $0
Accounts Payable and Accrued Expenses$109,860$140,097▲ $30,237
Other Liabilities$36,342$38,213▲ $1,871
Deferred Revenue$797$2,459▲ $1,662
Total Liabilities$10,517,999$10,551,769▲ $33,770
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,313,935$-4,576,176▼ $262,241
Total Net Assets Fund Balance$-4,313,935$-4,576,176▼ $262,241
Total Liabilities and Net Assets / Fund Balance$6,204,064$5,975,593▼ $228,471

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,604,809$5,920,468$10,525,277
Leasehold Improvements$279,254$685,185$964,439
Other Land Buildings$193,529$397,620$591,149
Equipment$137$125,872$126,009
Other Assets Org$9,985--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew CurtisChairman
Sharif WalkerPresident
Vauna HernandezVice-chair
Alberta LudingtonDirector
Deborah WilliamsDirector
Dinah HuffDirector
Frank BassDirector
Sherman HicksDirector
Lolita SlaughterFinance Director
Jeremy EdelsonSecretary
Mahomed OuedragoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shield Security ServicesSecurity Services321 NORTH CICERO, Chicago, IL 60644$228,636
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,595,318
Investment Income
$34
Other Revenue
$0
Change in Net Assets
$-262,241

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,595,352
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,595,352
Total Revenue per Form 990
$1,595,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,323,114
Salaries, Compensation, and Employee Benefits$534,479
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$312,979$137,805-$450,784
Depreciation Depletion$383,996--$383,996
Insurance$108,958--$108,958
Fees for Services Management$94,679--$94,679
Other Expenses$53,891$11,466-$65,357
Other Employee Benefits$61,220--$61,220
All Other Expenses$10,491$18,480-$28,971
Payroll Taxes$22,475--$22,475
Fees for Services Accounting-$15,000-$15,000
Fees for Services Other-$11,850-$11,850
Fees for Services Legal-$3,233-$3,233
Travel$708--$708
Total Functional Expenses$1,659,759$197,834$0$1,857,593

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,857,593
Total Expenses per Audited Statements$1,857,593
Total Expenses per Form 990$1,857,593
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
Security Deposits$38,213
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, 2022 and 2021, management fees were $94,679 and $90,300, respectively. Management fees are based on approximately 5.68 percent of monthly rental collections, capped at $58.12. Effective september 1, 2018, management fees are based on 6.00 percent of monthly rental collections with no cap. As of june 30, 2022 and 2021, property management fees payable were $7,517 and $7,498, 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 after 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

Annually, the organization monitors and enforces its policies through the board term renewal process at the first meeting of each fiscal year.

Form 990, Part VI, Section C, Line 19

The organization makes all docuements available at its business address during normal business hours.

Form 990, Part VI, Section B, Line 15

Compensation review procedures are performed by a related organization, bethel new life, inc. (xxx-xx-xxxx). 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.

Filing and Contact Details

Filer

Filer Name
Beth-anne Residences
EIN
36-3999938
Phone
7734737870
Address
1140 N LAMON AVE, CHICAGO, IL 60651

Signing Officer

Name
Sharif Walker
Title
President & CEO
Phone
7734737870
Signed
2023-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharif Walker
Formed
1998
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Cohnreznick Llp
Address
1 SOUTH WACKER DRIVE SUITE 3550, CHICAGO, IL 60606
Preparer
Nathaniel R Adams
Phone
3125085900
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, 2022 and 2021, 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 535 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/BOYAmt0109860
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0140097
IRS990/AccountsReceivableGrp/BOYAmt025184
IRS990/AccountsReceivableGrp/EOYAmt033245
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING FOR THE LOW INCOME ELDERLY AND DISABLED INDIVIDUALS.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt018480
IRS990/AllOtherExpensesGrp/ProgramServicesAmt010491
IRS990/AllOtherExpensesGrp/TotalAmt028971
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SHARIF WALKER
IRS990/BooksInCareOfDetail/PhoneNum07734737870
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01140 N LAMON AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060651
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt016621
IRS990/CashNonInterestBearingGrp/EOYAmt01359
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0228636
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0321 NORTH CICERO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060644
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SHIELD SECURITY SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc0SECURITY SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt034
IRS990/CYOtherExpensesAmt01323114
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01595318
IRS990/CYRevenuesLessExpensesAmt0-262241
IRS990/CYSalariesCompEmpBnftPaidAmt0534479
IRS990/CYTotalExpensesAmt01857593
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01595352
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0797
IRS990/DeferredRevenueGrp/EOYAmt02459
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0383996
IRS990/DepreciationDepletionGrp/TotalAmt0383996
IRS990/Desc0THE ORGANIZATION'S PRIMARY PROGRAM IS TO PROVIDE AN ASSISTED LIVING FACILITY FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01659759
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015000
IRS990/FeesForServicesAccountingGrp/TotalAmt015000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03233
IRS990/FeesForServicesLegalGrp/TotalAmt03233
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt094679
IRS990/FeesForServicesManagementGrp/TotalAmt094679
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt011850
IRS990/FeesForServicesOtherGrp/TotalAmt011850
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.00
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/OtherCompensationAmt00
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/PersonNm0SHARIF WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm1ANDREW CURTIS
IRS990/Form990PartVIISectionAGrp/PersonNm2VAUNA HERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3LOLITA SLAUGHTER
IRS990/Form990PartVIISectionAGrp/PersonNm4MAHOMED OUEDRAGO
IRS990/Form990PartVIISectionAGrp/PersonNm5JEREMY EDELSON
IRS990/Form990PartVIISectionAGrp/PersonNm6FRANK BASS
IRS990/Form990PartVIISectionAGrp/PersonNm7SHERMAN HICKS
IRS990/Form990PartVIISectionAGrp/PersonNm8DINAH HUFF
IRS990/Form990PartVIISectionAGrp/PersonNm9ALBERTA LUDINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm10DEBORAH WILLIAMS
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3FINANCE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01595352
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0108958
IRS990/InsuranceGrp/TotalAmt0108958
IRS990/InvestmentIncomeGrp/ExclusionAmt034
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07129145
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05425278
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05077729
IRS990/LandBldgEquipCostOrOtherBssAmt012206874
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 125 UNIT RESIDENTIAL RENTAL FACILITY FOR THE ELDERLY AND DISABLED INDIVIDUALS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010371000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010371000
IRS990/NetAssetsOrFundBalancesBOYAmt0-4313935
IRS990/NetAssetsOrFundBalancesEOYAmt0-4576176
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-4313935
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-4576176
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0665104
IRS990/OtherAssetsTotalGrp/EOYAmt0785553
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt061220
IRS990/OtherEmployeeBenefitsGrp/TotalAmt061220
IRS990/OtherExpensesGrp/Desc0SECURITY SERVICES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011466
IRS990/OtherExpensesGrp/ProgramServicesAmt0228636
IRS990/OtherExpensesGrp/ProgramServicesAmt1214481
IRS990/OtherExpensesGrp/ProgramServicesAmt2167245
IRS990/OtherExpensesGrp/ProgramServicesAmt353891
IRS990/OtherExpensesGrp/TotalAmt0228636
IRS990/OtherExpensesGrp/TotalAmt1214481
IRS990/OtherExpensesGrp/TotalAmt2167245
IRS990/OtherExpensesGrp/TotalAmt365357
IRS990/OtherLiabilitiesGrp/BOYAmt036342
IRS990/OtherLiabilitiesGrp/EOYAmt038213
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0137805
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0312979
IRS990/OtherSalariesAndWagesGrp/TotalAmt0450784
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt022475
IRS990/PayrollTaxesGrp/TotalAmt022475
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071877
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt077707
IRS990/PrincipalOfficerNm0SHARIF WALKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE - TENAN
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01092327
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1500600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22391
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01092327
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1500600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22391
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0140
IRS990/PYOtherExpensesAmt01221935
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01523564
IRS990/PYRevenuesLessExpensesAmt0-149536
IRS990/PYSalariesCompEmpBnftPaidAmt0451305
IRS990/PYTotalExpensesAmt01673240
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01523704
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-262241
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01593927
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01339
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01776
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01482
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04781
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01595318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01523564
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01397658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01380575
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01370616
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07267731
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01339
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01776
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01482
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04781
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt07267731
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01595318
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01523564
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01397658
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01380575
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01370616
IRS990ScheduleA/Total509Grp/TotalAmt07267731
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01595362
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01523704
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01398997
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01382351
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01372098
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07272512
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04604809
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05920468
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010525277
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0125872
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0126009
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01857593
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0279254
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0685185
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0964439
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044292
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1705801
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt225475
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt39985
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INSURANCE ESCROW
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0193529
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0397620
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0591149
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01595352
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, 2022 AND 2021, 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/TotalBookValueLandBuildingsAmt05077729
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0785553
IRS990ScheduleD/TotalExpensesPerForm990Amt01857593
IRS990ScheduleD/TotalLiabilityAmt038213
IRS990ScheduleD/TotalRevenuePerForm990Amt01595352
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01595352
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01857593
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, 2022 AND 2021, MANAGEMENT FEES WERE $94,679 AND $90,300, RESPECTIVELY. MANAGEMENT FEES ARE BASED ON APPROXIMATELY 5.68 PERCENT OF MONTHLY RENTAL COLLECTIONS, CAPPED AT $58.12. EFFECTIVE SEPTEMBER 1, 2018, MANAGEMENT FEES ARE BASED ON 6.00 PERCENT OF MONTHLY RENTAL COLLECTIONS WITH NO CAP. AS OF JUNE 30, 2022 AND 2021, PROPERTY MANAGEMENT FEES PAYABLE WERE $7,517 AND $7,498, 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 AFTER 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/ExplanationTxt2ANNUALLY, THE ORGANIZATION MONITORS AND ENFORCES ITS POLICIES THROUGH THE BOARD TERM RENEWAL PROCESS AT THE FIRST MEETING OF EACH FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ALL DOCUEMENTS AVAILABLE AT ITS BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY A RELATED ORGANIZATION, BETHEL NEW LIFE, INC. (XXX-XX-XXXX). 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/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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings