Totals
- Total revenue
- $1,281,533
- Total expenses
- $1,463,283
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,274,873
- Investment income
- $25
- Other revenue
- $6,635
- Total assets, end of year
- $6,339,073
- Total liabilities, end of year
- $10,478,762
- Net assets or fund balances, end of year
- -$4,139,689
- Program services expenses (Part IX)
- $1,286,200
- Management and general expenses
- $177,083
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,286,200
Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: TENANT ASSISTANT PAYME
total $975,390 · related or exempt $975,390
-
2b · Program service revenue: RENTAL REVENUE
total $299,483 · related or exempt $299,483
-
3 · Investment income
total $25 · excluded $25
-
11a · Other revenue: OTHER REVENUE
total $6,385 · related or exempt $6,385
-
11b · Other revenue: LAUNDRY & VENDING
total $250 · related or exempt $250
-
11e · Other revenue, total
$6,635
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $216,787 · program services $170,982 · management and general $45,805
-
9 · Other employee benefits
total $21,158 · program services $21,158
-
10 · Payroll taxes
total $14,747 · program services $14,747
-
11a · Fees: management
total $72,260 · program services $72,260
-
11b · Fees: legal
total $4,991 · management and general $4,991
-
11c · Fees: accounting
total $35,110 · management and general $35,110
-
12 · Advertising and promotion
total $175 · program services $175
-
13 · Office expenses
total $26,491 · program services $26,491
-
14 · Information technology
total $8,105 · management and general $8,105
-
20 · Interest
total $8,046 · management and general $8,046
-
22 · Depreciation, depletion and amortization
total $325,056 · program services $325,056
-
23 · Insurance
total $82,371 · program services $82,371
-
24a · Other expenses: UTILITIES
total $281,205 · program services $281,205
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $211,465 · program services $155,755 · management and general $55,710
-
24c · Other expenses: SECURITY SERVICES
total $135,943 · program services $135,943
-
24d · Other expenses: BAD DEBTS
total $15,432 · management and general $15,432
-
24e · All other expenses
total $3,941 · program services $57 · management and general $3,884
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $69,604 · end of year $71,642
-
4 · Accounts receivable
beginning of year $42,776 · end of year $31,544
-
9 · Prepaid expenses and deferred charges
beginning of year $65,159 · end of year $59,095
-
10a · Land, buildings and equipment: cost or other basis
$11,727,414
-
10b · Land, buildings and equipment: accumulated depreciation
$6,035,961
-
10c · Land, buildings and equipment, net
beginning of year $5,895,594 · end of year $5,691,453
-
15 · Other assets
beginning of year $509,314 · end of year $485,339
-
17 · Accounts payable and accrued expenses
beginning of year $115,598 · end of year $50,649
-
19 · Deferred revenue
beginning of year $18,290 · end of year $15,828
-
23 · Secured mortgages and notes payable
beginning of year $9,988,700 · end of year $9,988,700
-
25 · Other liabilities
beginning of year $417,798 · end of year $423,585
-
27 · Net assets without donor restrictions
beginning of year -$3,957,939 · end of year -$4,139,689
Mission and programs · 2022
Mission
PROVIDE ASSISTED LIVING AND HOUSING FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS
-
THE ORGANIZATION'S PRIMARY PROGRAM IS TO PROVIDE AN ASSISTED LIVING FACILITY FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS, AS WELL AS TO PROVIDE ANCILLARY SERVICES TO RESIDENTS, INCLUDING BUT NOT LIMITED TO ACTIVITIES AND SOCIAL SERVICES.
Expenses $1,286,200 · Revenue $1,281,508
As filed on the 2022 return.
Listed in Part VII
-
Sharif WalkerSHARIF WALKER
PRESIDENT / CEO
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Andrew CurtisANDREW CURTIS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Vauna HernandezVAUNA HERNANDEZ
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Lolita SlaughterLOLITA SLAUGHTER
FINANCE DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Mahomed OuedragoMAHOMED OUEDRAGO
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Jeremy EdelsonJEREMY EDELSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Frank BassFRANK BASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Sherman HicksSHERMAN HICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Deborah WilliamsDEBORAH WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Claribel RodriguezCLARIBEL RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Gloria GreenGLORIA GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Virginia SpitzerVIRGINIA SPITZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Joe YoungJOE YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · TO ENABLE A HEALTHIER AND SUSTAINABLE COMMUNITY OF THE WEST SIDE OF CHICAGO · IL
-
BETHEL PACE CENTRE
501(C)(3) · HOUSING · IL · controlled entity
Directly controlled by BETHEL NEW LIFE INC
-
501(C)(3) · HOUSING · IL · controlled entity
Directly controlled by BETHEL NEW LIFE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 December 2024
- IRS schema version
- 2022v5.0
- Source object
- 202510159349302726
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