2024-07-15T16:28:40-05:00 2023-08-31 362996439 WSDD CPAS LTD 303 W MADISON ST SUITE 2075 CHICAGO IL 606063395 990 2022-09-01 363107283 GOOD NEWS PARTNERS GOOD 7737644998 1600 W JONQUIL TERRACE CHICAGO IL 60626 KENNETH JOHNSON EXECUTIVE DIRECTOR 7737644998 2024-07-15 1 KENNETH JOHNSON 999009999 0 ROBERT REHAYEM P00075874 3123326622 2024-07-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KENNETH JOHNSON 1600 W JONQUIL TERRACE CHICAGO IL 60626 1670331 0 X GOODNEWSPARTNERS.ORG X 1980 IL HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES. 6 6 29 0 0 0 924379 856047 790387 810393 0 0 6471 3891 1721237 1670331 0 0 0 0 798686 753145 0 0 47299 904478 904960 1703164 1658105 18073 12226 4834922 4993438 3781193 3927483 1053729 1065955 HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS. 0 0 1429643 810393 OPERATING EXPENSES FOR 64 UNIT HOTEL, 1 CO-OP BUILDING, 3 APARTMENT BUILDINGS AND ONE WOMEN'S SHELTER. SERVING LOW INCOME INDIVIDUALS AND FAMILIES. 1429643 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X KENNETH JOHNSON 7737644998 7630 N PAULINA ST CHICAGO IL 60626 MARK STRINGER BOARD CHAIR 1.00 X X 0 0 0 STEVE GREENHOW VICE CHAIR 1.00 X X 0 0 0 ARTHUR BUD OGLE PRESIDENT-EMERITUS 1.00 X X 0 0 0 GARY THOMPSON TREASURER 8.00 X X 0 0 0 TIMOTHY WILLIAMS DIRECTOR 1.00 X 0 0 0 JEROME HOPKINS DIRECTOR 1.00 X 0 0 0 KENNETH JOHNSON EXECUTIVE DIRECTOR 40.00 X 84994 0 0 84994 0 0 0 0 0 0 0 505798 350249 856047 PROGRAM SERVICE REVENU 531390 810393 810393 810393 MISCELLANEOUS 531390 3891 3891 3891 1670331 814284 0 0 84994 68387 14478 2129 580277 466901 98843 14533 44296 35642 7545 1109 43578 33268 8957 1353 31810 2271 28875 664 10187 9113 1074 18299 530 752 17017 109002 96166 12836 122890 122890 48625 48625 PROVISION FOR BAD DEBTS 145066 145066 UTILITIES 114670 114670 REAL ESTATE TAXES 104248 104248 EVICTION 37226 35290 1421 515 162937 146576 6382 9979 1658105 1429643 181163 47299 364011 225081 54411 305787 37171 40809 5926502 2003650 3949978 3922852 39777 39777 389574 459132 4834922 4993438 329091 285067 436751 416751 2506650 2706097 508701 519568 3781193 3927483 X 568066 777314 485663 288641 1053729 1065955 4834922 4993438 12226 0 X 0 0 0 X 638455 711749 984832 924379 856047 4115462 638455 711749 984832 924379 856047 4115462 212106 3903356 18812 10052 27 28891 4586 26326 4606 6471 3891 45880 4190233 3992845 0.93150 0.94410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 513200 513200 5045298 1877546 3167752 172199 126104 46095 195805 195805 3922852 UTILITY DEPOSITS 110 ADVANCES TO CO-OPS 412438 REAL ESTATE TAX ESCROW 46584 459132 EQUITY DUE CO-OPS 369568 ECONOMIC INJURY DISASTER LOAN 150000 519568 X 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 2020. AS OF AND FOR THE YEAR ENDED AUGUST 31, 2023, MANAGMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS. BUD AND DONNA OGLE WORKING CAPITAL X 30000 30000 0 1 0 BUD AND DONNA OGLE MORTGAGE X 40000 40000 0 1 0 BUD OGLE MORTGAGE X 80000 51184 0 1 0 BUD AND DONNA OGLE WORKING CAPITAL X 20000 20000 0 1 0 BUD AND DONNA OGLE WORKING CAPITAL X 24380 24380 0 1 0 WILLIAM ROBINSON WORKING CAPITAL X 10000 10000 0 1 1 DARIN CAULEY MORTGAGE X 10000 10000 0 1 1 BUD OGLE MORTGAGE X 10000 10000 0 1 1 ERIC WARD MORTGAGE X 10000 10000 0 1 1 DONNA OGLE WORKING CAPITAL X 40000 40000 0 1 0 DONNA OGLE WORKING CAPITAL X 10000 10000 0 1 1 BUD AND DONNA OGLE WORKING CAPITAL X 80000 80000 0 1 1 BUD AND DONNA OGLE WORKING CAPITAL X 50000 50000 0 1 1 BUD AND DONNA OGLE WORKING CAPITAL X 27813 27813 0 1 1 BUD OGLE MORTGAGE X 3374 3374 0 1 1 416751 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.