2025-11-14T07:39:23-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1305 WALT WHITMAN ROAD SUITE 210 MELVILLE NY 11747 990 2024-03-08 992756719 XCHANGE CHICAGO SUPPORT CORPORATION XCHA 3124914460 7247 S SOUTH CHICAGO AVENUE CHICAGO IL 60619 GREGORY MOONEY PRESIDENT 3124914460 2025-11-11 1 1 ZACHARY SEGAL P01511850 5163365500 2025-11-11 2024 2025-03-06 01:10:19Z X GREGORY MOONEY 7247 S SOUTH CHICAGO AVENUE CHICAGO IL 60619 735763 0 X HTTPS://XCHANGECHICAGO.ORG/ X 2024 IL THE CORPORATION IS ORGANIZED TO CARRY OUT THE PURPOSES OF XCHANGE CHICAGO, INC. 5 5 0 5 0 0 734688 0 1075 0 735763 0 0 0 0 0 36729 36729 699034 15023104 14324070 699034 X THE CORPORATION IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF XCHANGE CHICAGO, INC. (THE "SPONSOR"). THE SPONSOR IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING PROVIDING ACCESS TO SKILLS TRAINING IN TECHNOLOGY, HEALTH CARE AND HOSPITALITY FOR UNDERSERVED AND UNDERINVESTED COMMUNITIES ON CHICAGO'S SOUTH SIDE. 0 0 27120 THE CORPORATION'S ONLY ACTIVITIES ARE TO (I) ACQUIRE AND HOLD TITLE TO LAND AND AN EXISTING FACILITY LOCATED AT 7247-7257 S. SOUTH CHICAGO AVENUE, CHICAGO, ILLINOIS 60619 IN CHICAGO'S WOODLAWN NEIGHBORHOOD IN AN AREA KNOWN AS GRAND CROSSING (THE "PROPERTY"), (II) RENOVATE AND IMPROVE THE PROPERTY TO SERVE AS A HUB FOR TECHNOLOGY SKILLS TRAINING AND JOB CREATION (THE "PROJECT"), (III) OBTAIN FINANCING TO DEVELOP THE PROPERTY, INCLUDING BORROWING LOW-INTEREST RATE FUNDS FROM THIRD-PARTY LENDERS, AND (IV) LEASE THE PROJECT TO ITS RELATED PARTY SPONSOR FOR OPERATION IN FURTHERANCE OF THE SPONSOR'S ABOVE DESCRIBED CHARITABLE AND EDUCATIONAL PURPOSES. THE CORPORATION'S DEVELOPMENT AND LEASE OF THE PROJECT WILL ALLOW THE SPONSOR TO EXPAND ITS ACTIVITIES, PROVIDING ACCESS TO JOB TRAINING, TECHNICAL AND COMPUTER-RELATED SKILLS, INFORMATION TECHNOLOGY AND COMPUTER ENGINEERING APPRENTICESHIP PROGRAMS, AS WELL AS EDUCATIONAL HEALTH AND SOCIAL SERVICES, RESOURCES, AND HOLISTIC SUPPORT WITH ITS COMMUNITY PARTNERS. 27120 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IL X GREGORY MOONEY 3122741094 7247 S SOUTH CHICAGO AVE CHICAGO IL 60619 X GREGORY MOONEY PRESIDENT 1.00 X X 0 0 0 MONICA CARNEY TREASURER 1.00 X X 0 0 0 CHARLES WHITAKER SECRETARY 1.00 X X 0 0 0 PATRICIA REDD DIRECTOR 1.00 X 0 0 0 STEVEN WALLER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 734688 734688 1075 1075 735763 0 0 1075 9389 9389 188 188 32 32 27120 27120 36729 27120 9609 0 3488795 11162751 0 0 11162751 0 371558 0 15023104 1652210 12660000 0 11860 0 14324070 X 699034 0 699034 0 15023104 699034 0 X 0 1 X 1 0 X X 1 XCHANGE CHICAGO INC 923697606 7 1 0 27120 1 0 27120 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 SCHEDULE A, PART IV, LINE 11A: THE CORPORATION RECEIVED CONTRIBUTIONS IN THE AMOUNT OF $734,688 FROM XCHANGE CHICAGO, INC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 100000 2400000 2400000 8662751 8662751 11162751 DUE TO RELATED PARTIES 11860 11860 X 735763 0 735763 0 735763 36729 0 36729 0 36729 PART X, LINE 2: THE ENTITIES HAVE APPLIED FOR AND RECEIVED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS TAX-EXEMPT ENTITIES PURSUANT TO SECTIONS 501(C)(3) AND 509(A) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS REVENUE FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO THEIR TAX-EXEMPT STATUS, THE ENTITIES ARE NOT SUBJECT TO INCOME TAXES.THE ENTITIES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ENTITIES AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. ACCORDINGLY, THESE COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE ENTITIES ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE INCEPTION REMAIN OPEN. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE DRAFT OF FORM 990, INCLUDING ALL REQUIRED SCHEDULES, IS PROVIDED TO EACH VOTING MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THE DRAFT IS DISTRIBUTED ELECTRONICALLY, AND BOARD MEMBERS ARE GIVEN AN OPPORTUNITY TO REVIEW AND RAISE QUESTIONS OR COMMENTS. THE REVIEW PROCESS IS COORDINATED BY THE BOARD CHAIR, AND ANY FEEDBACK RECEIVED IS ADDRESSED IN CONSULTATION WITH THE ORGANIZATION'S TAX PREPARER. FINAL APPROVAL IS OBTAINED BEFORE SUBMISSION TO ENSURE ACCURACY AND TRANSPARENCY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL DISCLOSURE PROCESS. EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS REQUIRED TO COMPLETE A CERTIFICATION AND DISCLOSURE FORM ANNUALLY, AFFIRMING THEY HAVE READ, UNDERSTOOD, AND AGREED TO COMPLY WITH THE POLICY. THE ORGANIZATION MAINTAINS A RECORD OF THESE DISCLOSURES AND REVIEWS THEM TO IDENTIFY ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. XCHANGE CHICAGO INC 7247 S SOUTH CHICAGO AVE CHICAGO IL 60619 923697606 PROVIDE ACCESS TO SKILLS TRAINING IN TECHNOLOGY, HEALTH CARE AND HOSPITALITY IL 501(C)(3) LINE 7 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0