2025-01-31T13:59:22-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-07-01 371182243 MCRC HOUSING INC MCRC 3093442323 2323 N WINDISH DRIVE GALESBURG IL 61401 WILLIAM NELSON CEO 3093442323 2025-01-31 1 1 SAMUEL A CIGELNIK P00324762 3096714500 2025-01-31 2023 2025-03-06 01:10:19Z WILLIAM NELSON 2323 N WINDISH DRIVE GALESBURG IL 61401 174654 0 X N/A X 1985 IL TO PROVIDE HOUSING TO THE ELDERLY AND DISABLED PERSONS. 6 5 0 5 0 0 0 0 185104 173234 35 33 1204 1387 186343 174654 0 0 0 0 45053 48745 0 0 0 211121 199114 256174 247859 -69831 -73205 268475 235226 898097 938053 -629622 -702827 TO PROVIDE HOUSING TO THE ELDERLY AND DISABLED PERSONS. 0 0 209094 173234 OPERATION OF AN 11 UNIT APARTMENT AND 8 UNIT GROUP HOME FOR ELDERLY AND HANDICAPPED PURSUANT TO EXEMPT PURPOSE. 209094 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 IL X BRIDGEWAY INC 3093442323 2323 N WINDISH DRIVE GALESBURG IL 61401 X STEVE TIBBITTS VICE CHAIRMAN 0.50 4.50 X X 0 0 0 DAVID GARNER CHAIRMAN 0.50 4.50 X X 0 0 0 WILLIAM NELSON CEO/PRESIDENT 0.50 6.00 X X 0 0 0 JASON DUNCAN BOARD MEMBER 0.50 4.50 X 0 0 0 CHRIS BUTCHER BOARD MEMBER 0.50 4.50 X 0 0 0 SETH MINTER BOARD MEMBER 0.50 4.50 X 0 0 0 STACI DANNER TREASURER 0.50 6.00 X 0 0 0 JENNIFER DALTON SECRETARY 0.50 6.00 X 0 0 0 0 0 0 0 0 0 0 0 HOUSING ASSISTANCE PMT 623990 126339 126339 APARTMENT CARRY CHARGE 623990 46895 46895 173234 33 33 TENANT CHARGES 623990 1025 1025 LAUNDRY & VENDING 623990 362 362 1387 174654 173234 0 1420 48745 44720 4025 13014 13014 100 100 12427 12427 8977 8977 19525 19525 59 59 34921 34921 25757 25757 15887 15887 OPERATING AND MAINTENAN 64698 64698 MORTGAGE INSURANCE PREM 2681 2681 MISC TAXES/LICENSES/PER 905 905 MISCELLANEOUS EXPENSES 163 163 247859 209094 38765 0 1703 963 1220 4716 13315 13675 907717 724776 205474 182941 46763 32931 268475 235226 339986 396017 554986 539688 3125 2348 898097 938053 X -629622 -702827 -629622 -702827 268475 235226 -73205 0 X 0 1 X 0 1 1 X 209301 203939 207218 185104 173234 978796 209301 203939 207218 185104 173234 978796 978796 52 35 23 35 33 178 2662 2157 2014 1204 1387 9424 988398 0.99030 0.98930 X 22305 22305 861487 709392 152095 9455 5346 4109 14470 10038 4432 182941 TENANT SECURITY DEPOSITS 2611 MORTGAGE ESCROW DEPOSITS 5229 RESERVE FOR REPLACEMENTS 25091 32931 TENANT SECURITY DEPOSITS 2348 2348 X 174654 0 174654 0 174654 247859 0 247859 0 247859 PART X, LINE 2: PROVISION FOR INCOME TAXES IS NOT REQUIRED SINCE THE CORPORATION IS A NONPROFIT ORGANIZATION ESTABLISHED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, INCOME TAXES ARE NOT PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES FOR UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. ORGANIZATIONS LISTED IN PART D BELO OFFICERS OF THIS ORGANIZATION ARE OFFICERS OF ORGANIZATIONS LISTED BELOW 473452 THE AMOUNT DISCLOSED INCLUDES THE AMOUNT OWED FROM THIS ORGANIZATION TO THE LISTED ORGANIZATIONS AT YEAR-END AND THE EXPENSE PAID/INCURRED TO THESE OTHER ORGANIZATIONS DURING THE CURRENT YEAR. AMOUNT DUE AT 6/30/2024 TO BRIDGEWAY, INC. AND HUMAN SERVICE PROFESSIONALS, LLC: MAINTENANCE FEE = $ 46,816 MANAGEMENT SALARY = $272,434 OTHER = $ 58,332 TOTAL = $377,582EXPENSES INCURRED AND/OR PAID TO BRIDGEWAY, INC. AND HUMAN SERVICE PROFESSIONALS LLC: MANAGEMENT AGREEMENT = $13,014 MAINTENANCE CONTRACT = $ 7,392 BOOKKEEPING FEES = $ 4,104 SALARY REIMBURSEMENT = $48,745 CLEANING EXPENSE = $22,615 TOTAL = $95,870 1 FORM 990, PART VI, SECTION A, LINE 3 DAILY MANAGEMENT SERVICES ARE PERFORMED BY HUMAN SERVICE PROFESSIONALS, LLC AND BRIDGEWAY INC. FORM 990, PART VI, SECTION A, LINE 8B DUE TO THE SIZE OF THE BOARD, THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM IS REVIEWED BY THE TREASURER AND PRESIDENT BEFORE SIGNATURE. THE RETURN IS APPROVED BY THE BOARD PRIOR TO OR AFTER FILING DEPENDING UPON TIMING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS GO THROUGH INDEPENDENCE TRAINING AND ARE REQUIRED TO REPORT ANY CONFLICTS TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. SCHEDULE R, PART V, LINE 2 TRANSACTIONS WITH RELATED PARTY: AT JUNE 30, 2024, MCRC HOUSING, INC. OWED TO BRIDGEWAY, INC. THE FOLLOWING: RESIDENT MANAGEMENT SALARY $272,434 MAINTENANCE FEES $46,816 OTHER $58,332 TOTAL AMOUNT DUE $377,582 AMOUNTS REPORTED ON SCHEDULE R, PART V, LINE 2 OTHER THAN THE AMOUNT DETAILED ABOVE, REFLECT EXPENSES INCURRED AND/OR PAID TO BRIDGEWAY, INC. FOR THE PERIOD ENDED JUNE 30, 2024. BRIDGEWAY INC 2323 N WINDISH DRIVE GALESBURG IL 61401 370984175 DIVERSIFIED SERVICES TO NEEDY IL 501(C)(3) 9 0 BRIDGEWAY FOUNDATION 2323 N WINDISH DRIVE GALESBURG IL 61401 371030683 PROPERTY MANAGEMENT IL 501(C)(3) 9 0 BRIDGEWAY TRAINING SERVICES INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371121014 EMPLOYMENT TRAINING SERVICES TO DISABLED & DISADVANTAGED IL 501(C)(3) 9 0 MCRC REHABILITATION INC 2323 N WINDISH DRIVE GALESBURG IL 61401 363558388 HOUSING TO ELDERLY AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY SANDBURG 2323 N WINDISH DRIVE GALESBURG IL 61401 371358634 HOUSING TO LOW-INCOME AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY HOMES 02 2323 N WINDISH DRIVE GALESBURG IL 61401 352196816 HOUSING TO ELDERLY AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY HOUSING INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371341741 HOUSING TO LOW-INCOME AND DISABLED IL 501(C)(3) 7 0 RESIDENTIAL FACILITIES CORPORATION 2323 N WINDISH DRIVE GALESBURG IL 61401 363682153 HOUSING TO ELDERLY AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY KEWANEE 04 2323 N WINDISH DRIVE GALESBURG IL 61401 201093505 HOUSING TO LOW-INCOME AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY MCKINLEY INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371358635 HOUSING TO ELDERLY AND DISABLED IL 501(C)(3) 7 0 MIDWEST SPECIAL RECREATION ASSOCIATION 2323 N WINDISH DRIVE GALESBURG IL 61401 371290554 RECREATIONAL PROGRAMS FOR DISABLED IL 501(C)(3) 7 0 BRIDGEWAY PROPERTIES CORPORATION 2323 N WINDISH DRIVE GALESBURG IL 61401 363454961 FURNISH SERVICES/FACILITIES TO OTHER ORGANIZATIONS IL 501(C)(2) 7 0 ILLINOIS GROWTH ENTERPRISES 7200 CLINTON ROAD LOVES PARK IL 61111 362694680 VOCATIONAL DEVELOPMENT & EMPLOYMENT TRAINING IL 501(C)(3) 9 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 BRIDGEWAY INC M 34111 BRIDGEWAY INC E 377582 BRIDGEWAY INC P 48745