2025-07-15T20:57:20-05:00 2024-08-31 362996439 WSDD CPAS LTD 303 W MADISON ST SUITE 2075 CHICAGO IL 606063395 990 2023-09-01 363107283 GOOD NEWS PARTNERS GOOD 7737644998 7630 N PAULINA ST CHICAGO IL 60626 GARY THOMPSON TREASURER 7737644998 2025-07-15 1 1 WILLIAM J O'HARA P01041882 3123326622 2025-07-15 2023 2025-03-06 01:10:19Z GARY THOMPSON 7630 N PAULINA ST CHICAGO IL 60626 3590823 0 X GOODNEWSPARTNERS.ORG X 1980 IL HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES. 6 6 24 6 0 0 856047 785239 810393 667582 0 775309 3891 3002 1670331 2231132 0 0 0 0 753145 802356 0 0 89783 904960 884763 1658105 1687119 12226 544013 4993438 4617557 3927483 3003472 1065955 1614085 HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS. 0 0 1393322 667582 OPERATING EXPENSES FOR 64 UNIT HOTEL, 1 CO-OP BUILDING, 2 APARTMENT BUILDINGS AND ONE WOMEN'S SHELTER. SERVING LOW INCOME INDIVIDUALS AND FAMILIES. 1393322 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 0 0 1 24 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 DAVE VANCE DIRECTOR 1.00 X 0 0 0 KENNETH JOHNSON EXECUTIVE DIRECTOR 40.00 X 84000 0 0 84000 0 0 0 0 0 0 0 530643 254596 785239 PROGRAM SERVICE REVENU 531390 667582 667582 667582 2135000 1359691 775309 775309 748330 26979 MISCELLANEOUS 531390 3002 3002 3002 2231132 1418914 0 26979 X 705907 543019 119768 43120 48542 37341 8236 2965 47907 33443 10938 3526 28419 2392 25196 831 3536 2820 691 25 22178 1988 849 19341 100607 77940 22667 124595 124595 71666 71666 EVICTION 97147 89654 593 6900 UTILITIES 88602 88602 REAL ESTATE TAXES 82086 82086 REPAIRS AND MAINTENANCE 53482 51832 1490 160 212445 185944 13586 12915 1687119 1393322 204014 89783 225081 1086466 305787 132895 40809 24363 4669874 1807463 3922852 2862411 39777 459132 511422 4993438 4617557 285067 272398 416751 410751 2706097 1789435 519568 530888 3927483 3003472 X 777314 1614085 288641 0 1065955 1614085 4993438 4617557 544013 4117 0 X 0 0 0 X 711749 984832 924379 856047 785239 4262246 711749 984832 924379 856047 785239 4262246 287804 3974442 10052 27 10079 26326 4606 6471 3891 3002 44296 4316621 3881795 0.92070 0.93150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 323200 323200 3955762 1676553 2279209 166662 130910 35752 224250 224250 2862411 ADVANCES TO CO-OPS 473373 REAL ESTATE TAX ESCROW 38049 511422 EQUITY DUE CO-OPS 380888 ECONOMIC INJURY DISASTER LOAN 150000 530888 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 2021. AS OF AND FOR THE YEAR ENDED AUGUST 31, 2024, 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 4000 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 410751 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. FORM 990, PART IX, LINE 24E MATERIALS AND SUPPLIES: PROGRAM SERVICE EXPENSES 50165. MANAGEMENT AND GENERAL EXPENSES 470. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50635. PROVISION FOR BAD DEBTS: PROGRAM SERVICE EXPENSES 35081. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35081. PROGRAMS: PROGRAM SERVICE EXPENSES 25719. MANAGEMENT AND GENERAL EXPENSES 5280. FUNDRAISING EXPENSES 2517. TOTAL EXPENSES 33516. RUBBISH REMOVAL: PROGRAM SERVICE EXPENSES 25249. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25249. FEES AND MEMBERSHIPS: PROGRAM SERVICE EXPENSES 8416. MANAGEMENT AND GENERAL EXPENSES 5875. FUNDRAISING EXPENSES 4598. TOTAL EXPENSES 18889. FOOD: PROGRAM SERVICE EXPENSES 17416. MANAGEMENT AND GENERAL EXPENSES 220. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17636. TELEPHONE: PROGRAM SERVICE EXPENSES 12601. MANAGEMENT AND GENERAL EXPENSES 724. FUNDRAISING EXPENSES 36. TOTAL EXPENSES 13361. EXTERMINATOR: PROGRAM SERVICE EXPENSES 11065. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11065. FUND RAISING EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 4916. TOTAL EXPENSES 4916. TRAINING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 800. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 150. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 575. TOTAL EXPENSES 725. POSTAGE AND MAILING: PROGRAM SERVICE EXPENSES 82. MANAGEMENT AND GENERAL EXPENSES 217. FUNDRAISING EXPENSES 273. TOTAL EXPENSES 572.