2025-10-28T14:52:53-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2024-01-01 364032118 FOUNDATION FOR HOMAN SQUARE F/K/A HOMAN ARTHINGTON FOUNDATION FOUN 6309908990 906 S HOMAN AVE CHICAGO IL 60624 RODNEY JONES-TYSON BOARD CHAIR 6309908990 2025-10-28 1 1 LAURA KIELCZEWSKI P00740769 9732283500 2025-10-28 2024 2025-03-06 01:10:19Z SUZA LEAO-REUTER 906 S HOMAN AVE CHICAGO IL 60624 1628839 0 X WWW.HOMANSQUARE.ORG X 2012 IL FACILITATE, ENCOURAGE, AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOMEOWNERSHIP, COMMUNITY REDEVELOPMENT, AND OTHER CHARITABLE ACTIVITIES. 6 6 0 6 0 0 158330 239400 1352343 1316023 23500 8920 111747 64496 1645920 1628839 1983 1236 0 0 0 0 0 0 0 3460361 2926842 3462344 2928078 -1816424 -1299239 51891398 52614674 2175506 4109548 49715892 48505126 FACILITATE, ENCOURAGE AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOME OWNERSHIP, COMMUNITY REDEVELOPMENT AND OTHER CHARITABLE ACTIVITIES 0 0 2425450 1236 1380519 FACILITATE, ENCOURAGE AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOME OWNERSHIP, COMMUNITY REDEVELOPMENT AND OTHER CHARITABLE ACTIVITIES 2425450 1 1 0 0 0 0 0 0 0 0 1 1 0 1 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 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 IL X CASEY ROONEY 6309908990 906 S HOMAN AVE CHICAGO IL 60624 X BRENDA PALMS BARBER TREASURER 1.00 X X 0 0 0 MICHAEL HALBERT MEMBER 1.00 X 0 0 0 NANCY OLSON MEMBER 1.00 X 0 0 0 RODNEY JONES-TYSON BOARD CHAIR 1.00 X X 0 0 0 SHEILA MCNARY MEMBER 1.00 X 0 0 0 YVONNE SHIELDS MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 5375 234025 239400 RENT 531110 770952 770952 RENTAL INCOME 531110 545071 545071 1316023 8920 8920 ASSET MANAGEMENT FEE 900099 50166 50166 MANAGEMENT FEES 900099 14330 14330 64496 1628839 1380519 0 8920 1236 1236 762455 426605 335850 12575 12575 56650 56650 1250 1250 96303 96303 107877 107877 14700 14700 1295052 1295052 64523 64523 REPAIRS AND MAINTENANCE 433472 433472 LOSS ON INVESTMENT IN S 81985 81985 2928078 2425450 502628 0 953910 894643 82025 21525 1495490 3583477 44290030 15352711 30194148 28937319 818823 898534 14201131 14119146 4145871 4160030 51891398 52614674 299223 240468 2330 630643 2665316 1243310 1203764 2175506 4109548 X 43845112 42229199 5870780 6275927 49715892 48505126 51891398 52614674 -1299239 88473 0 X 0 1 X 1 0 X 432406 169080 279150 158330 239400 1278366 432406 169080 279150 158330 239400 1278366 1278366 41557 26 26 23500 8920 74029 154413 72621 109921 111747 64496 513198 1865593 6378266 0.68520 0.61320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DEVELOPER FEE - 2022 AMOUNT: $ 39,128. 2023 AMOUNT: $ 39,128. MISC INCOME - 2020 AMOUNT: $ 1,343. 2021 AMOUNT: $ 3,605. MANAGEMENT FEES - 2020 AMOUNT: $ 108,499. 2021 AMOUNT: $ 23,114. 2022 AMOUNT: $ 23,507. 2023 AMOUNT: $ 23,913. 2024 AMOUNT: $ 14,330. ASSET MANAGEMENT FEE - 2020 AMOUNT: $ 44,571. 2021 AMOUNT: $ 45,902. 2022 AMOUNT: $ 47,286. 2023 AMOUNT: $ 48,706. 2024 AMOUNT: $ 50,166. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 283567 283567 42941449 14297139 28644310 1065014 1055572 9442 28937319 INVESTMENT IN SUBSIDIARY 14119146 F 14119146 DUE FROM AFFILIATES 3770013 DEFERRED LEASE ASSET 390017 4160030 DUE TO AFFILIATES 1203764 1203764 X PART X, LINE 2: FOUNDATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE IRC AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2024. DUE TO ITS TAX-EXEMPT STATUS, FOUNDATION IS NOT SUBJECT TO INCOME TAXES. FOUNDATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND FOUNDATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO 2021 ARE CLOSED, AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE FINANCIAL STATEMENT AUDIT, THE ORGANIZATION'S FINANCIAL MANAGERS REVIEW A DRAFT OF THE RELEVANT FORMS FOR APPROVAL PRIOR TO THE FINAL FILING OF SUCH DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICES DURING NORMAL BUSINESS HOURS. 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