2025-01-31T13:58:52-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-07-01 363682153 RESIDENTIAL FACILITIES CORPORATION RESI 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 210118 0 X N/A X 1989 IL TO PROVIDE HOUSING TO ELDERLY AND DISABLED. 6 5 0 5 0 0 0 0 195959 209092 11 -5101 211 1008 196181 204999 0 0 0 0 17603 18275 0 0 0 172402 167651 190005 185926 6176 19073 269797 265821 760073 737024 -490276 -471203 TO PROVIDE HOUSING TO THE ELDERLY AND THE DISABLED. 0 0 148132 209092 OPERATION OF A 15 UNIT APARTMENT PROJECT FOR DISABLED INDIVIDUALS PURSUANT TO EXEMPT PURPOSE. 148132 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 3 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 153452 153452 APARTMENT CARRY CHARGE 623990 55640 55640 209092 18 18 5119 -5119 -5119 -5119 OTHER REVENUE 623990 1008 1008 1008 204999 209092 0 -4093 18275 14250 4025 14842 14842 13374 13374 5331 5331 20278 20278 59 59 39299 39299 16347 16347 17679 17679 OPERATING AND MAINTENAN 37058 37058 MORTGAGE INSURANCE PREM 3036 3036 MISC TAXES/LICENSES/PER 185 185 MISCELLANEOUS EXPENSES 163 163 185926 148132 37794 0 6493 7209 311 464 15713 16443 1174980 970030 217550 204950 29730 36755 269797 265821 107635 103051 647708 630133 4730 3840 760073 737024 X -490276 -471203 -490276 -471203 269797 265821 19073 0 X 0 1 X 0 1 1 X 206369 158928 193316 195959 209092 963664 206369 158928 193316 195959 209092 963664 963664 30 8 5 11 18 72 1014 1239 1230 211 1008 4702 968438 0.99510 0.99500 X 43000 43000 1080713 920980 159733 21714 19497 2217 29553 29553 0 204950 RESERVE FOR REPLACEMENTS 23534 RESIDUAL RECEIPTS RESERVE 3755 TENANT SECURITY DEPOSITS 4059 MORTGAGE ESCROW DEPOSITS 5407 36755 TENANT SECURITY DEPOSITS 3840 3840 X 210118 5119 5119 204999 0 204999 191045 5119 5119 185926 0 185926 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL 5,119. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL 5,119. ORGANIZATIONS LISTED IN PART D BELO OFFICERS OF THIS ORGANIZATION ARE OFFICERS OF ORGANIZATIONS LISTED BELOW 144561 THE AMOUNT DISCLOSED INCLUDES THE AMOUNT OWED FROM THIS ORGANIZATION TO THE LISTED ORGANIZATIONS AT YEAR-END AND THE EXPENSE PAID/INCURRED TO THESE ORGANIZATIONS DURING THE CURRENT YEAR.AMOUNT DUE AT 6/30/2024 TO BRIDGEWAY, INC. AND HUMAN SERVICE PROFESSIONALS, LLC: MAINTENANCE FEE = $22,040 MANAGEMENT SALARY = $56,669 OTHER = $10,800 TOTAL = $89,509EXPENSES INCURRED AND/OR PAID TO BRIDGEWAY, INC. AND HUMAN SERVICE PROFESSIONALS LLC: MANAGEMENT AGREEMENT = $14,842 MAINTENANCE CONTRACT = $ 6,960 BOOKKEEPING FEES = $ 3,240 SALARY REIMBURSEMENT = $18,275 CLEANING EXPENSE = $11,735 TOTAL = $55,052 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, RESIDENTIAL FACILITIES CORPORATION OWED TO BRIDGEWAY, INC. THE FOLLOWING: RESIDENT MANAGEMENT SALARY $56,669 MAINTENANCE FEES $22,040 OTHER $10,800 TOTAL AMOUNT DUE $89,509 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 MCRC HOUSING INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371182243 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 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 21935 BRIDGEWAY INC E 89509 BRIDGEWAY INC P 18275