2025-04-16T13:00:40-05:00 2024-06-30 362239746 SASSETTI LLC 2107 SWIFT DRIVE SUITE 210 OAK BROOK IL 60523 990 2023-07-01 363882800 JANE ADDAMS DELTA DEVELOPMENT CORPORATION JANE 7738808460 4432 N RAVENSWOOD AVENUE CHICAGO IL 60640 TAMMY PHILLIPS BOARD PRESIDENT 7738808460 2025-04-16 1 1 IZABELA POLUDNIAK P01959192 7083861433 2025-03-31 2023 2025-03-06 01:10:19Z X TAMMY PHILLIPS 4432 N RAVENSWOOD AVENUE CHICAGO IL 60640 389522 0 X WWW.JANE-ADDAMS.ORG X 1993 IL TO DEVELOP, MANAGE & LEASE AN INDUSTRIAL BUILDING IN A CHICAGO NEIGHBORHOOD IN ORDER TO RETAIN & FOSTER DEVELOPMENT OF MANUFACTURING JOBS. X 3 2 0 0 0 0 0 0 421397 389522 0 0 0 0 421397 389522 75576 56276 0 0 0 6667 0 0 0 326999 369900 402575 432843 18822 -43321 1290602 0 890076 0 400526 0 X DEVELOP, MANAGE & LEASE AN INDUSTRIAL BUILDING IN A CHICAGO NEIGHBORHOOD IN ORDER TO RETAIN & FOSTER DEVELOPMENT OF MANUFACTURING JOBS 0 1 340728 56276 389522 THE ORGANIZATION OPERATES A RENTAL PROPERTY IN CHICAGO, ILLINOIS, AT 4410 N. RAVENSWOOD. THE ORGANIZATION PROVIDES FINANCIAL AND PRO BONO SUPPORT OF JANE ADDAMS RESOURCE CORPORATION, LOCATED IN CHICAGO, ILLINOIS. 340728 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 IL X TAMMY PHILLIPS 7738808460 4432 N RAVENSWOOD AVENUE CHICAGO IL 60640 TAMMY PHILLIPS CHAIR 1.00 1.00 X X 6667 0 0 BRETT MUELLER TREASURER 1.00 1.00 X X 0 0 0 PAUL SHADLE SECRETARY 1.00 1.00 X X 0 0 0 6667 0 0 0 0 0 0 0 RENTAL INCOME 532000 362605 362605 CAM & REAL ESTATE TAXE 532000 26917 26917 389522 389522 389522 0 0 56276 56276 6667 6667 22655 22655 1620 1620 5080 5080 13420 13420 46188 46188 36744 36744 14437 14437 REAL ESTATE TAXES 71833 71833 OTHER BUILDING EXPENSES 66880 66880 REPAIRS AND MAINTENANCE 47820 47820 LEASE COST AMORTIZATION 29485 29485 13738 550 13188 432843 340728 92115 0 304627 0 0 0 37174 0 0 0 294848 0 0 400 0 0 0 624178 0 0 0 0 0 29375 0 1290602 0 103693 0 709371 0 77012 0 890076 0 X 400526 0 400526 0 1290602 0 X -43321 -357205 X X 0 1 X 1 0 X X 3 JANE ADDAMS RESOURCE CORPORATION 363682559 7 1 26735 0 JANE ADDAMS RESOURCE CORPORATION BALTIMORE 473496019 7 1 19444 0 JANE ADDAMS RESOURCE CORPORATION RHODE ISLAND 883351529 7 1 10097 0 3 56276 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 1 0 PART IV, SECTION E, LINE 2A THE PRIMARY MISSION OF THE ORGANIZATION IS TO RAISE FUNDS TO SUPPORT JANE ADDAMS RESOURCE CENTER (THE SUPPORTED ORGANIZATION OF JANE ADDAMS DELTA DEVELOPMENT CORPORATION). JANE ADDAMS RESOURCE CENTER BALTIMORE AND JANE ADDAMS RESOURCE CENTER RHODE ISLAND ARE BOTH WHOLLY OWNED SUBSIDIARIES OF JANE ADDAMS RESOURCE CENTER. ALL ACTIVITIES THAT THE ORGANIZATION IS ENGAGED IN ARE TO FURTHER THAT MISSION. 60000 60000 1898506 1396788 501718 37928 11577 26351 588069 389522 0 389522 0 389522 432843 0 432843 0 432843 1 JANE ADDAMS RESOURCE CORPORATION 4432 RAVENSWOOD CHICAGO IL 60640 363682559 501(C)(3) 26735 0 GENERAL OPERATIONS JANE ADDAMS RESOURCE CORPORATION BALTIMORE 4910 PARK HEIGHTS AVE SUITE 106 BALTIMORE MD 21215 473496019 501(C)(3) 19444 0 GENERAL OPERATIONS JANE ADDAMS RESOURCE CORPORATION RHODE ISLAND 50 SIMS AVE PROVIDENCE RI 02909 883351529 501(C)(3) 10097 0 GENERAL OPERATIONS PART I, LINE 2: JANE ADDAMS DELTA DEVELOPMENT WAS FORMED AS A SUPPORT ORGANIZATION, THAT IS ESTABLISHED AND OPERATES EXCLUSIVELY FOR THE BENEFIT OF JANE ADDAMS RESOURCE CORPORATION UNDER SECTION 509(C) OF THE INTERNAL REVENUE CODE. ALL GRANT FUNDS ARE GIVEN FOR GENERAL OPERATING PURPOSES. JANE ADDAMS RESOURCE CORPORATION IS ALSO SUBJECT TO AN ANNUAL AUDIT BY AN INDEPENDENT ACCOUNTANT. ALL ASSETS AND LIABILITIES 2024-06-30 357205 BOOK VALUE IN APPROXIMATION OF FMV 363731161 JANE ADDAMS DEVELOPMENT CORPORATION 4432 N RAVENSWOOD AVENUE CHICAGO IL 60640 501C3 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: THE TRANSFEREE ORGANIZATION HAS PREVIOUSLY HAD THE SAME BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR AS JANE ADDAMS DELTA DEVELOPMENT CORPORATION. PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: THE ORGANIZATIONS HAVE SHARED THE SAME BOARD MEMBERS AND EXECUTIVE DIRECTOR PRIOR TO THE TRANSFER. FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED OPERATIONS ON JUNE 30, 2024, AND TRANSFERRED ITS ASSETS AND ASSIGNED ITS LIABILITIES, INCLUDING ONGOING LESSOR OBLIGATIONS UNDER NONCANCELLABLE LEASES TO A RELATED ORGANIZATION, JANE ADDAMS DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BOARD OF DIRECTORS VOTED TO CEASE OPERATIONS ON JUNE 30, 2024, AND TRANSFER THE ORGANIZATIN'S ASSETS AND ASSIGNED ITS LIABILITIES, INCLUDING ONGOING LESSOR OBLIGATIONS UNDER NONCANCELLABLE LEASES TO A RELATED ORGANIZATION, JANE ADDAMS DEVELOPMENT CORPORATION. SUBSEQUENT TO YEAR-END, THE BOARD TOOK ACTION TO DISSOLVE THE ORGANIZATION AND FILED ARTICLES OF DISSOLUTION WITH THE STATE OF ILLINOIS ON MARCH 19, 2025. FORM 990, PART VI, SECTION B, LINE 11B A DETAIL REVIEW IS PERFORMED BY MANAGEMENT AND THE MEMBERS OF THE FINANCE COMMITTEE, A COPY OF THE 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL MEMBERS OF THE BOARD OF DIRECTORS TO SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED ORGANIZATION, WHICH IN TURN BILLS THE ORGANIZATION FOR MANAGEMENT FEES. THE COMPENSATION IS APPROVED BY THE BOARD. MINUTES ARE KEPT DOCUMENTING THE APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS TO RELATED ORGANIZATION -357,205. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. JANE ADDAMS RESOURCE CORPORATION 4432 RAVENSWOOD CHICAGO IL 60640 363682559 VOCATIONAL TRAINING IL 501(C)(3) LINE 7 0 JANE ADDAMS DEVELOPMENT CORPORATION 4432 RAVENSWOOD CHICAGO IL 60640 363731161 COMMERCIAL REAL ESTATE LEASING IL 501(C)(3) LINE 12D, III-O 0 JANE ADDAMS RESOURCE CORPORATION BALTIMORE 4910 PARK HEIGHTS AVE SUITE 106 BALTIMORE MD 21215 473496019 VOCATIONAL TRAINING MD 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 JANE ADDAMS RESOURCE CORPORATION B 26735 CASH VALUE JANE ADDAMS RESOURCE CORPORATION BALTIMORE B 19444 CASH VALUE JANE ADDAMS RESOURCE CORPORATION RHODE ISLAND B 10097 CASH VALUE JANE ADDAMS DEVELOPMENT CORPORATION R 357205 NET ASSET VALUE