2026-01-13T20:09:55-06:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2023-07-01 364372019 BETH-ANNE EXTENDED LIVING BETH 7734737870 1140 N LAMON AVE CHICAGO IL 60651 SHARIF WALKER PRESIDENT & CEO 7734737870 2025-10-06 1 1 NATHANIEL R ADAMS P01282482 3125085900 2025-10-04 2023 2025-03-06 01:10:19Z SHARIF WALKER 1140 N LAMON AVE CHICAGO IL 60651 1310776 0 X WWW.BETHELNEWLIFE.ORG X 2000 IL PROVIDE ASSISTED LIVING AND HOUSING FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS 13 13 0 0 0 0 0 0 1274873 1289926 25 9267 6635 11583 1281533 1310776 0 0 0 0 252692 265944 0 0 0 1210591 1172462 1463283 1438406 -181750 -127630 6339073 6205946 10478762 10473265 -4139689 -4267319 PROVIDE ASSISTED LIVING AND HOUSING FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS 0 0 1336346 1301509 THE ORGANIZATION'S PRIMARY PROGRAM IS TO PROVIDE AN ASSISTED LIVING FACILITY FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS, AS WELL AS TO PROVIDE ANCILLARY SERVICES TO RESIDENTS, INCLUDING BUT NOT LIMITED TO ACTIVITIES AND SOCIAL SERVICES. 1336346 1 0 0 0 0 0 0 0 0 0 1 0 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 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X SHARIF WALKER 7734737870 1140 N LAMON AVE CHICAGO IL 60651 X SHARIF WALKER PRESIDENT / CEO 1.00 40.00 X X 0 0 0 ANDREW CURTIS CHAIRMAN 1.00 40.00 X X 0 0 0 VAUNA HERNANDEZ VICE-CHAIR 1.00 40.00 X X 0 0 0 LOLITA SLAUGHTER FINANCE DIRECTOR 1.00 40.00 X X 0 0 0 MAHOMED OUEDRAGO TREASURER 1.00 40.00 X X 0 0 0 JEREMY EDELSON SECRETARY 1.00 40.00 X X 0 0 0 FRANK BASS DIRECTOR 1.00 4.00 X 0 0 0 SHERMAN HICKS DIRECTOR 1.00 4.00 X 0 0 0 DEBORAH WILLIAMS DIRECTOR 1.00 4.00 X 0 0 0 CLARIBEL RODRIGUEZ DIRECTOR 1.00 4.00 X 0 0 0 GLORIA GREEN DIRECTOR 1.00 4.00 X 0 0 0 VIRGINIA SPITZER DIRECTOR 1.00 4.00 X 0 0 0 JOE YOUNG DIRECTOR 1.00 4.00 X 0 0 0 0 0 0 0 0 0 0 0 TENANT ASSISTANT PAYME 531110 984017 984017 RENTAL REVENUE 531110 305909 305909 1289926 9267 9267 RESIDUAL RECEIPT 900099 11574 11574 9 9 11583 1310776 1301509 0 9267 225937 225937 24939 24939 15068 15068 70150 70150 5074 5074 31910 31910 140707 140707 508 508 42868 42868 204976 204976 8046 8046 336232 336232 88128 88128 SECURITY SERVICES 188377 188377 BAD DEBTS 40984 40984 REPAIRS & MAINTENANCE 12959 12959 1543 1543 1438406 1336346 102060 0 71642 151612 31544 51788 59095 81780 12025874 6372193 5691453 5653681 485339 267085 6339073 6205946 50649 42799 15828 15671 9988700 9988700 423585 426095 10478762 10473265 X -4139689 -4267319 -4139689 -4267319 6339073 6205946 -127630 0 X 0 1 X 1 1 1 X 1090139 1038387 1163821 1274873 1289926 5857146 1090139 1038387 1163821 1274873 1289926 5857146 0 0 0 5857146 1312 114 25 25 9267 10743 1312 114 25 25 9267 10743 6426 6635 11583 24644 1091451 1044927 1163846 1281533 1310776 5892533 0.99400 0.99710 0.00180 0.00050 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER PROGRAM INCOME - 2020 AMOUNT: $ 6,426. 2022 AMOUNT: $ 6,385. 2023 AMOUNT: $ 7. LAUNDRY VENDING - 2022 AMOUNT: $ 250. 2023 AMOUNT: $ 0. GAIN TO LEASE - 2023 AMOUNT: $ 2. RESIDUAL RECEIPT - 2023 AMOUNT: $ 11,574. 100000 100000 10574252 5664517 4909735 844970 447662 397308 16576 16576 0 490076 243438 246638 5653681 NOTES PAYABLE TO RELATED PARTY 324676 TENANT SECURITY DEPOSITS 21478 OTHER LOANS & NOTES PAYABLE 45793 EXCESS PROJECT FUNDS - RESIDUAL RECEIPTS 34148 426095 X 1310776 0 1310776 0 1310776 1438406 0 1438406 0 1438406 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 EFFECTIVE MARCH 1, 2013, THE CORPORATION HAS CONTRACTED WITH A MANAGEMENT AGENT, EVERGREEN REAL ESTATE SERVICES, LLC, PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD UNDER THE MANAGEMENT AGREEMENT, FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, MANAGEMENT FEES WERE $70,150 AND $72,260, RESPECTIVELY, BASED ON 5.71 PERCENT OF MONTHLY RENTAL COLLECTIONS FOR BOTH YEARS. AS OF JUNE 30, 2024 AND 2023, PROPERTY MANAGEMENT FEES PAYABLE WERE $6,344 AND $5,811, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AFTER IT IS FILED. THE FINANCE COMMITTEE SERVES AS AUDIT COMMITTEE AND HAS BEEN DESIGNATED AUTHORITY TO APPROVE AUDITS AND TAX RETURNS. THE BOARD TREASURER OR CHAIR SIGNS THE FORM. COPIES WILL THEN BE PROVIDED TO ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE ORGANIZATION MONITORS AND ENFORCES ITS POLICIES THROUGH THE BOARD TERM RENEWAL PROCESS AT THE FIRST MEETING OF EACH FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE AT ITS BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS. BETHEL NEW LIFE INC 4950 WEST THOMAS STREET CHICAGO IL 60651 363013241 TO ENABLE A HEALTHIER AND SUSTAINABLE COMMUNITY OF THE WEST SIDE OF CHICAGO IL 501(C)(3) LINE 7 N/A 0 BETHEL PACE CENTRE 4950 WEST THOMAS STREET CHICAGO IL 60651 366700890 HOUSING IL 501(C)(3) LINE 11 BETHEL NEW LIFE INC 1 BETH-ANNE RESIDENCEIS 4950 WEST THOMAS STREET CHICAGO IL 60651 363999938 HOUSING IL 501(C)(3) LINE 11 BETHEL NEW LIFE INC 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 BETHEL NEW LIFE INC P 88128 CASH