2026-02-05T20:59:04-06:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2024-07-01 364372019 BETH-ANNE EXTENDED LIVING BETH 7734737870 1140 N LAMON AVE CHICAGO IL 60651 SHARIF WALKER PRESIDENT & CEO 7734737870 2026-02-03 1 1 NATHANIEL R ADAMS P01282482 3125085900 2026-02-02 2024 2025-03-06 01:10:19Z SHARIF WALKER 1140 N LAMON AVE CHICAGO IL 60651 1475547 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 1289926 1460669 9267 14700 11583 178 1310776 1475547 0 0 0 0 265944 288325 0 0 0 1172462 1585356 1438406 1873681 -127630 -398134 6205946 6082162 10473265 10747615 -4267319 -4665453 PROVIDE ASSISTED LIVING AND HOUSING FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS 0 0 1539375 1460847 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. 1539375 1 0 0 0 0 0 0 0 0 0 1 0 0 1 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 ANDREW CURTIS CHAIRMAN 1.00 40.00 X X 0 0 0 CLARIBEL RODRIGUEZ DIRECTOR 1.00 4.00 X 0 0 0 DEBORAH WILLIAMS DIRECTOR 1.00 4.00 X 0 0 0 FRANK BASS DIRECTOR 1.00 4.00 X 0 0 0 GLORIA GREEN DIRECTOR 1.00 4.00 X 0 0 0 JEREMY EDELSON SECRETARY 1.00 40.00 X X 0 0 0 JOE YOUNG DIRECTOR 1.00 4.00 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 SHARIF WALKER PRESIDENT / CEO 1.00 40.00 X X 0 0 0 SHERMAN HICKS DIRECTOR 1.00 4.00 X 0 0 0 VAUNA HERNANDEZ VICE-CHAIR 1.00 40.00 X X 0 0 0 VIRGINIA SPITZER DIRECTOR 1.00 4.00 X 0 0 0 0 0 0 0 0 0 0 0 TENANT ASSISTANT PAYME 531110 1153642 1153642 RENTAL REVENUE 531110 307027 307027 1460669 14700 14700 178 178 178 1475547 1460847 0 14700 245025 245025 25018 25018 18282 18282 68344 68344 6895 6895 32310 32310 164509 164509 1047 1047 45592 45592 302638 302638 8046 8046 366413 366413 106897 106897 RESIDUAL RECEIPTS 233652 233652 SECURITY SERVICES 185188 185188 BAD DEBTS 44665 44665 REPAIRS & MAINTENANCE 12184 12184 6976 6976 1873681 1539375 334306 0 151612 220420 51788 48507 81780 79959 12122504 6738606 5653681 5383898 267085 349378 6205946 6082162 42799 86627 15671 8646 9988700 9988700 426095 663642 10473265 10747615 X -4267319 -4665453 -4267319 -4665453 6205946 6082162 -398134 0 X 0 1 X 1 1 1 X 1038387 1163821 1274873 1289926 1460669 6227676 1038387 1163821 1274873 1289926 1460669 6227676 0 0 0 6227676 114 25 25 9267 14700 24131 114 25 25 9267 14700 24131 6426 6635 11583 89081 113725 1044927 1163846 1281533 1310776 1564450 6365532 0.97830 0.99400 0.00380 0.00180 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. 2024 AMOUNT: $ 178. LAUNDRY VENDING - 2022 AMOUNT: $ 250. GAIN TO LEASE - 2023 AMOUNT: $ 2. 2024 AMOUNT: $ 88,903. RESIDUAL RECEIPT - 2023 AMOUNT: $ 11,574. 100000 100000 10574252 5928599 4645653 870732 502127 368605 16576 16576 0 560944 291304 269640 5383898 DEPOSITS HELD IN TRUST 19418 DEPOSITS-FUNDED 329960 349378 NOTES PAYABLE TO RELATED PARTY 332722 TENANT SECURITY DEPOSITS 17327 OTHER LOANS & NOTES PAYABLE 45793 EXCESS PROJECT FUNDS - RESIDUAL RECEIPTS 267800 663642 X 1475547 0 1475547 0 1475547 1873681 0 1873681 0 1873681 PART X, LINE 2: THE CORPORATION 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 INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2025. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE, AND DOES FILE, TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2022 REMAIN OPEN. 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, 2025 AND 2024, MANAGEMENT FEES WERE $68,344 AND $70,150, 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 $6,798 AND $6,344, 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 106897 CASH