2018-05-15T10:35:47-05:00 2017-06-30 381357951 PLANTE & MORAN PLLC 10 S Riverside Plaza 9th Floor Chicago IL 60606 990 2016-07-01 363013241 BETHEL NEW LIFE INC BETH 7734737870 4950 WEST THOMAS STREET CHICAGO IL 60651 EDWARD COLEMAN CHIEF EXECUTIVE OFFICER 7734737870 2018-05-14 1 Lu Ann Trapp P01506476 3122071040 2018-05-12 24.1.88.41 2018-05-14 08:34:41 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BC3C601473DBFA21F2EC98090FDE5B85B06AE70F 2016 2021-01-29 14:40:06Z EDWARD COLEMAN 4950 WEST THOMAS STREET CHICAGO IL 60651 6028165 0 X www.bethelnewlife.org X 1979 IL THE MISSION OF BETHEL NEW LIFE, INC. IS TO REALIZE GOD'S VISION BY CREATING OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO INVEST IN THEMSELVES AND BY PROMOTING POLICIES AND SYSTEMS THAT HELP COMMUNITIES THRIVE. 13 13 90 200 0 0 2884128 2987215 1092322 773628 27328 502798 0 0 4003778 4263641 0 0 0 0 2933381 2472946 0 0 102275 1819969 1656389 4753350 4129335 -749572 134306 4590744 5310219 3391446 1199525 1199298 4110694 X The mission of Bethel New Life, Inc. is to realize God's vision by creating opportunities for individuals and families to invest in themselves and by promoting policies and systems that help communities thrive. 0 0 978780 West Side ForwardWest Side Forward is comprised of the following: Small Business Development Center - provides training events and workshops each year to over 350 participants, while supporting 225 businesses with counseling services. Entrepreneurship Training Program (ETP) - Highly selective 16-week program that provides training on business plans, marketing, financing, accounting, risk management, legal issues along with a year of personal mentoring from volunteer business leaders. Neighborhood Business Development Center (NBDC) - Supports 26 West Side businesses through its Business Xcelerator initiative with concentrated efforts toward growth in revenue and income through technical assistance, coaching/ mentoring, workforce development assistance, and connections to bank resources and corporate supply chains. Advanced Manufacturing Training Program - Provides classes covering academic skills enhancement, employment readiness training, introduction to manufacturing training, and hard skills training leading to certification in CNC (computerized numerical control) and credentialing in CNC Lathe and Milling Operations. Community Asset Building - Provides homeownership workshops, pre-purchase housing counseling, foreclosure prevention counseling sessions, financial literacy and financial counseling services. Supports the Community Savings Center, connecting residents with financial products and banking services. Family College - Pilot two-generation model program that includes early literacy training and reading skills enhancement for children and employment readiness and workforce training for parents combined with peer networking, financial literacy, leadership, and family life and problem-solving skills training. Head Sprout - K-3rd grade educational enhancement service housed in a public school to help students improve their reading fluency and comprehension. Right Start for Families - A coordinated, home-based service delivery system to facilitate parenting education and the early identification of developmental delays for at-risk children aged 0-3 years old and their families. 1264519 Senior Housing ServicesThe Senior Housing Services program consists of: Independent Living - Bethel's three HUD-supported affordable senior independent living developments (186 units) provide living solutions for elders looking for a healthy and safe environment. Supportive Living - Bethel offers an affordable and supportive living community (85 units) that provides a variety of specialized services assisting residents to be as independent as they can be for as long as they can be. 691406 773628 Real Estate and Property ManagementThe Real Estate Division consists of over 40,000 square feet commercial real estate servicing banks, universities, Child Care Providers, Health Care Clinic, and local ministries. 2934705 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 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 1 0 0 1 13 0 1 90 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IL X X Saul Cyvas 7734737870 4950 WEST THOMAS STREET CHICAGO IL 60651 Geoffrey Koss ChairPerson 1.00 4.00 X X 0 0 0 John Young Vice - Chair 1.00 4.00 X X 0 0 0 Andrew Curtis Treasurer 1.00 4.00 X X 0 0 0 Terra Fuller Secretary 1.00 4.00 X X 0 0 0 Eva Brown Director 1.00 0.00 X 0 0 0 Rev Sherman Hicks Director 1.00 0.00 X 0 0 0 Rev Kevin Massey Director 1.00 0.00 X 0 0 0 Valora Starr Director 1.00 0.00 X 0 0 0 Jay Weaver Director 1.00 0.00 X 0 0 0 Abbey Helmtag Director 1.00 0.00 X 0 0 0 Melanie Mosley Director 1.00 0.00 X 0 0 0 Jeff Bell Director 1.00 0.00 X 0 0 0 Vasco Bridges Director 1.00 0.00 X 0 0 0 Edward Coleman President 40.00 4.00 X 105435 0 10799 Saul Cyvas CHIEF ADMINISTRATIVE OFFIC 40.00 4.00 X 125000 0 0 230435 0 10799 2 0 0 0 Gordon Food Service Inc 420 50th Street NW Grand Rapids MI 49548 Food Service 149609 1 59861 2230953 696401 2987215 Rental Income 623000 646296 646296 OTHER PROGRAM SERVICE REVENUE 900099 80836 80836 Management and Consulting Fees 900099 46496 46496 773628 261 261 107950 2159111 105614 1658910 2336 500201 502537 502537 4263641 773628 0 502798 275114 108078 167036 1874325 1501657 322332 50336 323507 283585 33159 6763 36940 36940 51075 51075 202715 101073 101640 2 267170 222390 4780 40000 348262 293452 51563 3247 27022 21940 5053 29 47962 29998 17964 180087 150539 29548 88454 59414 28938 102 Repairs and Maintenance 93974 93974 Printing 38490 24475 13276 739 274238 44130 229051 1057 4129335 2934705 1092355 102275 532997 793540 334075 1662062 464320 146600 129592 5326483 3406199 2081837 1920284 72814 0 1422421 340421 4590744 5310219 470738 375686 923640 670500 1554885 73000 442183 80339 3391446 1199525 X 358693 3901009 840605 209685 1199298 4110694 4590744 5310219 X 134306 2777090 X 0 1 X 1 0 X 7633768 3858743 3537849 2884428 2987215 20902003 7633768 3858743 3537849 2884428 2987215 20902003 20902003 22457 34266 2280 1264 261 60528 5016597 113045 5129642 26092173 5244958 0.80110 0.82870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72814 3976 76790 71499 1315 72814 69337 2162 71499 56129 13208 69337 45194 10935 56129 1.00000 0.00000 0.00000 0 0 1007600 1007600 1438155 857200 580955 2116547 1956780 159767 103898 55110 48788 660283 537109 123174 1920284 property held for sale 133710 DUE FROM RELATED PARTY 206711 340421 Refundable Program Advance 80339 80339 11975133 7711492 7711492 4263641 0 4263641 8228115 4098780 4098780 4129335 0 4129335 Part V, Line 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO SUPPLEMENT PROGRAM EXPENDITURES. Part XI, Line 2d - Other Adjustments: REVENUE FROM AFFILIATED ORGANIZATIONS 7,711,492. Part XII, Line 2d - Other Adjustments: EXPENSES FROM AFFILIATED ORGANIZATIONS 4,098,780. Form 990, Part VI, Section B, line 11b THE INFORMATION FOR FORM 990 IS PREPARED BY THE FINANCE STAFF AND REVIEWED BY THE SENIOR DIRECTOR OF FINANCE BEFORE SUBMISSION TO THE INDEPENDENT TAX PREPARER. WHEN A DRAFT OF THE TAX RETURN IS SENT BACK TO THE ORGANIZATION BY THE TAX PREPARER, IT IS REVIEWED BY THE CEO, CAO, AND THE CHAIRMAN OF THE BOARD OF DIRECTORS. A COPY OF THE RETURN IS GIVEN TO EACH VOTING MEMBER OF THE BOARD OF DIRECTORS BEFORE THE RETURN IS FINALIZED WITH THE INTERNAL REVENUE SERVICE (IRS). Form 990, Part VI, Section B, line 12c Compliance with the conflict of interest policy is monitored and enforced regularly and consistently. The policy is based upon full disclosure and when necessary A management plan is developed to address any possible conflict of interest. If any arrangements should arise subsequent to filing, all are required to update the disclosures. All disclosures with the potential for conflict are reviewed by appropriate committee where they are carefully evaluated and if necessary, a plan is developed to manage the potential conflict. Form 990, Part VI, Section B, line 15 The CEO's compensation is determined by the Board of Directors. The activity for determining compensation is led by the Executive Committee of the Board. The compensation of Other officers are determined by the President & CEO who are vested with the authority to determine such salaries. Typically, the salaries reflect the ranges portrayed in compensation studies and disclosed in the annual budget approved by the Board of Directors. Form 990, Part VI, Section C, line 19 A copy of the organization's Form 990 is maintained in a Public Review Binder at its principal office and is available for public inspection upon request. Financial information is disclosed in the organization's annual audit and annual report. The annual report is distributed to interested parties and posted on the organization's web site. Form 990, Part XI, line 9: TRANSFER OF NET ASSETS - DISSOLUTION OF RELATED ORGANIZATION 2,777,090. Bethel NMTC Manager LLC 4950 West Thomas Street chicago IL 60651 383737568 COMMUNITY DEVELOPMENT INVESTMENTS IL 0 BETHEL NEW LIFE INC Beth-Anne Extended Living 4950 West Thomas Street Chicago IL 60651 364372019 Housing IL 501(c)(3) Line 10 bethel new life inc 1 Bethel Pace Centre 4950 West Thomas Street Chicago IL 60651 366700890 Housing IL 501(c)(3) Line 10 bethel new life inc 1 Beth-Anne Residencies 4950 West Thomas Street Chicago IL 60651 363999938 Housing IL 501(c)(3) Line 10 bethel new life inc 1 Bethel Anathoth Gardens 4950 West Thomas Street Chicago IL 60651 383739932 Housing IL 501(c)(3) Line 10 bethel new life inc 1 New Life Community Investment LLC 4950 West Thomas Street Chicago IL 60653 010361103 COMMUNITY DEVELOPMENT Investments IL Bethel NMTC Investment Income 1 1 0.00020 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 Beth-Anne Residencies Q 56698 CASH BETHEL ANATHOTH GARDENTS S 2777090 BOOK VALUE ASSETS-DISSOLVED