2017-02-09T08:59:12-08:00 2016-05-31 WIELAND & COMPANY INC CPAS 201 HOUSTON STREET SUITE 301 BATAVIA IL 60510 990 2015-06-01 363515219 NORTH WOODRIVER FOUNDATION NORT 7084444942 8201 W 183RD STREET TINLEY PARK IL 60487 JOHN TAYLOR Secretary 2017-02-09 true PAUL H WIELAND CPA P00326532 6304064490 2015 2021-01-29 14:40:06Z REV GERALD M DEW 8201 W 183RD STREET - SUITE K TINLEY PARK IL 60487 1166183 false false X N/A X 1992 IL THE PROJECT PROVIDES HOUSING TO ELIGIBLE LOW INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED BY HUD. 5 5 0 0 0 1187772 1155038 365 166 10979 1188137 1166183 0 0 266825 287832 0 0 1049181 948203 1316006 1236035 -127869 -69852 3461148 3225526 5222741 5090666 -1761593 -1865140 THE PROJECT PROVIDES HOUSING TO ELIGIBLE LOW INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED BY HUD. false false 1236035 1155038 THE PROJECT PROVIDES HOUSING TO ELIGIBLE LOW-INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED PURSUANT TO HUD GUIDELINES. 1236035 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 5 5 false true false false false false false true true false false true true true true false true true true false IL X X UNIVERSAL MANAGEMENT SERVICES 7084444942 8201 W 183RD ST STE K TINLEY PARK IL 60487 X REV GERALD M DEW President 2.00 0.00 X X 0 0 0 REV GEORGE DANIELS Director 2.00 0.00 X 0 0 0 RICKY GUYTON Vice President 2.00 0.00 X X 0 0 0 JOHN TAYLOR Secretary 2.00 0.00 X X 0 0 0 REV HERMAN LARRY Director 2.00 0.00 X 0 0 0 0 false false false 0 0 APARTMENT RENTAL INCOME 531110 1155038 1155038 1155038 166 166 0 0 0 0 0 0 0 LOAN DECREASE 531110 10979 10979 10979 1166183 1155038 11145 X 0 0 0 0 0 0 216038 216038 0 41875 41875 29919 29919 48852 48852 9010 9010 19694 19694 0 0 0 0 870 870 47909 47909 0 0 0 0 0 0 217179 217179 0 229506 229506 39123 39123 SECURITY PAYROLL/CONTRACT 86526 86526 SUPPLIES 34748 34748 CONTRACTS 28515 28515 HVAC REPAIRS 27194 27194 159077 159077 1236035 1236035 0 0 167085 17085 174877 190422 0 25291 24906 0 0 0 0 21554 16758 5604868 2824472 2837911 2780396 0 0 0 196274 190415 38156 5544 3461148 3225526 121025 86813 5702 1233 5044393 4961373 51621 41247 5222741 5090666 X -1761593 -1865140 -1761593 -1865140 3461148 3225526 -69852 -33695 X false true X true true true X 1104674 1181225 1155465 1187772 1155038 5784174 0 0 1104674 1181225 1155465 1187772 1155038 5784174 0 5784174 284 159 328 365 166 1302 0 0 5785476 0.99980 0.99970 X 99981 99981 4079866 2177280 1902586 1052606 331778 720828 372415 315414 57001 2780396 ACCRUED INTEREST 18074 ACCRUED WAGES 12630 SECURITY DEPOSITS 10543 41247 X 1166183 1166183 1166183 1236035 1236035 1236035 Part X : FIN48 Footnote The Organization is tax exempt under Internal Revenue Code Section 501(c)(3), is classified as a public charity and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more than likely than not, based on technical merits, that the position will be sustained upon examination. As of May 31, 2016, the Organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company A property management company provides general management services for the building under the direction of the Board. Form 990, Part VI, Line 11b: Form 990 Review Process Form 990 copy is provided for review of Board and Officers. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts BOARD MEETING TOPICS Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management No officers or board members are compensated. All other personnel are employees of the professional management company. The management company compensation is determined via contract negotiation and it is approved by HUD. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Board reviews and approves management company's contract and management company's on-site employees. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available On hand upon request in management office Form 990, Part IX, Line 24e: Other Expenses BAD DEBT: Column (A) - Total = $9959; Column (B) - Program Services = $9959; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses ELECTRICITY: Column (A) - Total = $20037; Column (B) - Program Services = $20037; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses GARBAGE REMOVAL: Column (A) - Total = $14867; Column (B) - Program Services = $14867; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses GAS : Column (A) - Total = $17102; Column (B) - Program Services = $17102; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses mISCELLANEOUS ADMIN: Column (A) - Total = $25918; Column (B) - Program Services = $25918; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MISCELLANEOUS OPERATING: Column (A) - Total = $23528; Column (B) - Program Services = $23528; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MORTGAGE INSURANCE PREMIUM: Column (A) - Total = $22466; Column (B) - Program Services = $22466; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SEWER: Column (A) - Total = $12676; Column (B) - Program Services = $12676; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SNOW REMOVAL: Column (A) - Total = $1927; Column (B) - Program Services = $1927; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses WATER: Column (A) - Total = $5551; Column (B) - Program Services = $5551; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses WORKERS' COMP: Column (A) - Total = $5046; Column (B) - Program Services = $5046; Column (C) - Management & General = $0; Column (D) - Fundraising = $0