2014-12-16T17:01:13-06:00 2014-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2013-07-01 363013241 BETHEL NEW LIFE INC BETH 7734737870 4950 WEST THOMAS STREET CHICAGO IL 60651 LORI R VALLELUNGA PHD PRESIDENT 7734737870 2014-12-16 1 LU ANN TRAPP P01506476 3122071040 2014-12-16 2013 2015-11-30 17:44:51Z LORI R VALLELUNGA PHD 4950 WEST THOMAS STREET CHICAGO IL 60651 5263890 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. 20 20 313 698 0 0 7633768 3858743 961276 1257836 22457 -26349 5016597 113045 13634098 5203275 162000 0 0 0 6760188 3036758 0 0 187523 2009646 1683092 8931834 4719850 4702264 483425 6797190 6440394 4482011 3641790 2315179 2798604 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 1411282 THE SUPPORTIVE LIVING PROGRAM CONSISTS OF: ADULT DAY CARE PROVIDES AN ENVIRONMENT THAT PROMOTES AGING, CAREGIVER RESPITE, AND AN ALTERNATIVE TO PREMATURE INSTITUTIONALIZATION. (CLOSED JULY 21, 2013). BETH-ANNE PLACE - PROVIDES PERSONALIZED ASSISTANCE WITH DAILY LIVING ACTIVITIES FOR ELDERS THROUGH THE STATE DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES. 443087 954958 THE REAL ESTATE DIVISION CONSISTS OF RENTAL RESIDENTIAL AND COMMERCIAL REAL ESTATE. RENTAL RESIDENTIAL REALE ESTATE IS COMPRISED OF THREE AFFORDABLE SENIOR INDEPENDENT LIVING DEVELOPMENTS AND ONE ASSISTED LIVING FACILITY TO ALLOW COMMUNITY RESIDENTS TO AGE GRACEFULLY WHILE WITHIN LIVING DISTANCE OF THEIR FRIENDS AND RELATIVES. COMMERCIAL REAL ESTATE COSISTS OF OVER 40,000 SQUARE FEET OF RENTABLE SPACE. THE OTHER RENTAL SPACE COMBINES THE BETHEL COMMERCIAL CENTER AT LAKE AND PULASKI, AMBERG CHAPEL, BANQUET HALL, SMALL BUSINESS CENTER: ALL AT THE BETHEL CAMPUS. THESE OTHER RENTAL FACILITIES ASSIST IN DEVELOPING THE COMMUNITY BY TARGETING ORGANIZATIONS AND SERVICES WHICH ARE LACKING IN THE COMMUNITY AND ARE VITAL TO ITS CONTINUED DEVELOPMENT. 355322 THE EDUCATION DIVISION IS COMPRISED OF THE FOLLOWING: CHICAGO FAMILY CASE MANAGEMENT, AS PART OF THE STATE'S MANAGED-CARE PROGRAM, FOCUSES ON THE SOCIAL SERVICE COMPONENT TO ASSIST ENROLLED FAMILIES WITH CHILDREN AND PREGNANT WOMEN IN IDENTIFYING AND ACCESSING PRIMARY SOURCES OF MEDICAL CARE BY MONITORING SERVICES TO ENSURE THAT ROUTINE AND PREVENTIVE HEALTH SERVICES ARE OBTAINED ON A CONSISTENT BASIS. RIGHT START FOR FAMILY PROVIDES A COORDINATED SERVICE DELIVERY SYSTEM TO FACILITATE PARENTING EDUCATION AND THE EARLY IDENTIFICATION OF DEVELOPMENTAL DELAYS FOR AT-RISK CHILDREN AND THEIR FAMILIES. EMERGENCY FUND PROVIDES COMPASSIONATE, QUICK, EMERGENCY RELIEF TO LOW INCOME RESIDENTS OF ALL AGES, RACES, AND ETHNIC ORIGINS. WHOLE SCHOOL NETWORK BUILDS A COLLECTIVE IMPACT SUSTAINABLE MODEL BY PARTNERING WITH LOCAL PUBLIC SCHOOLS TO HELP THEM IMPROVE IN AGREED UPON AREAS. 952596 302878 THE COMMUNITY ECONOMIC DEVELOPMENT DIVISION CONSISTS OF: COMMUNITY ASSET BUILDING PROVIDES AFFORDABLE BANKING PRODUCTS, FINANCIAL EDUCATION PROGRAMS, HOMEOWNER COUNSELING AND FORECLOSURE PREVENTION SERVICES. WORKFORCE DEVELOPMENT ASSISTS UNEMPLOYED PERSONS TO OBTAIN GAINFUL, SUITABLE EMPLOYMENT BY PROVIDING TRAINING, EMPLOYMENT, COUNSELING, AND JOB PLACEMENT. BUSINESS GROWTH AND DEVELOPMENT - A COHORT OF PROGRAMS FOCUSED ON DEVELOPING AND STRENGTHENING WEST SIDE BUSINESSES, INCLUDING: ILLINOIS SMALL BUSINESS DEVELOPMENT CENTER, NEW MARKET TAX CREDITS; INCUBATION; ENTREPRENEURSHIP TRAINING PROGRAM AND BUSINESS ACCELERATOR SERVICES. COMMUNITY COLLECTIVE IMPACT BUILDS APPROACHES TO INCREASING COORDINATION AND COOPERATION AMONG KEY STAKEHOLDER GROUPS TO SUPPORT THE GROWTH OF THE BUSINESS SECTOR AND THE WEST SIDE ECONOMY NECESSARY FOR HEALTHY COMMUNITIES. 952596 302878 3162287 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 65 0 1 313 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IL X X PAUL S WATFORD 7734737870 4950 WEST THOMAS STREET CHICAGO IL 60651 HOWARD NAT PIGGEE DIRECTOR 1.00 1.00 X X 0 0 0 GEOFFREY KOSS CHAIRPERSON 1.00 0.00 X X 0 0 0 BRUCE MARTIN TREASURER 1.00 1.00 X X 0 0 0 JEWEL SCHUMANN SECRETARY 1.00 0.00 X X 0 0 0 PAUL RIMINGTON CHAIR OF SUSTAINABILITY COMMITTEE 1.00 0.00 X X 0 0 0 CYNTHIA BARNES-BOYD VICE - CHAIR 1.00 0.00 X X 0 0 0 DEBORAH BENNETT DIRECTOR 1.00 0.00 X 0 0 0 JUAN JOSE GONZALEZ DIRECTOR 1.00 0.00 X 0 0 0 REV KEVIN MASSEY DIRECTOR 1.00 0.00 X 0 0 0 BLAKE SERCYE DIRECTOR 1.00 0.00 X 0 0 0 KENNETH JAY WEAVER DIRECTOR 1.00 0.00 X 0 0 0 JOHN YOUNG DIRECTOR 1.00 0.00 X 0 0 0 ANDREW CURTIS CHAIR OF COMMUNICATIONS COMMITTEE 1.00 0.00 X 0 0 0 SHERMAN HICKS DIRECTOR 1.00 0.00 X 0 0 0 VALORA STARR DIRECTOR 1.00 0.00 X 0 0 0 JEWEL MANDEVILLE DIRECTOR 1.00 0.00 X 0 0 0 LARRY MARTIN DIRECTOR 1.00 0.00 X 0 0 0 LAURIE WILKINSON DIRECTOR 1.00 0.00 X 0 0 0 STEVEN COLE DIRECTOR 1.00 0.00 X 0 0 0 ANNIE MAE LIDDELL DIRECTOR 1.00 0.00 X 0 0 0 LORI R VALLELUNGA PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00 1.00 X 161356 0 17500 SAUL CYVAS CHIEF ADMINISTRATIVE OFFICER 40.00 1.00 X 119261 0 0 280617 0 17500 2 0 1 0 GORDON FOOD SERVICE INC 420 50TH STREET NW GRAND RAPIDS MI 49548 FOOD SERVICE 183027 1 1100 2393641 1464002 11563 3858743 RENTAL INCOME 623000 954958 954958 MANAGEMENT AND CONSULT 900099 172545 172545 OTHER PROGRAM SERVICE 900099 130333 130333 1257836 34266 34266 60615 -60615 -60615 -60615 LOAN FORGIVENESS 900099 113045 113045 113045 5203275 1257836 0 86696 298118 192972 93657 11489 2227536 1439285 703727 84524 511104 340414 146135 24555 32086 32086 53800 53800 287855 185712 81222 20921 310827 297025 13552 250 263171 206618 48234 8319 35119 31951 3161 7 6123 1311 4712 100 93913 74198 18822 893 203135 123745 75282 4108 124909 104394 11969 8546 EQUIPMENT RENTAL 59777 28811 23676 7290 REPAIRS AND MAINTENANCE 58394 36935 20423 1036 TELEPHONE 47007 39950 6301 756 LICENSES AND MEMBERSHIP 29631 25662 3452 517 77345 33304 29829 14212 4719850 3162287 1370040 187523 1625273 1395200 900050 933551 213269 100822 6951412 3348752 3665525 3602660 56129 69337 336944 338824 6797190 6440394 891255 454068 3312659 2900493 278097 287229 4482011 3641790 X 2034850 1910909 280329 887695 2315179 2798604 6797190 6440394 483425 0 X 0 1 X 1 0 X 9256849 9495746 9194011 7633768 3858743 39439117 9256849 9495746 9194011 7633768 3858743 39439117 39439117 18867 22902 2194 22457 34266 100686 462370 1737936 413472 5016597 113045 7743420 47283223 3130339 0.83410 0.85600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56129 13208 69337 45194 10935 56129 44929 265 45194 34699 10230 44929 139495 8082 112878 34699 1.00000 0.00000 0.00000 0 0 1007600 1007600 3251487 2566003 685484 1781379 337790 1443589 357847 272561 85286 553099 172398 380701 3602660 PROPERTY HELD FOR DEVELOPMENT 38710 PROPERTY HELD FOR SALE 95000 DUE FROM RELATED PARTY 205114 338824 REFUNDABLE PROGRAM ADVANCE 287229 287229 X 8853102 3649827 3649827 5203275 0 5203275 8912391 4192541 4192541 4719850 0 4719850 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO SUPPLEMENT PROGRAM EXPENDITURES. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION 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 ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM AFFILIATED ORGANIZATIONS 3,649,827. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM AFFILIATED ORGANIZATIONS 4,192,541. X X X 0 0 0 0 0 0 0 0 0 LORI R VALLELUNGA PRESIDENT & CHIEF EXECUTIVE OFFICER 161356 0 0 0 0 0 17500 0 0 0 178856 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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. BETHEL NMTC MANAGER LLC 4950 WEST THOMAS STREET CHICAGO IL 60651 383737568 COMMUNITY DEVELOPMENT INVESTMENTS IL 0 47 BETHEL NEW LIFE INC BETH-ANNE EXTENDED LIVING 4950 WEST THOMAS STREET CHICAGO IL 60651 364372019 HOUSING IL 501(C)(3) LINE 9 BETHEL NEW LIFE INC 1 BETHEL PACE CENTRE 4950 WEST THOMAS STREET CHICAGO IL 60651 366700890 HOUSING IL 501(C)(3) LINE 9 BETHEL NEW LIFE INC 1 BETH-ANNE RESIDENCIES 4950 WEST THOMAS STREET CHICAGO IL 60651 363999938 HOUSING IL 501(C)(3) LINE 9 BETHEL NEW LIFE INC 1 BETHEL ANATHOTH GARDENS 4950 WEST THOMAS STREET CHICAGO IL 60651 383739932 HOUSING IL 501(C)(3) LINE 9 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 47 1 1 0.00020 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 BETH-ANNE EXTENDED LIVING D 206711 FAIR MARKET VALUE BETH-ANNE EXTENDED LIVING Q 67954 FAIR MARKET VALUE BETH-ANNE RESIDENCES Q 104600 FAIR MARKET VALUE