2013-12-20T10:54:41-06:00 2013-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2012-07-01 363013241 BETHEL NEW LIFE INC BETH 7734737870 4950 WEST THOMAS STREET CHICAGO IL 60651 LORI R VALLELUNGA PHD 7734737870 2013-12-19 1 LU ANN TRAPP P01506476 3122071040 2013-12-19 2012 2015-11-30 17:44:51Z LORI R VALLELUNGA PHD 4950 WEST THOMAS STREET CHICAGO IL 60651 13634098 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 20 336 698 0 0 9176161 7633768 1083772 961276 17198 22457 406774 5016597 10683905 13634098 296000 162000 0 0 7715906 6760188 0 0 286414 2726340 2009646 10738246 8931834 -54341 4702264 8853488 6797190 11081096 4482011 -2227608 2315179 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 4733507 THE SUPPORTIVE LIVING PROGRAM (FORMERLY KNOWN AS COMMUNITY OF ELDERS) CONSISTS OF: ADULT DAY CARE PROVIDES AN ENVIRONMENT THAT PROMOTES AGING, CAREGIVER RESPITE, AND AN ALTERNATIVE TO PREMATURE INSTITUTIONALIZATION. CHORE HOMEMAKER PROVIDES IN-HOME SERVICES FOR THE ELDERLY VIA PERSONAL CARE, HOUSEKEEPING, MEAL PREPARATION, ESCORT FOR ERRANDS, AND SUPERVISION TO PREVENT PREMATURE INSTITUTIONALIZATION. BETH-ANNE PLACE - PROVIDES PERSONALIZED ASSISTANCE WITH DAILY LIVING ACTIVITIES FOR ELDERS THROUGH THE STATE DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES. 795014 836788 THE REAL ESTATE DIVISION CONSISTS OF RENTAL RESIDENTIAL AND COMMERCIAL REAL ESTATE. RENTAL RESIDENTIAL REAL 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. 642047 162000 THE EDUCATION DIVISION (FORMERLY KNOW AS COMMUNITY SERVICES 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 SHOOL NETWORK BUILDS A COLLECTIVE IMPACT SUSTAINABLE MODEL BY PARTNERING WITH LOCAL PUBLIC SCHOOLS TO HELP THEM IMPROVE IN AGREED UPON AREAS. 785579 124488 THE COMMUNITY ECONOMIC DEVELOPMENT DIVISION (FORMERLY KNOWN AS THE FAMILY ECONOMIC SUCCESS 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. 785579 124488 6956147 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 65 0 1 336 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 PAUL S WATFORD 7734737870 4950 WEST THOMAS STREET CHICAGO IL 60651 HOWARD NAT PIGGEE 1.00 1.00 X X 0 0 0 GEOFFREY KOSS 1.00 0.00 X X 0 0 0 BRUCE MARTIN 1.00 1.00 X X 0 0 0 JILL SCHUMANN 1.00 0.00 X X 0 0 0 PAUL RIMINGTON 1.00 0.00 X X 0 0 0 DALE BRUCKNER 1.00 0.00 X 0 0 0 JACKIE BRUCKNER 1.00 0.00 X 0 0 0 ANDREW CURTIS 1.00 0.00 X 0 0 0 SHERMAN HICKS 1.00 0.00 X 0 0 0 VALORA STARR 1.00 0.00 X 0 0 0 JEWEL MANDEVILLE 1.00 0.00 X 0 0 0 LARRY MARTIN 1.00 0.00 X 0 0 0 LAURIE WILKINSON 1.00 0.00 X 0 0 0 STEVEN COLE 1.00 0.00 X 0 0 0 CYNTHIA BARNES-BOYD 1.00 0.00 X 0 0 0 ANNIE MAE LIDDELL 1.00 0.00 X 0 0 0 TRUMAN N TOLEFREE 1.00 0.00 X 0 0 0 KAANAELI MAKUNDI 1.00 0.00 X 0 0 0 JAY WEAVER 1.00 0.00 X 0 0 0 CAMILLE LILLY 1.00 0.00 X 0 0 0 LORI R VALLELUNGA PHD 40.00 1.00 X 160833 0 6373 SAUL CYVAS 40.00 1.00 X 78167 0 45 239000 0 6418 1 0 1 0 GORDON FOOD SERVICE INC 420 50TH STREET NW GRAND RAPIDS MI 49548 FOOD SERVICE 211384 1 1033 6677851 954884 13641 7633768 RENTAL INCOME 623000 836788 836788 MANAGEMENT AND CONSULTING FEES 900099 64969 64969 OTHER PROGRAM SERVICE REVENUE 900099 59519 59519 961276 22457 22457 LOAN FORGIVENESS 900099 4941727 4941727 REDUCTION IN RESERVE FOR UNCOLLEC 900099 74870 74870 5016597 13634098 961276 0 5039054 162000 162000 317583 251798 55134 10651 5239732 4151418 912652 175662 1202873 986489 175412 40972 66195 66195 59792 59792 283776 144368 139408 324121 309657 13179 1285 255705 199956 48444 7305 94488 84341 9751 396 12957 4961 6970 1026 99202 83194 13884 2124 128572 74105 52306 2161 210203 167989 42214 REPAIRS AND MAINTENANCE 142400 124608 11819 5973 TELEPHONE 70347 54731 12537 3079 REAL ESTATE TAXES 65826 63043 2783 EQUIPMENT RENTAL 54964 29026 24231 1707 141098 64463 42562 34073 8931834 6956147 1689273 286414 1782537 1625273 200000 0 2500 0 2214938 900050 377128 213269 7492964 3827439 3734661 3665525 45194 56129 496530 336944 8853488 6797190 2140312 891255 8200560 3312659 740224 278097 11081096 4482011 X -2379561 2034850 151953 280329 -2227608 2315179 8853488 6797190 X 4702264 -159477 X 0 1 X 1 0 X 10189350 9256849 9495746 9194011 7633768 45769724 10189350 9256849 9495746 9194011 7633768 45769724 45769724 18867 22902 2194 22457 66420 462370 1737936 413472 5016597 7630375 53466519 2045048 0.85600 0.93660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45194 10935 56129 44929 265 45194 34699 10230 44929 139495 8082 112878 34699 497310 -278369 -79446 139495 1.00000 0.00000 0.00000 0 0 1007600 1007600 3236644 2546309 690335 1758429 334652 1423777 440436 271595 168841 1049855 674883 374972 3665525 REFUNDABLE PROGRAM ADVANCE 278097 278097 X 17265916 3631818 3631818 13634098 0 13634098 13147078 4215244 4215244 8931834 0 8931834 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO SUPPLEMENT PROGRAM EXPENDITURES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGMENT 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 ANAYLYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2013 AND 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE 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 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM AFFILIATED ORGANIZATIONS 3,631,818. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM AFFILIATED ORGANIZATIONS 4,055,767. IMPAIRMENT LOSS 159,477. 1 4:1 MATCH-SAVINGS GRANT FOR EACH QUALIFYING PARTICIPANT 27 162000 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PARTICIPANT AGREES TO OPEN AND MAINTAIN A NO-FEE BUSINESS SAVINGS ACCOUNT WITH A FINAL BALANCE OF $15,000 REACHED NO LATER THAN APRIL 15, 2013. PARTICIPANT IS REQUIRED TO ATTEND AT LEAST 80% OF THE ETP WORKSHOP SESSIONS (12 OF 15) IN ORDER TO QUALIFY FOR THE 4:1 MATCH-SAVINGS FUNDS. ATTENDANCE TRACKED BY SIGN-IN SHEETS AT EACH ETP SESSION. A BUSINESS AND INDIVIDUAL DEVELOPMENT ACCOUNT PANEL WILL MAKE A FINAL DETERMINATION FOR APPROVAL OF THE MATCHED FUNDS BY REVIEWING THE PARTICPANT'S BUSINESS PLAN, AND MAY MAKE RECOMMENDATION FOR ADJUSTMENT BEFORE THE FUNDS WILL BE RELEASED. X X X 0 0 0 0 0 0 0 0 0 LORI R VALLELUNGA PHD 125833 0 35000 0 0 0 0 0 6373 0 167206 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS -159,477. 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 72172 FAIR MARKET VALUE BETH-ANNE RESIDENCES Q 115781 FAIR MARKET VALUE BETHEL ANATHOTH GARDENS NFP Q 53901 FAIR MARKET VALUE