2024-03-15T20:52:19-05:00 2023-06-30 221478099 COHNREZNICK LLP 525 NORTH TRYON STREET CHARLOTTE NC 28202 990 2022-07-01 364062755 18TH & WABASH CORP 18TH 3124210588 1801 S WABASH CHICAGO IL 60616 DOUGLAS B ROSS PRESIDENT 3124210588 2024-03-05 1 DOUGLAS ROSS XXX-XX-XXXX 1 LORI ROTHE YOKOBOSKY CPA P01273422 7043329100 2024-02-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOUGLAS B ROSS 1801 S WABASH CHICAGO IL 60616 1074152 0 X N/A X 1995 IL TO PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME INDIVIDUALS. 4 4 0 4 0 0 0 0 957808 1073654 11 498 0 0 957819 1074152 0 0 0 0 0 0 0 0 0 1563735 1815950 1563735 1815950 -605916 -741798 3729455 3324646 15802492 16139481 -12073037 -12814835 18TH & WABASH CORP. WAS FORMED TO CONSTRUCT AND OPERATE A 170 ROOM SINGLE RESIDENCY OCCUPANCY (SRO). THE CORPORATION'S PRIMARY PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME INDIVIDUALS. 0 0 1784986 1073654 18TH & WABASH CORP. WAS ORGANIZED ON AUGUST 24, 1995 AS AN ILLINOIS NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A SINGLE ROOM OCCUPANCY ("SRO") RENTAL HOUSING PROJECT UNDER THE FEDERAL HOME INVESTMENT PARTNERSHIP PROGRAM WITH FUNDS HAVING FLOWED THROUGH THE CITY OF CHICAGO DEPARTMENT OF HOUSING IN THE FORM OF A MORTGAGE LOAN. THE PROJECT CONSISTS OF 170 UNITS LOCATED IN CHICAGO, ILLINOIS AND IS COMMONLY CALLED THE STUDIOS. 1784986 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 IL X DOUGLAS B ROSS 3124210588 1801 S WABASH CHICAGO IL 60616 X DOUGLAS ROSS PRESIDENT 2.00 X X 0 0 0 JACKIE PINGEL DIRECTOR 2.00 X 0 0 0 JAY TREMBLAY TREASURER & VP 2.00 X X 0 0 0 MONIQUE PATTERSON SECRETARY 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 TENANT RENT REVENUE 531110 726138 726138 RESIDENT ASSISTANCE PA 531110 312742 312742 AUXILLARY SERVICES 531110 22265 22265 TENANT CHARGES 531110 12509 12509 1073654 498 498 1074152 1073654 0 498 349115 349115 18996 18996 30964 30964 15 15 39373 39373 6426 6426 200486 200486 14 14 190254 190254 332192 332192 47821 47821 TAXES 188349 188349 SECURITY CONTRACT 170215 170215 REPAIRS & MAINTENANCE 142753 142753 BAD DEBTS 98977 98977 1815950 1784986 30964 0 147005 168315 172956 79254 14806 14183 10764414 7717115 3379491 3047299 15197 15595 3729455 3324646 458204 684003 26653 21251 10682328 10681399 4635307 4752828 15802492 16139481 X -12073037 -12814835 -12073037 -12814835 3729455 3324646 -741798 0 X 0 1 X 1 1 1 X 952560 1004690 959277 957808 1073654 4947989 952560 1004690 959277 957808 1073654 4947989 0 0 0 4947989 989 158 3 11 498 1659 989 158 3 11 498 1659 953549 1004848 959280 957819 1074152 4949648 0.99970 0.99950 0.00030 0.00050 X 987527 987527 9603325 7543553 2059772 55477 55477 0 118085 118085 0 3047299 ACCRUED PROPERTY TAXES 91318 ACCRUED LEASED EMPLOYEE COSTS 16097 ACCRUED INTEREST 4645413 4752828 X 1074152 0 1074152 0 1074152 1815950 0 1815950 0 1815950 PART X, LINE 2: THE CORPORATION HAS ELECTED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2023. 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 INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 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 INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, OR TRUSTEES, OR KEY EMPLOYEES TO A MANAGEMENT COMPANY OR OTHER PERSON. FORM 990, PART VI, SECTION A, LINE 8B THE OFFICERS AS THE GOVERNING BODY MAKE THE DECISIONS FOR THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SUBMITTED TO ALL BOARD MEMBERS PRIOR TO SUBMISSION, ALONG WITH REQUEST FOR COMMENTS. COMMENTS AND QUESTIONS ARE ADDRESSED PRIOR TO THE FORM 990 BEING FILED. FORM 990, PART VI, SECTION C, LINE 19 ILLINOIS CHARITABLE ORGANIZATION ANNUAL REPORTS CAN BE OBTAINED THROUGH THE ILLINOIS ATTORNEY GENERAL'S WEBSITE (WWW.ILLINOISATTORNEYGENERAL.GOV/CHARITIES/SEARCH/INDEX.ISP). FEDERAL FORM 990, THE ILLINOIS ANNUAL REPORT AND ALL OTHER INFORMATION CAN BE REQUESTED BY WRITING TO THE ORGANIZATION.