2026-05-27T11:46:09-04:00 2025-12-31 364119639 KOLNICKI PETERSON & WIRTH CPA'S 1400 OPUS PLACE SUITE 100 DOWNERS GROVE IL 60515 990 2025-01-01 363846104 ELIZABETH H & CYRUS V GIDDINGS CORP ELIZ 7083869322 21 SOUTH BOULEVARD OAK PARK IL 60302 WAYNE PIERCE CHAIR 7083869322 2026-05-18 true KENNETH W PETERSON CPA P00046293 6303901140 2026-05-27 2025 2025-03-06 01:10:19Z DAVID G POPE 194885 false X N/A X 1987 IL THE ORGANIZATION WAS CREATED TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING. 8 8 0 0 98113 112900 82280 81664 206 321 0 180599 194885 0 0 43058 45603 0 0 191103 211095 234161 256698 -53562 -61813 842932 791881 1924817 1935579 -1081885 -1143698 X THE ORGANIZATION WAS CREATED TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. TO ACCOMPLISH THIS PURPOSE IT OPERATES NUMEROUS UNIT APARTMENTS LOCATED IN OAK PARK, ILLINOIS. THE PROJECT IS REGULATED BY HUD THROUGH AN AGREEMENT. false false 155381 81664 EXPENSES INCURRED IN RELATION TO THE OPERATIONS OF THE HOUSING FACILITY FOR HANDICAPPED AND ELDERLY PERSONS. DEPRECIATION EXPENSE OF UNITS THAT RELATE TO THE ORGANIZATION'S MISSION. 155381 true false false false false false false false false false true false false true true false 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 true 9 0 0 false false false false false false false false X 8 8 false true false false false false false true true false false false true true true true true false false false IL X BRAD SINN 7083869322 21 SOUTH BLVD OAK PARK IL 60302 X WAYNE PIERCE CHAIR X X 0 0 0 DAVID G POPE CEO X 0 0 0 MARGARET GREENWALD SECRETARY X X 0 0 0 PETER MICHAEL GONZALEZ TREASURER X X 0 0 0 JENNIFER STRATMAN VICE CHAIR X X 0 0 0 NANCY LEAVY DIRECTOR X 0 0 0 RYAN VON DREHLE DIRECTOR X 0 0 0 DARIAN BLOOM DIRECTOR X 0 0 0 CODY POWELL DIRECTOR X 0 0 0 JOCELY PACHECO DIRECTOR X 0 0 0 false false false 112900 112900 RENTAL INCOME 80091 80091 PARKING & OTHER REVENUE 1573 1573 81664 321 321 194885 81664 321 X 41678 12000 29678 816 816 3109 3109 15566 15566 1832 1832 15671 15671 41049 40629 420 21089 21089 2687 2687 30497 30497 65680 65680 9414 4707 4707 INSPECTIONS 3788 3788 BAD DEBTS 1868 1868 TENANT SERVICES 1026 1026 DUES AND SUBSCRIPTIONS 597 597 331 331 256698 155381 101317 0 7942 6099 66536 9631 2401 2769 2233193 1604303 666411 628890 99642 144492 842932 791881 17996 8152 775 745 1618400 1618400 287646 308282 1924817 1935579 X -1081885 -1143698 -1081885 -1143698 842932 791881 -61813 X false true X true true true X 103128 105224 96545 98113 112900 515910 103128 105224 96545 98113 112900 515910 515910 31 61 106 206 321 725 516635 398938 0.99860 0.99910 X 104000 104000 1579495 1235233 344262 549698 369070 180628 628890 FUND RESERVE FOR REPLACEMENTS 106662 RESIDUAL RECEIPTS RESERVE 32226 SECURITY DEPOSITS 5604 144492 OTHER LOANS & NOTES PAYABLE 214803 DUE TO VILLAGE OF OAK PARK RESIDENCE 70895 MISCELLANEOUS CURRENT LIABILITIES 15056 TENANT SECURITY DEPOSITS 5816 ACCRUED WAGES PAYABLE 1712 308282 194885 194885 194885 256698 256698 256698 FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION WAS CREATED TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. TO ACCOMPLISH THIS PURPOSE IT OPERATES NUMEROUS UNIT APARTMENTS LOCATED IN OAK PARK, ILLINOIS. THE PROJECT IS REGULATED BY HUD THROUGH AN AGREEMENT. FORM 990 NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIALS SINCE IT IS EXEMPT FROM FEDERAL INCOME TAXES,EXCEPT FOR TAX ON UNRELATED BUSINESS INCOME UNDER SEC 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN SEC 501(C)(3). THE COMPANY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) AND IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION HAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. THE ORGANIZATION HAS DETERMINED THAT IT IS NOT NECESSARY TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ONE STATE. THE FEDERAL AND STATE TAX RETURNS OF THE ORGANIZATION FOR 2021 - 2023 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. FORM 990, PAGE 2, PART III, LINE 4D DEPRECIATION EXPENSE OF UNITS THAT RELATE TO THE ORGANIZATION'S MISSION. FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION SHARES THE SAME BOARD OF DIRECTORS WITH THIER AFFILIATE, OAK PARK RESIDENCE CORPORATION. THE ORGANIZATION SHARES THE SALARIES OF VARIOUS PERSONNEL AND OFFICE EXPENSES WITH OAK PARK RESIDENCE CORPORATION. THE PROPERTY MANAGEMENT PROGRAM OF OAK PARK RESIDENCE CORPORATION ADMINISTERS AND MANAGES THE ORGANIZATION AND COLLECTS A MONTHLY MANAGEMENT FEE OF 6% OF RENTS. FORM 990, PAGE 6, PART VI, LINE 11B THE DRAFT FORM 990 WILL BE CIRCULATED TO THE FINANCE COMMITTEE WHERE IT WILL BE REVIEWED AND ANY FINDINGS WILL BE PRESENTED TO THE BOARD. THE BOARD WILL APPROVE THE SUBMISSION OF THE FORM BEFORE IT IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C ENFORCEMENT OF POLICIES IS ACCOMPLISHED BY THE ORGANIZATION'S OFFICERS, TRUSTEES, KEE EMPLOYEES AND BOARD ARE REQUIRED TO DISCLOSE OR UPDATE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND THE BOARD UNDERSTANDS THEY ARE ON LEGAL NOTICE ONCE THE DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G REPAIRS AND MAINTENANCE 40,629 0 0 LICENSES 0 420 0 TOTAL 40,629 420 0