2024-02-14T12:20:14-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2022-07-01 363682153 RESIDENTIAL FACILITIES CORPORATION RESI 3093442323 2323 N WINDISH DRIVE GALESBURG IL 61401 WILLIAM NELSON CEO 3093442323 2024-01-29 1 WILLIAM NELSON 999009999 1 JENNIFER ADDIS P01890345 3096714500 2024-01-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM NELSON 2323 N WINDISH DRIVE GALESBURG IL 61401 196181 0 X N/A X 1989 IL TO PROVIDE HOUSING TO ELDERLY AND DISABLED. 5 4 0 0 0 0 0 0 193316 195959 5 11 1230 211 194551 196181 0 0 0 0 16551 17603 0 0 0 170754 172402 187305 190005 7246 6176 266491 269797 762943 760073 -496452 -490276 TO PROVIDE HOUSING TO THE ELDERLY AND THE DISABLED. 0 0 154566 195959 OPERATION OF A 15 UNIT APARTMENT PROJECT FOR DISABLED INDIVIDUALS PURSUANT TO EXEMPT PURPOSE. 154566 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 IL X BRIDGEWAY INC 3093442323 2323 N WINDISH DRIVE GALESBURG IL 61401 X STEVE TIBBITTS VICE CHAIRMAN 0.50 4.50 X X 0 0 0 DAVID GARNER CHAIRMAN 0.50 4.50 X X 0 0 0 WILLIAM NELSON CEO/PRESIDENT 0.50 6.00 X X 0 0 0 JASON DUNCAN BOARD MEMBER 0.50 4.50 X 0 0 0 CHRIS BUTCHER BOARD MEMBER 0.50 4.50 X 0 0 0 STACI DANNER TREASURER 0.50 6.00 X 0 0 0 JENNIFER DALTON SECRETARY 0.50 6.00 X 0 0 0 0 0 0 0 0 0 0 0 HOUSING ASSISTANCE PMT 623990 141980 141980 APARTMENT CARRY CHARGE 623990 53979 53979 195959 11 11 OTHER REVENUE 623990 211 211 211 196181 195959 0 222 X 17603 13838 3765 14277 14277 13346 13346 3572 3572 20526 20526 40368 40368 16122 16122 16565 16565 OPERATING AND MAINTENAN 43853 43853 MORTGAGE INSURANCE PREM 3115 3115 MISCELLANEOUS EXPENSES 390 390 MISC TAXES/LICENSES/PER 179 179 89 89 190005 154566 35439 0 3270 6493 89 311 14848 15713 1173432 955882 219499 217550 28785 29730 266491 269797 94253 107635 664213 647708 4477 4730 762943 760073 X -496452 -490276 -496452 -490276 266491 269797 6176 0 X 0 1 X 0 1 1 X 203332 206369 158928 193316 195959 957904 203332 206369 158928 193316 195959 957904 957904 53 30 8 5 11 107 965 1014 1239 1230 211 4659 962670 0.99500 0.99390 X 43000 43000 1079165 907451 171714 21714 18878 2836 29553 29553 0 217550 RESERVE FOR REPLACEMENTS 15972 RESIDUAL RECEIPTS RESERVE 3753 TENANT SECURITY DEPOSITS 4899 MORTGAGE ESCROW DEPOSITS 5106 29730 TENANT SECURITY DEPOSITS 4730 4730 X 196181 0 196181 0 196181 190005 0 190005 0 190005 PART X, LINE 2: PROVISION FOR INCOME TAXES IS NOT REQUIRED SINCE THE CORPORATION IS A NONPROFIT ORGANIZATION ESTABLISHED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, INCOME TAXES ARE NOT PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES FOR UNCERTAIN TAX POSITIONS. ORGANIZATIONS LISTED IN PART D BELO OFFICERS OF THIS ORGANIZATION ARE OFFICERS OF ORGANIZATIONS LISTED BELOW 147736 THE AMOUNT DISCLOSED INCLUDES THE AMOUNT OWED FROM THIS ORGANIZATION TO THE LISTED ORGANIZATIONS AT YEAR-END AND THE EXPENSE PAID/INCURRED TO THESE ORGANIZATIONS DURING THE CURRENT YEAR.AMOUNT DUE AT 6/30/2023 TO BRIDGEWAY, INC. AND HUMAN SERVICE PROFESSIONALS, LLC: MAINTENANCE FEE = $23,780 MANAGEMENT SALARY = $58,231 OTHER = $12,690 TOTAL = $94,701EXPENSES INCURRED AND/OR PAID TO BRIDGEWAY, INC. AND HUMAN SERVICE PROFESSIONALS LLC: MANAGEMENT AGREEMENT = $14,277 MAINTENANCE CONTRACT = $ 6,960 BOOKKEEPING FEES = $ 3,240 SALARY REIMBURSEMENT = $17,603 CLEANING EXPENSE = $10,955 TOTAL = $53,035 1 FORM 990, PART VI, SECTION A, LINE 3 DAILY MANAGEMENT SERVICES ARE PERFORMED BY HUMAN SERVICE PROFESSIONALS, LLC AND BRIDGEWAY, INC. FORM 990, PART VI, SECTION A, LINE 8B DUE TO THE SIZE OF THE BOARD, THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM IS REVIEWED BY THE TREASURER AND PRESIDENT BEFORE SIGNATURE. THE RETURN IS APPROVED BY THE BOARD PRIOR TO OR AFTER FILING DEPENDING UPON TIMING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS GO THROUGH INDEPENDENCE TRAINING AND ARE REQUIRED TO REPORT ANY CONFLICTS TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 24E BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 89. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89. SCHEDULE R, PART V, LINE 2 TRANSACTIONS WITH RELATED PARTY: AT JUNE 30, 2023, RESIDENTIAL FACILITIES CORPORATION OWED TO BRIDGEWAY, INC. THE FOLLOWING: RESIDENT MANAGEMENT SALARY $58,231 MAINTENANCE FEES $23,780 OTHER $12,690 TOTAL AMOUNT DUE $94,701 AMOUNTS REPORTED ON SCHEDULE R, PART V, LINE 2 OTHER THAN THE AMOUNT DETAILED ABOVE, REFLECT EXPENSES INCURRED AND/OR PAID TO BRIDGEWAY, INC. FOR THE PERIOD ENDED JUNE 30, 2023. BRIDGEWAY INC 2323 N WINDISH DRIVE GALESBURG IL 61401 370984175 DIVERSIFIED SERVICES TO NEEDY IL 501(C)(3) 9 0 BRIDGEWAY FOUNDATION 2323 N WINDISH DRIVE GALESBURG IL 61401 371030683 PROPERTY MANAGEMENT IL 501(C)(3) 9 0 BRIDGEWAY TRAINING SERVICES INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371121014 EMPLOYMENT TRAINING SERVICES TO DISABLED & DISADVANTAGED IL 501(C)(3) 9 0 MCRC REHABILITATION INC 2323 N WINDISH DRIVE GALESBURG IL 61401 363558388 HOUSING TO ELDERLY AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY SANDBURG 2323 N WINDISH DRIVE GALESBURG IL 61401 371358634 HOUSING TO LOW-INCOME AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY HOMES 02 2323 N WINDISH DRIVE GALESBURG IL 61401 352196816 HOUSING TO ELDERLY AND DISABLED IL 501(C)(3) 7 0 MCRC HOUSING INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371182243 HOUSING TO ELDERLY AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY HOUSING INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371341741 HOUSING TO LOW-INCOME AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY KEWANEE 04 2323 N WINDISH DRIVE GALESBURG IL 61401 201093505 HOUSING TO LOW-INCOME AND DISABLED IL 501(C)(3) 7 0 BRIDGEWAY MCKINLEY INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371358635 HOUSING TO ELDERLY AND DISABLED IL 501(C)(3) 7 0 MIDWEST SPECIAL RECREATION ASSOCIATION 2323 N WINDISH DRIVE GALESBURG IL 61401 371290554 RECREATIONAL PROGRAMS FOR DISABLED IL 501(C)(3) 7 0 BRIDGEWAY PROPERTIES CORPORATION 2323 N WINDISH DRIVE GALESBURG IL 61401 363454961 FURNISH SERVICES/FACILITIES TO OTHER ORGANIZATIONS IL 501(C)(2) 7 0 ILLINOIS GROWTH ENTERPRISES 7200 CLINTON ROAD LOVES PARK IL 61111 362694680 VOCATIONAL DEVELOPMENT & EMPLOYMENT TRAINING IL 501(C)(3) 9 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 BRIDGEWAY INC M 21155 BRIDGEWAY INC E 94701 BRIDGEWAY INC P 17603