2024-10-22T14:34:12-05:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 363958717 NEW DIRECTIONS HOUSING CORPORATION NEWD 6309545651 2901 BUTTERFIELD ROAD OAK BROOK IL 60523 RODGER BROWN PRESIDENT 6309545651 2024-08-29 1 0 JOSEPH R STROUP P01657031 3178485700 2023 2024-10-15 13:58:12Z RODGER BROWN 2901 BUTTERFIELD RD OAK BROOK IL 60523 221054 0 X WWW.NDHCORP.COM X 1994 IL TO PROVIDE AFFORDABLE HOUSING TO POOR AND DISTRESSED INDIVIDUALS WHO WOULD OTHERWISE BE UNABLE TO AFFORD SAFE AND DECENT HOUSING WITHOUT UNDUE HARDSHIP AND TO WORK IN CONJUNCTION WITH OTHER ORGANIZATIONS THAT PROVIDE CHARITABLE AND SOCIAL SERVICES TO POOR INDIVIDUALS AND FAMILIES. 11 10 0 0 0 0 65301 76724 46312 48777 7734 9989 21960 85564 141307 221054 0 0 0 0 406416 361417 0 0 0 238935 252230 645351 613647 -504044 -392593 15373543 14748652 740466 706442 14633077 14042210 X TO PROVIDE AFFORDABLE HOUSING TO POOR AND DISTRESSED INDIVIDUALS WHO OTHERWISE WOULD BE UNABLE TO AFFORD SAFE AND DECENT HOUSING WITHOUT UNDUE HARDSHIP AND TO WORK IN CONJUNCTION WITH OTHER ORGANIZATIONS THAT PROVIDE CHARITABLE AND SOCIAL SERVICES TO POOR INDIVIDUALS AND FAMILIES. 0 0 485455 48777 PROVIDE AFFORDABLE HOUSING TO POOR AND DISTRESSED INDIVIDUALS WHO OTHERWISE WOULD BE UNABLE TO AFFORD SAFE AND DECENT HOUSING THROUGH ASSET & PROPERTY MANAGEMENT, REAL ESTATE DEVELOPMENT SERVICES FOR LOW-INCOME PROJECTS, AND REHABILATION OF HOMES FOR THE PURPOSE OF SELLING THEM TO LOW-TO-MODERATE INCOME PERSONS. 485455 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 IL X RODGER BROWN 6309545651 2901 BUTTERFIELD ROAD OAK BROOK IL 60523 RODGER BROWN PRESIDENT 40.00 X X 150000 0 0 DONALD FUMO DIRECTOR 1.00 X 0 0 0 LARRY STARKMAN DIRECTOR 1.00 X 0 0 0 ROBERT WEINSTEIN DIRECTOR 1.00 X 0 0 0 LUPE GRIFFIN DIRECTOR 1.00 X 0 0 0 TRACY LE DIRECTOR 1.00 X 0 0 0 PIERRE MCGUIRE DIRECTOR 1.00 X 0 0 0 WES BECTON DIRECTOR 1.00 X 0 0 0 HEIDI LAWTON DIRECTOR 1.00 X 0 0 0 LESLEY FLORES DIRECTOR 1.00 X 0 0 0 ERNESTO MATIAS DIRECTOR 1.00 X 0 0 0 150000 0 0 1 0 0 0 0 65301 11423 76724 RENTAL INCOME 531110 75405 75405 DEVELOPER FEE 531110 9727 9727 LOSS FROM OPERATING PA 531110 -36355 -36355 48777 9989 9989 OTHER REVENUE-MISC. 531110 85564 85564 85564 221054 48777 0 95553 150000 150000 211417 211417 128192 128192 42264 42264 5351 5351 34073 34073 42350 42350 613647 485455 128192 0 10229301 5424538 70433 85359 1399062 412028 1017447 987034 1337157 1341939 11970 10812 2707235 6898970 15373543 14748652 43031 78598 597414 532113 750 775 99271 94956 740466 706442 X 14633077 14042210 14633077 14042210 15373543 14748652 -392593 68787 -267061 0 X X 0 1 X 1 0 X 65787 65576 65386 65301 76724 338774 2074710 150634 108829 46312 48777 2429262 2140497 216210 174215 111613 125501 2768036 0 0 0 2768036 5726 6198 6619 7734 9989 36266 5726 6198 6619 7734 9989 36266 457709 1625 11439 21960 85564 578297 2603932 224033 192273 141307 221054 3382599 0.81830 0.84580 0.01070 0.00860 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES, AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108884 108884 1143287 302334 840953 54558 23222 31336 92333 86472 5861 987034 LAKEWOOD TOWERS -76975 C ALTON SQUARE 262514 C COUNTRYSIDE RIVER 158260 C NDHC, INC. -5546 C BUTTONWOOD 29970 C GREENLEAF 2075 C ALTAMONT SENIOR RESIDENCES 62339 C BERWYN APARTMENTS 774255 C GREYSTONE 135047 C 1341939 DEVELOPMENT IN PROGRESS 5457942 TAX AND INSURANCE ESCROW 5269 PREPAID EXPENSE 3953 DUE FROM RELATED PARTIES 1431806 6898970 X 190428 68787 68787 121641 99413 99413 221054 613522 0 613522 125 125 613647 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIALS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS ON INVESTMENT 68,787. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCES FROM PASS-THROUGH ENTITIES 99,413. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 125. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED AT THE ANNUAL MEETING. THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS THEN IN OFFICE SHALL BE REQUIRED FOR THE ELECTION OF A DIRECTOR. A DIRECTOR THEN IN OFFICE SHALL BE ELECTED BY THE BOARD OF DIRECTORS TO SERVE AS CHAIRPERSON OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE AFFAIRS OF THE CORPORATION SHALL BE MANAGED BY ITS BOARD OF DIRECTORS, WHICH SHALL HAVE THE POWERS AS ARE SET FORTH IN OTHER ARTICLES AND OTHER POWERS INCLUDING, BUT NOT LIMITED TO: -INTERPRETING THE PROVISIONS OF THE ARTICLES OF INCORPORATION -CONTROLLING THE FUNDS OF THE CORPORATION AND DESIGNATING THEIR DEPOSITORIES -AUTHORIZING EXPENDITURES FROM THE FUND OF THE CORPORATION TO IMPLEMENT ITS GOALS AND PURPOSES -APPOINTING OR AUTHORIZING THE APPOINTMENT OR EMPLOYMENT OF PROFESSIONAL AND ADMINISTRATIVE STAFF PERSONNEL, INCLUDING BUT NOT LIMITED TO AN EXECUTIVE DIRECTOR, PROFESSIONAL AUDITORS AND OTHERS TO ASSIST IN CARRYING OUT THE PURPOSES AND RESOLVES OF THE CORPORATION -DETERMINING COMPENSATION FOR SERVICES RENDERED OR TO BE RENDERED TO THE CORPORATION BY PERSONS OTHER THAN DIRECTORS OF THE CORPORATION -PERFORMING ALL OTHER ACTS CONSISTENT WITH THE ARTICLES OF INCORPORATION AND THESE BY-LAWS THAT MAY BE NEEDED TO CARRY OUT THE PURPOSES AND RESOLVES OF THE CORPORATION FORM 990, PART VI, SECTION B, LINE 11B THE COPY OF THE FORM 990 IS SUBMITTED TO THE PRESIDENT OF THE ORGANIZATION PRIOR TO FILING THE TAX RETURN. THE FORM IS NOT PROVIDED TO THE REMAINDER OF THE DIRECTORS FOR THEIR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST AT THE OFFICES OF THE NOT FOR PROFIT. PART XI, LINE 2C OVERSIGHT OF AUDIT FUNCTION: THE PRESIDENT OF THE BOARD RECEIVES THE AUDIT PRIOR TO THE FINALIZATION OF THE AUDIT. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDIT AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. 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