2024-02-14T12:19:44-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2022-07-01 371182243 MCRC HOUSING INC MCRC 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 186343 0 X N/A X 1985 IL TO PROVIDE HOUSING TO THE ELDERLY AND DISABLED PERSONS. 5 4 0 0 0 0 0 0 207218 185104 23 35 2014 1204 209255 186343 0 0 0 0 33842 45053 0 0 0 206314 211121 240156 256174 -30901 -69831 267285 268475 827076 898097 -559791 -629622 TO PROVIDE HOUSING TO THE ELDERLY AND DISABLED PERSONS. 0 0 216832 185104 OPERATION OF AN 11 UNIT APARTMENT AND 8 UNIT GROUP HOME FOR ELDERLY AND HANDICAPPED PURSUANT TO EXEMPT PURPOSE. 216832 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 5 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 134132 134132 APARTMENT CARRY CHARGE 623990 50972 50972 185104 35 35 TENANT CHARGES 623990 1204 1204 1204 186343 185104 0 1239 X 45053 41288 3765 14898 14898 14210 14210 5917 5917 23579 23579 35865 35865 25283 25283 15024 15024 OPERATING AND MAINTENAN 72176 72176 MORTGAGE INSURANCE PREM 2751 2751 MISC TAXES/LICENSES/PER 866 866 MISCELLANEOUS EXPENSES 390 390 162 162 256174 216832 39342 0 9965 1703 1331 1220 12902 13315 904493 699019 183408 205474 59679 46763 267285 268475 253513 339986 569340 554986 4223 3125 827076 898097 X -559791 -629622 -559791 -629622 267285 268475 -69831 0 X 0 1 X 0 1 1 X 168270 209301 203939 207218 185104 973832 168270 209301 203939 207218 185104 973832 973832 55 52 35 23 35 200 2330 2662 2157 2014 1204 10367 984399 0.98930 0.98800 X 22305 22305 861487 685610 175877 9455 4100 5355 11246 9309 1937 205474 TENANT SECURITY DEPOSITS 3388 MORTGAGE ESCROW DEPOSITS 4568 RESERVE FOR REPLACEMENTS 38807 46763 TENANT SECURITY DEPOSITS 3125 3125 X 186343 0 186343 0 186343 256174 0 256174 0 256174 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 FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. ORGANIZATIONS LISTED IN PART D BELO OFFICERS OF THIS ORGANIZATION ARE OFFICERS OF ORGANIZATIONS LISTED BELOW 417531 THE AMOUNT DISCLOSED INCLUDES THE AMOUNT OWED FROM THIS ORGANIZATION TO THE LISTED ORGANIZATIONS AT YEAR-END AND THE EXPENSE PAID/INCURRED TO THESE OTHER ORGANIZATIONS DURING THE CURRENT YEAR. AMOUNT DUE AT 6/30/2023 TO BRIDGEWAY, INC. AND HUMAN SERVICE PROFESSIONALS, LLC: MANAGEMENT FEE = $ 35 MAINTENANCE FEE = $ 39,424 MANAGEMENT SALARY = $224,284 OTHER = $ 61,288 TOTAL = $325,031EXPENSES INCURRED AND/OR PAID TO BRIDGEWAY, INC. AND HUMAN SERVICE PROFESSIONALS LLC: MANAGEMENT AGREEMENT = $14,898 MAINTENANCE CONTRACT = $ 7,392 BOOKKEEPING FEES = $ 4,104 SALARY REIMBURSEMENT = $45,053 CLEANING EXPENSE = $21,053 TOTAL = $92,500 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 162. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 162. SCHEDULE R, PART V, LINE 2 TRANSACTIONS WITH RELATED PARTY: AT JUNE 30, 2023, MCRC HOUSING, INC. OWED TO BRIDGEWAY, INC. THE FOLLOWING: RESIDENT MANAGEMENT SALARY $224,284 MAINTENANCE FEES $ 39,424 OTHER $ 61,288 TOTAL AMOUNT DUE $324,996 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 BRIDGEWAY HOUSING INC 2323 N WINDISH DRIVE GALESBURG IL 61401 371341741 HOUSING TO LOW-INCOME AND DISABLED IL 501(C)(3) 7 0 RESIDENTIAL FACILITIES CORPORATION 2323 N WINDISH DRIVE GALESBURG IL 61401 363682153 HOUSING TO ELDERLY 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 32549 BRIDGEWAY INC E 325031 BRIDGEWAY INC P 45053