2025-04-15T15:28:41-07:00 2024-06-30 364025026 Wieland Wallace Inc 232 S Batavia Avenue Batavia IL 60510 990 2023-07-01 362700973 EBENEZER PRIMM TOWERS INC EBEN 7084444942 8201 W 183RD STREET STE K TINLEY PARK IL 60487 REV DEBORAH SCOTT President 2025-04-15 true true PAUL H WIELAND P00326532 6304064490 2023 2025-03-06 01:10:19Z REV DEBORAH SCOTT 8201 W 183RD STREET STE K TINLEY PARK IL 60487 151252 false X N/A X 1972 IL TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW - INCOME TENANTS 8 8 0 0 0 73708 151252 8141186 0 133582 0 8348476 151252 0 0 7542 0 0 0 91236 0 98778 0 8249698 151252 4981249 5632501 0 4981249 5632501 TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW - INCOME TENANTS false false THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO ELIGIBLE LOW - INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED PURSUANT TO HUD GUIDELINES.IN 2022 THE ORGANIZATION'S RENTAL PROPERTY WAS SOLD TO A LOW-INCOME HOUSING TAX CREDIT (LIHTC) LIMITED PARTNERSHIP IN ORDER TO FINANCE A COMPLETE RENOVATION. THE ORGANIZATION HAS AN INTEREST IN THE GENERAL PARTNER, EBENEZER-PRIMM LLC, WHICH HAS ELECTED TO BE TAXED AS A REGULAR C CORPORATION.THE ORGANIZATION HAS CARRIED BACK A PURCHASE MONEY NOTE FROM THE LIHTC LIMITED PARTNER IN THE AMOUNT OF $4,350,000 WHICH CARRIES INTEREST AT 3.35% COMPOUNDED ANNUALLY AND WHICH IS PAYABLE IN ACCORDANCE WITH THE TERMS OF THE NOTE. A LIQUIDITY RESERVE IN THE AMOUNT OF $500,000 IS HELD IN THE NAME OF THE ORGANIZATION UNDER THE CONTROL OF THE LIMITED PARTNERSHIP INVESTOR. THE NOTE AND THE INTEREST IN THE GENERAL PARTNER COMPRiSE ALL OF THE ORGANIZATION'S REMAINING ASSETS. true false false false false false false false false false false 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 false false false true 3 0 false 0 false false false false false false false 0 false false false false false false false X 8 8 false true false false false false false false false false false true true true true true true true true false IL X X UNIVERSAL MANAGEMENT CORP 7084444942 8201 W 183RD STREET SUITE K TINLEY PARK IL 60487 X REV DEBORAH SCOTT President 1.00 0.00 X X 0 0 0 MONICA MARTIN Vice President 1.00 0.00 X X 0 0 0 ANN WILSON Secretary 1.00 0.00 X X 0 0 0 CAROLYN WHARTON Treasurer 1.00 0.00 X X 0 0 0 BURVIN SAUNDERS Director 1.00 0.00 X 0 0 0 PHOEBE BRADFORD Director 1.00 0.00 X 0 0 0 CORNELL RICHARDSON Director 1.00 0.00 X 0 0 0 0 false false false 0 0 PROGRAM RECBLE INTEREST 900099 151252 151252 151252 0 0 0 0 0 0 0 0 0 151252 151252 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 0 0 0 0 0 0 0 0 0 0 4350000 4350000 0 0 0 0 0 497668 497668 0 133581 784833 4981249 5632501 0 0 X 4981249 5632501 4981249 5632501 4981249 5632501 151252 500000 X false false false X 0 1198401 1321162 1283200 207290 151252 4161305 0 0 0 1198401 1321162 1283200 207290 151252 4161305 0 0 4161305 224 46 40 310 0 224 46 40 310 0 0 1198625 1321208 1283240 207290 151252 4161615 0.99990 0.00010 X 497668 ACCRUED INTEREST 284833 LIQUIDITY RESERVE-PNC BANK 500000 784833 Form 990, Part VI, Section A, Line 3 A MANAGEMENT COMPANY IS ENGAGED TO MANAGE DAY TO DAY OPERATIONS OF RENTAL ACTIVITIES. Form 990, Part VI, Section B, Line 11b DRAFT RETURN IS REVIEWED BY THE ORGANIZATION'S OFFICERS PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c MANAGEMENT COMPANY MONITORS COMPLIANCE AS PART OF THE MANAGEMENT AGREEMENT. Form 990, Part VI, Section B, Line 15a ORGANIZATION CONSISTENTLY REVIEWS AND MONITORS COMPENSATION PACKAGES AGAINST CURRENT MARKET RATES. Form 990, Part VI, Section C, Line 19 ALL INFORMATION IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. Statement Note 1 Statement regarding disregarded entity's election not to be treated as a tax-exempt entityThe Organization is 100% owner in Ebenezer-Primm LLC EIN 86-1676437. That entity has elected to have any gain recognized by its tax-exempt parent on any disposition of an interest in the taxpayer (and to treat any dividends or interest received or accrued from the taxpayer) as unrelated business taxable income under Code section 511 in order for the taxpayer not be treated as a tax-exempt entity (or as a successor to a tax-exempt entity) under section 168(h)(6)(F)(ii) of the IRS. This election is irrevocable JACOB BLAKE MANOR LTD 8201 W 183RD ST TINLEY PARK IL 60487 365083089 PROVISION OF AFFORDABLE HOUSING LOW INC IL 501(C)(3) ACTIVE NA false false false false false false false false false false false false false false false false false false false false