2026-02-03T16:30:11-06:00 2025-06-30 333709623 COHNREZNICK ADVISORY LLC 1 SOUTH WACKER DRIVE SUITE 3550 CHICAGO IL 60606 990 2024-07-01 841173586 CHAPTER III OF THE AFFORDABLE HOUSING PRESERVATION FOUNDATION CHAP 3128425500 BARON HARRIS 150S WACKER 2400 CHICAGO IL 60606 CLIFFORD ROME DIRECTOR/OFFICER 3128425500 2026-01-28 1 0 KAREN A SCHAEFER P00545171 3125085900 2024 2025-03-06 01:10:19Z CLIFFORD ROME 2850 S MICHIGAN CHICAGO IL 60616 1755483 0 7158 X N/A X 1991 IL CONSTRUCTION AND OPERATION OF HOUSING FACILITIES AND SERVICES FOR THE HOMELESS, EDERLY, & HANDICAPPED OR PERSONS OF LOW & MODERATE INCOME. 3 3 0 3 0 0 0 0 1620069 1715220 29958 30258 3208 10005 1653235 1755483 0 0 0 0 299173 284864 0 0 0 1235771 1348316 1534944 1633180 118291 122303 4420333 4440638 4538504 4436506 -118171 4132 THE PURPOSE OF THE FOUNDATION IS TO SPONSOR, ON A CHARITABLE BASIS,THE PURCHASE, DEVELOPMENT, CONSTRUCTION AND OPERATION OF HOUSINGFACILITIES AND SERVICES FOR THE HOMELESS, ELDERLY AND HANDICAPPED ORFOR PERSONS OF LOW AND MODERATE INCOME. 0 0 1436351 1755483 THE PURPOSE OF THE FOUNDATION IS TO SPONSOR, ON A CHARITABLE BASIS,THE PURCHASE, DEVELOPMENT, CONSTRUCTION AND OPERATION OF HOUSINGFACILITIES AND SERVICES FOR THE HOMELESS, ELDERLY AND HANDICAPPED ORFOR PERSONS OF LOW AND MODERATE INCOME. 1436351 1 0 0 0 0 0 0 0 1 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 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IL X EAST LAKE 3128425500 MANAGEMENT 2850 S MICHIGAN CHICAGO IL 60616 X CLIFFORD ROME SECRETARY 0.10 0.60 X X 0 0 0 MARSHALL SNOW PRESIDENT AND TREASURER 0.10 0.60 X X 0 0 0 MANDENE MUHAMMAD DIRECTOR 0.10 0.60 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL REVENUE 531110 1715220 1715220 1715220 30258 30258 LAUNDRY REVENUE 531110 7973 7973 OTHER INCOME 531110 2032 2032 10005 1755483 1725225 0 30258 X 192559 192559 71577 71577 20728 20728 97236 97236 15619 15619 83974 83974 264136 264136 102542 102542 102214 102214 132833 132833 SECURITY 217256 217256 REPAIRS & MAINTENANCE 206975 206975 SCAVENGER 45952 45952 MISCELLANEOUS EXPENSE 22268 22268 57311 57311 1633180 1436351 196829 0 185408 204491 13124 10688 49206 48957 7793371 6003872 1785213 1789499 155205 148529 2232177 2238474 4420333 4440638 64305 85343 36255 37562 4276580 4139476 161364 174125 4538504 4436506 X 0 0 0 0 -118171 4132 -118171 4132 4420333 4440638 122303 0 X 0 1 X 0 1 1 X 1454725 1497005 1485822 1620069 1715220 7772841 1454725 1497005 1485822 1620069 1715220 7772841 7772841 3330 3747 22428 29958 30258 89721 7862562 0.98860 0.98840 X SCHEDULE A, PART II - OTHER INCOME YEARS 2020, 2021, 2022, 2023, 2024 RESPECTIVELY LAUNDRY REVENUE: 6,788 - 6,257 - 4,687 - 3,208 - 7,973 MISCELLANEOUS: 0 - 0 - 355 - 0 - 2,032 0 0 277500 277500 7515871 6003872 1511999 1789499 SECURITY DEPOSITS 63338 MORTGAGE ESCROWS 139995 REPLACEMENT RESERVES 1719639 RESIDUAL RECEIPTS RESERVE 215502 DUE FROM AFFILIATES 100000 2238474 ACCRUED WAGES 4085 PREPAID RENT 26301 ACCRUED INTEREST 8417 ACCRUED REAL ESTATE TAXES 134814 MISCELLANEOUS LIABILITIES 508 174125 X 1755483 0 1755483 0 1755483 1632869 0 1632869 311 311 1633180 PART X, LINE 2: THE OWNER OF THE COMPANY (CHAPTER III OF THE AFFORDABLE HOUSING PRESERVATION FOUNDATION "CHAPTER III") AS ALLOWED UNDER CURRENT STATE OF ILLINOIS STATUTES HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2025. CHAPTER III IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY CHAPTER III AND HAS CONCLUDED THAT, AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND CHAPTER III HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2022 REMAIN OPEN. PART XII, LINE 4B - OTHER ADJUSTMENTS: FILING AND PROFESSIONAL FEES NOT INCLUDED IN FINANCIAL STATEMENT FORM 990 SCHEDULE D PARTS XI AND XII THE ABOVE INFORMATION FROM THE AUDITED FINANCIAL STATEMENT OF MEDS APARTMENTS FOR THE YEAR ENDED JUNE 30, 2025, WHICH IS 100% OWNED BY CHAPTER III OF THE AFFORDABLE HOUSING PRESERVATION FOUNDATION. FORM 990, PART VI, SECTION A, LINE 3 EAST LAKE MANAGEMENT AND DEVELOPMENT MANAGES THE OPERATIONS OF THE ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION REVIEWS THE INFORMATION CONTAINED IN THE 990 AND INQUIRES OF THE PREPARER IF THEY HAVE ANY QUESTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AND 1023 AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E MORTGAGE INSURANCE: PROGRAM SERVICE EXPENSES 18,910. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,910. BAD DEBTS: PROGRAM SERVICE EXPENSES 16,107. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,107. SNOW REMOVAL: PROGRAM SERVICE EXPENSES 15,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,400. AMORTIZATION: PROGRAM SERVICE EXPENSES 6,676. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,676. BROKERAGE EXPENSES: PROGRAM SERVICE EXPENSES 218. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 218. AFFORDABLE HSG PRESERV FOUNDATION 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 742308721 LOW INC HSG IL 501(C)(3) LINE 7 AFFORDABLE HOUSING PRES FOUNDATION 0 OLD CHAPTER II OF THE AFFORDABLE HOUSING PRES FOUNDATION 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 841173585 LOW INC HSG IL 501(C)(3) LINE 7 AFFORDABLE HOUSING PRES FOUNDATION 0 AFFORDABLE HOUSING PRES FOUND 51ST ST Y 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 202209605 LOW INC HSG IL 501(C)(3) LINE 7 AFFORDABLE HOUSING PRES FOUNDATION 0 AFFORDABLEWEST END FOUNDATION 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 900639314 INACTIVE IL 501(C)(3) LINE 7 AFFORDABLE HOUSING PRES FOUNDATION 0 AFFORD HSG PRESRV FOUND CHAP II AHPF 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 202209553 INACTIVE IL 501(C)(3) LINE 7 AFFORDABLE HOUSING PRES FOUNDATION 0 AFFORDABLE HSG PRESERV CHAPTER V 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 880566250 LOW INC HSG IL 501(C)(3) LINE 7 AFFORDABLE HOUSING PRES FOUNDATION 0 UNITED-GERMANO MILGATE LP 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 363591710 LOW INC HOUSING IL N/A 0 0 WINNICONNA PARK ASSOCIATES 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 363573431 LOW INC HOUSING IL N/A 0 0 AHFP 51ST STREET Y LP 2850 SOUTH MICHIGAN AVENUE CHICAGO IL 60616 203964292 LOW INC HOUSING IL N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0