2017-12-14T13:30:57-06:00 2017-06-30 221478099 COHNREZNICK LLP 525 NORTH TRYON STREET CHARLOTTE NC 28202 990 2016-07-01 364062755 18th & Wabash Corp 18TH 3124210588 1801 S WABASH CHICAGO IL 60616 Douglas B Ross president 3124210588 2017-12-14 1 Kathy Blackburn CPA P00450629 7043329100 209.3.217.20 2017-12-14 13:30:55 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B394BD9E3D40646E6C696A8660A3F0FF3B4BB0D5 2016 2017-02-10 21:41:12Z douglas b ross 1801 S WABASH CHICAGO IL 60616 759640 0 X N/A X 1995 IL TO PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME INDIVIDUALS. 3 3 0 7 0 0 0 0 854194 759342 91 298 0 0 854285 759640 0 0 0 0 0 0 0 0 0 1264231 1353065 1264231 1353065 -409946 -593425 5231622 4882441 13907643 14151887 -8676021 -9269446 18TH & WABASH CORP. WAS FORMED TO CONSTRUCT AND OPERATE A 170 ROOM SINGLE RESIDENCY OCCUPANCY (SRO). THE CORPORATION'S PRIMARY PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME INDIVIDUALS. 0 0 1176643 759342 OPERATION OF A 170 ROOM SINGLE RESIDENCY OCCUPANCY (SRO) 1176643 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 IL X Douglas B Ross 3124210588 1801 S WABASH chicago IL 60616 X MONIQUE PATTERSON SECRETARY 2.00 0.00 X X 0 0 0 DOUGLAS ROSS president 2.00 0.00 X X 0 0 0 JACKIE PINGEL TREASURER 2.00 0.00 X X 0 0 0 0 0 0 0 0 0 0 Allied universal security services 1107 MANNHEIM ROAD SUITE 201 WESTCHESTER IL 60154 security 136965 1 TENANT RENT REVENUE 531110 606492 606492 RESIDENT ASSISTANCE PA 531110 107065 107065 AUXILLARY SERVICES 531110 35755 35755 TENANT CHARGES 531110 10030 10030 759342 298 298 759640 759342 0 298 44962 44962 10320 10320 18020 18020 20228 20228 190254 190254 307008 307008 53822 53822 LEASED EMPLOYEE COSTS 213757 187879 25878 UTILITIES 162339 162339 SECURITY SERVICES 136965 136965 REPAIRS & MAINTENANCE 62001 62001 133389 76375 57014 1353065 1176643 176422 0 58280 25670 33975 7758 14590 4398 10439487 5747751 4767240 4691736 7268 0 350269 152879 5231622 4882441 258653 112675 10189100 10396988 3459890 3642224 13907643 14151887 X -8676021 -9269446 -8676021 -9269446 5231622 4882441 -593425 0 X 0 1 X 1 1 1 X 742149 763771 828486 854194 759342 3947942 742149 763771 828486 854194 759342 3947942 0 0 0 3947942 126 89 67 91 298 671 126 89 67 91 298 671 93344 44278 42488 180110 835619 808138 871041 854285 759640 4128723 0.95620 0.94120 0.00020 0.00010 X 987527 987527 9294287 5612795 3681492 55477 55477 0 102196 79479 22717 4691736 TENANT SECURITY DEPOSITS 30488 ACCRUED PROPERTY TAXES 53812 PREPAID RENT 8360 ACCRUED LEASED EMPLOYEE COSTS 3040 ACCRUED MANAGEMENT FEES 11534 ACCRUED INTEREST 3506112 Accounts payable 28878 3642224 X 759640 0 759640 0 759640 1353065 0 1353065 0 1353065 Part X, Line 2: The Corporation has elected tax exempt status under Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended June 30, 2017. Due to its tax exempt status, the Corporation is not subject to income taxes. The Corporation is required to file, and does file, tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes, and the Corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since the year ended June 30, 2014 remain open. Form 990, Part VI, Section A, line 3 The organization delegates control over management duties customarily performed by or under the direct supervision of officers, directors, or trustees, or key employees to a management company or other person. Form 990, Part VI, Section A, line 8b The officers as the governing body make the decisions for the corporation. Form 990, Part VI, Section B, line 11b FORM 990 IS SUBMITTED TO ALL BOARD MEMBERS PRIOR TO SUBMISSION, ALONG WITH REQUEST FOR COMMENTS. COMMENTS AND QUESTIONS ARE ADDRESSED PRIOR TO THE FORM 990 BEING FILED. Form 990, Part VI, Section C, line 19 ILLINOIS CHARITABLE ORGANIZATION ANNUAL REPORTS CAN BE OBTAINED THROUGH THE ILLINOIS ATTORNEY GENERAL'S WEBSITE (WWW.ILLINOISATTORNEYGENERAL.GOV/CHARITIES/SEARCH/INDEX.ISP). FEDERAL FORM 990, THE ILLINOIS ANNUAL REPORT AND ALL OTHER INFORMATION CAN BE REQUESTED BY WRITING TO THE ORGANIZATION. Sch A, part I This entity initially qualified for tax exempt status under IRC Sections 509(a)(1) and 170(b)(1)(a)(vi). But the activities of the entity, primarily receiving rent payments and operating as a low income housing rental unit, now qualify the entity under 509(a)(2). Box 10 will be appropriately checked, rather than box 7.