Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 8,408 | 664 | 9,072 | |||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 8,408 | 664 | 9,072 | |||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 0 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 9,072 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 8,408 | 664 | 9,072 | |||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 0 | |||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | |||||
| 11 | Total support. Add lines 7 through 10 | 9,072 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| Part I: Additional Information | HOPE FOR SENIORS FOUNDATION OWNS A .00245% PROFITS INTEREST IN COMMUNITY HOUSING PARTNERSHIP XIV LP, A PARTNERSHIP THAT DEVELOPED, OWNS AND OPERATES LOW INCOME SENIOR HOUSING IN CHICAGO, ILLINOIS AND PROVIDES OTHER SENIOR SERVICES. IN SOME CIRCUMSTANCES HOPE'S INTEREST IN CHP XIV LP CAN BE A GREATER SHARE. INTEREST IS SUBJECT TO SUBSTANTIAL LOW INCOME HOUSING AND CHARITABLE USE RESTRICTIONS. PROJECT OPERATING SUCCESSFULLY AS LOW INCOME HOUSING PROJECT AT 5/31/17. |
| Software ID: | 19009920 |
| Software Version: | 2019v5.0 |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Client Note 1 | Client Note 1 - NOTE TO FORM 990 CHANGES IN NET ASSETS OR FUND BALANCESLAND VALUED AT $1,125,000 AND CASH VALUED AT $484,500 WAS CONTRIBUTED TO THE CAPITAL OF COMMUNITY HOUSING PARTNERS XIV LIMITED PARTNERSHIP, A LOW INCOME SENIOR HOUSING PROJECT IN CHICAGO, ILLINOIS DURING 2013. THE LAND AND CASH WAS CONTRIBUTED TO THE LIMITED PARTNERSHIP TO ASSIST IN THE CONSTRUCTION OF A 56 UNIT, 100% LOW INCOME SENIOR HOUSING PROJECT VALUED AT OVER $14,000,000 IN CHICAGO. THE USE OF THE LAND AND CASH CONTRIBUTED TO CHP XIV LP IS SUBSTANTIALLY RESTRICTED TO LONG TERM CONTINUED USE IN PROVIDING LOW INCOME SENIOR HOUSING IN CHICAGO FOR THE FORSEEABLE FUTURE. HOPE FOR SENIORS FOUNDATION HAS CERTAIN OPTIONS AND CONTROL REGARDING THE OPERATION OF THE PROJECT AND PARTNERSHIP. PROJECT IS PRESENTLY OPERATING SUCCESSFULLY AS A LOW INCOME HOUSING PROJECT. |
| Client Note 2 | Client Note 2 - PROGRAM INVESTMENTS CONSIST OF A .00245% GENERAL PARTNERSHIP INTEREST IN COMMUNITY HOUSING PARTNERS XIV LIMITED PARTNERSHIP (CHP XIV LP), A LOW INCOME, TAX CREDIT, SENIOR HOUSING REAL ESTATE PARTNERSHIP. THE INTEREST WAS ACQUIRED BY HOPE FOR SENIORS FOUNDATION'S. CONTRIBUTION OF VACANT LAND WITH AN APPRAISED UNRESTRICED VALUE OF $1,125,000 AND $484,500 OF CASH TO THE CAPITAL OF CHP XIV LP AND SAID ASSETS WERE USED IN CONSTRUCTING CHP XIV'S LOW INCOME SENIOR HOUSING PROJECT. THE REAL PROPERTY CONTRIBUTED TO THE CAPITAL OF CHP XIV LP IS RESTRICTED AS TO ITS PERMISSIBLE USE IN PERPETUITY (TO PROVIDE LOW INCOME SENIOR HOUSING) AND THE CASH CONTRIBUTED HAS BEEN SPENT ON CONSTRUCTING THE BUILDING. THE VACANT LAND WAS ACQUIRED BY HOPE FOR SENIORS FOUNDATION BY A RESTRICTED GRANT OF REAL ESTATE OWNED BY THE CITY OF CHICAGO AND THE CHICAGO TRANSIT AUTHORITY AND THE CASH CONTRIBUTED BY HOPE FOR SENIORS FOUNDATION WAS ACQUIRED BY IT FROM THE STATE OF ILLINOIS TAX CREDIT SALE PROGRAM. THE INVESTMENT ALLOWED HOPE FOR SENIORS FOUNDATION TO ACQUIRE AN INTEREST IN CHP XIV LP THAT PROVIDED IT WITH A .00245% CURRENT PROFIT OR LOSS GENERAL PARTNERIP INTEREST IN THE LP. SAID INTEREST ALSO PROVIDES OTHER INCREASED ALLOCATIONS OF PROFITS (AND OTHER RIGHTS) TO HOPE FOR SENIORS FOUNDATION IN CERTAIN CIRCUMSTANCES. PROJECT IS PRESENTLY OPERATING SUCCESSFULLY AS A LOW INCOME HOUSING PROJECT. |
| Client Note 3 | Client Note 3 - ATTACHMENT TO SCHEDULE L BUSINESS TRANSACIONSDARUL AMAAN LAWRENCE KEDZIE INC. (DALK INC.) 46-4182198 IS A CORPORATION IN PART OWNED BY PERSONS RELATED TO SOME OF HOPE FOR SENIORS FOUNDATION'S DIRECTORS. DALK INC. HAS EARNED AND WILL BE PAID DEVELOPMENT AND MANAGEMENT FEES RELATED TO THE DEVELOPMENT AND OPERATION OF THE LOW INCOME PROJECT, DARUL AMAAN SENIOR HOUSING, OWNED BY COMMUNITY HOUSING PARTNERS XIV LP EIN 26-295836. FEES IN EXCESS OF $150,000 AT A MINIMUM WILL BE PAID OR BECOME PAYABLE OVER A PERIOD OF SEVERAL YEARS TO DALK INC. HOPE FOR SENIORS FOUNDATION HAS MADE A CAPITAL CONTRIBUTION VALUED AT $1,609,500 TO SAID LOW INCOME HOUSING PARTNERSHIP PAYING THE FEES TO DALK INC. ADDITIONAL SUBSTANTIAL INVESTED FUNDS HAVE BEEN OBTAINED FROM OTHER SOURCES TO PAY FOR THE ALMOST $15,000,000 PROJECT. HOPE'S CASH CONTRIBUTION TO CHP XIV LP'S CAPITAL WAS MADE FROM ILLINOIS AND CHICAGO GOVERNMENT GRANTS PROVIDED TO HOPE SPECIFICALY FOR THE PURPOSE OF DEVELOPING THIS LOW INCOME SENIOR HOUSING PROJECT. HOPE ALSO ANTICIPATES RECEIVING MANAGEMENT AND OTHER FEES RELATED TO THE OPERATION OF CHP XIV LP. SUCH FEES WOULD BE HELD SUBJECT TO HOPE'S CHARITABLE PURPOSE. THE PROJECT IS PRESENTLY OPERATING SUCCESSFULLY AS A LOW INCOME HOUSING PROJECT. |
| Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et | SOME TRUSTEES OF HOPE ARE RELATED TO OWNERSHIP OF DALK, INC. DALK INC IS AN INVESTOR AND CO-SPONSOR OF THE ASSOCIATED LOW INCOME HOUSING PROJECT (CHP XIV LP) ALSO IN PART CO-SPONSORED BY HOPE FOR SENIORS (WHICH IS ALSO AN INVESTOR). DALK INC OWNS APPROXIMATELY .00245% OF CHP XIV OWNING THE LOW INCOME HOUSING PROJECT DARUL AMAAN SENIOR HOUSING. DALK, INC. CO-ORIGINATED THE PROJECT AND IS AN S CORPORATION. DALK IS EXPECTED TO BE PAID FEES RELATED TO DEVELOPMENT AND OPERATION OF THE $14,000,000 PLUS LOW INCOME SENIOR HOUSING PROJECT. OVERALL FEE AMOUNTS APPROVED BY GOVERNMENT AUTHORITIES. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | DIRECTORS AND ATTORNEYS ASKED TO REVIEW. |
| Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection | HARD COPY OR EMAIL |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | HARD COPY OR EMAIL |
| Software ID: | 19009920 |
| Software Version: | 2019v5.0 |