NEAR Financial NEAR-Financial
2010 Cash Balance Reconciliation
Cash balance beginning of year                                           $2,178.10
         Dues were suspended in 2009 so that
         all "residents" would be considered         
         "members" of NEAR

          Income
                   Donation from Transformer- 3
                          (for Community Inconvenience)     1,000.00

         Expenses 
               IRS 501(c)(3)
                  Training Program        35.00 
                  Application Fee         400.00            
               Illinois Registration       10.00
               Fieldhouse Rental         none
                
          Total Expenses                                           445.00
Excess of  revenue over expenses                                          555.00

Cash balance  (as of 12-31-2010)                                        $2,733.10

          Note: No NEAR funds are ever used for the community website
              www.neweastside.org.  This is an IRS (501(c)(3) requirement because
              of the Electronic Bulletin Board community service feature.                        
N.E.A.R. Financial Reports
Our 2008 "Cash Balance Reconciliation" is publlished below and the end of year balance was $2319.13  (reported by Richard Thennes , NEAR Treasurer).  During 2009, the NEAR Board suspended the collection of dues because we wanted all residents of our New Eastside community to be equal "members".  When we have a need for money, we will clearly explain the specific needs, and ask you to use the PalPal, credit card, or check processes on the right. 

Please note that the main expenses are paper and postage for mailings to persons that have attended meetings and/or paid the annual dues to help support our neighborhood organization. One of the largest expenses have been the refreshments for the meetings.  None of the neighborhood buildings that have hosted our general meetings have charged for the use of their meeting facilities. We thank them for their many years of loyal cooperation since our incorporation on March 1, 1991:

400 E. Randolph (Outer Drive East)
360 E. Randolph (Buckingham)
195 Harbor Drive (Park Shore)
175 Harbor Drive (Park Tower)
400 E. South Water (Shoreham) (2006 NEAR community meeting)
222 Columbus (Park Millennium) (2007 NEAR community meeting)
201 N. Westshore (Lancaster) (volunteered in 2006 for smaller meeting)
340 E. Randolph (CCM community meeting in 2007)
Millennium Park Plaza (Doral) (CCM community meeting in 2007)

As newer buildings are added to our New Eastside Community (East of Michigan to Lake Michigan, and North of Randolph to the Chicago River), we plan to hold our meetings at these new locations. We recognize that many of the owners and residents in the newer buildings were already living in our community. However, we especially want the new residents from the new Lakeshore East buildings, such as  Regatta,  Chandler, Aqua, and Tides  to feel welcome in their established New Eastside Community. 

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This page was last updated: October 22, 2011
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The NEAR PayPal account will be credited for $9.41  ("Email Only OK" for notices will be assumed)                                                             Thank You.

                       OR

Send a voluntary check to "NEAR" for $10.00 directly to:
Richard Thennes, NEAR Treasurer
360 E. Randolph #1103
Chicago, IL 60601
Please do not send cash, and indicate on your check "Email Only OK" for meeting notices and other alerts.
                                           Thank You.
These 4 original buildings have hosted numerous community meetings over 19 years.  We all thank you ! ! !
      2007  NEW EASTSIDE ASSOCIATION OF RESIDENTS
                               Cash Balance Reconciliation

For the Year Ended 12/31/07
Cash balance, beginning of year                   $1,253.49
     Dues Receipts                 $1,369.13
     Expense
           Labels               40.94
           Postage                 522.00                       
           Meeting             74.65             
           Refreshments       235.94
           Service Awards     126.49
     Total Expenses             1,000.02
Excess of revenue over expenses                            369.11
Cash balance, end of year                $1,622.60

For the year ended 12/31/07, there were 120 paid memberships.
2008 Cash Balance Reconciliation

Cash balance beginning of year                                           $1,622.60
      Addl.Dues Receipts received in 2008     1068.60
              (2007 dues counted for 2008)  
      Expenses
            Postage                    286.68
            Mailing Labels           26.44
            Misc. Meeting             58.95
      Total Expenses                                              372.07
Excess of revenue over expenses                                            696.53
Cash balance end of year                                                       $2,319.13

For the year ended 12-31-08, there were 173 paid memberships.                                                  
         

2009 Cash Balance Reconciliation
Cash balance beginning of year                                            $2319.13
         Dues were suspended in 2009 so that
         all "residents" would be considered         
         "members" of NEAR

         Expenses 
                  Postage                      64.68
                  Illinois Regis.            10.00 
                 Yellow Paper             36.35
                  Fieldhouse Rental   30.00
          Total Expenses                                           141.03
Excess of expenses over revenue                                           (141.03)

Cash balance  (as of 12-31-2009)                                          $2,178.10                                    
Federal IRS 501(c)(3) Designation Letter and Addendum dated October 7, 2011 (effective July 15, 2011) approving New Eastside Association of Residents (NEAR) qualified to receive tax-deductible donations.