Community Partners For Affordable Housing
- Assets
- $12.6m
- Revenue
- $969.0k
- Investments
- $1.2m
- Employees
- 4
- Location
- Libertyville, IL
- Founding
- 07/2003
- Data as of
- 12/2018
- EIN
- 06-1683983
Organization Overview
Community Partners For Affordable Housing is located in Libertyville, IL. The organization was established in 2003. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2018, Community Partners For Affordable Housing employed 4 individuals. Community Partners For Affordable Housing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Community Partners For Affordable Housing generated $969.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $786.1k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OPPORTUNITIES FOR LOW INCOME FAMILIES TO SECURE HOUSING IN HIGHLAND PARK AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND RENTAL OF AFFORDABLE HOUSING UNITS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Ulbrich Executive Director | Officer | 40 | $94,624 |
Lee Smith Vice President | OfficerTrustee | 3 | $0 |
Nathan Tross President | OfficerTrustee | 3 | $0 |
Beth Alberts Director | OfficerTrustee | 1 | $0 |
Jose Rodriguez Secretary | OfficerTrustee | 1 | $0 |
Denise Arnold Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $462,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,389 |
| Noncash contributions included in lines 1a–1f | $120,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $765,900 |
| Total Program Service Revenue | $198,854 |
| Investment income | $2,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,050 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $969,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,245 |
| Compensation of current officers, directors, key employees. | $47,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,663 |
| Fees for services: Management | $2,828 |
| Fees for services: Legal | $369 |
| Fees for services: Accounting | $19,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,394 |
| Advertising and promotion | $5,414 |
| Office expenses | $22,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,000 |
| Travel | $1,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $358 |
| Interest | $13,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,900 |
| Insurance | $13,930 |
| All other expenses | $23,983 |
| Total functional expenses | $786,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670,680 |
| Savings and temporary cash investments | $179,270 |
| Pledges and grants receivable | $647,565 |
| Accounts receivable, net | $17,258 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,764 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,631 |
| Net Land, buildings, and equipment | $8,588,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,210,963 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,251,042 |
| Total assets | $12,574,346 |
| Accounts payable and accrued expenses | $87,469 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,057,601 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,839 |
| Total liabilities | $1,283,909 |
| Unrestricted restricted net Assets | $10,602,872 |
| Temporarily restricted net Assets | $687,565 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $11,290,437 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Partners For Affordable Housing has recieved totaling $2,950.
| Awarding Organization | Amount |
|---|---|
Mr B Foundation 23-04683 Highland Park, IL PURPOSE: GENERAL/UNRESTRICTED | $1,800 |
Allen And Meline Pickus Foundation Highwood, IL PURPOSE: GENERAL AND UNRESTRICTED | $1,000 |
Northside Community Bank Charitable Foundation Gurnee, IL PURPOSE: PROVIDING AFFORDABLE SHELTER FOR PEOPLE IN NEED | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |