Hope Fair Housing Center
- Assets
- $1.6m
- Revenue
- $602.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Wheaton, IL
- Founding
- 01/1970
- Data as of
- 12/2021
- EIN
- 23-7036081
Organization Overview
Hope Fair Housing Center is located in Wheaton, IL. The organization was established in 1970. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Hope Fair Housing Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Fair Housing Center 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 12/2021, Hope Fair Housing Center generated $602.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $588.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HOUSING DISCRIMINATION TESTING FOR INDIVIDUALS, CORPORATIONS AND LOCAL GOVERNMENTS, OR ON BEHALF OF THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Describe the Organization's Program Activity:
HOPE FAIR HOUSING CENTER, INC. PROVIDES PROFESSIONAL AND CONFIDENTIAL CONSULTING, TRAINING, AND COMPLIANCE SERVICES TO RENTAL HOUSING PROVIDERS, REAL ESTATE COMPANIES, MORTGAGE LENDERS, HOMEOWNERS' INSURANCE COMPANIES, MUNICIPALITIES AND GOVERNMENTAL AGENCIES. HOPE SERVES DUPAGE, KANE AND PORTIONS OF COOK COUNTY AS WELL AS 28 OTHER COUNTIES IN NORTHERN AND NORTH CENTRAL ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Buckley President (3/11/22-12/31/22) | OfficerTrustee | 1 | $0 |
Alton Mitchell Former President (1/1/22-3/10/22) | OfficerTrustee | 1 | $0 |
Florentina Rendon Vice President | OfficerTrustee | 1 | $0 |
Patricia Mathis Secretary | OfficerTrustee | 1 | $0 |
Pamela Terrell Director | Trustee | 1 | $0 |
Maria Padilla Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $594,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $613,398 |
| Total Program Service Revenue | $9,000 |
| Investment income | $5,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$25,526 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $602,060 |
| 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. | $95,003 |
| Compensation of current officers, directors, key employees. | $12,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,757 |
| Pension plan accruals and contributions | $7,904 |
| Other employee benefits | $34,073 |
| Payroll taxes | $34,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,008 |
| Fees for services: Accounting | $12,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,840 |
| Advertising and promotion | $0 |
| Office expenses | $18,550 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,987 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,832 |
| Insurance | $5,871 |
| All other expenses | $2,564 |
| Total functional expenses | $588,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,413 |
| Savings and temporary cash investments | $191,338 |
| Pledges and grants receivable | $116,004 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $478,419 |
| Investments—publicly traded securities | $717,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,578,655 |
| Accounts payable and accrued expenses | $31,680 |
| 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 | $231,202 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,905 |
| Total liabilities | $288,787 |
| Net assets without donor restrictions | $1,289,868 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,578,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Fair Housing Center Wheaton, IL | $1,578,655 | $602,060 |
Rogers Park Community Development Corporation Chicago, IL | $864,738 | $504,262 |
Acts Lending Inc Milwaukee, WI | $7,584,619 | $584,182 |
Trinity Housing Resources Inc West Allis, WI | $4,887,897 | $485,735 |
Housing Information Center Of Kansas City Kansas City, MO | $4,500 | $149,979 |
Madison Residential Services Inc Goshen, IN | $401,451 | $138,949 |