Marquette Bank Affordable Housing Foundation
- Assets
- $1.4m
- Revenue
- $100.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 26-1566453
Organization Overview
Marquette Bank Affordable Housing Foundation is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marquette Bank Affordable Housing Foundation 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, Marquette Bank Affordable Housing Foundation generated $100.6k 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 (10.0%) each year. All expenses for the organization totaled $307.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marquette Bank Affordable Housing Foundation has awarded 417 individual grants totaling $1,280,067. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick J Hunt Treasurer | 1 | $0 | |
Betty Harn President | 1 | $0 | |
Manuel Jimenez Vice President & Assistant | 1 | $0 | |
Christie Cox Secretary | 1 | $0 | |
Patricia Robertson Assistant Treasurer | 1 | $0 | |
Thomas Burgin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $39,389 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,617 |
| Capital Gain Net Income | $54,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $50,174 |
| Contributions, gifts, grants paid | $256,900 |
| Total expenses and disbursements | $307,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,779 |
| Savings and temporary cash investments | $252,008 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,432,844 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Marquette Bank Affordable Housing Foundation has awarded $267,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
New Lenox, IL PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Hometown, IL PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Services Inc Madison, WI | $8,275,764 | $17,473,845 |
Neighborhood Lending Services Inc Chicago, IL | $30,819,021 | $4,912,824 |
Bickerdike Redevelopment Corporation Chicago, IL | $86,161,772 | $4,493,644 |
Project Home Inc Madison, WI | $5,333,055 | $4,173,429 |
Wisconsin Native Loan Fund Inc Lac Du Flambeau, WI | $5,661,202 | $1,436,627 |
Hope Of Evansville Inc Evansville, IN | $1,278,111 | $550,592 |
Energy Assistance Foundation Decatur, IL | $2,534,598 | $752,015 |
United Neighborhoods Inc Hammond, IN | $1,715,145 | $339,107 |
East Central Iowa Housing Trust Fund Cedar Rapids, IA | $351,251 | $389,643 |
Two Rivers Council Foundation Quincy, IL | $455,052 | $383,235 |
Marquette Bank Affordable Housing Foundation Chicago, IL | $1,432,844 | $100,609 |
Chariton Valley Regional Housing Trust Fund Inc Centerville, IA | $1,328,374 | $578,135 |