Housing Opportunities Mean
- Assets
- $4.0m
- Revenue
- $775.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 06/1997
- Data as of
- 12/2019
- EIN
- 31-1516261
Organization Overview
Housing Opportunities Mean is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2019, Housing Opportunities Mean employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Opportunities Mean 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 12/2019, Housing Opportunities Mean generated $775.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $951.7k during the year ending 12/2019. While expenses have increased by 3.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM PROVIDES SERVICES TO SENIORS INCLUDING 59 UNITS OF HOUSING, SPECIAL ACTIVITIES AND REFERALS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald J Dew President | OfficerTrustee | 10 | $0 |
Joyce K Wade Treasurer - Director | OfficerTrustee | 10 | $0 |
Morris Allen Jr Director | Trustee | 1 | $0 |
Karen D Barbee-Dixon Director | Trustee | 1 | $0 |
Ken Southward Director | Trustee | 1 | $0 |
Michelle Williams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $539,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,100 |
| Total Program Service Revenue | $233,152 |
| Investment income | $295 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $775,505 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,783 |
| Payroll taxes | $14,403 |
| Fees for services: Management | $52,560 |
| Fees for services: Legal | $683 |
| Fees for services: Accounting | $29,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $0 |
| Office expenses | $21,688 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,627 |
| Insurance | $35,073 |
| All other expenses | $15,379 |
| Total functional expenses | $951,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,073 |
| 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 | $37,568 |
| Net Land, buildings, and equipment | $3,606,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343,452 |
| Total assets | $3,991,928 |
| Accounts payable and accrued expenses | $167,314 |
| 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 | $6,354,726 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,362 |
| Total liabilities | $6,540,402 |
| Net assets without donor restrictions | -$2,548,474 |
| 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 | $3,991,928 |
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