Lydia Home Association
- Assets
- $7.7m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 258
- Location
- Chicago, IL
- Founding
- 08/1942
- Data as of
- 06/2023
- EIN
- 36-1412810
Organization Overview
Lydia Home Association is located in Chicago, IL. The organization was established in 1942. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2023, Lydia Home Association employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lydia Home Association 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 06/2023, Lydia Home Association generated $19.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $17.7m during the year ending 06/2023. While expenses have increased by 7.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING FAMILIES TO CARE FOR CHILDREN AND CARING FOR CHILDREN WHEN FAMILIES CANNOT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL CHILD CARE - LYDIA'S RESIDENTIAL TREATMENT PROGRAM PROVIDES A STRUCTURED, THERAPEUTIC ENVIRONMENT FOR 40 CHILDREN AND ADOLESCENTS WITH SERIOUS BEHAVIORAL ISSUES, MANY OF WHOM HAVE BEEN TRAUMATIZED BY ABUSE OR NEGLECT. THE AIM OF THE PROGRAM IS TO PROVIDE HEALING AND TO TEACH CHILDREN THE PRACTICAL LIFE SKILLS THEY NEED TO LIVE IN A HOME SETTING SUCCESSFULLY.
INTACT FAMILY SERVICES - LYDIA'S INTACT FAMILY SERVICES PROGRAM WORKS TO ENSURE THE SAFETY AND WELL-BEING OF CHILDREN, WITHOUT THE NEED FOR REMOVAL AND OUT-OF-HOME PLACEMENT, BY PROVIDING FAMILIES WITH NEEDED IN-HOME SERVICES, INCLUDING THOSE FOR CASE MANAGEMENT; COUNSELING; SUBSTANCE ABUSE; PHYSICAL, MENTAL, AND BEHAVIORAL HEATH; AND PARENT TRAINING.
FOSTER CARE - LYDIA'S FOSTER CARE PROGRAM TEMPORARILY PLACES CHILDREN OUTSIDE OF THEIR HOMES DUE TO ABUSE, NEGLECT, OR OTHER FAMILY PROBLEMS. THE GOAL OF THE PROGRAM IS TO PROTECT THE CHILDREN WITH THE ULTIMATE GOAL OF RETURNING THE CHILD HOME. WHEN THAT IS NOT POSSIBLE, MEASURES ARE TAKEN TO GET THE CHILDREN ADOPTED, OR PREPARED FOR INDEPENDENT LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Habib Chairman | OfficerTrustee | 1 | $0 |
Lawrence Boysen Treasurer | OfficerTrustee | 1 | $0 |
Dorothy Chao Secretary | OfficerTrustee | 1 | $0 |
Monica Friel Director | Trustee | 1 | $0 |
Nathan Medina Director | Trustee | 1 | $0 |
Rick Thompson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,571,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,571,085 |
| Total Program Service Revenue | $17,761,863 |
| Investment income | $35,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $289,188 |
| Net Gain/Loss on Asset Sales | $5,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,662,797 |
| 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. | $222,705 |
| Compensation of current officers, directors, key employees. | $207,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,494,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,405,918 |
| Payroll taxes | $779,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,487 |
| Fees for services: Accounting | $41,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,910 |
| Fees for services: Other | $636,380 |
| Advertising and promotion | $0 |
| Office expenses | $309,842 |
| Information technology | $43,698 |
| Royalties | $0 |
| Occupancy | $1,524,105 |
| Travel | $332,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,171 |
| Insurance | $145,730 |
| All other expenses | $540,889 |
| Total functional expenses | $17,695,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,260,425 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,929,071 |
| 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 | $532,417 |
| Net Land, buildings, and equipment | $1,234,128 |
| Investments—publicly traded securities | $1,015,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $769,071 |
| Total assets | $7,740,513 |
| Accounts payable and accrued expenses | $1,934,200 |
| Grants payable | $0 |
| Deferred revenue | $396,725 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,330,925 |
| Net assets without donor restrictions | $4,270,458 |
| Net assets with donor restrictions | $1,139,130 |
| 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 | $7,740,513 |