Restoration America Inc is located in Crystal Lake, IL. The organization was established in 1984. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Restoration America Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoration America Inc 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, Restoration America Inc generated $515.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $393.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESTORE AND RENEW FAMILIES BACK TO COMMUNITIES BY SERVING AS A CONDUIT OF HOUSING ASSISTANCE RESOURCES AS WELL AS EDUCATION AND PERMANENT HOUSING SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST FAMILIES AND COMMUNITIES WITH REVITALIZATION OF ABANDONED PROPERTIES, STABILIZE NEIGHBORHOODS AND ASSIST VETERANS, SENIORS AND LOW INCOME FAMILIIES TO FIND PERMANENT HOUSING SOLUTIONS
HOUSING ADMINISTRATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anna Hill Vice Preside | Trustee | $0 | |
Jessica Hotaling Secretary | Trustee | $0 | |
Joseph Lynam President | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $499,975 |
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 | $499,975 |
Total Program Service Revenue | $15,462 |
Investment income | $15 |
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 | $515,452 |
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 | $217,024 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $19,313 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,860 |
Fees for services: Accounting | $11,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,645 |
Advertising and promotion | $27,690 |
Office expenses | $8,926 |
Information technology | $25,505 |
Royalties | $0 |
Occupancy | $33,028 |
Travel | $204 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $200 |
Interest | $236 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,598 |
All other expenses | $1,632 |
Total functional expenses | $393,128 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $845,737 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $316,609 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,162,346 |
Accounts payable and accrued expenses | $3,889 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,889 |
Net assets without donor restrictions | $860,003 |
Net assets with donor restrictions | $298,454 |
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 | $1,162,346 |
Over the last fiscal year, we have identified 2 grants that Restoration America Inc has recieved totaling $58,709.
Awarding Organization | Amount |
---|---|
Housing Action Illinois Chicago, IL PURPOSE: Pass through grant for HUD Comprehensive Housing Counseling Program. | $58,704 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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