Housing Opportunities & Maintenance For The Elderly Inc
- Assets
- $6.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Chicago, IL
- Founding
- 05/1982
- Data as of
- 09/2021
- EIN
- 36-3172591
Organization Overview
Housing Opportunities & Maintenance For The Elderly Inc is located in Chicago, IL. The organization was established in 1982. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Housing Opportunities & Maintenance For The Elderly Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Opportunities & Maintenance For The Elderly 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 09/2021, Housing Opportunities & Maintenance For The Elderly Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.4m during the year ending 09/2021. 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
H.O.M.E. HELPS CHICAGO'S LOW-INCOME OLDER ADULTS TO LIVE INDEPENDENT AND SOCIALLY ENGAGED LIVES BY PROVIDING INTERGENERATIONAL HOUSING, HOME REPAIR SERVICES, A SHOPPING BUS, MOVING ASSISTANCE, AND CARING VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERGENERATIONAL HOUSING: H.O.M.E. OWNS AND MANAGES 78 APARTMENTS IN THREE AFFORDABLE INTERGENERATIONAL BUILDINGS WHERE SENIORS CHOOSE BETWEEN PRIVATE APARTMENTS OR, FOR THOSE WHO DESIRE MORE SUPPORT AND A FAMILY-LIKE SETTING, COMMUNAL LIVING RESIDENCES WITH PRIVATE ROOMS. ALL SENIORS HAVE ACCESS TO SOCIAL SERVICES AND ENGAGEMENT OPPORTUNITIES, WITH FAMILIES WITH CHILDREN AND YOUNG ADULTS LIVING ALONGSIDE OLDER ADULTS. H.O.M.E.'S OVERALL GOAL WITH ITS INTERGENERATIONAL HOUSING IS TO OWN AND MANAGE HOUSING FOR SENIORS WITH LOW INCOMES IN CHICAGO IN AN INCLUSIVE SETTING THAT CENTERS CONNECTION AND INTERGENERATIONAL COMMUNITY-BUILDING. H.O.M.E. PAUSED ALL MOVES INTO ITS BUILDINGS LAST YEAR DUE TO THE PANDEMIC. THE FISCAL YEAR ENDED WITH NINE VACANCIES OUT OF 78 TOTAL UNITS, WITH 88% OCCUPANCY.
UPKEEP AND REPAIR PROGRAM: H.O.M.E.'S THREE FULL-TIME HOME REPAIR SPECIALISTS ENSURE THAT SENIOR HOMEOWNERS LIVE IN HEALTHY AND SAFE CONDITIONS BY CONDUCTING ELECTRICAL, PLUMBING, AND CARPENTRY REPAIRS IN HISTORICALLY DISINVESTED NEIGHBORHOODS IN CHICAGO. THESE COMMUNITIES ON THE SOUTH AND WEST SIDES HAVE SUFFERED FROM NEGLECT OF HOUSING STOCK AND UTILITIES BY THE CITY, AND OFTEN REQUIRE MULTIPLE INTENSIVE REPAIRS. SENIOR HOMEOWNERS PAY A $25 SERVICE FEE, SIGNIFICANTLY LOWER THAN OTHER SERVICE PROVIDERS, AND THE REPAIRS ALLOW SENIORS AGE SAFELY IN THEIR OWN HOMES. HOME REPAIR SPECIALISTS COMPLETED 339 REPAIRS IN 53 HOMES, OR ABOUT HALF THE GOAL FOR THE YEAR. THIS IS DUE TO THE PROGRAM'S SUSPENSION FOR SEVERAL MONTHS DURING A CITYWIDE COVID-19 SHUTDOWN.
SHOPPING BUS: H.O.M.E.'S SHOPPING BUS PROGRAM FACILITATES TRANSPORTATION TO GROCERY STORES AND OFFERS SENIORS ASSISTANCE WITH UNLOADING SHOPPING ITEMS. H.O.M.E. PARTNERS WITH SENIOR HOUSING BUILDINGS ACROSS CHICAGO TO PROVIDE ROUNDTRIP SERVICES FOR SENIORS WITHOUT REGULAR, RELIABLE ACCESS TO FOOD AND ESSENTIAL SUPPLIES. THE BUS TRIP IS ALSO A SOCIAL EVENT. H.O.M.E. PROVIDED SHOPPING TRIPS TO 1,544 PEOPLE IN 24 BUILDINGS, A LITTLE OVER HALF THE TARGET THIS IS DUE TO THE PROGRAM'S SUSPENSION FOR SEVERAL MONTHS DURING A CITYWIDE COVID-19 SHUTDOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Schechter Executive Director | Officer | 40 | $92,234 |
Celeste King President | OfficerTrustee | 1 | $0 |
Katie Philpott Vice President | OfficerTrustee | 1 | $0 |
Cindy Moy Secretary | OfficerTrustee | 1 | $0 |
George Yedinak Treasurer | OfficerTrustee | 1 | $0 |
Brad Winick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,434 |
| Related organizations | $0 |
| Government grants | $270,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,470,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,790,652 |
| Total Program Service Revenue | $741,632 |
| Investment income | $33,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,468 |
| Net Income from Fundraising Events | -$3,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,600,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,348 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,527 |
| Compensation of current officers, directors, key employees. | $26,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,449,386 |
| Pension plan accruals and contributions | $13,533 |
| Other employee benefits | $31,431 |
| Payroll taxes | $36,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $113,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,410 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,143 |
| Advertising and promotion | $6,300 |
| Office expenses | $65,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,735 |
| Travel | $46,278 |
| 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 | $239,907 |
| Insurance | $65,896 |
| All other expenses | $4,019 |
| Total functional expenses | $2,357,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,771 |
| Savings and temporary cash investments | $57,198 |
| Pledges and grants receivable | $205,000 |
| Accounts receivable, net | $44,212 |
| 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 | $21,479 |
| Net Land, buildings, and equipment | $3,540,106 |
| Investments—publicly traded securities | $2,944,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,196 |
| Total assets | $6,919,877 |
| Accounts payable and accrued expenses | $145,565 |
| 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 | $2,725,791 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $210,900 |
| Total liabilities | $3,082,256 |
| Net assets without donor restrictions | $3,582,043 |
| Net assets with donor restrictions | $255,578 |
| 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 | $6,919,877 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Housing Opportunities & Maintenance For The Elderly Inc has recieved totaling $122,027.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $25,534 |
Co Tua R & J Kott Memorial Char Oak Park, IL PURPOSE: SUPPORT | $20,000 |
Circle Of Service Foundation Chicago, IL PURPOSE: COMMUNITY SERVICES | $20,000 |
The John R Houlsby Foundation Westmont, IL PURPOSE: GRANT - FOOD PANTRY | $10,000 |
Butler Family Foundation Lake Forest, IL PURPOSE: GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION | $10,000 |
North Shore Exchange Nfp Glencoe, IL PURPOSE: SEE SCHEDULE O | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Peace Village Palos Park, IL | $24,451,475 | $12,276,916 |
Retirement Research Foundation Chicago, IL | $0 | $4,600,406 |