Housing Opportunities For Women Inc
- Assets
- $9.8m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 99
- Location
- Chicago, IL
- Founding
- 03/1984
- Data as of
- 12/2022
- EIN
- 36-3263818
Organization Overview
Housing Opportunities For Women Inc is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Housing Opportunities For Women Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Opportunities For Women 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 12/2022, Housing Opportunities For Women Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $10.6m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PREMANENT SOLUTIONSTO THE PROBLEMS OF HOMELESSNESS AND POVERTY FOR WOMEN AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOW PROVIDES PERMANENT SUPPORTIVE HOUSING TO 1,000 INDIVIDUALSANNUALLY. HOW CLIENTS ARE OFTEN DISABLED AND UNABLE TO WORK,CHRONICALLY HOMELESS AND HAVE MENTAL AND PHYSICAL HEALTH ISSUES THATNEED TO BE ADDRESSED. HEADQUARTERED IN THE ROGERS PARK NEIGHBORHOOD,HOW EMPLOYS THE HOUSING FIRST MODEL TO GET INDIVIDUALS AND FAMILIES APLACE TO CALL HOME. ONCE HOUSED WE WORK TO REINTEGRATE CLIENTS INTOTHE NEIGHBORHOOD OF CHOICE THROUGH OUR SCATTERED SITE HOUSING THATSTRETCHES ACROSS THE ENTIRE CITY OF CHICAGO. AT HOW, WE ARE FOCUSED ONBUILDING ON OUR CLIENTS INDIVIDUAL STRENGTHS AND CONNECTING THEM TOCOMMUNITY RESOURCES. THROUGH THIS COMBINATION WE CAN CREATE LASTINGPOSITIVE CHANGE FOR OUR CLIENTS.HOW CLIENTS HAVE A WIDE VARIETY OF PERSONAL AND FAMILY ISSUES THAT NEEDTO BE ADDRESSED IN ORDER TO CREATE LASTING CHANGE. AT HOW, WE PROVIDEHIGH QUALITY ACADEMIC AFTER SCHOOL COUNSELING, DRUG AND ALCOHOL SUPPORTGROUPS, REFERRALS TO APPROPRIATE MEDICAL AND MENTAL HEALTH RESOURCESAND EMPLOYMENT READINESS AND PLACEMENT SERVICES. EACH CLIENT IS CAREDFOR BY AN INTENSIVE CASE MANAGER WHO, IN PARTNERSHIP WITH THE CLIENT,DEVELOPS AN INDIVIDUAL GOAL PLAN THAT CREATES A PATHWAY TO ACHIEVINGINDEPENDENCE AND SELF SUFFICIENCY.THE ORGANIZATION ALSO PROVIDES A PROGRAM THAT ADDRESSES HOUSING LOSSPREVENTION THAT HELPS INDIVIDUALS AND FAMILIES KEEP THEIR HOMES ANDAVOID ENTERING THE SHELTER SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Urvi Shah President | OfficerTrustee | 1 | $0 |
Denis Pierce Vice President | OfficerTrustee | 1 | $0 |
Jason C Sullivan Treasurer | OfficerTrustee | 1 | $0 |
John Amberg Member | Trustee | 1 | $0 |
Katie Conroy Member | Trustee | 1 | $0 |
Belinda Mckinley Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Multi-acquisition5t Management Property Management | 12/30/18 | $374,079 |
Community Housing Partners Xi Lp Property Management | 12/30/18 | $336,879 |
Property Hill Inc Property Management | 12/30/18 | $254,808 |
1607 W Howard Llc Property Management | 12/30/18 | $219,000 |
4915 S Drexel Llc Property Management | 12/30/18 | $170,002 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $106,423 |
| Related organizations | $0 |
| Government grants | $8,222,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,019,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,348,870 |
| Total Program Service Revenue | $598,806 |
| Investment income | $3,464 |
| 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 | $9,971,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,963,420 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,454 |
| Compensation of current officers, directors, key employees. | $149,454 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,960,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $644,514 |
| Payroll taxes | $260,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $70,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $379,598 |
| Advertising and promotion | $5,476 |
| Office expenses | $164,620 |
| Information technology | $20,120 |
| Royalties | $0 |
| Occupancy | $128,717 |
| Travel | $22,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,722 |
| Insurance | $200,200 |
| All other expenses | $40,335 |
| Total functional expenses | $10,629,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,025,604 |
| Pledges and grants receivable | $1,602,343 |
| Accounts receivable, net | $208,675 |
| 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 | $133,513 |
| Net Land, buildings, and equipment | $6,238,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $133,857 |
| Other assets | $444,308 |
| Total assets | $9,787,201 |
| Accounts payable and accrued expenses | $603,140 |
| Grants payable | $0 |
| Deferred revenue | $265,959 |
| 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 | $2,634,081 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $580,143 |
| Total liabilities | $4,083,323 |
| Net assets without donor restrictions | $5,387,451 |
| Net assets with donor restrictions | $316,427 |
| 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 | $9,787,201 |