Love Inc Of Western Suburbs Chicago
- Assets
- $158.2k
- Revenue
- $197.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Clarendon Hills, IL
- Founding
- 06/1986
- Data as of
- 12/2023
- EIN
- 36-3377798
Organization Overview
Love Inc Of Western Suburbs Chicago, operating under the name Love Christian Clearinghouse, is located in Clarendon Hills, IL. The organization was established in 1986. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Love Christian Clearinghouse employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Christian Clearinghouse 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 12/2023, Love Christian Clearinghouse generated $197.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $194.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. 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
THE ORGANIZATION WAS FORMED IN 1985 AS A CLEARINGHOUSE FOR AN INTERDENOMINATIONAL NETWORK OF CHURCHES TO ASSIST THE NEEDY IN THEIR COMMUNITIES IN DUPAGE COUNTY, ILLINOIS. THE ORGANIZATION ENDEAVORS TO MATCH INDIVIDUALS AND FAMILIES IN NEED WITH CHURCHES, VOLUNTEERS AND COMMUNITY AGENCIES BY CLARIFYING NEEDS AND IDENTIFYING WAYS TO RESOLVE THOSE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOVE HELP/EMERGENCY FUND - PROVIDES LIMITED FINANCIAL ASSISTANCE DIRECTLY TO A SERVICE PROVIDER TO HELP INDIVIDUALS AND FAMILIES OVERCOME A TEMPORARY FINANCIAL CRISIS THAT IS IMPACTING THEIR ABILITY TO MAINTAIN THEIR HOUSING, SERVICES FROM A PUBLIC UTILITY OR THEIR VEHICLE TO SUSTAIN EMPLOYMENT. INDIVIDUALS WITH LONGER-TERM NEEDS ARE PROVIDED COUNSELING AND CONNECTED TO SERVICES TO HELP PREVENT OR LIMIT A FUTURE FINANCIAL CRISIS.
MOVING FORWARD TOGETHER: PROVIDES FREE CLASSES TO ASSIST PEOPLE WITH LONGER-TERM NEEDS WHO ARE READY TO MAKE LASTING CHANGES IN THEIR LIVES. THE CLASSES OFFER A HOLISTIC APPROACH TO HELPING THE WHOLE PERSON AND ARE STRUCTURED AROUND 4 MAIN PILLARS OF NEED: EMOTIONAL NEEDS, PHYSICAL NEEDS, RELATIONAL NEEDS AND SPIRITUAL NEEDS.
OTHER PROGRAMS: THE FOOD & FUEL PROGRAM PROVIDES GAS VOUCHERS AND FOOD PANTRY LISTS TO LOW-INCOME INDIVIDUALS; THE TOY EXPRESS PROGRAM PROVIDES TOYS FOR CHILDREN AT CHRISTMAS; THE LACES WITH LOVE PROGRAM PROVIDE GYM SHOES FOR YOUNG CHILDREN STARTING SCHOOL AND THE BUCKET BRIGADE COLLECTS CLEANING SUPPLIES FOR PEOPLE USING LOCAL FOOD PANTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Vaughan President | OfficerTrustee | 1 | $0 |
Linda Carpenter Vice President | OfficerTrustee | 1 | $0 |
James Vanhekken Treasurer | OfficerTrustee | 5 | $0 |
Rev Jill Terpstra Secretary | OfficerTrustee | 1 | $0 |
Rev Barbara Krehbiel Gehring Director | Trustee | 1 | $0 |
Lisa Vaughan 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 | $192,560 |
| Noncash contributions included in lines 1a–1f | $16,643 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,560 |
| Total Program Service Revenue | $0 |
| Investment income | $643 |
| 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 | $197,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,662 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,309 |
| Compensation of current officers, directors, key employees. | $3,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,417 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,120 |
| Travel | $0 |
| 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 | $950 |
| Insurance | $1,836 |
| All other expenses | $0 |
| Total functional expenses | $194,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,823 |
| Total assets | $158,162 |
| Accounts payable and accrued expenses | $399 |
| 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 | $399 |
| Net assets without donor restrictions | $83,755 |
| Net assets with donor restrictions | $74,008 |
| 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 | $158,162 |