Northwest Compass Inc
- Assets
- $2.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Mount Prospect, IL
- Founding
- 07/1986
- Data as of
- 06/2023
- EIN
- 36-3382832
Organization Overview
Northwest Compass Inc is located in Mount Prospect, IL. The organization was established in 1986. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2023, Northwest Compass Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Compass 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 06/2023, Northwest Compass Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 8.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMERGENCY SERVICES, EDUCATION AND EMPOWERMENT WHICH FOSTER PERSONAL RESPONSIBILITY FOR THOSE WHO ARE VULNERABLE OR IN CRISIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH HOMELESSNESS DEMONSTRATION PROGRAM - PROVIDES TRANSITIONAL HOUSING AND RAPID REHOUSING FOR YOUTH IN SUBURBAN COOK COUNTY.
FOOD CONNECTION PROGRAM: ASSISTS CLIENTS WHO ARE UNABLE TO PROVIDE ENOUGH FOOD FOR THEMSELVES AND THEIR FAMILIES WITH PERISHABLE AND NONPERISHABLE FOOD ITEMS TO SUPPLEMENT THEIR FOOD BUDGET.
RENT ASSISTANCE: PROVIDES DIRECT FINANCIAL ASSISTANCE FOR HOUSING, DEPENDENT ON REQUIREMENTS OF SPECIFIC FUNDING PROGRAMS. MOST PROGRAMS INCLUDE HOUSEHOLD INCOME LIMITATIONS, LIMITS TO FINANCIAL ASSISTANCE PER HOUSEHOLD, AND MAY INCLUDE GEOGRAPHICAL RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Freiman Chair | OfficerTrustee | 1 | $0 |
Dustin Korbus Vice President | OfficerTrustee | 1 | $0 |
Lorena Duenez Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Freiman Secretary | OfficerTrustee | 1 | $0 |
Christopher Karsten Director | Trustee | 1 | $0 |
Michele Petrie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,904,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $889,837 |
| Noncash contributions included in lines 1a–1f | $476,820 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,794,003 |
| Total Program Service Revenue | $35,111 |
| Investment income | $13,837 |
| 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 | $2,843,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $252,909 |
| Grants and other assistance to domestic individuals. | $1,233,720 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,529 |
| Compensation of current officers, directors, key employees. | $496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $750,570 |
| Pension plan accruals and contributions | $2,034 |
| Other employee benefits | $31,829 |
| Payroll taxes | $66,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,723 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $369 |
| Fees for services: Other | $136,966 |
| Advertising and promotion | $1,010 |
| Office expenses | $7,614 |
| Information technology | $41,527 |
| Royalties | $0 |
| Occupancy | $78,566 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,606 |
| Insurance | $36,236 |
| All other expenses | $29,359 |
| Total functional expenses | $2,904,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,834 |
| Savings and temporary cash investments | $297,292 |
| Pledges and grants receivable | $490,012 |
| Accounts receivable, net | $25,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,665 |
| Prepaid expenses and deferred charges | $29,080 |
| Net Land, buildings, and equipment | $936,831 |
| Investments—publicly traded securities | $101,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,705 |
| Total assets | $2,112,236 |
| Accounts payable and accrued expenses | $69,680 |
| Grants payable | $0 |
| Deferred revenue | $6,785 |
| 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 | $491,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,403 |
| Total liabilities | $571,879 |
| Net assets without donor restrictions | $1,540,357 |
| Net assets with donor restrictions | $0 |
| 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 | $2,112,236 |