Catholic Charities Housing Development Corporation
- Assets
- $28.4m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 36-3425314
Organization Overview
Catholic Charities Housing Development Corporation is located in Chicago, IL. The organization was established in 1946. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Charities Housing Development Corporation 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 06/2022, Catholic Charities Housing Development Corporation generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.5% each year . All expenses for the organization totaled $7.6m during the year ending 06/2022. While expenses have increased by 65.1% 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
THE ORGANIZATION DEVELOPS AND MANAGES HOUSING FOR VETERANS, SENIORS, AND THE DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENGAGES IN THE DEVELOPMENT AND CONSTRUCTION OF HOUSING AND RELATED FACILITY PROGRAMS FOR VETERANS, THE ELDERLY AND DISABLED. THE ORGANIZATION ALSO MANAGES THE ST. LEO HOME FOR VETERANS, A 141 UNIT RESIDENCE FOR HOMELESS VETERANS. THE ORGANIZATION OWNS A 99.99% SHARE OF THE LIMITED PARTNERSHIP THAT OWNS THE ST. LEO HOME FOR VETERANS, THE ST. LEO RESIDENCE LP. THE ORGANIZATIONS'S SHARE OF THE NET OF REVENUES AND EXPENSES FOR THE PARTNERSHIP ARE RECORDED ON THE STATEMENT OF REVENUE.
THE BISHOP CONWAY RESIDENCE IS AN AFFORDABLE SUPPORTIVE LIVING RESIDENCE THAT OFFERS HOUSING TO SENIORS AGE 63 AND OLDER. IT CONSISTS OF 7 STUDIO APARTMENTS AND 15 COMPANION SUITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elida Hernandez Treasurer | OfficerTrustee | 1 | $0 |
Angel Gutierrez Director | Trustee | 1 | $0 |
Mary Ann Bibat Director | Trustee | 1 | $0 |
Karen O'mara Secretary | OfficerTrustee | 0 | $0 |
James Cunnea Vice President | OfficerTrustee | 1 | $0 |
Millicent Ntiamoah Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monterrey Security Security | 6/29/22 | $180,705 |
Total Nurses Network Llc Nursing | 6/29/22 | $175,573 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,524,796 |
| Investment income | $338,728 |
| 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 | $10,918,856 |
| 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 | $783,680 |
| Pension plan accruals and contributions | $6,893 |
| Other employee benefits | $149,255 |
| Payroll taxes | $53,380 |
| Fees for services: Management | $244,530 |
| Fees for services: Legal | $228 |
| Fees for services: Accounting | $14,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,422 |
| Advertising and promotion | $1,033 |
| Office expenses | $13,058 |
| Information technology | $7,552 |
| Royalties | $0 |
| Occupancy | $577,155 |
| Travel | $7,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $540 |
| Interest | $319,380 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,525 |
| Insurance | $34,418 |
| All other expenses | $1,011 |
| Total functional expenses | $7,555,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,304 |
| Savings and temporary cash investments | $326,200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,082,314 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,139 |
| Net Land, buildings, and equipment | $2,043,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,766,819 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,399,743 |
| Accounts payable and accrued expenses | $65,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,070,000 |
| 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 | $734,860 |
| Other liabilities | $2,628,232 |
| Total liabilities | $13,498,172 |
| Net assets without donor restrictions | $14,901,571 |
| 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 | $28,399,743 |