Home Of The Sparrow Inc

Organization Overview

Home Of The Sparrow Inc is located in McHenry, IL. The organization was established in 1988. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Home Of The Sparrow Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Of The Sparrow 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 06/2022, Home Of The Sparrow Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 6.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HOPE, OPPORTUNITY, AND SUPPORT THAT EMPOWERS WOMEN AND CHILDREN AS THEY JOURNEY FROM HOMELESSNESS TO SELF-SUFFICIENCY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPARROWS NEST THIS PROGRAM HAS SEVEN THRIFT STORE LOCATION CARY, MCHENRY, MUDELEIN, PALATINE, WOODSTOCK, THIRD LAKE AND ARLINGTON HEIGHTS. INVENTORY FOR THE STORES IS RECEIVED FROM DONATIONS WHICH ARE THEN RE-SOLD. THE INCOME FROM SALES HELPS TO SUPPORT EXISTING PROGRAMS WITHIN THE ORGANIZATION.


AFFORDABLE HOUSING PROGRAM THE ORGANIZATION HAS 29 UNITS OF AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES WHO WERE HOMELESS, OR AT RISK OF BECOMING HOMELESS. THESE HOUSING UNITS ARE FOR WOMEN AND THEIR CHILDREN WHO HAVE AN ANNUAL INCOME OF 50 PERCENT OR LESS OF THE AREA MEDIAN INCOME, OFFERING A SAFE, COMFORTABLE PLACE TO LIVE.


SUBSIDIZED APARTMENT PROGRAM SAP FORMERLY TRANSITIONAL APARTMENT PROGRAM THIS PROGRAM PROVIDES A VITAL BRIDGE BETWEEN THE TRANSITIONAL SHELTER AND PERMANENT HOUSING WITHIN THE COMMUNITY. SAP OFFERS THREE UNITS OF SUBSIDIZED HOUSING FOR CLIENTS WHO HAVE A JOB BUT CANNOT AFFORD TO PAY AFFORDABLE HOUSING PROGRAM RENT. MANY OF THESE CLIENTS NEED TO PAY OFF UTILITY ARREARS AND REPAIR CREDIT HISTORY BEFORE THEY BECOME ELIGIBLE TO SIGN A RENTAL CONTRACT FOR HOUSING IN THE COMMUNITY. SAP CLIENTS GENERALLY STAY IN THE PROGRAM FOR A YEAR BEFORE MOVING INTO THE ORGANIZATIONS AFFORDABLE HOUSING PROGRAM OR INTO OTHER HOUSING WITHIN THE COMMUNITY. RAPID REHOUSING PROGRAM THROUGH GRANTS FROM THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT HUD, THE ORGANIZATION MANAGES SHORT-TERM TO MEDIUM-TERM RENTAL ASSISTANCE FOR FAMILIES WHO HAVE EMPLOYMENT BUT HAVE EXPERIENCED A LIFE-EVENT THAT PUT THEM INTO FINANCIAL JEOPARDY. THESE FAMILIES ARE READY TO BYPASS TRANSITIONAL SHELTER SERVICES AND ENTER DIRECTLY INTO AN APARTMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Matthew Kostecki
Executive Director
$105,063
Barbara Webb
Secretary
$0
Dean Karamagianis
Treasurer
$0
Diana Passarelli
President
$0
Brian Silver
Vice President
$0
Kerry Smith
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$116,884
Related organizations$0
Government grants $1,808,917
All other contributions, gifts, grants, and similar amounts not included above$1,443,022
Noncash contributions included in lines 1a–1f $69,585
Total Revenue from Contributions, Gifts, Grants & Similar$3,368,823
Total Program Service Revenue$190,931
Investment income $58,945
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $30,437
Net Income from Fundraising Events -$23,681
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,136,345
Miscellaneous Revenue$0
Total Revenue $7,775,187

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Home Of The Sparrow Inc has recieved totaling $500.

Awarding OrganizationAmount
Hale Foundation

Barrington, IL

PURPOSE: OPERATING FUNDS

$500
View Grant Recipient Profile

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$7,572,954
Guest House Of Milwaukee Inc
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$7,591,185
Porchlight Inc
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$8,054,019
La Casa Norte
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$9,177,000
Depaul Usa Inc
Chicago, IL
$10,359,318
Home Of The Sparrow Inc
McHenry, IL
$7,775,187

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