United Methodist Homes & Services Foundation
- Assets
- $17.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 36-3587330
Organization Overview
United Methodist Homes & Services Foundation is located in Chicago, IL. The organization was established in 1990. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Homes & Services Foundation 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 12/2021, United Methodist Homes & Services Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $727.8k during the year ending 12/2021. While expenses have increased by 9.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE OPERATIONS OF CHARITABLE AFFILIATED ENTITIES OF UNITED METHODIST HOMES & SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Dubnicka Treasurer | OfficerTrustee | 0.5 | $0 |
Martha A Strong Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Michael J Dudley Secretary | OfficerTrustee | 0.5 | $0 |
William A Lowe President | OfficerTrustee | 5 | $0 |
Kathleen C West Chairperson | OfficerTrustee | 0.5 | $0 |
Mary Kakenmaster Trustee | Trustee | 0.5 | $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 | $333,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,157 |
| Total Program Service Revenue | $0 |
| Investment income | $242,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,657,168 |
| Net Income from Fundraising Events | $44,892 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,278,096 |
| 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 | $251,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,051 |
| Payroll taxes | $17,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $367 |
| Fees for services: Accounting | $3,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,800 |
| Office expenses | $3,659 |
| Information technology | $3,706 |
| Royalties | $0 |
| Occupancy | $1,750 |
| Travel | $2,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $429 |
| Interest | $573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $288 |
| Insurance | $4,116 |
| All other expenses | $0 |
| Total functional expenses | $727,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $608,060 |
| 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 | $835 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,776,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,424,574 |
| Total assets | $17,809,724 |
| Accounts payable and accrued expenses | $45,372 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $484,961 |
| 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 | $250,000 |
| Total liabilities | $780,333 |
| Net assets without donor restrictions | $15,969,580 |
| Net assets with donor restrictions | $1,059,811 |
| 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 | $17,809,724 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United Methodist Homes & Services Foundation has recieved totaling $4,476.
| Awarding Organization | Amount |
|---|---|
Thornton Trust Chicago, IL PURPOSE: CHARITY CARE HOUSING | $4,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Indiana Masonic Home Foundation Incorporated Indianapolis, IN | $99,812,829 | $12,316,628 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Enterprise Zone Education And Training Center Corporation Evansville, IN | $4,249,617 | $5,412,109 |
Cradle Foundation Evanston, IL | $14,544,905 | $2,396,350 |
Damar Foundation Inc Indianapolis, IN | $59,448,355 | $4,890,477 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Foundation For Lutheran Child And Family Services Indiana Inc Indianapolis, IN | $66,891,631 | $17,990,670 |
Alliance Against Assault And Abuse Kansas City, MO | $0 | $0 |