Heartland Housing Inc
- Assets
- $62.4m
- Revenue
- $6.3m
- Investments
- $3.7m
- Employees
- 70
- Location
- Chicago, IL
- Founding
- 08/1997
- Data as of
- 06/2021
- EIN
- 36-3642952
Organization Overview
Heartland Housing Inc is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Heartland Housing Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Housing 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 06/2021, Heartland Housing Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. 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 FACILITATE THE DEVELOPMENT OF PEOPLE THROUGH THE PRESERVATION AND CREATION OF AFFORDABLE AND SUPPORTIVE HOUSING. MORE DETAIL IS PRESENTED IN PART III.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARTLAND HOUSING, INC. WAS CREATED AS A NON-PROFIT 501(C)(3) AFFORDABLE HOUSING DEVELOPMENT IN 1989. CURRENTLY, HEARTLAND OWNS AND MANAGES 1,279 AFFORDABLE HOUSING UNITS IN THE CITY OF CHICAGO, MADISON, WISCONSIN, AND PARTS OF MILWAUKEE. THE PROJECTS CATER TO VARIOUS TYPES OF PARTICIPANTS SUCH AS LOW INCOME, HOMELESS, AND SENIORS. IN ADDITION, SOME OF THE PROJECTS PROVIDE SUPPORTIVE SERVICES TO OUR RESIDENTS TO HELP THEM OVERCOME BARRIERS TO HOUSING STABILITY AND ACHIEVE GREATER ECONOMIC INDEPENDENCE AS WELL AS ASSIST THEM IN FINDING WORK. (CONTINED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Goldberg Executive Director | Officer | 38 | $162,930 |
Mark Kruse Sr Dir, Real Estate Dvlpmt | 40 | $132,689 | |
Carla Wheeler Chief Information Officer | Officer | 40 | $129,150 |
James Breymaier Chief Operating Officer | Officer | 40 | $108,177 |
Myel Lassiter Director Property Management | 40 | $104,764 | |
Elias Rosario Chief Fin & Admin Offcr/treas | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Engberg Anderson Inc Achitecture And Design Services | 6/29/18 | $134,260 |
Valerio Dewalt Train Associates Inc Achitecture And Design Services | 6/29/18 | $141,859 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $767,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $611,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,379,429 |
| Total Program Service Revenue | $3,167,179 |
| Investment income | $1,546,977 |
| 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 | $6,250,781 |
| 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. | $417,149 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $817,709 |
| Pension plan accruals and contributions | $48,149 |
| Other employee benefits | $431,659 |
| Payroll taxes | -$230,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,481 |
| Fees for services: Accounting | $130,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $667,702 |
| Advertising and promotion | $0 |
| Office expenses | $29,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,520 |
| Travel | $20,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,636 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,134,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,949,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $139,187 |
| Accounts receivable, net | $432,445 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,732,317 |
| Investments—program-related | $56,087,721 |
| Intangible assets | $0 |
| Other assets | $20,740 |
| Total assets | $62,362,364 |
| Accounts payable and accrued expenses | $720,378 |
| 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 | $4,149,253 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$4,899,860 |
| Total liabilities | -$30,229 |
| Net assets without donor restrictions | $62,116,335 |
| Net assets with donor restrictions | $276,258 |
| 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 | $62,362,364 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Heartland Housing Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: QUALITY AFFORDABLE HOUSING FOR MILWAUKEE FAMILIES | $25,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: QUALITY AFFORDABLE HOUSING FOR MILWAUKEE FAMILIES | $25,000 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI PURPOSE: SAFE & STABLE HOMES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beyond Housing Inc Pine Lawn, MO | $38,518,173 | $15,419,086 |
Insight Development Corporation Indianapolis, IN | $86,054,404 | $6,705,659 |
Center For Veterans Issues Inc Milwaukee, WI | $5,642,001 | $8,532,002 |
Full Circle Communities Inc Chicago, IL | $146,223,116 | $65,892,596 |
Heartland Housing Inc Chicago, IL | $62,362,364 | $6,250,781 |
Habitat For Humanity International Inc Wheaton, IL | $6,181,970 | $4,027,950 |
Invest Dsm Des Moines, IA | $13,108,701 | $110,576 |
Housing Oriented Ministries Established For Services Inc Whitesburg, KY | $4,625,979 | $1,907,969 |
Heartland Independent Living Center Owensville, MO | $2,130,293 | $2,069,322 |
Neighborhood Development Corp Des Moines, IA | $6,803,177 | $2,495,754 |
Hamilton County Area Neighborhood Development Inc Noblesville, IN | $13,954,467 | $2,220,714 |
Community One Inc Evansville, IN | $1,463,104 | $1,126,647 |