North West Housing Partnership
- Assets
- $5.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Schaumburg, IL
- Founding
- 12/1991
- Data as of
- 09/2023
- EIN
- 36-3715417
Organization Overview
North West Housing Partnership is located in Schaumburg, IL. The organization was established in 1991. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, North West Housing Partnership employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North West Housing Partnership 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 09/2023, North West Housing Partnership generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $902.8k during the year ending 09/2023. While expenses have increased by 6.7% per year over the past 8 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
THROUGH A FISCALLY RESPONSIBLE AND MULTI-FACETED APPROACH, NWHP PROMOTES PUBLIC AND PRIVATE PARTNERSHIPS THAT CREATE AND PRESERVE COST-EFFECTIVE QUALITY DIVERSE HOUSING FOR LOW TO MODERATE-INCOME RESIDENTS AND WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTI-FAMILY DEVELOPMENT- DEVELOPING AFFORABLE SENIOR LIVING COMMUNITIES INDEPENDENTLY AND THOUGH JOINT VENTURES.
COOK COUNTY DISASTER GRANT - PERFORMING REHABILITATION FOR COOK COUNTY RESIDENTS AFFECTED BY FLOOD DAMAGE.
SINGLE FAMILY PURCHASE REHAB AND SELL TO AFFORDABLE BUYERS IN WEST COOK COUNTY COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director-Prior | Officer | 40 | $114,830 |
Name Not Listed Executive Director-Current | Officer | 40 | $93,420 |
Sheila Barber Vice Chairman | OfficerTrustee | 1 | $0 |
James Nelis Chairman | OfficerTrustee | 1 | $0 |
Nelson Morales Secretary | OfficerTrustee | 1 | $0 |
Shawn Block Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $145,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $31 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,557 |
| Total Program Service Revenue | $1,544,114 |
| Investment income | $5,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $259,529 |
| 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 | $125,104 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,079,351 |
| 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 | $284,853 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,802 |
| Payroll taxes | $23,114 |
| Fees for services: Management | $9,478 |
| Fees for services: Legal | $8,915 |
| Fees for services: Accounting | $37,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,667 |
| Advertising and promotion | $4,874 |
| Office expenses | $6,321 |
| Information technology | $3,969 |
| Royalties | $0 |
| Occupancy | $24,638 |
| Travel | $918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,453 |
| Interest | $1,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,409 |
| Insurance | $6,968 |
| All other expenses | $3,422 |
| Total functional expenses | $902,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,564 |
| Savings and temporary cash investments | $1,796,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $717,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $443,557 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,943 |
| Net Land, buildings, and equipment | $1,917,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,129 |
| Total assets | $5,141,507 |
| Accounts payable and accrued expenses | $59,690 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $21,209 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,616,569 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,083 |
| Total liabilities | $3,751,551 |
| Net assets without donor restrictions | $1,389,956 |
| 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 | $5,141,507 |