Center For Changing Lives
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Chicago, IL
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 36-3731388
Organization Overview
Center For Changing Lives is located in Chicago, IL. The organization was established in 1994. 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 12/2022, Center For Changing Lives employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Changing Lives 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 12/2022, Center For Changing Lives generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 5.3% 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
HELP INDIVIDUALS UNCOVER POSSIBILITIES, OVERCOME BARRIERS, AND REALIZE THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FINANCIAL COACHING PROGRAM - WORKS TO SUPPORT PARTICIPANTS AS THEY WORK TO ACHIEVE FINANCIAL GOALS. CCL PROVIDES ONE ON ONE AND GROUP FINANCIAL COACHING THAT FOCUS ON DEVELOPING PARTICIPANTS' FINANCIAL VISIONS, OUTCOMES, ACTION PLANS AND ACCOUNTABILITY STRUCTURES, FINANCIAL ASSESSMENT AND MOBILIZATION AND APPLICATION OF RESOURCES TO THE FINANCIAL ACTION PLANS, INCLUSIVE OF INNOVATIVE FINANCIAL PRODUCTS. THE PROGRAM ALSO WORKS TO SUPPORT PARTICIPANTS AS THEY WORK TO OBTAIN SAFE AND AFFORDABLE HOUSING. TO THAT END, CCL PROVIDES HUD CERTIFIED HOUSING COUNSELING.
SMALL BUSINESS COACHING FOCUSES - ON BUILDING BLACK, INDIGENOUS AND PEOPLE OF COLOR (BIPOC) LED BUSINESSES IN THEIR CAPACITY TO IDENTIFY AND PURSUE PATHWAYS OF ENTREPRENEURIALISM AND BUSINESS SUSTAINABILITY. SMALL BUSINESS COACHING INCLUDES ENROLLING ENTREPRENEURS, CONNECTING SMALL BUSINESSES OWNERS TO INTERNAL AND EXTERNAL TRAINING, DEVELOPING AND ASSESSING GENERAL BUSINESS GOALS, AND COLLABORATIVELY IDENTIFYING AND MOBILIZING THE VARIETY OF SUPPORTS THAT ENTREPRENEURS NEED IN ORDER TO BE SUCCESSFUL DURING AND BEYOND SMALL BUSINESS COACHING SERVICES.
EMPLOYMENT COACHING PROGRAM - CCL'S EMPLOYMENT PREPARATION AND PLACEMENT PROGRAM WORKS TO SUPPORT PARTICIPANTS AS THEY WORK TO ACHIEVE EMPLOYMENT IN THE SHORT-TERM AND CAREER ADVANCEMENT IN THE LONG-TERM. ONE ON ONE EMPLOYMENT COACHING INCLUDES: JOB READINESS TRAINING, DIGITAL LITERACY TRAINING, ASSESSMENT AND GOAL SETTING, RESUME AND JOB APPLICATION ASSISTANCE, MOCK INTERVIEWING AND SKILL-BUILDING ACTIVITIES, REFERRALS TO JOB LEADS, PRE-SCREENING FOR DIRECT PLACEMENTS, CLOTHING AND TRANSPORTATION ASSISTANCE, FOLLOW-UP AND JOB RETENTION.
OUTREACH - COACHES WORK WITH MEMBERS OF THE PUBLIC TO CONNECT THEM TO A SPECTRUM OF RESOURCES. RESOURCES THAT MAY INCLUDE,BUT ARE NOT LIMITED TO MAINSTREAM PUBLIC BENEFITS, NETWORKING OPPORTUNITIES, PRODUCTS OR SERVICES OR ANY OTHER NEEDED COMMUNITY SUPPORT, ASSISTANCE OR RESOURCE THAT MOVES COMMUNITY MEMBERS TOWARDS GOAL ATTAINMENT.THE GOAL OF CCL'S PARTNERSHIPS AND COMMUNITY ENGAGEMENT IS TO DEVELOP EMPOWERED AND ACCOUNTABLE RELATIONSHIPS WITH COMMUNITY MEMBERS, THAT WILL PREPARE AND RESOURCE THEM TO ACHIEVE THEIR GOALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joannie Foley President | OfficerTrustee | 2 | $0 |
Nikhil Vijaykar Former President | OfficerTrustee | 2 | $0 |
Jack Lee Secretary | OfficerTrustee | 2 | $0 |
Meghan Jacka Treasurer | OfficerTrustee | 2 | $0 |
Maggie Clemons Director | Trustee | 1 | $0 |
Yaritza Sandoval Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,910 |
| Related organizations | $0 |
| Government grants | $434,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $871,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,317,124 |
| Total Program Service Revenue | $12,450 |
| Investment income | $430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,352 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,339,356 |
| 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. | $136,166 |
| Compensation of current officers, directors, key employees. | $40,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $689,646 |
| Pension plan accruals and contributions | $7,355 |
| Other employee benefits | $69,284 |
| Payroll taxes | $65,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,209 |
| Advertising and promotion | $6,368 |
| Office expenses | $12,132 |
| Information technology | $29,132 |
| Royalties | $0 |
| Occupancy | $69,695 |
| Travel | $1,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,361 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $362 |
| Insurance | $17,636 |
| All other expenses | $7,506 |
| Total functional expenses | $1,223,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $933,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $326,155 |
| Accounts receivable, net | $0 |
| 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 | $25,051 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,668 |
| Total assets | $1,352,140 |
| Accounts payable and accrued expenses | $22,040 |
| Grants payable | $0 |
| Deferred revenue | $5,409 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,769 |
| Total liabilities | $91,218 |
| Net assets without donor restrictions | $1,205,506 |
| Net assets with donor restrictions | $55,416 |
| 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 | $1,352,140 |