Heart Of Chicago Association
- Assets
- $98.8k
- Revenue
- $8.9k
- Investments
- $89.6k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 36-3806438
Organization Overview
Heart Of Chicago Association is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Chicago Association 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 12/2023, Heart Of Chicago Association generated $8.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $15.5k during the year ending 12/2023. While expenses have increased by 9.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Martin President | 1 | $0 | |
Julia Martin Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $3,546 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,318 |
| Capital Gain Net Income | $5,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $822 |
| Contributions, gifts, grants paid | $14,650 |
| Total expenses and disbursements | $15,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,377 |
| Savings and temporary cash investments | $1,855 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $89,551 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $98,783 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Heart Of Chicago Association has awarded $14,650 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GIRL FORWARD PURPOSE: GENERAL DONATION | $500 |
ABC - PILSEN PURPOSE: GENERAL DONATION | $1,000 |
MARK BIGA FOUNDATION PURPOSE: GENRAL DONATION | $500 |
H FOUNDATION PURPOSE: GENERAL DONATION | $500 |
BROTHERHOOD FOR THE FALLEN PURPOSE: GENERAL DONATION | $2,000 |
SHY WAYS PURPOSE: GENERAL DONATION | $150 |