I Am Able Center For Family Development
- Assets
- $1.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 44
- Location
- Chicago, IL
- Founding
- 08/1993
- Data as of
- 06/2023
- EIN
- 36-3861251
Organization Overview
I Am Able Center For Family Development is located in Chicago, IL. The organization was established in 1993. 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 06/2023, I Am Able Center For Family Development employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Am Able Center For Family Development 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 06/2023, I Am Able Center For Family Development generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 15.1% per year over the past 4 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
I AM ABLE'S PURPOSE IS TO ENHANCE OPPORTUNITIES FOR CHILDREN AND THEIR FAMILIES TO EXPERIENCE OPTIMAL SOCIAL, PSYCHOLOGICAL AND EMOTIONAL OUTCOMES BY OFFERING AN ARRAY OF INTEGRATED SERVICES TO MEET THE NEEDS OF THE CHILD WELFARE POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SOCIAL AND PSYCHOLOGICAL COUNSELING SERVICES FOR FAMILIES AND CHILDREN ON THE WESTSIDE OF CHICAGO. OVER 225 CLIENTS SERVED. ALSO, DCFS FLEX FUND GRANT SERVED CHILDREN IN THE SYSTEM FACILITATED BY I AM ABLE CASEWORKERS. OVER 500 CLIENTS SERVED
OTHER PROGRAMS
TRIM COMPRISES A SEAMLESS NETWORK OF COMMUNITY MEMBERS WHO AGREE TO ADDRESS TRAUMATIC EXPERIENCES AT ANY STAGE OF DEVELOPMENT THROUGH A COMMITTEE TO TRAUMA INFORMED CARE. (TIC)" OUR GOAL IS TO BRING TOGETHER AND ENGAGE COMMUNITY MEMBERS/PROVIDERS TO ADDRESS CHILDHOOD AND FAMILY TRAUMA 8-BLOCKS AT A TIME THROUGH PREVENTION, INTERVENTION, AND AFTER CARE SERVICES." CLIENTS SERVED 211.
WELLNESS HEALS IS A CRISIS RESPONSE SYSTEM FOR THE NORTH LAWNDALE COMMUNITY IN CHICAGO THAT IS DESIGNED TO REDUCE EMERGENCY ROOM VISITS AND PSYCHIATRIC HOSPITALIZATION RESULTING IN IMPROVED HEALTH OUTCOMES. RESIDENTS SERVED 45
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Carolyn L Vessel CEO | OfficerTrustee | 40 | $112,868 |
Vincent Osaghae Treasurer | OfficerTrustee | 5 | $0 |
Lisa Kenner Board Chair | Trustee | 0 | $0 |
Brenda Palms-Barber Director | Trustee | 5 | $0 |
Shirley Vessel Director | Trustee | 5 | $0 |
Sherneron Hilliard Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,700,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $635,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,336,320 |
| Total Program Service Revenue | $11,052 |
| Investment income | $0 |
| 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 | $2,347,372 |
| 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. | $112,868 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,368,742 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,509 |
| Payroll taxes | $123,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,759 |
| Travel | $1,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,753 |
| Insurance | $32,662 |
| All other expenses | $570,615 |
| Total functional expenses | $2,357,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $408,832 |
| 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 | $167,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,050,442 |
| Accounts payable and accrued expenses | $21,015 |
| Grants payable | $0 |
| Deferred revenue | $163,535 |
| 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 | $64,978 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $249,528 |
| Net assets without donor restrictions | $800,914 |
| 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 | $1,050,442 |