Interfaith Housing Development Corporation Of Chicago
- Assets
- $13.8m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 36-3869736
Organization Overview
Interfaith Housing Development Corporation Of Chicago is located in Chicago, IL. The organization was established in 1997. 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 12/2021, Interfaith Housing Development Corporation Of Chicago employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Housing Development Corporation Of Chicago 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 12/2021, Interfaith Housing Development Corporation Of Chicago generated $15.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $14.8m during the year ending 12/2021. 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
HOUSING PLACEMENT FOR HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP PERMANENT LONG-TERM HOUSING SOLUTIONS FOR INDIVIDUALS AND FAMILIES WHOSE INCOME IS 30% OR LESS THAN THE AREA MEDIAN INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harriette Mimms Director Of Construction A | 40 | $121,168 | |
Perry Vietti President | Officer | 40 | $118,055 |
Clarence L Smith Chair President | Officer | 2 | $0 |
Calvin Holmes Secretary | Officer | 2 | $0 |
Barbara Shaw Director | Trustee | 2 | $0 |
Catherine Galligan Vp/treas | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,398,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,508,000 |
| Noncash contributions included in lines 1a–1f | $7,500,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,906,685 |
| Total Program Service Revenue | $4,013,252 |
| Investment income | $411,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,355,980 |
| 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. | $239,223 |
| Compensation of current officers, directors, key employees. | $35,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,122 |
| Payroll taxes | $31,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,453 |
| Fees for services: Accounting | $43,040 |
| 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 | $970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $811 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218 |
| Insurance | $200,662 |
| All other expenses | $75,734 |
| Total functional expenses | $14,812,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $543,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $236,254 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,284 |
| Net Land, buildings, and equipment | $2,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,327,238 |
| Total assets | $13,790,371 |
| Accounts payable and accrued expenses | $260,497 |
| 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 | $2,406,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,564,521 |
| Total liabilities | $4,231,682 |
| Net assets without donor restrictions | $8,775,766 |
| Net assets with donor restrictions | $782,923 |
| 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 | $13,790,371 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Interfaith Housing Development Corporation Of Chicago has recieved totaling $1,403,138.
| Awarding Organization | Amount |
|---|---|
The Chicago Community Trust Chicago, IL PURPOSE: TO SUPPORT CONSTRUCTION OF A GROCERY STORE | $1,000,000 |
Homestead Affordable Development Corporation Chicago, IL | | $201,569 |
Homestead Affordable Development Corporation Chicago, IL | | $201,569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |