Single Room Housing Assistance Corporation
- Assets
- $3.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 42
- Location
- Chicago, IL
- Founding
- 02/1995
- Data as of
- 12/2017
- EIN
- 36-3904296
Organization Overview
Single Room Housing Assistance Corporation is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2017, Single Room Housing Assistance Corporation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Single Room Housing Assistance Corporation 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 12/2017, Single Room Housing Assistance Corporation generated $3.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.6m during the year ending 12/2017. While expenses have increased by 4.5% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO THE PREVENTION OF CYCLICAL PATTERNS OF HOMELESSNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING PROGRAM PERMANENT HOUSING INTERVENTION: LEASING PROGRAM INVOLVES EXPENSES RELATING TO SUSTAINING SRO FOR PARTICIPANTS IN ORDER TO ESTABLISH PERMANENT, SAFE AND SUPPORTIVE HOUSING. CASE MANAGEMENT PROVIDES NECESSARY SUPPORTIVE SERVICES FOR PARTICIPANTS TO ENCOURAGE A PROPER SELF SUSTAINING LIFE. FOOD VOUCHERS, CLIENT TRAININGS/WORKSHOPS AND REFERRAL SERVICES PROVIDES DIRECT BENEFITS FOR EACH PARTICIPANT AND ENCOURAGES DAY TO DAY SELF SUFFICIENCY.
INTERIM HOUSING: FUNDED THROUGH THE CITY OF CHICAGO DEPARTMENT OF FAMILY AND SUPPORT SERVICES AND PROVIDES DECENT HOUSING, A SUITABLE LIVING ENVIRONMENT AND EXPANDING ECONOMIC OPPORTUNITIES, PRINCIPALLY FOR PEOPLE OF LOW INCOME.
OTHER: REPRESENTS EXPENSES THAT ARE NOT "SUPPORTIVE HOUSING OR "MANAGEMENT AND GENERAL" BUT ARE STILL PROGRAM SERVICE EXPENSES. EXPENSES FIT THE CATEGORY OF MISCELLANEOUS AS THEY DO NOT CORRELATE DIRECTLY TO FEES ASSOCIATED WITH THE "SUPPORTIVE HOUSING OR "MANAGEMENT AND GENERAL" CATEGORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Erickson President | OfficerTrustee | 2 | $0 |
Russ Ogorek Vice President | OfficerTrustee | 2 | $0 |
Dan Starr Secretary | OfficerTrustee | 2 | $0 |
John Clark Treasurer | OfficerTrustee | 2 | $0 |
Eric Rubenstein Executive Director | OfficerTrustee | 40 | $123,667 |
Sheldon Weiner Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,408,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,409,179 |
| Total Program Service Revenue | $1,254,028 |
| Investment income | $5 |
| 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 | $3,665,963 |
| 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. | $123,667 |
| Compensation of current officers, directors, key employees. | $24,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,049,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,114 |
| Payroll taxes | $114,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,203 |
| Fees for services: Accounting | $26,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,765 |
| Advertising and promotion | $10,825 |
| Office expenses | $11,484 |
| Information technology | $41,497 |
| Royalties | $0 |
| Occupancy | $428,553 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,595 |
| Insurance | $52,303 |
| All other expenses | $15,595 |
| Total functional expenses | $3,603,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,203 |
| Savings and temporary cash investments | $9,064 |
| Pledges and grants receivable | $546,928 |
| Accounts receivable, net | $46,776 |
| 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 | $18,362 |
| Net Land, buildings, and equipment | $2,397,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,160,828 |
| Accounts payable and accrued expenses | $112,617 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $443 |
| 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 | $0 |
| Total liabilities | $113,060 |
| Unrestricted restricted net Assets | $3,047,768 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,047,768 |