Home Of Life Community Development Corp
- Assets
- $1.1m
- Revenue
- $909.6k
- Investments
- $0.0
- Employees
- 20
- Location
- Chicago, IL
- Founding
- 10/1993
- Data as of
- 12/2020
- EIN
- 36-4259274
Organization Overview
Home Of Life Community Development Corp is located in Chicago, IL. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Home Of Life Community Development Corp employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Of Life Community Development Corp 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 12/2020, Home Of Life Community Development Corp generated $909.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $803.8k during the year ending 12/2020. While expenses have increased by 1.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DAY CARE AND AFTER SCHOOL CARE FOR CHILDREN AND TO PROVIDE EDUCATIONAL SERVICES FOR PREPARATION FOR COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY CARE AND AFTER SCHOOL PROGRAMS - PROVIDED A COMPREHENSIVE DAY CARE AND NUTRITIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delores Sheppard Director | OfficerTrustee | 40 | $97,932 |
Reverend Johnny Henderson President | Trustee | 12 | $10,348 |
Brian Pickett Vice President | Trustee | 12 | $0 |
Angela Williams Secretary | Trustee | 12 | $0 |
Josie Ware Treasurer | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $750,315 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,315 |
| Total Program Service Revenue | $5,114 |
| 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 | $909,565 |
| 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. | $108,280 |
| Compensation of current officers, directors, key employees. | $59,314 |
| Compensation to disqualified persons | $242,241 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,214 |
| Payroll taxes | $38,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,150 |
| Advertising and promotion | $0 |
| Office expenses | $757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,926 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $647 |
| Interest | $10,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,182 |
| Insurance | $51,785 |
| All other expenses | $17,409 |
| Total functional expenses | $803,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,892 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,353 |
| 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 | $0 |
| Net Land, buildings, and equipment | $943,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,089,211 |
| Accounts payable and accrued expenses | $19,677 |
| 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 | $6,862 |
| Secured mortgages and notes payable | $750,625 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $777,164 |
| Net assets without donor restrictions | $312,047 |
| 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 | $1,089,211 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Home Of Life Community Development Corp has recieved totaling $10,012.
| Awarding Organization | Amount |
|---|---|
Illinois Action For Children Chicago, IL PURPOSE: QUALITY IMPROVEMENTS | $5,011 |
Illinois Action For Children Chicago, IL PURPOSE: QUALITY IMPROVEMENTS | $5,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |