Familyforward
- Assets
- $250.1k
- Revenue
- $282.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Arlington Hts, IL
- Founding
- 07/2004
- Data as of
- 06/2022
- EIN
- 56-2408453
Organization Overview
Familyforward is located in Arlington Hts, IL. The organization was established in 2004. 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 06/2022, Familyforward employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Familyforward 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 06/2022, Familyforward generated $282.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $295.4k during the year ending 06/2022. While expenses have increased by 6.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING NORTHWEST SUBURBAN FAMILIES TO ACHIEVE FINANCIAL STABILITY AND INDEPENDENCE THROUGH MENTORING RENTAL ASSISTANCE AND SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MENTORING RENTAL ASSISTANCE AND SUPPORT SERVICES FOR 45 FAMILIES INCLUDING 59 ADULTS AND 98 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Harte Program Manager | Officer | 30 | $49,646 |
Erica Chianelli Executive Director - Incoming | Officer | 20 | $31,847 |
Charles Warner Executive Director - Outgoing | Officer | 40 | $14,355 |
Tim Wayman Board Chair | OfficerTrustee | 0 | $0 |
Greg Ford Vice Chair | OfficerTrustee | 0 | $0 |
Chris Farnsworth Corresponding Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,986 |
| Related organizations | $0 |
| Government grants | $48,773 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,475 |
| Noncash contributions included in lines 1a–1f | $30,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,234 |
| Total Program Service Revenue | $0 |
| Investment income | $324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,373 |
| 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. | $95,848 |
| Compensation of current officers, directors, key employees. | $22,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,383 |
| Office expenses | $6,485 |
| Information technology | $6,648 |
| Royalties | $0 |
| Occupancy | $1,300 |
| Travel | $816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,218 |
| Interest | $90 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,542 |
| All other expenses | $0 |
| Total functional expenses | $295,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,235 |
| Savings and temporary cash investments | $213,900 |
| Pledges and grants receivable | $9,983 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,118 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $226,744 |
| Net assets with donor restrictions | $23,374 |
| 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 | $250,118 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Familyforward has recieved totaling $13,952.
| Awarding Organization | Amount |
|---|---|
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $5,902 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,550 |
Rotary Club Of Palatine Foundation Palatine, IL | | $2,000 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $26,883 |
| Net Contributions | $7,351 |
| Other Expense | $10,860 |
| Ending Balance | $23,374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
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 |