Renew Communities Nfp is located in Lake Forest, IL. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Renew Communities Nfp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renew Communities Nfp 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 12/2022, Renew Communities Nfp generated $946.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $302.2k during the year ending 12/2022. While expenses have increased by 31.6% 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
TO INCREASE AFFORDABLE HOME OWNERSHIP IN UNDER RESOURCED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATTHEW HOMES - RENEW IS A NONPROFIT CORPORATION SEEKING TO PROMOTE AND ACCELERATE REVITALIZATION IN THE CITY OF NORTH CHICAGO, ILLINOIS, THROUGH ITS AFFORDABLE HOUSING PROGRAM, CALLED MATTHEW HOMES. RENEW'S GOAL IS TO INCREASE AFFORDABLE HOME OWNERSHIP FOR 300 FAMILIES AND ENCOURAGE FAMILY ENGAGEMENT IN THE NEIGHBORHOOD AND COMMUNITY. TO DATE, RENEW HAS FACILIATED THE PURCHASE AND COMPLETION OF A DOZEN MATTHEW HOMES AND WORK IS UNDERWAY ON 10 MORE (3 RENOVATIONS AND 7 NEW BUILDS). RENEW HAS ALSO BEEN WORKING DILIGENTLY TO PUT IN PLACE PROCESSES AND AN OPERATING STRUCTURE THAT WILL SUPPORT A SIGNIFICANT ACCELERATION OF OUR MATTHEW HOMES PROGRAM OVER THE NEXT 3 YEARS, ALLOWING US TO RAMP UP PROPERTY ACQUISITIONS, RENOVATIONS AND NEW CONSTRUCTION. MATTHEW HOMES NEW BUILDS ARE DESIGNED BY LEADING EXPERTS ON THE RENEW TEAM AND FEATURE FULL BASEMENTS, 3 BEDROOMS, 2 FULL BATHROOMS AND A 2 CAR GARAGE. RENEW HAS A SIGNIFICANT MATTHEW HOMES OUTREACH PROGRAM, ATTRACTING QUALITY AND EXPERT VOLUNTEERS FROM THE COMMUNITY, NEIGHBORING AREAS, CHURCHES AND BUSINESSES. THE MATTHEW HOMES TEAM ALSO WORKS CLOSELY WITH THE CITY OF NORTH CHICAGO STAFF, LOCAL CONTRACTORS AND THIRD-PARTY HOUSING ORGANIZATIONS IN THE ACCESS AND DEVELOPMENT OF VIABLE PROPERTIES. ADDITIONALLY, AFFORDABLE HOMES AND A QUALITY SCHOOL SYSTEM IS INTEGRAL TO RETAINING AND ATTRACTING ENGAGED FAMILIES IN THE COMMUNITY. THEREFORE, RENEW'S MATTHEW HOMES PROGRAM IS WORKING CLOSELY WITH THE SUPERINTENDENT OF SCHOOLS, WHO IS ACTIVELY ENGAGED IN DEVELOPING QUALITY PROGRAMS, ATTRACTING GREAT TEACHERS AND STAFF AND WORKING TO INSPIRE STUDENTS AND BUILD STRONG COMMUNITY RELATIONSHIPS.
COMMUNITY ENGAGEMENT - RENEW IS WORKING TO BUILD A SENSE OF COLLABORATION AND COMMUNITY. RENEW HAS COLLABORATED WITH THE CITY, PARK DISTRICT, SCHOOLS, LOCAL NON-PROFITS, CHURCHES, LOCAL BUSINESSES, THE CHAMBER OF COMMERCE FOR PROJECTS INCLUDING PAINTING HALLWAYS IN CITY HALL, CREATING MURALS FOR KIDS IN AFTER-SCHOOL PROGRAMS, ASSISTING AN ELDERLY COUPLE WITH A FLOODED BASEMENT, HOSTING NETWORKING BREAKFASTS WITH LOCAL LEADERS, LOTS OF VOLUNTEER HOURS, BUILDING A GAZEBO IN THE PARK, CLEARING TREES TO OPEN A VIEW TO LAKE MICHIGAN AND HOSTING A COMMUNITY PICNIC AT THE LOCAL PARK. IN ADDITION, CURRENT MATTHEW HOMES OWNERS CONTINUE TO BUILD COMMUNITY WITH NEIGHBORS AROUND THEIR HOMES AND WITH EACH OTHER. MANY OF THE MATTHEW HOMES OWNERS ARE SERVING AND CONTRIBUTING IN VARIOUS WAYS IN NORTH CHICAGO.
BUSINESS DEVELOPMENT - RENEW'S FOCUS IS HELPING EXISTING SMALL BUSINESSES GROW AND BY EXTENSION, PROVIDE JOBS. RENEW'S BUSINESS DEVELOPMENT AND JOBS TEAM OFFERS COMPLIMENTARY CONSULTING IN THE FOUR KEY AREAS OF FINANCE, MARKETING, HUMAN RESOURCES CONSULTING AND EXECUTIVE COACHING. THE TEAM ALSO WORKS WITH LOCAL SMALL BUSINESSES IN THE HOUSING TRADES WHILE OFFERING MENTORING IN HOW TO GROW THEIR BUSINESSES; MEETS REGULARLY WITH THE CITY OF NORTH CHICAGO STAFF, CHAMBER PRESIDENT AND ALDERMAN TO DISCOVER SMALL BUSINESSES TO ASSIST AND WORKS CLOSELY WITH YOUTHBUILD OF LAKE COUNTY AND THE NORTH CHICAGO HIGH SCHOOL TO MENTOR STUDENTS AND ASSIST IN SUMMER INTERNSHIPS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Woodruff Chairman | Trustee | 2 | $0 |
David Weil President | OfficerTrustee | 40 | $0 |
Kim Gates Secretary | OfficerTrustee | 4 | $0 |
Robert Smith Treasurer | OfficerTrustee | 4 | $0 |
Steve Alley Vice President | OfficerTrustee | 4 | $0 |
Marshall Reavis Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $241,584 |
Related organizations | $52,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $640,424 |
Noncash contributions included in lines 1a–1f | $30,053 |
Total Revenue from Contributions, Gifts, Grants & Similar | $934,008 |
Total Program Service Revenue | $0 |
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 | $131,204 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$118,896 |
Miscellaneous Revenue | $0 |
Total Revenue | $946,316 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $60,667 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $16,421 |
Payroll taxes | $4,641 |
Fees for services: Management | $11,300 |
Fees for services: Legal | $10,696 |
Fees for services: Accounting | $20,556 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $122,106 |
Advertising and promotion | $4,311 |
Office expenses | $5,693 |
Information technology | $5,233 |
Royalties | $0 |
Occupancy | $3,500 |
Travel | $1,662 |
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 | $7,490 |
Insurance | $6,581 |
All other expenses | $0 |
Total functional expenses | $302,228 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,591,903 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $63,833 |
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 | $1,852,729 |
Prepaid expenses and deferred charges | $9,998 |
Net Land, buildings, and equipment | $12,264 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,530,727 |
Accounts payable and accrued expenses | $61,534 |
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 | $61,534 |
Net assets without donor restrictions | $3,469,193 |
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 | $3,530,727 |