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← HOUSING OPPORTUNITIES & MAINTENANCE FOR THE ELDERLY INC

Form 990 for tax year 2022

Filed by HOUSING OPPORTUNITIES & MAINTENANCE FOR THE ELDERLY INC.

Totals

Total revenue
$2,286,724
Total expenses
$2,345,772
Contributions and grants received
$1,464,404
Grants paid
$0
Program service revenue
$762,001
Investment income
$72,266
Other revenue
-$11,947
Total assets, end of year
$6,489,511
Total liabilities, end of year
$3,092,540
Net assets or fund balances, end of year
$3,396,971
Program services expenses (Part IX)
$1,847,711
Management and general expenses
$259,177
Fundraising expenses
$238,884
Program service expenses (Part III)
$1,847,711

Program services were 78.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $97,658

  • 1e · Government grants (contributions)

    $331,469

  • 1f · All other contributions, gifts and grants

    $1,035,277

  • 2a · Program service revenue: RENT FROM INTERGENERAT

    total $687,331 · related or exempt $687,331

  • 2b · Program service revenue: SHOPPING BUS REVENUE

    total $54,690 · related or exempt $54,690

  • 2c · Program service revenue: UPKEEP/MOVING

    total $16,980 · related or exempt $16,980

  • 2d · Program service revenue: SERVICE FEES

    total $3,000 · related or exempt $3,000

  • 3 · Investment income

    total $70,038 · excluded $70,038

  • 7a · Gross sales of assets other than inventory

    securities $588,293

  • 7b · Less cost or other basis and sales expenses

    securities $586,065

  • 7c · Gain or loss

    securities $2,228

  • 7d · Net gain or loss

    total $2,228 · excluded $2,228

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $97,658

  • 8b · Fundraising events: direct expenses

    $14,389

  • 8c · Net income from fundraising events

    total -$14,389 · excluded -$14,389

  • 11a · Other revenue: OTHER INCOME

    total $2,442 · related or exempt $2,442

  • 11e · Other revenue, total

    $2,442

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $108,041 · program services $57,262 · management and general $27,011 · fundraising $23,768

  • 7 · Other salaries and wages

    total $899,049 · program services $760,627 · fundraising $138,422

  • 8 · Pension plan contributions

    total $11,880 · program services $10,398 · fundraising $1,482

  • 9 · Other employee benefits

    total $63,260 · program services $43,446 · management and general $14,770 · fundraising $5,044

  • 10 · Payroll taxes

    total $69,099 · program services $57,155 · management and general $1,399 · fundraising $10,545

  • 11b · Fees: legal

    total $162 · management and general $162

  • 11c · Fees: accounting

    total $156,874 · management and general $156,874

  • 11e · Fees: professional fundraising services

    total $20,837 · fundraising $20,837

  • 11f · Fees: investment management

    total $2,640 · management and general $2,640

  • 11g · Fees: other

    total $133,333 · program services $125,756 · management and general $7,577

  • 12 · Advertising and promotion

    total $5,389 · fundraising $5,389

  • 13 · Office expenses

    total $51,644 · program services $28,854 · management and general $9,158 · fundraising $13,632

  • 14 · Information technology

    total $16,100 · management and general $16,100

  • 16 · Occupancy

    total $238,829 · program services $211,249 · management and general $13,614 · fundraising $13,966

  • 17 · Travel

    total $76,700 · program services $76,575 · management and general $61 · fundraising $64

  • 19 · Conferences, conventions and meetings

    total $1,094 · program services $1,094

  • 22 · Depreciation, depletion and amortization

    total $224,090 · program services $224,090

  • 23 · Insurance

    total $89,358 · program services $83,569 · management and general $1,494 · fundraising $4,295

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $83,708 · program services $83,412 · management and general $60 · fundraising $236

  • 24b · Other expenses: RESIDENTIAL SERVICES

    total $71,166 · program services $71,127 · management and general $39

  • 24e · All other expenses

    total $22,519 · program services $13,097 · management and general $8,218 · fundraising $1,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $94,334 · end of year $128,736

  • 2 · Savings and temporary cash investments

    beginning of year $20,078 · end of year $16,217

  • 3 · Pledges and grants receivable

    beginning of year $159,050 · end of year $55,000

  • 4 · Accounts receivable

    beginning of year $44,520 · end of year $93,884

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,406 · end of year $9,541

  • 10a · Land, buildings and equipment: cost or other basis

    $8,070,964

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,780,953

  • 10c · Land, buildings and equipment, net

    beginning of year $3,340,450 · end of year $3,290,011

  • 11 · Investments: publicly traded securities

    beginning of year $2,419,958 · end of year $2,592,205

  • 15 · Other assets

    beginning of year $42,826 · end of year $303,917

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,114 · end of year $116,289

  • 23 · Secured mortgages and notes payable

    beginning of year $2,716,853 · end of year $2,708,603

  • 25 · Other liabilities

    beginning of year $0 · end of year $267,648

  • 27 · Net assets without donor restrictions

    beginning of year $3,134,077 · end of year $3,282,957

  • 28 · Net assets with donor restrictions

    beginning of year $195,578 · end of year $114,014

Mission and programs · 2022

Mission

COMMITTED TO IMPROVING THE QUALITY OF LIFE FOR CHICAGO'S LOW-INCOME ELDERLY, HOUSING OPPORTUNITIES AND MAINTENANCE FOR THE ELDERLY (H.O.M.E.) HELPS SENIORS REMAIN INDEPENDENT AND PART OF THEIR COMMUNITY BY OFFERING OPPORTUNITIES FOR INTERGENERATIONAL LIVING AND BY PROVIDING A VARIETY OF CITYWIDE SUPPORT SERVICES.

Activities or mission (Part I)

H.O.M.E. HELPS CHICAGO'S LOW-INCOME OLDER ADULTS TO LIVE INDEPENDENT AND SOCIALLY ENGAGED LIVES BY PROVIDING INTERGENERATIONAL HOUSING, HOME REPAIR SERVICES, A SHOPPING BUS, MOVING ASSISTANCE, AND CARING VOLUNTEERS.

  • INTERGENERATIONAL HOUSING: H.O.M.E. OWNS AND MANAGES 78 APARTMENTS IN THREE AFFORDABLE INTERGENERATIONAL BUILDINGS WHERE SENIORS CHOOSE BETWEEN PRIVATE APARTMENTS OR, FOR THOSE WHO DESIRE MORE SUPPORT AND A FAMILY-LIKE SETTING, COMMUNAL LIVING RESIDENCES WITH PRIVATE ROOMS. ALL SENIORS HAVE ACCESS TO SOCIAL SERVICES AND ENGAGEMENT OPPORTUNITIES, WITH FAMILIES WITH CHILDREN AND YOUNG ADULTS LIVING ALONGSIDE OLDER ADULTS. H.O.M.E.'S OVERALL GOAL WITH ITS INTERGENERATIONAL HOUSING IS TO OWN AND MANAGE HOUSING FOR SENIORS WITH LOW INCOMES IN CHICAGO IN AN INCLUSIVE SETTING THAT CENTERS CONNECTION AND INTERGENERATIONAL COMMUNITY-BUILDING. H.O.M.E. PAUSED ALL MOVES INTO ITS BUILDINGS LAST YEAR DUE TO THE PANDEMIC. THE FISCAL YEAR ENDED WITH SEVEN VACANCIES OUT OF 78 TOTAL UNITS, OR 90% OCCUPANCY.

    Expenses $1,178,256 · Revenue $687,331

  • UPKEEP AND REPAIR PROGRAM: H.O.M.E.'S THREE FULL-TIME HOME REPAIR SPECIALISTS ENSURE THAT SENIOR HOMEOWNERS LIVE IN HEALTHY AND SAFE CONDITIONS BY CONDUCTING ELECTRICAL, PLUMBING, AND CARPENTRY REPAIRS IN HISTORICALLY DISINVESTED NEIGHBORHOODS IN CHICAGO. THESE COMMUNITIES ON THE SOUTH AND WEST SIDES HAVE SUFFERED FROM NEGLECT OF HOUSING STOCK AND UTILITIES BY THE CITY, AND OFTEN REQUIRE MULTIPLE INTENSIVE REPAIRS. SENIOR HOMEOWNERS PAY A $25 SERVICE FEE, SIGNIFICANTLY LOWER THAN OTHER SERVICE PROVIDERS, AND THE REPAIRS ALLOW SENIORS AGE SAFELY IN THEIR OWN HOMES. HOME REPAIR SPECIALISTS COMPLETED 685 REPAIRS IN 63 HOMES.

    Expenses $394,984 · Revenue $16,980

  • SHOPPING BUS: H.O.M.E.'S SHOPPING BUS PROGRAM FACILITATES TRANSPORTATION TO GROCERY STORES AND OFFERS SENIORS ASSISTANCE WITH UNLOADING SHOPPING ITEMS. H.O.M.E. PARTNERS WITH SENIOR HOUSING BUILDINGS ACROSS CHICAGO TO PROVIDE ROUNDTRIP SERVICES FOR SENIORS WITHOUT REGULAR, RELIABLE ACCESS TO FOOD AND ESSENTIAL SUPPLIES. THE BUS TRIP IS ALSO A SOCIAL EVENT. H.O.M.E. PROVIDED SHOPPING TRIPS TO 2,449 PEOPLE IN 31 BUILDINGS.

    Expenses $138,082 · Revenue $54,690

  • VOLUNTEER ENGAGEMENT: AT H.O.M.E.'S PAT CROWLEY HOUSE AND NATHALIE SALMON HOUSE GOOD LIFE RESIDENCES, VOLUNTEERS COOK ON WEEKENDS, FACILITATE SOCIAL ACTIVITIES, AND HELP WITH OCCASIONAL PROJECTS LIKE SEASONAL GARDENING.MOVING PROGRAM: THE MOVING PROGRAM HELPS SENIORS LIVE IN SAFE, STABLE HOUSING AS THEY AGE BY PROVIDING AN AFFORDABLE MOVING ASSISTANCE SERVICE IN COLLABORATION WITH COMMERCIAL MOVING COMPANIES. H.O.M.E.'S MOVING COORDINATOR SCHEDULES THE MOVE AND SUPPORTS SENIORS BEFORE, DURING, AND AFTER. AS A TRAINED CASE MANAGER, SHE ACTS AS A LIAISON BETWEEN SENIORS AND VETTED MOVING COMPANIES TO PROVIDE A PHYSICALLY AND EMOTIONALLY SAFE, AFFORDABLE MOVING EXPERIENCE. ALL SENIORS PAY A $25 SERVICE FEE AND, USING AN INCOME-BASED SLIDING SCALE, PAY FOR A PORTION OF THE MOVING COSTS. H.O.M.E. PROVIDED 52 MOVES.ADVOCACY AND NEIGHBORHOOD ENGAGEMENT: H.O.M.E. LAUNCHED A COMMUNITY ADVISORY COUNCIL OF SENIORS SERVED BY H.O.M.E. THROUGH ITS HOUSING AND COMMUNITY PROGRAMS WHOSE GOAL IS TO ADVISE THE BOARD AND STAFF ON PROGRAM DIRECTION, AND TO PROMOTE H.O.M.E.'S PROGRAMS AND MISSION. H.O.M.E. ALSO BEGAN WORKING WITH OTHER AGENCIES AND RESEARCHERS TO ADVOCATE FOR INCREASED HOME REPAIR RESOURCES FOR LOW-INCOME OLDER HOMEOWNERS.

    Expenses $136,389 · Revenue $5,442

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ramya Ramanath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Celeste King

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brad Winick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie Philpott

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joel Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Taylor Overstreet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Seymour Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Yedinak

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shreyas Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christian Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Britta Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Moy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Betty Akins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philister Lukacevic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brittany Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Beth Irvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gail Schechter

    EXECUTIVE DIRECTOR

    Total calculated
    $111,034
    From this org
    $90,819
    From related orgs
    $0
    Other
    $20,215
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
28 May 2024
IRS schema version
2022v5.0
Source object
202421499349300842

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