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Nonprofiteer
← RENEW COMMUNITIES NFP

Form 990 for tax year 2025

Filed by RENEW COMMUNITIES NFP.

Totals

Total revenue
$1,825,865
Total expenses
$1,111,964
Contributions and grants received
$2,309,879
Grants paid
$0
Program service revenue
$0
Investment income
$51,920
Other revenue
-$535,934
Total assets, end of year
$4,773,844
Total liabilities, end of year
$108,073
Net assets or fund balances, end of year
$4,665,771
Program services expenses (Part IX)
$896,246
Management and general expenses
$42,586
Fundraising expenses
$173,132
Program service expenses (Part III)
$896,246

Program services were 80.6% 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

    $738,098

  • 1d · Related organizations

    $55,000

  • 1f · All other contributions, gifts and grants

    $1,516,781

  • 1g · Noncash contributions included above

    $262,170

  • 3 · Investment income

    total $20,770 · excluded $20,770

  • 7a · Gross sales of assets other than inventory

    other assets $148,619

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

    other assets $117,469

  • 7c · Gain or loss

    other assets $31,150

  • 7d · Net gain or loss

    total $31,150 · excluded $31,150

  • 8a · Fundraising events: gross income

    $0

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

    $738,098

  • 8b · Fundraising events: direct expenses

    $176,705

  • 8c · Net income from fundraising events

    total -$176,705 · excluded -$176,705

  • 10a · Gross sales of inventory

    $1,090,000

  • 10b · Cost of goods sold

    $1,449,229

  • 10c · Net income from sales of inventory

    total -$359,229 · related or exempt -$359,229

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $8,000 · program services $6,320 · management and general $1,600 · fundraising $80

  • 7 · Other salaries and wages

    total $592,004 · program services $427,861 · management and general $6,444 · fundraising $157,699

  • 9 · Other employee benefits

    total $106,391 · program services $106,391

  • 10 · Payroll taxes

    total $68,640 · program services $68,640

  • 11b · Fees: legal

    total $2,248 · program services $2,248

  • 11c · Fees: accounting

    total $25,950 · program services $25,950

  • 11g · Fees: other

    total $17,621 · program services $17,621

  • 12 · Advertising and promotion

    total $31,774 · program services $19,064 · management and general $6,355 · fundraising $6,355

  • 13 · Office expenses

    total $20,655 · program services $20,655

  • 16 · Occupancy

    total $31,585 · program services $31,585

  • 17 · Travel

    total $5,388 · program services $5,388

  • 22 · Depreciation, depletion and amortization

    total $83,843 · program services $67,075 · management and general $8,384 · fundraising $8,384

  • 23 · Insurance

    total $25,131 · program services $5,942 · management and general $19,189

  • 24a · Other expenses: BUILDING SUPPLIES

    total $86,598 · program services $86,598

  • 24b · Other expenses: MEALS

    total $6,136 · program services $4,908 · management and general $614 · fundraising $614

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,575 · end of year $340,218

  • 4 · Accounts receivable

    beginning of year $535 · end of year $20,846

  • 8 · Inventories for sale or use

    beginning of year $2,694,979 · end of year $3,334,886

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,722 · end of year $2,049

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

    $439,201

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

    $43,764

  • 10c · Land, buildings and equipment, net

    beginning of year $37,400 · end of year $395,437

  • 11 · Investments: publicly traded securities

    beginning of year $638,176 · end of year $26,409

  • 15 · Other assets

    beginning of year $533,667 · end of year $653,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,184 · end of year $108,073

  • 27 · Net assets without donor restrictions

    beginning of year $3,951,870 · end of year $4,665,771

Mission and programs · 2025

Mission

RENEW'S MISSION IS TO REFLECT GOD'S LOVE FOR OUR UNDER RESOURCED NEIGHBORS BY COLLABORATING WITH COMMUNITY LEADERS AND RESIDENTS TO INCREASE AFFORDABLE HOME OWNERSHIP, ENRICH COMMUNITY LIFE AND GROW SMALL BUSINESSES WITH THE GOAL OF IGNITING A TIPPING POINT TOWARD REVITALIZATION.

Activities or mission (Part I)

TO INCREASE AFFORDABLE HOME OWNERSHIP IN UNDER RESOURCED COMMUNITIES.

  • 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 ATTAINABLE HOME OWNERSHIP FOR 300 FAMILIES AND ENCOURAGE FAMILY ENGAGEMENT IN THE NEIGHBORHOOD AND COMMUNITY. TO DATE, RENEW HAS FACILITATED THE PURCHASE AND COMPLETION OF OVER 30 MATTHEW HOMES (REHABS AND NEW CONSTRUCTION) AND WORK IS UNDERWAY ON 15 MORE. POSITIONING FOR GROWTH - RENEW IS WORKING DILIGENTLY TO REFINE PROCESSES AND IMPLEMENT AN OPERATING STRUCTURE THAT WILL SUPPORT A SIGNIFICANT ACCELERATION OF OUR MATTHEW HOMES PROGRAM OVER THE NEXT 3 YEARS, ALLOWING THE ORGANIZATION TO RAMP UP PROPERTY ACQUISITIONS, RENOVATIONS AND NEW CONSTRUCTION.RENEW'S NEWLY BUILT HOMES HAVE BEEN DESIGNED BY LEADING EXPERTS 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, AREA 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 ACQUISITION AND DEVELOPMENT OF VIABLE PROPERTIES. RENEW CONTINUES TO DEVELOP PARTNERSHIPS TO ASSIST IN WORKER SKILL DEVELOPMENT FOR COMMUNITY MEMBERS INTERESTED IN CONSTRUCTION EMPLOYMENT. RENEW'S PARTNERSHIP WITH A NON-PROFIT LICENSED HOME LENDING ORGANIZATION MAKES HOME OWNERSHIP ATTAINABLE BY PROVIDING COMPETITIVE LENDING TERMS FOR BORROWERS WHO MIGHT OTHERWISE HAVE LIMITED FINANCING OPTIONS.RENEW BELIEVES THAT PROVIDING FAMILIES WITH ACCESS TO AFFORDABLE HOMES COMBINED WITH A QUALITY SCHOOL SYSTEM IS INTEGRAL TO RETAINING AND ATTRACTING ENGAGED FAMILIES IN THE COMMUNITY. THEREFORE, LEADERS OF RENEW'S MATTHEW HOMES PROGRAM ARE 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.

    Expenses $896,246

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Woodruff

    CHAIRMAN

    Total calculated
    $256,386
    From this org
    $0
    From related orgs
    $167,034
    Other
    $89,352
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,634 related
    Bonus
    $0 + $400 related
    Other
    $0
    Deferred
    $0 + $9,345 related
    Nontaxable benefits
    $0 + $80,007 related
    Filer's total
    $0 + $256,386 related

  • David Weil

    PRESIDENT

    Total calculated
    $97,911
    From this org
    $8,000
    From related orgs
    $46,903
    Other
    $43,008
    Hours/week
    40

  • Eric Tienou

    DIRECTOR

    Total calculated
    $119,863
    From this org
    $0
    From related orgs
    $108,328
    Other
    $11,535
    Hours/week
    2 + 40 related

  • Rejean Morgan

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Garrett Dee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Dohnalek

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Janice Constantine

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Theodore Yi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Nervick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MATTHEW 514 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $0 · assets $30,502

    Directly controlled by RENEW COMMUNITIES NFP

  • MATTHEW 515 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $0 · assets $3,752

    Directly controlled by RENEW COMMUNITIES NFP

  • MATTHEW 516 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $415,350 · assets $2,697

    Directly controlled by RENEW COMMUNITIES NFP

  • MATTHEW 517 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $0 · assets $2,283

    Directly controlled by RENEW COMMUNITIES NFP

  • MATTHEW 518 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $463,038 · assets $328,216

    Directly controlled by RENEW COMMUNITIES NFP

  • MATTHEW 519 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $42,361 · assets $1,004,542

    Directly controlled by RENEW COMMUNITIES NFP

  • MATTHEW 520 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $238,985 · assets $1,081,790

    Directly controlled by RENEW COMMUNITIES NFP

  • MATTHEW 521 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $0 · assets $564,483

    Directly controlled by RENEW COMMUNITIES NFP

  • MATTHEW 522 LLC

    PROPERTY PURCHASE AND REHAB · IL · income $0 · assets $104,228

    Directly controlled by RENEW COMMUNITIES NFP

Provenance

Return type
form_990
Tax year
2025
Filed
15 September 2026
IRS schema version
2025v4.2
Source object
202602599349300630

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