Totals
- Total revenue
- $946,316
- Total expenses
- $302,228
- Contributions and grants received
- $934,008
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $12,308
- Total assets, end of year
- $3,530,727
- Total liabilities, end of year
- $61,534
- Net assets or fund balances, end of year
- $3,469,193
- Program services expenses (Part IX)
- $243,896
- Management and general expenses
- $49,300
- Fundraising expenses
- $9,032
- Program service expenses (Part III)
- $243,896
Program services were 80.7% 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
$241,584
-
1d · Related organizations
$52,000
-
1f · All other contributions, gifts and grants
$640,424
-
1g · Noncash contributions included above
$30,053
-
8a · Fundraising events: gross income
$252,854
-
8a · Fundraising events: contributions included on line 1c
$241,584
-
8b · Fundraising events: direct expenses
$121,650
-
8c · Net income from fundraising events
total $131,204 · excluded $131,204
-
10a · Gross sales of inventory
$325,000
-
10b · Cost of goods sold
$443,896
-
10c · Net income from sales of inventory
total -$118,896 · related or exempt -$118,896
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $60,667 · program services $51,647 · management and general $4,510 · fundraising $4,510
-
9 · Other employee benefits
total $16,421 · program services $16,421
-
10 · Payroll taxes
total $4,641 · program services $4,641
-
11a · Fees: management
total $11,300 · program services $9,220 · management and general $1,040 · fundraising $1,040
-
11b · Fees: legal
total $10,696 · program services $10,696
-
11c · Fees: accounting
total $20,556 · management and general $20,556
-
11g · Fees: other
total $122,106 · program services $110,604 · management and general $11,502
-
12 · Advertising and promotion
total $4,311 · program services $4,311
-
13 · Office expenses
total $5,693 · program services $2,638 · management and general $3,055
-
14 · Information technology
total $5,233 · program services $860 · management and general $4,373
-
16 · Occupancy
total $3,500 · program services $3,500
-
17 · Travel
total $1,662 · program services $1,662
-
22 · Depreciation, depletion and amortization
total $7,490 · program services $7,490
-
23 · Insurance
total $6,581 · program services $3,149 · management and general $3,432
-
24a · Other expenses: BUILDING SUPPLIES
total $16,609 · program services $16,609
-
24b · Other expenses: MEALS
total $4,762 · program services $448 · management and general $832 · fundraising $3,482
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,572,119 · end of year $1,591,903
-
3 · Pledges and grants receivable
beginning of year $243,957 · end of year $63,833
-
8 · Inventories for sale or use
beginning of year $1,022,382 · end of year $1,852,729
-
9 · Prepaid expenses and deferred charges
end of year $9,998
-
10a · Land, buildings and equipment: cost or other basis
$18,343
-
10b · Land, buildings and equipment: accumulated depreciation
$6,079
-
10c · Land, buildings and equipment, net
beginning of year $3,875 · end of year $12,264
-
17 · Accounts payable and accrued expenses
beginning of year $17,228 · end of year $61,534
-
27 · Net assets without donor restrictions
beginning of year $2,825,105 · end of year $3,469,193
Mission and programs · 2022
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 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.
Expenses $24,099
-
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.
Expenses $182,393
-
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.
Expenses $37,404
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael WoodruffMICHAEL WOODRUFF
CHAIRMAN
- Total calculated
- $238,253
- From this org
- $0
- From related orgs
- $152,757
- Other
- $85,496
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $152,757 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $8,191 related
- Nontaxable benefits
- $0 + $77,305 related
- Filer's total
- $0 + $238,253 related
-
David WeilDAVID WEIL
PRESIDENT
- Total calculated
- $109,119
- From this org
- $0
- From related orgs
- $66,412
- Other
- $42,707
- Hours/week
- 40
-
Kim GatesKIM GATES
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Robert SmithROBERT SMITH
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Steve AlleySTEVE ALLEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Marshall ReavisMARSHALL REAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric TienouERIC TIENOU
DIRECTOR
- Total calculated
- $108,970
- From this org
- $0
- From related orgs
- $99,778
- Other
- $9,192
- Hours/week
- 2 + 40 related
-
Rejean MorganREJEAN MORGAN
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
None.
Answered no
- 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.
-
501C3 · RELIGIOUS CHURCH · IL
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 -$131,399 · assets $255,897
Directly controlled by RENEW COMMUNITIES NFP
-
MATTHEW 515 LLC
PROPERTY PURCHASE AND REHAB · IL · income -$12,645 · assets $408,820
Directly controlled by RENEW COMMUNITIES NFP
-
MATTHEW 516 LLC
PROPERTY PURCHASE AND REHAB · IL · income -$3,749 · assets $179,615
Directly controlled by RENEW COMMUNITIES NFP
-
MATTHEW 517 LLC
PROPERTY PURCHASE AND REHAB · IL · income -$4,388 · assets $44,107
Directly controlled by RENEW COMMUNITIES NFP
-
MATTHEW 518 LLC
PROPERTY PURCHASE AND REHAB · IL · income -$153
Directly controlled by RENEW COMMUNITIES NFP
-
MATTHEW 519 LLC
PROPERTY PURCHASE AND REHAB · IL · income -$153
Directly controlled by RENEW COMMUNITIES NFP
-
MATTHEW 520 LLC
PROPERTY PURCHASE AND REHAB · IL · income -$153
Directly controlled by RENEW COMMUNITIES NFP
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322699349300317
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