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Nonprofiteer
← RENEW COMMUNITIES NFP

Form 990 for tax year 2022

Filed by RENEW COMMUNITIES NFP.

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 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 Weil

    PRESIDENT

    Total calculated
    $109,119
    From this org
    $0
    From related orgs
    $66,412
    Other
    $42,707
    Hours/week
    40
  • Kim Gates

    SECRETARY

    Total calculated
    $0
    Hours/week
    4
  • Robert Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Steve Alley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Marshall Reavis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Eric Tienou

    DIRECTOR

    Total calculated
    $108,970
    From this org
    $0
    From related orgs
    $99,778
    Other
    $9,192
    Hours/week
    2 + 40 related
  • Rejean 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.

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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