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← HOMESERVICES FOUNDATION FOR HOUSING EQUITY

Form 990 for tax year 2024

Filed by HOMESERVICES FOUNDATION FOR HOUSING EQUITY.

Totals

Total revenue
$8,680
Total expenses
$120,170
Contributions and grants received
$8,680
Grants paid
$115,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$165,093
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$165,093
Program services expenses (Part IX)
$115,000
Management and general expenses
$5,170
Fundraising expenses
$0
Program service expenses (Part III)
$115,000

Program services were 95.7% 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.

  • 1f · All other contributions, gifts and grants

    $8,680

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,000 · program services $115,000

  • 11c · Fees: accounting

    total $2,200 · management and general $2,200

  • 24a · Other expenses: BANK FEES

    total $2,970 · management and general $2,970

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,583 · end of year $165,093

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $276,583 · end of year $165,093

Mission and programs · 2024

Mission

INCREASING HOMEOWNSHIP AND GENERATIONAL WEALTH FOR PEOPLE OF COLOR THROUGH EDUCATION, INVESTING IN PEOPLE, FINANCIAL ASSISTANCE AND COMMUNITY REINVESTMENT.

Activities or mission (Part I)

TO EMPOWER COMMUNITIES OF COLOR BY INCREASING HOMEOWNERSHIP, BUILDING GENERATIONAL WEALTH, AND FOSTERING ECONOMIC EQUITY THROUGH EDUCATION, FINANCIAL ASSISTANCE, AND COMMUNITY REINVESTMENT.

  • THE GOAL OF THE FOUNDATION IS TO BRING AWARENESS TO INEQUITIES IN REAL ESTATE. THE FOUNDATION IS HELPING BACK THE SHORT SERIES "SHAME OF CHICAGO", WHICH GOES OVER THE HISTORICAL SEGREGATION IN CHICAGO AND HOW OTHER CITIES COPIED THEIR TACTICS.

    Expenses $115,000 · Grants $115,000

As filed on the 2024 return.

Listed in Part VII

  • Fabian Gayosso

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • April Alexander

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2.5

  • Gretchen Rosenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • Teresa Palacios Smith

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2.5

  • Cory Abrahamson

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • Herb Cohn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • Ashoo Sharma

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

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

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202513099349300411

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