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Nonprofiteer
← FOUNDATION FOR HOMAN SQUARE

Form 990 for tax year 2024

Filed by FOUNDATION FOR HOMAN SQUARE.

Totals

Total revenue
$1,628,839
Total expenses
$2,928,078
Contributions and grants received
$239,400
Grants paid
$1,236
Program service revenue
$1,316,023
Investment income
$8,920
Other revenue
$64,496
Total assets, end of year
$52,614,674
Total liabilities, end of year
$4,109,548
Net assets or fund balances, end of year
$48,505,126
Program services expenses (Part IX)
$2,425,450
Management and general expenses
$502,628
Fundraising expenses
$0
Program service expenses (Part III)
$2,425,450

Program services were 82.8% 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.

  • 1a · Federated campaigns

    $5,375

  • 1f · All other contributions, gifts and grants

    $234,025

  • 2a · Program service revenue: RENT

    total $770,952 · related or exempt $770,952

  • 2b · Program service revenue: RENTAL INCOME

    total $545,071 · related or exempt $545,071

  • 3 · Investment income

    total $8,920 · excluded $8,920

  • 11a · Other revenue: ASSET MANAGEMENT FEE

    total $50,166 · related or exempt $50,166

  • 11b · Other revenue: MANAGEMENT FEES

    total $14,330 · related or exempt $14,330

  • 11e · Other revenue, total

    $64,496

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,236 · program services $1,236

  • 11a · Fees: management

    total $762,455 · program services $426,605 · management and general $335,850

  • 11b · Fees: legal

    total $12,575 · management and general $12,575

  • 11c · Fees: accounting

    total $56,650 · management and general $56,650

  • 11g · Fees: other

    total $1,250 · management and general $1,250

  • 13 · Office expenses

    total $96,303 · management and general $96,303

  • 16 · Occupancy

    total $107,877 · program services $107,877

  • 20 · Interest

    total $14,700 · program services $14,700

  • 22 · Depreciation, depletion and amortization

    total $1,295,052 · program services $1,295,052

  • 23 · Insurance

    total $64,523 · program services $64,523

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $433,472 · program services $433,472

  • 24b · Other expenses: LOSS ON INVESTMENT IN S

    total $81,985 · program services $81,985

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $953,910 · end of year $894,643

  • 4 · Accounts receivable

    beginning of year $82,025 · end of year $21,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,495,490 · end of year $3,583,477

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

    $44,290,030

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

    $15,352,711

  • 10c · Land, buildings and equipment, net

    beginning of year $30,194,148 · end of year $28,937,319

  • 11 · Investments: publicly traded securities

    beginning of year $818,823 · end of year $898,534

  • 12 · Investments: other securities

    beginning of year $14,201,131 · end of year $14,119,146

  • 15 · Other assets

    beginning of year $4,145,871 · end of year $4,160,030

  • 17 · Accounts payable and accrued expenses

    beginning of year $299,223 · end of year $240,468

  • 19 · Deferred revenue

    beginning of year $2,330

  • 24 · Unsecured notes and loans payable

    beginning of year $630,643 · end of year $2,665,316

  • 25 · Other liabilities

    beginning of year $1,243,310 · end of year $1,203,764

  • 27 · Net assets without donor restrictions

    beginning of year $43,845,112 · end of year $42,229,199

  • 28 · Net assets with donor restrictions

    beginning of year $5,870,780 · end of year $6,275,927

Mission and programs · 2024

Mission

FACILITATE, ENCOURAGE AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOME OWNERSHIP, COMMUNITY REDEVELOPMENT AND OTHER CHARITABLE ACTIVITIES

Activities or mission (Part I)

FACILITATE, ENCOURAGE, AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOMEOWNERSHIP, COMMUNITY REDEVELOPMENT, AND OTHER CHARITABLE ACTIVITIES.

  • FACILITATE, ENCOURAGE AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOME OWNERSHIP, COMMUNITY REDEVELOPMENT AND OTHER CHARITABLE ACTIVITIES

    Expenses $2,425,450 · Grants $1,236 · Revenue $1,380,519

As filed on the 2024 return.

Listed in Part VII

  • Brenda Palms Barber

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Halbert

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Olson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rodney Jones-Tyson

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sheila McNary

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Shields

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

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.

  • HOMAN ARTHINGTON INVESTOR LLC

    INVESTMENT · IL · income $0 · assets $0

    Directly controlled by FOUNDATION FOR HOMAN SQUARE

  • HOMAN ARTHINGTON INVESTOR PHASE IV LLC

    INVESTMENT · IL · income $0 · assets $0

    Directly controlled by FOUNDATION FOR HOMAN SQUARE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WEST SIDE VILLAGE PHASE I LP

    RE OPERATION · IL

  • WEST SIDE VILLAGE PHASE V LP

    RE OPERATION · IL

  • WEST SIDE VILLAGE PHASE IV LP

    RE OPERATION · IL

  • WEST SIDE VILLAGE VI LP

    RE OPERATION · IL

  • WEST SIDE VILLAGE VI GP LLC

    RE OPERATION · IL

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HOMAN ARTHINGTON HOUSING INC

    S · PROPERTY MGMT · IL · 100% owned · share of income $1,175,009 · share of assets $14,046,698

    Directly controlled by FDNHOMAN SQ

  • HOMAN TOWER MM NFP

    C · PROPERTY MGMT · IL · 100% owned · share of income $1,145,641 · share of assets $14,304,651

    Directly controlled by FDNHOMAN SQ

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202523019349301662

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