Form 990 for tax year 2022

Totals

Total revenue

$3,836,837

Total expenses

$3,723,274

Contributions and grants received

$2,973,874

Grants paid

$0

Program service revenue

$0

Investment income

$778,889

Other revenue

$84,074

Total assets, end of year

$11,481,498

Total liabilities, end of year

$873,935

Net assets or fund balances, end of year

$10,607,563

Program services expenses (Part IX)

$2,978,995

Management and general expenses

$266,859

Fundraising expenses

$477,420

Program service expenses (Part III)

$2,978,995

Program services were 80.0% 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.

Mission and programs · 2022

• HOUSING/COMMUNITY DEVELOPMENT - IMPACT FOR EQUITY HAS BEEN DEEPLY COMMITTED TO HOUSING AND COMMUNITY DEVELOPMENT FOR OVER FIFTY YEARS. OUR LEGAL AND POLICY ADVOCACY FOCUSES ON REMOVING BARRIERS AND PROMOTING AUTHENTIC HOUSING CHOICES ACROSS THE CHICAGO REGION, INCLUDING FOR FAMILIES USING SUBSIDIZED HOUSING RESOURCES OR IN NEED OF AFFORDABLE HOUSING. WE ARE EXPANDING CHOICE AND ACCESS TO PUBLIC AND AFFORDABLE HOUSING AND PROMOTING NEIGHBORHOODS WITH THOSE RESOURCES. OUR HOUSING WORK INCLUDES A FOCUS ON PUBLIC HOUSING IN CHICAGO, A COUNTY-WIDE ECONOMIC MOBILITY PROGRAM IN CHICAGO AND COOK COUNTY, AND EFFORTS TO EXPAND AFFORDABLE HOUSING IN THE CHICAGO METROPOLITAN REGION.

  Expenses $1,943,330

• CRIMINAL LEGAL SYSTEMS AND JUSTICE REFORM - OUR CRIMINAL LEGAL SYSTEMS PROGRAM SEEKS TO INCREASE PUBLIC SAFETY AND PROMOTE RACIAL JUSTICE. WE ARE WORKING TO ENACT SYSTEMIC POLICE REFORMS, INCLUDING BY STRENGTHENING THE POLICE ACCOUNTABILITY SYSTEM, PROMOTING COMMUNITY SAFETY, IMPROVING POLICE PRACTICES, REIMAGINING THE ROLES THAT POLICE DEPARTMENTS AND OTHER ENTITIES PLAY IN PRODUCING PUBLIC SAFETY, AND TRANSFORMING THE RELATIONSHIP BETWEEN THE POLICE DEPARTMENT AND THE COMMUNITIES IT SERVES. IN ALL OUR WORK, WE ARE COMMITTED TO ENSURING THAT THOSE MOST DIRECTLY AFFECTED BY THE REFORMS PLAY AN ACTIVE ROLE IN DEVELOPING THEM.

  Expenses $816,148

• EDUCATION/EARLY LEARNING - FOR TWO DECADES, IMPACT FOR EQUITY HAS HELPED IMPROVE THE QUALITY OF PUBLIC EDUCATION FOR CHICAGO CHILDREN, PARTICULARLY THOSE LIVING IN LOW-INCOME COMMUNITIES. OVER THE YEARS, OUR WORK HAS RUN THE GAMUT. FROM WAGING A CONSTITUTIONAL CHALLENGE TO FIX THE UNFAIR SCHOOL FUNDING SYSTEM OF ILLINOIS TO SPONSORING FORUMS FOR EDUCATIONAL LEADERS AND POLICYMAKERS, TO FACILITATING JOINT PLANNING AND COOPERATION BETWEEN CHICAGO PUBLIC SCHOOLS AND THE CHICAGO HOUSING AUTHORITY, TO PARTNERING WITH SCHOOLS AND COMMUNITY STAKEHOLDERS TO ENSURE CHILDREN IN HIGH-POVERTY NEIGHBORHOODS RECEIVE EQUITABLE LEARNING OPPORTUNITIES. TODAY, THE EARLY LEARNING EFFORTS OF IMPACT FOR EQUITY ARE FOCUSED ON THE COMMUNITY OF ALTGELD-RIVERDALE, HOME TO ALTGELD GARDENS, THE LARGEST COMMUNITY OF PUBLIC HOUSING RESIDENTS IN CHICAGO. IN 2012, IMPACT FOR EQUITY LAUNCHED THE ALTGELD-RIVERDALE EARLY LEARNING INITIATIVE. THIS PARTNERSHIP OF MORE THAN TWO DOZEN ORGANIZATIONS FOCUSES ON BUILDING A COMPREHENSIVE SYSTEM TO SUPPORT CHILDREN FROM BIRTH TO AGE EIGHT AND THEIR FAMILIES IN THIS COMMUNITY.

  Expenses $219,517

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

Provenance

Return type

form_990

Tax year

2022

Filed

29 August 2023

IRS schema version

2022v5.0

Source object

202332559349301243

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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