Civic Intelligence

Waukegan Housing Development Corp

EIN 26-4250356 • 501(c)3 • Waukegan, IL

Profile

To provide affordable housing to lower income indvivduals and families

1707 N McAree RdWaukegan, IL 60085

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

46th percentile

0.01x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

31st percentile

-4.3%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

67th percentile

$48,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 37.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

5th percentile

-57%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$548,755

Up $54,509 (+11%) from 2024

Liabilities

Up

$1,136

Up $1,136 from 2024

Net Assets

Up

$547,619

Up $53,373 (+11%) from 2024

Revenue

Down

$127,873

Down $166,432 (-57%) from 2024

Expenses

Down

$133,397

Down $210,815 (-61%) from 2024

Net Income

Up

-$5,524

Up $44,383 (+89%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $404,949Liabilities 2022: $1,016Net Assets 2022: $403,9332022Assets 2023: $544,553Liabilities 2023: $627Net Assets 2023: $543,9262023Assets 2024: $494,246Liabilities 2024: $0Net Assets 2024: $494,2462024Assets 2025: $548,755Liabilities 2025: $1,136Net Assets 2025: $547,6192025

Highlighted filing

2025

Assets$548,755
Liabilities$1,136
Net Assets$547,619

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $505,599Expenses 2021: $134,020Net Income 2021: $371,5792021Revenue 2022: $0Expenses 2022: $22,832Net Income 2022: -$22,8322022Revenue 2023: $268,022Expenses 2023: $128,938Net Income 2023: $139,0842023Revenue 2024: $294,305Expenses 2024: $344,212Net Income 2024: -$49,9072024Revenue 2025: $127,873Expenses 2025: $133,397Net Income 2025: -$5,5242025

Highlighted filing

2025

Revenue$127,873
Expenses$133,397
Net Income-$5,524

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 18, 2026
Return Version
2025v4.0
Gross Receipts
$127,873
Mission and Program Overview

Mission

To provide affordable housing to lower income indvivduals and families

To provide affordable housing for low income individuals and families

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$494,246$548,335▲ $54,089
Rtn Earn Endowment Incm Other Fnds$494,246$547,619▲ $53,373
Total Assets$494,246$548,755▲ $54,509
Other Assets Total-$420-
Liabilities
Other Liabilities-$1,136-
Total Liabilities$0$1,136▲ $1,136
Net Assets / Fund Balance
Total Net Assets Fund Balance$494,246$547,619▲ $53,373
Total Liabilities and Net Assets / Fund Balance$494,246$548,755▲ $54,509
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles J Chambers JrCEOFT$48,000$48,000
Revenue and Support

Revenue Composition

Contributions and Grants
$127,873
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$127,873
Change in Net Assets
$-5,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,897
Salaries, Compensation, and Employee Benefits$53,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$48,000-$48,000
Other Expenses-$12,500-$12,500
Fees for Services Accounting-$10,250-$10,250
Payroll Taxes-$4,717-$4,717
Fees for Services Legal-$3,020-$3,020
All Other Expenses-$2,507-$2,507
Office Expenses-$2,472-$2,472
Other Salaries and Wages-$783-$783
Total Functional Expenses$0$133,397$0$133,397
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll taxes$1,136
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

A copy of the 990 is provided to the officiers prior to filing

Part VI Line 19

All documents are available upon written request

Filing and Contact Details

Filer

Filer Name
Waukegan Housing Development Corp
EIN
26-4250356
In Care Of
% Charles J Chambers
Phone
8472448500
Address
1707 N McAree Rd, Waukegan, IL 60085

Signing Officer

Name
Charles J Chambers
Title
CEO
Phone
8474150931
Signed
2026-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles J Chambers Mr
Formed
2008
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
JPA Bookkeeping & Tax Service
Address
916 E Garfield Street, Waterman, IL 60556
Preparer
Joanne Andreou
Phone
8156872099
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