Civic Intelligence

Options for Housing Inc

990 • Fiscal year 2016 • EIN 36-3580405

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 02, 2016

721 N Lasalle StreetChicago, IL 60654

(312) 655-7000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

2.19x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

2.87x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$239,156

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

16th percentile

-7.7%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

-0.2%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,825,889

Down $151,403 (-7.7%) from 2015

Net Assets

Down

-$2,180,143

Down $349,829 (-19%) from 2015

Liabilities

Up

$4,006,032

Up $198,426 (+5.2%) from 2015

Revenue

Down

$1,394,043

Down $3,216 (-0.2%) from 2015

Expenses

Down

$1,743,872

Down $95,240 (-5.2%) from 2015

Net Income

Up

-$349,829

Up $92,024 (+21%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$5.0M$0-$5.0MAssets 2011: $2,393,186Liabilities 2011: $2,488,398Net Assets 2011: -$95,2122011Assets 2012: $1,946,513Liabilities 2012: $2,473,725Net Assets 2012: -$527,2122012Assets 2013: $1,979,878Liabilities 2013: $2,894,115Net Assets 2013: -$914,2372013Assets 2015: $1,977,292Liabilities 2015: $3,807,606Net Assets 2015: -$1,830,3142015Assets 2016: $1,825,889Liabilities 2016: $4,006,032Net Assets 2016: -$2,180,1432016Assets 2017: $600,818Liabilities 2017: $4,566,527Net Assets 2017: -$3,965,7092017Assets 2018: $685,841Liabilities 2018: $4,367,146Net Assets 2018: -$3,681,3052018Assets 2019: $590,642Liabilities 2019: $4,602,357Net Assets 2019: -$4,011,7152019Assets 2020: $624,734Liabilities 2020: $4,158,989Net Assets 2020: -$3,534,2552020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2016

Assets$1,825,889
Liabilities$4,006,032
Net Assets-$2,180,143

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,170,4132011Expenses 2012: $2,030,9942012Expenses 2013: $1,622,6752013Revenue 2015: $1,397,259Expenses 2015: $1,839,112Net Income 2015: -$441,8532015Revenue 2016: $1,394,043Expenses 2016: $1,743,872Net Income 2016: -$349,8292016Revenue 2017: $1,107,044Expenses 2017: $2,892,610Net Income 2017: -$1,785,5662017Revenue 2018: $1,308,126Expenses 2018: $1,023,722Net Income 2018: $284,4042018Revenue 2019: $816,654Expenses 2019: $1,147,064Net Income 2019: -$330,4102019Revenue 2020: $1,583,997Expenses 2020: $1,106,537Net Income 2020: $477,4602020Revenue 2021: $4,567,749Expenses 2021: $1,033,494Net Income 2021: $3,534,2552021

Highlighted filing

2016

Revenue$1,394,043
Expenses$1,743,872
Net Income-$349,829
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 2, 2016
Return Version
2015v2.0
Gross Receipts
$1,394,043
Mission and Program Overview

Mission

Operation of programs to provide individuals with assistance in preventing homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,547,461$1,461,721▼ $85,740
Savings and Temporary Cash Investments$148,939$156,207▲ $7,268
Accounts Receivable$198,723$151,482▼ $47,241
Cash and Non-Interest-Bearing Accounts$77,705$51,945▼ $25,760
Prepaid Expenses and Deferred Charges$4,464$4,534▲ $70
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,977,292$1,825,889▼ $151,403
Other Assets Total-$0-
Liabilities
Other Liabilities$2,552,005$2,749,644▲ $197,639
Mortgage Notes Payable Secured by Investment Property$1,239,000$1,237,800▼ $1,200
Accounts Payable and Accrued Expenses$16,601$18,588▲ $1,987
Total Liabilities$3,807,606$4,006,032▲ $198,426
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$25,950-
Unrestricted Net Assets$-1,830,314$-2,206,093▼ $375,779
Total Net Assets Fund Balance$-1,830,314$-2,180,143▼ $349,829
Total Liabilities and Net Assets / Fund Balance$1,977,292$1,825,889▼ $151,403

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,403,899$751,727$2,155,626
Equipment$5,369$135,398$140,767
Buildings$52,453$16,465$68,918
Other Land Buildings-$8,500$8,500
Compensation and Service Providers

Employees

NameTitleOtherTotal
Peggy ArizziTreasurer$128,073$128,073
Msgr Michael M BolandChairman$68,426$68,426

Board Members and Trustees

NameTitle
John RyanVice President
Kathy DonahueDirector
Eileen HigginsSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Monterrey SecuritySecurity2232 S Blue Island Ave, Chicago, IL 60608$142,582
Revenue and Support

Revenue Composition

Contributions and Grants
$393,187
Program Service Revenue
$1,000,696
Investment Income
$94
Other Revenue
$66
All Other Contributions
$393,187
Change in Net Assets
$-349,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$997,287
Other Expenses$746,585
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$698,986--$698,986
Occupancy$347,640--$347,640
Fees for Services Management-$162,638-$162,638
Other Employee Benefits$134,855--$134,855
Pension Plan Contributions$103,925--$103,925
Depreciation Depletion$85,739--$85,739
Payroll Taxes$59,521--$59,521
Office Expenses-$38,496-$38,496
Insurance$20,948--$20,948
Travel$6,448--$6,448
Information Technology-$3,345-$3,345
Fees for Services Legal-$2,080-$2,080
Advertising-$712-$712
Conferences and Meetings-$533-$533
All Other Expenses$102$114-$216
Other Expenses$75,827$175-$175
Total Functional Expenses$1,533,991$209,881$0$1,743,872
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Catholic Charities$2,745,864
Resident Deposits$3,780
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

All directors are employees of Catholic Charities of the Archdiocese of Chicago

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Management of Options for Housing is delegated to Catholic Charities of the Archdiocese of Chicago, sponsoring organization.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Catholic Charities of the Archdiocese of Chicago is the sole shareholder of Options for Housing, Inc.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Decisions of the governing boady are subject to the approval of Catholic Charities of the Archdiocese of Chicago, the sponsoring organization.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 was distributed to all members of the governing body for their review, prior to filing the Form 990.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Directors sign a statement on an annual basis.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation is determined and set within the compensation structure of Catholic Charities of the Archdiocese of Chicago, the sponsoring organization.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Form 1023 is not applicable. The tax exempt status is covered under the U.S. Conference of Catholic Bishops group exemption ruling. The Form 990 is on Guidestar's website. Guidestar receives the Form 990 directly from the IRS.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Financial information and other documents and policies are made available upon request.

Filing and Contact Details

Filer

Filer Name
Options for Housing Inc
EIN
36-3580405
Phone
3126557000
Address
721 N Lasalle Street, Chicago, IL 60654

Signing Officer

Name
Msgr Michael M Boland
Title
Chairman
Signed
2016-11-02

Organization Details

Principal Officer
Msgr Michael M Boland
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
0
Employees
0
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Kathy Donahue
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