Civic Intelligence

Housing Forward

990 • Fiscal year 2021 • EIN 36-3876660

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 26, 2022

1851 S 9th AvenueMaywood, IL 60153

(708) 338-1724

Siviq Scores

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

Liabilities / Assets

69th percentile

0.39x

Higher debt load relative to assets than 69% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

0.11x

Higher debt load relative to revenue than 33% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

45th percentile

9.9%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

59th percentile

$198,031

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

88th percentile

42%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

15%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,739,938

Up $1,104,695 (+42%) from 2020

Net Assets

Up

$2,297,054

Up $1,313,720 (+134%) from 2020

Liabilities

Down

$1,442,884

Down $209,025 (-13%) from 2020

Revenue

Up

$13,235,796

Up $1,774,124 (+15%) from 2020

Expenses

Up

$11,922,076

Up $827,497 (+7.5%) from 2020

Net Income

Up

$1,313,720

Up $946,627 (+258%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2013: $728,614Liabilities 2013: $175,008Net Assets 2013: $553,6062013Assets 2015: $732,059Liabilities 2015: $110,290Net Assets 2015: $621,7692015Assets 2016: $945,513Liabilities 2016: $207,766Net Assets 2016: $737,7472016Assets 2017: $1,169,819Liabilities 2017: $418,798Net Assets 2017: $751,0212017Assets 2018: $1,401,927Liabilities 2018: $814,021Net Assets 2018: $587,9062018Assets 2019: $1,260,763Liabilities 2019: $644,522Net Assets 2019: $616,2412019Assets 2020: $2,635,243Liabilities 2020: $1,651,909Net Assets 2020: $983,3342020Assets 2021: $3,739,938Liabilities 2021: $1,442,884Net Assets 2021: $2,297,0542021Assets 2022: $5,196,369Liabilities 2022: $2,454,076Net Assets 2022: $2,742,2932022Assets 2023: $19,157,306Liabilities 2023: $16,566,420Net Assets 2023: $2,590,8862023Assets 2024: $21,489,174Liabilities 2024: $18,945,181Net Assets 2024: $2,543,9932024

Highlighted filing

2021

Assets$3,739,938
Liabilities$1,442,884
Net Assets$2,297,054

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2013: $1,866,086Expenses 2013: $1,875,561Net Income 2013: -$9,4752013Revenue 2015: $3,019,766Expenses 2015: $3,025,420Net Income 2015: -$5,6542015Revenue 2016: $4,100,376Expenses 2016: $3,984,398Net Income 2016: $115,9782016Revenue 2017: $6,282,192Expenses 2017: $6,268,918Net Income 2017: $13,2742017Revenue 2018: $6,650,041Expenses 2018: $6,813,156Net Income 2018: -$163,1152018Revenue 2019: $7,822,365Expenses 2019: $7,794,030Net Income 2019: $28,3352019Revenue 2020: $11,461,672Expenses 2020: $11,094,579Net Income 2020: $367,0932020Revenue 2021: $13,235,796Expenses 2021: $11,922,076Net Income 2021: $1,313,7202021Revenue 2022: $14,374,178Expenses 2022: $13,928,939Net Income 2022: $445,2392022Revenue 2023: $15,566,456Expenses 2023: $15,717,863Net Income 2023: -$151,4072023Revenue 2024: $19,214,417Expenses 2024: $19,321,310Net Income 2024: -$106,8932024

Highlighted filing

2021

Revenue$13,235,796
Expenses$11,922,076
Net Income$1,313,720
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 26, 2022
Return Version
2021v4.2
Gross Receipts
$13,311,903
Mission and Program Overview

Mission

Housing forward's mission is to transition people from housing crisis to housing stability.

To transition people from housing crisis to housing stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,697,042$2,280,477▲ $583,435
Cash and Non-Interest-Bearing Accounts$230,451$787,113▲ $556,662
Savings and Temporary Cash Investments$327,700$223,634▼ $104,066
Land, Buildings, and Equipment, Net$49,736$43,417▼ $6,319
Prepaid Expenses and Deferred Charges$8,100$29,100▲ $21,000
Total Assets$2,635,243$3,739,938▲ $1,104,695
Other Assets Total$322,214$376,197▲ $53,983
Liabilities
Accounts Payable and Accrued Expenses$731,316$662,244▼ $69,072
Other Liabilities$357,989$520,471▲ $162,482
Unsecured Notes Loans Payable$536,348$200,000▼ $336,348
Deferred Revenue$18,600$47,250▲ $28,650
Escrow Account Liability$7,656$12,919▲ $5,263
Total Liabilities$1,651,909$1,442,884▼ $209,025
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$871,247$1,864,416▲ $993,169
Net Assets With Donor Restrictions$112,087$432,638▲ $320,551
Total Net Assets Fund Balance$983,334$2,297,054▲ $1,313,720
Total Liabilities and Net Assets / Fund Balance$2,635,243$3,739,938▲ $1,104,695

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$32,639$257,571$290,210
Equipment$10,778$232,173$242,951
Other Assets Org$13,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynda SchuelerExecutive DirectorFT$160,123$37,908$198,031
Erik JohnsonDirector Development & CommunicFT$115,008$15,798$130,806
Jane HouleChief Financial OfficerFT$108,302$11,761$120,063
Revenue and Support

Revenue Composition

Contributions and Grants
$13,003,730
Program Service Revenue
$227,868
Investment Income
$152
Other Revenue
$4,046
All Other Contributions
$2,066,437
Change in Net Assets
$1,313,720

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory34,920$103,790Fair Market Value
Other Non Cash Contri Table12$8,335Fair Market Value
Total Noncash Contributions34,932$112,125-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,235,796
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$436,400
Total Revenue per Audited Statements
$13,672,196
Total Revenue per Form 990
$13,235,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,855,047
Salaries, Compensation, and Employee Benefits$4,404,585
Other Expenses$2,662,444
Total Fundraising Expense$550,893
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$4,169,358--$4,169,358
Other Salaries and Wages$2,336,616$835,554$260,595$3,432,765
Occupancy$1,224,273$59,584$35,264$1,319,121
Grants to Domestic Orgs$685,689--$685,689
Fees for Services Other$520,658$123,096$29,327$673,081
Other Employee Benefits$333,453$95,920$36,589$465,962
Payroll Taxes$205,880$45,464$25,903$277,247
Current Officers, Directors, Trustees, and Key Employees$96,078$56,940$45,013$198,031
Office Expenses$107,390$19,539$61,326$188,255
Information Technology$105,343$24,907$5,934$136,184
Insurance$40,365$12,667$4,292$57,324
Pension Plan Contributions$21,743$6,345$2,492$30,580
Travel$20,951$1,745$27$22,723
Fees for Services Accounting$16,411$3,880$924$21,215
Depreciation Depletion$4,836$6,483-$11,319
Other Expenses$20,357$884$16,178$884
Total Functional Expenses$9,987,225$1,383,958$550,893$11,922,076

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,358,476
Expenses per Audited Statements$11,922,076
Total Expenses per Form 990$11,922,076
Expenses Not Reported on Form 990$436,400
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beds Plus CareLa Grange, IL501(c)(3)General Assistance$289,820
South Suburban PadsChicago Heights, IL501(c)(3)General Assistance$153,018
New MomsChicago, IL501(c)(3)General Assistance$93,102
Heartland AllianceChicago, IL501(c)(3)General Assistance$74,462
ThresholdsChicago, IL501(c)(3)General Assistance$50,713
Youth Outreach ServicesChicago, IL501(c)(3)General Assistance$12,406
African American Christian FoundationOak Park, IL501(c)(3)General Assistance$12,168
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,633
Fundraising Direct Expenses$76,107
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Have-a-heart Gala$246,508$63,645$57,583$6,062
Virtual Trivia$12,036-$3,100-
Total Events$278,032$76,633$76,107$526
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$492,915
Deferred Compensation$27,556
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is provided to the entire board and reviewed at a regularly scheduled meeting.

Form 990, Part VI, Section B, Line 12C

Each officer, director and committee member are required to execute an annual disclosure statement. These statements are retained on file at the corporate office.

Form 990, Part VI, Section B, Line 15A

The executive committee of the board reviews and considers market conditions, performance and budgetary constraints while approving salary adjustments to its executive director. Staff increases are provided at the time of an employee's annual evaluation or at a time of position promotion. Salary increases may be a combination of cost of living and merit, while considering budgetary constraints. Managers and directors submit recommendations to the executive director for their direct subordinates. The executive director approves all salary increases.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public upon request. Form 990 is available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Housing Forward
EIN
36-3876660
Phone
7083381724
Address
1851 S 9TH AVENUE, MAYWOOD, IL 60153

Signing Officer

Name
Heidi Vance
Title
President
Phone
7083381724
Signed
2022-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heidi Vance
Formed
1992
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
24
Employees
124
Volunteers
900

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
4320 WINFIELD ROAD SUITE 450, WARRENVILLE, IL 60555-4036
Preparer
Ron Marklund
Phone
6306654440
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Program professional fees: program service expenses 430,067. Management and general expenses 101,679. Fundraising expenses 24,225. Total expenses 555,971. Admin professional fees: program service expenses 65,058. Management and general expenses 15,380. Fundraising expenses 3,664. Total expenses 84,102. Payroll fees: program service expenses 25,533. Management and general expenses 6,037. Fundraising expenses 1,438. Total expenses 33,008.

FORM 990, PART XII, LINE 2C:

The finance committee holds these responsibilities and the process has not changed from previous years.

Financial Statement Notes

PART IV, LINE 2B:

Organization is the fiscal agent for oak park homeless coalition

PART X, LINE 2:

The organization files income tax returns in the u.s. Federal jurisdiction and illinois. With few exceptions, the organization is no longer subject to u.s. Federal, state and local, or non-u.s. Income tax examinations by tax authorities for years before 2018. The organization does not expect a material net change in unrecognized tax benefits in the next twelve months.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 67,772.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 67,772.

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IRS990/Form990PartVIISectionAGrp/TitleTxt22MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIR DEVELOPMENT & COMMUNIC
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