Civic Intelligence

Housing Forward

990 • Fiscal year 2024 • EIN 36-3876660

Jan 01, 2024 to Dec 31, 2024 • Filed on Sep 12, 2025

1851 South 9th AveMaywood, IL 60153

(708) 338-1724

Siviq Scores

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

Liabilities / Assets

90th percentile

0.88x

Higher debt load relative to assets than 90% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.99x

Higher debt load relative to revenue than 80% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

34th percentile

-0.6%

Higher net margin than 34% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$286,358

Higher top officer pay than 75% of similar nonprofits.

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

23%

Faster revenue growth than 73% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$21,489,174

Up $2,331,868 (+12%) from 2023

Net Assets

Down

$2,543,993

Down $46,893 (-1.8%) from 2023

Liabilities

Up

$18,945,181

Up $2,378,761 (+14%) from 2023

Revenue

Up

$19,214,417

Up $3,647,961 (+23%) from 2023

Expenses

Up

$19,321,310

Up $3,603,447 (+23%) from 2023

Net Income

Up

-$106,893

Up $44,514 (+29%) from 2023

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

2024

Assets$21,489,174
Liabilities$18,945,181
Net Assets$2,543,993

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

2024

Revenue$19,214,417
Expenses$19,321,310
Net Income-$106,893
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 12, 2025
Return Version
2024v5.2
Gross Receipts
$19,353,625
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
Land, Buildings, and Equipment, Net$13,926,596$16,371,593▲ $2,444,997
Pledges and Grants Receivable$2,289,853$3,130,648▲ $840,795
Cash and Non-Interest-Bearing Accounts$1,784,035$1,347,394▼ $436,641
Intangible Assets$243,891--
Investments in Publicly Traded Securities-$65,036-
Prepaid Expenses and Deferred Charges$156,286$40,544▼ $115,742
Accounts Receivable-$28,777-
Savings and Temporary Cash Investments$301,845$11,563▼ $290,282
Total Assets$19,157,306$21,489,174▲ $2,331,868
Other Assets Total$454,800$493,619▲ $38,819
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,446,531$15,531,812▲ $2,085,281
Accounts Payable and Accrued Expenses$1,253,408$1,439,874▲ $186,466
Other Liabilities$904,031$1,002,451▲ $98,420
Unsecured Notes Loans Payable$950,000$900,000▼ $50,000
Deferred Revenue$12,450$71,044▲ $58,594
Total Liabilities$16,566,420$18,945,181▲ $2,378,761
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,470,995$1,466,111▼ $4,884
Net Assets With Donor Restrictions$1,119,891$1,077,882▼ $42,009
Total Net Assets Fund Balance$2,590,886$2,543,993▼ $46,893
Total Liabilities and Net Assets / Fund Balance$19,157,306$21,489,174▲ $2,331,868

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,478,612$172,426$15,651,038
Equipment$79,455$576,861$656,316
Other Land Buildings$362,545$35,184$397,729
Land$310,000-$310,000
Leasehold Improvements$140,981$23,826$164,807
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynda SchuelerChief Executive OfficerFT$252,608$33,750$286,358
Misti FaustChief Financial OfficerFT$152,706$4,799$157,505
Armando SmithChief Program OfficerFT$124,916$8,376$133,292
Erik JohnsonMajor Gifts OfficerFT$116,812$11,898$128,710
Jennifer GonzalezChief Operations OfficerFT$102,600$4,777$107,377

Highest Paid Contractors

ContractorServicesLocationCompensation
Denise L CallRegistered Nurse17508 KARLI LN, Orland Park, IL 60467$108,489
Revenue and Support

Revenue Composition

Contributions and Grants
$18,352,810
Program Service Revenue
$497,670
Investment Income
$10,418
Other Revenue
$353,519
All Other Contributions
$2,908,910
Change in Net Assets
$-106,893

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 Inventory150$90,170Fair Market Value
Total Noncash Contributions150$90,170-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,455,655
Grants and Similar Amounts Paid$7,721,678
Other Expenses$3,143,977
Total Fundraising Expense$900,289
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$6,790,067--$6,790,067
Other Salaries and Wages$4,397,174$1,605,184$547,816$6,550,174
Fees for Services Other$707,377$490,870$152,482$1,350,729
Other Employee Benefits$809,054$212,358$65,619$1,087,031
Grants to Domestic Orgs$931,611--$931,611
Payroll Taxes$385,975$133,094$46,773$565,842
Occupancy$247,533$207,608$17$455,158
Depreciation Depletion-$259,350-$259,350
All Other Expenses$63,906$177,546$14,336$255,788
Current Officers, Directors, Trustees, and Key Employees$169,576$61,904$21,128$252,608
Insurance-$167,538-$167,538
Office Expenses$31,185$49,873$25,774$106,832
Interest-$74,739-$74,739
Other Expenses$4,137$61,156$12,365$65,293
Fees for Services Accounting-$33,815-$33,815
Advertising-$9,118$13,835$22,953
Fees for Services Legal$1,000$477-$1,477
Total Functional Expenses$14,565,579$3,855,442$900,289$19,321,310
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beds PlusLa Grange, IL501c3General Assistance$388,425
South Suburban PadsChicago Heights, IL501c3General Assistance$206,651
New MomsChicago, IL501c3General Assistance$130,883
Live4 LaliArlington Heights, IL501c3General Assistance$119,111
African American Christian FoundationOak Park, IL501c3General Assistance$67,218
Loyola University Medical CenterMaywood, IL501c3General Assistance$9,900
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$161,300
Fundraising Direct Expenses$139,208
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Have a Heart Gala$294,345$161,300$34,681$126,619
Trivia$6,164-$562-
Total Events$300,509$161,300$139,208$22,092
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$542,567
Lease Liabilities$364,545
Deferred Compensation$65,036
Funds Held for Others$25,128
Customer Deposits$5,175
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 chief executive officer. 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 chief executive officer for their direct subordinates. The chief executive officer 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 SOUTH 9TH AVE, MAYWOOD, IL 60153

Signing Officer

Name
Robert Tucker
Title
President
Phone
7083381724
Signed
2025-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Glass
Formed
1992
Legal Domicile
Il
Voting Board Members
23
Independent Board Members
23
Employees
168
Volunteers
404

Preparer

Firm
Porte Brown LLC
Address
9014 HERITAGE PARKWAY SUITE 308, WOODRIDGE, IL 60517
Preparer
Megan Angle
Phone
7084291040
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes in the oversight or selection process from the prior year.

FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT:

There has been a prior period adjustment for revenue and grants and contributions receivable that should have been recognized during the year ended december 31, 2023. The effect of this restatement was an increase in grant revenue and increase in grants and contributions receivable of $60,000 as of december 31, 2023.

Financial Statement Notes

PART X, LINE 2:

The organization has adopted the provisions of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The organization files information returns in the u.s. Federal jurisdiction and the state of illinois. Management is not aware of any uncertain tax positions.

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IRS990/Desc0PERMANENT SUPPORTIVE HOUSING - IS AN INTERVENTION THAT COMBINES AFFORDABLE HOUSING ASSISTANCE WITH VOLUNTARY SUPPORTIVE SERVICES FOR INDIVIDUALS AND FAMILIES WHO HAVE EXPERIENCED HOMELESSNESS AND HAVE A DOCUMENTED DISABILITY. IN 2024, 348 INDIVIDUALS WERE STABILIZED IN SCATTERED-SITE APARTMENTS. PROGRAM OUTCOMES - 96% REMAINED STABLY HOUSED FOR ONE YEAR; 76% INCREASED INCOME BETWEEN ENTRY AND EXIT.
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IRS990/Form990PartVIISectionAGrp/PersonNm2DESTINY WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN CIANCANELLI
IRS990/Form990PartVIISectionAGrp/PersonNm4BARBARA J BEST
IRS990/Form990PartVIISectionAGrp/PersonNm5PEGGY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm6ERICH KRUMREI
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHELLE MELIN-ROGOVIN
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRISTOPHER PARKER
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IRS990/Form990PartVIISectionAGrp/PersonNm10BOB TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm11DAVID BOENSCH
IRS990/Form990PartVIISectionAGrp/PersonNm12REBECCA DAISLEY
IRS990/Form990PartVIISectionAGrp/PersonNm13MATTHEW FITZ MD
IRS990/Form990PartVIISectionAGrp/PersonNm14CRYSTAL GARDNER
IRS990/Form990PartVIISectionAGrp/PersonNm15TIM GRANHOLM
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECOND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22EX-OFFICIO MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26MAJOR GIFTS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHIEF PROGRAM OFFICER
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IRS990/FormationYr01992
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/MinutesOfCommitteesInd01
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IRS990/OtherExpensesGrp/Desc0CLEANING AND MAINTENANC
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IRS990/OtherExpensesGrp/Desc3TRAVEL AND ENTERTAINMEN
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IRS990/OtherExpensesGrp/ProgramServicesAmt026037
IRS990/OtherExpensesGrp/ProgramServicesAmt1947

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