Civic Intelligence

Home of Life Community Development Corporation

EIN 36-4259274 • 501(c)3 • Chicago, IL

Profile

Provide day care and after school care for children and to provide educational services for preparation for college.

4650 West Madison StreetChicago, IL 60644

n/A

Siviq Scores

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

Liabilities / Assets

87th percentile

0.66x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

1.13x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$93,920

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

59th percentile

6.7%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-26%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,161,934

Up $72,723 (+6.7%) from 2020

Liabilities

Down

$763,708

Down $13,456 (-1.7%) from 2020

Net Assets

Up

$398,226

Up $86,179 (+28%) from 2020

Revenue

Down

$673,370

Down $236,195 (-26%) from 2020

Expenses

Down

$587,191

Down $216,564 (-27%) from 2020

Net Income

Down

$86,179

Down $19,631 (-19%) from 2020

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,290,138Liabilities 2011: $1,341,331Net Assets 2011: -$51,1932011Assets 2013: $1,276,417Liabilities 2013: $1,079,888Net Assets 2013: $196,5292013Assets 2014: $1,216,000Liabilities 2014: $1,002,295Net Assets 2014: $213,7052014Assets 2015: $1,182,496Liabilities 2015: $989,926Net Assets 2015: $192,5702015Assets 2016: $1,221,593Liabilities 2016: $915,226Net Assets 2016: $306,3672016Assets 2017: $1,200,095Liabilities 2017: $884,156Net Assets 2017: $315,9392017Assets 2019: $1,039,203Liabilities 2019: $832,968Net Assets 2019: $206,2352019Assets 2020: $1,089,211Liabilities 2020: $777,164Net Assets 2020: $312,0472020Assets 2021: $1,161,934Liabilities 2021: $763,708Net Assets 2021: $398,2262021

Highlighted filing

2021

Assets$1,161,934
Liabilities$763,708
Net Assets$398,226

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,374,6972011Revenue 2013: $1,110,013Expenses 2013: $999,385Net Income 2013: $110,6282013Revenue 2014: $780,052Expenses 2014: $762,876Net Income 2014: $17,1762014Revenue 2015: $702,726Expenses 2015: $723,861Net Income 2015: -$21,1352015Revenue 2016: $763,712Expenses 2016: $649,915Net Income 2016: $113,7972016Revenue 2017: $673,607Expenses 2017: $664,035Net Income 2017: $9,5722017Revenue 2019: $532,610Expenses 2019: $564,196Net Income 2019: -$31,5862019Revenue 2020: $909,565Expenses 2020: $803,755Net Income 2020: $105,8102020Revenue 2021: $673,370Expenses 2021: $587,191Net Income 2021: $86,1792021

Highlighted filing

2021

Revenue$673,370
Expenses$587,191
Net Income$86,179

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 29, 2022
Return Version
2021v4.1
Gross Receipts
$673,370
Mission and Program Overview

Mission

Provide day care and after school care for children.Provide educational services for preparation for college.

Provide day care and after school care for children and to provide educational services for preparation for college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$943,966$912,784▼ $31,182
Cash and Non-Interest-Bearing Accounts$128,892$187,024▲ $58,132
Pledges and Grants Receivable$16,353$62,126▲ $45,773
Loans From Officers Directors$6,862$0▼ $6,862
Total Assets$1,089,211$1,161,934▲ $72,723
Liabilities
Mortgage Notes Payable Secured by Investment Property$750,625$748,625▼ $2,000
Accounts Payable and Accrued Expenses$19,677$15,083▼ $4,594
Unsecured Notes Loans Payable$0--
Total Liabilities$777,164$763,708▼ $13,456
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$312,047$398,226▲ $86,179
Total Net Assets Fund Balance$312,047$398,226▲ $86,179
Total Liabilities and Net Assets / Fund Balance$1,089,211$1,161,934▲ $72,723

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$398,084$690,018$1,088,102
Other Land Buildings$0$553,229$553,229
Land$514,700-$514,700
Equipment$0$187,874$187,874
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Delores SheppardDirectorFT$93,920$93,920
Reverend Johnny HendersonPresidentPT$11,027$11,027

Board Members and Trustees

NameTitle
Brian PickettVice President
Angela WilliamsSecretary
Josie WareTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$673,179
Program Service Revenue
$191
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$86,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$333,599
Other Expenses$253,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$196,282$0$0$196,282
Current Officers, Directors, Trustees, and Key Employees$46,960$57,987$0$104,947
Occupancy$93,405$10,375$0$103,780
Insurance$52,204$5,800$0$58,004
Depreciation Depletion$28,064$3,118$0$31,182
Payroll Taxes$25,150$5,376$0$30,526
Office Expenses$3,293$670$0$3,963
All Other Expenses$0$3,853$0$3,853
Other Expenses$2,084$232$0$2,316
Other Employee Benefits$1,640$204$0$1,844
Conferences and Meetings$640$0$0$640
Travel$489$0$0$489
Advertising$165$0$0$165
Total Functional Expenses$499,158$88,033$0$587,191
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
Loans from Officers, Directors, Trustees, and Key Employees$6,862$0▼ $6,862
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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
Filing and Contact Details

Filer

Filer Name
Home of Life Community Development Corporation
EIN
36-4259274
Phone
7736268655
Address
4650 West Madison Street, Chicago, IL 60644

Signing Officer

Name
Delores Sheppard
Title
Director
Phone
7736268655
Signed
2022-08-29
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
4
Employees
15
Volunteers
25

Preparer

Firm
JKV Financial Services LLC
Address
3807 Castle Connor Dr, Richton Park, IL 60471
Preparer
Vivian Funches
Phone
3129533086
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The board of directors is provided a copy of the form 990 to review prior to filing.

Pt VI, Line 12C

Annual statements are required from officers attesting to the potential of conflicts of interest.

Pt VI, Line 15B

Compensation is reviewed annually by the board of directors. Compensation is set by budgetary constraints.

Pt VI, Line 19

All documents are available to the public upon request.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL STATEMENTS ARE REQUIRED FROM OFFICERS ATTESTING TO THE POTENTIAL OF CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. COMPENSATION IS SET BY BUDGETARY CONSTRAINTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03807 Castle Connor Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Richton Park
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