Civic Intelligence

Helping Hand Foundation

990 • Fiscal year 2015 • EIN 36-4435355

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 14, 2016

9649 West 55th StreetCountryside, IL 60525

(708) 352-3580

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$19,014,227

Down $216,126 (-1.1%) from 2014

Net Assets

Up

$9,755,309

Up $907,529 (+10%) from 2014

Liabilities

Down

$9,258,918

Down $1,123,655 (-11%) from 2014

Revenue And Expenses

Revenue

Down

$2,587,850

Down $654,024 (-20%) from 2014

Expenses

Up

$1,318,648

Up $41,157 (+3.2%) from 2014

Net Income

Down

$1,269,202

Down $695,181 (-35%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2013: $15,722,266Liabilities 2013: $8,358,671Net Assets 2013: $7,363,5952013Assets 2014: $19,230,353Liabilities 2014: $10,382,573Net Assets 2014: $8,847,7802014Assets 2015: $19,014,227Liabilities 2015: $9,258,918Net Assets 2015: $9,755,3092015Assets 2016: $17,996,734Liabilities 2016: $8,467,614Net Assets 2016: $9,529,1202016Assets 2018: $17,105,103Liabilities 2018: $7,119,895Net Assets 2018: $9,985,2082018Assets 2019: $16,957,624Liabilities 2019: $6,823,403Net Assets 2019: $10,134,2212019Assets 2020: $14,656,080Liabilities 2020: $6,514,405Net Assets 2020: $8,141,6752020Assets 2021: $14,662,792Liabilities 2021: $6,091,527Net Assets 2021: $8,571,2652021Assets 2022: $13,967,289Liabilities 2022: $5,610,519Net Assets 2022: $8,356,7702022Assets 2023: $13,681,632Liabilities 2023: $897,427Net Assets 2023: $12,784,2052023Assets 2024: $13,633,803Liabilities 2024: $27,097Net Assets 2024: $13,606,7062024

Highlighted filing

2015

Assets$19,014,227
Liabilities$9,258,918
Net Assets$9,755,309

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $1,180,8462013Revenue 2014: $3,241,874Expenses 2014: $1,277,491Net Income 2014: $1,964,3832014Revenue 2015: $2,587,850Expenses 2015: $1,318,648Net Income 2015: $1,269,2022015Revenue 2016: $1,874,767Expenses 2016: $1,481,557Net Income 2016: $393,2102016Revenue 2018: $1,792,108Expenses 2018: $1,457,392Net Income 2018: $334,7162018Revenue 2019: $1,234,346Expenses 2019: $688,916Net Income 2019: $545,4302019Revenue 2020: $656,838Expenses 2020: $2,611,240Net Income 2020: -$1,954,4022020Revenue 2021: $960,194Expenses 2021: $736,024Net Income 2021: $224,1702021Revenue 2022: $861,864Expenses 2022: $356,315Net Income 2022: $505,5492022Revenue 2023: $5,099,793Expenses 2023: $411,363Net Income 2023: $4,688,4302023Revenue 2024: $1,074,015Expenses 2024: $117,757Net Income 2024: $956,2582024

Highlighted filing

2015

Revenue$2,587,850
Expenses$1,318,648
Net Income$1,269,202
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 14, 2016
Return Version
2014v6.0
Gross Receipts
$2,971,215
Mission and Program Overview

Mission

To assist the helping hand center in providing "service for life" to individuals with disabilities by assuring the agency's long-term financial stability through fund raising and financial stewardship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$15,558,026$14,678,835▼ $879,191
Land, Buildings, and Equipment, Net$307,768$2,350,380▲ $2,042,612
Pledges and Grants Receivable$832,080$758,678▼ $73,402
Savings and Temporary Cash Investments$496,312$650,000▲ $153,688
Cash and Non-Interest-Bearing Accounts$1,886,701$290,991▼ $1,595,710
Intangible Assets$149,466$140,586▼ $8,880
Prepaid Expenses and Deferred Charges-$17,299-
Total Assets$19,230,353$19,014,227▼ $216,126
Other Assets Total-$127,458-
Liabilities
Tax Exempt Bond Liabilities$6,702,023$6,467,388▼ $234,635
Mortgage Notes Payable Secured by Investment Property$2,822,331$2,608,354▼ $213,977
Other Liabilities-$117,669-
Accounts Payable and Accrued Expenses$844,107$34,114▼ $809,993
Deferred Revenue$14,112$31,393▲ $17,281
Total Liabilities$10,382,573$9,258,918▼ $1,123,655
Net Assets / Fund Balance
Unrestricted Net Assets$8,015,700$8,996,631▲ $980,931
Temporarily Rstr Net Assets$832,080$758,678▼ $73,402
Total Net Assets Fund Balance$8,847,780$9,755,309▲ $907,529
Total Liabilities and Net Assets / Fund Balance$19,230,353$19,014,227▼ $216,126

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,134,596$39,418$2,174,014
Equipment$215,784$15,033$230,817
Other Securities$113,000--
Closely Held Equity Interests$13,555,151--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$854,476$105,000▲ $21,916-$1,123,684
2013$496,768$354,827▲ $2,881-$854,476
2012$184,110$312,500▲ $158-$496,768
2011-$184,000▲ $110-$184,110
Compensation and Service Providers

Board Members and Trustees

NameTitle
Noreen CostelloeChairperson
Christine SpeiserDirector
Frank PigattoDirector
Jeanne ReillyDirector
Michael SlinkmanDirector
Tom JanusDirector
Howard HabenichtSecretary
Herb SmyersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$921,677
Program Service Revenue
$1,507,446
Investment Income
$33,484
Other Revenue
$125,243
All Other Contributions
$921,677
Change in Net Assets
$1,269,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,145,723
Total Fundraising Expense$251,483
Grants and Similar Amounts Paid$172,925
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$19,380$230,805$229,862$480,047
Interest$397,644--$397,644
Grants to Domestic Orgs$172,925--$172,925
Depreciation Depletion$63,467--$63,467
Fees for Services Legal$10,379$25,755-$36,134
Fees for Services Accounting-$13,500-$13,500
Information Technology$413$5,500$1,725$7,638
Office Expenses$305$1,101$5,546$6,952
Occupancy$4,639--$4,639
Other Expenses$961$103$14,350$961
Total Functional Expenses$790,401$276,764$251,483$1,318,648
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Helping Hand CenterCountryside, IL501c3Furniture/equipment$172,925
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$223,513
Fundraising Direct Expenses$98,270
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$170,766$170,766$67,225$103,541
Golf Outing$52,747$52,747$31,045$21,702
Total Events$223,513$223,513$98,270$125,243
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fair Value of Interest Rate Swaps$117,669

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMb Bond2013-02-28$7,000,000To refinance and finance construction, improvement, and equipping of a

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A--$234,635-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 3

During july, 2010, the foundation entered into an annual agreement with helping hand center to provide professional services related to executive, administrative, records management, marketing and fund development for the foundation. During october, 2010, the foundation entered into an annual agreement with helping hand center to provide management, accounting and administration of the foundation's thrift store.

Form 990, Page 6, Part VI, Line 11B

The board of directors hires the auditors and tax consultant to prepare the form 990. The board of directors delegates the finance committee to review the form 990. A final copy of the form 990 is provided to the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 12C

Annually, all helping hand foundation board members are required to sign a conflict of interest statement. Along with this signing, and in an effort to monitor and enforce the conflict of interest policy, all board members are provided a list of all helping hand vendors, contractors and investments exceeding 20,000 annually. At the end of each fiscal year, a listing is prepared by management staff which lists all vendors that helping hand has done greater than 20,000 of business with over the past fiscal year. The list is then provided to the executive director and the board members for their review, and further discussion concerning any possible conflicts of interest.

Form 990, Page 6, Part VI, Line 19

The articles of incorporation are publicly available from the office of the illinois secretary of state. Helping hand foundation will review for merit any request for the release of its financial statements, or governing documents. The final decision for releasing the documents to the public is the responsibility of the chairman.

Filing and Contact Details

Filer

Filer Name
Helping Hand Foundation
EIN
36-4435355
Phone
7083523580
Address
9649 WEST 55TH STREET, COUNTRYSIDE, IL 60525

Signing Officer

Name
Noreen Costelloe
Title
Chairperson
Phone
7083523580
Signed
2016-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Noreen Costelloe
Formed
2001
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Mpscpa
Address
14300 S RAVINIA AVE STE 200, ORLAND PARK, IL 60462
Preparer
Kenneth G Daemicke
Phone
7083496999
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IRS990ScheduleA/Total509Grp/TotalAmt011390018
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01394055
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011410426
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt039418
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IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt013555151
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0215784
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015033
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0117669
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FAIR VALUE OF INTEREST RATE SWAPS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01010684
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1113000
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A REPORT DETAILING THE EXPENDITURE OF GRANTS FUNDS IS RECEIVED FROM THE GRANTEE AT THE EXPIRATION OF THE GRANT PERIOD.
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0MB BOND REHABILITATION FACILITY AND HOME FOR THE DEVELOPMENTALLY DISABLED.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION
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