Civic Intelligence

Of Color Inc.

EIN 36-4840123 • 501(c)3 • Chicago, IL

Pub. 78 Eligible

Profile

To help people of all colors enhance their own economic and education status.

2033 W 95th StreetChicago, IL 60643

www.ofcolorinc.org

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.47x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.11x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

33rd percentile

-2.3%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$154,052

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

44%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$599,915

Down $99,614 (-14%) from 2023

Liabilities

Down

$282,425

Down $42,565 (-13%) from 2023

Net Assets

Down

$317,490

Down $57,049 (-15%) from 2023

Revenue

Up

$2,522,355

Up $766,013 (+44%) from 2023

Expenses

Up

$2,579,404

Up $1,075,209 (+71%) from 2023

Net Income

Down

-$57,049

Down $309,196 (-123%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $117,125Liabilities 2020: $1,813Net Assets 2020: $115,3122020Assets 2021: $145,954Liabilities 2021: $38,351Net Assets 2021: $107,6032021Assets 2022: $298,296Liabilities 2022: $175,904Net Assets 2022: $122,3922022Assets 2023: $699,529Liabilities 2023: $324,990Net Assets 2023: $374,5392023Assets 2024: $599,915Liabilities 2024: $282,425Net Assets 2024: $317,4902024

Highlighted filing

2024

Assets$599,915
Liabilities$282,425
Net Assets$317,490

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $292,063Expenses 2020: $176,751Net Income 2020: $115,3122020Revenue 2021: $1,066,481Expenses 2021: $1,070,193Net Income 2021: -$3,7122021Revenue 2022: $1,205,065Expenses 2022: $1,190,276Net Income 2022: $14,7892022Revenue 2023: $1,756,342Expenses 2023: $1,504,195Net Income 2023: $252,1472023Revenue 2024: $2,522,355Expenses 2024: $2,579,404Net Income 2024: -$57,0492024

Highlighted filing

2024

Revenue$2,522,355
Expenses$2,579,404
Net Income-$57,049

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 19, 2025
Return Version
2024v5.1
Gross Receipts
$2,522,355
Mission and Program Overview

Mission

To help people of all colors enhance their own economic and educational goals

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$372,861$281,964▼ $90,897
Accounts Receivable$47,000$124,557▲ $77,557
Prepaid Expenses and Deferred Charges$2,946$165▼ $2,781
Total Assets$699,529$599,915▼ $99,614
Other Assets Total$276,722$193,229▼ $83,493
Liabilities
Other Liabilities$280,141$200,447▼ $79,694
Accounts Payable and Accrued Expenses$44,849$81,978▲ $37,129
Total Liabilities$324,990$282,425▼ $42,565
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$374,539$317,490▼ $57,049
Total Net Assets Fund Balance$374,539$317,490▼ $57,049
Total Liabilities and Net Assets / Fund Balance$699,529$599,915▼ $99,614

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$95,392--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Renita WhiteExecutive DirectorFT$150,952$12,400$163,352

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,522,355
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$146,676
Change in Net Assets
$-57,049

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,522,355
Total Revenue per Audited Statements
$2,522,355
Total Revenue per Form 990
$2,522,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,706,273
Other Expenses$873,131
Total Fundraising Expense$100,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,005,302$175,874$69,474$1,250,650
Other Employee Benefits$251,373$43,995$7,153$302,521
Current Officers, Directors, Trustees, and Key Employees$102,578$45,931$4,593$153,102
Fees for Services Other$115,608$9,578$546$125,732
Occupancy$47,554$3,135$1,568$52,257
Other Expenses$49,276$1,167$3,798$50,443
Depreciation Depletion$41,663$2,747$1,373$45,783
All Other Expenses$27,123$3,502$286$30,911
Office Expenses$28,171$1,817$332$30,320
Travel$19,709$2,352-$22,061
Fees for Services Accounting-$15,164-$15,164
Insurance$10,610--$10,610
Conferences and Meetings$2,820$6,069-$8,889
Interest-$6,015-$6,015
Total Functional Expenses$2,129,348$349,233$100,823$2,579,404

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,579,404
Total Expenses per Audited Statements$2,579,404
Total Expenses per Form 990$2,579,404
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$106,794
Federal income taxes$93,653
Finance Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

Of Color Inc officers and board members receive a copy of form 990 for review before filing is finalized. The independent CPA hired to audit financial statements and prepare the information returns is available to address questions or concerns prior to filing and meets annually with the board to conduct a board review of the financial statements and information returns.

Form 990, Part VI, Line 12C

Each board member reviews the conflict of interest statement annually. Statements are reviewed and verified by the executive director. If a potential conflict is identified, the board reviews the details and resolves any issues.

Form 990, Part VI, Line 15A

Independent members of the board set the executive directors compensation on an annual basis by reviewing compensation studies and market salary trends.

Form 990, Part VI, Line 19

The Organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Additionally, three most recent years of form 990 filed by the Organization are available at Guidestar.org.

Filing and Contact Details

Filer

Filer Name
Of Color Inc
EIN
36-4840123
Phone
7737279027
Address
2033 W 95th Street, Chicago, IL 60643

Signing Officer

Name
Renita White
Title
Executive Director
Phone
7737279027
Signed
2025-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renita White
Formed
2019
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
40
Volunteers
9

Preparer

Firm
Eccezion
Address
5400 W Elm Street Suite 203, McHenry, IL 60050
Preparer
Cheryden Juergensen
Phone
8153441300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 79,573, Grants and allocations 0, Revenue 0 Flexible Housing Pool FHP - Employment - Provides job readiness workshops for 35 young adults, ages 18 - 24, that have experienced homelessness to get them work-ready, with linkage to employers across 17 industries of their choice for PT or FT employment opportunities.

Form 990, Part III, Line 4D

Program Service Expenses 161,834, Grants and allocations 0, Revenue 0 Flexible Housing Pool FHP - Housing Provides cross-sector investment and innovative program delivery strategy to increase supportive housing resources in Chicago and Cook County for populations at the intersection of homelessness, complex physical and behavioral health needs, and criminal justice involvement. Of Color Inc serves 60 families and children to help them sustain housing and work with those that are able to find employment with a livable wage.

Form 990, Part III, Line 4D

Program Service Expenses 97,528, Grants and allocations 0, Revenue 0 EI The program goals are to Strengthen Connections by refining the links between the workforce and homeless systems in order to increase Income Outcomes by enhancing employment opportunities for individuals navigating homelessness. We also leverage housing resources by utilizing available housing resources to combat unsheltered homelessness.

Form 990, Part III, Line 4D

Program Service Expenses 8,214, Grants and allocations 0, Revenue 0 DVA Through a new Honors Award grant with the Department of Veteran Affairs DVA, Of Color Inc offers supportive services like transportation, clothing and individual job readiness classes so that each veteran has the necessary tools to secure employment and housing, where the need exists.

Form 990, Part III, Line 4D

Program Service Expenses 673,461, Grants and allocations 0, Revenue 0 Of Color Incs HUD Rapid Re-Housing project is designed for 42 Young Adults 42 units and beds, ages 18-24 who are experiencing unsheltered homelessness within the city of Chicago. Our philosophy mirrors the citys Housing First standards. Simply put, we work with landlords realtors to provide housing services which will work swiftly to place individuals into safe, and stable housing first.

Financial Statement Notes

X 2

The Organization is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and reported no unrelated business income for the year ended December 31, 2024. Management represents there are no uncertain tax position or other provision for income taxes that should be recognized in these financial statements. In addition, the Organization qualifies to receive deductible charitable contributions pursuant to Section 170b1Avi.

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IRS990/OtherExpensesGrp/Desc1Administrative Expense
IRS990/OtherExpensesGrp/Desc2HUD Lease Expense
IRS990/OtherExpensesGrp/Desc3Supplies
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IRS990/OtherExpensesGrp/FundraisingAmt13798
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04007
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127880
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21167
IRS990/OtherExpensesGrp/ProgramServicesAmt0153916
IRS990/OtherExpensesGrp/ProgramServicesAmt195621
IRS990/OtherExpensesGrp/ProgramServicesAmt2178024
IRS990/OtherExpensesGrp/ProgramServicesAmt349276
IRS990/OtherExpensesGrp/TotalAmt0169623
IRS990/OtherExpensesGrp/TotalAmt1127299
IRS990/OtherExpensesGrp/TotalAmt2178024
IRS990/OtherExpensesGrp/TotalAmt350443
IRS990/OtherLiabilitiesGrp/BOYAmt0280141
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0175874
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01005302
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IRS990/PrincipalOfficerNm0Renita White
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IRS990/ProgSrvcAccomActy2Grp/Desc0Homeless Veterans Reintegration program HVRP provides employment, training, and housing linkage services for homeless veteran populations identified as young adults, women with children, chronic homeless and recently incarcerated. HVRP serves urban communities on the south and west side of Chicago whose communities range from 20 - 50 below poverty levels and experience 30 - 52 unemployment rates.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0345048
IRS990/ProgSrvcAccomActy3Grp/Desc0The Rapid Re-Housing RRH program is a short-term maximum 12 months, with the possibility of extending for an additional 12 months rental subsidy program. It was designed by the federal department of housing and urban development HUD to serve homeless families throughout the city of Chicago. Of Color Inc serves sixty families in helping them to secure stable housing to avoid homelessness in the future.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0266032
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IRS990/PYContributionsGrantsAmt01750074
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IRS990/PYInvestmentIncomeAmt014
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0495491
IRS990/PYOtherRevenueAmt06254
IRS990/PYRevenuesLessExpensesAmt0252147
IRS990/PYSalariesCompEmpBnftPaidAmt01008704
IRS990/PYTotalExpensesAmt01504195
IRS990/PYTotalRevenueAmt01756342
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02522335
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01703074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01205065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0940814
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0292063
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06663351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014
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IRS990ScheduleA/PublicSupportCY170Pct00.00000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0940814
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0292063
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06663351
IRS990ScheduleA/TotalSupportAmt06663365
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt295392
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Opreating Lease- Right to Use Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Finance Lease- Right to Use Asset
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Operating Lease Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Finance Lease Liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02522355
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and reported no unrelated business income for the year ended December 31, 2024. Management represents there are no uncertain tax position or other provision for income taxes that should be recognized in these financial statements. In addition, the Organization qualifies to receive deductible charitable contributions pursuant to Section 170b1Avi.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Renita White
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0163352
IRS990ScheduleJ/SeverancePaymentInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 79,573, Grants and allocations 0, Revenue 0 Flexible Housing Pool FHP - Employment - Provides job readiness workshops for 35 young adults, ages 18 - 24, that have experienced homelessness to get them work-ready, with linkage to employers across 17 industries of their choice for PT or FT employment opportunities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Expenses 161,834, Grants and allocations 0, Revenue 0 Flexible Housing Pool FHP - Housing Provides cross-sector investment and innovative program delivery strategy to increase supportive housing resources in Chicago and Cook County for populations at the intersection of homelessness, complex physical and behavioral health needs, and criminal justice involvement. Of Color Inc serves 60 families and children to help them sustain housing and work with those that are able to find employment with a livable wage.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Program Service Expenses 97,528, Grants and allocations 0, Revenue 0 EI The program goals are to Strengthen Connections by refining the links between the workforce and homeless systems in order to increase Income Outcomes by enhancing employment opportunities for individuals navigating homelessness. We also leverage housing resources by utilizing available housing resources to combat unsheltered homelessness.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program Service Expenses 8,214, Grants and allocations 0, Revenue 0 DVA Through a new Honors Award grant with the Department of Veteran Affairs DVA, Of Color Inc offers supportive services like transportation, clothing and individual job readiness classes so that each veteran has the necessary tools to secure employment and housing, where the need exists.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Program Service Expenses 673,461, Grants and allocations 0, Revenue 0 Of Color Incs HUD Rapid Re-Housing project is designed for 42 Young Adults 42 units and beds, ages 18-24 who are experiencing unsheltered homelessness within the city of Chicago. Our philosophy mirrors the citys Housing First standards. Simply put, we work with landlords realtors to provide housing services which will work swiftly to place individuals into safe, and stable housing first.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Of Color Inc officers and board members receive a copy of form 990 for review before filing is finalized. The independent CPA hired to audit financial statements and prepare the information returns is available to address questions or concerns prior to filing and meets annually with the board to conduct a board review of the financial statements and information returns.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Each board member reviews the conflict of interest statement annually. Statements are reviewed and verified by the executive director. If a potential conflict is identified, the board reviews the details and resolves any issues.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Independent members of the board set the executive directors compensation on an annual basis by reviewing compensation studies and market salary trends.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Additionally, three most recent years of form 990 filed by the Organization are available at Guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Line 19
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