Will County Housing Developmentcorporation Nfp
- Assets
- $7.4m
- Revenue
- $683.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Joliet, IL
- Founding
- 03/2008
- Data as of
- 06/2022
- EIN
- 20-4503754
Organization Overview
Will County Housing Developmentcorporation Nfp is located in Joliet, IL. The organization was established in 2008. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Will County Housing Developmentcorporation Nfp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Will County Housing Developmentcorporation Nfp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Will County Housing Developmentcorporation Nfp generated $683.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $793.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT AND PROMOTION OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND PROMOTION OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Simelton Chairman | OfficerTrustee | 0.25 | $0 |
Garland Mays Treasurer | OfficerTrustee | 0.25 | $0 |
Kathy Spieler Commissioner | OfficerTrustee | 0.25 | $0 |
Eric Hanson Attorney | OfficerTrustee | 0.25 | $0 |
Dr Glenda Mccullum Vice Chairman | OfficerTrustee | 0.25 | $0 |
Roger Powell Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $825 |
| Total Program Service Revenue | $361,277 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,970 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $683,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $311,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,418 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,386 |
| Fees for services: Legal | $6,148 |
| Fees for services: Accounting | $26,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,309 |
| Advertising and promotion | $0 |
| Office expenses | $23,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,759 |
| Insurance | $84,233 |
| All other expenses | $1,219 |
| Total functional expenses | $793,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,555,294 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $361 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,467,503 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,744 |
| Net Land, buildings, and equipment | $847,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,490,190 |
| Total assets | $7,371,343 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,380,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,900 |
| Total liabilities | $1,530,900 |
| Net assets without donor restrictions | $5,796,160 |
| Net assets with donor restrictions | $44,283 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,371,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |