Housing Opportunities & Maintenance For The Elderly Inc is located in Chicago, IL. The organization was established in 1982. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Housing Opportunities & Maintenance For The Elderly Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Opportunities & Maintenance For The Elderly Inc 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 09/2023, Housing Opportunities & Maintenance For The Elderly Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.3m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
H.O.M.E. HELPS CHICAGO'S LOW-INCOME OLDER ADULTS TO LIVE INDEPENDENT AND SOCIALLY ENGAGED LIVES BY PROVIDING INTERGENERATIONAL HOUSING, HOME REPAIR SERVICES, A SHOPPING BUS, MOVING ASSISTANCE, AND CARING VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERGENERATIONAL HOUSING: H.O.M.E. OWNS AND MANAGES 78 APARTMENTS IN THREE AFFORDABLE INTERGENERATIONAL BUILDINGS WHERE SENIORS CHOOSE BETWEEN PRIVATE APARTMENTS OR, FOR THOSE WHO DESIRE MORE SUPPORT AND A FAMILY-LIKE SETTING, COMMUNAL LIVING RESIDENCES WITH PRIVATE ROOMS. ALL SENIORS HAVE ACCESS TO SOCIAL SERVICES AND ENGAGEMENT OPPORTUNITIES, WITH FAMILIES WITH CHILDREN AND YOUNG ADULTS LIVING ALONGSIDE OLDER ADULTS. H.O.M.E.'S OVERALL GOAL WITH ITS INTERGENERATIONAL HOUSING IS TO OWN AND MANAGE HOUSING FOR SENIORS WITH LOW INCOMES IN CHICAGO IN AN INCLUSIVE SETTING THAT CENTERS CONNECTION AND INTERGENERATIONAL COMMUNITY-BUILDING. H.O.M.E. PAUSED ALL MOVES INTO ITS BUILDINGS LAST YEAR DUE TO THE PANDEMIC. THE FISCAL YEAR ENDED WITH SEVEN VACANCIES OUT OF 78 TOTAL UNITS, OR 90% OCCUPANCY.
VOLUNTEER ENGAGEMENT: AT H.O.M.E.'S PAT CROWLEY HOUSE AND NATHALIE SALMON HOUSE GOOD LIFE RESIDENCES, VOLUNTEERS COOK ON WEEKENDS, FACILITATE SOCIAL ACTIVITIES, AND HELP WITH OCCASIONAL PROJECTS LIKE SEASONAL GARDENING.MOVING PROGRAM: THE MOVING PROGRAM HELPS SENIORS LIVE IN SAFE, STABLE HOUSING AS THEY AGE BY PROVIDING AN AFFORDABLE MOVING ASSISTANCE SERVICE IN COLLABORATION WITH COMMERCIAL MOVING COMPANIES. H.O.M.E.'S MOVING COORDINATOR SCHEDULES THE MOVE AND SUPPORTS SENIORS BEFORE, DURING, AND AFTER. AS A TRAINED CASE MANAGER, SHE ACTS AS A LIAISON BETWEEN SENIORS AND VETTED MOVING COMPANIES TO PROVIDE A PHYSICALLY AND EMOTIONALLY SAFE, AFFORDABLE MOVING EXPERIENCE. ALL SENIORS PAY A $25 SERVICE FEE AND, USING AN INCOME-BASED SLIDING SCALE, PAY FOR A PORTION OF THE MOVING COSTS. H.O.M.E. PROVIDED 52 MOVES.ADVOCACY AND NEIGHBORHOOD ENGAGEMENT: H.O.M.E. LAUNCHED A COMMUNITY ADVISORY COUNCIL OF SENIORS SERVED BY H.O.M.E. THROUGH ITS HOUSING AND COMMUNITY PROGRAMS WHOSE GOAL IS TO ADVISE THE BOARD AND STAFF ON PROGRAM DIRECTION, AND TO PROMOTE H.O.M.E.'S PROGRAMS AND MISSION. H.O.M.E. ALSO BEGAN WORKING WITH OTHER AGENCIES AND RESEARCHERS TO ADVOCATE FOR INCREASED HOME REPAIR RESOURCES FOR LOW-INCOME OLDER HOMEOWNERS.
UPKEEP AND REPAIR PROGRAM: H.O.M.E.'S THREE FULL-TIME HOME REPAIR SPECIALISTS ENSURE THAT SENIOR HOMEOWNERS LIVE IN HEALTHY AND SAFE CONDITIONS BY CONDUCTING ELECTRICAL, PLUMBING, AND CARPENTRY REPAIRS IN HISTORICALLY DISINVESTED NEIGHBORHOODS IN CHICAGO. THESE COMMUNITIES ON THE SOUTH AND WEST SIDES HAVE SUFFERED FROM NEGLECT OF HOUSING STOCK AND UTILITIES BY THE CITY, AND OFTEN REQUIRE MULTIPLE INTENSIVE REPAIRS. SENIOR HOMEOWNERS PAY A $25 SERVICE FEE, SIGNIFICANTLY LOWER THAN OTHER SERVICE PROVIDERS, AND THE REPAIRS ALLOW SENIORS AGE SAFELY IN THEIR OWN HOMES. HOME REPAIR SPECIALISTS COMPLETED 685 REPAIRS IN 63 HOMES.
SHOPPING BUS: H.O.M.E.'S SHOPPING BUS PROGRAM FACILITATES TRANSPORTATION TO GROCERY STORES AND OFFERS SENIORS ASSISTANCE WITH UNLOADING SHOPPING ITEMS. H.O.M.E. PARTNERS WITH SENIOR HOUSING BUILDINGS ACROSS CHICAGO TO PROVIDE ROUNDTRIP SERVICES FOR SENIORS WITHOUT REGULAR, RELIABLE ACCESS TO FOOD AND ESSENTIAL SUPPLIES. THE BUS TRIP IS ALSO A SOCIAL EVENT. H.O.M.E. PROVIDED SHOPPING TRIPS TO 2,449 PEOPLE IN 31 BUILDINGS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ramya Ramanath Director | Trustee | 1 | $0 |
Celeste King President | OfficerTrustee | 1 | $0 |
Brad Winick Director | Trustee | 1 | $0 |
Katie Philpott Vice President | OfficerTrustee | 1 | $0 |
Joel Rice Director | Trustee | 1 | $0 |
Taylor Overstreet Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $97,658 |
Related organizations | $0 |
Government grants | $331,469 |
All other contributions, gifts, grants, and similar amounts not included above | $1,035,277 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,464,404 |
Total Program Service Revenue | $762,001 |
Investment income | $70,038 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,228 |
Net Income from Fundraising Events | -$14,389 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,286,724 |
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. | $108,041 |
Compensation of current officers, directors, key employees. | $27,011 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $899,049 |
Pension plan accruals and contributions | $11,880 |
Other employee benefits | $63,260 |
Payroll taxes | $69,099 |
Fees for services: Management | $0 |
Fees for services: Legal | $162 |
Fees for services: Accounting | $156,874 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $20,837 |
Fees for services: Investment Management | $2,640 |
Fees for services: Other | $133,333 |
Advertising and promotion | $5,389 |
Office expenses | $51,644 |
Information technology | $16,100 |
Royalties | $0 |
Occupancy | $238,829 |
Travel | $76,700 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,094 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $224,090 |
Insurance | $89,358 |
All other expenses | $22,519 |
Total functional expenses | $2,345,772 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $128,736 |
Savings and temporary cash investments | $16,217 |
Pledges and grants receivable | $55,000 |
Accounts receivable, net | $93,884 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $9,541 |
Net Land, buildings, and equipment | $3,290,011 |
Investments—publicly traded securities | $2,592,205 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $303,917 |
Total assets | $6,489,511 |
Accounts payable and accrued expenses | $116,289 |
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 | $2,708,603 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $267,648 |
Total liabilities | $3,092,540 |
Net assets without donor restrictions | $3,282,957 |
Net assets with donor restrictions | $114,014 |
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 | $6,489,511 |