Home Of The Sparrow Inc
- Assets
- $8.9m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 134
- Location
- McHenry, IL
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 36-3494491
Organization Overview
Home Of The Sparrow Inc is located in McHenry, IL. The organization was established in 1988. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Home Of The Sparrow Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Of The Sparrow 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 06/2022, Home Of The Sparrow Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE HOPE, OPPORTUNITY, AND SUPPORT THAT EMPOWERS WOMEN AND CHILDREN AS THEY JOURNEY FROM HOMELESSNESS TO SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARROWS NEST THIS PROGRAM HAS SEVEN THRIFT STORE LOCATION CARY, MCHENRY, MUDELEIN, PALATINE, WOODSTOCK, THIRD LAKE AND ARLINGTON HEIGHTS. INVENTORY FOR THE STORES IS RECEIVED FROM DONATIONS WHICH ARE THEN RE-SOLD. THE INCOME FROM SALES HELPS TO SUPPORT EXISTING PROGRAMS WITHIN THE ORGANIZATION.
AFFORDABLE HOUSING PROGRAM THE ORGANIZATION HAS 29 UNITS OF AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES WHO WERE HOMELESS, OR AT RISK OF BECOMING HOMELESS. THESE HOUSING UNITS ARE FOR WOMEN AND THEIR CHILDREN WHO HAVE AN ANNUAL INCOME OF 50 PERCENT OR LESS OF THE AREA MEDIAN INCOME, OFFERING A SAFE, COMFORTABLE PLACE TO LIVE.
SUBSIDIZED APARTMENT PROGRAM SAP FORMERLY TRANSITIONAL APARTMENT PROGRAM THIS PROGRAM PROVIDES A VITAL BRIDGE BETWEEN THE TRANSITIONAL SHELTER AND PERMANENT HOUSING WITHIN THE COMMUNITY. SAP OFFERS THREE UNITS OF SUBSIDIZED HOUSING FOR CLIENTS WHO HAVE A JOB BUT CANNOT AFFORD TO PAY AFFORDABLE HOUSING PROGRAM RENT. MANY OF THESE CLIENTS NEED TO PAY OFF UTILITY ARREARS AND REPAIR CREDIT HISTORY BEFORE THEY BECOME ELIGIBLE TO SIGN A RENTAL CONTRACT FOR HOUSING IN THE COMMUNITY. SAP CLIENTS GENERALLY STAY IN THE PROGRAM FOR A YEAR BEFORE MOVING INTO THE ORGANIZATIONS AFFORDABLE HOUSING PROGRAM OR INTO OTHER HOUSING WITHIN THE COMMUNITY. RAPID REHOUSING PROGRAM THROUGH GRANTS FROM THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT HUD, THE ORGANIZATION MANAGES SHORT-TERM TO MEDIUM-TERM RENTAL ASSISTANCE FOR FAMILIES WHO HAVE EMPLOYMENT BUT HAVE EXPERIENCED A LIFE-EVENT THAT PUT THEM INTO FINANCIAL JEOPARDY. THESE FAMILIES ARE READY TO BYPASS TRANSITIONAL SHELTER SERVICES AND ENTER DIRECTLY INTO AN APARTMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Kostecki Executive Director | Trustee | 40 | $105,063 |
Diana Passarelli President | OfficerTrustee | 4 | $0 |
Barbara Webb Secretary | OfficerTrustee | 4 | $0 |
Dean Karamagianis Treasurer | OfficerTrustee | 4 | $0 |
Brian Silver Vice President | OfficerTrustee | 4 | $0 |
Jim Thorpe Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,884 |
| Related organizations | $0 |
| Government grants | $1,808,917 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,443,022 |
| Noncash contributions included in lines 1a–1f | $69,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,368,823 |
| Total Program Service Revenue | $190,931 |
| Investment income | $58,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,437 |
| Net Income from Fundraising Events | -$23,681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,136,345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,775,187 |
| 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. | $117,810 |
| Compensation of current officers, directors, key employees. | $5,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,693,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $205,109 |
| Payroll taxes | $210,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,478 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,989 |
| Fees for services: Other | $82,800 |
| Advertising and promotion | $0 |
| Office expenses | $335,518 |
| Information technology | $72,085 |
| Royalties | $0 |
| Occupancy | $1,590,482 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,682 |
| Insurance | $84,469 |
| All other expenses | $0 |
| Total functional expenses | $6,438,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,724,159 |
| Pledges and grants receivable | $174,333 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $788,146 |
| Prepaid expenses and deferred charges | $5,188 |
| Net Land, buildings, and equipment | $3,269,416 |
| Investments—publicly traded securities | $815,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,874 |
| Total assets | $8,853,100 |
| Accounts payable and accrued expenses | $203,558 |
| 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 | $124,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $327,958 |
| Net assets without donor restrictions | $8,029,855 |
| Net assets with donor restrictions | $495,287 |
| 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 | $8,853,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Home Of The Sparrow Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Hale Foundation Barrington, IL PURPOSE: OPERATING FUNDS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Union Mission Inc Kansas City, MO | $45,807,179 | $22,233,320 |
Connections For The Homeless Inc Evanston, IL | $3,076,427 | $13,787,312 |
The Fort Wayne Rescue Mission Ministries Inc Fort Wayne, IN | $18,135,638 | $8,056,165 |
Hvaf Of Indiana Inc Indianapolis, IN | $15,568,459 | $14,316,615 |
Hope Center Inc Lexington, KY | $15,963,477 | $9,458,031 |
Dupage P A D S Inc Wheaton, IL | $16,069,911 | $10,468,502 |
Restart Inc Kansas City, MO | $6,621,835 | $7,572,954 |
Guest House Of Milwaukee Inc Milwaukee, WI | $4,668,756 | $7,591,185 |
Porchlight Inc Madison, WI | $20,932,700 | $8,054,019 |
La Casa Norte Chicago, IL | $17,596,315 | $9,177,000 |
Depaul Usa Inc Chicago, IL | $9,840,575 | $10,359,318 |
Home Of The Sparrow Inc McHenry, IL | $8,853,100 | $7,775,187 |