Dupage Homeownership Center Inc
- Assets
- $913.6k
- Revenue
- $455.4k
- Investments
- $0.0
- Employees
- 16
- Location
- Wheaton, IL
- Founding
- 12/1991
- Data as of
- 06/2021
- EIN
- 36-3770757
Organization Overview
Dupage Homeownership Center Inc is located in Wheaton, IL. The organization was established in 1991. 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 06/2021, Dupage Homeownership Center Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dupage Homeownership Center 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 06/2021, Dupage Homeownership Center Inc generated $455.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $734.0k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE RESPONSIBLE SUSTAINABLE HOMEOWNERSHIP, WITH AN EMPHASIS ON SERVING FIRST-TIME HOMEBUYERS, LOW-AND MODERATE-INCOME HOUSEHOLDS AND HOMEOWNERS IN CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNERSHIP PRESERVATION SERVICES - FREE WORKSHOPS AND INDIVIDUAL COUNSELING TO HELP HOMEOWNERS IN FINANCIAL CRISIS PREVENT FORECLOSURE, AS WELL AS FREE REVERSE MORTGAGE COUNSELING TO HELP SENIOR HOMEOWNERS OBJECTIVELY EXPLORE OPTIONS TO INCREASE CASH FLOW AND MAINTAIN INDEPEDENCE.
PREPURCHASE AND FINANCIAL LITERACY SERVICES - FREE EDUCATION CLASSES AND INDIVIDUAL COUNSELING TO HELP FIRST-TIME HOMEBUYERS AND RENTERS (PARTICULARLY LOW-INCOME HOUSEHOLDS AND OTHER TRADITIONALLY UNDERSERVED POPULATIONS) IMPROVE THEIR FINANCIAL MANAGEMENT SKILLS, MAKE INFORMED CONSUMER CHOICES AND BECOME RESPONSIBLE HOMEOWNERS OR RENTERS.
COMMUNITY EDUCATION AND OUTREACH - COMMUNITY EDUCATION, OUTREACH AND COLLABORATION ON AFFORDABLE HOUSING ISSUES, INCLUDING COORDINATION OF THE AFFORDABLE HOUSING BREAKFAST GROUP THREE TIMES EACH YEAR IN COOPERATION WITH WHEATON COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne O'dell Frmr Exec Dir. | Officer | 40 | $78,789 |
Matt Weisseg Treasurer | Officer | 1 | $0 |
Amy Robey Chair | Officer | 2 | $0 |
Lora Matthews Fausett Vice Chair | Officer | 1 | $0 |
Frank Binetti Director | Trustee | 1 | $0 |
Ann Marie Bianchi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,172 |
| Total Program Service Revenue | $12,254 |
| Investment income | $11,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,448 |
| 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. | $78,789 |
| Compensation of current officers, directors, key employees. | $6,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,185 |
| Payroll taxes | $39,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,410 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,000 |
| Travel | $135 |
| 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 | $6,519 |
| Insurance | $10,732 |
| All other expenses | $19,071 |
| Total functional expenses | $733,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,227 |
| Savings and temporary cash investments | $616,001 |
| Pledges and grants receivable | $29,798 |
| Accounts receivable, net | $65,172 |
| 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 | $2,496 |
| Net Land, buildings, and equipment | $5,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$17,949 |
| Total assets | $913,633 |
| Accounts payable and accrued expenses | $45,608 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,608 |
| Net assets without donor restrictions | $838,227 |
| Net assets with donor restrictions | $29,798 |
| 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 | $913,633 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Dupage Homeownership Center Inc has recieved totaling $62,522.
| Awarding Organization | Amount |
|---|---|
Dupage Community Foundation Downers Grove, IL PURPOSE: EDUCATIONAL/LITERACY | $28,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,500 |
Community Foundation Of The Fox River Valley Aurora, IL PURPOSE: BENEFIT GREATER AURO | $5,500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
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 |