I Am Able Center For Family Development
- Assets
- $954.3k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 33
- Location
- Chicago, IL
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 36-3861251
Organization Overview
I Am Able Center For Family Development is located in Chicago, IL. The organization was established in 1993. 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, I Am Able Center For Family Development employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Am Able Center For Family Development 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, I Am Able Center For Family Development generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 25.0% per year over the past 6 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
I AM ABLE'S PURPOSE IS TO ENHANCE OPPORTUNITIES FOR CHILDREN AND THEIR FAMILIES TO EXPERIENCE OPTIMAL SOCIAL, PSYCHOLOGICAL AND EMOTIONAL OUTCOMES BY OFFERING AN ARRAY OF INTEGRATED SERVICES TO MEET THE NEEDS OF THE CHILD WELFARE POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SOCIAL AND PSYCHOLOGICAL COUNSELING SERVICES FOR FAMILIES AND CHILDREN ON THE WESTSIDE OF CHICAGO. OVER 476 CLIENTS SERVED.
AN 18-MONTH THERAPEUTIC, LIFE COACHING, HEALTHY LIFE MODEL OF CARE THAT EXPOSES 13-17 YEAR OLD YOUTH, WHO ARE AT THE GREATEST RISK OF BEING PERPETRATORS OR VICTIMS OF GUN VIOLENCE IN CHICAGO, TO LIFE CHANGING CLINICAL SERVICES AND EXPOSURE ACTIVITIES THAT WILL HELP THEM REALIZE THE URGENCY OF SAFETY, EXPLORINGBMORE OF WHAT LIFE HAS TO OFFER, ACADEMIC ENGAGEMENT AND A MEANINGFUL FUTURE THAT THEY LIVE TO ENJOY AND CONTRIBUTE TO AS THEY BECOME HEALTHY DECISION-MAKERS WHO ALONG WITH THEIR PARENTS
WELLNESS HEALS IS A CRISIS RESPONSE SYSTEM FOR THE NORTH LAWNDALE COMMUNITY IN CHICAGO THAT IS DESIGNED TO REDUCE EMERGENCY ROOM VISITS AND PSYCHIATRIC HOSPITALIZATION RESULTING IN IMPROVED HEALTH OUTCOMES.
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Carolyn L Vessel CEO | OfficerTrustee | 40 | $120,707 |
Vincent Osaghae Treasurer | OfficerTrustee | 5 | $0 |
Debra Wesley Executive Vice President | Trustee | 5 | $0 |
Dr Katherine Campbell Director | Trustee | 5 | $0 |
Sherneron Hilliard Director | Trustee | 5 | $0 |
Clay B Wortham Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,677,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,119,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,797,553 |
| Total Program Service Revenue | $1,419 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,798,972 |
| 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. | $375,898 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,121,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,225 |
| Payroll taxes | $116,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $117,868 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,595 |
| Travel | $20,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,610 |
| Interest | $3,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,753 |
| Insurance | $51,742 |
| All other expenses | $646,544 |
| Total functional expenses | $2,697,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,640 |
| 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 | $0 |
| Net Land, buildings, and equipment | $185,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $954,278 |
| Accounts payable and accrued expenses | $9,372 |
| Grants payable | $0 |
| Deferred revenue | $58,262 |
| 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 | $75,523 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $143,157 |
| Net assets without donor restrictions | $811,121 |
| Net assets with donor restrictions | $0 |
| 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 | $954,278 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that I Am Able Center For Family Development has recieved totaling $732,418.
| Awarding Organization | Amount |
|---|---|
Chicago Cred Inc Chicago, IL PURPOSE: GENERAL SUPPORT | $714,720 |
Greater Chicago Food Depository Chicago, IL PURPOSE: DISTRIBUTE TO THE HUNGRY | $17,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |
Residential Options Inc Alton, IL | $11,785,898 | $11,284,358 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |
Oak Park Residence Corp Oak Park, IL | $43,726,959 | $10,429,189 |
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |