Pads To Hope Inc
- Assets
- $6.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 28
- Location
- Palatine, IL
- Founding
- 01/1995
- Data as of
- 06/2022
- EIN
- 36-3919018
Organization Overview
Pads To Hope Inc is located in Palatine, IL. The organization was established in 1995. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Pads To Hope Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pads To Hope 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, Pads To Hope Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 13.7% 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 INDIVIDUALLY ASSESS AND SERVE THE HOMELESS AND NEAR HOMELESS; WHILE BROADENING COMMUNITY AWARENESS AND INVOLVEMENT WITH THE HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOMELESS AND NEAR HOMELESS INDIVIDUALS OVERNIGHT STAYS AND MEALS AT AREA SHELTERS AND HOTELS.
PROVIDE HOMELESS AND NEAR HOMELESS INDIVIDUALS OVERNIGHT STAYS AND MEALS AT AREA SHELTERS AND HOTELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Nabors Executive Director | OfficerTrustee | 40 | $104,387 |
Paul Adamczyk Treasurer | OfficerTrustee | 0 | $0 |
Anthony Butler Board President | OfficerTrustee | 0 | $0 |
Cliff Cadle Board Member | OfficerTrustee | 0 | $0 |
Lori Lenard Vice President | OfficerTrustee | 0 | $0 |
Norene Rolenitus Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $285,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,971,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,256,754 |
| Total Program Service Revenue | $0 |
| Investment income | $6,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $233,113 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,496,116 |
| 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. | $104,387 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $764,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000,822 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,582 |
| Travel | $0 |
| 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 | $24,410 |
| Insurance | $67,341 |
| All other expenses | $0 |
| Total functional expenses | $2,060,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,572,053 |
| Savings and temporary cash investments | $2,709,207 |
| Pledges and grants receivable | $73,907 |
| Accounts receivable, net | $152,558 |
| 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 | $6,070 |
| Net Land, buildings, and equipment | $1,990,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,504,553 |
| Accounts payable and accrued expenses | $10,579 |
| 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 | $10,579 |
| Net assets without donor restrictions | $2,950,216 |
| Net assets with donor restrictions | $3,543,758 |
| 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 | $6,504,553 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Pads To Hope Inc has recieved totaling $156,506.
| Awarding Organization | Amount |
|---|---|
United Way Of Metropolitan Chicago Inc Chicago, IL PURPOSE: PROGRAM SUPPORT | $58,700 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $24,070 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Rotary Club Of Palatine Foundation Palatine, IL | | $10,000 |
Greater Chicago Food Depository Chicago, IL PURPOSE: DISTRIBUTE TO THE HUNGRY | $9,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Patrick Center St Louis, MO | $22,313,379 | $19,679,284 |
Hope Ministries Des Moines, IA | $32,049,677 | $18,458,920 |
Public Action To Deliver Shelter Inc Aurora, IL | $12,470,184 | $13,170,829 |
Coalition For The Homeless Louisville, KY | $2,693,256 | $7,398,778 |
Morning Star Mission Ministries Joliet, IL | $8,251,113 | $7,988,362 |
Facing Forward To End Homelessness Chicago, IL | $3,939,429 | $6,966,734 |
South Suburban Council On Homelessness Mokena, IL | $151,033 | $4,375,749 |
Inspiration Corporation Chicago, IL | $3,598,535 | $5,094,126 |
Inner Voice Incorporated Chicago, IL | $1,141,501 | $3,883,982 |
Hillcrest Ministries Of Midamerica Inc Kansas City, MO | $6,469,883 | $4,066,615 |
Aurora Inc Evansville, IN | $1,313,809 | $3,511,663 |
Homeless Assistance Leadership Organization Incorporated Racine, WI | $4,400,299 | $2,971,990 |