Housing Continuum INC FY2021 filing

Tax-deductible

Elgin, IL501(c)(3)HousingEIN 36-3990758Revenue $274K in FY2021

On file with the IRScci-hci.org100 S Hawthorne St, 60123-5874 · Elgin, ILTax-exempt since Nov 1997Publicly supported charity — 170(b)(1)(A)(vi)

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Create and maintain affordable Housing.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $18K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$387K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$274K
Spent
$249K
To programs
84%
Net assets
$462K
By yearFY2021–FY2025
Revenue
$274K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$274K
FY2022$393K
FY2023$161K
FY2024$224K
FY2025$249K
Expenses
$249K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$249K
FY2022$327K
FY2023$143K
FY2024$255K
FY2025$236K
Net assets
$462K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$462K
FY2022$528K
FY2023$546K
FY2024$515K
FY2025$527K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $210K Management & general 16% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$5,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tosch Lowell’s $5K as Executive Director is at the 4th percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Tosch Lowell$5,000$5,000$5,000——
Lowell Tosch———$5,000$5,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Build and preserve affordable homes for people in need.

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Provided by the organization

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1 program · $210K · in their own filed words · FY2020
01

Administer purchase / resale program and manage low income rental program to assist low income families in meeting their housing needs. Four properties completed for resale and sixteen families assisted through the rental programs.

$210Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$274K
Ln 12
Gifts and grantsLn 1h$205K
Fees for servicesLn 2g$68K
Other incomeLn 4–11$22
Money outPt IX
$249K
Ln 25
Programscol B$210K
Managementcol C$39K
Owns and owesPt X
$462K
net assets · Ln 32
Cash and savingsLn 1–2$377K
Total assetsLn 16$849K
LiabilitiesLn 26$387K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$205K
Government grantsLn 1e$205K
Fees for servicesLn 2g$68K
Other incomeLn 4–11$22
Total revenueLn 12$274K
Assets in detailPt X, end of year
CashLn 1$377K
Cash and savings togetherLn 1–2$377K
Land, buildings, equipmentLn 10c$465K
Other assetsLn 15$4K
Total assetsLn 16$849K
LiabilitiesLn 26$387K
Net assetsLn 32$462K
OperationsPt I, VI
EmployeesI 51
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$305K$377K
Land, buildings, equipmentLn 10c$470K$465K
Total assetsLn 16$825K$849K
LiabilitiesLn 26$387K$387K
Net assetsLn 32$438K$462K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$5K$5K
Payroll taxesLn 10$383$383
Management feesLn 11a$20K$20K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$158K$157K$957
Office expensesLn 13$898$679$219
OccupancyLn 16$24K$24K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$10K$5K$5K
Other expenses (24a–d)Ln 24$6K$6K$97
Total functional expensesLn 25$249K$210K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $249K$236K$12K$527K 990 PDF
FY2024 $224K$255K−$31K$515K 990 PDF
FY2023 $161K$143K$18K$546K 990 PDF
FY2022 $393K$327K$66K$528K 990 PDF
FY2021 Viewing $274K$249K$25K$462K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $273,680 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $718,564$205,306
I-9 Program service revenuePrior year $57,567$68,352
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,795$22
I-12 Total revenuePrior year $778,926$273,680
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,883$5,383
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $719,795$243,394
I-18 Total expensesPrior year $732,678$248,777
I-19 Revenue less expensesPrior year $46,248$24,903
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $273,680 across 5 lines filed
VIII-1e Government grants$205,306
VIII-1h Total contributions, gifts and grants$205,306
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,352$68,352
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22$22
VIII-12 Total revenueRelated to mission $68,374 · Unrelated business $0 · Excluded from tax $0$273,680
Part IX · Statement of functional expenses $248,777 across 10 lines filed
IX-5 Pay of current officers, directors and key staffManagement $5,000$5,000
IX-10 Payroll taxesManagement $383$383
IX-11a Management feesManagement $19,785$19,785
IX-11c Accounting feesManagement $7,350$7,350
IX-11g Other fees for servicesPrograms $156,647 · Management $957$157,604
IX-13 Office expensesPrograms $679 · Management $219$898
IX-16 OccupancyPrograms $24,350$24,350
IX-22 Depreciation, depletion and amortizationPrograms $17,487$17,487
IX-23 InsurancePrograms $4,593 · Management $4,990$9,583
IX-24 Other expenses (24a–d)Programs $6,240 · Management $97$6,337
IX-25 Total functional expensesPrograms $209,996 · Management $38,781 · Fundraising $0$248,777
Part X · Balance sheet $849,233 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $304,680$376,908
X-4 Accounts receivableStart of year $44,795$135
X-9 Prepaid expenses and deferred chargesStart of year $5,163$3,540
X-10c Land, buildings and equipment, netStart of year $470,319$464,507
X-15 Other assetsStart of year $0$4,143
X-16 Total assetsStart of year $824,957$849,233
X-17 Accounts payable and accrued expensesStart of year $25,529$15,222
X-25 Other liabilitiesStart of year $196,589$206,269
X-26 Total liabilitiesStart of year $387,437$386,810
X-27 Net assets without donor restrictionsStart of year $437,520$462,423
X-32 Total net assets or fund balancesStart of year $437,520$462,423
X-33 Total liabilities and net assetsStart of year $824,957$849,233
Part XI · Reconciliation of net assets $462,423 net assets at year end
XI-1 Total revenue$273,680
XI-2 Total expenses$248,777
XI-3 Revenue less expenses$24,903
XI-4 Net assets at start of year$437,520
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$462,423

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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