Foundation for Homan Square: Nonprofit Profile, Financials & Form 990 (EIN 36-4032118)

Revenue by fiscal year
FY2020	$1.8M
FY2021	$595K
FY2022	$1.2M
FY2023	$1.6M
FY2024	$1.6M

Expenses by fiscal year
FY2020	$3.0M
FY2021	$2.8M
FY2022	$3.0M
FY2023	$3.5M
FY2024	$2.9M

Net assets by fiscal year
FY2020	$55.4M
FY2021	$53.3M
FY2022	$51.4M
FY2023	$49.7M
FY2024	$48.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1996.

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

Where the money goes

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $2.4M Management & general 17% · $503K

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.

Part VII, Section A · reportable compensation

Brenda Palms Barber

Treasurer

$0Pt VII · Sec A

Michael Halbert

Member

$0Pt VII · Sec A

Nancy Olson

Member

$0Pt VII · Sec A

Rodney Jones-Tyson

Board Chair

$0Pt VII · Sec A

Sheila McNary

Member

$0Pt VII · Sec A

Yvonne Shields

Member

$0Pt VII · Sec A

See Foundation for Homan Square executive salaries →

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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

Helps Chicago families and individuals by promoting affordable housing and community development.

Provided by the organization

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1 program service account for $2.4M of program spending, described in the organization's own filed words · FY2024.

01

Facilitate, encourage and foster the welfare of low-income and underprivileged families and individuals residing in the city of chicago through promotion of affordable housing, home ownership, community redevelopment and other charitable activities

$2.4Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

John D and Alexandra C Nichols Family FoundationFY2024$400K

IffFY2024$122K

Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$20K

Center for Neighborhood TechnologyFY2024$15K

Charles H and Beverly E Shaw Foundation C/O G1 Partners LLCFY2024$5K

Kaufman Family FoundationFY2024$5K

The Lawlor Foundation C/O Hackbarth & Hudson PCFY2024$4K

Total grants receivedfrom 7 funders$571K

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By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$1.6M

Ln 12

Fees for servicesLn 2g$1.3M

Gifts and grantsLn 1h$239K

Other incomeLn 4–11$64K

Money outPt IX

$2.9M

Ln 25

Programscol B$2.4M

Managementcol C$503K

Owns and owesPt X

$48.5M

net assets · Ln 32

Cash and savingsLn 1–2$895K

Total assetsLn 16$52.6M

LiabilitiesLn 26$4.1M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$239K

Fees for servicesLn 2g$1.3M

Investment incomeLn 3$9K

Other incomeLn 4–11$64K

Total revenueLn 12$1.6M

Assets in detailPt X, end of year

CashLn 1$895K

Cash and savings togetherLn 1–2$895K

InvestmentsLn 11–13$15.0M

Land, buildings, equipmentLn 10c$28.9M

Other assetsLn 15$4.2M

Total assetsLn 16$52.6M

LiabilitiesLn 26$4.1M

Net assetsLn 32$48.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$954K	$895K
InvestmentsLn 11–13	$15.0M	$15.0M
Land, buildings, equipmentLn 10c	$30.2M	$28.9M
Total assetsLn 16	$51.9M	$52.6M
LiabilitiesLn 26	$2.2M	$4.1M
Net assetsLn 32	$49.7M	$48.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1K	$1K
Management feesLn 11a	$762K	$427K	$336K
Legal feesLn 11b	$13K		$13K
Accounting feesLn 11c	$57K		$57K
Other fees for servicesLn 11g	$1K		$1K
Office expensesLn 13	$96K		$96K
OccupancyLn 16	$108K	$108K
InterestLn 20	$15K	$15K
Depreciation, depletion and amortizationLn 22	$1.3M	$1.3M
InsuranceLn 23	$65K	$65K
Other expenses (24a–d)Ln 24	$515K	$515K
Total functional expensesLn 25	$2.9M	$2.4M	$503K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$1.6M	$2.9M	−$1.3M	$48.5M	990 PDF
FY2023	$1.6M	$3.5M	−$1.8M	$49.7M	990 PDF
FY2022	$1.2M	$3.0M	−$1.8M	$51.4M	990 PDF
FY2021	$595K	$2.8M	−$2.2M	$53.3M	990 PDF
FY2020	$1.8M	$3.0M	−$1.2M	$55.4M	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 FY2024 990 (4 parts)

Part VIII · Statement of revenue $1,628,839 across 7 lines filed

VIII-1a Federated campaigns$5,375

VIII-1f All other contributions, gifts and grants$234,025

VIII-1h Total contributions, gifts and grants$239,400

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,316,023$1,316,023

VIII-3 Investment incomeExcluded from tax $8,920$8,920

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $64,496$64,496

VIII-12 Total revenueRelated to mission $1,380,519 · Unrelated business $0 · Excluded from tax $8,920$1,628,839

Part IX · Statement of functional expenses $2,928,078 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $1,236$1,236

IX-11a Management feesPrograms $426,605 · Management $335,850$762,455

IX-11b Legal feesManagement $12,575$12,575

IX-11c Accounting feesManagement $56,650$56,650

IX-11g Other fees for servicesManagement $1,250$1,250

IX-13 Office expensesManagement $96,303$96,303

IX-16 OccupancyPrograms $107,877$107,877

IX-20 InterestPrograms $14,700$14,700

IX-22 Depreciation, depletion and amortizationPrograms $1,295,052$1,295,052

IX-23 InsurancePrograms $64,523$64,523

IX-24 Other expenses (24a–d)Programs $515,457$515,457

IX-25 Total functional expensesPrograms $2,425,450 · Management $502,628 · Fundraising $0$2,928,078

Part X · Balance sheet $52,614,674 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $953,910$894,643

X-4 Accounts receivableStart of year $82,025$21,525

X-9 Prepaid expenses and deferred chargesStart of year $1,495,490$3,583,477

X-10c Land, buildings and equipment, netStart of year $30,194,148$28,937,319

X-11 Publicly traded securitiesStart of year $818,823$898,534

X-12 Other securitiesStart of year $14,201,131$14,119,146

X-15 Other assetsStart of year $4,145,871$4,160,030

X-16 Total assetsStart of year $51,891,398$52,614,674

X-17 Accounts payable and accrued expensesStart of year $299,223$240,468

X-24 Unsecured notes and loans payableStart of year $630,643$2,665,316

X-25 Other liabilitiesStart of year $1,243,310$1,203,764

X-26 Total liabilitiesStart of year $2,175,506$4,109,548

X-27 Net assets without donor restrictionsStart of year $43,845,112$42,229,199

X-28 Net assets with donor restrictionsStart of year $5,870,780$6,275,927

X-32 Total net assets or fund balancesStart of year $49,715,892$48,505,126

X-33 Total liabilities and net assetsStart of year $51,891,398$52,614,674

Part XI · Reconciliation of net assets $48,505,126 net assets at year end

XI-1 Total revenue$1,628,839

XI-2 Total expenses$2,928,078

XI-3 Revenue less expenses−$1,299,239

XI-4 Net assets at start of year$49,715,892

XI-5 Net unrealized gains (losses) on investments$88,473

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$48,505,126

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Foundation for Homan Square

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV