To increase affordable home ownership in under resourced communities

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 202 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $465K a year · 50% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $638K in investments, Pt X · Ln 11–13
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$117K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 11 voting members
Looks good: 8 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-0.5% vs prior year
Spent
$985K
To programs
76%
Net assets
$4.0M
By yearFY2020–FY2024
Revenue
$1.1M
FY2024-0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$750K
FY2021$862K
FY2022$946K
FY2023$1.1M
FY2024$1.1M
Expenses
$985K
FY2024▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2020$223K
FY2021$193K
FY2022$302K
FY2023$641K
FY2024$985K
Net assets
$4.0M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.8M
FY2022$3.5M
FY2023$3.9M
FY2024$4.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2017.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $751K Management & general 18% · $173K Fundraising 6% · $60K

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

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990; $3K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$3,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

David Weil’s $3K as President is at the 0th percentile of top reported officer pay among 3869 $1–10M human services 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 · 1 named individual · Part VII

NameFY2024FY2023
David Weil$3,000$7,500

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.

See Renew Communities Nfp executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 people in underserved areas buy affordable homes.

Questions for Renew Communities Nfp

Tap to ask. Renew Communities Nfp sees how many people are interested.

Your first name shows with your question. Renew Communities Nfp answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $751K · in their own filed words · FY2024
01

Matthew Homes

Renew is a nonprofit corporation seeking to promote and accelerate revitalization in the city of north chicago, illinois, through its attainable housing program, called matthew homes. Renew's goal is to increase attainable home ownership for 300 families and encourage family engagement in the neighborhood and community.

$751Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$37K
Money outPt IX
$985K
Ln 25
Programscol B$751K
Managementcol C$173K
Fundraisingcol D$60K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$4.1M
LiabilitiesLn 26$117K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Noncash giftsLn 1g$100K
Fundraising eventsLn 1c$224K
Investment incomeLn 3$37K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$163K
Cash and savings togetherLn 1–2$163K
InvestmentsLn 11–13$638K
Land, buildings, equipmentLn 10c$37K
Other assetsLn 15$534K
Total assetsLn 16$4.1M
LiabilitiesLn 26$117K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6202
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$114K$163K
InvestmentsLn 11–13$361K$638K
Land, buildings, equipmentLn 10c$45K$37K
Total assetsLn 16$4.0M$4.1M
LiabilitiesLn 26$112K$117K
Net assetsLn 32$3.9M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3K$3K
Other salaries and wagesLn 7$465K$253K$165K$47K
Other employee benefitsLn 9$47K$47K
Payroll taxesLn 10$64K$64K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$29K$11K$6K$11K
Office expensesLn 13$11K$11K
Information technologyLn 14$8K$8K
OccupancyLn 16$2K$2K
TravelLn 17$10K$10K
Depreciation, depletion and amortizationLn 22$48K$46K$1K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$241K$238K$2K$1K
Total functional expensesLn 25$985K$751K$173K$60K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$985K$67K$4.0M 990 PDF
FY2023 $1.1M$641K$416K$3.9M 990 PDF
FY2022 $946K$302K$644K$3.5M 990 PDF
FY2021 $862K$193K$670K$2.8M 990 PDF
FY2020 $750K$223K$527K$2.2M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,051,663 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,205,682$1,654,028
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $26,150$36,926
I-11 Other revenuePrior year −$175,388−$639,291
I-12 Total revenuePrior year $1,056,444$1,051,663
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 $324,197$579,346
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $316,385$405,502
I-18 Total expensesPrior year $640,582$984,848
I-19 Revenue less expensesPrior year $415,862$66,815
Part VI · Governance 8 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members8
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 $1,051,663 across 8 lines filed
Lines not itemized here account for −$829,241 of total revenue; see the IRS return.
VIII-1c Fundraising events$223,747
VIII-1d Related organizations$50,853
VIII-1f All other contributions, gifts and grants$1,379,428
VIII-1g Noncash contributions (included above)$100,149
VIII-1h Total contributions, gifts and grants$1,654,028
VIII-3 Investment incomeExcluded from tax $36,926$36,926
VIII-8 Net income from fundraising eventsExcluded from tax $189,950$189,950
VIII-12 Total revenueRelated to mission −$829,241 · Unrelated business $0 · Excluded from tax $226,876$1,051,663
Part IX · Statement of functional expenses $984,848 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $3,000$3,000
IX-7 Other salaries and wagesPrograms $253,241 · Management $164,559 · Fundraising $47,499$465,299
IX-9 Other employee benefitsPrograms $46,613$46,613
IX-10 Payroll taxesPrograms $64,434$64,434
IX-11b Legal feesPrograms $9,628$9,628
IX-11c Accounting feesPrograms $25,100$25,100
IX-11g Other fees for servicesPrograms $14,893$14,893
IX-12 Advertising and promotionPrograms $11,452 · Management $5,726 · Fundraising $11,452$28,630
IX-13 Office expensesPrograms $10,866$10,866
IX-14 Information technologyPrograms $7,858$7,858
IX-16 OccupancyPrograms $2,500$2,500
IX-17 TravelPrograms $10,106$10,106
IX-22 Depreciation, depletion and amortizationPrograms $46,199 · Management $1,326$47,525
IX-23 InsurancePrograms $7,809$7,809
IX-24 Other expenses (24a–d)Programs $237,781 · Management $1,641 · Fundraising $1,165$240,587
IX-25 Total functional expensesPrograms $751,480 · Management $173,252 · Fundraising $60,116$984,848
Part X · Balance sheet $4,069,054 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $113,556$162,575
X-4 Accounts receivableStart of year $785$535
X-8 Inventories for sale or useStart of year $3,316,924$2,694,979
X-9 Prepaid expenses and deferred chargesStart of year $6,577$1,722
X-10c Land, buildings and equipment, netStart of year $45,348$37,400
X-11 Publicly traded securitiesStart of year $361,250$638,176
X-15 Other assetsStart of year $153,083$533,667
X-16 Total assetsStart of year $3,997,523$4,069,054
X-17 Accounts payable and accrued expensesStart of year $112,468$117,184
X-26 Total liabilitiesStart of year $112,468$117,184
X-27 Net assets without donor restrictionsStart of year $3,885,055$3,951,870
X-32 Total net assets or fund balancesStart of year $3,885,055$3,951,870
X-33 Total liabilities and net assetsStart of year $3,997,523$4,069,054
Part XI · Reconciliation of net assets $3,951,870 net assets at year end
XI-1 Total revenue$1,051,663
XI-2 Total expenses$984,848
XI-3 Revenue less expenses$66,815
XI-4 Net assets at start of year$3,885,055
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,951,870

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.