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Housing Opportunities And Maintenance For The Elderly Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363172591 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Housing Opportunities And Maintenance For The Elderly Inc?

Housing Opportunities and Maintenance for the Elderly Inc., based in Chicago, Illinois, is a nonprofit organization dedicated to improving the lives of low-income elderly individuals. They offer intergenerational housing, managing 78 apartments in three affordable buildings. Seniors can choose between private apartments or communal living residences with private rooms. All residents have access to social services and engagement opportunities, with families with children and young adults living alongside older adults. The organization's goal is to provide housing for seniors with low incomes in an inclusive setting that fosters connection and intergenerational community-building. H.O.M.E. also provides home repair services, a shopping bus, moving assistance, and caring volunteers, helping seniors live independently and socially engaged lives within their community. Despite pausing moves last year due to the pandemic, they ended the fiscal year with 86% occupancy.


Official website here: www.homeseniors.org

Is Housing Opportunities And Maintenance For The Elderly Inc legitimate?

Housing Opportunities And Maintenance For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities And Maintenance For The Elderly Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $110,985
Professional Fundraising Fees: $23,962
Other Salaries and Wages: $821,212

For more financial information, click here


Official website here: www.homeseniors.org

What is the mission statement of Housing Opportunities And Maintenance For The Elderly Inc?

Housing Opportunities and Maintenance for the Elderly Inc, often referred to as H.O.M.E., is dedicated to improving the quality of life for low-income elderly individuals in various communities. The organization accomplishes this by offering intergenerational housing, home repair services, a shopping bus, moving assistance, and caring volunteer support. Their primary goal is to help seniors remain independent and active members of their community. H.O.M.E. manages 78 affordable intergenerational apartments, providing seniors with the choice between private apartments or communal living residences with private rooms. All residents have access to social services and engagement opportunities, and families with children and young adults live alongside older adults, fostering an inclusive and intergenerational community-building environment. Due to the pandemic, H.O.M.E. paused all moves into its buildings last year, leaving 11 vacancies out of 78 units, with 86% occupancy.


Official website here: www.homeseniors.org

Who is the CEO of Housing Opportunities And Maintenance For The Elderly Inc?

Gail Schechter is the Director of Housing Opportunities And Maintenance For The Elderly Inc.


Official website here: www.homeseniors.org

What is the revenue of Housing Opportunities And Maintenance For The Elderly Inc?

Housing Opportunities And Maintenance For The Elderly Inc's revenue in 2022 was $2,312,784.


Official website here: www.homeseniors.org

Who are the executives of Housing Opportunities And Maintenance For The Elderly Inc and what are their salaries?

The average compensation at Housing Opportunities And Maintenance For The Elderly Inc during 2022 was $30,071. There are 31 employees and 50 volunteers at Housing Opportunities And Maintenance For The Elderly Inc.

Here are 16 key members and their salaries:

    Gail Schechter (Executive Director)
  • Compensation: $96,353
  • Related: $0
  • Other: $10,403

    • Jan Mccarron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Celeste King (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Winick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie Philpott (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel Rice (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Taylor Overstreet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Seymour Turner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Yedinak (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Venoncia Bate-Ambrus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christian Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Britta Larson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cindy Moy (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Betty Akins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philister Lukacevic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brittany Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.homeseniors.org

    Where can I find the form 990 for Housing Opportunities And Maintenance For The Elderly Inc?

    The Housing Opportunities And Maintenance For The Elderly Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.homeseniors.org

    Learn more at the official website: www.homeseniors.org

    Mission Statement of Housing Opportunities And Maintenance For The Elderly Inc

    Housing Opportunities and Maintenance for the Elderly Inc, often referred to as H.O.M.E., is committed to improving the quality of life for Chicago's low-income elderly population. Their mission is to enable seniors to live independently and be an active part of their community. H.O.M.E. achieves this by offering a range of citywide support services and providing opportunities for intergenerational living.

    In the realm of housing, H.O.M.E. owns and manages 78 affordable intergenerational buildings, offering both private apartments and communal living residences with private rooms. This unique living arrangement allows seniors to choose the level of support they need, while also fostering connections and community-building by having families with children and young adults living alongside older adults. H.O.M.E.'s goal is to maintain housing for seniors with low incomes in an inclusive setting that values connection and intergenerational community building.

    Beyond housing, H.O.M.E. offers a variety of support services to its residents. These include home repair services, a shopping bus, moving assistance, and caring volunteers. The organization's intergenerational approach extends beyond housing, aiming to create a supportive and engaging environment for seniors. During the pandemic, H.O.M.E. temporarily paused moves into its buildings, finishing the fiscal year with 11 vacancies out of 78 total units, maintaining an 86% occupancy rate.

    Impact

    This information is meant to be a general summary of Housing Opportunities And Maintenance For The Elderly Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Housing Opportunities And Maintenance For the Elderly Inc, known as H.O.M.E., has a significant impact on Chicago's low-income older adults by helping them to live independent and socially engaged lives. Through their intergenerational housing program, H.O.M.E. provides affordable housing options and support services for seniors, allowing them to choose between private apartments or communal living residences. By fostering connections between older adults, families with children, and young adults, H.O.M.E. creates a vibrant and inclusive community where seniors can thrive.

    Additionally, H.O.M.E. offers home repair services, a shopping bus, moving assistance, and caring volunteers to further support the needs of older adults in Chicago. By focusing on improving the quality of life for low-income elderly individuals, H.O.M.E. plays a vital role in helping seniors remain independent and connected to their communities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $78,972
  • Program Service Revenue: $768,032
  • Gross Receipts: $2,996,789

    • Assets and Liabilities:
  • Total Assets: $6,131,622
  • Total Liabilities: $2,801,967
  • Net Assets: $3,329,655
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENT FROM INTERGENERAT

    Revenue

    $695,755

    SHOPPING BUS REVENUE

    Revenue

    $42,151

    UPKEEP/MOVING

    Revenue

    $15,126

    SERVICE FEES

    Revenue

    $15,000

    Organization Details

    Founding Year

    1982

    Principal Officer

    Gail Schechter

    Main Address

    1419 W CARROLL AVE 2, CHICAGO, IL, 60607

    NTEE Category

    Code: L22 - Housing

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