CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOPE FOR SENIORS FOUNDATION, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $13K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 69% operating margin.
THE ORGANIZATION WAS FORMED TO DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR SENIOR CITIZENS AND RELATED SERVICES IN ITS CHICAGO NEIGHBORHOOD NEAR LAWRENCE & KEDZIE AVES.
SERVES AS CO-GP IN A PARTNERSHIP THAT PROVIDES 56 UNITS OF 100% LOW INCOME SENIOR HOUSING IN CHICAGO. THE DEVELOPMENT WAS COMPLETED AND FULLY OCCUPIED IN 2014. THE ORGANIZATION ORIGINALLY CONTRIBUTED...
SERVES AS CO-GP IN A PARTNERSHIP THAT PROVIDES 56 UNITS OF 100% LOW INCOME SENIOR HOUSING IN CHICAGO. THE DEVELOPMENT WAS COMPLETED AND FULLY OCCUPIED IN 2014. THE ORGANIZATION ORIGINALLY CONTRIBUTED LAND AND CASH VALUED IN EXCESS OF $1.6 MILLION TO THE PARTNERSHIP WHICH WAS CONTRIBUTED TO IT BY CTA AND STATE OF ILLINOIS. THE PARTNERSHIP THEN USED SUCH LAND AND CASH TO CONSTRUCT THE SENIOR LOW INCOME HOUSING FACILITY. THERE ARE NONE TO NOMINAL COSTS INCURRED ANNUALLY TO PERFORM THIS MISSION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $12,601 | $7,001 | +0.8% |
| Expenses | $3,920 | $7,745 | -0.5% |
| Net Income | $8,681 | $-744 | -12.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RIZWAN AHMED KAHN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| SALMAN AHMED KAHN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| MAZHAR A KAHN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| ALTAF TALATY | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| RIZWAN HUSSAIN | Pres & director | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $12,601 | $3,920 | $1,654,416 | $8,681 |
| 2023 | $7,001 | $7,745 | $1,645,735 | $-744 |
| 2022 | $8,397 | $542 | $1,646,479 | $7,855 |
| 2021 | No data | $3,975 | $1,638,624 | No data |
| 2020 | $8,392 | $664 | $1,642,599 | $7,728 |
| 2019 | $8,408 | $686 | $1,634,871 | $7,722 |
| 2018 | $283 | No data | $1,627,149 | No data |
Compare HOPE FOR SENIORS FOUNDATION with other nonprofits in Illinois and across the country.