HAVEN HUBBARD HOMES INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1920

Legal Domicile

Phone

5746542200

Tax Period

2024-07-01 to 2025-06-30

HAVEN HUBBARD HOMES INC, founded in 1920, is a community nonprofit in the Housing & Shelter sector that reported $8.7M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $10.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

HAMILTON GROVE CREATES A DYNAMIC LIVING COMMUNITY THAT EMBRACES THE CREATIVITY, CONTRIBUTIONS AND CHALLENGES OF AGING FOR ALL, GROUNDED IN SERVICE EXCELLENCE, COMPASSIONATE CARE AND METHODIST VALUES.

Program Service Accomplishments

Program 1

Expenses: $9,359,857 Revenue: $8,377,196

HAVEN HUBBARD HOMES, INC D/B/A HAMILTON GROVE (HG) IS A NON- PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO 140 RESIDENTS ON A 250-ACRE...

HAVEN HUBBARD HOMES, INC D/B/A HAMILTON GROVE (HG) IS A NON- PROFIT COMMUNITY BENEFIT CORPORATION THAT PROVIDES CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVICES TO 140 RESIDENTS ON A 250-ACRE CAMPUS. HG IS AFFILIATED WITH A HUD HOUSING ORGANIZATION ON ITS CAMPUS THAT IS INTEGRATED INTO HG'S SERVICES. THIS ORGANIZATION SERVES OVER 100 RESIDENTS. HG PROVIDES CCRC SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. THE ORGANIZATION ALSO PROVIDES MANAGEMENT SERVICES TO CHICAGO TRAIL VILLAGE, A RELATED TAX-EXEMPT ORGANIZATION THAT PROVIDES AFFORDABLE HUD HOUSING, PROGRAMS, AND SERVICES FOR OLDER ADULTS. INDEPENDENT LIVING RESIDENTS PAY A LIFE-LEASE ENTRY FEE TO OCCUPY THE RESIDENCE AND PAY A MONTHLY SERVICE FEE FOR SERVICES RENDERED. ASSISTED LIVING AND SKILLED NURSING RESIDENTS PAY A MONTHLY OR DAILY FEE FOR SERVICES RENDERED. ADDITIONALLY, THEY HAVE SOME A LA CARTE FEES FOR INCIDENTALS AND SUPPLIES. RESIDENTS WHO DO NOT MISUSE THEIR ASSETS MAY BE ELIGIBLE FOR SUPPORT FROM HG IF THEIR ASSETS RUN OUT. OVER 15% OF TOTAL REVENUES WERE USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDES THE FOLLOWING AMOUNT: INDIGENT CARE/CHARITY CARE $1,297,466.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,770

Program Service Revenue $8,304,997

Investment Income $214,232

Other Revenue $169,195

TOTAL REVENUE $8,695,194

Expense Breakdown

Grants Paid $12,600

Salaries & Benefits $4,298,406

Fundraising Expenses $0

Program Expenses $9,359,857

Other Expenses $6,337,575

TOTAL EXPENSES $10,648,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,695,194	$10,346,137	-0.2%
Expenses	$10,648,581	$11,355,528	-0.1%
Net Income	$-1,953,387	$-1,009,391	+0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

139

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$686,881

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL SWOPE	CHAIR	1.0	Officer Director	$0	$0	$0
BARBARA LOW	BOARD MEMBER	1.0	Director	$0	$0	$0
JEREMY WILLIAMSON	BOARD MEMBER	1.0	Director	$0	$0	$0
KALVIN MORRISON	BOARD MEMBER	1.0	Director	$0	$0	$0
MARCY KAUFFMAN	BOARD MEMBER	1.0	Director	$0	$0	$0
MINDIE COLANESE	BOARD MEMBER	1.0	Director	$0	$0	$0
VICKIE VAN NEVEL	BOARD MEMBER	1.0	Director	$0	$0	$0
AIMEE RIEMKE	ASSISTANT SECRETARY	1.0	Officer	$0	$31,415	$193,933
CALLIE SELNER HARTUNG	ASSISTANT TREASURER (LEFT 08/24)	1.0	Officer	$0	$7,612	$67,998
CARLOS ROMERO	PRESIDENT (LEFT 08/24)	36.0	Officer	$0	$8,302	$125,334
ERIC HERSHBERGER	TREASURER (LEFT 04/25)	1.0	Officer	$0	$5,564	$95,367
RYDELL BONTRAGER	SECRETARY	1.0	Officer	$0	$43,366	$204,249
ANGELICA SANTOS	RN	1.0	Highest	$106,228	$13,450	$119,678
CHIMWEMWE CHIMUTU	CNA	1.0	Highest	$116,109	$31,347	$147,456
TRACIE MEJIA	LPN	1.0	Highest	$121,815	$6,060	$127,875
YAW TWUM	CNA	1.0	Highest	$103,141	$22,681	$125,822

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$8,695,194	$10,648,581	$10,925,404	$-1,953,387
2024	$10,346,137	$11,355,528	$11,517,766	$-1,009,391
2023	$11,902,417	$13,551,202	$12,782,406	$-1,648,785
2022	$10,783,740	$12,708,783	$12,119,904	$-1,925,043
2021	$10,848,781	$11,546,126	$11,096,648	$-697,345
2020	$8,213,218	$8,006,611	$13,233,962	$206,607
2019	$7,009,388	$7,176,022	$12,590,166	$-166,634
2018	$7,129,758	$7,143,898	$13,023,097	$-14,140