RAQUANS HAVEN INC

EIN: 352244297 501(c)(3)

Waukegan, IL

Total Revenue
$114,421
Total Expenses
$84,752
Total Assets
$617,076
Net Assets
$103,263
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
IL
Principal Officer
Takeisha Baker
Phone
2243101017
Tax Period
2024-01-01 to 2024-12-31

RAQUANS HAVEN INC, founded in 2004, is a small nonprofit that reported $114K in total revenue in fiscal year 2024. The organization ran a surplus of $30K, a strong 26% operating margin.

Mission

Raquans Haven is a 501(c)(3) nonprofit organization dedicated to empowering women & single mothers to live safe, and progressive lives. We fulfill this mission by providing transitional and affordable housing, along with the tools and resources necessary for long-term stability and success.

Program Service Accomplishments

Program 1
Expenses: $65,200 Revenue: $64,651

Raquans Haven provides faith-based housing and supportive services to women and families experiencing housing instability. During the 2024 tax year, the organization provided stable housing to 6...

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Raquans Haven provides faith-based housing and supportive services to women and families experiencing housing instability. During the 2024 tax year, the organization provided stable housing to 6 families, including 4 single mothers and their children, totaling 12 children served. Additionally, the organization assisted 1 single disabled woman facing homelessness by securing permanent housing. In 2024, the organization expanded its housing capacity by purchasing a new affordable housing unit with the assistance of a partial housing grant and financing from a community lending partner. The objective of this program is to provide immediate safe and stable housing to vulnerable individuals and families. The long-term goal is to reduce homelessness among women and children by increasing access to affordable housing and supportive services that promote long-term stability and independence.

Program 2
Expenses: $13,732

Raquans Haven is developing a transitional housing program to provide short-term housing and stabilization services to women and single mothers facing homelessness. During the 2024 tax year, the...

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Raquans Haven is developing a transitional housing program to provide short-term housing and stabilization services to women and single mothers facing homelessness. During the 2024 tax year, the organization continued renovation efforts on its transitional housing property, including maintenance, utilities, insurance, and security-related expenses. The transitional housing program is expected to be completed in 2026 and will provide housing for up to 8 women and single mothers at a time, offering a safe environment and supportive services designed to transition participants into permanent housing. The objective of this program is to expand the organizations capacity to serve women in crisis. The long-term goal is to provide structured transitional housing that supports stability, self-sufficiency, and successful long-term housing outcomes.

Program 3
Expenses: $1,668

Raquans Haven provides resource assistance and mentorship to young women experiencing hardship. During the 2024 tax year, the organization distributed $1,668 in financial assistance grants to support...

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Raquans Haven provides resource assistance and mentorship to young women experiencing hardship. During the 2024 tax year, the organization distributed $1,668 in financial assistance grants to support immediate needs and reduce financial barriers. In addition, the organization provided mentorship support focused on personal development and financial literacy, equipping participants with tools for budgeting, financial planning, and long-term stability (number of sessions estimated). The organization also began connecting participants to external resources, including community-based services and support networks. The objective of this program is to provide immediate relief while equipping participants with access to resources, guidance, and support systems. The long-term goal is to expand services to include advocacy, job readiness support, referrals, and training opportunities that promote self-sufficiency, financial independence, and improved life outcomes for women served.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,770
Program Service Revenue $64,651
Investment Income $0
Other Revenue $0
TOTAL REVENUE $114,421

Expense Breakdown

Grants Paid $1,668
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,600
Other Expenses $83,084
TOTAL EXPENSES $84,752

Year-over-Year Comparison

2024 2023 Change
Revenue $114,421 $114,421 N/A
Expenses $84,752 $17,272 +3.9%
Net Income $29,669 $97,149 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
30

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Takeisha Baker President 8.00
Officer
$0 $0 $0
Yvette Wright Director 0.02
Director
$0 $0 $0
Tyler Washington Director 0.20
Director
$0 $0 $0
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
2024 $114,421 $84,752 $617,076 $29,669
2024 $114,421 $84,752 $624,844 $29,669
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