OPEN COMMUNITIES

EIN: 362934709 501(c)(3) Housing & Shelter

EVANSTON, IL

Total Revenue
$1,112,147
Total Expenses
$1,329,732
Total Assets
$1,514,155
Net Assets
$1,113,105
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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
1977
Legal Domicile
IL
Principal Officer
HERBERT BRENNER
Phone
8475015760
Tax Period
2023-07-01 to 2024-06-30

OPEN COMMUNITIES, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

FAIR HOUSING TESTING AND ENFORCEMENT; HUD CERTIFIED COUNSELING SERVICES FOR RENTERS AND HOMEOWNERS; ADVOCACY FOR FAIR AND INCLUSIVE HOUSING IN NORTH AND NORTHWEST SUBURBAN CHICAGO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $961,672
Program Service Revenue $105,510
Investment Income $46,657
Other Revenue $-1,692
TOTAL REVENUE $1,112,147

Expense Breakdown

Grants Paid $120,000
Salaries & Benefits $945,807
Fundraising Expenses $126,541
Program Expenses $1,051,181
Other Expenses $263,925
TOTAL EXPENSES $1,329,732

Year-over-Year Comparison

2023 2022 Change
Revenue $1,112,147 $1,219,454 -0.1%
Expenses $1,329,732 $1,215,294 +0.1%
Net Income $-217,585 $4,160 -53.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
17
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
5
$129,999
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL LAWRENCE CEO 50.00
Officer
$129,999 $0 $129,999
CONNIE BERMAN DIRECTOR 5.00
Director
$0 $0 $0
HERBERT BRENNER CO-PRESIDENT 5.00
Officer Director
$0 $0 $0
JESSICA FLORES TREASURER 5.00
Officer Director
$0 $0 $0
CAROL GOLDER CO-PRESIDENT 2.00
Officer Director
$0 $0 $0
ADAM KLINGHER DIRECTOR 2.00
Director
$0 $0 $0
EMILY LOVE SECRETARY 5.00
Officer Director
$0 $0 $0
GRACE MIYA DIRECTOR 2.00
Director
$0 $0 $0
ROSE SHAPIRO DIRECTOR 2.00
Director
$0 $0 $0
ROGER WILLIAMS DIRECTOR 2.00
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
2025 No data No data No data No data
2024 $1,112,147 $1,329,732 $1,514,155 $-217,585
2023 $1,219,454 $1,215,294 $1,845,541 $4,160
2022 $2,117,252 $1,131,444 $1,402,303 $985,808
2021 $989,534 $805,857 $512,117 $183,677
2020 $766,092 $731,289 $258,320 $34,803
2019 $683,238 $652,727 $197,208 $30,511
2018 $580,654 $721,044 $224,524 $-140,390
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