CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOUSING OPPORTUNITIES AND MAINTENANCE FOR THE ELDERLY INC, founded in 1982, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $482K, a strong 17% operating margin.
COMMITTED TO IMPROVING THE QUALITY OF LIFE FOR CHICAGO'S LOW-INCOME ELDERLY, HOUSING OPPORTUNITIES AND MAINTENANCE FOR THE ELDERLY (H.O.M.E.) HELPS SENIORS REMAIN INDEPENDENT AND PART OF THEIR COMMUNITY BY OFFERING OPPORTUNITIES FOR INTERGENERATIONAL LIVING AND BY PROVIDING A VARIETY OF CITYWIDE SUPPORT SERVICES.
INTERGENERATIONAL HOUSING: H.O.M.E. OWNS AND MANAGES 78 APARTMENTS IN THREE AFFORDABLE INTERGENERATIONAL BUILDINGS WHERE SENIORS CHOOSE BETWEEN PRIVATE APARTMENTS OR, FOR THOSE WHO DESIRE MORE...
INTERGENERATIONAL HOUSING: H.O.M.E. OWNS AND MANAGES 78 APARTMENTS IN THREE AFFORDABLE INTERGENERATIONAL BUILDINGS WHERE SENIORS CHOOSE BETWEEN PRIVATE APARTMENTS OR, FOR THOSE WHO DESIRE MORE SUPPORT AND A FAMILY-LIKE SETTING, COMMUNAL LIVING RESIDENCES WITH PRIVATE ROOMS. ALL SENIORS HAVE ACCESS TO SOCIAL SERVICES AND ENGAGEMENT OPPORTUNITIES, WITH FAMILIES WITH CHILDREN AND YOUNG ADULTS LIVING ALONGSIDE OLDER ADULTS. H.O.M.E.'S OVERALL GOAL WITH ITS INTERGENERATIONAL HOUSING IS TO OWN AND MANAGE HOUSING FOR SENIORS WITH LOW INCOMES IN CHICAGO IN AN INCLUSIVE SETTING THAT CENTERS CONNECTION AND INTERGENERATIONAL COMMUNITY-BUILDING. THE FISCAL YEAR ENDED WITH TWELVE VACANCIES, OR 85% OCCUPANCY.
UPKEEP AND REPAIR PROGRAM: H.O.M.E. ADDED TWO PART-TIME ASSISTANTS TO ITS LONG-TIME CREW OF HOME REPAIR SPECIALISTS IN 2024 TO ENSURE THAT SENIOR HOMEOWNERS LIVE IN HEALTHY AND SAFE CONDITIONS BY...
UPKEEP AND REPAIR PROGRAM: H.O.M.E. ADDED TWO PART-TIME ASSISTANTS TO ITS LONG-TIME CREW OF HOME REPAIR SPECIALISTS IN 2024 TO ENSURE THAT SENIOR HOMEOWNERS LIVE IN HEALTHY AND SAFE CONDITIONS BY CONDUCTING ELECTRICAL, PLUMBING, AND CARPENTRY REPAIRS IN HISTORICALLY DISINVESTED SOUTH AND WEST SIDE NEIGHBORHOODS IN CHICAGO. SENIOR HOMEOWNERS PAY A $25 SERVICE FEE, SIGNIFICANTLY LOWER THAN OTHER SERVICE PROVIDERS, AND THE REPAIRS ALLOW SENIORS TO AGE SAFELY IN THEIR OWN HOMES. INJURY SIDELINED ONE OF THE THREE SPECIALISTS FOR MOST OF THE YEAR, RESULTING IN A LOWER NUMBER OF SENIORS SERVED THAN USUAL. H.O.M.E. COMPLETED 666 REPAIRS IN 63 HOMES.
SHOPPING BUS: H.O.M.E.'S SHOPPING BUS PROGRAM FACILITATES TRANSPORTATION TO GROCERY STORES AND OFFERS SENIORS ASSISTANCE WITH UNLOADING SHOPPING ITEMS. H.O.M.E. PARTNERS WITH SENIOR HOUSING BUILDINGS...
SHOPPING BUS: H.O.M.E.'S SHOPPING BUS PROGRAM FACILITATES TRANSPORTATION TO GROCERY STORES AND OFFERS SENIORS ASSISTANCE WITH UNLOADING SHOPPING ITEMS. H.O.M.E. PARTNERS WITH SENIOR HOUSING BUILDINGS ACROSS CHICAGO TO PROVIDE ROUNDTRIP SERVICES FOR SENIORS WITHOUT REGULAR, RELIABLE ACCESS TO HEALTHFUL FOOD AND ESSENTIAL SUPPLIES. THE BUS TRIP IS ALSO A SOCIAL EVENT. H.O.M.E. PROVIDED SHOPPING TRIPS TO 2,012 PEOPLE IN 33 BUILDINGS.
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 | $2,888,872 | $2,286,724 | +0.3% |
| Expenses | $2,407,088 | $2,345,772 | +0.0% |
| Net Income | $481,784 | $-59,048 | -9.2% |
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 |
|---|---|---|---|---|---|---|
| RAMYA RAMANATH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CELESTE KING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRAD WINICK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF MCDONALD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOEL RICE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAYLOR OVERSTREET | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SEYMOUR TURNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE YEDINAK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHREYAS SHAH | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTIAN HARRIS | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRITTA LARSON | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARL WAHLSTOM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PHILISTER LUKACEVIC | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRITTANY WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LORI BETH IRVIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GAIL SCHECHTER | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$103,315 | $10,793 | $114,108 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,888,872 | $2,407,088 | $7,428,464 | $481,784 |
| 2023 | $2,286,724 | $2,345,772 | $6,489,511 | $-59,048 |
| 2022 | $2,312,784 | $2,273,090 | $6,131,622 | $39,694 |
| 2021 | $2,600,271 | $2,357,450 | $6,919,877 | $242,821 |
| 2020 | $2,253,735 | $2,251,866 | $6,347,763 | $1,869 |
| 2019 | $2,285,531 | $2,108,558 | $6,058,180 | $176,973 |
| 2018 | $2,023,905 | $2,080,461 | $5,932,568 | $-56,556 |
Compare HOUSING OPPORTUNITIES AND MAINTENANCE FOR THE ELDERLY INC with other nonprofits in Illinois and across the country.