CHICAGO LOW INCOME HOUSING TRUST FUND

EIN: 363718992 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$22,580,146
Total Expenses
$24,513,772
Total Assets
$76,772,845
Net Assets
$73,875,212
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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
1989
Legal Domicile
IL
Principal Officer
BARRY CHATZ
Phone
3127411912
Tax Period
2023-01-01 to 2023-12-31

CHICAGO LOW INCOME HOUSING TRUST FUND, founded in 1989, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.6M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $73.9M represent 39 months of operating reserves.

Mission

LOW INCOME HOUSING THE CHICAGO LOW-INCOME TRUST FUND ASSISTS RESIDENTS LIVING IN POVERTY ,WITH INCOMES NOT EXCEEDING 30 PERCENT OF AREA MEDIAN INCOME BY PROVIDING SECURE,SAFE

Program Service Accomplishments

Program 1
Expenses: $19,015,265 Revenue: $19,360,377

PROVIDING RENT SUBSIDIES TO VERY LOW INCOME CHICAGO RESIDENTS

Program 2
Expenses: $4,906,174 Revenue: $0

NON-INTEREST, FORGIVABLE LOANS TO DEVELOPERS OF MULTI-UNIT RENT BUILDINGS CONSTRUCTED OR REHABILITATED FOR AFFORDABLE HOUSING

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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 $19,360,377
Program Service Revenue $0
Investment Income $3,219,769
Other Revenue $0
TOTAL REVENUE $22,580,146

Expense Breakdown

Grants Paid $21,278,363
Salaries & Benefits $2,262,428
Fundraising Expenses $100,000
Program Expenses $23,921,439
Other Expenses $972,981
TOTAL EXPENSES $24,513,772

Year-over-Year Comparison

2023 2022 Change
Revenue $22,580,146 $30,945,728 -0.3%
Expenses $24,513,772 $26,106,395 -0.1%
Net Income $-1,933,626 $4,839,333 -1.4%
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
32
Volunteers
10

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
3
$137,335
Total Directors
9
$0
Key Employees
1
$137,335
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNISSA LAMBIRTH-GARRETT EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$137,335 $0 $137,335
ARSHELE STEVENS DIRECTOR AND SECRETARY 5.00
Officer Director
$0 $0 $0
ANDREW GEER PRESIDENT, DIRECTOR 5.00
Officer Director
$0 $0 $0
JACQUELINE EDENS DIRECTOR 3.00
Director
$0 $0 $0
EMILIO CARRASQUILLO DIRECTOR 3.00
Director
$0 $0 $0
DR HORACE SMITH DIRECTOR 3.00
Director
$0 $0 $0
JUSTIN DEJONG DIRECTOR 3.00
Director
$0 $0 $0
BETH HORWITZ DIRECTOR 3.00
Director
$0 $0 $0
NATASHA HAMILTON DIRECTOR 3.00
Director
$0 $0 $0
VICKI ARROYO DIRECTOR, TREASURER 3.00
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
2024 No data No data No data No data
2023 $22,580,146 $24,513,772 $76,772,845 $-1,933,626
2022 $30,945,728 $26,106,395 $78,317,234 $4,839,333
2021 $24,410,244 $15,491,256 $68,435,328 $8,918,988
2020 $26,013,761 $16,678,982 $65,433,128 $9,334,779
2019 $15,322,606 $19,655,884 $62,660,169 $-4,333,278
2018 $27,806,518 $30,309,426 $68,281,931 $-2,502,908
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