HUMBOLDT PARK ELDERLY HOUSING CORP

EIN: 363779004 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$814,463
Total Expenses
$964,734
Total Assets
$2,538,244
Net Assets
$-1,876,838
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IL
Principal Officer
HIPOLITO ROLDAN
Phone
3126026500
Tax Period
2023-01-01 to 2023-12-31

HUMBOLDT PARK ELDERLY HOUSING CORP, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $814K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $965K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE SAFE, DECENT AND SANITARY RENTAL HOUSING FOR THE ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $857,983 Revenue: $788,162

THE CORPORATION OPERATES AN APARTMENT COMPLEX IN CHICAGO, IL, OCCUPIED BY THE ELDERLY. THE CO-SPONSORS OF THIS PROJECT ARE HISPANIC HOUSING DEVELOPMENT CORPORATION AND CASA CENTRAL, BOTH OF WHICH ARE...

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THE CORPORATION OPERATES AN APARTMENT COMPLEX IN CHICAGO, IL, OCCUPIED BY THE ELDERLY. THE CO-SPONSORS OF THIS PROJECT ARE HISPANIC HOUSING DEVELOPMENT CORPORATION AND CASA CENTRAL, BOTH OF WHICH ARE TAX EXEMPT ORGANIZATIONS.

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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 $0
Program Service Revenue $788,162
Investment Income $5,476
Other Revenue $20,825
TOTAL REVENUE $814,463

Expense Breakdown

Grants Paid $0
Salaries & Benefits $293,773
Fundraising Expenses $0
Program Expenses $857,983
Other Expenses $670,961
TOTAL EXPENSES $964,734

Year-over-Year Comparison

2023 2022 Change
Revenue $814,463 $750,045 +0.1%
Expenses $964,734 $802,046 +0.2%
Net Income $-150,271 $-52,001 +1.9%
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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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

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
4
$974,297
Total Directors
8
$1,206,434
Key Employees
2
$342,615
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY MENDOZA PRESIDENT 0.25
Officer Director
$0 $0 $0
HIPOLITO ROLDAN SECRETARY 0.20
Officer Director
$0 $66,520 $614,751
PAUL SLADE TREASURER 0.20
Officer Director
$0 $0 $0
STEPHEN PORRAS VP OF BUSINESS DEVELOPMENT 0.20
Director
$0 $31,498 $241,538
MARITZA HERNANDEZ CONTROLLER 0.20
Director
$0 $37,814 $187,526
ANNETTE ZEMLAN DIRECTOR OF PROPERTY MANAG 0.20
Director
$0 $0 $0
MARY REYES HR MANAGER 0.20
Director
$0 $0 $0
SHERI TUCKER DIRECTOR OF PUBLIC HOUSING 0.20
Director
$0 $10,399 $162,619
LAURA L SELBY CFO, COO 0.20
Officer
$0 $60,457 $359,546
CHRISTIAN RODRIGUEZ VP OF PROPERTY MANAGEMENT 0.20
Key Emp
$0 $26,486 $174,915
EMMANUEL KINARD VICE-PRESIDENT OF ACQUISITION AND ASSET MANAGEMEN 0.20
Key Emp
$0 $23,132 $167,700
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 $814,463 $964,734 $2,538,244 $-150,271
2022 $750,045 $802,046 $2,573,594 $-52,001
2021 $779,666 $958,425 $2,633,061 $-178,759
2020 $695,617 $929,561 $2,797,041 $-233,944
2019 $674,341 $897,491 $2,961,456 $-223,150
2018 $653,172 $830,617 $3,152,373 $-177,445
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