ASSISI HOMES OF ILLINOIS INC (EIN 363803443) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

MELISSA CLAYTON

Phone

3038303300

Tax Period

2022-01-01 to 2022-12-31

ASSISI HOMES OF ILLINOIS INC, founded in 1974, is a micro nonprofit that reported $762K in total revenue in fiscal year 2022.

Mission

ASSISI HOMES OF ILLINOIS, INC., A WHOLLY OWNED SUBSIDIARY OF MERCY HOUSING WHEATON, NFP, IS A NONPROFIT ORGANIZATION FORMED ON NOVEMBER 13, 1990 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS FOR THE PURPOSE OF PROVIDING HOUSING FOR LOW- AND MODERATE- INCOME PERSONS IN ADDISON, WHEATON, VILLA PARK, AND LOMBARD, ILLINOIS.THE UNDERLYING PROPERTY WAS SOLD IN 2021 AND THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,414

Investment Income $-762,997

Other Revenue $0

TOTAL REVENUE $-761,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $460

Other Expenses $1,160

TOTAL EXPENSES $1,160

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-761,583	$-674,414	+0.1%
Expenses	$1,160	$693,813	-1.0%
Net Income	$-762,743	$-1,368,227	-0.4%

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

Governance

Voting Members

Independent Members

N/A

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

$1,378,333

Total Directors

$985,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE SAAB	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$16,925	$111,234
JOE ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$8,873	$224,322
KASSIDI BOENING	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$30,258	$165,078
MELISSA CLAYTON	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$33,552	$261,561
RON JACKSON	DIRECTOR	1.00	Director	$0	$31,505	$223,524
CHAD PAYNE	TREASURER	1.00	Officer	$0	$4,240	$194,051
FATMAH FARRAJ	VICE PRESIDENT	1.00	Officer	$0	$9,934	$172,177
MARK ANGELINI	VICE PRESIDENT	1.00	Officer	$0	$10,391	$249,910

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
2022	$-761,583	$1,160	No data	$-762,743
2021	$-674,414	$693,813	$773,032	$-1,368,227
2020	$770,859	$766,545	$2,342,019	$4,314
2019	$771,547	$780,076	$2,333,611	$-8,529
2018	$753,291	$727,073	$2,357,910	$26,218

ASSISI HOMES OF ILLINOIS INC