DENVER, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASSISI HOMES OF GURNEE INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $536K in total revenue in fiscal year 2023. Expenses of $618K exceeded revenue, resulting in a 15% operating deficit.
ASSISI HOMES OF GURNEE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON FEBRUARY 1, 1994 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 60 UNIT COMMUNITY LOCATED IN GURNEE, ILLINOIS WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND A CAPITAL ADVANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
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 | $536,478 | $523,831 | +0.0% |
| Expenses | $617,598 | $613,229 | +0.0% |
| Net Income | $-81,120 | $-89,398 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| JOE ROSENBLUM | SECRETARY/DIRECTOR | 1.00 |
Officer
Director
|
$0 | $10,201 | $232,549 |
| KASSIDI BOENING | VICE PRESIDENT/DIRECTOR | 1.00 |
Officer
Director
|
$0 | $28,633 | $172,677 |
| MELISSA CLAYTON | VICE PRESIDENT/DIRECTOR | 1.00 |
Officer
Director
|
$0 | $33,798 | $299,519 |
| BRUCE SAAB | VICE PRESIDENT (UNTIL 10/23) | 1.00 |
Officer
|
$0 | $13,324 | $98,303 |
| CHAD PAYNE | TREASURER | 1.00 |
Officer
|
$0 | $8,496 | $200,685 |
| FATMAH FARRAJ | VICE PRESIDENT | 1.00 |
Officer
|
$0 | $12,560 | $177,119 |
| MARK ANGELINI | PRESIDENT | 1.00 |
Officer
|
$0 | $11,727 | $256,820 |
| EDGAR FLAGG III | VICE PRESIDENT | 1.00 |
Officer
|
$0 | $26,276 | $207,632 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $536,478 | $617,598 | $2,678,543 | $-81,120 |
| 2022 | $523,831 | $613,229 | $2,752,156 | $-89,398 |
| 2021 | $524,973 | $611,607 | $2,845,432 | $-86,634 |
| 2020 | $534,130 | $586,471 | $2,925,173 | $-52,341 |
| 2019 | $530,878 | $584,457 | $2,973,027 | $-53,579 |
| 2018 | $514,637 | $667,066 | $3,019,035 | $-152,429 |
Compare ASSISI HOMES OF GURNEE INC with other nonprofits in Colorado and across the country.