FOUNDATION FOR HOMAN SQUARE F/K/A HOMAN ARTHINGTON FOUNDATION

EIN: 364032118 501(c)(3) Community Improvement

CHICAGO, IL

Total Revenue
$1,645,920
Total Expenses
$3,462,344
Total Assets
$51,891,398
Net Assets
$49,715,892
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IL
Principal Officer
SUZA LEAO-REUTER
Phone
6309908990
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR HOMAN SQUARE F/K/A HOMAN ARTHINGTON FOUNDATION, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 110% operating deficit.

Mission

FACILITATE, ENCOURAGE AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOME OWNERSHIP, COMMUNITY REDEVELOPMENT AND OTHER CHARITABLE ACTIVITIES

Program Service Accomplishments

Program 1
Expenses: $2,954,402 Revenue: $1,464,090

FACILITATE, ENCOURAGE AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOME OWNERSHIP...

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FACILITATE, ENCOURAGE AND FOSTER THE WELFARE OF LOW-INCOME AND UNDERPRIVILEGED FAMILIES AND INDIVIDUALS RESIDING IN THE CITY OF CHICAGO THROUGH PROMOTION OF AFFORDABLE HOUSING, HOME OWNERSHIP, COMMUNITY REDEVELOPMENT AND OTHER CHARITABLE ACTIVITIES

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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 $158,330
Program Service Revenue $1,352,343
Investment Income $23,500
Other Revenue $111,747
TOTAL REVENUE $1,645,920

Expense Breakdown

Grants Paid $1,983
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,954,402
Other Expenses $3,460,361
TOTAL EXPENSES $3,462,344

Year-over-Year Comparison

2023 2022 Change
Revenue $1,645,920 $1,200,066 +0.4%
Expenses $3,462,344 $2,950,099 +0.2%
Net Income $-1,816,424 $-1,750,033 +0.0%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA PALMS BARBER MEMBER 1.00
Director
$0 $0 $0
DEBORAH MOORE MEMBER 1.00
Director
$0 $0 $0
KRISTIN DEAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
PAUL COFFEY MEMBER 1.00
Director
$0 $0 $0
RODNEY JONES-TYSON BOARD CHAIR 1.00
Officer Director
$0 $0 $0
SHEILA MCNARY MEMBER 1.00
Director
$0 $0 $0
YVONNE SHIELDS MEMBER 1.00
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 $1,645,920 $3,462,344 $51,891,398 $-1,816,424
2022 $1,200,066 $2,950,099 $53,996,446 $-1,750,033
2021 $595,152 $2,802,782 $54,401,523 $-2,207,630
2020 $1,793,014 $2,951,544 $56,228,741 $-1,158,530
2019 $1,778,625 $2,968,557 $57,033,815 $-1,189,932
2018 $1,153,302 $3,473,421 $52,795,685 $-2,320,119
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