HOUSING OPPORTUNITIES MEAN EMPOWERMENT

EIN: 364081116 501(c)(3)

CHICAGO, IL

Total Revenue
$278,316
Total Expenses
$345,976
Total Assets
$1,926,635
Net Assets
$-1,174,954
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IL
Principal Officer
DONALD DEW
Phone
7738541819
Tax Period
2019-01-01 to 2019-12-31

HOUSING OPPORTUNITIES MEAN EMPOWERMENT, founded in 1995, is a small nonprofit that reported $278K in total revenue in fiscal year 2019. Expenses of $346K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE DISABLED

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $187,040
Program Service Revenue $90,403
Investment Income $103
Other Revenue $770
TOTAL REVENUE $278,316

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,941
Fundraising Expenses $0
Program Expenses $302,495
Other Expenses $262,035
TOTAL EXPENSES $345,976

Year-over-Year Comparison

2019 2018 Change
Revenue $278,316 $260,532 +0.1%
Expenses $345,976 $307,591 +0.1%
Net Income $-67,660 $-47,059 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
2
Employees
3
Volunteers
5

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
$308,518
Total Directors
5
$433,708
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD J DEW PRESIDENT 1.00
Officer Director
$0 $0 $177,144
JOYCE K WADE SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $131,374
DR KAREN D BARBEE-DIXON DIRECTOR 1.00
Director
$0 $0 $125,190
MORRIS ALLEN JR DIRECTOR 1.00
Director
$0 $0 $0
EDY BURTON DIRECTOR 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
2019 $278,316 $345,976 $1,926,635 $-67,660
2018 $260,532 $307,591 $2,007,390 $-47,059
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HOUSING OPPORTUNITIES MEAN EMPOWERMENT with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.