NW HOMESTART INC

EIN: 364143938 501(c)(3) Housing & Shelter

FREEPORT, IL

Total Revenue
$279,686
Total Expenses
$341,942
Total Assets
$830,034
Net Assets
$765,831
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
CLAIRE REES
Phone
8152326197
Tax Period
2023-01-01 to 2023-12-31

NW HOMESTART INC is a small nonprofit in the Housing & Shelter sector that reported $280K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $342K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO CREATE VIBRANT, HEALTHY COMMUNITES IN NORTHERN ILLINOIS BY CONNECTING INDIVIDUALS AND FAMILIES TO BENEFICIAL, AFFORDABLE HOUSING RESOURCES AND BY LEADING COMMUNITY-BASED SOLUTIONS TO LOCAL CHALLENGES.

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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 $261,838
Program Service Revenue $-4,357
Investment Income $6,991
Other Revenue $15,214
TOTAL REVENUE $279,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $175,926
Fundraising Expenses $0
Program Expenses $195,445
Other Expenses $166,016
TOTAL EXPENSES $341,942

Year-over-Year Comparison

2023 2022 Change
Revenue $279,686 $341,590 -0.2%
Expenses $341,942 $705,031 -0.5%
Net Income $-62,256 $-363,441 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
16
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
6
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOFIA BUCHNAN DIRECTOR N/A
Director
$0 $0 $0
THOMAS CROSS DIRECTOR N/A
Director
$0 $0 $0
BJORN HULLEBERG DIRECTOR N/A
Director
$0 $0 $0
DANICA KEETON DIRECTOR N/A
Director
$0 $0 $0
BRANDON KRUSE VICE-PRESIDE N/A
Officer Director
$0 $0 $0
KELVIN MCILWAIN PRESIDENT N/A
Officer Director
$0 $0 $0
ANNE SADLER ASST SECRETA N/A
Officer Director
$0 $0 $0
CESAR SANCHEZ TREASURER N/A
Officer Director
$0 $0 $0
ARNETTE SIMMONS DIRECTOR N/A
Director
$0 $0 $0
PHIL SIMTH DIRECTOR N/A
Director
$0 $0 $0
GINGER SREENAN DIRECTOR N/A
Director
$0 $0 $0
VANESSA STANTON DIRECTOR N/A
Director
$0 $0 $0
ASHLEY WILLIAMS SECRETARY N/A
Officer Director
$0 $0 $0
CLAIRE REES EXECUTIVE DI N/A
Officer
$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
2023 $279,686 $341,942 $830,034 $-62,256
2022 $341,590 $705,031 $1,087,461 $-363,441
2021 $824,568 $1,007,232 $1,557,352 $-182,664
2020 $815,144 $806,668 $1,677,138 $8,476
2019 $760,873 $733,215 $1,689,675 $27,658
2018 $1,181,306 $1,287,805 $1,629,212 $-106,499
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