MIDWEST SHELTER FOR HOMELESS VETER… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

CHRISTINE LEWIS

Phone

6308718387

Tax Period

2024-01-01 to 2024-12-31

MIDWEST SHELTER FOR HOMELESS VETERANS INC, founded in 2000, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE VETERANS AND THEIR FAMILIES WITH HOUSING AND SUPPORTIVE SERVICES THAT LEAD TO SELF-SUFFICIENCY AND TO ENSURE THAT NO VETERAN IS LEFT BEHIND DUE TO HOMELESSNESS, JOBLESSNESS, POVERTY, AND/OR MENTAL HEALTH ISSUES.

Program Service Accomplishments

Program 1

Expenses: $1,820,327 Revenue: $66,221

THE ORGANIZATION PROVIDES HOUSING, SUPPORTIVE SERVICES, AND COMMUNITY OUTREACH TO HELP HOMELESS AND AT-RISK VETERANS AND THEIR FAMILIES ACHIEVE SELF-SUFFICIENCY. FROM ITS TRANSITIONAL HOUSING...

THE ORGANIZATION PROVIDES HOUSING, SUPPORTIVE SERVICES, AND COMMUNITY OUTREACH TO HELP HOMELESS AND AT-RISK VETERANS AND THEIR FAMILIES ACHIEVE SELF-SUFFICIENCY. FROM ITS TRANSITIONAL HOUSING FACILITY IN WHEATON, ILLINOIS, THE ORGANIZATION SUCCESSFULLY TRANSITIONED MANY VETERANS, MEANING THE INDIVIDUALS WERE MOVING INTO PERMANENT HOUSING UPON DISCHARGE. THE ORGANIZATION ALSO HOUSED NUMEROUS VETERANS IN THEIR AFFORDABLE HOUSING PROGRAM AND IN THEIR PERMANENT SUPPORTIVE HOUSING PROGRAMS. THE ORGANIZATION HAS ALSO ASSISTED HOUSEHOLDS WITH SUPPLIES, SERVICES, AND REFERRALS THROUGH THEIR COMMUNITY OUTREACH EFFORTS.

Program 2

Expenses: $2,334,947

THE ORGANIZATION ASSISTED NUMEROUS HOUSEHOLDS AND INDIVIDUALS, WITH HOUSING AND SUPPORT SERVICES THROUGH THEIR SUPPORTIVE SERVICES FOR VETERAN FAMILIES PROGRAM. THIS PROGRAM PROVIDES SERVICES TO...

THE ORGANIZATION ASSISTED NUMEROUS HOUSEHOLDS AND INDIVIDUALS, WITH HOUSING AND SUPPORT SERVICES THROUGH THEIR SUPPORTIVE SERVICES FOR VETERAN FAMILIES PROGRAM. THIS PROGRAM PROVIDES SERVICES TO LOW-INCOME HOMELESS AND AT-RISK VETERAN FAMILIES LIVING IN OR TRANSITIONING TO PERMANENT HOUSING IN DEKALB, DUPAGE, GRUNDY, KANE, KENDALL, LASALLE, AND WILL COUNTIES. PROVIDED SERVICES INCLUDE CASE SERVICES SUCH AS MENTAL HEALTH CARE AND OTHER BENEFITS. UNDER THE PROGRAM, THE ORGANIZATION ALSO OFFERS FINANCIAL ASSISTANCE TO VETERANS FOR RENT, UTILITY, AND SECURITY DEPOSIT PAYMENTS. THE ORGANIZATION ALSO ASSISTS UNEMPLOYED AND UNDEREMPLOYED VETERANS AND THEIR FAMILIES WITH OBTAINING AND MAINTAINING EMPLOYMENT THROUGH THE VETERAN EMPLOYMENT PROGRAM, AND THE ORGANIZATION SERVED NUMEROUS VETERANS IN THIS CAPACITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,472,251

Program Service Revenue $54,138

Investment Income $54,369

Other Revenue $12,083

TOTAL REVENUE $4,592,841

Expense Breakdown

Grants Paid $2,334,947

Salaries & Benefits $1,811,030

Fundraising Expenses $151,541

Program Expenses $4,155,274

Other Expenses $891,179

TOTAL EXPENSES $5,037,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,592,841	$2,206,325	+1.1%
Expenses	$5,037,156	$2,576,594	+1.0%
Net Income	$-444,315	$-370,269	+0.2%

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

Employees

Volunteers

247

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

$127,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE FIGUEROA	VICE PRESIDENT OF OPERATIONS	40.00	Highest	$150,318	$12,124	$162,442
RIZIK MOHAMMAD	DEPUTY EXECUTIVE DIRECTOR	40.00	Highest	$143,982	$9,938	$153,920
CHRISTINE LEWIS	EXECUTIVE DIRECTOR	40.00	Officer	$124,378	$3,071	$127,449
MELODIE SMITH	ASSOC VICE PRESIDENT, PROGRAMS	40.00	Highest	$106,597	$18,134	$124,731
TERRY BENSHOOF	INTERIM PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN HUGHES	TREASURER	4.00	Officer Director	$0	$0	$0
JUSTIN SMIT	SECRETARY	4.00	Officer Director	$0	$0	$0
CASEY CARPENTER	DIRECTOR	2.00	Director	$0	$0	$0
DAN DEVINE	DIRECTOR	2.00	Director	$0	$0	$0
MARVIN DONELSON	DIRECTOR	2.00	Director	$0	$0	$0
JACK ERWIN	DIRECTOR	2.00	Director	$0	$0	$0
DONNA LEVIGNE	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL PAPPAS	DIRECTOR	2.00	Director	$0	$0	$0
DR MICHAEL PICA	DIRECTOR	2.00	Director	$0	$0	$0
JOHN WILT	DIRECTOR	2.00	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	$4,592,841	$5,037,156	$3,391,047	$-444,315
2023	$2,206,325	$2,576,594	$3,659,907	$-370,269
2022	$3,552,915	$2,597,760	$3,918,048	$955,155
2021	$2,711,289	$2,449,774	$3,037,273	$261,515
2020	$2,555,483	$2,810,653	$2,811,839	$-255,170
2019	$1,652,954	$1,764,288	$2,965,657	$-111,334
2018	$1,512,337	$1,440,405	$3,083,969	$71,932

MIDWEST SHELTER FOR HOMELESS VETERANS INC