DANISH HOME FOUNDATION

EIN: 454353453 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$2,463,115
Total Expenses
$649,044
Total Assets
$4,855,260
Net Assets
$4,832,344
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IL
Principal Officer
SCOTT SWANSON
Phone
7737757383
Tax Period
2024-10-01 to 2025-09-30

DANISH HOME FOUNDATION, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 74% operating margin.

Mission

THE DANISH HOME FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO HONORING AND SUPPORTING COMMUNITIES CENTERED IN DANISH AND SCANDINAVIAN CUSTOMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,296,680
Program Service Revenue $0
Investment Income $118,225
Other Revenue $48,210
TOTAL REVENUE $2,463,115

Expense Breakdown

Grants Paid $300,000
Salaries & Benefits $0
Fundraising Expenses $13,857
Program Expenses $450,000
Other Expenses $349,044
TOTAL EXPENSES $649,044

Year-over-Year Comparison

2024 2023 Change
Revenue $2,463,115 $2,061,230 +0.2%
Expenses $649,044 $1,188,124 -0.5%
Net Income $1,814,071 $873,106 +1.1%
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
4
Independent Members
4
Employees
N/A
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
4
$273,149
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM ERIKSEN CHAIR 7.00
Officer Director
$0 $0 $0
PAUL PEDERSEN VICE-CHAIR 3.00
Officer Director
$0 $0 $0
DAWN JENSEN SECRETARY 2.00
Officer Director
$0 $0 $0
MIKAEL OLESEN DIRECTOR 2.00
Director
$0 $0 $0
SCOTT SWANSON PRESIDENT/CEO 40.00
Officer
$0 $15,725 $273,149
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
2025 $2,463,115 $649,044 $4,855,260 $1,814,071
2024 $2,061,230 $1,188,124 $8,580,110 $873,106
2023 $1,530,072 $1,135,462 $11,656,777 $394,610
2022 $2,064,933 $1,011,910 $9,601,278 $1,053,023
2021 $754,960 $930,545 $9,184,246 $-175,585
2020 $495,661 $395,245 $8,549,432 $100,416
2019 $1,036,030 $1,104,242 $8,629,932 $-68,212
2018 $1,565,745 $1,069,522 $8,821,237 $496,223
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