CARE FOR FRIENDS

EIN: 461086837 501(c)(3) Human Services

Chicago, IL

Total Revenue
$1,989,368
Total Expenses
$467,274
Total Assets
$3,256,663
Net Assets
$1,953,854
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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
2012
Legal Domicile
IL
Principal Officer
Louise Anderson
Phone
7739321010
Tax Period
2024-01-01 to 2024-12-31

CARE FOR FRIENDS, founded in 2012, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 301% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 77% operating margin.

Mission

Care for Friends provides fundamental food, clothing and healthcare programs for individuals in Chicago experiencing or at risk of homelessness. Our "no questions asked" policy removes the most common barriers to assistance and allows us to connect service providers with our guests. As a community hub, the trust and relationships we create with our guests help them build pathways out of homelessness.

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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 $1,978,739
Program Service Revenue $0
Investment Income $10,629
Other Revenue $0
TOTAL REVENUE $1,989,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $194,817
Fundraising Expenses $67,816
Program Expenses $328,016
Other Expenses $252,580
TOTAL EXPENSES $467,274

Year-over-Year Comparison

2024 2023 Change
Revenue $1,989,368 $496,386 +3.0%
Expenses $467,274 $356,322 +0.3%
Net Income $1,522,094 $140,064 +9.9%
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
13
Independent Members
13
Employees
4
Volunteers
200

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
0
$0
Total Directors
13
$0
Key Employees
1
$106,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hope Pavich Executive Director 40
Key Emp Highest
$106,000 $0 $106,000
John Gavin Secretary 2
Director
$0 $0 $0
Felicia Balmaseda Board Member 1
Director
$0 $0 $0
Mark Bean Board Member 1
Director
$0 $0 $0
David Berkley Board Member 1
Director
$0 $0 $0
Morag Fullilove Board Member 1
Director
$0 $0 $0
Will King Board Member 1
Director
$0 $0 $0
Ibe Mbanu Board Member 1
Director
$0 $0 $0
Emily Sachs Wong Board Member 1
Director
$0 $0 $0
Helen Valkavich Board Member 2
Director
$0 $0 $0
Brad Hudson Board Member 1
Director
$0 $0 $0
F J Phillips President 5
Director
$0 $0 $0
John Van Stee Board Member 0
Director
$0 $0 $0
Louise Anderson Treasurer 2
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 $1,989,368 $467,274 $3,256,663 $1,522,094
2023 $496,386 $356,322 $493,676 $140,064
2022 $383,798 $313,984 $331,173 $69,814
2021 $368,025 $279,275 $246,239 $88,750
2020 $308,195 $258,948 $151,897 $49,247
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