RENEW COMMUNITIES NFP

EIN: 814200406 501(c)(3) Human Services

LAKE FOREST, IL

Total Revenue
$1,051,663
Total Expenses
$984,848
Total Assets
$4,069,054
Net Assets
$3,951,870
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IL
Principal Officer
DAVID WEIL
Phone
8474577247
Tax Period
2024-01-01 to 2024-12-31

RENEW COMMUNITIES NFP, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $985K left a modest 6% surplus.

Mission

RENEW'S MISSION IS TO REFLECT GOD'S LOVE FOR OUR UNDER RESOURCED NEIGHBORS BY COLLABORATING WITH COMMUNITY LEADERS AND RESIDENTS TO INCREASE AFFORDABLE HOME OWNERSHIP, ENRICH COMMUNITY LIFE AND GROW SMALL BUSINESSES WITH THE GOAL OF IGNITING A TIPPING POINT TOWARD REVITALIZATION.

Program Service Accomplishments

Program 1
Expenses: $751,480

MATTHEW HOMES - RENEW IS A NONPROFIT CORPORATION SEEKING TO PROMOTE AND ACCELERATE REVITALIZATION IN THE CITY OF NORTH CHICAGO, ILLINOIS, THROUGH ITS ATTAINABLE HOUSING PROGRAM, CALLED MATTHEW HOMES...

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MATTHEW HOMES - RENEW IS A NONPROFIT CORPORATION SEEKING TO PROMOTE AND ACCELERATE REVITALIZATION IN THE CITY OF NORTH CHICAGO, ILLINOIS, THROUGH ITS ATTAINABLE HOUSING PROGRAM, CALLED MATTHEW HOMES. RENEW'S GOAL IS TO INCREASE ATTAINABLE HOME OWNERSHIP FOR 300 FAMILIES AND ENCOURAGE FAMILY ENGAGEMENT IN THE NEIGHBORHOOD AND COMMUNITY. TO DATE, RENEW HAS FACILITATED THE PURCHASE AND COMPLETION OF MORE THAN TWO DOZEN MATTHEW HOMES AND WORK IS UNDERWAY ON 13 MORE (3 RENOVATIONS AND 10 NEW BUILDS). RENEW HAS ALSO BEEN WORKING DILIGENTLY TO PUT IN PLACE PROCESSES AND AN OPERATING STRUCTURE THAT WILL SUPPORT A SIGNIFICANT ACCELERATION OF OUR MATTHEW HOMES PROGRAM OVER THE NEXT 3 YEARS, ALLOWING THE ORGANIZATION TO RAMP UP PROPERTY ACQUISITIONS, RENOVATIONS AND NEW CONSTRUCTION. RENEW'S NEWLY BUILT HOMES HAVE BEEN DESIGNED BY LEADING EXPERTS AND FEATURE FULL BASEMENTS, 3 BEDROOMS, 2 FULL BATHROOMS AND A 2 CAR GARAGE. RENEW HAS A SIGNIFICANT MATTHEW HOMES OUTREACH PROGRAM, ATTRACTING QUALITY AND EXPERT VOLUNTEERS FROM THE COMMUNITY, AREA CHURCHES AND BUSINESSES. THE MATTHEW HOMES TEAM ALSO WORKS CLOSELY WITH THE CITY OF NORTH CHICAGO STAFF, LOCAL CONTRACTORS AND THIRD-PARTY HOUSING ORGANIZATIONS IN THE ACQUISITION AND DEVELOPMENT OF VIABLE PROPERTIES. RENEW CONTINUES TO DEVELOP PARTNERSHIPS TO ASSIST IN WORKER SKILL DEVELOPMENT FOR COMMUNITY MEMBERS INTERESTED IN CONSTRUCTION EMPLOYMENT. RENEW'S PARTNERSHIP WITH A NON-PROFIT LICENSED HOME LENDING ORGANIZATION MAKES HOME OWNERSHIP ATTAINABLE BY PROVIDING COMPETITIVE LENDING TERMS FOR BORROWERS WHO MIGHT OTHERWISE HAVE LIMITED FINANCING OPTIONS.RENEW BELIEVES THAT PROVIDING FAMILIES WITH ACCESS TO AFFORDABLE HOMES COMBINED WITH A QUALITY SCHOOL SYSTEM IS INTEGRAL TO RETAINING AND ATTRACTING ENGAGED FAMILIES IN THE COMMUNITY. THEREFORE, LEADERS OF RENEW'S MATTHEW HOMES PROGRAM IS WORKING CLOSELY WITH THE SUPERINTENDENT OF SCHOOLS, WHO IS ACTIVELY ENGAGED IN DEVELOPING QUALITY PROGRAMS, ATTRACTING GREAT TEACHERS AND STAFF AND WORKING TO INSPIRE STUDENTS AND BUILD STRONG COMMUNITY RELATIONSHIPS.

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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 $1,654,028
Program Service Revenue $0
Investment Income $36,926
Other Revenue $-639,291
TOTAL REVENUE $1,051,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $579,346
Fundraising Expenses $60,116
Program Expenses $751,480
Other Expenses $405,502
TOTAL EXPENSES $984,848

Year-over-Year Comparison

2024 2023 Change
Revenue $1,051,663 $1,056,444 0.0%
Expenses $984,848 $640,582 +0.5%
Net Income $66,815 $415,862 -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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Governance

Voting Members
11
Independent Members
8
Employees
14
Volunteers
350

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
$113,805
Total Directors
11
$504,629
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL WOODRUFF CHAIRMAN 2.00
Director
$0 $93,370 $280,809
DAVID WEIL PRESIDENT 40.00
Officer Director
$3,000 $59,192 $113,805
ROBERT SMITH TREASURER 2.00
Officer Director
$0 $0 $0
MARSHALL REAVIS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ERIC TIENOU DIRECTOR 2.00
Director
$0 $1,930 $110,015
REJEAN MORGAN SECRETARY 2.00
Officer Director
$0 $0 $0
GARRETT DEE DIRECTOR 2.00
Director
$0 $0 $0
DAVID DOHNALEK DIRECTOR 2.00
Director
$0 $0 $0
JANICE CONSTANTINE DIRECTOR 2.00
Director
$0 $0 $0
THEODORE YI DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL NERVICK 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 $1,051,663 $984,848 $4,069,054 $66,815
2023 $1,056,444 $640,582 $3,997,523 $415,862
2022 $946,316 $302,228 $3,530,727 $644,088
2021 $862,453 $192,625 $2,842,333 $669,828
2020 $750,148 $222,798 $2,192,935 $527,350
2019 $1,290,798 $193,947 $1,655,617 $1,096,851
2018 $595,536 $141,789 $531,384 $453,747
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