Housing Forward

Analysis

Housing Forward is a registered charity in United States, based in Maywood, IL. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Housing Forward reported income of $15.6m and spending of $15.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $15.6m (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Forward sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Nottingham Retirement Community Inc ($15.5m), Urban Housing Solutions Inc ($15.6m) and Satellite Aha Development Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $266k (1.7% of expenses). Other salaries and wages came to $5.0m. It paid $19k in professional fundraising fees. At year end it held assets of $19.2m against liabilities of $16.6m, net assets of $2.6m. It reported 149 employees.