Better Business Bureau Report for
Housing Opportunities and Maintenance for the Elderly (HOME)

Better Business Bureau Report issued March 2015
Better Business Bureau Report expires March 2017


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Housing Opportunities and Maintenance for the Elderly (HOME)
Address: 1419 W. Carroll Avenue, FL. 2
  Chicago, IL 60607
Phone: 773-921-3200
Web Address: homeseniors.org
Also known as:HOME
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Better Business Bureau Comments

Year, State Incorporated: 1982, Illinois
Affiliates: None
Stated Purpose: Committed to improving the quality of life for Chicago’s low-income elderly, Housing Opportunities and Maintenance for the Elderly (H.O.M.E.) helps seniors remain independent and part of their community by offering opportunities for intergenerational living and by providing a variety of citywide support services.

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Evaluation Conclusions

              

Housing Opportunities and Maintenance for the Elderly (HOME) (HOME) meets the 20 Standards for Charity Accountability.
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Programs

              

H.O.M.E. helps Chicago’s low-income seniors maintain their independence by providing services unlike any organization in the City of Chicago. H.O.M.E.’s services include an upkeep and repair service to ensure seniors enjoy healthy and safe living conditions. A shopping bus assists seniors with transport to grocery stores where they have access to food and supplies that are essential to their well-being. H.O.M.E. also manages three affordable buildings where seniors choose between individual apartments or, for residents who need some assistance, shared living. H.O.M.E.’s moving program offers seniors support and assistance through one of life’s most stressful events—moving from one home to another.

For the fiscal year ended September 30, 2013, HOME's program expenses were:

  
Intergenerational Housing 629,107
Upkeep & Repair 468,747
Shopping Bus 86,348
Volunteer 49,342
Total Program Expenses: $1,233,544
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Governance

              

Chief Executive : Bruce A. Otto, Executive Director
Compensation*: 
$94,097

Chair of the Board: Pamela S. Gecan
Chair's Profession / Business Affiliation: President at American Marketing Services

Board Size: 11

Paid Staff Size: 28

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 30% of related contributions. (Related contributions, which totaled $688,104, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on HOME's audited financial statements for the fiscal year ended September 30, 2013.

Source of Funds  
Rent from Housing Facilities and Rental Subsidies 470,299
Contributions 322,500
Grants 222,800
Bequests 97,559
Other Income 95,035
Government Contracts 51,273
Special Event 32,015
In-Kind Contributions 13,230
Investment Income -32,437
Total Income $1,272,274


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 13%  Administrative: 8% 

Total income $1,272,274
Program expenses $1,233,544
Fund raising expenses 203,430
Administrative expenses 121,493
Total expenses $1,558,467
Expenses in Excess of Income (286,193)
Beginning net assets 1,155,529
Ending net assets 869,336
Total liabilities 2,872,115
Total assets $3,741,451


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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