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Employer Identification Number 47-1656765

HOMESTEAD AFFORDABLE DEVELOPMENT CORPORATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:HOMESTEAD AFFORDABLE DEVELOPMENT CORPORATION
Employer identification number (EIN):47-1656765
EIN Issuing AuthorityInternet
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementHAD'S mission is to provide affordable housing to moderate and low income families and seniors in the Midwest region of the United States. One of the most pressing problems in the Midwest, and across the U.S., has been and continues to be providing adequate, safe and clean affordable housing for the very low, low and moderate income families and senior citizens. As the U.S. economy improves, it has left in its wake a larger divide in rental prices and the "Housing Wage."
Number of Employees1
Number of Volunteers0
Year Formed2014

Organization Governance

Legal DomicileIL
Voting Members - Governing Body5
Voting Members - Independent4

Organization Financials

2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 48,701
Investment Income from current yearUSD $ 241,500
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,864,326
Net assets / fund balances at end of fiscal yearUSD $ 0
Net assets / fund balances at beginning of fiscal yearUSD $ 2,039,448
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 0
Total assets at beginning of fiscal yearUSD $ 2,039,448
Revenues less expenses for current yearUSD $ -1,740,400
Revenues less expenses for previous yearUSD $ -50,246
Total expenses for current yearUSD $ 1,981,900
Total expenses for previous yearUSD $ 98,947
Other expenses in current yearUSD $ 118,763
Other expenses in previous yearUSD $ 38,947
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 38,400
Employee salary and benefits paid in previous yearUSD $ 60,000
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,824,737
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 241,500
Total revenue in previous fiscal yearUSD $ 48,701
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 28,449
Investment Income from current yearUSD $ 48,701
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 248,995
Net assets / fund balances at end of fiscal yearUSD $ 2,039,448
Net assets / fund balances at beginning of fiscal yearUSD $ 1,711,748
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 19,596
Total assets at end of fiscal yearUSD $ 2,039,448
Total assets at beginning of fiscal yearUSD $ 1,731,344
Revenues less expenses for current yearUSD $ -50,246
Revenues less expenses for previous yearUSD $ -127,437
Total expenses for current yearUSD $ 98,947
Total expenses for previous yearUSD $ 155,886
Other expenses in current yearUSD $ 38,947
Other expenses in previous yearUSD $ 67,987
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 60,000
Employee salary and benefits paid in previous yearUSD $ 87,899
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 48,701
Total revenue in previous fiscal yearUSD $ 28,449
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 42,482
Investment Income from current yearUSD $ 28,449
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 626,909
Net assets / fund balances at end of fiscal yearUSD $ 1,711,748
Net assets / fund balances at beginning of fiscal yearUSD $ 1,956,127
Total liabilities at end of fiscal yearUSD $ 19,596
Total liabilities at beginning of fiscal yearUSD $ 19,021
Total assets at end of fiscal yearUSD $ 1,731,344
Total assets at beginning of fiscal yearUSD $ 1,975,148
Revenues less expenses for current yearUSD $ -127,437
Revenues less expenses for previous yearUSD $ 1,955,556
Total expenses for current yearUSD $ 155,886
Total expenses for previous yearUSD $ 85,934
Other expenses in current yearUSD $ 67,987
Other expenses in previous yearUSD $ 52,477
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 87,899
Employee salary and benefits paid in previous yearUSD $ 33,457
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 28,449
Total revenue in previous fiscal yearUSD $ 2,041,490
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 1,999,008
Total of other revenueUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 42,482
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,190,682
Net assets / fund balances at end of fiscal yearUSD $ 1,956,127
Net assets / fund balances at beginning of fiscal yearUSD $ -37,000
Total liabilities at end of fiscal yearUSD $ 19,021
Total liabilities at beginning of fiscal yearUSD $ 41,887
Total assets at end of fiscal yearUSD $ 1,975,148
Total assets at beginning of fiscal yearUSD $ 4,887
Revenues less expenses for current yearUSD $ 1,955,556
Revenues less expenses for previous yearUSD $ -1,873
Total expenses for current yearUSD $ 85,934
Total expenses for previous yearUSD $ 1,873
Other expenses in current yearUSD $ 52,477
Other expenses in previous yearUSD $ 148
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 33,457
Employee salary and benefits paid in previous yearUSD $ 1,725
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,041,490
Total revenue in previous fiscal yearUSD $ 0
Contributions and grants from current yearUSD $ 1,999,008
Contributions and grants from previous yearUSD $ 0
Revenue from membership duesUSD $ 0
Total of other revenueUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 471656765

USA Mailing Address
445 N WELLS ST NO 200
CHICAGO
IL
60654
Date first seen: 2007-01-01
Date last seen: 2025-06-30

EIN Events

Event Date Event description
2016-12-31Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2016

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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