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Chicago Low Income Housing Trust Fund

Chicago, IL · EIN 36-3718992 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Chicago Low Income Housing Trust Fund reported $25.5 million in revenue and $30.3 million in expenses for calendar year 2024. Of every $100 it spent, $97.86 went to program services, $1.97 to management and general costs and $0.17 to fundraising. Its largest source of revenue was contributions and grants: 86.6% of the total. Government grants made up 82.6%. The highest compensation it reported for one person was $141,455 (EXECUTIVE DIRECTOR). 1 person received more than $100,000 in reportable compensation. Revenue rose 67% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $30M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $26M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 933 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
97.9%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
2.0%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.2%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
86.6%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
82.6%1.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%66.2%
Highest reported compensation
Part VII-A, columns D–F
$141,455$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.47%1.57%
People paid over $100,000
Part VII, line 2
15
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
27.410.0
Independent voting board members
Part VI 1a–1b
13 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$24M expenses · 79.9% of program spending · grants $17M · revenue $22M

Providing rent subsidies to very Low Income Chicago residents

$5.9M expenses · 20.1% of program spending · grants $5.9M

Non-interest, forgivable loans to developers of multi-unit rent buildings constructed or rehabilitated for affordable housing

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EXECUTIVE DIRECTOR
Officer, key employee, former, 40.00 hrs/week
$141,455$0$0$141,455
EXECUTIVE DIRECTOR
Officer, key employee, 40.00 hrs/week
$75,243$0$0$75,243

1 people received more than $100,000 in reportable compensation from Chicago Low Income Housing Trust Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $217K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$26M$30M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$26M$30M97.9%$69M$141,455
2023 ⓘ$23M$25M97.6%$74M$137,335
2022 ⓘ$31M$26M97.9%$56M$130,547
2021 ⓘ$24M$15M97.6%$51M$120,877
2020 ⓘ$26M$17M97.7%$42M$117,356
2019 ⓘ$15M$20M98.2%$33M$123,958

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 535
  • Volunteers Part I, line 610

Correct a figure or respond

Every number above is copied from Chicago Low Income Housing Trust Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Chicago Low Income Housing Trust Fund, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All housing & shelter charities · Largest charities in Illinois

Questions people ask

How much of Chicago Low Income Housing Trust Fund's spending goes to programs?

In calendar year 2024, Chicago Low Income Housing Trust Fund reported that 97.9% of its $30.3 million in expenses went to program services, 2.0% to management and general and 0.2% to fundraising (Form 990, Part IX).

How much does Chicago Low Income Housing Trust Fund pay its top executive?

The largest total compensation Chicago Low Income Housing Trust Fund reported for one person in calendar year 2024 was $141,455, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Chicago Low Income Housing Trust Fund get its money?

Of $25.5 million in revenue in calendar year 2024, 86.6% came from contributions and grants (including 82.6% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Chicago Low Income Housing Trust Fund a registered charity?

The IRS lists EIN 36-3718992 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202513029349301101 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202433159349300303 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333069349300348 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233089349301653 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202132099349300703 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202042829349300709 · read the filing

All filings for EIN 36-3718992: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.