Overview

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Est.

1994

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Assisi Homes of Gurnee Inc is a nonprofit organization established in 1994, dedicated to providing housing and related services for very low-income elderly or disabled individuals in Gurnee, Illinois. With an operating budget of $643.7K and total revenue of $570.7K for the 2024 filing year, the organization receives significant funding from the U.S. Department of Housing and Urban Development, although it does not rely on a single funder for 50% or more of its revenue.

Mission Statement

ASSISI HOMES OF GURNEE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON FEBRUARY 1, 1994 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 60 UNIT COMMUNITY LOCATED IN GURNEE, ILLINOIS WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND A CAPITAL ADVANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
Revenues
$570.7K
Expenses
$643.7K
Net Income:
-$73K
Assets
$2.6M
Liabilities
$99.4K
Net Assets:
+$2.5M
Operating Budget
$643.7K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$677
Largest grant received
$677
K
Kassidi Boening
Board Member
J
Joe Rosenblum
Board Member
C
Chad Payne
Board Member

Frequently Asked Questions

What is ASSISI HOMES OF GURNEE INC’s budget?
In 2024, ASSISI HOMES OF GURNEE INC reported an annual operating budget of around $644 thousand. More detailed financial information is available to registered users.
What causes does ASSISI HOMES OF GURNEE INC support?
ASSISI HOMES OF GURNEE INC supports work in Urban development and Public housing.
Where does ASSISI HOMES OF GURNEE INC operate?
ASSISI HOMES OF GURNEE INC is headquartered in Denver, CO.
Who funded ASSISI HOMES OF GURNEE INC recently?
In 2020, ASSISI HOMES OF GURNEE INC received grants from NORTHERN ILLINOIS FOOD BANK, AbbVie Foundation, and MERCY HOUSING LAKEFRONT. More information on this organization’s funders is available to registered users.
What is the largest grant ASSISI HOMES OF GURNEE INC received in 2020?
The largest grant to ASSISI HOMES OF GURNEE INC in 2020 exceeds <$1,000.
What is ASSISI HOMES OF GURNEE INC’s reliance on government grants?
ASSISI HOMES OF GURNEE INC relied on government grants for more than 50% of their total revenue in 2024.