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Nonprofit · EIN 36-3237455

HOUSING OPPORTUNITY DEVELOPMENT CORPORATION

Tax-exempt · SKOKIE, IL 60077

Financials

$2.3M$2.5M2023$9M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of HOUSING OPPORTUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,046,651$2,933,958$6,112,693$23,983,179$6,998,877$16,984,302
December 31, 2023990$2,307,819$2,532,778-$224,959$18,274,739$7,403,130$10,871,609
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,226,098
of which government grants
$215,143
Program service revenue
$2,282,795
Investment income
$199,627
Net rental income
$338,131
Other revenue
$338,131

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,826,051
Salaries, compensation and benefits (total)
$1,969,583
Professional fundraising fees
$0
Program services (functional)
$2,676,374
Management and general (functional)
$203,335
Fundraising (functional)
$54,249

Balance sheet and other

Total assets, start of year
$18,274,739
Total assets, end of year
$23,983,179
Total liabilities, end of year
$6,998,877
Net assets, end of year
$16,984,302
Land, buildings and equipment
$8,751,446
Net assets without donor restrictions
$16,984,302
Gross receipts
$10,080,078
Employees
33
Volunteers
30
Year formed
1983
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
RICHARD KOENIGEXECUTIVE DIRECTOR
Key employee
40$187,500
BETH DEMESDEPUTY DIRECTOR
Highest-paid employee
40$119,800
KATHLEEN CORTEZPRESIDENT
Trustee or director, Officer
1$0
WILLIAM A SHOLTEN IIIVICE PRESIDENT
Trustee or director, Officer
1$0
NANCY A GEARYTREASURER
Trustee or director, Officer
1$0
SARAH HOMANSECRETARY
Trustee or director, Officer
1$0
OTIS GATLINDIRECTOR
Trustee or director
1$0
MICHAEL CORNELLDIRECTOR
Trustee or director
1$0
DEDE KELLERDIRECTOR
Trustee or director
1$0
DELISA WILLIAMSDIRECTOR
Trustee or director
1$0
JACK KAPLANDIRECTOR
Trustee or director
1$0
ROBERT J RODRIGUEZDIRECTOR
Trustee or director
1$0
KRISTIN A BERGDIRECTOR
Trustee or director
1$0
SYDNEY ZIMELISDIRECTOR
Trustee or director
1$0
JOSEPH KACZMARSKIDIRECTOR
Trustee or director
1$0
2 more people on this return
NameTitleHours / weekCompensation
LAKEYSHA D GILBERTDIRECTOR
Trustee or director
1$0
PHALECIA GRAYDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensation
RICHARD KOENIGEXECUTIVE DIRECTOR
Key employee
40$181,186
OTIS GATLINDIRECTOR
Trustee or director
1$0
NANCY A GEARYTREASURER
Trustee or director
1$0
DEDE KELLERDIRECTOR
Trustee or director
1$0
DELISA WILLIAMSDIRECTOR
Trustee or director
1$0
JACK KAPLANDIRECTOR
Trustee or director
1$0
CHEALON ANN SHEARSDIRECTOR
Trustee or director
1$0
JON TEUBERDIRECTOR
Trustee or director
1$0
SYDNEY ZIMELISDIRECTOR
Trustee or director
1$0
SARAH HOMANDIRECTOR
Trustee or director
1$0
JOSEPH KACZMARSKIDIRECTOR
Trustee or director
1$0
LAKEYSHA D GILBERTDIRECTOR
Trustee or director
1$0
PHALECIA GRAYDIRECTOR
Trustee or director
1$0
WILLIAM A SHOLTEN IIIPRESIDENT
Officer
1$0
KATHLEEN CORTEZVICE PRESIDENT
Officer
1$0
MICHAEL CORNELLVICE PRESIDENT
Officer
1$0
ROBERT J RODRIGUEZTREASURER
Officer
1$0
KRISTIN A BERGSECRETARY
Officer
1$0

Address and contacts

Address (IRS master file)
5340 LINCOLN AVE, SKOKIE, IL 60077-2015
Principal officer (990 for 2024)
KATHLEEN CORTEZ, 5340 LINCOLN AVENUE, SKOKIE, IL 60077
Signed the 990
KATHLEEN CORTEZ, PRESIDENT
Phone
(847) 564-2900
Return prepared by
RUBINBROWN LLLP

Mission

TO PROVIDE LOW-COST AND/OR RENT SUBSIDIZED HOUSING TO LOW/MODERATE INCOME CITIZENS IN THE NORTH SUBURBAN COMMUNITIES OF CHICAGO IN COOK AND LAKE COUNTIES, ILLINOIS

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE LOW COST/RENT SUBSIDIZED HOUSING TO LOW INCOME CITIZENS IN COMMUNITIES IN THE NORTHERN SUBURBS OF METROPOLITAN CHICAGO
    Expenses $2,676,374 · revenue $2,620,926

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3237455
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,983,179
Income (IRS master file)
$10,080,078

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,046,651$2,933,958$23,983,179XML
990December 2023$2,307,819$2,532,778$18,274,739XML
990December 2022$2,194,923$2,116,806$15,916,660IRS
990December 2021–––IRS
990December 2020$3,435,180$1,920,514$14,875,131IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3237455).

Questions about HOUSING OPPORTUNITY DEVELOPMENT CORPORATION

What is the EIN of HOUSING OPPORTUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of HOUSING OPPORTUNITY DEVELOPMENT CORPORATION is 36-3237455.
Is HOUSING OPPORTUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to HOUSING OPPORTUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOUSING OPPORTUNITY DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HOUSING OPPORTUNITY DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HOUSING OPPORTUNITY DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HOUSING OPPORTUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names KATHLEEN CORTEZ.
Who are the officers and directors of HOUSING OPPORTUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $187,500 (RICHARD KOENIG, EXECUTIVE DIRECTOR).
How much revenue does HOUSING OPPORTUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,046,651, expenses of $2,933,958 and total assets of $23,983,179 at year end.

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