Nonprofit · EIN 82-1235705
ELEVATE HOUSING FOUNDATION
Tax-exempt · LINCOLNWOOD, IL 60712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,854,452 | $25,902,868 | $2,951,584 | $43,035,202 | $68,741,735 | -$25,706,533 |
| December 31, 2023 | 990 | $26,409,094 | $27,119,201 | -$710,107 | $36,757,046 | $65,415,163 | -$28,658,117 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,507,477
- of which government grants
- $1,631,403
- Program service revenue
- $22,346,975
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $40,154
- Other salaries and wages
- $13,862,438
- Salaries, compensation and benefits (total)
- $15,104,880
- Professional fundraising fees
- $0
- Occupancy
- $2,148,498
- Travel
- $892
- Depreciation
- $1,161,820
- Program services (functional)
- $24,549,755
- Management and general (functional)
- $1,353,113
Balance sheet and other
- Total assets, start of year
- $36,757,050
- Total assets, end of year
- $43,035,202
- Total liabilities, end of year
- $68,741,735
- Net assets, end of year
- -$25,706,533
- Land, buildings and equipment
- $30,751,409
- Net assets without donor restrictions
- -$25,706,533
- Gross receipts
- $28,854,452
- Employees
- 527
- Volunteers
- 10
- Year formed
- 2017
- State of legal domicile
- OH
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Aurora Castaneda | – | 40 | $124,838 | $44,740 |
| Robert Lincoln | – | 40 | $152,228 | $12,159 |
| Lyudmila Tur | – | 40 | $146,709 | $0 |
| Candice Lopez | – | 40 | $127,204 | $0 |
| Tammy Hunter | – | 40 | $124,925 | $0 |
| Tony Shir | Board Member Trustee or director, Officer | 20 | $40,154 | $0 |
| Ilya Shulman | President Trustee or director, Officer | 40 | $0 | $0 |
| Arkadi Rapaport | Board Member Trustee or director | 20 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tony Shir | Board Member Trustee or director | 0 | $40,000 |
| Ilya Shulman | President Trustee or director | 0 | $0 |
| Arkadi Rapaport | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 7366 N LINCOLN AVE STE 301, LINCOLNWOOD, IL 60712-1740
- In care of
- % MEREDITH ROSENBECK
- Principal officer (990 for 2024)
- Tony Shir, 7366 N Lincoln Ave 301, LINCOLNWOOD, IL 60712
- Signed the 990
- Tony Shir, Board Member
- Phone
- (708) 596-3050
- Return prepared by
- REIFLER SHARPS SCHUETZ LTD
Mission
Elevate Housing Foundation(Elevate) is organized and shall be operated exclusively for charitable purposes, including relieving the poor and distressed by providing safe, decent and sanitary housing to seniors and families in need of affordable housing. While not limited to such, Elevate may provide housing that is subsidized by HUD or by other governmental programs. However, regardless of any subsidy, occupancy in housing owned by Elevate will be limited in accordance with the standards set forth fo nonprofit affordable housing in Rev. Proc 96-32.
Program accomplishments
- Provide affordable nursing home care and housing for low to moderate income individualsExpenses $24,549,755 · grants $6,507,477 · revenue $22,346,975
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1235705
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $43,035,202
- Income (IRS master file)
- $28,854,452
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,854,452 | $25,902,868 | $43,035,202 | XML |
| 990 | December 2023 | $26,409,094 | $27,119,201 | $36,757,046 | XML |
| 990 | December 2022 | $24,527,753 | $25,031,429 | $32,604,403 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
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 82-1235705).
Questions about ELEVATE HOUSING FOUNDATION
- What is the EIN of ELEVATE HOUSING FOUNDATION?
- The employer identification number (EIN) of ELEVATE HOUSING FOUNDATION is 82-1235705.
- Is ELEVATE HOUSING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to ELEVATE HOUSING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELEVATE HOUSING FOUNDATION 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 ELEVATE HOUSING FOUNDATION 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 ELEVATE HOUSING FOUNDATION 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 ELEVATE HOUSING FOUNDATION?
- The 990 for the year ended December 31, 2024 names Tony Shir.
- Who are the officers and directors of ELEVATE HOUSING FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 6 received compensation from the organization, the highest $124,838 (Aurora Castaneda).
- How much revenue does ELEVATE HOUSING FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $28,854,452, expenses of $25,902,868 and total assets of $43,035,202 at year end.
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