HOUSING OPTIONS FOR THE MENTALLY ILL IN EVANSTON INC
Mission Statement
Our mission is to: • Develop housing opportunities for adults recovering from chronic mental illnesses • Provide a network of support services so that each person can live as independently as possible • Advance understanding of mental illnesses and the need for supportive housing. In fulfilling that mission, we base our work on a strong set of core beliefs: • We believe that individuals can recover from mental illness and homelessness and live to their full individual potential. • We believe that every individual has the right to safe and secure housing. • We believe that every individual should have the opportunity to enjoy and participate fully in their community. • We believe that every individual has the right and responsibility to make their own life choices.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.6% | 84.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
14.3% | 13.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
22.3 mo | 7.0 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
24.3% | 19.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
50.5% | 91.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
5.3% | 5.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
18.1% | 7.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.4% | 2.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $7.6M | $6.9M | $12.8M | 81.6% | 84 |
| 2024 | $7.2M | $5.8M | $12.0M | 78.8% | 71 |
| 2023 | $8.5M | $4.5M | $10.6M | 79.2% | 46 |
| 2022 | $4.7M | $3.5M | $6.5M | 78.5% | 38 |
| 2021 | $3.2M | $2.9M | N/A | — | 34 |
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