Emergency Fund
208 S LaSalle St Ste 1356 Chicago, IL 60604 http://www.emergencyfund.org
Mission and Programs
Mission
Since 1973, the Emergency Fund has provided an indispensable safety net for Chicago''s neediest residents. Our financial assistance program provides essential relief services to persons in need of shelter, food, utility payments, medication and other items. More than 50 volunteers, employed by social service agencies throughout Chicago, distribute our funds to low-income individuals and families experiencing a crisis situation. We are known as the agency of last resort - where people come when they have nowhere else to turn. The Emergency Fund is the only year-round funder of emergency needs in the Chicago area.
Programs
Our core program is our Financial Assistance Program. This program helps individuals, and through them families, to overcome a crisis or get through a transitory period of employment training and placement. Our clients represent the elderly, the homeless, the disabled, single women with children, the ill, and victims of domestic violence and substance abuse. Assistance has been given for rent/mortgage, utility arrearages, transportation to medical appointments and job interviews, eye exams and glasses, and other types of assistance. Our assistance is given immediately, with a minimum of red tape. Our clients are Chicago area residents of all ages, races and ethnic origins. Funds are distributed by Fund Managers at partner agencies who are primarily employed by these agencies but are unpaid by the Emergency Fund. In this way, our operating expenses are kept to a minimum, maximizing the community's dollars. Our assistance helps ensure that our recipients remain on-track toward their work-related goals, rather than being sidelined by issues that could keep them from attending job training sessions, accepting a particular job, signing up for a class that would lead to a better job, or even continuing in the program. Funds are used for work-related issues such as transportation, clothing expenses and child care as well as personal issues such as assistance with rent, utilities, etc. The Emergency Fund's year round programs are augmented in December by the Holiday Fund which provides food baskets to residents of Chicago's north and northwest side.
Program / Activities (NTEE Code)
Emergency Assistance (Food, Clothing, Cash)
Results
Accomplishments for Fiscal Year Ending 12/31/2007
- We distributed over $2 million in immediate financial assistance to thousands of people in need.
- We furthered the goals of the Ten Year Plan to End Homelessness in Chicago by becoming a leader in prevention by administering the state homelessness prevention fund.
Objectives for Fiscal Year Beginning 01/01/2008
- Monitor and evaluate the services provided by our partner agencies to insure that Chicago area families in need are connected with the resources to meet those needs.
- Improve the effectiveness of our assistance in alleviating the crisis presented (at least 90% of our clients will not have called our offices or returned to our partner agencies requesting additional financial assistance for use toward the same need that the Fund?s assistance has already been used for); and continue to provide assistance to clients quickly with a minimum of red tape.
Chief Executive Profile
As Executive Director of the Emergency Fund for Needy People, Nonie Brennan is responsible for day-to-day operations of the organization and the supervision and management of staff. Her goals for the organization include providng the best services to the people of Chicago, expanding those services, and meeting the needs of families in crisis in the Chicago area. Prior to joining the Emergency Fund in 2003, Ms. Brennan was the Executive Director of the Volunteer Center in Battle Creek, Michigan where she was credited with bringing "211" to Michigan. "211" is a three didgit dialing code that connects people with community servcies. Ms. Brennan is a graduate of the University of Western Ontario, is certified in Volunteer Management and Fund Development and is pursuing her Masters in Public Service at DePaul University.
Financial Data
From the organization's FORM 990
Revenue and Expenses: Fiscal Year Ending December 31, 2007
|
Revenue |
|
Expenses |
|
Contributions |
$1,450,891 |
|
Government Grants |
$1,550,234 |
|
Program Services |
$0 |
|
Investments |
$24,818 |
|
Special Events |
$2,306 |
|
Sales |
$0 |
|
Other |
$0 |
|
|
|
Program Services |
$2,843,058 |
|
Administration |
$133,538 |
|
Other |
$229,873 |
|
Total Expenditures |
$3,206,469
|
|
|
Total Revenue |
$3,028,249 |
|
NET GAIN/LOSS |
$(178,220) |
|
|
Balance
Sheet: Fiscal Year Ending December 31, 2007
Notes
The
balance sheet gives a snapshot of the financial health of an organization
at a particular point in time. An organization's total assets should
generally exceed its total liabilities, or it cannot long survive,
but the types of assets and liabilities also must be considered.
For instance, an organization's current assets (cash, receivables,
securities, etc.) should be sufficient to cover its current liabilities
(payables, deferred revenue, current year loan and note payments).
Otherwise, the organization may face solvency problems. On the other
hand, an organization whose cash and equivalents greatly exceed
its current liabilities might not be putting its money to best use.
|
Assets |
Jan 1, 2007 |
Dec 31, 2007 |
Change |
| Cash
& Equivalent |
$469,160 |
$2,629,276 |
$2,160,116 |
| Accounts
Receivable |
$2,339 |
$0 |
$(2,339) |
| Pledges
& Grants Receivable |
$288,213 |
$192,986 |
$(95,227) |
| Receivables/Other |
$0 |
$0 |
$0 |
| Inventories
for Sale or Use |
$0 |
$0 |
$0 |
| Investments/Securities |
$247,816 |
$175,426 |
$(72,390) |
| Investments/Other |
$0 |
$0 |
$0 |
| Fixed
Assets |
$15,118 |
$19,231 |
$4,113 |
| Other |
$7,965 |
$9,890 |
$1,925 |
| Total
Assets |
$1,030,611 |
$3,026,809 |
$1,996,198 |
| |
|
|
|
|
Liabilities |
Jan 1, 2007 |
Dec 31, 2007 |
Change |
| Accounts
Payable |
$82,082 |
$115,864 |
$33,782 |
| Grants
Payable |
$0 |
$0 |
$0 |
| Deferred
Revenue |
$0 |
$0 |
$0 |
| Loans
and Notes |
$0 |
$0 |
$0 |
| Tax-Exempt
Bond Liabilities |
$0 |
$0 |
$0 |
| Other |
$37,756 |
$2,182,474 |
$2,144,718 |
| Total
Liabilities |
$119,838 |
$2,298,338 |
$2,178,500 |
| |
| FUND BALANCE |
$910,773 |
$728,471 |
$(182,302) |
|

| |
Basic Information
|
|
|
This organization is required to file an IRS Form 990 or 990-EZ.
|
EIN: |
23-7359890 |
|
Executive:
|
Ms.
Nonie
Brennan,
Executive Director
|
|
Contact:
|
Nonie
Brennan,
Executive Director
|
|
Phone:
|
(312) 379-0301
|
|
Fax:
|
(312) 379-0304
|
|
E-mail:
|
nbrennan@emergencyfund.org
|
Fiscal
Year: |
2008
|
Assets:
|
$1,691,286
|
Income:
|
$5,690,060
|
Year Founded: |
1973 |
|
No. of Board Members:
|
18
|
|
No. of Full Time Employees:
|
1-5
|
|
No. of Part-Time Employees:
|
1-5
|
|
Volunteers:
|
21-100
|
Audited Statements Available to Public:
|
Yes
|
Funding: |
This organization is seeking funds from contributions and grants. These funds will be used for special projects.
|
Locations Served: |
Chicago, IL
|
|
|
Board of Directors
|
|
John P. Vranas
Mitchell Feiger
Jennifer Homer
Jason Tyler
Jonathan Y. Lulu
James M. Santos
Thomas Owens
Stephen H. Pugh
Rena Leinberger
James A. Brandt
Julie Mineman
Michael L. Monticello
Pamela F. Amos
Alan Stone
|
|
| |
|