Housing Opportunity Development Corporation

Creating affordable housing in Chicago's northern suburbs

aka HODC   |   Skokie, IL   |  http://www.hodc.org

Mission

HODC's mission is to create, preserve and manage affordable housing for low- and moderate-income households primarily in Chicago's northern suburbs.

Ruling year info

1984

Principal Officer

Dr. Richard Koenig

Main address

5340 Lincoln Ave

Skokie, IL 60077 USA

Show more contact info

EIN

36-3237455

NTEE code info

Housing Development, Construction, Management (L20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

HODC

HODC develops and manages affordable housing throughout Chicago's northern suburbs. HODC has developed over 500 affordable rental and owner-occupied units in over 30 properties. Communities include Evanston, Skokie, Glenview, Highland Park, Niles, Northbrook, Northfield, McHenry, Deerfield, Arlington Heights, Palatine and Wilmette. HODC property management staff manage affordable rental units and service coordinators help persons with disabilities remain independent. HODC also operates homebuyer counseling, property management, and community education programs. Our homebuyer counseling seminars cover all aspects of ownership including budgeting, home selection, owner responsibilities, basic maintenance and closing requirements. HODC staff present to local businesses and organizations on affordable housing topics.

Population(s) Served
Low-income people
Extremely poor people
Homeless people
Working poor

HODC develops housing that is affordable for low income households via rehabilitation and new construction for families, seniors, persons with disabilities and working households.

Population(s) Served

HODC manages the properties we have developed and currently manages 168 affordable rental units.

Population(s) Served

HODC provides housing counseling training through group sessions and one-on-one meetings with interested homebuyers.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of low-income families housed in affordable, well-maintained units as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Related Program

Affordable Housing Development

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of low-income units in market-rate neighborhood

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

HODC mission is to develop, preserve and manage affordable housing throughout Chicago's northern suburbs.

Create additional affordable housing
Manage safe, high quality, and affordable housing units
Preserve existing affordable housing
Use homebuyer counseling to help potential homebuyers and existing owners

Develop affordable housing projects on our own and in partnership
Budget each property to be financially self-sufficient
Identify geographic areas that need affordable units
Preserve affordable properties at risk of being lost
Counsel potential homebuyers to teach them necessary skills
Counsel homeowners to prevent foreclosure

Developed 30 affordable properties with 500 units
Currently manages 400 units throughout the suburbs
Provided housing counseling to over 2000 households

Financials

Housing Opportunity Development Corporation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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Housing Opportunity Development Corporation

Board of directors
as of 08/17/2022
SOURCE: Self-reported by organization
Board chair

William Sholten

Jack Kaplan

United Way

Kristin Berg

Kathy Cortez

Michael Cornell

Sydney Zimelis

Alan Heichman

Rob Rodriguez

Otis Gatlin

Kierra Harris

Deana Haynes

Chealon Shears

Jon Teuber

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/1/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data