Funder DirectoryHOMESTEAD AFFORDABLE DEVELOPMENT CORPORATION
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Grantmaking public charityEIN 471656765

HOMESTEAD AFFORDABLE DEVELOPMENT CORPORATION

CHICAGO, IL 60654

Total Assets

FY 2020

Annual Giving

$1.8M

FY 2020

Grants Made

28

FY 2020

Avg Grant

$65K

FY 2020

Grant Range

Typical

Deadlines

Applications

Programs & Activities

Program 1

$696K

THE BOULEVARD PROJECT: Homestead Affordable Development Company, a Chicago 501(c)(3) affordable housing developer, in partnership with The Boulevard, a Chicago 501(c)(3). is seeking to build a nine - unit pilot project located at 401 N Monticell o in Chicago, IL with two end goals: i) to demonstrate the feasibility of using up-cycled high-gauge steel framing to produce housing; and, ii) to provide permanent supportive housing for The Boulevard's, homeless clients. This project will produce nine units of 640 sq. ft. one-bedroom apartments at a roughly 25% or more in cost savings and in approximately half the construction time of a traditional new construction project. This project will create architecturally and esthetically beautiful new housing that is environmentally friendly as well as energy efficient.

Program 2

$464K

PROGRAM DEVELOPMENT: HADC purchased the lot located at 401 N Monticell o in Chicago, IL and has subsequently donated it to HE INTERFAITH HOUSING DEVELOPMENT CORPORATION OF CHICAGO, an Illinois not-for-profit corporation.

Financial Snapshot

2020 filing

Total Revenue

$242K

Total Expenses

$2.0M

Top Recipients

28 grants

Grant Size Distribution

28 grants

<$10K
1
grants
$10–50K
15
grants
$50–250K
12
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

5 states

Illinois
$1.6M
86% of total
Colorado
$138K
8% of total
Maryland
$63K
3% of total
Mississippi
$30K
2% of total
Oklahoma
$25K
1% of total

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HOMESTEAD AFFORDABLE DEVELOPMENT CORPORATION — Grants, Financials & Contact | Grantivo