Lydia Home Association

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/26/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Lydia Home Association is a Christian, non-profit organization that has been serving children in Chicago since 1916. Our programs are meant to both serve youth in care and be a blessing to our local community.


Contact information

Mailing address:
Lydia Home Association
4300 West Irving Park Road
Chicago, IL 60641

Website: lydiahome.org

Phone: 773-653-2200

Email: development@lydiahome.org


Organization details

EIN: 361412810

CEO/President: Dr. David Anderson

Chairman:

Board size: 12

Founder:

Year founded: 1942

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2009


Purpose

LYDIA provides HOPE, HEALING, and HOME to children in foster care.

HOPE is a future. Lydia empowers kids exposed to trauma to believe in a brighter tomorrow.

HEALING is the restoration of God-given dignity. Lydia provides an integrated, holistic approach to help children recover from the emotional, physical and/or sexual abuse they've endured.

HOME is finding a child's forever family. For those who live at Lydia, home means a safe and nurturing environment for them to grow.


Mission statement

Our mission is to strengthen families to care for children and to care for children when families cannot.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Adoption/Foster Care

CategoryRatingOverall rankSector rank
Overall efficiency rating169 of 9136 of 24
Fund acquisition rating500 of 91510 of 24
Resource allocation rating106 of 9155 of 24
Asset utilization rating243 of 9138 of 24

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%16%29%29%29%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%1%3%3%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
56%8%10%11%14%35%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%1%3%3%3%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
44%92%90%89%86%65%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%88%87%86%87%95%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%96%101%92%116%96%
Program output ratio Program output ratio =
Program services /
Total revenue
77%85%89%79%101%90%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%4%-1%8%-16%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%10%-4%23%-55%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%10%10%11%9%1%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.831.562.172.162.782.62
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.121.261.401.431.561.79
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.161.963.023.094.334.69
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.663.873.253.392.672.04
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.270.260.310.300.370.49
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.834.532.752.741.741.30
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
22%42%22%21%30%28%
Debt ratio Debt ratio =
Debt /
Total assets
0%21%0%0%6%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
75%37%36%37%25%28%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,751,384$687,534$606,423$297,031$1,097,590
Receivables, inventories, prepaids$711,945$536,788$658,090$501,364$268,161
Short-term investments$716,647$695,154$656,790$781,750$706,120
Other current assets$0$0$0$0$0
Total current assets$3,179,976$1,919,476$1,921,303$1,580,145$2,071,871
Long-term investments$0$0$0$0$0
Fixed assets$828,606$760,488$823,621$880,106$827,717
Other long-term assets$0$0$0$0$803,451
Total long-term assets$828,606$760,488$823,621$880,106$1,631,168
Total assets$4,008,582$2,679,964$2,744,924$2,460,251$3,703,039
 
Liabilities20202019201820172016
Payables and accrued expenses$698,619$591,233$567,063$591,150$964,087
Other current liabilities$123,906$0$0$0$52,630
Total current liabilities$822,525$591,233$567,063$591,150$1,016,717
Debt$855,120$3,930$3,742$153,224$2,570
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$855,120$3,930$3,742$153,224$2,570
Total liabilities$1,677,645$595,163$570,805$744,374$1,019,287
 
Net assets20202019201820172016
Without donor restrictions$2,121,368$1,720,173$1,485,746$1,027,504$739,946
With donor restrictions$209,569$364,628$688,373$688,373$1,943,806
Net assets$2,330,937$2,084,801$2,174,119$1,715,877$2,683,752
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$546,777$586,084$706,436$823,109$3,511,912
Program service revenue$5,882,142$5,123,259$5,173,518$5,063,726$6,370,421
Membership dues$0$0$0$0$0
Investment income$37,373$36,001$624,841$30,008$259,543
Other revenue$9,289($21,381)($67,552)($22,766)$28,480
Total other revenue$5,928,804$5,137,879$5,730,807$5,070,968$6,658,444
Total revenue$6,475,581$5,723,963$6,437,243$5,894,077$10,170,356
 
Expenses20202019201820172016
Program services$5,508,534$5,074,632$5,086,694$5,965,743$9,185,650
Management and general$645,109$561,246$638,005$637,483$108,150
Fundraising$86,069$168,083$207,581$235,821$423,407
Total expenses$6,239,712$5,803,961$5,932,280$6,839,047$9,717,207
 
Change in net assets20202019201820172016
Surplus (deficit)$235,869($79,998)$504,963($944,970)$453,149
Other changes in net assets$0$0$0$0$0
Total change in net assets$235,869($79,998)$504,963($944,970)$453,149

Compensation

NameTitleCompensation
David AndersonPresident & Executive Director$84,708

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 1/26/2021. To update the information below, please email: info@ministrywatch.com


History

In 1913, the Ladies Aid Society of the Salem Evangelical Free Church of Chicago felt the need to carry out God's command of caring for the fatherless. They decided that each month they would mend and sew clothing for children who lived in orphanages. As they distributed the clothing the ladies became aware that these orphanages where filled to capacity. It was evident to them that God was calling them to go further than just mend and sew clothing - He wanted them to provide a home for children who had no one to care for them. The ladies responded to God's calling and in 1916, the charter for LYDIA Children's Home Society was formed.

In 1917, tragedy struck one of the ladies within the Ladies Aid Society. Dora Ogne was struck ill with Scarlet Fever and died, leaving her husband Andrew to care for seven children. Andrew knew of the Ladies Aid Society desire to start an orphanage, he went to them with an offer of giving his home to the society to start their orphanage if they would help care for his children. As a result, the vision for LYDIA Children's Home had become a reality with seven children.

The next 2 years - LYDIA Children's Home found it essential to purchase two more homes to provide for the many children that God continued to place in their care. In 1920, the property at 4300 West Irving Park Road was purchased as a larger, permanent home for LYDIA's children.

Today over 100 years later, LYDIA remains committed to providing Hope, Healing and Home to children in the foster care community. The challenges we face are great, but we are grateful for the sacred privilege to serve with the aim of improving children's lives and providing opportunities for families to be restored.

LYDIA Home Association was named after a woman in the Bible recorded in the book of Acts. The woman, Lydia, was a faithful, God-fearing woman who opened her home to those who needed shelter. (Acts 16:14-15)


Program accomplishments

Our residential Treatment Program is consistently ranked as a Level 1 program, the highest possible rating granted by DCFS.


Needs