Overview
What is Affordable Housing Preservation Foundation 51st St Y?
The Affordable Housing Preservation Foundation 51st St Y, located in Chicago, Illinois, is a charitable organization with a mission to improve housing opportunities for vulnerable populations. This includes the homeless, elderly, handicapped, and individuals with low or moderate income. The foundation sponsors and manages the construction and operation of suitable housing facilities and related services, aiming to provide a secure living environment for these communities.
Is Affordable Housing Preservation Foundation 51st St Y legitimate?
Affordable Housing Preservation Foundation 51st St Y is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Preservation Foundation 51st St Y submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Affordable Housing Preservation Foundation 51st St Y?
The Affordable Housing Preservation Foundation, in its mission, aims to sponsor the charitable purchase, development, construction, and operation of housing facilities and services for individuals who are homeless, elderly, handicapped, or fall into the categories of low and moderate income. The foundation's purpose is to provide shelter and necessary services to these groups, contributing to their well-being and improving their living conditions. By doing so, the foundation seeks to make a significant impact on the lives of those in need.
Who is the CEO of Affordable Housing Preservation Foundation 51st St Y?
Clifford Rome is the Director of Affordable Housing Preservation Foundation 51st St Y.
What is the revenue of Affordable Housing Preservation Foundation 51st St Y?
Affordable Housing Preservation Foundation 51st St Y's revenue in 2023 was $94,282.
Who are the executives of Affordable Housing Preservation Foundation 51st St Y and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Affordable Housing Preservation Foundation 51st St Y?
Affordable Housing Preservation Foundation 51st St Y's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Affordable Housing Preservation Foundation 51st St Y
The Affordable Housing Preservation Foundation, in its charitable endeavors, focuses on sponsoring the acquisition, development, construction, and operation of housing facilities and services. This nonprofit organization is committed to serving individuals who are homeless, elderly, handicapped, or fall within the low and moderate income brackets. The primary goal of the Affordable Housing Preservation Foundation is to provide a safe and supportive living environment for these vulnerable populations, ensuring they have access to essential housing and necessary services. Through its charitable efforts, the foundation aims to contribute to the betterment of these communities and improve their overall quality of life.
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Impact
October, 2024
The Affordable Housing Preservation Foundation 51st St Y plays a crucial role in addressing the pressing need for stable housing in Chicago. By focusing on the construction and operation of housing facilities, it provides essential services for the homeless, elderly, handicapped individuals, and those with low to moderate incomes. This foundation directly contributes to reducing homelessness and improving the quality of life for vulnerable populations.
Its initiatives not only create new housing opportunities but also foster a sense of community and belonging for residents. By sponsoring the development and operation of these facilities, the foundation helps to ensure that critical resources and support services are accessible to those in need, promoting greater social equity and stability in the region. The work of the foundation empowers individuals and families by providing them with safe, affordable housing, which is foundational to overall well-being and success.
This information is meant to be a general summary of Affordable Housing Preservation Foundation 51st St Y. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $55,390
- Program Service Revenue: $38,950
- Gross Receipts: $94,282
Assets and Liabilities:
- Total Assets: $2,956,724
- Total Liabilities: $497,071
- Net Assets: $2,459,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP MANAGEMENT FEES
Revenue
$38,950
Organization Details
Principal Officer
Clifford Rome
Main Address
2850 S MICHIGAN AVE, CHICAGO, IL, 60616
NTEE Category
Code: L21 - Housing
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