Overview
What is Hci Properties Nfp?
Hci Properties Nfp is a nonprofit organization situated in Elgin, Illinois. They primarily hold the title to a collection of affordable rental properties, supporting the Housing Continuum, Inc. Their mission involves managing and maintaining these properties, ensuring that rent is income-based, benefiting individuals with limited financial means. By doing so, they contribute to the overall housing market, providing affordable living solutions.
Is Hci Properties Nfp legitimate?
Hci Properties Nfp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Hci Properties Nfp 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 Hci Properties Nfp?
Hci Properties Nfp's mission is centered around maintaining affordable rental properties. This mission serves the benefit of Housing Continuum, Inc. The organization holds title to a collection of thirteen such properties, where rent is determined based on the income of the tenants. Hci Properties Nfp is responsible for the upkeep and maintenance of these properties.
Who is the CEO of Hci Properties Nfp?
Lowell Tosch is the President of Hci Properties Nfp.
What is the revenue of Hci Properties Nfp?
Hci Properties Nfp's revenue in 2022 was $228,953.
Who are the executives of Hci Properties Nfp and what are their salaries?
There 6 volunteers at Hci Properties Nfp.
Here are 7 key members and their salaries:
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- Related: $157,360
- Other: $14,265
Where can I find the form 990 for Hci Properties Nfp?
Hci Properties Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hci Properties Nfp
Hci Properties Nfp, a nonprofit organization, is dedicated to holding title to a collection of affordable rental properties. This mission is carried out to benefit Housing Continuum, Inc., ensuring that affordable housing options are available. The organization manages thirteen properties, with rent determined based on each tenant's income. Hci Properties Nfp is responsible for maintaining these properties, ensuring they remain in good condition for their residents.
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Impact
October, 2024
HCI Properties Nfp positively impacts the local community by providing access to affordable housing through its program, which encompasses thirteen rental properties. By offering income-based rent, the organization ensures that residents can secure housing that fits within their financial means, essential for fostering stability and improving quality of life.
With a focus on maintaining these properties, HCI Properties Nfp enhances the overall living conditions in the area, contributing to community improvement. Furthermore, by holding title to these properties, the organization supports the mission of Housing Continuum, Inc., reinforcing the broader housing continuum framework that aims to address homelessness and housing instability.
As a result, HCI Properties Nfp plays a crucial role in enhancing the livability of Elgin, IL, by ensuring that more residents have the opportunity for safe, affordable housing, which can lead to greater community cohesion and economic stability.
This information is meant to be a general summary of Hci Properties Nfp. 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 2022.
- Investment Income: $188
- Program Service Revenue: $218,418
- Gross Receipts: $228,953
Assets and Liabilities:
- Total Assets: $2,097,769
- Total Liabilities: $2,851,022
- Net Assets: -$753,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$218,418
Organization Details
Founding Year
2005
Phone
(847) 697-8800Principal Officer
Lowell Tosch
Main Address
100 S HAWTHORNE ST, ELGIN, IL, 60123
NTEE Category
Code: S47 - Community improvement
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