Overview
What is Armitage Commons Preservation Nfp?
Armitage Commons Preservation Nfp is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to offer safe, clean, and hygienic rental housing accommodations for individuals and families with modest incomes. They served 113 families in 2022, demonstrating their commitment to this cause. The initiative is backed by Hispanic Housing Development Corporation, a tax-exempt organization. The nonprofit's purpose is to ensure that low-income residents have access to suitable living conditions, contributing positively to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Armitage Commons Preservation Nfp has earned a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 72%. The organization's accountability and finance score mirrors this rating, indicating that while it meets some essential criteria, there are areas requiring attention and improvement. Notably, the nonprofit has a solid score for its program expense ratio at 85.63%, which suggests a strong commitment to its mission-related activities.
However, there are significant limitations highlighted in the assessment. The organization has only 66% independent board members, and the size of independent members is notably low, scoring zero points in that area. Furthermore, the nonprofit's liabilities to assets ratio is concerning at 208.90%, suggesting potential financial instability and warranting closer scrutiny.
On a positive note, Armitage Commons has policies in place for conflict of interest and whistleblower protection, and it has achieved a perfect score in its audit and oversight committee assessment. Despite these strengths, the issues regarding independence on the board and financial liabilities indicate a need for improvements in governance and financial management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Armitage Commons Preservation Nfp legitimate?
Armitage Commons Preservation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Armitage Commons Preservation 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: $224,562
For more financial information, click here
What is the mission statement of Armitage Commons Preservation Nfp?
Armitage Commons Preservation Nfp's mission is centered around providing safe, decent, and sanitary rental housing for individuals and families with low to moderate income levels. The organization strives to ensure that these tenants have access to clean and suitable living spaces, contributing to their overall well-being. In 2022, they served 113 families, demonstrating their commitment to this mission. The sponsor of this project is the Hispanic Housing Development Corporation, a tax-exempt organization.
Who is the CEO of Armitage Commons Preservation Nfp?
Hipolito Roldan is the President of Armitage Commons Preservation Nfp.
What is the revenue of Armitage Commons Preservation Nfp?
Armitage Commons Preservation Nfp's revenue in 2022 was $1,507,741.
Who are the executives of Armitage Commons Preservation Nfp and what are their salaries?
There 2 volunteers at Armitage Commons Preservation Nfp.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $410,579
- Other: $64,610
- Compensation: $0
- Related: $218,356
- Other: $48,291
- Compensation: $0
- Related: $167,672
- Other: $28,243
- Compensation: $0
- Related: $113,510
- Other: $32,312
- Compensation: $0
- Related: $155,042
- Other: $28,810
- Compensation: $0
- Related: $137,494
- Other: $17,702
- Compensation: $0
- Related: $114,379
- Other: $26,659
Where can I find the form 990 for Armitage Commons Preservation Nfp?
Armitage Commons Preservation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Armitage Commons Preservation Nfp
Armitage Commons Preservation Nfp, as a nonprofit organization, is committed to providing safe, decent, and sanitary rental housing for individuals and families with low and moderate incomes. The mission of Armitage Commons Preservation Nfp is to ensure that its tenants have access to a living environment that meets basic standards of cleanliness and safety. This mission is carried out through the operation of an apartment complex, which serves as a home for 113 families each year. The sponsor of this project is Hispanic Housing Development Corporation, a tax-exempt organization that shares the same commitment to providing affordable housing solutions. By offering secure and well-maintained living spaces, Armitage Commons Preservation Nfp contributes to the well-being of its community members, enabling them to focus on other aspects of their lives with peace of mind.
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Impact
October, 2024
Armitage Commons Preservation Nfp plays a vital role in addressing the housing needs of low and moderate-income families in Chicago. By operating an apartment complex specifically designed to provide safe, decent, and sanitary rental housing, it ensures that vulnerable populations have access to stable living conditions. In 2022 alone, 113 families benefited from this initiative, highlighting its direct impact on the community.
The organization's commitment to affordable housing not only improves living standards for these families but also fosters a sense of community and stability, which is essential for their overall well-being. Through its efforts, Armitage Commons Preservation contributes to reducing housing insecurity and promotes a healthier, more vibrant community in neighborhoods where such needs are often pronounced.
This information is meant to be a general summary of Armitage Commons Preservation 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: $1,686
- Program Service Revenue: $1,430,276
- Gross Receipts: $1,507,741
Assets and Liabilities:
- Total Assets: $5,132,148
- Total Liabilities: $10,721,429
- Net Assets: -$5,589,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,429,497
TENANT CHARGES
Revenue
$779
Organization Details
Founding Year
2006
Phone
(312) 602-6500Principal Officer
Hipolito Roldan
Main Address
325 N WELLS 8TH FLOOR, CHICAGO, IL, 60654
NTEE Category
Code: L21 - Housing
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