Overview
What is Kankakee County Housing Development Corp Corporation Nfp?
Kankakee County Housing Development Corp Corporation Nfp is a nonprofit organization situated in Kankakee, Illinois. Their primary mission is to promote and facilitate affordable housing opportunities for low-income families and individuals within the county. They achieve this through developing and promoting homeownership and rental options, with the Azarelli Tower serving as a residence for approximately 100 tenants annually. This nonprofit organization is dedicated to improving housing accessibility and affordability within the Kankakee County community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Kankakee County Housing Development Corp Corporation Nfp has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived solely from its Accountability & Finance metrics, reflecting strong management practices that contribute to its operational effectiveness.
The organization has demonstrated excellent governance, with a fully independent board comprised of six members, which enhances its integrity and decision-making processes. Additionally, it shows no material diversion of assets and has clear policies in place regarding conflicts of interest and document retention, which are essential for transparency and accountability.
Financially, Kankakee County Housing Development Corp maintains a healthy ratio of liabilities to assets at 22.77%, while its program expense ratio stands impressively at 96.12%. This indicates that a significant portion of its resources is directed toward its programs, underscoring its commitment to serving the community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Kankakee County Housing Development Corp Corporation Nfp legitimate?
Kankakee County Housing Development Corp Corporation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kankakee County Housing Development Corp Corporation 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
For more financial information, click here
What is the mission statement of Kankakee County Housing Development Corp Corporation Nfp?
The Kankakee County Housing Development Corp Corporation Nfp is committed to fostering low-income housing and promoting affordable homeownership and rental opportunities for families and individuals across the region. Their mission is to develop and advance these opportunities, aiming to provide a stable living situation for a wide range of people. They have successfully housed over 100 tenants annually, as demonstrated by their operation of the Azarelli Tower. In essence, their goal is to make housing more accessible and affordable for those who need it most.
Who is the CEO of Kankakee County Housing Development Corp Corporation Nfp?
Randy Mcgill is the President of Kankakee County Housing Development Corp Corporation Nfp. The CEO's salary of Kankakee County Housing Development Corp Corporation Nfp is $0 and their total compensation is $163,858.
What is the revenue of Kankakee County Housing Development Corp Corporation Nfp?
Kankakee County Housing Development Corp Corporation Nfp's revenue in 2022 was $802,884.
Who are the executives of Kankakee County Housing Development Corp Corporation Nfp and what are their salaries?
Here are 7 key members and their salaries (Kankakee County Housing Development Corp Corporation Nfp's CEO's salary is $0 and their total compensation is $163,858):
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- Related: $130,863
- Other: $32,995
Where can I find the form 990 for Kankakee County Housing Development Corp Corporation Nfp?
Kankakee County Housing Development Corp Corporation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kankakee County Housing Development Corp Corporation Nfp
Kankakee County Housing Development Corp Corporation Nfp, in its mission, strives to foster low-income housing and promote affordable homeownership and rental opportunities within the community. This non-profit organization aims to cater to the needs of families and individuals, providing them with a viable housing solution. The organization's efforts extend to developing and promoting various housing opportunities, ensuring that everyone has access to a comfortable living space, regardless of their financial situation.
The Azarelli Tower, an operation under Kankakee County Housing Development Corp Corporation Nfp, serves as a testament to their dedication. It houses an average of 100 tenants throughout the year, offering them a secure and affordable living environment. By providing low-income housing, this non-profit organization plays a crucial role in ensuring that everyone has a roof over their heads, thereby contributing to a more inclusive and equitable community.
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Impact
October, 2024
Kankakee County Housing Development Corp Corporation plays a vital role in addressing housing needs for low-income families and individuals in Kankakee County, Illinois. By fostering low-income housing, the organization enhances access to affordable homeownership and rental opportunities, significantly impacting the community's overall well-being.
One of its key initiatives includes the operation of the Azarelli Tower, which provides stable housing for an average of 100 tenants annually. This not only offers essential shelter but also creates a supportive environment for residents, enabling them to focus on improving their lives and pursuing opportunities that may otherwise be out of reach.
The organization's efforts contribute to reducing homelessness and housing instability, thereby fostering community resilience and enhancing economic development in the region. Through its commitment to developing and promoting affordable housing solutions, the Kankakee County Housing Development Corp Corporation helps create a foundation for stronger, more sustainable communities.
This information is meant to be a general summary of Kankakee County Housing Development Corp Corporation 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: $315
- Program Service Revenue: $802,569
- Gross Receipts: $802,884
Assets and Liabilities:
- Total Assets: $3,198,542
- Total Liabilities: $728,516
- Net Assets: $2,470,026
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$794,966
TENANT CHARGES
Revenue
$7,103
DEVELOPER FEES
Revenue
$500
Organization Details
Founding Year
2005
Phone
(815) 939-7125Principal Officer
Randy Mcgill
Main Address
185 N ST JOSEPH AVENUE, KANKAKEE, IL, 609011289
NTEE Category
Code: L22 - Housing
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