Overview
What is Will County Housing Development Corporation Nfp?
Will County Housing Development Corporation Nfp is a nonprofit organization situated in Joliet, Illinois, specifically at 6 South Broadway Street. Their primary mission is centered around the development and promotion of affordable housing options for families with low and moderate incomes. With a dedicated workforce of four individuals, they strive to make housing more accessible and affordable for those who need it most. The organization's activities are focused on this crucial mission, contributing positively to the community and addressing a pressing social need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Will County Housing Development Corporation has earned a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. With a score of 86%, this rating indicates that the organization is effectively managing its financial resources and maintaining transparency in its operations. The overall score is based solely on the Accountability & Finance metrics, showcasing the organization's commitment to responsible financial practices.
Key strengths of this nonprofit include a fully independent board, with all members meeting the criteria for independence, and high scores for financial oversight. The organization has demonstrated excellent fiscal health, with a liabilities to assets ratio of 20.76%, indicating a solid financial position. Moreover, a significant majority of its expenses (91.97%) are directed towards its programs, underscoring its focus on mission-related activities.
While the evaluation highlights strong governance and financial practices, there are no noted limitations in the dataset provided. This suggests that the Will County Housing Development Corporation is performing well in its operations, making it a reliable entity for potential donors and stakeholders looking for effective nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Will County Housing Development Corporation Nfp legitimate?
Will County Housing Development Corporation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Will County Housing Development 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: $121,154
For more financial information, click here
What is the mission statement of Will County Housing Development Corporation Nfp?
The Will County Housing Development Corporation Nfp is dedicated to the development and promotion of affordable housing options for households with moderate and low incomes. Their mission is centered around making housing accessible for those who may otherwise struggle to afford it. They strive to contribute to the community by providing comfortable living spaces for families in need, thereby enhancing overall living standards. The organization's activities primarily focus on this mission, working tirelessly to ensure that affordable housing becomes a reality for many families.
Who is the CEO of Will County Housing Development Corporation Nfp?
Dr Glenda Mccullum is the Chairman of Will County Housing Development Corporation Nfp.
What is the revenue of Will County Housing Development Corporation Nfp?
Will County Housing Development Corporation Nfp's revenue in 2022 was $7,913,917.
Who are the executives of Will County Housing Development Corporation Nfp and what are their salaries?
The average compensation at Will County Housing Development Corporation Nfp during 2022 was $30,288. There are 4 employees at Will County Housing Development Corporation Nfp.
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Where can I find the form 990 for Will County Housing Development Corporation Nfp?
Will County Housing Development Corporation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Will County Housing Development Corporation Nfp
Will County Housing Development Corporation Nfp is committed to a mission that focuses on the development and promotion of affordable housing options for families and individuals with low and moderate incomes. This nonprofit organization works tirelessly to ensure that these households have access to suitable living spaces, contributing significantly to their overall quality of life. By taking on this mission, Will County Housing Development Corporation Nfp plays a pivotal role in addressing housing disparities and fostering inclusive communities.
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Impact
October, 2024
Will County Housing Development Corporation Nfp plays a crucial role in addressing the housing needs of low and moderate-income households in Joliet, IL. By focusing on the development and promotion of affordable housing, it helps to ensure that families and individuals have access to safe, stable, and affordable living conditions. This initiative not only alleviates housing insecurity but also enhances the overall quality of life for residents, empowering them to pursue education, employment, and community involvement.
The organization's efforts contribute to the economic vitality of the region by fostering diverse neighborhoods and supporting local economies. By creating affordable housing options, it encourages a more inclusive community where individuals from various backgrounds can thrive. Additionally, the promotion of affordable housing can lead to improved social cohesion and a reduction in homelessness, making it a vital component of the broader social infrastructure in Will County.
This information is meant to be a general summary of Will County Housing Development 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.
- Program Service Revenue: $7,732,519
- Gross Receipts: $7,913,917
Assets and Liabilities:
- Total Assets: $16,090,496
- Total Liabilities: $2,702,227
- Net Assets: $13,388,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORT REVENUE
Revenue
$6,430,000
INCOME FROM DEVELOPMEN
Revenue
$663,989
DEVELOPER FEE INCOME
Revenue
$399,653
MANAGEMENT FEE REVENUE
Revenue
$180,254
RENTAL REVENUE
Revenue
$44,543
Organization Details
Founding Year
2007
Phone
(815) 727-0611Principal Officer
Dr Glenda Mccullum
Main Address
6 SOUTH BROADWAY STREET, JOLIET, IL, 60436
NTEE Category
Code: L20 - Housing
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