Overview
What is 73rd & Dobson?
73rd & Dobson is a nonprofit organization situated in Chicago, Illinois, dedicated to providing affordable housing for individuals of low income. Their primary focus is on offering low income housing solutions, aiming to support those in need. The organization's programs are geared towards this mission, ensuring that housing remains accessible to the underprivileged segment of society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. The rating reflects a mixed performance in terms of accountability and financial management. While the organization demonstrates strong governance with a fully independent board and robust financial oversight, it suffers from a high liabilities-to-assets ratio, indicating potential solvency concerns.
Strengths include a solid program expense ratio of 89.49%, which suggests that a significant portion of funds is directed toward program services rather than administrative costs. Additionally, the organization maintains comprehensive documentation practices, including board meeting minutes and audits, which enhance accountability.
However, there are notable limitations as well. The absence of several critical policies, such as conflict of interest, whistleblower, and document retention policies, raises concerns about transparency and ethical governance. Furthermore, the nonprofit's failure to list its website on tax forms and to post its tax documents adds to the overall accountability issues.
This AI summary has been generated from information found on Charity Navigator.
Is 73rd & Dobson legitimate?
73rd & Dobson is a legitimate nonprofit organization registered as a 501(c)(3) entity. 73rd & Dobson 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: $70,795
For more financial information, click here
What is the mission statement of 73rd & Dobson?
73rd & Dobson is an organization committed to providing affordable housing solutions for those in need. Its primary mission is to offer low-income housing, catering to individuals who may struggle financially. Located in an unspecified area, this organization focuses on making housing accessible to those who are economically disadvantaged. The organization's work contributes to enhancing the living situation and providing a sense of stability for its residents. While the information does not provide additional details about the organization's broader goals or activities, it is clear that 73rd & Dobson plays a vital role in the community by offering essential housing solutions.
Who is the CEO of 73rd & Dobson?
Doris Leach is the President of 73rd & Dobson.
What is the revenue of 73rd & Dobson?
73rd & Dobson's revenue in 2022 was $814,560.
Who are the executives of 73rd & Dobson and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for 73rd & Dobson?
73rd & Dobson's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 73rd & Dobson
73rd & Dobson, as an organization, is dedicated to providing affordable housing solutions for individuals living below the poverty line. Their primary mission is to offer low-income housing, catering to this specific population in need. Located in an unspecified location, 73rd & Dobson operates with the goal of making housing more accessible and affordable for those struggling financially. Their programs focus on addressing the housing needs of the poor, ensuring that everyone has a safe and secure place to call home.
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Impact
October, 2024
73rd & Dobson serves as a vital resource for low-income individuals and families in Chicago, IL, by providing access to affordable housing. The organization focuses on alleviating the housing crisis faced by the poor, ensuring that those in need have safe and stable living conditions. By creating opportunities for secure housing, 73rd & Dobson helps empower residents, enabling them to focus on improving their quality of life and fostering community engagement. This impact not only benefits individuals but also contributes to the overall stability and development of the neighborhoods they serve.
This information is meant to be a general summary of 73rd & Dobson. 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: $35
- Program Service Revenue: $814,525
- Gross Receipts: $814,560
Assets and Liabilities:
- Total Assets: $470,860
- Total Liabilities: $929,191
- Net Assets: -$458,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING
Revenue
$814,525
Organization Details
Founding Year
1973
Principal Officer
Doris Leach
Main Address
2850 S MICHIGAN AVE, CHICAGO, IL, 60616
NTEE Category
Code: L200 - Housing
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