Overview
What is Squire Village Preservation Nfp?
Squire Village Preservation Nfp is a nonprofit organization situated in Chicago, Illinois. They are committed to offering safe, clean, and hygienic rental housing for individuals with modest incomes. In 2022, they served 181 families, primarily based in Elgin, Illinois. The sponsor of this project is Hispanic Housing Development Corporation, which is also a nonprofit organization. Squire Village Preservation Nfp's primary focus is to provide affordable housing options for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Squire Village Preservation Nfp has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various operational aspects. The organization scored 72% overall, reflecting strengths in areas such as accountability, with a solid score for its majority independent board members and comprehensive financial oversight measures. The presence of established policies for conflict of interest and whistleblowing further supports the governance of the nonprofit.
However, the organization faces significant challenges, particularly in its financial health, as indicated by a high liabilities to assets ratio of 128.88%. This raises concerns about its financial stability and ability to meet its obligations. While it excels in directing a large portion of its expenses toward programs, the overall financial structure needs to be addressed to ensure long-term sustainability.
In summary, while Squire Village Preservation Nfp demonstrates strong accountability measures and a significant commitment to its programs, it must work on enhancing its financial health to foster greater trust and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Squire Village Preservation Nfp legitimate?
Squire Village Preservation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Squire Village 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: $174,786
For more financial information, click here
What is the mission statement of Squire Village Preservation Nfp?
Squire Village Preservation Nfp's mission is centered around providing safe, decent, and sanitary rental housing for individuals and families with low and moderate income. The organization operates with the primary goal of ensuring that these tenants have access to quality living spaces. In 2022, they served 181 families, demonstrating their commitment to this mission. The sponsor of this project is the Hispanic Housing Development Corporation, which is a non-profit organization.
Who is the CEO of Squire Village Preservation Nfp?
Hipolito Roldan is the President of Squire Village Preservation Nfp.
What is the revenue of Squire Village Preservation Nfp?
Squire Village Preservation Nfp's revenue in 2022 was $2,369,116.
Who are the executives of Squire Village Preservation Nfp and what are their salaries?
There 2 volunteers at Squire Village 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 Squire Village Preservation Nfp?
Squire Village Preservation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Squire Village Preservation Nfp
Squire Village Preservation Nfp is a non-profit organization with a mission to provide safe, decent, and sanitary rental housing for individuals and families who fall under the category of low and moderate income earners. Through its operations, the organization strives to ensure that its tenants have access to living spaces that meet basic standards of cleanliness and safety. In the year 2022, the corporation served a total of 181 families, indicating its dedication to fulfilling its mission. Squire Village Preservation Nfp's work is made possible through the sponsorship of Hispanic Housing Development Corporation, another non-profit organization that supports affordable housing initiatives.
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Impact
October, 2024
Squire Village Preservation Nfp significantly contributes to the community by providing safe, decent, and sanitary rental housing for low and moderate-income tenants. Operating an apartment complex in Elgin, Illinois, it served 181 families in 2022, directly addressing the housing needs of vulnerable populations. By ensuring access to affordable housing, Squire Village plays a crucial role in enhancing the living conditions and stability of families, fostering a sense of community, and improving overall quality of life for its residents. The partnership with the Hispanic Housing Development Corporation further amplifies its impact, leveraging resources and expertise to support housing initiatives in the region.
This information is meant to be a general summary of Squire Village 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: $10,062
- Program Service Revenue: $2,356,258
- Gross Receipts: $2,369,116
Assets and Liabilities:
- Total Assets: $14,291,807
- Total Liabilities: $18,420,878
- Net Assets: -$4,129,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,332,375
TENANT CHARGES
Revenue
$13,305
LAUNDRY AND VENDING
Revenue
$10,578
Organization Details
Founding Year
2008
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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