Overview
What is Chicago Neighborhood Initiatives Inc?
Chicago Neighborhood Initiatives Inc is a nonprofit organization situated in Chicago, Illinois, specifically at 1000 EAST 111TH STREET - 10TH FLOOR. Their primary mission is to stimulate economic development and combat community deterioration in underprivileged areas. They achieve this by developing large retail and industrial sites in economically distressed neighborhoods, thereby creating job opportunities and making fresh food more accessible to the local community. With a dedicated workforce of 10 individuals, Chicago Neighborhood Initiatives Inc is committed to uplifting low-income communities and improving their overall living conditions.
Official website here: www.cnigroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
Chicago Neighborhood Initiatives Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, indicating strong performance in accountability and financial health. The organization received an impressive score of 92% for its Accountability & Finance, reflecting a commitment to transparency and responsible management of funds.
Key strengths of the nonprofit include a fully independent board, robust financial oversight, and impeccable fiscal practices, such as having no material diversion of assets. Additionally, the organization demonstrates effective program spending, with a program expense ratio of 73.23%, indicating that the majority of its resources directly support its mission.
However, there are some areas for improvement, particularly in its liabilities to assets ratio, which stands at 46.42%. While this is not uncommon, it suggests that the organization may need to monitor its liabilities more closely to ensure long-term financial sustainability. Overall, Chicago Neighborhood Initiatives Inc appears to be a well-managed organization with a strong emphasis on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Neighborhood Initiatives Inc legitimate?
Chicago Neighborhood Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Neighborhood Initiatives Inc 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: $841,032
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,660
For more financial information, click here
Official website here: www.cnigroup.org
What is the mission statement of Chicago Neighborhood Initiatives Inc?
Chicago Neighborhood Initiatives Inc is committed to fostering economic development and combating community deterioration in low-income communities. Their mission is to achieve this by transforming economically distressed neighborhoods, specifically in Chicago, into areas that provide ample job opportunities and access to fresh food sources. By developing large retail and industrial sites, this organization aims to revitalize these communities, thereby improving the living standards of its residents.
Official website here: www.cnigroup.org
Who is the CEO of Chicago Neighborhood Initiatives Inc?
David Doig is the Director of Chicago Neighborhood Initiatives Inc.
Official website here: www.cnigroup.org
What is the revenue of Chicago Neighborhood Initiatives Inc?
Chicago Neighborhood Initiatives Inc's revenue in 2022 was $6,086,031.
Official website here: www.cnigroup.org
Who are the executives of Chicago Neighborhood Initiatives Inc and what are their salaries?
The average compensation at Chicago Neighborhood Initiatives Inc during 2022 was $104,969. There are 10 employees at Chicago Neighborhood Initiatives Inc.
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- Compensation: $179,428
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- Other: $25,711
Official website here: www.cnigroup.org
Where can I find the form 990 for Chicago Neighborhood Initiatives Inc?
Chicago Neighborhood Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cnigroup.org
Learn more at the official website: www.cnigroup.org
Mission Statement of Chicago Neighborhood Initiatives Inc
Chicago Neighborhood Initiatives Inc is dedicated to fostering economic development and combating community deterioration in low-income communities. Their mission is to revitalize economically distressed neighborhoods by developing large retail and industrial sites. This strategic approach aims to create job opportunities and enhance community access to fresh foods, thereby uplifting the local population. By investing in these areas, Chicago Neighborhood Initiatives Inc contributes to the overall improvement of the community, leading to a more prosperous and sustainable living environment.
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Impact
October, 2024
Chicago Neighborhood Initiatives Inc plays a pivotal role in generating economic development and combating community deterioration in low-income neighborhoods. By focusing on real estate development, the organization has successfully developed large retail and industrial sites in economically distressed areas of Chicago. This development not only brings much-needed jobs to the community but also enhances access to fresh foods, helping to address food insecurity.
The impact of these initiatives extends beyond mere economic metrics; they contribute to the revitalization of neighborhoods and foster a sense of community pride. Through strategic investment and development, Chicago Neighborhood Initiatives Inc empowers residents by creating opportunities for employment and improving the overall quality of life. This commitment to community improvement is crucial in facilitating sustainable growth and resilience in areas that need it the most.
This information is meant to be a general summary of Chicago Neighborhood Initiatives Inc. 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: $50,260
- Program Service Revenue: $683,129
- Gross Receipts: $7,035,089
Assets and Liabilities:
- Total Assets: $28,044,875
- Total Liabilities: $12,992,538
- Net Assets: $15,052,337
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$395,783
NMTC FEE INCOME
Revenue
$271,721
SERVICE AND FACILITY MANAGEMENT F
Revenue
$15,625
Organization Details
Founding Year
2010
Phone
(773) 341-2067Principal Officer
David Doig
Main Address
1000 EAST 111TH STREET - 10TH FLOOR, CHICAGO, IL, 60628
Website
www.cnigroup.orgNTEE Category
Code: S30 - Community improvement
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