Overview
What is Community Initiatives Inc?
Community Initiatives Inc, situated in Chicago, Illinois, is a dedicated nonprofit organization focusing on preserving lower-income neighborhoods. They achieve this goal by maintaining the quality of affordable rental housing. As the appointed receiver for 44 buildings with 646 units, as of September 30, 2022, they have significantly impacted troubled properties. Through their Troubled Buildings Initiative (TBI), they have taken action on 1,164 buildings, addressing the issues in 19,635 housing units and recovering 835 buildings with 15,172 units. Their mission is to enhance the living conditions for residents in these neighborhoods, ensuring the continuity and upkeep of their homes.
Official website here: www.cicchicago.com
Is Community Initiatives Inc legitimate?
Community Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,649,687
For more financial information, click here
Official website here: www.cicchicago.com
What is the mission statement of Community Initiatives Inc?
Community Initiatives Inc's mission is centered around preserving lower-income neighborhoods. They achieve this by focusing on the preservation of quality, affordable rental housing. This mission is carried out through various initiatives, including the Troubled Buildings Initiative (TBI), which aims to improve properties in dire need of repair and alleviate issues in their surrounding communities. As of September 30, 2022, CII has taken action on over 1,164 buildings with a total of 19,635 housing units, and has successfully recovered 835 buildings with 15,172 units.
Official website here: www.cicchicago.com
What is the revenue of Community Initiatives Inc?
Community Initiatives Inc's revenue in 2023 was $4,787,426.
Official website here: www.cicchicago.com
Who are the executives of Community Initiatives Inc and what are their salaries?
There 7 volunteers at Community Initiatives Inc.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $286,936
- Other: $23,960
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $253,638
- Other: $40,748
- Compensation: $0
- Related: $225,023
- Other: $45,373
- Compensation: $0
- Related: $185,015
- Other: $25,766
- Compensation: $0
- Related: $136,274
- Other: $18,543
- Compensation: $0
- Related: $77,625
- Other: $15,936
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $255,067
- Related: $0
- Other: $24,871
Official website here: www.cicchicago.com
Where can I find the form 990 for Community Initiatives Inc?
Community Initiatives Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cicchicago.com
Learn more at the official website: www.cicchicago.com
Mission Statement of Community Initiatives Inc
Community Initiatives Inc, a nonprofit organization, is committed to preserving lower-income neighborhoods by ensuring the continuity of quality, affordable rental housing. Through their mission, they aim to safeguard communities that are often plagued by buildings in dire need of repair and maintenance, thereby improving the living conditions for their residents. As of September 30, 2022, Community Initiatives Inc has been appointed as the court-appointed receiver for 44 buildings with 646 units, demonstrating their dedication to addressing the most pressing housing issues in these communities. Their Troubled Buildings Initiative (TBI) has made significant strides, taking action on 1,164 buildings with 19,635 housing units and recovering 835 buildings with 15,172 units. The organization's work is essential in revitalizing lower-income neighborhoods and offering residents a sustainable living environment.
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Impact
October, 2024
Community Initiatives Inc plays a vital role in preserving lower-income neighborhoods by focusing on the maintenance and improvement of affordable rental housing. Through its Troubled Buildings Initiative (TBI), it addresses the most distressed properties within the community, ensuring that residents have access to safe and quality living conditions. As of September 30, 2022, CII is the court-appointed receiver for 44 buildings, encompassing 646 units, which were identified as needing urgent repair.
The impact of this initiative extends beyond individual buildings; TBI has engaged with a total of 1,164 buildings, affecting 19,635 housing units. Notably, it has successfully recovered 835 buildings, restoring 15,172 units back to livable conditions. This comprehensive approach not only improves housing quality but also enhances the overall stability and vitality of neighborhoods that may otherwise face decline. By prioritizing affordable rental options, Community Initiatives Inc helps fortify the social and economic fabric of these communities, ensuring residents can thrive in their homes.
This information is meant to be a general summary of Community 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 2023.
- Program Service Revenue: $1,020,022
- Gross Receipts: $4,787,426
Assets and Liabilities:
- Total Assets: $15,217,882
- Total Liabilities: $11,216,590
- Net Assets: $4,001,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING
Revenue
$855,540
LOAN SERVICING
Revenue
$164,482
Organization Details
Founding Year
2002
Principal Officer
Stacie A Young
Website
www.cicchicago.comNTEE Category
Code: L12 - Housing
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