Overview
What is River North Residents Association?
The River North Residents Association is a community-focused nonprofit organization situated in Chicago, Illinois. Their primary mission is to improve the quality of life in the River North neighborhood, engaging with residents, city officials, local businesses, and community organizations. To achieve this goal, they host various events annually, such as the popular Taste of River North festival showcasing food, art, music, and entertainment, summer movies in the park, family-oriented activities, social gatherings for members, and an annual meeting and reception. Additionally, the association offers financial and promotional support to select local non-profit organizations. The organization's efforts encompass six key areas: public safety, responsible development and land use, environment/infrastructure, well-managed hospitality, community events, and supporting local charitable organizations.
Official website here: www.rnrachicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The River North Residents Association has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and finance management. The rating is based on their adherence to standards of transparency, governance, and financial health. The organization received a perfect score in several areas, including having a majority-independent board and no material diversion of assets.
Strengths of the River North Residents Association include their commitment to transparency, as evidenced by the presence of key governance policies such as conflict of interest and whistleblower policies. Additionally, they maintain a solid liabilities to assets ratio, which reflects sound financial practices. However, their program expense ratio of 52.72% suggests that less than half of their total expenses are directed toward their programs, which might raise concerns about efficiency in utilizing funds for their mission.
While the organization demonstrates strong governance practices, there is room for improvement in their program expense ratio, suggesting a need for more strategic allocation of resources towards their initiatives. Overall, the River North Residents Association is performing well in governance and financial accountability, but enhancing their program funding could elevate their impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is River North Residents Association legitimate?
River North Residents Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. River North Residents Association 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rnrachicago.org
What is the mission statement of River North Residents Association?
The River North Residents Association serves to improve the quality of life in its community by engaging constructively with residents, city officials, local businesses, and other stakeholders. The organization's mission is centered around six key areas: ensuring public safety, promoting responsible development and land use, maintaining a healthy environment and infrastructure, managing hospitality responsibly, organizing community events, and supporting local charitable organizations. The association strives to protect and enhance the neighborhood's quality of life through collaborative efforts in these domains.
Official website here: www.rnrachicago.org
Who is the CEO of River North Residents Association?
Eileen Murray is the President/Tr of River North Residents Association.
Official website here: www.rnrachicago.org
What is the revenue of River North Residents Association?
River North Residents Association's revenue in 2022 was $71,388.
Official website here: www.rnrachicago.org
Who are the executives of River North Residents Association and what are their salaries?
There 75 volunteers at River North Residents Association.
Here are 8 key members and their salaries:
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Official website here: www.rnrachicago.org
Where can I find the form 990 for River North Residents Association?
River North Residents Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rnrachicago.org
Learn more at the official website: www.rnrachicago.org
Mission Statement of River North Residents Association
The River North Residents Association, an organization dedicated to improving the community, aims to enhance the quality of life in its area by engaging constructively with residents, city officials, local businesses, and community organizations. Its mission is to safeguard and elevate the living standards in the River North neighborhood through strategic collaboration with various stakeholders. The association emphasizes six key areas in its mission: public safety, responsible development and land use, environment and infrastructure, well-managed hospitality, community events, and supporting local charitable organizations. By focusing on these sectors, the River North Residents Association strives to foster a harmonious and thriving community for its residents.
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Impact
August, 2024
River North Residents Association enhances the quality of life in the River North neighborhood through constructive engagement with residents, city officials, local businesses, and community organizations. They focus on key areas such as public safety, responsible development, environment/infrastructure, well-managed hospitality, community events, and supporting local charitable organizations. Through events like the Taste of River North, summertime movies in the park, family-oriented activities, social events, and promotional support to non-profit organizations, they bring the community together and contribute to the overall well-being of the neighborhood.
This information is meant to be a general summary of River North Residents Association. 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: $26
- Program Service Revenue: $49,430
- Gross Receipts: $189,713
Assets and Liabilities:
- Total Assets: $168,626
- Total Liabilities: $0
- Net Assets: $168,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$49,430
Organization Details
Founding Year
1997
Phone
(312) 890-0273Principal Officer
Eileen Murray
Main Address
PO BOX 10924, CHICAGO, IL, 60610
Website
www.rnrachicago.orgNTEE Category
Code: S20 - Community improvement
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