Overview
What is Old Town Triangle Association?
The Old Town Triangle Association is a nonprofit organization situated in Chicago, Illinois, specifically at 1763 N North Park Avenue, 60614. Their primary mission is to oversee and enhance the overall well-being of the Old Town Triangle community, both socially and physically. The association takes necessary actions to further advance the welfare of its members, who reside in the area bounded by North Avenue, Clark Street, and the ghost of Ogden Avenue, colloquially known as "The Triangle." To achieve this, they have a small team of two dedicated individuals. The Old Town Triangle Association works towards improving the quality of life for its residents, aiming to create a thriving and harmonious community.
Official website here: www.oldtowntriangle.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
The Old Town Triangle Association has achieved a commendable 90% rating, indicating a strong commitment to accountability and financial health. This rating is derived entirely from its performance in the Accountability & Finance beacon, showcasing the organization's dedication to transparent operations, as evidenced by its independent board structure and comprehensive financial practices.
Strengths of the organization include an entirely independent board of directors, which enhances governance and accountability. The organization has a strong record of managing its assets effectively, with a low liabilities to assets ratio of 0.60%. Additionally, the high program expense ratio of 79.89% indicates that a significant portion of its expenditures directly supports its charitable programs, reflecting efficient resource allocation.
While the data highlights the organization's strengths, it is important to note that the rating is based solely on financial metrics. Therefore, potential donors should consider the impact of the organization's programs and services, as well as user feedback, to gain a complete picture of its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Old Town Triangle Association legitimate?
Old Town Triangle Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Town Triangle 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,822
For more financial information, click here
Official website here: www.oldtowntriangle.com
What is the mission statement of Old Town Triangle Association?
The Old Town Triangle Association's mission is centered around enhancing the quality of life for its residents. This area is bound by North Avenue, Clark Street, and the ghost of Ogden Avenue, often referred to as "The Triangle." The association actively monitors the social and physical condition of this area and takes appropriate actions to promote the general welfare of the community. Their primary goal is to improve life in this specific neighborhood, aiming to create a better living environment for its residents.
Official website here: www.oldtowntriangle.com
Who is the CEO of Old Town Triangle Association?
Dorothy Decarlo is the President of Old Town Triangle Association.
Official website here: www.oldtowntriangle.com
What is the revenue of Old Town Triangle Association?
Old Town Triangle Association's revenue in 2022 was $476,793.
Official website here: www.oldtowntriangle.com
Who are the executives of Old Town Triangle Association and what are their salaries?
The average compensation at Old Town Triangle Association during 2022 was $41,911. There are 2 employees and 15 volunteers at Old Town Triangle Association.
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Official website here: www.oldtowntriangle.com
Where can I find the form 990 for Old Town Triangle Association?
Old Town Triangle Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oldtowntriangle.com
Learn more at the official website: www.oldtowntriangle.com
Mission Statement of Old Town Triangle Association
The Old Town Triangle Association, a nonprofit organization, is committed to enhancing the quality of life for residents living within the boundaries of North Avenue, Clark Street, and the ghost of Ogden Avenue, commonly known as "The Triangle" in the city of Chicago. Their mission is to actively monitor the social and physical conditions of this area and take appropriate actions to advance the well-being of the Old Town Triangle Association and its residents. This involves initiating various initiatives that contribute to the overall welfare of the community, ensuring a high standard of living for its residents.
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Impact
July, 2024
The Old Town Triangle Association enhances the quality of life for residents living in the area bounded by North Avenue, Clark Street, and the ghost of Ogden Avenue in Chicago. They monitor the overall condition of the Old Town Triangle, both socially and physically, and take appropriate actions to further the general welfare of the community. Their efforts focus on community improvement and ensuring a high quality of life for residents in the area.
This information is meant to be a general summary of Old Town Triangle 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: $2,494
- Program Service Revenue: $7,266
- Gross Receipts: $648,899
Assets and Liabilities:
- Total Assets: $768,796
- Total Liabilities: $4,670
- Net Assets: $764,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$7,266
Organization Details
Founding Year
1952
Phone
(312) 337-1938Principal Officer
Dorothy Decarlo
Main Address
1763 N NORTH PARK AVENUE, CHICAGO, IL, 60614
Website
www.oldtowntriangle.comNTEE Category
Code: S20 - Community improvement
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