Overview
What is Near North Development Corporation?
Near North Development Corporation is a nonprofit organization situated in Chicago, Illinois, specifically at 1251 N Clybourn Avenue. Their primary mission is to enhance the lives of individuals with low and moderate income by investing in both people and property. This is achieved through the development, maintenance, and improvement of affordable housing in the North Town area. Additionally, the corporation offers related supportive services. One of their initiatives is Upward Bound I and II, a program designed to support high school students from low-income families, families without a college degree, and first-generation military veterans preparing for post-secondary education. The goal of this program is to boost the rate of secondary education completion and post-secondary enrollment and graduation. The organization employs a team of 30 individuals in its mission.
Official website here: www.near-north.org
Is Near North Development Corporation legitimate?
Near North Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Near North Development Corporation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $66,504
Professional Fundraising Fees: $0
Other Salaries and Wages: $368,598
For more financial information, click here
What is the mission statement of Near North Development Corporation?
Near North Development Corporation's mission is centered around investing in people and property. They achieve this by developing, maintaining, and enhancing affordable housing units, catering to individuals with very low and moderate income. In addition to housing, the corporation offers related supportive services in a specific area. One of their initiatives is Upward Bound I and II, which aims to assist high school students from underprivileged backgrounds and military veterans in preparing for college entrance. The program offers resources to help participants excel in their pre-college performance and ultimately succeed in their higher education pursuits. The goal is to boost the number of participants completing secondary education and continuing to post-secondary institutions.
Official website here: www.near-north.org
Who is the CEO of Near North Development Corporation?
Kelvin M Strong is the Executive Director of Near North Development Corporation.
Official website here: www.near-north.org
What is the revenue of Near North Development Corporation?
Near North Development Corporation's revenue in 2022 was $918,712.
Official website here: www.near-north.org
Who are the executives of Near North Development Corporation and what are their salaries?
The average compensation at Near North Development Corporation during 2022 was $14,503. There are 30 employees and 12 volunteers at Near North Development Corporation.
Here are 7 key members and their salaries:
- Kelvin M Strong (Executive Director)
- Makeda London (Chairman) [Trustee/Director]
- Brenda E Morgan (Treasurer) [Trustee/Director]
- Ivy Ellis (Secretary) [Trustee/Director]
- Bernard Mccune (Director)
- Kandyce Mccoy Cunningham (Director)
- Neffer Oduntunde (Director)
Official website here: www.near-north.org
Where can I find the form 990 for Near North Development Corporation?
The Near North Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.near-north.org
Learn more at the official website: www.near-north.org
Mission Statement of Near North Development Corporation
Near North Development Corporation, as a nonprofit organization, is committed to investing in people and property in the realm of affordable housing and community programs. Their mission, in essence, is to enhance the living conditions and prospects of individuals with low and moderate incomes residing in the North Town area. Through their activities, they aim to develop, maintain, and improve mixed-income housing, complementing this with essential supportive services.
By embracing this mission, Near North Development Corporation seeks to make a tangible impact on the lives of those in need. They strive to create a community where individuals can not only reside but also thrive, offering them a sense of security and stability. The organization's work extends beyond physical infrastructure, as they also focus on the provision of supportive services to ensure that the residents are well-equipped to lead fulfilling lives.
In pursuit of their mission, Near North Development Corporation operates a program called Upward Bound I and II. This initiative is geared towards providing fundamental support to participants, aiding them in their preparation for college entrance. The program caters to high school students from low-income families, those whose parents do not hold a bachelor's degree, and low-income, first-generation military veterans preparing for post-secondary education. The ultimate goal of Upward Bound is to boost the rate at which participants complete secondary education and successfully enroll in and graduate from institutions of higher learning. This program is a testament to Near North Development Corporation's commitment to empowering its community, not just through housing, but also through education and personal development.
Impact
This information is meant to be a general summary of Near North Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Near North Development Corporation's impact can be seen through its provision of affordable housing and community programs such as Upward Bound I and II, which aim to support high school students from low-income families and first-generation college students in their pursuit of higher education. The organization's focus on investing in people and property in the North Town area of Chicago has led to the development, maintenance, and improvement of quality mixed-income housing, as well as the provision of supportive services for individuals of very low and moderate income. By increasing access to education and affordable housing, Near North Development Corporation is positively impacting the lives of many in the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Partnership income
Revenue
$125,390
Organization Details
Founding Year
1967
Phone
(312) 337-5666
Principal Officer
Kelvin M Strong
Main Address
1251 N Clybourn Avenue, Chicago, IL, 60610
Website
www.near-north.org
NTEE Category
Code: L20Z - Housing
If you are a representative of Near North Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.