Overview
What is Impact For Equity?
Impact for Equity is a long-standing nonprofit organization situated in the Chicago metropolitan area, with a strong focus on housing and community development. For over five decades, they have been advocating for the removal of barriers and promoting diverse housing options, particularly for families utilizing subsidized resources or seeking affordable housing. Their mission extends beyond the city, aiming to enhance choice and accessibility in public and affordable housing, as well as fostering neighborhoods with such resources. The organization's legal and policy advocacy work is centered around combating systemic barriers to equity and advocating for racial, economic, and social justice in the Chicago region. Impact for Equity operates as a public interest law and policy center with a dedicated team of 22 individuals.
Official website here: www.impactforequity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating.
Impact For Equity has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The overall score is heavily weighted on its accountability practices, where it scored 95%. This indicates that the nonprofit operates with a high level of transparency and governance, ensuring that funds are managed responsibly.
The organization demonstrates a robust structure with a fully independent board, scoring 10 out of 10 for both the majority of independent board members and board size. Furthermore, it maintains excellent financial health, with no material diversion of assets and a high program expense ratio of nearly 76%, meaning a significant portion of its budget is directed towards its programs.
However, while the financial metrics are commendable, the organization could benefit from expanding its focus beyond just accountability and finance to include programmatic impact metrics in future evaluations. Overall, Impact For Equity stands out as a responsible and well-managed nonprofit, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Impact For Equity legitimate?
Impact For Equity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact For Equity 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: $1,502,146
For more financial information, click here
Official website here: www.impactforequity.org
What is the mission statement of Impact For Equity?
Impact For Equity is an organization that operates as a public interest law and policy center, primarily focusing on combating systematic barriers to equity and advocating for racial, economic, and social justice. The organization's mission is to remove barriers and promote authentic housing choices across various communities, including those utilizing subsidized housing resources or in need of affordable housing. They are expanding access to public and affordable housing, as well as promoting neighborhoods with these resources. Their housing work includes a focus on public housing in Chicago, a county-wide economic mobility program, and efforts to increase affordable housing in the Chicago metropolitan region.
Official website here: www.impactforequity.org
What is the revenue of Impact For Equity?
Impact For Equity's revenue in 2023 was $5,171,436.
Official website here: www.impactforequity.org
Who are the executives of Impact For Equity and what are their salaries?
The average compensation at Impact For Equity during 2023 was $83,453. There are 18 employees at Impact For Equity.
Here are 31 key members and their salaries:
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Official website here: www.impactforequity.org
Where can I find the form 990 for Impact For Equity?
Impact For Equity's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.impactforequity.org
Learn more at the official website: www.impactforequity.org
Mission Statement of Impact For Equity
Impact For Equity, as a public interest law and policy center, is committed to combating systematic barriers to equity and advocating for racial, economic, and social justice. Located in an unspecified region, this organization operates with a mission to dismantle systemic obstacles that hinder equality and promote a fair and just society.
In the realm of housing and community development, Impact For Equity has shown a deep-rooted commitment spanning over five decades. The organization's legal and policy advocacy focuses on removing barriers and fostering authentic housing choices across various communities, including those utilizing subsidized housing resources or needing affordable housing. Impact For Equity is working to expand access and choice to public and affordable housing, as well as promoting neighborhoods that offer these resources.
The organization's housing work encompasses a focus on public housing in the city, a county-wide economic mobility program in Chicago and Cook County, and efforts to increase affordable housing in the Chicago metropolitan region. Impact For Equity's mission is to ensure that everyone has equal access to safe, affordable, and suitable housing, contributing to a more equitable and just society.
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Impact
October, 2024
Impact For Equity significantly influences the Chicago metropolitan region by addressing systemic barriers to equity and advocating for racial, economic, and social justice. With over fifty years of commitment to housing and community development, the organization focuses on removing obstacles and promoting genuine housing choices for all residents.
Through legal and policy advocacy, Impact For Equity aims to expand access to public and affordable housing, working particularly for families utilizing subsidized housing resources. Their initiatives include a concentrated effort on public housing, economic mobility programs throughout Chicago and Cook County, and projects to enhance the availability of affordable housing options.
The organization's work not only fosters community development but also contributes to the empowerment and upliftment of marginalized populations, promoting inclusive neighborhoods that support diverse residents. By actively fighting against inequity, Impact For Equity plays a vital role in shaping a more just and equitable Chicago.
This information is meant to be a general summary of Impact For Equity. 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.
- Investment Income: $260,019
- Gross Receipts: $12,260,591
Assets and Liabilities:
- Total Assets: $11,481,498
- Total Liabilities: $873,935
- Net Assets: $10,607,563
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Organization Details
Founding Year
1969
Principal Officer
Cara Hendrickson
Website
www.impactforequity.orgNTEE Category
Code: I83Z - Crime
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