Overview
What is Chinatown Parking Corp?
Chinatown Parking Corp is a nonprofit organization situated in Chicago, Illinois, with a specific address at 2169-B South China Place, 60616. Its primary mission is to offer parking facilities within the Chinatown community, thereby encouraging commerce and alleviating traffic congestion for local residents. Operating two parking lots, Chinatown Parking Corp generates revenue through user fees, contributing positively to the community's overall well-being. The organization boasts a modest workforce of eight individuals, committed to enhancing the Chinatown area's accessibility and overall livability.
Is Chinatown Parking Corp legitimate?
Chinatown Parking Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Chinatown Parking Corp 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: $135,022
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What is the mission statement of Chinatown Parking Corp?
Chinatown Parking Corp's mission is centered around providing parking facilities. This is done for the benefit of the local community, particularly the Chinatown area. Their operations encompass the management of two parking lots, for which they charge a fee. The provision of parking in Chinatown contributes to attracting commerce to the area and alleviates traffic congestion for the neighborhood's residents. This activity aligns with the organization's exempt purpose, which ultimately aims to contribute positively to the Chinatown community.
Who is the CEO of Chinatown Parking Corp?
Darryl Tom is the Director of Chinatown Parking Corp.
What is the revenue of Chinatown Parking Corp?
Chinatown Parking Corp's revenue in 2023 was $2,542,658.
Who are the executives of Chinatown Parking Corp and what are their salaries?
The average compensation at Chinatown Parking Corp during 2023 was $16,878. There are 8 employees at Chinatown Parking Corp.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Chinatown Parking Corp?
Chinatown Parking Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Chinatown Parking Corp
Chinatown Parking Corp, as a nonprofit organization, is dedicated to providing parking facilities for the benefit of the Chinatown community. This mission is multifaceted and serves several purposes. By operating two parking lots, Chinatown Parking Corp aims to attract commerce to the area, thereby stimulating economic growth within the community. Furthermore, the provision of parking in Chinatown alleviates traffic congestion and eases the daily commute for local residents. This aligns with the exempt purpose of the organization, demonstrating its commitment to enhancing the quality of life for the Chinatown community. In essence, Chinatown Parking Corp plays a crucial role in the community, promoting commerce, easing transportation, and contributing to a more livable environment for its residents.
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Impact
October, 2024
Chinatown Parking Corp plays a crucial role in enhancing the Chinatown community in Chicago by providing accessible parking solutions. The operation of two parking lots not only eases the pressure of congestion for local residents but also encourages visitors and commuters to engage with the area. By facilitating parking, the Corp helps to stimulate commerce in Chinatown, making it a more attractive destination for shoppers and diners. In this way, Chinatown Parking Corp significantly contributes to the economic vitality and overall quality of life within the neighborhood, supporting both residents and local businesses.
This information is meant to be a general summary of Chinatown Parking Corp. 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: $19,162
- Program Service Revenue: $2,523,496
- Gross Receipts: $2,696,376
Assets and Liabilities:
- Total Assets: $3,413,027
- Total Liabilities: $123,410
- Net Assets: $3,289,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING LOT REVENUE
Revenue
$2,523,496
Organization Details
Founding Year
1984
Phone
(312) 326-5320Principal Officer
Darryl Tom
Main Address
2169-B SOUTH CHINA PLACE, CHICAGO, IL, 60616
NTEE Category
Code: W80 - Public benefit
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