Overview
What is Logan Square Elderly Housing Corporation?
Logan Square Elderly Housing Corporation is a nonprofit organization situated in Chicago, Illinois. Their main objective is to offer safe, clean, and hygienic rental housing for the elderly community. The corporation operates an apartment complex specifically designed for the elderly, with co-sponsorship from Hispanic Housing Development Corporation and Casa Central, both recognized as tax-exempt organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 72%, Two-Star out of Four Star rating. The organization has achieved a perfect score of 100% in the Accountability & Finance category, indicating strong governance practices, including a conflict of interest policy, a whistleblower policy, and a documented board meeting minutes process. This suggests a commitment to transparency and ethical management.
However, the organization faces challenges that contributed to its lower overall rating. Notably, the independent board size is limited, with only 2 independent members, which impacts its governance rating. Additionally, the liabilities to assets ratio is significantly high at 259.20%, indicating potential financial risks that could affect the sustainability of operations.
Despite these issues, Logan Square Elderly Housing Corporation maintains a strong program expense ratio of 88.83%, demonstrating a commitment to using the majority of its resources for its programs. This balance between high program spending and governance concerns highlights areas for potential growth and improvement within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Logan Square Elderly Housing Corporation legitimate?
Logan Square Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Logan Square Elderly Housing 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,518
For more financial information, click here
What is the mission statement of Logan Square Elderly Housing Corporation?
The Logan Square Elderly Housing Corporation's mission is centered around providing a secure living environment for the elderly. Their primary objective is to ensure that the elderly have access to clean, decent, and safe rental housing. The corporation operates an apartment complex, but the specific location is not provided in the information. The project is co-sponsored by two tax-exempt organizations, Hispanic Housing Development Corporation and Casa Central. The corporation's mission is focused solely on meeting the housing needs of the elderly population.
Who is the CEO of Logan Square Elderly Housing Corporation?
Hipolito Roldan is the President of Logan Square Elderly Housing Corporation.
What is the revenue of Logan Square Elderly Housing Corporation?
Logan Square Elderly Housing Corporation's revenue in 2022 was $901,071.
Who are the executives of Logan Square Elderly Housing Corporation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $410,579
- Other: $64,610
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $167,672
- Other: $28,243
- Compensation: $0
- Related: $113,510
- Other: $32,312
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $137,494
- Other: $17,702
- Compensation: $0
- Related: $218,356
- Other: $48,291
- Compensation: $0
- Related: $155,042
- Other: $28,810
- Compensation: $0
- Related: $114,379
- Other: $26,659
Where can I find the form 990 for Logan Square Elderly Housing Corporation?
Logan Square Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Logan Square Elderly Housing Corporation
Logan Square Elderly Housing Corporation is a dedicated nonprofit organization with a mission to provide elderly individuals with safe, decent, and sanitary rental housing. By operating an apartment complex, this corporation offers a sanctuary for the elderly, ensuring they have a secure living environment. The co-sponsors of this project include Hispanic Housing Development Corporation and Casa Central, both of which are tax-exempt organizations. The mission of Logan Square Elderly Housing Corporation is centered around the well-being and comfort of its elderly residents, providing them with a secure and clean place to call home.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Logan Square Elderly Housing Corporation significantly contributes to the well-being of the elderly community in Chicago by providing safe, decent, and sanitary rental housing. The apartment complex they operate serves as a vital resource for senior residents, offering a secure living environment that prioritizes their health and comfort. This initiative not only addresses the housing needs of the elderly but also fosters a sense of community among residents.
Through partnerships with organizations like Hispanic Housing Development Corporation and Casa Central, the housing corporation enhances its ability to deliver quality living conditions. These collaborations amplify their impact, ensuring comprehensive support for elderly individuals in the area. By maintaining high standards of housing, Logan Square Elderly Housing Corporation plays a crucial role in improving the quality of life for seniors, promoting both independence and dignity in their living arrangements.
This information is meant to be a general summary of Logan Square Elderly Housing Corporation. 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: $102
- Program Service Revenue: $893,071
- Gross Receipts: $901,071
Assets and Liabilities:
- Total Assets: $1,422,488
- Total Liabilities: $3,687,320
- Net Assets: -$2,264,832
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$892,071
LAUNDRY AND VENDING
Revenue
$1,000
Organization Details
Founding Year
1988
Phone
(312) 602-6500Principal Officer
Hipolito Roldan
Main Address
325 N WELLS 8TH FLOOR, CHICAGO, IL, 60654
NTEE Category
Code: L22 - Housing
If you are a representative of Logan Square Elderly Housing 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.