Overview
What is Jfmc Facilities Corporation?
Jfmc Facilities Corporation is a nonprofit organization based in Chicago, Illinois, specifically at 30 South Wells Street 4049. Their primary role involves owning, operating, and managing facilities and properties for the Jewish Federation of Metropolitan Chicago and its affiliated and beneficiary agencies. These agencies cater to approximately 500,000 Chicago residents of all faiths, offering a range of services such as meals and groceries, utility and rent assistance, prescriptions and medical care, job training and placement, educational facilities for children with disabilities, support services for Holocaust survivors, assisted living, Alzheimer's care, transportation, counseling, and prevention and intervention programs for individuals and families in crisis. By efficiently managing real estate properties and related activities, Jfmc Facilities Corporation aims to reduce operating costs for these organizations, thereby ensuring more resources are allocated to providing essential services to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% - Three-Star out of Four Star rating
Jfmc Facilities Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid Accountability & Finance score of 79%. This rating indicates a reliable level of transparency and efficiency in managing funds, crucial for potential donors assessing the organization’s trustworthiness. The organization has shown a strong commitment to ethical governance, with a majority of independent board members and comprehensive policies in place.
The nonprofit's financial management is commendable, highlighted by a high program expense ratio of 90.41%, ensuring that a significant portion of funds is directed towards its mission-related activities. Additionally, the absence of any material diversion of assets and the presence of structured oversight mechanisms, such as an audit committee, further reinforces its accountability.
However, there is a concern regarding the organization's liabilities to assets ratio, which scored low at 0 out of 15 points. This may indicate financial leverage issues that could affect long-term sustainability. Overall, while Jfmc Facilities Corporation demonstrates robust governance and effective use of resources, addressing its financial liability concerns is essential for enhancing its overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Jfmc Facilities Corporation legitimate?
Jfmc Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jfmc Facilities 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: $355,224
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,936,477
For more financial information, click here
What is the mission statement of Jfmc Facilities Corporation?
JFMC Facilities Corporation's mission is centered around managing real estate properties and related activities for the benefit of various communal agencies, schools, and synagogues linked to the Jewish Federation of Metropolitan Chicago. By leveraging their expertise and achieving economies of scale, FacCorp strives to reduce operating costs for these organizations. In doing so, more resources become available for these agencies to dedicate to their primary mission: providing essential services to over 500,000 Chicagoans in need, regardless of faith. These services include meal and grocery programs, utility and rent assistance, healthcare, job training, care for children with disabilities, support for Holocaust survivors, senior care, crisis intervention, and therapeutic services.
Who is the CEO of Jfmc Facilities Corporation?
Jerry Deangelis is the Asst Secy & Executive Director of Jfmc Facilities Corporation. The CEO's salary of Jfmc Facilities Corporation is $45,012 and their total compensation is $481,769.
What is the revenue of Jfmc Facilities Corporation?
Jfmc Facilities Corporation's revenue in 2022 was $53,899,489.
Who are the executives of Jfmc Facilities Corporation and what are their salaries?
There 28 volunteers at Jfmc Facilities Corporation.
Here are 11 key members and their salaries (Jfmc Facilities Corporation's CEO's salary is $45,012 and their total compensation is $481,769):
- Compensation: $45,012
- Related: $405,102
- Other: $31,655
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $61,141
- Related: $278,534
- Other: $25,117
- Compensation: $194,127
- Related: $0
- Other: $135,484
- Compensation: $36,654
- Related: $256,578
- Other: $36,845
- Compensation: $0
- Related: $222,096
- Other: $57,766
- Compensation: $0
- Related: $140,970
- Other: $12,327
- Compensation: $167,024
- Related: $0
- Other: $29,210
- Compensation: $0
- Related: $508,347
- Other: $16,124
Where can I find the form 990 for Jfmc Facilities Corporation?
Jfmc Facilities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jfmc Facilities Corporation
JFMC Facilities Corporation, with a mission to benefit the Jewish Federation of Metropolitan Chicago and its network of affiliated and beneficiary agencies, works diligently to reduce operating costs for communal organizations in Chicago. By pooling resources and expertise, JFMC Facilities Corporation ensures that vital services reaching 500,000 needy individuals of all faiths receive more funding for direct aid.
The primary role of JFMC Facilities Corporation is to oversee the ownership, operation, and management of facilities and properties for the Jewish Federation of Metropolitan Chicago and its numerous agencies. Through this endeavor, JFMC Facilities Corporation enables these organizations to focus on delivering essential services, which include meal and grocery programs, utility and rent assistance, prescription and medical care, job training and placement, therapeutic schooling for children with disabilities, support services for Holocaust survivors, assisted living, Alzheimer's care, and transportation for seniors, respite services for caregivers, counseling, prevention, and intervention for troubled teens, and a comprehensive continuum of prevention and therapeutic services for individuals and families in crisis.
In summary, JFMC Facilities Corporation plays a crucial role in ensuring the financial sustainability of essential social services in Chicago by managing the real estate and operational needs of the Jewish Federation of Metropolitan Chicago and its various agencies. This mission ultimately ensures that limited resources are allocated towards providing critical aid to 500,000 individuals in need, irrespective of their faith.
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Impact
October, 2024
Jfmc Facilities Corporation significantly impacts the Jewish Federation of Metropolitan Chicago and the broader community by managing 32 real estate properties that serve as essential hubs for various support services. Through its operations, it not only reduces the operating costs for community agencies, schools, and synagogues but also creates a financial framework that allows more resources to be directed towards direct services benefiting those in need.
The corporation plays a vital role in supporting a diverse range of programs that assist approximately 500,000 individuals across Chicago, regardless of their faith. These services include food distribution, utility and rental assistance, and medical care, addressing the immediate needs of vulnerable populations. Additionally, it facilitates job training and therapeutic services, fostering development and stability for individuals facing economic or health challenges.
By providing infrastructure for critical services—such as assistance for Holocaust survivors, support for children with disabilities, and resources for seniors—FacCorp enhances the community's capacity to respond to various social challenges. Its strategic focus on economies of scale amplifies the impact of community agencies, ensuring that they can operate more efficiently and serve their clients more effectively. Overall, Jfmc Facilities Corporation’s operational management and expertise constitute an invaluable resource that enriches the social fabric of Chicago and fortifies the safety net for its residents.
This information is meant to be a general summary of Jfmc Facilities 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: $170,868
- Program Service Revenue: $20,410,742
- Gross Receipts: $55,377,691
Assets and Liabilities:
- Total Assets: $131,136,205
- Total Liabilities: $102,200,020
- Net Assets: $28,936,185
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$15,061,583
Cost Reimbursement
Revenue
$3,303,991
Central Purchasing
Revenue
$1,038,761
Management Fees
Revenue
$1,006,407
Organization Details
Founding Year
1985
Phone
(312) 346-6700Principal Officer
Jerry Deangelis
Main Address
30 South Wells Street 4049, Chicago, IL, 60606
NTEE Category
Code: T020 - Philanthropy
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