Overview
What is Northwest Compass Inc?
Northwest Compass Inc, located in Mount Prospect, Illinois, is a nonprofit organization dedicated to addressing youth homelessness in suburban Cook County. Their primary mission is to provide emergency services, education, and empowerment, fostering personal responsibility among vulnerable individuals or those in crisis. This is achieved through their Youth Homelessness Demonstration Program, which offers both transitional housing and rapid rehousing solutions. The organization, with a workforce of 22 employees, is committed to enhancing their community by offering these essential services.
Official website here: www.northwestcompass.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Northwest Compass Inc has received a Four-Star rating from Charity Navigator, signifying a high level of excellence in accountability and finance. The charity's impressive score of 96% reflects its commitment to transparency and responsible financial stewardship, which is essential for instilling donor confidence. This rating is based entirely on the Accountability & Finance beacon, indicating that the organization prioritizes these aspects in its operations.
The organization demonstrates strong governance with a 100% independent board, ensuring that decisions are made in the best interest of the charity and its mission. Key financial metrics, including a program expense ratio of 89.12%, show that a significant portion of its budget is directed towards its programs, thereby maximizing the impact of donor contributions. Additionally, the absence of material diversion of assets further reinforces the trustworthiness of the organization.
While the data highlights Northwest Compass Inc's strengths, such as its robust financial practices and governance policies, there are no noted limitations in the provided information. Overall, the charity stands out as a reliable option for donors looking to support an organization with sound financial practices and a strong commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Compass Inc legitimate?
Northwest Compass Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Compass Inc 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: $138,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $757,653
For more financial information, click here
Official website here: www.northwestcompass.org
What is the mission statement of Northwest Compass Inc?
Northwest Compass Inc's mission is centered around enhancing its community by providing emergency services, education, and empowerment. This organization aims to foster personal responsibility in individuals who are vulnerable or in crisis. Through its initiatives, Northwest Compass Inc strives to make a significant impact, particularly in the area of youth homelessness. The Youth Homelessness Demonstration Program is one of their key initiatives, offering transitional housing and rapid rehousing for youth in suburban Cook County. This program is designed to help these young individuals regain stability and independence.
Official website here: www.northwestcompass.org
Who is the CEO of Northwest Compass Inc?
Sonia Ivanov is the Chair of Northwest Compass Inc.
Official website here: www.northwestcompass.org
What is the revenue of Northwest Compass Inc?
Northwest Compass Inc's revenue in 2022 was $2,992,337.
Official website here: www.northwestcompass.org
Who are the executives of Northwest Compass Inc and what are their salaries?
The average compensation at Northwest Compass Inc during 2022 was $40,712. There are 22 employees and 18 volunteers at Northwest Compass Inc.
Here are 11 key members and their salaries:
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- Compensation: $120,156
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- Other: $17,854
Official website here: www.northwestcompass.org
Where can I find the form 990 for Northwest Compass Inc?
Northwest Compass Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northwestcompass.org
Learn more at the official website: www.northwestcompass.org
Mission Statement of Northwest Compass Inc
Northwest Compass Inc, a nonprofit organization, is committed to enhancing its community by providing emergency services, education, and empowerment. This mission is geared towards individuals who are vulnerable or in crisis, encouraging personal responsibility. Through its activities and purpose, Northwest Compass Inc aims to foster a sense of self-reliance and resilience in those it serves.
One of the ways Northwest Compass Inc achieves this mission is through its Youth Homelessness Demonstration Program. This program offers transitional housing and rapid rehousing for youth in suburban Cook County. By providing these services, Northwest Compass Inc helps young individuals navigate through a challenging period, offering them a safe and supportive environment to rebuild their lives. This program is a testament to the organization's commitment to empowering vulnerable individuals, enabling them to take control of their circumstances and build a brighter future.
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Impact
October, 2024
Northwest Compass Inc significantly impacts the community by addressing the urgent needs of vulnerable populations and promoting personal responsibility among those in crisis. Through its Youth Homelessness Demonstration Program, the organization provides essential transitional housing and rapid rehousing services for youth experiencing homelessness in suburban Cook County. This approach not only offers immediate relief but also equips young individuals with the tools and support necessary to regain stability and independence.
By focusing on education and empowerment, Northwest Compass Inc fosters an environment where individuals are encouraged to take charge of their lives, contributing to their long-term well-being. The organization plays a crucial role in enhancing the community by responding to emergencies and advocating for a more resilient population, ultimately creating a supportive network that uplifts those in need.
This information is meant to be a general summary of Northwest Compass Inc. 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: $5,439
- Program Service Revenue: $46,599
- Gross Receipts: $2,992,337
Assets and Liabilities:
- Total Assets: $2,227,905
- Total Liabilities: $633,306
- Net Assets: $1,594,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENT
Revenue
$46,599
Organization Details
Founding Year
1985
Phone
(847) 392-2344Principal Officer
Sonia Ivanov
Main Address
1300 WEST NORTHWEST HIGHWAY, MOUNT PROSPECT, IL, 60056
Website
www.northwestcompass.orgNTEE Category
Code: P99 - Human services
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