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Midwest Community Real Estate Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363461020 ✦ New lenox, IL ✦ Designated as a 501(c)(3)

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Overview

What is Midwest Community Real Estate Corp?

Midwest Community Real Estate Corp is a nonprofit organization situated in New Lenox, Illinois, with an address at 1900 Silver Cross Blvd. Their primary role involves managing and maintaining office buildings that house physician offices and medical clinics. This service is carried out in support of affiliated charitable organizations, aligning with the organization's overall charitable purpose. Essentially, Midwest Community Real Estate Corp owns, manages, and maintains real estate properties for its affiliate charitable organizations.


Official website here: www.silvercross.org

Is Midwest Community Real Estate Corp legitimate?

Midwest Community Real Estate Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Community Real Estate 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: $0

For more financial information, click here


Official website here: www.silvercross.org

What is the mission statement of Midwest Community Real Estate Corp?

Midwest Community Real Estate Corp's mission revolves around real estate management, specifically for charitable organizations. They own, manage, and maintain properties on behalf of their affiliated charities. The primary focus of their real estate activities is to support the charitable purposes of these organizations. This includes managing office buildings, primarily housing physician offices and medical clinics. Their role is instrumental in ensuring the smooth operation of these facilities, thereby aiding the charitable causes these organizations are committed to.


Official website here: www.silvercross.org

Who is the CEO of Midwest Community Real Estate Corp?

Unavailable


Official website here: www.silvercross.org

What is the revenue of Midwest Community Real Estate Corp?

Midwest Community Real Estate Corp's revenue in 2022 was $1,541,719.


Official website here: www.silvercross.org

Who are the executives of Midwest Community Real Estate Corp and what are their salaries?


Here are 3 key members and their salaries:


Kay Novak (President (Effective 10/1/21))
  • Compensation: $0
  • Related: $322,779
  • Other: $56,375
Ruth Colby (Treasurer)
  • Compensation: $0
  • Related: $1,360,675
  • Other: $59,351
Vincent Pryor (Secretary)
  • Compensation: $0
  • Related: $771,940
  • Other: $219,533


Official website here: www.silvercross.org

Where can I find the form 990 for Midwest Community Real Estate Corp?

Midwest Community Real Estate Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.silvercross.org

Learn more at the official website: www.silvercross.org

Mission Statement of Midwest Community Real Estate Corp

Midwest Community Real Estate Corp, as a real estate management entity, is dedicated to overseeing, maintaining, and managing property for affiliated charitable organizations. This corporation's mission is to provide suitable office buildings, primarily housing physician offices and medical clinics, for these affiliated organizations. By doing so, Midwest Community Real Estate Corp supports the charitable purposes of these organizations, ensuring they have the necessary infrastructure to carry out their noble causes effectively. Their role in real estate management is instrumental in enabling these organizations to focus on their primary missions, ultimately benefiting the communities they serve.

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Impact




October, 2024

Midwest Community Real Estate Corp actively contributes to the improvement of local communities by managing and maintaining essential real estate assets. Primarily, the organization owns and oversees office buildings that house physician offices and medical clinics. This focus supports affiliated charitable organizations, enhancing access to healthcare services in the area.

By ensuring these facilities are well-managed and maintained, Midwest Community Real Estate Corp plays a crucial role in fostering a healthier community. The organization’s efforts enable medical professionals to operate in conducive environments, thereby facilitating better patient care and support for preventive health initiatives. The strategic maintenance of these properties also positively impacts local economies, sustaining jobs and contributing to the overall well-being of New Lenox and its surrounding areas. Through its dedicated real estate management, the organization not only supports healthcare providers but also strengthens community ties and resources essential for public welfare.




This information is meant to be a general summary of Midwest Community Real Estate 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.

Revenue
$1,541,719 (2022)
Expenses
$2,292,250 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$417,120
  • Program Service Revenue: $1,855,584
  • Gross Receipts: $2,405,224

Assets and Liabilities:

  • Total Assets: $34,527,561
  • Total Liabilities: $45,719,292
  • Net Assets: -$11,191,731

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

AFFILIATE RENTAL REVENUE

Revenue

$1,855,584

Organization Details

Founding Year

1985

Main Address

1900 SILVER CROSS BLVD, NEW LENOX, IL, 60451

NTEE Category

Code: S470 - Community improvement

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