Overview
What is North Woodriver Foundation?
North Woodriver Foundation is a nonprofit organization situated in Tinley Park, Illinois, at 8201 W 183RD STREET STE K. Their primary mission is to provide housing opportunities for eligible low-income individuals. Tenants pay a portion of the rent, which is determined based on their ability to pay, in accordance with guidelines set by the U.S. Department of Housing and Urban Development (HUD). The organization's project aims to make housing more accessible to those in need, contributing to a more equitable community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The North Woodriver Foundation has received a 75% rating from Charity Navigator, which translates to a Three-Star evaluation. This rating is based solely on its Accountability & Finance score, reflecting a strong commitment to transparency and good governance practices. The foundation's financial health appears to be robust, with an impressive program expense ratio of 100%, indicating that all funds are directed toward its mission.
Strengths highlighted in the evaluation include the presence of a fully independent board, showcasing effective governance. The board comprises five independent members, and no material diversions of assets have been reported, further enhancing trust in the organization. The foundation also maintains comprehensive policies related to conflict of interest and document retention, which contribute positively to its accountability.
While the organization exhibits strong financial practices and governance, the overall rating suggests that there may be areas for potential improvement. However, the absence of negative findings indicates that the North Woodriver Foundation is generally well-managed within its operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is North Woodriver Foundation legitimate?
North Woodriver Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Woodriver Foundation 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: $305,427
For more financial information, click here
What is the mission statement of North Woodriver Foundation?
The North Woodriver Foundation's mission revolves around providing housing opportunities for eligible low-income individuals. Tenants are expected to contribute a portion of their rent based on their income capability, as per the guidelines set by the HUD. The foundation's primary objective is to ensure affordable housing for those in need, thereby contributing to a more inclusive and equitable living environment. The foundation's activities are geared towards making housing accessible and affordable, thereby improving the living conditions of its tenants.
Who is the CEO of North Woodriver Foundation?
Rev Gerald M Dew is the President of North Woodriver Foundation.
What is the revenue of North Woodriver Foundation?
North Woodriver Foundation's revenue in 2023 was $1,331,001.
Who are the executives of North Woodriver Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for North Woodriver Foundation?
North Woodriver Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of North Woodriver Foundation
North Woodriver Foundation, as a nonprofit organization, is committed to providing housing solutions for eligible low-income individuals. Their mission is to ensure that tenants pay a portion of their rent based on their financial capacity, as determined by HUD guidelines. This approach allows individuals who fall under the low-income bracket to secure a place to call home, providing them with a stable living environment. By doing so, North Woodriver Foundation contributes to the overall well-being and stability of its community members.
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Impact
October, 2024
The North Woodriver Foundation significantly impacts the community by providing essential housing for eligible low-income tenants in Tinley Park, IL. By ensuring that individuals and families can access affordable housing, it alleviates financial burdens and fosters stability. Tenants contribute to their rent based on their financial capabilities, which are assessed according to HUD guidelines. This approach not only supports those in need but also promotes self-sufficiency and enhances the overall quality of life for the members of the community. The foundation's commitment to human services plays a crucial role in addressing housing insecurity and empowering individuals to thrive.
This information is meant to be a general summary of North Woodriver Foundation. 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: $4,345
- Program Service Revenue: $1,326,656
- Gross Receipts: $1,331,001
Assets and Liabilities:
- Total Assets: $2,205,313
- Total Liabilities: $4,492,104
- Net Assets: -$2,286,791
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL INCOME
Revenue
$1,326,656
Organization Details
Founding Year
1992
Phone
(708) 444-4942Principal Officer
Rev Gerald M Dew
Main Address
8201 W 183RD STREET STE K, TINLEY PARK, IL, 60487
NTEE Category
Code: P75Z - Human services
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