Overview
What is Near West Side Community Development Corporation?
The Near West Side Community Development Corporation, established in 1988, is a dedicated nonprofit organization that serves the West Haven community in a mission to uplift low and moderate income residents. Its primary focus lies in promoting economic development through various means, including the provision of safe and affordable housing, housing counseling, job referrals, and training opportunities. The organization also takes an active role in developing and managing properties to address the needs of the community, ensuring its continued growth and prosperity. By providing these services, Near West Side Community Development Corporation aims to positively impact the lives of its residents and contribute to the overall well-being of the community.
Official website here: www.nearwestsidecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Near West Side Community Development Corporation has achieved a remarkable 96% rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. This high score indicates effective management and transparency, important factors for potential donors looking to support a reputable nonprofit.
The organization boasts a fully independent board of directors, which enhances its governance structure, and it has received full marks for its financial statements and oversight practices. With a program expense ratio of nearly 90%, the Near West Side Community Development Corporation effectively directs the majority of its resources towards its mission-driven activities, demonstrating a significant commitment to community development.
While the data does not highlight specific areas needing improvement, the overall ratings suggest that the organization is functioning at a high standard of operational integrity and effectiveness. Potential supporters can feel confident in their contributions, knowing they are supporting a well-managed nonprofit dedicated to community enhancement.
This AI summary has been generated from information found on Charity Navigator.
Is Near West Side Community Development Corporation legitimate?
Near West Side Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Near West Side Community Development 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: $1,013,363
For more financial information, click here
Official website here: www.nearwestsidecdc.org
What is the mission statement of Near West Side Community Development Corporation?
The Near West Side Community Development Corporation's mission is centered around promoting economic development within a community. They achieve this by providing safe and affordable housing, offering housing counseling services, and facilitating employment referrals and training opportunities. Additionally, the organization develops and manages properties to address the needs of the community. Since its establishment in 1988, it has been providing supportive services to low and moderate income residents in an unspecified location.
Official website here: www.nearwestsidecdc.org
Who is the CEO of Near West Side Community Development Corporation?
Earnest Gates is the Executive Di of Near West Side Community Development Corporation.
Official website here: www.nearwestsidecdc.org
What is the revenue of Near West Side Community Development Corporation?
Near West Side Community Development Corporation's revenue in 2022 was $2,656,644.
Official website here: www.nearwestsidecdc.org
Who are the executives of Near West Side Community Development Corporation and what are their salaries?
The average compensation at Near West Side Community Development Corporation during 2022 was $2,660. There are 381 employees at Near West Side Community Development Corporation.
Here are 10 key members and their salaries:
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Official website here: www.nearwestsidecdc.org
Where can I find the form 990 for Near West Side Community Development Corporation?
Near West Side Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nearwestsidecdc.org
Learn more at the official website: www.nearwestsidecdc.org
Mission Statement of Near West Side Community Development Corporation
The Near West Side Community Development Corporation, established in 1988, is dedicated to stimulating economic growth in its community. This is achieved through various means, including the provision of safe and affordable housing, offering housing counseling, and facilitating employment referrals and training opportunities. Moreover, the organization is actively involved in developing and managing properties to cater to the community's needs. In essence, the Near West Side Community Development Corporation seeks to improve the living conditions and economic prospects of low and moderate income residents, thereby contributing to the overall well-being of the community.
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Impact
October, 2024
The Near West Side Community Development Corporation plays a crucial role in enhancing the quality of life for low and moderate-income residents in the West Haven community of Chicago. By focusing on economic development, it facilitates access to safe and affordable housing, ensuring that families have stable living conditions.
Additionally, the organization offers housing counseling, which empowers residents to navigate housing options and make informed decisions. Employment referrals and training opportunities not only help individuals find jobs but also provide them with the necessary skills to secure better employment, ultimately contributing to economic mobility within the community.
Through the development and management of properties, the organization directly addresses the housing needs of the community, creating a more integrated and supportive environment for residents. Its ongoing efforts since 1988 have fostered a stronger, more resilient community by not only enhancing living conditions but also promoting personal and professional growth among its residents.
This information is meant to be a general summary of Near West Side Community Development 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: $70,703
- Program Service Revenue: $179,472
- Gross Receipts: $2,656,644
Assets and Liabilities:
- Total Assets: $5,487,738
- Total Liabilities: $1,082,320
- Net Assets: $4,405,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$109,731
OTHER INCOME
Revenue
$69,741
Organization Details
Founding Year
1988
Phone
(312) 738-2280Principal Officer
Earnest Gates
Main Address
216 S HOYNE ST, CHICAGO, IL, 606123009
Website
www.nearwestsidecdc.orgNTEE Category
Code: S20 - Community improvement
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