Overview
What is Jane Addams Development Corporation?
Jane Addams Development Corporation is a nonprofit organization situated in Chicago, Illinois, specifically at 4432 North Ravenswood Avenue. The primary objective of this organization is to support local manufacturing jobs by managing and leasing an industrial building. To further contribute to the community, they provide financial and pro bono assistance to Jane Addams Resource Corporation, another organization based in Chicago, Illinois. The corporation's activities are centered around fostering economic growth and job retention within the Ravenswood neighborhood of Chicago.
Official website here: www.jane-addams.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Jane Addams Development Corporation has received a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scores high across multiple categories, including a robust program expense ratio of 87.30%, indicating that a significant portion of its funds is directed towards its mission-related programs. Additionally, it has a solid track record with no material diversion of assets and maintains a majority independent board.
While the organization demonstrates strengths in its governance practices, such as having an audit and oversight committee, there is a notable limitation regarding its whistleblower policy, which is currently missing. This could suggest areas for improvement in organizational transparency and employee protection. Overall, Jane Addams Development Corporation shows a commitment to responsible financial management and effective program delivery, though addressing the lack of a whistleblower policy would enhance its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Jane Addams Development Corporation legitimate?
Jane Addams Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jane Addams 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: $49,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.jane-addams.org
What is the mission statement of Jane Addams Development Corporation?
The Jane Addams Development Corporation's mission is centered around developing, managing, and leasing an industrial building with the primary objective of retaining manufacturing jobs within the community. This mission is aimed at fostering local employment opportunities and contributing to the community's economic growth. The organization supports the Jane Adams Resource Corporation, located in an unspecified location, through financial and pro bono assistance.
Official website here: www.jane-addams.org
What is the revenue of Jane Addams Development Corporation?
Jane Addams Development Corporation's revenue in 2024 was $847,107.
Official website here: www.jane-addams.org
Who are the executives of Jane Addams Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $17,018
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.jane-addams.org
Where can I find the form 990 for Jane Addams Development Corporation?
Jane Addams Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.jane-addams.org
Learn more at the official website: www.jane-addams.org
Mission Statement of Jane Addams Development Corporation
Jane Addams Development Corporation is an organization with a mission to develop, manage, and lease an industrial building. This mission is geared towards retaining manufacturing jobs within the community. By taking on this role, the corporation aims to contribute positively to the local economy and provide employment opportunities for its residents. In addition to this primary mission, the organization also offers financial and pro bono support to Jane Addams Resource Corporation, based in Chicago, Illinois. This further underscores their commitment to community development and job retention.
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Impact
October, 2024
Jane Addams Development Corporation plays a crucial role in strengthening the local economy by developing, managing, and leasing industrial properties aimed at retaining manufacturing jobs in the community. Operating two key properties in the Ravenswood neighborhood of Chicago, the organization creates a stable environment for local manufacturers, thus safeguarding employment opportunities.
By facilitating the maintenance of these industrial spaces, Jane Addams Development Corporation not only contributes to the economic vitality of the area but also fosters community improvement. Additionally, through its financial and pro bono support of the Jane Addams Resource Corporation, it helps enhance workforce development and skills training, which further empowers residents and promotes economic sustainability. Overall, the impact of Jane Addams Development Corporation is reflected in its commitment to preserving jobs, supporting local businesses, and enhancing the overall quality of life in the community.
This information is meant to be a general summary of Jane Addams 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 2024.
- Investment Income: $1,293,324
- Program Service Revenue: $847,107
- Gross Receipts: $847,107
Assets and Liabilities:
- Total Assets: $2,657,310
- Total Liabilities: $1,338,935
- Net Assets: $1,318,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$760,557
OTHER PROGRAM
Revenue
$86,550
Organization Details
Founding Year
1990
Principal Officer
Tammy Phillips
Website
www.jane-addams.orgNTEE Category
Code: S47Z - Community improvement
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