Overview
What is Assisi Homes Of Illinois Inc?
Assisi Homes of Illinois Inc, a subsidiary of Mercy Housing Wheaton NFP, is a nonprofit organization established in 1990 with the objective of providing housing for individuals with low and moderate incomes in the areas of Addison, Wheaton, Villa Park, and Lombard, Illinois. The organization was formed under the not-for-profit statutes of the State of Illinois and operated successfully for decades. However, in 2021, the underlying property was sold, and Assisi Homes is currently in the process of winding down its operations. The organization's primary mission was to offer affordable housing solutions, contributing positively to the local community.
Is Assisi Homes Of Illinois Inc legitimate?
Assisi Homes Of Illinois Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assisi Homes Of Illinois 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Assisi Homes Of Illinois Inc?
Assisi Homes of Illinois Inc, a subsidiary of Mercy Housing Wheaton NFP, was established with a mission to provide housing for individuals with low and moderate income. Established in 1990, the organization served communities in Addison, Wheaton, Villa Park, and Lombard, Illinois. Its primary objective was to offer affordable housing solutions. However, in 2021, the underlying property was sold, and the organization is currently in the process of winding down its operations. Despite the winding down, Assisi Homes of Illinois Inc continued to fulfill its mission by providing housing solutions until the sale of the property.
Who is the CEO of Assisi Homes Of Illinois Inc?
Melissa Clayton is the President/Director of Assisi Homes Of Illinois Inc.
What is the revenue of Assisi Homes Of Illinois Inc?
Assisi Homes Of Illinois Inc's revenue in 2022 was -$761,583.
Who are the executives of Assisi Homes Of Illinois Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $162,243
- Other: $9,934
- Compensation: $0
- Related: $239,519
- Other: $10,391
Where can I find the form 990 for Assisi Homes Of Illinois Inc?
Assisi Homes Of Illinois Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assisi Homes Of Illinois Inc
Assisi Homes of Illinois, Inc., established in 1990, was formed as a nonprofit organization with a mission to provide housing for individuals with low and moderate income. This organization, a subsidiary of Mercy Housing Wheaton, NFP, operated in several Illinois cities, including Addison, Wheaton, Villa Park, and Lombard. Their primary objective was to offer affordable housing solutions, making a significant contribution to the community by providing a much-needed service.
However, in 2021, Assisi Homes of Illinois experienced a significant change. The underlying property was sold, leading to the organization initiating the process of winding down its operations. Despite this transition, the organization's commitment to its original mission remains unwavering, albeit in a different form. The sale of the property may mark the end of its physical presence, but the organization's legacy of providing affordable housing continues to impact the lives of many. The process of winding down operations is a testament to the organization's resilience and dedication to its mission, even in the face of significant changes.
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Impact
October, 2024
Assisi Homes of Illinois Inc has made a significant impact by providing affordable housing for low- and moderate-income individuals and families in suburban communities such as Addison, Wheaton, Villa Park, and Lombard. Since its establishment in 1990, the organization focused on creating safe and stable living environments, which play a crucial role in fostering community well-being and stability.
By addressing the housing needs of economically vulnerable populations, Assisi Homes contributed to reducing housing insecurity, thereby enabling residents to pursue employment opportunities, education, and a better quality of life. Its efforts helped to create a supportive community atmosphere, allowing individuals and families to thrive and achieve their aspirations.
Despite the sale of its underlying property in 2021 and the current process of winding down operations, Assisi Homes of Illinois Inc leaves behind a legacy of promoting affordable housing solutions, which remains essential for many in the region. Its mission and actions over the years have highlighted the importance of access to safe and affordable housing as a fundamental human need.
This information is meant to be a general summary of Assisi Homes Of Illinois 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: -$762,997
- Program Service Revenue: $1,414
- Gross Receipts: $1,414
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANCILLARY SERVICES
Revenue
$1,000
OTHER REVENUE
Revenue
$414
Organization Details
Founding Year
1974
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L22 - Housing
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