Overview
What is Interfaith Housing Development Corporation Of Chicago?
Interfaith Housing Development Corporation of Chicago is a nonprofit organization that is committed to providing housing solutions for the homeless community. Their primary mission revolves around facilitating a suitable living space for individuals who are currently without a permanent home. This nonprofit corporation operates with a clear focus on addressing this pressing social issue and aims to make a significant impact in the local Chicago community.
Official website here: www.ihdc.org
What are the reviews and ratings of this charity?
Charity Navigator has given the Interfaith Housing Development Corporation of Chicago an 88% rating, designating it as a Three-Star out of Four Stars charity. This rating indicates a strong performance in terms of accountability and finance, highlighting the organization’s commitment to responsible management of resources. Despite the positive aspects, the charity has some gaps in policies, specifically regarding the absence of a whistleblower policy and document retention guidelines.
The organization operates with a fully independent board of directors, showcasing a commitment to governance and transparency. Additionally, a high program expense ratio suggests that a significant portion of its funds are directed toward its mission-related programs rather than administrative costs. However, certain compliance-related areas, such as posting tax forms on their website, were not adequately met, which slightly detracts from its overall credibility.
Unfortunately, there were no user reviews from GreatNonprofits available to provide insights from community members. Overall, while Interfaith Housing Development Corporation of Chicago demonstrates strong financial management, the potential for improvement in its governance policies indicates areas that warrant attention for future growth.
This AI summary has been generated from information found on Charity Navigator.
Is Interfaith Housing Development Corporation Of Chicago legitimate?
Interfaith Housing Development Corporation Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Interfaith Housing Development Corporation Of Chicago 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: $239,223
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,816
For more financial information, click here
Official website here: www.ihdc.org
What is the mission statement of Interfaith Housing Development Corporation Of Chicago?
The Interfaith Housing Development Corporation of Chicago's mission is centered around providing housing solutions for the homeless. Their primary objective is to offer a place of residence to individuals who are currently without a home. The corporation strives to make a significant impact in this area, but the specific details of their approach or additional aspects of their mission are not provided in the given information.
Official website here: www.ihdc.org
Who is the CEO of Interfaith Housing Development Corporation Of Chicago?
Perry Vietti is the Director of Interfaith Housing Development Corporation Of Chicago.
Official website here: www.ihdc.org
What is the revenue of Interfaith Housing Development Corporation Of Chicago?
Interfaith Housing Development Corporation Of Chicago's revenue in 2022 was $7,428,837.
Official website here: www.ihdc.org
Who are the executives of Interfaith Housing Development Corporation Of Chicago and what are their salaries?
The average compensation at Interfaith Housing Development Corporation Of Chicago during 2022 was $111,260. There are 4 employees at Interfaith Housing Development Corporation Of Chicago.
Here are 9 key members and their salaries:
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- Compensation: $118,055
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- Compensation: $121,168
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Official website here: www.ihdc.org
Where can I find the form 990 for Interfaith Housing Development Corporation Of Chicago?
Interfaith Housing Development Corporation Of Chicago's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ihdc.org
Learn more at the official website: www.ihdc.org
Mission Statement of Interfaith Housing Development Corporation Of Chicago
Interfaith Housing Development Corporation of Chicago is dedicated to providing housing solutions for the homeless community. Their mission is centered around this objective, aiming to provide a secure living space for individuals who are currently without a home. This mission is a crucial part of their overall activity and purpose, seeking to make a positive impact in the lives of those in need. By focusing on housing placement, the corporation aims to contribute to the well-being and stability of the individuals it serves, ultimately helping them to rebuild their lives.
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Impact
October, 2024
Interfaith Housing Development Corporation of Chicago significantly impacts the local community by providing housing placements for individuals experiencing homelessness. Through its dedicated efforts, the organization addresses the urgent needs for stable and affordable housing in Chicago, playing a crucial role in reducing homelessness and fostering community well-being. By facilitating access to housing, it not only supports those in crisis but also strengthens neighborhoods and promotes social inclusion. The mission focuses on creating lasting solutions for individuals and families, ultimately contributing to a more equitable and supportive urban environment.
This information is meant to be a general summary of Interfaith Housing Development Corporation Of Chicago. 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: $445,885
- Program Service Revenue: $3,093,228
- Gross Receipts: $7,428,837
Assets and Liabilities:
- Total Assets: $10,774,857
- Total Liabilities: $2,775,441
- Net Assets: $7,999,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY REIMBURSEMENT
Revenue
$1,771,968
PROPERTY MANAGEMENT FE
Revenue
$461,637
MISCELLANEOUS INCOME
Revenue
$429,717
DEVELOPMENT FEES
Revenue
$211,373
SALARIES REVENUE
Revenue
$200,085
Organization Details
Founding Year
1992
Phone
(312) 274-8200Principal Officer
Perry Vietti
Main Address
411 S WELLS STREET SUITE 401, CHICAGO, IL, 60607
Website
www.ihdc.orgNTEE Category
Code: L20Z - Housing
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