Overview
What is Jane Addams Delta Development Corporation?
Jane Addams Delta Development Corporation is a nonprofit organization situated in Chicago, Illinois, specifically at 4410 N. Ravenswood Avenue. The primary focus of this organization is to develop, manage, and lease an industrial building in a local Chicago neighborhood. The aim is to preserve and promote the growth of manufacturing jobs within the community. Additionally, Jane Addams Delta Development Corporation extends financial and pro bono support to Jane Addams Resource Corporation, another nonprofit based in Chicago, Illinois. The corporation's mission is to contribute positively to the community's industrial sector and support the retention and development of manufacturing jobs.
Official website here: www.jane-addams.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, Overall Score: 66%)
Jane Addams Delta Development Corporation has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement within the organization. The overall score of 66% reflects a mixed performance, particularly in accountability and finance. While the majority of board members are independent and adhere to certain governance policies, significant gaps exist, such as the absence of a whistleblower policy.
Strengths of the organization include a high program expense ratio of 86.51%, which suggests that a large portion of funds is directed towards programs rather than administrative costs. Additionally, the organization has been noted for its material diversion of assets being non-existent, showing a commitment to proper asset management. Furthermore, the existence of documented board meeting minutes and a conflict of interest policy indicate some level of transparency and governance.
However, limitations highlighted in the rating include the low independent board size, with only two independent members, which may hinder effective oversight. The liabilities to assets ratio stands at 68.95%, pointing to potential financial risks. Overall, while Jane Addams Delta Development Corporation demonstrates some positive aspects in its operations, addressing the identified shortcomings could enhance its effectiveness and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Jane Addams Delta Development Corporation legitimate?
Jane Addams Delta Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jane Addams Delta 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: $0
For more financial information, click here
Official website here: www.jane-addams.org
What is the mission statement of Jane Addams Delta Development Corporation?
The Jane Addams Delta Development Corporation's mission is centered around developing, managing, and leasing an industrial building in a Chicago neighborhood. The primary objective is to retain and foster the growth of manufacturing jobs. This organization operates with the goal of contributing to the local economy and promoting employment opportunities in the manufacturing sector. In addition, the corporation provides financial and pro bono support to the Jane Addams Resource Corporation, located in Chicago.
Official website here: www.jane-addams.org
Who is the CEO of Jane Addams Delta Development Corporation?
Carol Conklin is the Principal Officer of Jane Addams Delta Development Corporation.
Official website here: www.jane-addams.org
What is the revenue of Jane Addams Delta Development Corporation?
Jane Addams Delta Development Corporation's revenue in 2022 was $517,696.
Official website here: www.jane-addams.org
Who are the executives of Jane Addams Delta Development Corporation and what are their salaries?
There 3 volunteers at Jane Addams Delta Development Corporation.
Here are 3 key members and their salaries:
- Compensation: $6,250
- Related: $11,667
- 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 Delta Development Corporation?
Jane Addams Delta Development Corporation's most recent form 990 was submitted in 2022 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 Delta Development Corporation
Jane Addams Delta Development Corporation, a nonprofit organization, is dedicated to a mission that aims to develop, manage, and lease an industrial building in a Chicago neighborhood. The primary objective of this mission is to retain and foster the development of manufacturing jobs. By taking on this role, the corporation contributes to the local economy and employment sector, providing opportunities for individuals in the manufacturing industry. In addition to its primary mission, Jane Addams Delta Development Corporation offers financial and pro bono support to Jane Addams Resource Corporation, another organization based in Chicago. This support further strengthens the organization's commitment to contributing positively to the local community.
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Impact
July, 2024
Jane Addams Delta Development Corporation's impact can be seen in its efforts to develop, manage, and lease an industrial building in a Chicago neighborhood to retain and foster the development of manufacturing jobs. By operating a rental property at 4410 N. Ravenswood in Chicago, Illinois, the organization is contributing to the economic growth of the community. Additionally, through providing financial and pro bono support to the Jane Addams Resource Corporation, also located in Chicago, Illinois, the organization is furthering its mission of promoting job development and industrial growth in the city. This work helps to support education and economic stability within the community.
This information is meant to be a general summary of Jane Addams Delta 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.
- Program Service Revenue: $517,696
- Gross Receipts: $517,696
Assets and Liabilities:
- Total Assets: $1,259,512
- Total Liabilities: $877,808
- Net Assets: $381,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$411,047
CAM & REAL ESTATE TAXE
Revenue
$106,649
Organization Details
Founding Year
1993
Phone
(773) 880-8460Principal Officer
Carol Conklin
Main Address
4432 N RAVENSWOOD AVENUE, CHICAGO, IL, 60640
Website
www.jane-addams.orgNTEE Category
Code: B99Z - Education
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