Overview
What is Assisi Homes Of Gurnee Inc?
Assisi Homes of Gurnee Inc. is a nonprofit corporation established in Illinois on February 1, 1994, adhering to the state's not-for-profit statutes. The organization's primary goal is to manage a 60-unit community situated in Gurnee, Illinois, which caters to the housing and related needs of low-income elderly or disabled individuals. The U.S. Department of Housing and Urban Development provides financial assistance and a capital advance to the organization through Section 202 of the National Housing Act, aiding in its mission. Assisi Homes of Gurnee Inc. aims to promote a secure living environment and necessary services for its residents, contributing positively to their well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Assisi Homes of Gurnee Inc received an overall score of 81%, which translates to a Three-Star rating. This score is solely derived from its performance in the Accountability & Finance beacon, indicating a strong focus on financial management and transparency. The organization has demonstrated solid practices in areas such as audit oversight, conflict of interest policies, and document retention.
The nonprofit scored exceptionally well in critical metrics, achieving full points in key areas like financial statements and the absence of material asset diversion. Additionally, the program expense ratio is impressive at 97.18%, suggesting that a significant portion of funds is directed toward its mission-related activities rather than administrative costs.
While the ratings reflect a high level of accountability and strong financial practices, the lack of additional beacons in the evaluation means potential areas for growth in other categories, such as leadership or community impact, are not assessed. Overall, Assisi Homes of Gurnee Inc appears to be a financially sound organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Assisi Homes Of Gurnee Inc legitimate?
Assisi Homes Of Gurnee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assisi Homes Of Gurnee 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: $168,880
For more financial information, click here
What is the mission statement of Assisi Homes Of Gurnee Inc?
Assisi Homes of Gurnee Inc. is a non-profit organization established in accordance with Illinois' not-for-profit statutes in 1994. Its primary purpose is to operate a 60-unit community, providing housing and related services for elderly or disabled individuals with very low income. The organization receives financial support in the form of housing assistance and a capital advance from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act. In essence, Assisi Homes of Gurnee Inc. is dedicated to enhancing the living conditions of economically disadvantaged elderly or disabled individuals by offering them a supportive housing community.
Who is the CEO of Assisi Homes Of Gurnee Inc?
Melissa Clayton is the President/Director of Assisi Homes Of Gurnee Inc.
What is the revenue of Assisi Homes Of Gurnee Inc?
Assisi Homes Of Gurnee Inc's revenue in 2022 was $523,831.
Who are the executives of Assisi Homes Of Gurnee 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 Gurnee Inc?
Assisi Homes Of Gurnee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assisi Homes Of Gurnee Inc
Assisi Homes of Gurnee Inc, established in 1994, is a not-for-profit corporation dedicated to providing housing and related services for elderly or disabled individuals with very low incomes. This organization's mission is carried out through the operation of a 60-unit community situated in Gurnee, Illinois. The corporation's efforts are backed by housing assistance and a capital advance from the U.S. Department of Housing and Urban Development, granted under Section 202 of the National Housing Act, which has been amended.
Assisi Homes of Gurnee Inc is committed to supporting the housing needs of a specific group of individuals who may face challenges in securing adequate housing due to their age or disability. By providing a safe and supportive living environment, the organization aims to enhance the quality of life for these individuals, ensuring they can live with dignity and independence. The corporation's mission is a testament to its dedication to addressing the unique housing needs of this vulnerable population, providing them with the resources and support they require to thrive.
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Impact
July, 2024
Assisi Homes Of Gurnee Inc's impact is significant as it provides housing and related services for very low-income elderly or disabled persons in Gurnee, Illinois. By operating a 60 unit community and receiving housing assistance and capital advance from the U.S. Department of Housing and Urban Development, this organization plays a crucial role in ensuring that vulnerable individuals have access to safe and affordable housing. Their mission of supporting the elderly and disabled population through housing initiatives directly improves the quality of life for those in need within the community.
This information is meant to be a general summary of Assisi Homes Of Gurnee 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: $98
- Program Service Revenue: $243,748
- Gross Receipts: $523,831
Assets and Liabilities:
- Total Assets: $2,752,156
- Total Liabilities: $79,989
- Net Assets: $2,672,167
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$237,222
ANCILLARY SERVICES
Revenue
$4,230
OTHER REVENUE
Revenue
$2,296
Organization Details
Founding Year
1994
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L21 - Housing
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