Overview
What is New Directions Housing Corporation?
New Directions Housing Corporation is a nonprofit organization situated in Oak Brook, Illinois. Their primary mission is to offer affordable housing solutions to individuals and families in need, who might otherwise struggle to afford safe and decent housing. This is achieved through asset and property management services, real estate development for low-income projects, and home rehabilitation for resale to low-to-moderate income individuals. The organization also collaborates with other charitable and social service organizations to further support impoverished individuals and families.
Official website here: www.ndhcorp.com
Is New Directions Housing Corporation legitimate?
New Directions Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Directions Housing 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: $150,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,417
For more financial information, click here
Official website here: www.ndhcorp.com
What is the mission statement of New Directions Housing Corporation?
New Directions Housing Corporation is dedicated to providing affordable housing solutions for individuals and families who are financially struggling and would otherwise face difficulty in obtaining safe and decent housing without significant hardship. The organization works in collaboration with other charitable and social service providers to extend its reach and support to a wider population in need. Through asset and property management, real estate development services for low-income projects, and the rehabilitation of homes for resale to low-to-moderate income earners, New Directions Housing Corporation strives to make a positive impact on the lives of those who require affordable housing.
Official website here: www.ndhcorp.com
What is the revenue of New Directions Housing Corporation?
New Directions Housing Corporation's revenue in 2023 was $221,054.
Official website here: www.ndhcorp.com
Who are the executives of New Directions Housing Corporation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.ndhcorp.com
Where can I find the form 990 for New Directions Housing Corporation?
New Directions Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ndhcorp.com
Learn more at the official website: www.ndhcorp.com
Mission Statement of New Directions Housing Corporation
New Directions Housing Corporation is committed to providing affordable housing solutions for poor and distressed individuals who would otherwise struggle to secure safe and decent living spaces without experiencing undue hardship. This mission is carried out through various means, including asset and property management, real estate development services for low-income projects, and the rehabilitation of homes for sale to low-to-moderate income persons. In essence, New Directions Housing Corporation aims to alleviate housing insecurity for those in need by collaborating with other charitable and social service organizations, thereby offering a holistic approach to improving the living conditions of vulnerable individuals and families.
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Impact
October, 2024
New Directions Housing Corporation significantly impacts the community by providing affordable housing solutions to low-income and distressed individuals who would otherwise struggle to secure safe and decent living conditions. Through its asset and property management, real estate development services, and home rehabilitation initiatives, the organization plays a crucial role in transforming properties to meet the needs of low-to-moderate income families.
By focusing on affordable housing, New Directions Housing Corporation not only alleviates the immediate housing challenges faced by vulnerable populations but also fosters long-term stability and well-being. The organization collaborates with other charitable and social service entities to create a holistic support system for those in need, ensuring that individuals and families can thrive in secure environments. The overall impact is a more inclusive and supportive community, promoting the dignity and quality of life for those often overlooked.
This information is meant to be a general summary of New Directions Housing 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 2023.
- Investment Income: $9,989
- Program Service Revenue: $48,777
- Gross Receipts: $221,054
Assets and Liabilities:
- Total Assets: $15,373,543
- Total Liabilities: $740,466
- Net Assets: $14,633,077
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$75,405
DEVELOPER FEE
Revenue
$9,727
LOSS FROM OPERATING PA
Revenue
-$36,355
Organization Details
Founding Year
1994
Principal Officer
Rodger Brown
Website
www.ndhcorp.comNTEE Category
Code: L20Z - Housing
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