Overview
What is Fred Woods Home Inc Co Chgo House & Social Service Agency?
Fred Woods Home Inc Co Chgo House & Social Service Agency is a nonprofit organization situated in Chicago, Illinois. The primary focus of this organization is to provide affordable housing to eligible low-income tenants, with rent payments determined based on their financial capability, as per HUD guidelines. Beyond housing, Fred Woods Home also offers support services to individuals and families affected by HIV/AIDS. This comprehensive approach ensures that those in need not only have a roof over their heads but also receive the necessary care and assistance to improve their lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Fred Woods Home Inc Co Chgo House & Social Service Agency has received a rating of "Needs Improvement" from Charity Navigator, reflecting a score of 73%. The organization excels in accountability and finance, earning a perfect score in key areas such as the independence and size of its board and the absence of material diversion of assets. Moreover, it demonstrates a strong program expense ratio, indicating that all its expenses are devoted to its programs.
However, the organization has significant limitations in transparency and governance practices. It lacks essential policies, including those for conflict of interest and whistleblowing, which raises concerns about its operational integrity. Additionally, the nonprofit has not made its tax forms available on its website, which is a critical transparency measure that can affect donor trust and engagement.
Overall, while Fred Woods Home Inc Co Chgo House & Social Service Agency shows strength in financial accountability, the absence of crucial governance policies and transparency practices highlights areas that require improvement for better organizational health and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Fred Woods Home Inc Co Chgo House & Social Service Agency legitimate?
Fred Woods Home Inc Co Chgo House & Social Service Agency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fred Woods Home Inc Co Chgo House & Social Service Agency 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: $30,684
For more financial information, click here
What is the mission statement of Fred Woods Home Inc Co Chgo House & Social Service Agency?
The Fred Woods Home Inc Co, a social service agency, is dedicated to providing housing and support services to individuals and families affected by HIV/AIDS. They offer affordable housing to eligible low-income tenants, with the rent paid according to their ability to pay, as per HUD guidelines. The primary mission of this organization is to offer a supportive environment and necessary resources to those impacted by HIV/AIDS, aiming to improve their overall well-being and quality of life.
Who is the CEO of Fred Woods Home Inc Co Chgo House & Social Service Agency?
Craig Jensen is the Treasurer of Fred Woods Home Inc Co Chgo House & Social Service Agency.
What is the revenue of Fred Woods Home Inc Co Chgo House & Social Service Agency?
Fred Woods Home Inc Co Chgo House & Social Service Agency's revenue in 2023 was $184,432.
Who are the executives of Fred Woods Home Inc Co Chgo House & Social Service Agency and what are their salaries?
There 80 volunteers at Fred Woods Home Inc Co Chgo House & Social Service Agency.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $175,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fred Woods Home Inc Co Chgo House & Social Service Agency?
Fred Woods Home Inc Co Chgo House & Social Service Agency's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fred Woods Home Inc Co Chgo House & Social Service Agency
Fred Woods Home Inc, a social service agency, is dedicated to providing housing and support services to individuals and families affected by HIV/AIDS. Their mission is deeply rooted in offering a safe and affordable living space for eligible low-income tenants, who pay a portion of their rent based on their income capacity, as per HUD guidelines. This organization's mission is crucial in offering a much-needed refuge for those impacted by HIV/AIDS, providing them with the essential support they require to navigate their daily lives.
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Impact
October, 2024
Fred Woods Home Inc Co Chgo House & Social Service Agency significantly impacts individuals and families impacted by HIV/AIDS by offering crucial housing and support services. In Chicago, its project focuses on providing affordable housing to eligible low-income tenants, ensuring that they have a safe and stable place to live.
Tenants' rent is adjusted based on their financial capabilities, adhering to HUD guidelines, which makes housing accessible for those who may otherwise struggle to find stable accommodations. This supportive environment not only addresses immediate housing needs but also fosters a sense of community and empowerment among residents. By creating a foundation for stability, Fred Woods Home contributes to the overall well-being of those affected by HIV/AIDS, helping them to better manage their health and integrate into society.
This information is meant to be a general summary of Fred Woods Home Inc Co Chgo House & Social Service Agency. 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: $19
- Program Service Revenue: $184,413
- Gross Receipts: $184,432
Assets and Liabilities:
- Total Assets: $2,681,503
- Total Liabilities: $704,188
- Net Assets: $1,977,315
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL INCOME
Revenue
$37,485
TENANT ASSISTANCE PMTS
Revenue
$146,928
Organization Details
Founding Year
1994
Phone
(773) 248-5200Principal Officer
Craig Jensen
Main Address
2229 S MICHIGAN AVE NO 304, Chicago, IL, 60616
NTEE Category
Code: L99Z - Housing
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