Overview
What is Foundation For Homan Square F/K/A Homan Arthington Foundation?
The Foundation for Homan Square, formerly known as the Homan Arthington Foundation, is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to enhance the well-being of low-income and underprivileged families and individuals residing in the city. They accomplish this by promoting affordable housing, encouraging home ownership, and facilitating community redevelopment. Furthermore, the foundation engages in various charitable activities to meet the needs of the community. Their work focuses on improving the living conditions and prospects of those in need within Chicago.
Official website here: www.homansquare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Stars
Foundation For Homan Square has received an 84% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is exclusively derived from their financial health and governance practices, reflecting a strong emphasis on responsible management. The organization benefits from a fully independent board, demonstrating commitment to oversight and ethical standards.
The organization scored exceptionally well in several areas, including having a majority of independent board members and a robust audit oversight committee. They have effectively managed their finances, with an impressive program expense ratio of 78.77%, signaling that a significant portion of their funds is directed toward their programs. Additionally, there are no reported issues related to asset diversion, which further underscores their financial integrity.
However, the foundation does have some areas for improvement, as indicated by the absence of certain policies such as conflict of interest and whistleblower policies. Addressing these gaps could enhance their overall governance framework and transparency. Nonetheless, their current performance showcases a commitment to accountability, positioning them as a reliable nonprofit within their operational scope.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Homan Square F/K/A Homan Arthington Foundation legitimate?
Foundation For Homan Square F/K/A Homan Arthington Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Homan Square F/K/A Homan Arthington Foundation 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.homansquare.org
What is the mission statement of Foundation For Homan Square F/K/A Homan Arthington Foundation?
The Foundation For Homan Square, formerly known as Homan Arthington Foundation, is committed to improving the living conditions of low-income and underprivileged individuals residing in urban areas. They achieve this by promoting affordable housing, encouraging homeownership, and supporting community redevelopment projects. Additionally, the foundation engages in various charitable activities aimed at enhancing the welfare of these families and individuals.
Official website here: www.homansquare.org
Who is the CEO of Foundation For Homan Square F/K/A Homan Arthington Foundation?
Suza Leao-Reuter is the Principal Officer of Foundation For Homan Square F/K/A Homan Arthington Foundation.
Official website here: www.homansquare.org
What is the revenue of Foundation For Homan Square F/K/A Homan Arthington Foundation?
Foundation For Homan Square F/K/A Homan Arthington Foundation's revenue in 2022 was $1,200,066.
Official website here: www.homansquare.org
Who are the executives of Foundation For Homan Square F/K/A Homan Arthington Foundation and what are their salaries?
There 7 volunteers at Foundation For Homan Square F/K/A Homan Arthington Foundation.
Here are 7 key members and their salaries:
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Official website here: www.homansquare.org
Where can I find the form 990 for Foundation For Homan Square F/K/A Homan Arthington Foundation?
Foundation For Homan Square F/K/A Homan Arthington Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homansquare.org
Learn more at the official website: www.homansquare.org
Mission Statement of Foundation For Homan Square F/K/A Homan Arthington Foundation
The Foundation for Homan Square, formerly known as the Homan Arthington Foundation, is committed to enhancing the well-being of low-income and underprivileged families and individuals residing in Chicago. The organization undertakes this mission by advocating for affordable housing, encouraging homeownership, and supporting community redevelopment projects. Additionally, the Foundation engages in various charitable activities aimed at uplifting these communities. By promoting these initiatives, the Foundation for Homan Square seeks to foster a sense of welfare and improve the living conditions of those who are less fortunate in the city of Chicago.
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Impact
October, 2024
The Foundation for Homan Square significantly impacts low-income and underprivileged families and individuals in Chicago by fostering a supportive environment aimed at enhancing their quality of life. It focuses on promoting affordable housing, enabling homeownership, and facilitating community redevelopment. These initiatives help to create stable living conditions, allowing residents to build wealth and foster a sense of community.
By encouraging affordable housing options, the foundation aims to reduce the burden of housing costs for those in need, making it easier for families to secure safe and decent living conditions. Homeownership programs further empower individuals, giving them a stake in their community and the opportunity for economic advancement.
The foundation's efforts in community redevelopment play a crucial role in revitalizing neighborhoods, providing essential resources and infrastructure improvements that benefit all residents. Through these charitable activities, the foundation not only addresses immediate needs but also works toward long-term solutions that foster sustainable community development and improve the overall welfare of Chicago's most vulnerable populations.
This information is meant to be a general summary of Foundation For Homan Square F/K/A Homan Arthington Foundation. 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: $26
- Program Service Revenue: $1,327,321
- Gross Receipts: $1,200,066
Assets and Liabilities:
- Total Assets: $53,996,446
- Total Liabilities: $2,602,849
- Net Assets: $51,393,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$716,372
RENTAL INCOME
Revenue
$610,949
Organization Details
Founding Year
2012
Phone
(630) 990-8990Principal Officer
Suza Leao-Reuter
Main Address
906 S HOMAN AVE, CHICAGO, IL, 60624
Website
www.homansquare.orgNTEE Category
Code: S20Z - Community improvement
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