Overview
What is Grundy Development Corporation Co Grundy County Housing Authority?
Grundy Development Corporation Co Grundy County Housing Authority is a nonprofit organization situated in Morris, Illinois. Their primary mission is to foster the growth, establishment, or expansion of industries, with a significant focus on affordable housing for low-income individuals residing in Grundy County. The organization raises capital through various means, including donations, bond issues, and securing loans and grants from federal, state, county, and local municipalities. Their primary objective is to cater to the housing needs of people with limited financial resources in Grundy County, Illinois.
Is Grundy Development Corporation Co Grundy County Housing Authority legitimate?
Grundy Development Corporation Co Grundy County Housing Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grundy Development Corporation Co Grundy County Housing Authority 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: $338,532
For more financial information, click here
What is the mission statement of Grundy Development Corporation Co Grundy County Housing Authority?
The Grundy Development Corporation Co, acting as the Grundy County Housing Authority, is dedicated to promoting the development, establishment, or expansion of industries primarily focused on low-income housing. This initiative aims to cater to the needs of individuals with limited income residing in Grundy County, Illinois. The organization achieves this goal by raising capital through various means, such as gifts, issuing bonds, and applying for loans and grants from federal, state, county, and local municipalities.
What is the revenue of Grundy Development Corporation Co Grundy County Housing Authority?
Grundy Development Corporation Co Grundy County Housing Authority's revenue in 2024 was $1,192,866.
Who are the executives of Grundy Development Corporation Co Grundy County Housing Authority and what are their salaries?
The average compensation at Grundy Development Corporation Co Grundy County Housing Authority during 2024 was $42,316. There are 8 employees at Grundy Development Corporation Co Grundy County Housing Authority.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- 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 Grundy Development Corporation Co Grundy County Housing Authority?
Grundy Development Corporation Co Grundy County Housing Authority's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Grundy Development Corporation Co Grundy County Housing Authority
Grundy Development Corporation Co Grundy County Housing Authority is an organization dedicated to promoting the development, establishment, or expansion of industries primarily focused on low-income housing. Their mission is to cater to the needs of individuals with low income in Grundy County, Illinois. To achieve this, they employ various strategies. They raise capital through various means, such as accepting donations, issuing bonds, and applying for loans and grants from federal, state, county, and local municipalities. By doing so, they aim to expand or establish industries that cater to the housing needs of low-income individuals. This commitment to affordable housing is a significant effort to improve living conditions for a section of the population that may otherwise struggle with housing insecurity.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Grundy Development Corporation Co Grundy County Housing Authority plays a crucial role in addressing the housing needs of low-income individuals and families in Grundy County, Illinois. By focusing on the development, establishment, and expansion of low-income housing, the organization aims to create more accessible living options for those facing economic challenges.
The impact of this initiative is multifaceted. Firstly, it contributes to the overall well-being of the community by providing safe and affordable housing, which is essential for stability and quality of life. Stable housing can lead to improved health outcomes, better educational opportunities, and increased employment prospects for residents.
Additionally, the organization actively seeks funding through various channels, including gifts, bonds, and government grants. This financial mobilization not only supports the construction and maintenance of housing projects but also stimulates local economic growth by creating jobs and enhancing the local construction industry.
In summary, Grundy Development Corporation Co Grundy County Housing Authority significantly impacts Grundy County by addressing housing shortages, fostering economic development, and improving the lives of low-income residents.
This information is meant to be a general summary of Grundy Development Corporation Co Grundy County Housing Authority. 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 2024.
- Investment Income: $1,345
- Program Service Revenue: $1,130,076
- Gross Receipts: $1,194,405
Assets and Liabilities:
- Total Assets: $1,182,781
- Total Liabilities: $736,401
- Net Assets: $446,380
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,130,076
Organization Details
Founding Year
1996
Principal Officer
Shane Gilbertson
NTEE Category
Code: L21Z - Housing
If you are a representative of Grundy Development Corporation Co Grundy County Housing Authority and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.