Overview
What is Gideon Court Resident Council?
Gideon Court Resident Council is a nonprofit organization based in Chicago, Illinois, specifically at 5618 N Milwaukee Avenue, that manages and operates Gideon Court Apartments, a 150-unit housing development in Dekalb, Illinois. The organization provides affordable housing for low and moderate-income individuals, operating under the guidance of the U.S. Department of Housing and Urban Development (HUD). The council's mission is to ensure the effective and efficient management of the project, with all expenses related to its operation being considered program expenses. The council's primary focus is on the welfare of its residents and the successful operation of Gideon Court Apartments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% - Two-Star out of Four Star Rating
Gideon Court Resident Council currently holds a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strengths in areas such as having a fully independent board and high program expense ratio, which suggests that they allocate their funds primarily towards their charitable activities.
However, the organization faces notable limitations, particularly concerning missing policies and transparency. Key documents related to their operations, such as the conflict of interest policy, whistleblower policy, and tax forms, are not available on their website, which raises concerns about their governance practices. Additionally, their liabilities to assets ratio indicates potential financial risk that may affect their long-term sustainability.
Overall, while Gideon Court Resident Council has established some strong governance features, the absence of crucial policies and financial transparency could hinder their overall effectiveness and trustworthiness in the eyes of potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Gideon Court Resident Council legitimate?
Gideon Court Resident Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gideon Court Resident Council 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: $335,840
For more financial information, click here
What is the mission statement of Gideon Court Resident Council?
The Gideon Court Resident Council's mission is centered around providing affordable housing for individuals with low to moderate income. They achieve this by managing and operating Gideon Court Apartments, a 150-unit housing project, with financial assistance from HUD programs. Their operations are regulated by HUD, ensuring that the complex serves this specific income group effectively. All expenditures made by the council are directly related to the operation of the project, classifying them as program expenses.
Who is the CEO of Gideon Court Resident Council?
Christine Mclaughlin is the President of Gideon Court Resident Council.
What is the revenue of Gideon Court Resident Council?
Gideon Court Resident Council's revenue in 2023 was $2,284,950.
Who are the executives of Gideon Court Resident Council and what are their salaries?
There 15 volunteers at Gideon Court Resident Council.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Gideon Court Resident Council?
Gideon Court Resident Council's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gideon Court Resident Council
Gideon Court Resident Council is committed to providing affordable housing for individuals with low to moderate incomes. They accomplish this mission by operating Gideon Court Apartments, a 150-unit housing project that receives financial assistance under HUD programs. The organization operates and regulates this development with the goal of making housing accessible for those in need, ensuring that all expenditures related to the project are considered program expenses. In essence, Gideon Court Resident Council strives to make a significant impact in the lives of those who require affordable housing, contributing to their well-being and overall quality of life.
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Impact
October, 2024
Gideon Court Resident Council plays a critical role in enhancing the quality of life for low to moderate-income individuals by managing and providing affordable housing through the Gideon Court Apartments in DeKalb, Illinois. With 150 units supported by HUD assistance, this council ensures that residents have access to safe, secure, and affordable living spaces that cater to their economic needs.
By operating within the framework of HUD regulations, the council effectively maintains the apartments, ensuring compliance while also addressing the needs and concerns of the community. This fosters a supportive environment where residents can thrive. Their commitment to addressing the unique challenges faced by low-income individuals not only provides stability in housing but also contributes to the broader community by helping to alleviate housing insecurity and promoting inclusivity.
Through efficient management and community engagement, Gideon Court Resident Council significantly impacts the lives of its residents, creating a foundation for growth, stability, and improved socio-economic outcomes.
This information is meant to be a general summary of Gideon Court Resident Council. 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: $20,522
- Program Service Revenue: $2,264,428
- Gross Receipts: $2,284,950
Assets and Liabilities:
- Total Assets: $10,736,911
- Total Liabilities: $10,280,347
- Net Assets: $456,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENT
Revenue
$1,763,043
TENANT RENTAL INCOME
Revenue
$484,647
VENDING AND RESIDENT FEES
Revenue
$16,738
Organization Details
Founding Year
1994
Phone
(773) 286-5400Principal Officer
Christine Mclaughlin
Main Address
C/O LMCI 5618 N MILWAUKEE AVENUE, CHICAGO, IL, 60646
NTEE Category
Code: L20Z - Housing
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