Overview
What is Home Of Life Community Development Corporation?
Home of Life Community Development Corporation, located in Chicago, Illinois, is a nonprofit organization with a focus on providing comprehensive day care and nutritional programs for children. Their mission extends beyond childcare, aiming to also prepare children for higher education. With a team of 20 dedicated employees, they strive to offer not only day care and after-school care but also educational services to help children excel in their academic pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Home Of Life Community Development Corporation has earned a solid Three-Star rating from Charity Navigator, primarily reflecting its strong performance in accountability and finance. The organization has a high score of 82%, indicating effective management of resources. The majority of the board members are independent, which enhances oversight and governance, contributing positively to their accountability score.
The charity exhibits excellent practices, including the presence of a conflict of interest policy, a whistleblower policy, and thorough documentation of board meeting minutes. These aspects suggest a commitment to transparency and ethical management. Additionally, the organization has no reported material diversion of assets, which is a positive indicator of financial integrity.
One area where the organization may need improvement is its liabilities to assets ratio, which stands at 65.72%, a lower score in comparison to other evaluated attributes. While their program expense ratio is commendable at 85.86%, reflecting a significant portion of funds directed towards programming, addressing the liabilities may enhance overall financial health in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Home Of Life Community Development Corporation legitimate?
Home Of Life Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Of Life Community Development 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: $104,947
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,282
For more financial information, click here
What is the mission statement of Home Of Life Community Development Corporation?
The Home of Life Community Development Corporation's mission is centered around providing day care and after-school care for children, aiming to prepare them for their future in college. The organization's activities encompass offering comprehensive day care programs and nutritional services to support the children's overall development. In essence, the corporation seeks to equip young minds with the necessary educational tools for higher education, ensuring they have a strong foundation for their future.
What is the revenue of Home Of Life Community Development Corporation?
Home Of Life Community Development Corporation's revenue in 2021 was $673,370.
Who are the executives of Home Of Life Community Development Corporation and what are their salaries?
The average compensation at Home Of Life Community Development Corporation during 2021 was $20,082. There are 15 employees and 25 volunteers at Home Of Life Community Development Corporation.
Here are 5 key members and their salaries:
- Compensation: $11,027
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $93,920
- Related: $0
- Other: $0
Where can I find the form 990 for Home Of Life Community Development Corporation?
Home Of Life Community Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Home Of Life Community Development Corporation
Home of Life Community Development Corporation is committed to providing day care and after-school care for children, as well as offering educational services to aid in their preparation for college. The organization's mission is multifaceted, encompassing comprehensive day care programs and nutritional support. By offering these services, Home of Life Community Development Corporation aims to contribute to the overall development and future academic success of the children it serves.
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Impact
October, 2024
Home Of Life Community Development Corporation significantly impacts the Chicago community by offering essential day care and after-school programs for children. These programs not only provide safe and engaging environments for youth but also include comprehensive nutritional support, ensuring that children receive proper meals during their formative years.
Furthermore, the organization focuses on educational services aimed at preparing children for college, equipping them with the knowledge and skills needed for future academic success. By prioritizing both care and education, Home Of Life fosters community improvement, supports families, and contributes to the overall development of children, laying a strong foundation for their future.
This information is meant to be a general summary of Home Of Life Community Development 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 2021.
- Program Service Revenue: $191
- Gross Receipts: $673,370
Assets and Liabilities:
- Total Assets: $1,161,934
- Total Liabilities: $763,708
- Net Assets: $398,226
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$191
Organization Details
Founding Year
1993
Principal Officer
Reverend Johnny Henderson
NTEE Category
Code: S201 - Community improvement
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