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Haven Towers Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364282964 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Haven Towers Development Corporation?

Haven Towers Development Corporation is a nonprofit organization that specializes in providing affordable housing for the elderly. Located within their jurisdiction, they operate an apartment complex that adheres to section 202 of the National Housing Act, ensuring low income eligibility. This commitment to affordable living enables elderly individuals to maintain a comfortable residence, contributing positively to their wellbeing.


Is Haven Towers Development Corporation legitimate?

Haven Towers Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haven Towers 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,094

For more financial information, click here


What is the mission statement of Haven Towers Development Corporation?
Who is the CEO of Haven Towers Development Corporation?
What is the revenue of Haven Towers Development Corporation?
Who are the executives of Haven Towers Development Corporation and what are their salaries?
Where can I find the form 990 for Haven Towers Development Corporation?

Mission Statement of Haven Towers Development Corporation

Haven Towers Development Corporation is a dedicated organization that focuses on providing low-income housing for the elderly. In line with its mission, the corporation operates an apartment complex in compliance with Section 202 of the National Housing Act. This act serves as a guiding principle, ensuring that Haven Towers Development Corporation offers housing solutions that cater to individuals who may be financially disadvantaged in their older years. By providing such accommodations, the corporation plays a vital role in supporting the elderly community, enabling them to maintain a dignified living standard despite their limited financial resources.

Impact

This information is meant to be a general summary of Haven Towers Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Haven Towers Development Corporation's impact is significant in providing low-income housing for the elderly in Chicago. Their operation of an apartment complex aligns with the national housing act and helps address the housing needs of seniors with limited financial resources. This organization plays a crucial role in improving the quality of life for elderly individuals by offering affordable and safe housing options.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $9,499
  • Program Service Revenue: $333,040
  • Gross Receipts: $1,137,347

    • Assets and Liabilities:
  • Total Assets: $6,164,542
  • Total Liabilities: $6,676,759
  • Net Assets: -$512,217
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT RENT & CHARGES

    Revenue

    $333,040

    Organization Details

    Founding Year

    2003

    Principal Officer

    Arlisha Kennedy

    Main Address

    566 WEST LAKE STREET, CHICAGO, IL, 60661

    NTEE Category

    Code: L99 - Housing

    If you are a representative of Haven Towers Development Corporation 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.