Overview
What is Norwood Park Chamber Of Commerce Tr?
Norwood Park Chamber of Commerce Tr is a nonprofit organization situated in Chicago, Illinois, specifically at 6088 N Northwest Hwy, 60631. Their primary focus is on restoring and maintaining the historic Norwood Park Train Station, transforming it into a functional asset for the community. Beyond this, they rent out the station premises for various events and gatherings, contributing to the local community's social life. The organization's activities aim to preserve the historical value and utility of the train station, benefiting the community at large.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Norwood Park Chamber of Commerce Tr has received a three-star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scores particularly well in areas such as having a fully independent board and no material diversion of assets. With a program expense ratio of 95.54%, it demonstrates a strong commitment to allocating funds toward its mission.
However, the organization does have notable weaknesses, particularly in governance policies. It lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which were all scored as zero points. These gaps could raise concerns about the overall governance practices of the nonprofit.
While the strong financial metrics reflect effective management and a commitment to programmatic spending, the absence of certain policy frameworks suggests room for improvement in governance and transparency. Overall, while the Norwood Park Chamber of Commerce Tr shows promise, addressing these limitations could enhance its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Norwood Park Chamber Of Commerce Tr legitimate?
Norwood Park Chamber Of Commerce Tr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norwood Park Chamber Of Commerce Tr 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
What is the mission statement of Norwood Park Chamber Of Commerce Tr?
The Norwood Park Chamber of Commerce Tr's mission is centered around the restoration and maintenance of a historic train station, with the aim of transforming it into a functional asset. They accomplish this by overseeing the operation of the train station, enabling the community to rent its premises for various events and gatherings. This organization's primary objective is to preserve and utilize this historical landmark, thereby contributing to the community's cultural and social fabric.
Who is the CEO of Norwood Park Chamber Of Commerce Tr?
Bea Mcdonough is the Secretary of Norwood Park Chamber Of Commerce Tr.
What is the revenue of Norwood Park Chamber Of Commerce Tr?
Norwood Park Chamber Of Commerce Tr's revenue in 2022 was $2,694.
Who are the executives of Norwood Park Chamber Of Commerce Tr and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Norwood Park Chamber Of Commerce Tr?
Norwood Park Chamber Of Commerce Tr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Norwood Park Chamber Of Commerce Tr
The Norwood Park Chamber of Commerce Tr is dedicated to restoring and maintaining the historic Norwood Park Train Station, transforming it into a functional asset. This nonprofit organization's mission is to serve as a steward of the train station, ensuring its preservation and continued use for various community events and gatherings. By renting out the premises, the Norwood Park Chamber of Commerce Tr actively contributes to the local community, providing a versatile space for various activities.
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Impact
August, 2024
The Norwood Park Chamber of Commerce TR's impact is centered around restoring and maintaining the historic Norwood Park Train Station as a functional asset. They operate the station and rent out the premises to the community for various events and gatherings. Their mission is to preserve this historic site and make it a valuable resource for the local community. Through their activities, they contribute to the cultural and artistic enrichment of the area, making it a hub for community engagement and creativity.
This information is meant to be a general summary of Norwood Park Chamber Of Commerce Tr. 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: $23
- Gross Receipts: $20,140
Assets and Liabilities:
- Total Assets: $673,332
- Total Liabilities: $0
- Net Assets: $673,332
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Organization Details
Founding Year
2015
Principal Officer
Bea Mcdonough
Main Address
6088 N NORTHWEST HWY, CHICAGO, IL, 60631
NTEE Category
Code: A80 - Arts
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