Overview
What is Greater Auburn-Gresham Development Corporation?
Greater Auburn-Gresham Development Corporation (GAGDC) is a nonprofit organization situated in Chicago, Illinois, specifically at 1159 West 79th Street. Their primary mission is to stimulate and encourage the regeneration of underprivileged communities, with a particular focus on areas such as Auburn-Gresham, Englewood, and Grand Crossing. By employing comprehensive community development strategies, GAGDC engages local residents and other stakeholders in the creation of a Quality of Life Plan. This plan harmoniously integrates existing and future initiatives, attracting enhanced services and opportunities for the community. GAGDC's dedicated workforce of 50 individuals strives to foster and promote the revitalization of these communities, ultimately improving the lives of its residents.
Official website here: www.gagdc.org
What are the reviews and ratings of this charity?
**Greater Auburn-Gresham Development Corporation**
**Charity Navigator Rating: 88% (Three-Star out of Four Star rating)**
The Greater Auburn-Gresham Development Corporation (GAGDC) has earned a commendable score of 88% from Charity Navigator, indicating strong accountability and financial management. The scoring primarily reflects its sound oversight practices, including an independent board and a high percentage of program expenses directed towards its mission, demonstrating a focus on effective use of its resources.
Strengths of the organization include complete independence of its board members and adherence to governance policies related to conflict of interest, whistleblowing, and document retention. The lack of any material asset diversions showcases a commitment to fiscal integrity. However, the organization received deductions for missing its website on the tax form and providing tax documents on its site, indicating areas for improvement in transparency.
While user feedback from GreatNonprofits was not available, the organization has a solid performance rating overall, suggesting a reliable choice for potential donors and community partners interested in supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Auburn-Gresham Development Corporation legitimate?
Greater Auburn-Gresham Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Auburn-Gresham 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: $298,895
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,884,371
For more financial information, click here
Official website here: www.gagdc.org
What is the mission statement of Greater Auburn-Gresham Development Corporation?
The Greater Auburn-Gresham Development Corporation's mission is centered around revitalizing certain community areas, specifically Auburn-Gresham, Englewood, and Grand Crossing. Their primary goal is to foster and promote development in these areas, enhancing their quality of life. They achieve this by employing comprehensive community development strategies, engaging residents and other stakeholders, and collaboratively developing a Quality of Life Plan. This plan integrates existing and planned activities, aiming to attract improved services and opportunities for the community.
Official website here: www.gagdc.org
Who is the CEO of Greater Auburn-Gresham Development Corporation?
Carlos Nelson is the CEO of Greater Auburn-Gresham Development Corporation The CEO's salary of Greater Auburn-Gresham Development Corporation is $124,606 and their total compensation is $137,042.
Official website here: www.gagdc.org
What is the revenue of Greater Auburn-Gresham Development Corporation?
Greater Auburn-Gresham Development Corporation's revenue in 2023 was $9,543,644.
Official website here: www.gagdc.org
Who are the executives of Greater Auburn-Gresham Development Corporation and what are their salaries?
The average compensation at Greater Auburn-Gresham Development Corporation during 2023 was $39,696. There are 55 employees at Greater Auburn-Gresham Development Corporation.
Here are 15 key members and their salaries (Greater Auburn-Gresham Development Corporation's CEO's salary is $124,606 and their total compensation is $137,042):
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- Compensation: $124,606
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- Other: $12,436
- Compensation: $114,950
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- Other: $13,103
Official website here: www.gagdc.org
Where can I find the form 990 for Greater Auburn-Gresham Development Corporation?
Greater Auburn-Gresham Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gagdc.org
Learn more at the official website: www.gagdc.org
Mission Statement of Greater Auburn-Gresham Development Corporation
Greater Auburn-Gresham Development Corporation, or GADC, is committed to fostering and promoting the revitalization of specific community areas, which include Auburn-Gresham, Englewood, and Grand Crossing. Their mission is to integrate existing and planned activities, attract improved services, and provide opportunities for the betterment of low-to-moderate income communities. To achieve this goal, GADC engages residents and other community stakeholders to develop a Quality of Life Plan, working collaboratively to enhance the overall well-being and livability of these neighborhoods.
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Impact
October, 2024
The Greater Auburn-Gresham Development Corporation plays a significant role in the revitalization efforts of Auburn-Gresham, Englewood, and Grand Crossing in Chicago. By employing comprehensive community development strategies, it works to enhance the quality of life for residents in these low-to-moderate income areas.
One of its key contributions is the organization of community stakeholders, including residents, to create a Quality of Life Plan. This plan integrates existing and proposed activities, ensuring that community interests and needs are represented and addressed. Through these collaborative efforts, the corporation seeks to attract improved services and opportunities, effectively fostering economic growth and stability within the communities it serves.
In essence, the impact of the Greater Auburn-Gresham Development Corporation is seen through its commitment to empowering residents, promoting economic development, and improving overall community well-being in the areas of Chicago that it directly influences.
This information is meant to be a general summary of Greater Auburn-Gresham 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 2023.
- Investment Income: $113,242
- Program Service Revenue: $1,132,077
- Gross Receipts: $9,881,420
Assets and Liabilities:
- Total Assets: $37,581,966
- Total Liabilities: $21,726,491
- Net Assets: $15,855,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$659,269
ADMINISTRATIVE FEES
Revenue
$256,190
FEES FOR SERVICES
Revenue
$216,618
Organization Details
Founding Year
2000
Principal Officer
Carlos Nelson
Website
www.gagdc.orgNTEE Category
Code: S41 - Community improvement
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