Overview
What is Full Circle Communities Inc?
Full Circle Communities Inc is a Chicago-based nonprofit organization dedicated to developing and facilitating the development of affordable, safe, good quality, and well-maintained housing. The organization owns and operates numerous apartment communities, including a 34-unit building in Chicago, a 60-unit senior center in Chicago, a 70-unit community in Illinois, a 25-unit community in McHenry, a 117-unit complex in Battle Creek, Michigan, a 40-unit community in Lansing, Illinois, and a 210-unit community in Carol Stream, Illinois. Their mission is to primarily provide housing for low and moderate income individuals and families, elderly individuals and families, and handicapped individuals and families. Additionally, the organization may offer extra services and educational opportunities to the residents of these housing units.
Official website here: www.fccommunities.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Full Circle Communities Inc has achieved a high rating of 96% from Charity Navigator, indicating strong performance in accountability and finance. This rating is based solely on their financial health, showcasing a solid commitment to transparency and responsible management of resources. The organization has a majority of independent board members, ensuring effective governance.
The charity has demonstrated excellent financial practices, with no material diversion of assets reported and a favorable liabilities-to-assets ratio of 48.66%. Furthermore, their program expense ratio of 75.53% highlights a significant portion of their budget is allocated directly to programs, reflecting their mission-driven approach. The existence of clear policies on conflicts of interest, whistleblower protections, and document retention underscores their commitment to ethical standards.
While the data primarily reflects financial accountability, it does not provide insight into the charity's specific programs or their impact, which could be valuable for potential donors. Overall, Full Circle Communities Inc appears to be a well-managed organization with a strong financial foundation and governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Full Circle Communities Inc legitimate?
Full Circle Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Full Circle Communities Inc 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: $4,312,761
For more financial information, click here
Official website here: www.fccommunities.org
What is the mission statement of Full Circle Communities Inc?
Full Circle Communities Inc is dedicated to providing housing for individuals and families with low to moderate income, the elderly, and those with disabilities. Established with a mission to acquire, manage, and maintain housing primarily for these groups, the organization goes beyond just providing shelter. It offers additional services and educational opportunities to residents to enhance their living experiences. The organization's commitment extends to promoting affordable housing options for those in need.
Official website here: www.fccommunities.org
Who is the CEO of Full Circle Communities Inc?
Joshua Wilmoth is the Director of Full Circle Communities Inc. The CEO's salary of Full Circle Communities Inc is $250,504 and their total compensation is $265,578.
Official website here: www.fccommunities.org
What is the revenue of Full Circle Communities Inc?
Full Circle Communities Inc's revenue in 2022 was $14,941,833.
Official website here: www.fccommunities.org
Who are the executives of Full Circle Communities Inc and what are their salaries?
Here are 20 key members and their salaries (Full Circle Communities Inc's CEO's salary is $250,504 and their total compensation is $265,578):
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- Compensation: $250,504
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- Other: $15,074
- Compensation: $109,904
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- Compensation: $144,711
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- Compensation: $149,808
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- Compensation: $139,808
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- Compensation: $112,846
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- Other: $11,190
- Compensation: $100,504
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- Other: $19,712
Official website here: www.fccommunities.org
Where can I find the form 990 for Full Circle Communities Inc?
Full Circle Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fccommunities.org
Learn more at the official website: www.fccommunities.org
Mission Statement of Full Circle Communities Inc
Full Circle Communities Inc is a nonprofit organization dedicated to promoting, acquiring, managing, and maintaining housing primarily for individuals and families with low to moderate income, the elderly, and those with disabilities. By providing housing solutions, the organization aims to contribute to the well-being and stability of its residents.
Beyond housing, Full Circle Communities Inc offers additional services and educational opportunities to the individuals living in the housing they manage. This holistic approach to community development empowers and enhances the lives of those in need, ensuring they have access to resources and support that promote their overall well-being.
The mission of Full Circle Communities Inc reflects a commitment to creating inclusive, supportive environments where people from diverse backgrounds can thrive. By focusing on the needs of low-income, elderly, and disabled individuals, the organization plays a vital role in bridging the gap for underserved populations and providing a safety net for those who might otherwise face housing insecurity. With a vision to make a difference, Full Circle Communities Inc creates lasting, positive change in the lives of the individuals and families it serves.
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Impact
October, 2024
Full Circle Communities Inc. makes a significant impact by promoting, acquiring, and managing affordable housing primarily for low and moderate-income individuals and families, as well as elderly and handicapped individuals. Their efforts focus on providing safe, high-quality, and well-maintained living environments, which are crucial for fostering stable communities.
The organization owns and operates a range of housing facilities, including a 34-unit single-room occupancy apartment building in Chicago, a 60-unit senior center, and various other apartment communities across Illinois and Michigan. This diverse portfolio addresses specific housing needs in the communities they serve, ensuring that vulnerable populations have access to secure and supportive living conditions.
In addition to housing, Full Circle Communities Inc. aims to enhance the well-being of residents by offering additional services and educational opportunities. This comprehensive approach not only provides shelter but also supports personal and professional development, fostering self-sufficiency and improving quality of life for many individuals and families. Overall, their impact is profound, as they contribute to reducing homelessness, supporting the elderly, and facilitating inclusive communities.
This information is meant to be a general summary of Full Circle Communities Inc. 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: $314,471
- Program Service Revenue: $13,927,804
- Gross Receipts: $14,941,833
Assets and Liabilities:
- Total Assets: $271,727,281
- Total Liabilities: $132,248,700
- Net Assets: $139,478,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$13,927,804
Organization Details
Founding Year
2001
Phone
(312) 530-9600Principal Officer
Joshua Wilmoth
Main Address
310 S PEORIA SUITE 500, CHICAGO, IL, 60607
Website
www.fccommunities.orgNTEE Category
Code: L25 - Housing
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