Overview
What is Chicago Dwellings Association?
The Chicago Dwellings Association (CDA) is a nonprofit organization situated in Westmont, Illinois. With a primary focus on affordability, they offer housing and supportive services to individuals, families, and the elderly who fall under the low and moderate income brackets. Their mission involves managing properties that are HUD-regulated throughout Chicago, ensuring affordable living accommodations for their constituents. The CDA's operations include covering all rental and operational expenses for exempt purposes. With a dedicated workforce of 45 employees, they strive to provide essential housing and support services to enhance the quality of life in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 72%)
The Chicago Dwellings Association has received a "Needs Improvement" rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are critical areas requiring attention. Notably, it scored 100% in accountability and finance, showcasing a robust commitment to managing its resources responsibly, with no reported material diversion of assets.
However, the organization faces limitations, particularly in board independence and financial transparency. While it has a majority of independent board members, the overall size of independent members is low, and the financial statements are not as robust, being classified only as a review or compilation. Additionally, the lack of a website listed on the tax form and missing tax forms on the nonprofit's website further detracts from its transparency.
Despite these drawbacks, the Chicago Dwellings Association maintains a high program expense ratio of 93.82%, reflecting a strong focus on its mission-related activities. Overall, while the organization demonstrates strengths in specific areas, significant improvements are necessary to enhance its ratings and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Dwellings Association legitimate?
Chicago Dwellings Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Dwellings Association 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: $449,948
Professional Fundraising Fees: $0
Other Salaries and Wages: $759,685
For more financial information, click here
What is the mission statement of Chicago Dwellings Association?
The Chicago Dwellings Association's mission is centered around providing affordable housing and support services for individuals, families, and the elderly who fall under the categories of low and moderate income. Their properties are regulated by the HUD throughout the city of Chicago. The organization's primary goal is to make housing accessible for this demographic, offering them a secure living environment. Additionally, they provide essential support services to cater to their needs, ensuring they can maintain a decent quality of life. The association's program expenses cover both rental and operational costs, ensuring these services are exempt for their intended beneficiaries.
Who is the CEO of Chicago Dwellings Association?
Christine Oliver is the President of Chicago Dwellings Association.
What is the revenue of Chicago Dwellings Association?
Chicago Dwellings Association's revenue in 2022 was $2,167,335.
Who are the executives of Chicago Dwellings Association and what are their salaries?
The average compensation at Chicago Dwellings Association during 2022 was $26,881. There are 45 employees at Chicago Dwellings Association.
Here are 4 key members and their salaries:
- Compensation: $384,300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $65,648
- Related: $0
- Other: $0
Where can I find the form 990 for Chicago Dwellings Association?
Chicago Dwellings Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chicago Dwellings Association
Chicago Dwellings Association, a nonprofit organization, is dedicated to providing affordable housing and support services for low and moderate-income individuals, families, and the elderly. Their mission involves managing properties that are regulated by the HUD, spread throughout the city of Chicago. The association is committed to ensuring these communities have access to essential housing and operational support services. Their program expenses cover both rental and operational costs for exempt purposes, demonstrating their commitment to the well-being of their residents.
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Impact
October, 2024
The Chicago Dwellings Association significantly impacts the community by providing affordable housing and essential support services to low and moderate-income individuals, families, and the elderly. By managing HUD-regulated properties throughout Chicago, the organization helps to alleviate housing insecurity and foster stable living conditions for vulnerable populations. Their efforts not only enhance the quality of life for residents but also contribute to the overall well-being of the community by promoting inclusivity and accessibility in housing. Their comprehensive approach ensures that those in need have access to safe and affordable living spaces, which is crucial for fostering economic stability and social cohesion.
This information is meant to be a general summary of Chicago Dwellings Association. 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: $217,155
- Program Service Revenue: $1,946,327
- Gross Receipts: $2,167,335
Assets and Liabilities:
- Total Assets: $23,151,103
- Total Liabilities: $8,190,735
- Net Assets: $14,960,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW AND MODERATE
INCOME APARTMENT
RENTALS AND RELATED
FEES
Revenue
$1,946,327
Organization Details
Founding Year
1948
Phone
(630) 789-6710Principal Officer
Christine Oliver
Main Address
PO BOX 605, WESTMONT, IL, 60559
NTEE Category
Code: L200 - Housing
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