Overview
What is Illinois Community Action Development Corporation?
Illinois Community Action Development Corporation (ICADC) is a not-for-profit organization located in Springfield, Illinois. Its primary mission is to help create affordable housing for low-income residents in Illinois. In 2020, ICADC received a grant from the Local Initiatives Support Corporation (LISC) to enhance its capacity to engage in affordable housing and economic development projects across the state. The corporation also purchased two buildings from another nonprofit and rents them to an organization that provides Head Start programs for low-income individuals. ICADC's primary sources of revenue are rental income, grants, and development fees. Beyond housing, ICADC also provides training and technical assistance to community action agencies to strengthen communities and create better living conditions, job opportunities, and financial prospects.
Official website here: www.iacaanet.org
Is Illinois Community Action Development Corporation legitimate?
Illinois Community Action Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Community Action 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,790
For more financial information, click here
Official website here: www.iacaanet.org
What is the mission statement of Illinois Community Action Development Corporation?
The Illinois Community Action Development Corporation's mission is centered around assisting in the creation of affordable housing for low-income residents. Beyond this, the organization provides training and technical assistance to community action agencies, enabling them to participate in affordable housing and economic development projects across various Illinois communities. This empowers communities by engaging community action agencies and leaders, thereby fostering better living conditions, creating more job opportunities, and offering financial opportunities to support the mission of community action.
Official website here: www.iacaanet.org
Who is the CEO of Illinois Community Action Development Corporation?
Dalitso Sulamoyo is the Chair of Illinois Community Action Development Corporation. The CEO's salary of Illinois Community Action Development Corporation is $0 and their total compensation is $0.
Official website here: www.iacaanet.org
What is the revenue of Illinois Community Action Development Corporation?
Illinois Community Action Development Corporation's revenue in 2022 was $361,330.
Official website here: www.iacaanet.org
Who are the executives of Illinois Community Action Development Corporation and what are their salaries?
There 7 volunteers at Illinois Community Action Development Corporation.
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Official website here: www.iacaanet.org
Where can I find the form 990 for Illinois Community Action Development Corporation?
Illinois Community Action Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iacaanet.org
Learn more at the official website: www.iacaanet.org
Mission Statement of Illinois Community Action Development Corporation
Illinois Community Action Development Corporation, abbreviated as ICADC, is committed to aiding in the creation of affordable housing for low-income Illinois residents. Beyond this primary goal, ICADC provides training and technical assistance to community action agencies across the state. This assistance enables these agencies to participate in affordable housing and economic development projects within their respective communities. By strengthening the capacity of these agencies and engaging community leaders, ICADC fosters opportunities that improve living conditions, generate more jobs, and provide financial prospects. Ultimately, the mission of Illinois Community Action Development Corporation is to empower communities and enhance the lives of their residents by promoting sustainable development and economic growth.
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Impact
October, 2024
The Illinois Community Action Development Corporation (ICADC) plays a crucial role in enhancing the quality of life for low-income residents in Illinois through its focus on affordable housing and economic development. By assisting in the creation of affordable housing, ICADC addresses a critical need in communities, helping to ensure that individuals and families have access to safe and affordable living conditions.
In 2020, ICADC made significant strides by acquiring two buildings to serve as rental spaces for organizations that offer essential programs, such as Head Start, which supports low-income families. This initiative not only provides housing but also fosters educational opportunities for children.
The organization also received a grant from the Local Initiatives Support Corporation (LISC), which has enabled it to build capacity and facilitate better access to resources for community action agencies. This work involves training and technical assistance to empower these agencies to engage in housing and economic development projects, ultimately strengthening community infrastructure.
By engaging community leaders and agencies, ICADC creates more job opportunities, improves living conditions, and opens up financial avenues for residents. Through its comprehensive approach to community development, ICADC positively impacts the lives of many in Illinois, fostering a better future for those in need.
This information is meant to be a general summary of Illinois Community Action 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 2022.
- Investment Income: $4,863
- Program Service Revenue: $356,467
- Gross Receipts: $361,330
Assets and Liabilities:
- Total Assets: $5,602,390
- Total Liabilities: $4,778,371
- Net Assets: $824,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$356,467
Organization Details
Founding Year
1999
Phone
(217) 789-0125Principal Officer
Dalitso Sulamoyo
Main Address
3435 LIBERTY DRIVE, SPRINGFIELD, IL, 62704
Website
www.iacaanet.orgNTEE Category
Code: L21 - Housing
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