Overview
What is Gibson Area House Rehab Foundation?
The Gibson Area House Rehab Foundation is a nonprofit organization based in Gibson City, Illinois. Their primary mission involves examining, appraising, and directing the renovation of houses privately owned and inhabited by individuals with low income. During 2021, they also focused on assisting in the rehabilitation of homes affected by a 1000-year flood that occurred on August 12, 2021, in Gibson City and Elliott. They manage funds for this purpose, ensuring that the homes are restored to their pre-flood condition. To facilitate this, they developed a protocol for the disbursement of funds, starting with essential appliances and mold remediation, followed by construction and foundation restoration. Verified flood-related expenses are reimbursed using receipts, with the remaining funds to be distributed in 2022. Their activities primarily revolve around rehabilitating low-income homes, providing essential resources to bring them back to livable conditions.
Is Gibson Area House Rehab Foundation legitimate?
Gibson Area House Rehab Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gibson Area House Rehab Foundation 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
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What is the mission statement of Gibson Area House Rehab Foundation?
The Gibson Area House Rehab Foundation's primary mission involves examining, appraising, and directing the rehabilitation of privately owned homes inhabited by individuals with low income. In the wake of a significant flood in 2021, their secondary mission became facilitating the rehabilitation of affected homes, by directing funds and resources, with the aim of restoring them to their pre-flood condition. Following the flood, a protocol was established to evaluate and approve the disbursement of funds based on specific criteria, including essential appliance replacements, mold remediation, and foundation repairs. The process of reimbursement for flood-related expenses, verified by receipts, is the final phase, with the remaining funds to be distributed in 2022 for the completion of repairs.
Who is the CEO of Gibson Area House Rehab Foundation?
Rick Kerchanfaut is the Treasurer of Gibson Area House Rehab Foundation.
What is the revenue of Gibson Area House Rehab Foundation?
Gibson Area House Rehab Foundation's revenue in 2022 was $578,912.
Who are the executives of Gibson Area House Rehab Foundation and what are their salaries?
There 12 volunteers at Gibson Area House Rehab Foundation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Gibson Area House Rehab Foundation?
Gibson Area House Rehab Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gibson Area House Rehab Foundation
The Gibson Area House Rehab Foundation's primary mission is to assess and direct the restoration of privately owned homes inhabited by individuals with low income. In the event of natural disasters, such as floods, the foundation's secondary mission becomes crucial. During such times, the foundation facilitates the restoration of damaged homes by directing funds and resources to help bring the properties back to their pre-disaster condition.
In response to the 1000-year flood that occurred in Gibson City and Elliott on August 12, 2021, the Gibson Area House Rehab Foundation developed a protocol for the disbursement of funds. This process involved evaluating and approving the distribution of funds based on specific criteria set up in various phases of reconstruction. The initial phase focused on providing funds for cleanup, essential appliances, including furnaces and water heaters, as well as mold remediation. Subsequent phases involved construction and foundation repair. The final phase entailed reimbursement for flood-related expenses, verified by receipts, to ensure the efficient administration of the remaining funds. The restoration process is still ongoing, with the remaining funds scheduled for distribution in 2022.
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Impact
July, 2024
The Gibson Area House Rehab Foundation's impact includes appraising and directing the rehabilitation of low-income homes where needed. In 2021, the foundation appraised and directed contributed funds for the 1000-year flood that occurred on August 12, 2021, in Gibson City and Elliott, IL. A protocol was developed to evaluate and approve the disbursement of funds based on criteria set up in phases of reconstruction. Phase 1 included funds needed for cleanup, essential appliances such as furnaces and water heaters, as well as mold remediation. Construction and foundation restoration were the subsequent phases. The final phase involves reimbursing flood-related expenses verified by receipts. Damages are still in the process of being fixed, with the remainder of the funds to be dispersed in 2022. The foundation's mission primarily focuses on examining, appraising, and directing the rehabilitation of homes privately owned and inhabited by individuals with low income. Additionally, the foundation facilitates the rehabilitation of homes after the 2021 flood by directing funds and resources to restore homes to their condition before the disaster.
This information is meant to be a general summary of Gibson Area House Rehab Foundation. 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.
- Gross Receipts: $578,912
Assets and Liabilities:
- Total Assets: $377,779
- Total Liabilities: $0
- Net Assets: $377,779
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Organization Details
Phone
(217) 369-9816Principal Officer
Rick Kerchanfaut
Main Address
PO BOX 424, GIBSON CITY, IL, 60936
NTEE Category
Code: S20 - Community improvement
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