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Visionary Ventures Nfp Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473190700 ✦ Itasca, IL ✦ Designated as a 501(c)(3)

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Overview

What is Visionary Ventures Nfp Corporation?

Visionary Ventures NFP Corporation is a nonprofit organization, classified under Section 501 c 3, that operates with a charitable and educational mission. Situated in Itasca, Illinois, this organization has made significant strides in promoting affordable housing for low-income families and individuals. They have recently received developer fees for an ongoing project in Aurora, Illinois, which will feature 47 units upon completion. This development aims to provide a much-needed living space for those in need, contributing positively to the community.


Official website here: www.visionaryventuresnfp.com

Is Visionary Ventures Nfp Corporation legitimate?

Visionary Ventures Nfp Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visionary Ventures Nfp Corporation submitted a form 990EZ, 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.


Official website here: www.visionaryventuresnfp.com

What is the mission statement of Visionary Ventures Nfp Corporation?

Visionary Ventures Nfp Corporation, as a charitable and educational organization, operates with a mission to contribute positively to society, in line with the guidelines set by Section 501 c 3 of the code. The corporation has utilized developer fees to fund an ongoing affordable housing development in Aurora, Illinois, aimed at benefiting low-income families and individuals. Although the mission statement itself is not explicitly provided in the information, it can be inferred that Visionary Ventures Nfp Corporation is dedicated to promoting social good and providing essential resources for those in need.


Official website here: www.visionaryventuresnfp.com

Who is the CEO of Visionary Ventures Nfp Corporation?

Shelly Tucciarelli is the Executive Director of Visionary Ventures Nfp Corporation.


Official website here: www.visionaryventuresnfp.com

What is the revenue of Visionary Ventures Nfp Corporation?

Visionary Ventures Nfp Corporation's revenue in 2022 was $119,875.


Official website here: www.visionaryventuresnfp.com

Who are the executives of Visionary Ventures Nfp Corporation and what are their salaries?


Here are 5 key members and their salaries:


Shelly Tucciarelli (Executive Director)
  • Compensation: $74,000
  • Related: $0
  • Other: $0
Pamala Silas (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Hollenback (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Cornell (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Vigue (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.visionaryventuresnfp.com

Where can I find the form 990EZ for Visionary Ventures Nfp Corporation?

Visionary Ventures Nfp Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.visionaryventuresnfp.com

Learn more at the official website: www.visionaryventuresnfp.com

Mission Statement of Visionary Ventures Nfp Corporation

Visionary Ventures NFP Corporation, as a charitable and educational organization, operates with a mission to serve the community in accordance with Section 501 c 3 of the code. This nonprofit has secured developer fees for an ongoing affordable housing project in Aurora, Illinois. The development, currently under construction, will provide 47 residential units, specifically designed to support low-income families and individuals. By undertaking this project, Visionary Ventures Nfp Corporation demonstrates its commitment to contributing positively to the community, providing much-needed housing solutions for those who require it most.

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Impact




October, 2024

Visionary Ventures Nfp Corporation is making a significant impact through its commitment to developing affordable workforce housing in Aurora, Illinois. With 47 housing units in the works, the organization is focused on providing essential living spaces for low-income families and individuals, helping to address the critical need for affordable housing in the area.

By securing developer fees for this project, Visionary Ventures is not only facilitating the construction of these homes but also contributing to the overall economic development of the community. The corporation's efforts align with its mission to operate for charitable and educational purposes, ensuring that vulnerable populations have access to stable housing. This initiative is expected to enhance the quality of life for many residents, offering them a safe and reliable place to call home. Through its housing development, Visionary Ventures is fostering a positive change in the community, promoting inclusivity and providing support to those who need it most.




This information is meant to be a general summary of Visionary Ventures Nfp 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.

Revenue
$119,875 (2022)
Expenses
$82,580 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $86,193
  • Gross Receipts: $119,875

Assets and Liabilities:

  • Total Assets: $47,315
  • Total Liabilities: $0
  • Net Assets: $47,315

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Organization Details

Principal Officer

Shelly Tucciarelli

Main Address

232 S Oak Street, Itasca, IL, 60143

NTEE Category

Code: L20 - Housing

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