Overview
What is Residents Development Corporation?
Residents Development Corporation is a dedicated nonprofit organization, situated unspecified, that is committed to addressing the housing needs of individuals with moderate and low-income levels. Their mission revolves around offering housing solutions through various programs, with a primary focus on providing affordable dwellings. The corporation's activities and purpose are all geared towards empowering individuals with limited financial resources to secure suitable living arrangements.
Is Residents Development Corporation legitimate?
Residents Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residents Development 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.
What is the mission statement of Residents Development Corporation?
The Residents Development Corporation is committed to achieving its mission by offering low and moderate housing opportunities for individuals. This is accomplished through various programs specifically designed to cater to those with limited income. By focusing on affordable housing, the corporation aims to contribute positively to the community, providing a decent living space for those who may otherwise struggle to secure such a necessity.
Who is the CEO of Residents Development Corporation?
William Gaddy is the President of Residents Development Corporation.
What is the revenue of Residents Development Corporation?
Residents Development Corporation's revenue in 2022 was $178,464.
Who are the executives of Residents Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Residents Development Corporation?
Residents Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Residents Development Corporation
Residents Development Corporation, as a nonprofit organization, is committed to providing affordable housing options for individuals with low and moderate incomes. Their mission is centered around designing and implementing programs that focus on making housing more accessible for those in need. By doing so, Residents Development Corporation seeks to make a significant impact in the lives of many, contributing to a more equitable housing landscape.
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Impact
October, 2024
Residents Development Corporation plays a crucial role in addressing housing challenges in Chicago by focusing on the provision of low and moderate-income housing. Through its targeted programs, it ensures that individuals who might otherwise struggle to find affordable accommodations have access to safe and stable living conditions. This commitment helps to alleviate housing insecurity in the community, fostering a more equitable environment for residents. By concentrating on low-income households, the organization contributes to the overall well-being of the neighborhoods it serves, promoting social stability and enhancing the quality of life for many families. Its initiatives not only provide shelter but also aim to empower residents through support services that foster community development and personal growth.
This information is meant to be a general summary of Residents 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: $5
- Program Service Revenue: $23,257
- Gross Receipts: $178,464
Assets and Liabilities:
- Total Assets: $452,545
- Total Liabilities: $52,318
- Net Assets: $400,227
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Organization Details
Principal Officer
William Gaddy
Main Address
1848 N Normandy Ave, Chicago, IL, 607073926
NTEE Category
Code: L20 - Housing
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