Overview
What is Benevolent Housing Association?
The Benevolent Housing Association is a nonprofit organization dedicated to improving housing living conditions for low-income families residing in their local community. They achieve this mission by purchasing homes, investing time and resources to renovate them, and subsequently selling these improved properties at affordable prices to eligible families in need. This endeavor aims to promote stable and comfortable living environments for these families.
Is Benevolent Housing Association legitimate?
Benevolent Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benevolent Housing Association 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 Benevolent Housing Association?
The Benevolent Housing Association is dedicated to improving housing conditions for low-income families within the local community. They achieve this by purchasing homes, meticulously restoring them, and subsequently selling them at affordable prices to eligible families who fall under the income threshold. This association plays a crucial role in providing decent living spaces for those who might otherwise struggle with housing affordability.
Who is the CEO of Benevolent Housing Association?
Kirby Pearson is the President of Benevolent Housing Association.
What is the revenue of Benevolent Housing Association?
Benevolent Housing Association's revenue in 2022 was -$3,575.
Who are the executives of Benevolent Housing Association and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Benevolent Housing Association?
Benevolent Housing Association's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Benevolent Housing Association
The Benevolent Housing Association is an organization that plays a significant role in the local community. Its mission is centered around purchasing homes, renovating them, and then selling them to eligible low-income families living in the area. By undertaking this endeavor, the association aims to contribute to the housing needs of individuals who may not have the resources to secure and maintain a decent living space on their own. This initiative not only provides families with a place to call home but also helps revitalize the neighborhoods where these properties are located.
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Impact
October, 2024
Benevolent Housing Association significantly impacts the local community by providing affordable housing options for low-income families in Chicago. Through the acquisition and renovation of homes, the Association not only enhances the quality of housing available but also contributes to the revitalization of neighborhoods. By selling these homes to approved families, it fosters stability and empowerment, allowing individuals to invest in their future and build equity. This initiative directly addresses the housing crisis faced by economically disadvantaged residents, creating a pathway to homeownership that can lead to improved economic conditions and enhanced community cohesion.
This information is meant to be a general summary of Benevolent Housing 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.
Assets and Liabilities:
- Total Assets: $54,571
- Total Liabilities: $128,269
- Net Assets: -$73,698
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Organization Details
Phone
(312) 805-0005Principal Officer
Kirby Pearson
Main Address
1000 N MILWAUKEE AVENUE, CHICAGO, IL, 60642
NTEE Category
Code: L20 - Housing
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