Overview
What is Renew Communities Nfp?
Renew Communities Nfp is a nonprofit organization based in Lake Forest, Illinois, specifically at 100 N Waukan Road, 60045. Their primary mission is to promote and accelerate revitalization in North Chicago, Illinois, by increasing affordable home ownership for underprivileged families. To achieve this goal, they've launched the Matthew Homes program, facilitating the purchase and completion of affordable homes for 300 families. Renew's team consists of dedicated experts who design Matthew Homes, featuring full basements, three bedrooms, two bathrooms, and a two-car garage. The organization has an active outreach program, attracting volunteers from the community, nearby areas, churches, and businesses to support its initiatives. Renew also collaborates closely with the City of North Chicago staff, local contractors, and third-party housing organizations to develop viable properties. Moreover, Renew recognizes the importance of quality education in retaining and attracting engaged families in the community. As such, they work closely with the Superintendent of Schools to develop quality programs, attract talented teachers, and foster strong community relationships. Renew Communities Nfp's mission is to reflect God's love for the underprivileged by collaborating with community leaders, residents, and small business owners to revitalize the community.
Official website here: www.renewcommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Renew Communities Nfp has achieved an impressive Four-Star rating from Charity Navigator, reflecting a 96% score primarily based on its strong accountability and financial performance. This rating indicates a high level of transparency and effective use of resources, with no reported issues concerning the diversion of assets, showcasing the organization’s commitment to ethical management.
The organization benefits from a well-structured board, with 75% of its members being independent, fostering a governance framework that prioritizes accountability. Additionally, it has implemented comprehensive policies, including those for conflict of interest and whistleblower protections, which are well-documented and align with best practices in nonprofit governance.
Financially, Renew Communities Nfp demonstrates sound management practices, with a program expense ratio of 78.42%, indicating that a significant portion of its budget is directed towards its mission-related activities. The organization also maintains a low liabilities to assets ratio at 1.74%, suggesting strong financial health. Overall, the data reflects a nonprofit that is not only effective in its operations but also committed to maintaining transparency and ethical standards.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Renew Communities Nfp?
There are currently two reviews for Renew Communities Nfp on Facebook, although it hasn’t received an explicit rating yet. Here’s a brief overview of the comments:
One user expressed appreciation for the nonprofit's efforts, highlighting the valuable work being accomplished. While the number of reviews is limited, the feedback indicates a positive impression of the organization's activities.
Overall, the sentiment surrounding Renew Communities Nfp is favorable, suggesting that the community recognizes and supports its mission. As more reviews come in, a clearer picture of public sentiment may emerge, but the initial responses are encouraging.
This AI summary has been generated from reviews found on Facebook.
Is Renew Communities Nfp legitimate?
Renew Communities Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renew Communities Nfp 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: $60,667
For more financial information, click here
Official website here: www.renewcommunities.org
What is the mission statement of Renew Communities Nfp?
Renew Communities Nfp's mission is centered around reflecting love for underprivileged communities by collaborating with local leaders and residents. Their goal is to increase affordable home ownership, enrich community life, and support small businesses. This initiative aims to create a tipping point towards revitalization. Renew is currently working on its affordable housing program, Matthew Homes, with the aim of providing homes for 300 families and encouraging community engagement. So far, they have completed a dozen homes and are working on ten more. Renew is also focusing on establishing processes and an operating structure to accelerate its Matthew Homes program over the next three years. Additionally, Renew has an outreach program attracting volunteers from various communities and works closely with local authorities and housing organizations to develop viable properties. Affordable housing and a quality school system are essential to Retaining and attracting engaged families in the community, and Renew's Matthew Homes program is working closely with the school superintendent to develop quality programs and strong community relationships.
Official website here: www.renewcommunities.org
Who is the CEO of Renew Communities Nfp?
David Weil is the Chairman of Renew Communities Nfp.
Official website here: www.renewcommunities.org
What is the revenue of Renew Communities Nfp?
Renew Communities Nfp's revenue in 2022 was $946,316.
Official website here: www.renewcommunities.org
Who are the executives of Renew Communities Nfp and what are their salaries?
The average compensation at Renew Communities Nfp during 2022 was $30,334. There are 2 employees and 390 volunteers at Renew Communities Nfp.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $152,757
- Other: $85,496
- Compensation: $0
- Related: $66,412
- Other: $42,707
- Compensation: $0
- 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: $99,778
- Other: $9,192
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.renewcommunities.org
Where can I find the form 990 for Renew Communities Nfp?
Renew Communities Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renewcommunities.org
Learn more at the official website: www.renewcommunities.org
Mission Statement of Renew Communities Nfp
Renew Communities Nfp, a nonprofit organization, is committed to reflecting God's love for under-resourced neighborhoods by collaborating with community leaders and residents. Their mission is multifaceted, aiming to increase affordable home ownership, enrich community life, and grow small businesses. This holistic approach is designed to ignite a tipping point towards revitalization.
In pursuit of their mission, Renew Communities Nfp has launched the Matthew Homes program. This initiative seeks to facilitate the purchase and completion of affordable homes for 300 families, encouraging community engagement and family involvement in the neighborhood. As of now, Renew has successfully completed a dozen Matthew Homes, with work ongoing on an additional 10 (3 renovations and 7 new builds). To accelerate this program over the next three years, Renew is establishing processes and an operating structure, which will enable them to significantly increase property acquisitions, renovations, and new constructions.
The Matthew Homes program is meticulously designed, featuring full basements, three bedrooms, two full bathrooms, and a two-car garage. Renew's outreach program attracts quality volunteers from various sources, including the community, neighboring areas, churches, and businesses. The Matthew Homes team works closely with the city staff, local contractors, and third-party housing organizations to access and develop viable properties. Additionally, Renew recognizes the importance of affordable homes and a quality school system in retaining and attracting engaged families to the community. Hence, they are collaborating with the school superintendent to develop quality programs, attract great teachers and staff, and inspire students, ultimately fostering strong community relationships.
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Impact
July, 2024
Renew Communities Nfp's impact is significant in increasing affordable home ownership in under-resourced communities, specifically in the city of North Chicago, Illinois. Through its affordable housing program, called Matthew Homes, Renew aims to provide affordable home ownership opportunities for 300 families, fostering family engagement in the neighborhood and community. To date, Renew has facilitated the purchase and completion of a dozen Matthew Homes, with ongoing work on 10 more (including renovations and new builds).
Renew is actively working on accelerating its Matthew Homes program over the next three years, ramping up property acquisitions, renovations, and new constructions. These new builds are designed by leading experts on the Renew team, featuring essential amenities such as full basements, three bedrooms, two full bathrooms, and a two-car garage.
In addition to housing initiatives, Renew also engages in outreach programs attracting quality volunteers from the community, neighboring areas, churches, and businesses. Collaboration with the city of North Chicago staff, local contractors, and third-party housing organizations is integral to the success of the program.
Moreover, Renew recognizes the importance of quality education and its impact on community engagement. The organization collaborates with the superintendent of schools to develop quality programs, attract skilled teachers and staff, inspire students, and build strong community relationships. By focusing on affordable homes and a quality school system, Renew aims to retain and attract engaged families to the community.
Overall, Renew Communities Nfp's efforts in increasing affordable home ownership, enriching community life, and supporting small businesses align with its mission to reflect God's love for under-resourced neighbors and ignite a tipping point toward revitalization.
This information is meant to be a general summary of Renew Communities Nfp. 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: $1,511,862
Assets and Liabilities:
- Total Assets: $3,530,727
- Total Liabilities: $61,534
- Net Assets: $3,469,193
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Organization Details
Founding Year
2016
Phone
(847) 457-7247Principal Officer
David Weil
Main Address
100 N WAUKEGAN RD, LAKE FOREST, IL, 60045
Website
www.renewcommunities.orgNTEE Category
Code: P20 - Human services
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