Overview
What is Bronzeville Housing & Community Development Corporation?
Bronzeville Housing & Community Development Corporation is a nonprofit organization located at 400 E 41ST STREET 1, Chicago, Illinois 60653. Their primary mission is to develop, maintain, and operate housing for low-income individuals, with a focus on areas within the city of Chicago that have a particular need for such housing. Their activities primarily involve providing rental housing for these residents to ensure affordable living options are available. The corporation's goal is to contribute positively to the community and improve the living standards for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Bronzeville Housing & Community Development Corporation has demonstrated a strong commitment to accountability and finance, as indicated by its impressive 94% score, which primarily stems from its full marks across various governance and financial metrics. The organization boasts a fully independent board, with all members meeting the criteria for independence, thereby ensuring sound oversight and decision-making.
The organization has effectively implemented key policies, including conflict of interest and whistleblower protections, both of which are crucial for maintaining transparency and ethical governance. With a program expense ratio of 100%, it is evident that the majority of its resources are directed towards its core mission, reflecting a strong dedication to programmatic impact.
While the organization shows no material diversions of assets and maintains a favorable liabilities to assets ratio of 35.25%, there is no additional information on how these financial practices translate into specific community outcomes or services provided. Overall, the organization appears well-managed with a solid financial foundation, although further details on its program effectiveness could enhance understanding of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Bronzeville Housing & Community Development Corporation legitimate?
Bronzeville Housing & Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bronzeville Housing & Community Development Corporation 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
For more financial information, click here
What is the mission statement of Bronzeville Housing & Community Development Corporation?
The Bronzeville Housing & Community Development Corporation's mission is centered around providing rental housing for individuals with low income, primarily in areas that have a significant need for such housing. This organization aims to develop, maintain, and operate housing units, ensuring they are accessible to those who require it most. By doing so, the corporation contributes to the betterment of communities, providing a vital service for those in need.
What is the revenue of Bronzeville Housing & Community Development Corporation?
Bronzeville Housing & Community Development Corporation's revenue in 2023 was $81,098.
Who are the executives of Bronzeville Housing & Community Development Corporation and what are their salaries?
Here are 4 key members and their salaries:
- 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 990 for Bronzeville Housing & Community Development Corporation?
Bronzeville Housing & Community Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bronzeville Housing & Community Development Corporation
Bronzeville Housing & Community Development Corporation is dedicated to providing rental housing for individuals with low income, primarily in areas of the city that have a significant need for such housing. Their mission is multifaceted, involving the development, maintenance, and operation of housing units designed for low-income residents. By doing so, this organization aims to contribute positively to these communities, ensuring that those in need have access to suitable housing options.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Bronzeville Housing & Community Development Corporation plays a crucial role in providing rental housing solutions for low-income residents in Chicago. By focusing on areas with a significant need for affordable housing, the organization contributes to the stability and growth of vulnerable communities. Its efforts in developing, maintaining, and operating housing not only alleviate the immediate housing crisis but also foster a sense of community and belonging among residents. This commitment to creating safe, affordable living conditions helps to enhance the overall quality of life for individuals and families while promoting economic opportunities in the region.
This information is meant to be a general summary of Bronzeville Housing & Community 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 2023.
- Investment Income: $3,085
- Program Service Revenue: $81,098
- Gross Receipts: $81,098
Assets and Liabilities:
- Total Assets: $12,235,285
- Total Liabilities: $4,314,004
- Net Assets: $7,921,281
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCENTIVE MANAGEMENT F
Revenue
$61,220
PREFERRED RETURN
Revenue
$14,667
DEVELOPER FEES
Revenue
$5,211
Organization Details
Founding Year
2008
Principal Officer
Pat Hammonds
NTEE Category
Code: L21 - Housing
If you are a representative of Bronzeville Housing & Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.