Hatch Development Chicago Nfp

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

EIN: 850876772 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Hatch Development Chicago Nfp?

Hatch Development Chicago Nfp is a nonprofit organization situated in Chicago's Bronzeville neighborhood, offering below-market-rate office and desk space rental for the local community. Their primary goal is to foster community improvement and capacity building. By running a nonprofit co-working space, they provide a platform for various organizations and individuals to collaborate and grow, ultimately contributing positively to the community.


Official website here: www.hatch41.com

Is Hatch Development Chicago Nfp legitimate?

Hatch Development Chicago Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hatch Development Chicago Nfp 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.hatch41.com

What is the mission statement of Hatch Development Chicago Nfp?

Hatch Development Chicago Nfp operates a non-profit co-working space in a local community, offering office and desk space rentals at below-market rates. Their primary mission is centered around community improvement and capacity building. By providing affordable workspace, they aim to support the local non-profit sector, thereby fostering growth and development within the community.


Official website here: www.hatch41.com

Who is the CEO of Hatch Development Chicago Nfp?

Katherine Groninger Phd is the Board Chairman of Hatch Development Chicago Nfp.


Official website here: www.hatch41.com

What is the revenue of Hatch Development Chicago Nfp?

Hatch Development Chicago Nfp's revenue in 2021 was $134,049.


Official website here: www.hatch41.com

Who are the executives of Hatch Development Chicago Nfp and what are their salaries?


Here are 3 key members and their salaries:


Katherine Groninger Phd (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Giovanielli Phd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsey Mantoan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hatch41.com

Where can I find the form 990EZ for Hatch Development Chicago Nfp?

Hatch Development Chicago Nfp's most recent form 990EZ was submitted in 2021 and can be accessed here.


Official website here: www.hatch41.com

Learn more at the official website: www.hatch41.com

Mission Statement of Hatch Development Chicago Nfp

Hatch Development Chicago NFP, an established nonprofit organization, has established a co-working space in a Chicago neighborhood, specifically Bronzeville. Their primary mission is to provide office and desk space rental at below-market rates for the local community. This initiative is not just about offering affordable workspace, but also serves as a platform for community improvement and capacity building. By operating a nonprofit co-working space, Hatch Development Chicago NFP aims to contribute to the community's growth and development, fostering an environment that supports and empowers various local organizations and individuals.

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Impact




October, 2024

Hatch Development Chicago Nfp has made a significant impact on the Bronzeville neighborhood by providing an accessible co-working space that caters to the needs of the local community. By offering office and desk rentals at below-market rates, Hatch Development empowers individuals and small businesses, fostering economic growth and entrepreneurship in the area. This initiative not only supports local startups and professionals by reducing their overhead costs but also promotes collaboration and networking among community members.

Furthermore, the co-working space serves as a hub for community improvement and capacity building. It creates opportunities for individuals to enhance their skills, connect with resources, and participate in a vibrant professional environment. By prioritizing the needs of the community, Hatch Development contributes to a revitalization of the local economic landscape, ultimately uplifting the entire neighborhood. This focus on accessibility and community support helps cultivate a dynamic ecosystem that nurtures innovation and fosters positive change in Bronzeville.




This information is meant to be a general summary of Hatch Development Chicago 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.

Revenue
$134,049 (2021)
Expenses
$141,678 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $26,049
  • Gross Receipts: $134,049

Assets and Liabilities:

  • Total Assets: $13,247
  • Total Liabilities: $0
  • Net Assets: $13,247

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Organization Details

Principal Officer

Katherine Groninger Phd

Main Address

4131 S STATE ST SUITE C, CHICAGO, IL, 606092942

NTEE Category

Code: S31 - Community improvement

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