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Nhs Redevelopment Corporation

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

EIN: 363014600 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Nhs Redevelopment Corporation?

The Nhs Redevelopment Corporation, based in Chicago, Illinois, is a nonprofit organization dedicated to improving neighborhoods and providing affordable housing opportunities for low- and moderate-income families. They achieve this mission by redeveloping and preserving distressed properties throughout Chicago, turning vacant buildings into high-quality homes. The corporation has successfully created and developed over 425 affordable rental units in the Roseland, South Chicago, and Wrightwood neighborhoods. Through its affiliation with Neighborhood Housing Services of Chicago, Nhs Redevelopment Corporation strengthens communities and contributes to neighborhood safety by increasing the availability of affordable housing.


Official website here: www.nhschicago.org

Is Nhs Redevelopment Corporation legitimate?

Nhs Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nhs Redevelopment 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,096

For more financial information, click here


Official website here: www.nhschicago.org

What is the mission statement of Nhs Redevelopment Corporation?

The Nhs Redevelopment Corporation, in association with its parent organization, Neighborhood Housing Services of Chicago (NHS), strives to enhance neighborhoods and offer high-quality, affordable housing opportunities for low- and moderate-income families. They accomplish this by redeveloping and preserving distressed properties across various areas of the city. The corporation purchases, renovates, and sells single-family homes. Additionally, they collaborate with the housing court to stabilize distressed properties, thereby improving neighborhood safety and increasing the availability of affordable housing in targeted neighborhoods.


Official website here: www.nhschicago.org

Who is the CEO of Nhs Redevelopment Corporation?

Dwayne Shipp is the President of Nhs Redevelopment Corporation. The CEO's salary of Nhs Redevelopment Corporation is $0 and their total compensation is $227,573.


Official website here: www.nhschicago.org

What is the revenue of Nhs Redevelopment Corporation?

Nhs Redevelopment Corporation's revenue in 2022 was $647,175.


Official website here: www.nhschicago.org

Who are the executives of Nhs Redevelopment Corporation and what are their salaries?

Here are 12 key members and their salaries (Nhs Redevelopment Corporation's CEO's salary is $0 and their total compensation is $227,573):

    Anthony Simpkins (Chief Executive Officer)
  • Compensation: $0
  • Related: $204,715
  • Other: $22,858

    • Donna Clarke (Chief Operating Officer)
  • Compensation: $0
  • Related: $154,108
  • Other: $11,125

    • Dwayne Shipp (Director Of Finance)
  • Compensation: $0
  • Related: $107,834
  • Other: $17,910

    • Linda Greene (Officer)
  • Compensation: $0
  • Related: $80,410
  • Other: $11,030

    • Kristine Jurmu (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christine Kolb (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrienne Whitney (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Viamis (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Molly Ekerdt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Allison Porter-Bell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Siadak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nhschicago.org

    Where can I find the form 990 for Nhs Redevelopment Corporation?

    The Nhs Redevelopment Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nhschicago.org

    Learn more at the official website: www.nhschicago.org

    Mission Statement of Nhs Redevelopment Corporation

    Nhs Redevelopment Corporation, affiliated with Neighborhood Housing Services of Chicago (NHS), is committed to strengthening communities and providing high-quality, affordable housing opportunities for low- and moderate-income families. Through its redevelopment and preservation efforts, the organization aims to improve distressed properties across the city. The corporation purchases and rehabilitates single-family homes, and collaborates with the housing court to stabilize distressed properties. This strategic approach enhances neighborhood safety and increases the availability of affordable housing in targeted areas. By doing so, Nhs Redevelopment Corporation contributes to the overall well-being of the communities it serves, providing a much-needed solution for families seeking affordable housing options.

    Impact

    This information is meant to be a general summary of Nhs Redevelopment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    NHS Redevelopment Corporation's impact lies in its efforts to strengthen neighborhoods and provide high-quality, affordable housing opportunities for low- and moderate-income families in Chicago. Through developing and preserving properties, NHSRC has contributed to the creation of over 425 units of affordable rental housing for senior citizens in various neighborhoods. Additionally, the organization plays a crucial role in stabilizing neighborhoods by acquiring vacant properties, rehabilitating homes, and selling them affordably to homeowner-occupants.

    By working in collaboration with its parent organization, Neighborhood Housing Services of Chicago (NHS), NHSRC plays a significant role in redeveloping and preserving distressed properties throughout the city. This not only improves neighborhood safety but also increases the availability of high-quality, affordable housing in targeted areas. Overall, NHS Redevelopment Corporation's impact is felt through its dedicated efforts to address housing needs and revitalize communities in Chicago.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $276,197
  • Program Service Revenue: $483,336
  • Gross Receipts: $1,259,588

    • Assets and Liabilities:
  • Total Assets: $7,862,822
  • Total Liabilities: $9,442,412
  • Net Assets: -$1,579,590
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONTRACTUAL SERVICES

    Revenue

    $479,953

    PROPERTY MANAGEMENT AND DEVELOPME

    Revenue

    $3,383

    Organization Details

    Founding Year

    1979

    Principal Officer

    Dwayne Shipp

    Main Address

    1279 N MILWAUKEE AVENUE, CHICAGO, IL, 60622

    NTEE Category

    Code: L210 - Housing

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