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Progressive Baptist Church Housing Foundation Inc

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

EIN: 363025975 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Progressive Baptist Church Housing Foundation Inc?

Progressive Baptist Church Housing Foundation Inc, based in Chicago, Illinois, is a nonprofit organization primarily focused on providing affordable housing solutions. They operate a Section 8 rental property, catering to low-income elderly tenants. The organization's primary mission revolves around the management and maintenance of this residential apartment building, ensuring it serves as a secure and comfortable living space for its residents. With an employee count of 18, they are dedicated to upholding the standards of affordable housing and making a positive impact in their community.


Is Progressive Baptist Church Housing Foundation Inc legitimate?

Progressive Baptist Church Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Progressive Baptist Church Housing Foundation Inc 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: $530,174

For more financial information, click here


What is the mission statement of Progressive Baptist Church Housing Foundation Inc?
Who is the CEO of Progressive Baptist Church Housing Foundation Inc?
What is the revenue of Progressive Baptist Church Housing Foundation Inc?
Who are the executives of Progressive Baptist Church Housing Foundation Inc and what are their salaries?
Where can I find the form 990 for Progressive Baptist Church Housing Foundation Inc?

Mission Statement of Progressive Baptist Church Housing Foundation Inc

Progressive Baptist Church Housing Foundation Inc is dedicated to serving the needs of low-income elderly tenants by operating a Section 8 residential apartment building. The organization's mission revolves around providing affordable housing, ensuring that elderly individuals have a secure and comfortable living space. By operating this Section 8 rental property, Progressive Baptist Church Housing Foundation Inc is making a significant contribution to the community, offering a vital service that addresses the housing needs of a often overlooked population. The foundation's operation of this apartment building is its sole activity, demonstrating its commitment to this cause.

Impact

This information is meant to be a general summary of Progressive Baptist Church Housing Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Progressive Baptist Church Housing Foundation Inc has a significant impact on the community by providing affordable housing to low-income elderly tenants in Chicago. Their sole operation of a Section 8 rental property ensures that those in need have a safe and secure place to call home. By offering this essential service, they contribute to improving the quality of life for vulnerable individuals and positively impacting the neighborhood.





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: $7,537
  • Program Service Revenue: $369,076
  • Gross Receipts: $2,317,607

    • Assets and Liabilities:
  • Total Assets: $5,553,851
  • Total Liabilities: $4,977,637
  • Net Assets: $576,214
  • Programs

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

    TENANT RENT

    Revenue

    $367,986

    TENANT FEES

    Revenue

    $1,090

    Organization Details

    Founding Year

    1978

    Principal Officer

    Rev Woody Collins

    Main Address

    3601 SOUTH WELLS, CHICAGO, IL, 60609

    NTEE Category

    Code: L210 - Housing

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