Overview
What is Moogoong Terrace Inc?
Moogoong Terrace Inc is a nonprofit organization situated in Chicago, Illinois. With a team of eight dedicated individuals, their primary mission is to manage and operate a 75-unit apartment building, offering subsidized housing for elderly and handicapped individuals through the HUD (Department of Housing and Urban Development) program. This facility aims to provide a safe and comfortable living environment for those in need, ensuring they have access to essential housing services.
Is Moogoong Terrace Inc legitimate?
Moogoong Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moogoong Terrace 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: $267,261
For more financial information, click here
What is the mission statement of Moogoong Terrace Inc?
Moogoong Terrace Inc's mission is centered around operating and managing a 75-unit apartment building that provides subsidized housing to elderly and handicapped individuals, funded by the HUD. Their primary objective is to provide a living space for these individuals, ensuring they have access to a safe and supportive environment. The organization's activities focus on managing the facility effectively, ensuring the needs of its residents are met, and ensuring the housing remains subsidized to keep it affordable. By providing this service, Moogoong Terrace Inc aims to contribute positively to the lives of elderly and handicapped individuals, enhancing their overall well-being and quality of life.
Who is the CEO of Moogoong Terrace Inc?
Arnie Choi is the President of Moogoong Terrace Inc.
What is the revenue of Moogoong Terrace Inc?
Moogoong Terrace Inc's revenue in 2022 was $1,008,260.
Who are the executives of Moogoong Terrace Inc and what are their salaries?
The average compensation at Moogoong Terrace Inc during 2022 was $33,408. There are 8 employees and 5 volunteers at Moogoong Terrace Inc.
Here are 6 key members and their salaries:
- Arnie Choi (President) [Trustee/Director]
- Kent Chaegu Lee (Secretary) [Trustee/Director]
- Heon J Woo (Treasurer) [Trustee/Director]
- Ransil Park (Director)
- Joseph Kim (Director)
- Inhe Choi (Executive Director)
Where can I find the form 990 for Moogoong Terrace Inc?
The Moogoong Terrace Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Moogoong Terrace Inc
Moogoong Terrace Inc, as a nonprofit organization, is dedicated to providing subsidized housing for elderly and handicapped individuals. They manage and operate a 75-unit apartment building, serving as a haven for those in need of such accommodations. Their mission is to ensure these individuals have a secure and comfortable living environment, offering them the necessary support to maintain their independence and quality of life. By providing HUD-subsidized housing, Moogoong Terrace Inc plays a crucial role in the community, ensuring that vulnerable individuals have access to safe and affordable housing.
Impact
This information is meant to be a general summary of Moogoong Terrace Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Moogoong Terrace Inc positively impacts the community by providing HUD-subsidized housing to elderly and handicapped individuals in a 75-unit apartment building in Chicago, IL. Through their operation and management of this facility, they play a crucial role in addressing the housing needs of vulnerable populations, ensuring they have a safe and affordable place to call home. This effort contributes to enhancing the quality of life for those individuals and creating a supportive living environment tailored to their specific needs. The organization's focus on housing aligns with their mission to serve the elderly and handicapped individuals, making a significant difference in their lives.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE
Revenue
$813,954
UNSUBSIDIZED RENT
Revenue
$192,944
Organization Details
Founding Year
1980
Phone
(773) 583-5501
Principal Officer
Arnie Choi
Main Address
4848 N KEDZIE AVE, CHICAGO, IL, 60625
NTEE Category
Code: L210 - Housing
If you are a representative of Moogoong Terrace Inc 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.