Cal-Met Development Inc

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

EIN: 363301763 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Cal-Met Development Inc?

Cal-Met Development Inc is a nonprofit organization situated in Chicago, Illinois, with a specific focus on providing affordable housing for elderly and disabled individuals. Their mission is accomplished through a 76-unit housing project known as Cal-Met Village Apartments. This project aims to offer a suitable living environment for this particular demographic, ensuring they can maintain a dignified and comfortable lifestyle.


Is Cal-Met Development Inc legitimate?

Cal-Met Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cal-Met Development 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: $205,800

For more financial information, click here


What is the mission statement of Cal-Met Development Inc?
Who is the CEO of Cal-Met Development Inc?
What is the revenue of Cal-Met Development Inc?
Who are the executives of Cal-Met Development Inc and what are their salaries?
Where can I find the form 990 for Cal-Met Development Inc?

Mission Statement of Cal-Met Development Inc

Cal-Met Development Inc, a nonprofit organization, is dedicated to providing affordable housing for elderly and disabled individuals. Their mission is realized through the construction and operation of Cal-Met Village Apartments, a 76-unit housing project. This project aims to offer a comfortable living space for those who may face financial challenges, ensuring that they can maintain their independence and dignity. By providing affordable housing, Cal-Met Development Inc contributes to the well-being of its residents, enabling them to focus on their daily lives and overall quality of life.

Impact

This information is meant to be a general summary of Cal-Met Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Cal-Met Development Inc's impact can be seen in its mission to provide elderly and disabled individuals with affordable housing. Through the Cal-Met Village Apartments project in Chicago, Illinois, the organization has created a space where these vulnerable populations can access safe and suitable housing options. By offering affordable housing options for those in need, Cal-Met Development Inc contributes to improving the quality of life and ensuring the well-being of elderly and disabled individuals in the community.





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: $93
  • Program Service Revenue: $1,485,255
  • Gross Receipts: $1,496,890

    • Assets and Liabilities:
  • Total Assets: $2,119,574
  • Total Liabilities: $4,079,486
  • Net Assets: -$1,959,912
  • Programs

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

    HAP BILLINGS

    Revenue

    $1,204,763

    TENANT RENT

    Revenue

    $280,492

    Organization Details

    Founding Year

    1988

    Principal Officer

    Gary Brooks

    Main Address

    4101 SOUTH CALUMET AVE, CHICAGO, IL, 60653

    NTEE Category

    Code: L21 - Housing

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