Koram Senior Housing Corporation

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

EIN: 363314048 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Koram Senior Housing Corporation?

Koram Senior Housing Corporation is a nonprofit organization situated in Chicago, Illinois, with a specific focus on providing affordable housing for the elderly and handicapped. They operate and manage a 60-unit apartment building, which is subsidized by HUD. Their mission is to ensure that these vulnerable individuals have access to comfortable living arrangements. With a team of 7 dedicated employees, they strive to maintain the building's facilities and offer a supportive environment for its residents. The corporation's primary objective is to enhance the quality of life for these individuals by providing them with a safe and secure living space.


Is Koram Senior Housing Corporation legitimate?

Koram Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Koram Senior Housing 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: $231,915

For more financial information, click here


What is the mission statement of Koram Senior Housing Corporation?
Who is the CEO of Koram Senior Housing Corporation?
What is the revenue of Koram Senior Housing Corporation?
Who are the executives of Koram Senior Housing Corporation and what are their salaries?
Where can I find the form 990 for Koram Senior Housing Corporation?

Mission Statement of Koram Senior Housing Corporation

Koram Senior Housing Corporation is dedicated to managing an apartment building that offers subsidized housing for the elderly and individuals with disabilities. This nonprofit organization is responsible for overseeing a 60-unit complex, providing a home for those who may otherwise struggle with housing affordability. By offering HUD-subsidized housing, Koram Senior Housing Corporation plays a crucial role in ensuring that the elderly and handicapped population has access to safe and affordable living accommodations. The corporation's mission is to operate and manage this apartment building effectively, ensuring that its residents receive the support they need to live comfortably and independently.

Impact

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




Thursday, August 15, 2024

Koram Senior Housing Corporation plays a vital role in providing affordable housing for the elderly and handicapped individuals in Chicago, Illinois. By managing a 60-unit apartment building that offers HUD-subsidized housing, Koram Senior Housing Corporation directly impacts the lives of those who may struggle to find safe and suitable housing options. Their work ensures that vulnerable populations have access to a supportive and affordable living environment, promoting independence and dignity among the elderly and handicapped in the community. Through their focused mission, Koram Senior Housing Corporation contributes positively to the well-being of individuals who rely on their services for essential housing needs.





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: $199
  • Program Service Revenue: $881,759
  • Gross Receipts: $883,152

    • Assets and Liabilities:
  • Total Assets: $1,410,194
  • Total Liabilities: $2,619,593
  • Net Assets: -$1,209,399
  • Programs

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

    TENANT ASSISTANCE

    Revenue

    $682,146

    RENT, TENANTS

    Revenue

    $199,613

    Organization Details

    Founding Year

    1982

    Principal Officer

    Arnie Choi

    Main Address

    4444 N HARDING AVE, CHICAGO, IL, 60625

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Koram Senior Housing Corporation 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.