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Crystal Lake Preservation Corporation

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

EIN: 363924095 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Crystal Lake Preservation Corporation?

Crystal Lake Preservation Corporation is a nonprofit organization situated in Chicago, Illinois. The primary focus of this organization is to provide safe, clean, and hygienic rental housing for individuals and families with moderate to low incomes. In 2022, they served 91 families by offering accommodation in their apartment complex located in Crystal Lake, Illinois. The sponsor of this project is Hispanic Housing Development Corporation, another nonprofit organization known for its work in affordable housing. The mission of Crystal Lake Preservation Corporation aligns with their activities, ensuring that low-income families have access to suitable living conditions.


Is Crystal Lake Preservation Corporation legitimate?

Crystal Lake Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crystal Lake Preservation 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: $122,328

For more financial information, click here


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

Mission Statement of Crystal Lake Preservation Corporation

Crystal Lake Preservation Corporation, a nonprofit organization, is dedicated to providing safe, decent, and sanitary rental housing for individuals and families with low and moderate incomes. The corporation's mission is centered around ensuring that its tenants have access to living conditions that meet basic standards of hygiene and comfort. In 2022, they served 91 families, demonstrating their commitment to this cause. The sponsor of this project is Hispanic Housing Development Corporation, another nonprofit organization that shares similar goals.

Impact

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




Thursday, August 15, 2024

The impact of the Crystal Lake Preservation Corporation is significant in providing safe, decent, and sanitary rental housing for low and moderate-income tenants in Crystal Lake, Illinois. With 91 families served in 2022, this organization plays a crucial role in ensuring that individuals and families have a stable and affordable place to live. Their mission to address housing needs for vulnerable populations contributes to a more inclusive and equal community where everyone has access to decent housing options.





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: $31
  • Program Service Revenue: $1,002,372
  • Gross Receipts: $1,005,639

    • Assets and Liabilities:
  • Total Assets: $2,656,170
  • Total Liabilities: $3,708,291
  • Net Assets: -$1,052,121
  • Programs

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

    RENTAL INCOME

    Revenue

    $994,811

    LAUNDRY INCOME

    Revenue

    $6,740

    TENANT CHARGES

    Revenue

    $821

    Organization Details

    Founding Year

    1993

    Principal Officer

    Hipolito Roldan

    Main Address

    325 N WELLS 8TH FLOOR, CHICAGO, IL, 60654

    NTEE Category

    Code: L80Z - Housing

    If you are a representative of Crystal Lake Preservation 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.