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820 W Belle Plaine Cooperative

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

EIN: 363998606 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is 820 W Belle Plaine Cooperative?

820 W Belle Plaine Cooperative is a nonprofit organization situated in Chicago, Illinois, with a focus on providing affordable housing opportunities for eligible low-income tenants. In line with its mission, the cooperative allows tenants to pay rent based on their financial capabilities, as per HUD guidelines. The main objective of this nonprofit is to ensure that affordable housing is accessible to those who need it most, thereby contributing positively to the community.


Is 820 W Belle Plaine Cooperative legitimate?

820 W Belle Plaine Cooperative is a legitimate nonprofit organization registered as a 501(c)(3) entity. 820 W Belle Plaine Cooperative 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: $383,629

For more financial information, click here


What is the mission statement of 820 W Belle Plaine Cooperative?
Who is the CEO of 820 W Belle Plaine Cooperative?
What is the revenue of 820 W Belle Plaine Cooperative?
Who are the executives of 820 W Belle Plaine Cooperative and what are their salaries?
Where can I find the form 990 for 820 W Belle Plaine Cooperative?

Mission Statement of 820 W Belle Plaine Cooperative

The 820 W Belle Plaine Cooperative is dedicated to providing affordable housing for eligible low-income tenants. This mission is carried out by offering residences at a cost that is proportionate to each tenant's earning capacity, as per the guidelines set by the Department of Housing and Urban Development (HUD). The organization strives to make housing more accessible for individuals with limited financial means, thus contributing to their well-being and stability.

Impact

This information is meant to be a general summary of 820 W Belle Plaine Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

820 W Belle Plaine Cooperative's impact lies in providing affordable housing for eligible low-income tenants in Chicago, Illinois. The project offers a place for individuals to live at a cost that is based on their ability to pay as determined by HUD guidelines. By offering affordable housing options, this cooperative contributes to addressing the housing needs of low-income individuals in the community, thereby enhancing their quality of life and promoting stability.





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: $1,826
  • Program Service Revenue: $2,263,288
  • Gross Receipts: $2,265,114

    • Assets and Liabilities:
  • Total Assets: $6,392,825
  • Total Liabilities: $1,006,745
  • Net Assets: $5,386,080
  • Programs

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

    CARRYING CHARGES

    Revenue

    $1,686,379

    MISCELLANEOUS INCOME

    Revenue

    $18,960

    TENANT ASSISTANCE PAYMENT

    Revenue

    $553,431

    TENANT CHARGES

    Revenue

    $4,518

    Organization Details

    Principal Officer

    Lasun Omotunwashe

    Main Address

    C/O MGMT OFFICE 820 W BELLE PLAINE, CHICAGO, IL, 60613

    NTEE Category

    Code: L50 - Housing

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