Overview
What is 18th & Wabash Corp?
18th & Wabash Corp is a nonprofit organization, established in Illinois on August 24, 1995, primarily focused on providing affordable housing for individuals with low to moderate income. The organization, headquartered in Chicago, Illinois, operates under the Federal Home Investment Partnership Program, having received funds from the City of Chicago in the form of a mortgage loan. Their project, known as the Studios, comprises 170 units, all situated in Chicago. The main mission of 18th & Wabash Corp. is to construct and manage this affordable housing project, aiming to cater to the needs of individuals who might otherwise struggle to secure suitable living accommodations.
Is 18th & Wabash Corp legitimate?
18th & Wabash Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. 18th & Wabash Corp 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: $0
For more financial information, click here
What is the mission statement of 18th & Wabash Corp?
18th & Wabash Corp was established with a mission to provide affordable housing for individuals with low and moderate income. The corporation was formed with the primary purpose of constructing and operating a Single Residency Occupancy (SRO) housing project. The project, consisting of 170 units, is designed to cater to the housing needs of this specific income group. The corporation's operations fall under the Federal Home Investment Partnership Program, receiving funding through the City of Chicago Department of Housing in the form of a mortgage loan. The project, commonly known as The Studios, is located in Chicago, Illinois.
Who is the CEO of 18th & Wabash Corp?
Douglas B Ross is the President of 18th & Wabash Corp.
What is the revenue of 18th & Wabash Corp?
18th & Wabash Corp's revenue in 2022 was $957,819.
Who are the executives of 18th & Wabash Corp and what are their salaries?
- Douglas Ross (President) [Trustee/Director]
- Jackie Pingel (Director)
- Jay Tremblay (Treasurer & Vp) [Trustee/Director]
- Monique Patterson (Secretary) [Trustee/Director]
Where can I find the form 990 for 18th & Wabash Corp?
The 18th & Wabash Corp’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of 18th & Wabash Corp
18th & Wabash Corp was established with a mission to provide affordable housing for individuals with low and moderate incomes. Originally organized as an Illinois nonstock, nonprofit corporation in 1995, this corporation's primary purpose was to construct and operate a Single Residence Occupancy (SRO) rental housing project. The project, known as The Studios, consists of 170 units located in Chicago, Illinois, and was funded in part by a mortgage loan from the City of Chicago Department of Housing. By offering affordable housing options, 18th & Wabash Corp aims to contribute to the well-being of its residents, providing them with a suitable living space that fits within their financial means.
Impact
This information is meant to be a general summary of 18th & Wabash Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
18th & Wabash Corp's impact lies in providing affordable housing for low and moderate-income individuals in Chicago, Illinois. The organization was specifically formed to construct and operate a 170-room Single Residency Occupancy (SRO) housing project. By offering these affordable housing options, 18th & Wabash Corp plays a crucial role in addressing the housing needs of vulnerable populations in the city. Their mission to provide stable and affordable housing helps enhance the quality of life for individuals and families who may struggle to access suitable housing options in the expensive urban environment of Chicago.
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 RENT REVENUE
Revenue
$687,466
RESIDENT ASSISTANCE PA
Revenue
$238,745
AUXILLARY SERVICES
Revenue
$21,305
TENANT CHARGES
Revenue
$10,292
Organization Details
Founding Year
1995
Phone
(312) 421-0588
Principal Officer
Douglas B Ross
Main Address
1801 S WABASH, CHICAGO, IL, 60616
NTEE Category
Code: L21 - Housing
If you are a representative of 18th & Wabash Corp 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.