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Gideon Court Resident Council

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

EIN: 364163743 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Gideon Court Resident Council?

Gideon Court Resident Council is a nonprofit organization based in Chicago, Illinois, specifically at 5618 N Milwaukee Avenue, that manages and operates Gideon Court Apartments, a 150-unit housing development in Dekalb, Illinois. The organization provides affordable housing for low and moderate-income individuals, operating under the guidance of the U.S. Department of Housing and Urban Development (HUD). The council's mission is to ensure the effective and efficient management of the project, with all expenses related to its operation being considered program expenses. The council's primary focus is on the welfare of its residents and the successful operation of Gideon Court Apartments.


Is Gideon Court Resident Council legitimate?

Gideon Court Resident Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gideon Court Resident Council 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: $335,840

For more financial information, click here


What is the mission statement of Gideon Court Resident Council?
Who is the CEO of Gideon Court Resident Council?
What is the revenue of Gideon Court Resident Council?
Who are the executives of Gideon Court Resident Council and what are their salaries?
Where can I find the form 990 for Gideon Court Resident Council?

Mission Statement of Gideon Court Resident Council

Gideon Court Resident Council is committed to providing affordable housing for individuals with low to moderate incomes. They accomplish this mission by operating Gideon Court Apartments, a 150-unit housing project that receives financial assistance under HUD programs. The organization operates and regulates this development with the goal of making housing accessible for those in need, ensuring that all expenditures related to the project are considered program expenses. In essence, Gideon Court Resident Council strives to make a significant impact in the lives of those who require affordable housing, contributing to their well-being and overall quality of life.

Impact

This information is meant to be a general summary of Gideon Court Resident Council. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Gideon Court Resident Council's impact is significant in providing affordable housing for low to moderate-income individuals in DeKalb, Illinois. Through the operation of Gideon Court Apartments, a 150-unit HUD assisted project, the organization offers a crucial resource for individuals in need of affordable housing options. By managing the complex under HUD regulations and ensuring that all expenses are directed towards the operation and maintenance of the project, the Resident Council plays a vital role in addressing the housing needs of the community. The organization's focus on providing affordable housing aligns with its mission to support individuals with limited financial resources, ultimately contributing to the overall well-being and stability of the residents it serves.





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 2023.

  • Investment Income: $20,522
  • Program Service Revenue: $2,264,428
  • Gross Receipts: $2,284,950

    • Assets and Liabilities:
  • Total Assets: $10,736,911
  • Total Liabilities: $10,280,347
  • Net Assets: $456,564
  • Programs

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

    TENANT ASSISTANCE PAYMENT

    Revenue

    $1,763,043

    TENANT RENTAL INCOME

    Revenue

    $484,647

    VENDING AND RESIDENT FEES

    Revenue

    $16,738

    Organization Details

    Founding Year

    1994

    Principal Officer

    Christine Mclaughlin

    Main Address

    C/O LMCI 5618 N MILWAUKEE AVENUE, CHICAGO, IL, 60646

    NTEE Category

    Code: L20Z - Housing

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