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Qumbya Inc

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

EIN: 383125525 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Qumbya Inc?

Qumbya Inc is a nonprofit organization situated in Chicago, Illinois, specifically at 5225 S Blackstone Avenue. The primary mission of this organization is to offer housing solutions for individuals with limited financial means. They achieve this goal through cooperative housing, which empowers residents to participate in managing their living spaces and fostering a sense of community. Qumbya Inc's activities are centered around providing affordable and sustainable housing options, promoting social interaction, and creating a supportive environment for its low-income residents.


Is Qumbya Inc legitimate?

Qumbya Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Qumbya Inc 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 Qumbya Inc?
Who is the CEO of Qumbya Inc?
What is the revenue of Qumbya Inc?
Who are the executives of Qumbya Inc and what are their salaries?
Where can I find the form 990 for Qumbya Inc?

Mission Statement of Qumbya Inc

Qumbya Inc, as a nonprofit organization, is dedicated to providing housing solutions for individuals with low income. They achieve this mission through cooperative housing, a unique approach that empowers residents to share responsibilities and costs in managing their living spaces. By fostering a sense of community and shared responsibility, Qumbya Inc aims to provide affordable and sustainable housing options for those who may not otherwise have access to such resources. This mission is a testament to Qumbya Inc's commitment to social justice and equality, ensuring that everyone has a safe and stable home.

Impact

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




Wednesday, July 24, 2024

Qumbya Inc's impact is significant in CHICAGO, IL, as it provides crucial housing assistance to low-income residents through cooperative housing initiatives. This not only addresses the pressing issue of affordable housing but also fosters community engagement and empowerment by offering residents a sense of ownership and stability in their living situations. Qumbya Inc's work goes beyond mere housing provision, creating a positive ripple effect that contributes to the well-being of both individuals and the community at large.





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: $0
  • Program Service Revenue: $554,679
  • Gross Receipts: $554,679

    • Assets and Liabilities:
  • Total Assets: $97,419
  • Total Liabilities: $33,629
  • Net Assets: $63,790
  • Programs

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

    Occupancy income

    Revenue

    $408,344

    Food Group

    Revenue

    $145,155

    Dues

    Revenue

    $810

    A/C Fees

    Revenue

    $539

    Other related income

    Revenue

    $-2,919

    Organization Details

    Founding Year

    2009

    Principal Officer

    Emma Mcduff

    Main Address

    5225 S Blackstone Avenue, Chicago, IL, 606154105

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Qumbya Inc 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.