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Affordable Housing Preservation Foundation

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

EIN: 742308721 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Affordable Housing Preservation Foundation?

The Affordable Housing Preservation Foundation is a nonprofit organization dedicated to providing housing solutions for individuals in need. Based in Chicago, Illinois, their mission is to construct and operate facilities for the elderly, handicapped, or individuals of low and moderate income, on a charitable basis. Their primary activity involves the development, construction, and operation of affordable housing units, aiming to make a positive impact on the community.


Is Affordable Housing Preservation Foundation legitimate?

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

Mission Statement of Affordable Housing Preservation Foundation

The Affordable Housing Preservation Foundation is a charitable organization with a mission to sponsor and facilitate the purchase, development, construction, and operation of housing facilities and services for individuals who are elderly, handicapped, or fall within the category of low and moderate income. This nonprofit operates on a philanthropic basis, dedicating its resources to the betterment of these communities by providing them with essential housing solutions. The Affordable Housing Preservation Foundation focuses on low-income housing, aiming to make a positive impact in the lives of those who require it the most.

Impact

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




Wednesday, July 24, 2024

Affordable Housing Preservation Foundation's impact can be seen through its construction and operation of housing facilities and services for the elderly, handicapped, and individuals of low and moderate income. By sponsoring these initiatives on a charitable basis, the foundation plays a vital role in providing affordable housing options in Chicago, IL. Their focus on low-income housing reflects a commitment to addressing the housing needs of vulnerable populations and ensuring access to safe and secure housing options. Through their mission-driven approach, the foundation contributes to creating a more inclusive and supportive community for those in need of affordable housing solutions.





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: $441,077
  • Program Service Revenue: $142,705
  • Gross Receipts: $583,782

    • Assets and Liabilities:
  • Total Assets: $28,414,176
  • Total Liabilities: $687,459
  • Net Assets: $27,726,717
  • Programs

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

    RENTAL LOSS-WINCONNA K-1

    Revenue

    $-4,771

    RENTAL INCOME-GERMANO MILLGATE K-1

    Revenue

    $147,476

    Organization Details

    Principal Officer

    Clifford Rome

    Main Address

    2850 SOUTH MICHIGAN AVE, CHICAGO, IL, 60616

    NTEE Category

    Code: L210 - Housing

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