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Generations Housing Initiatives

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

EIN: 811349143 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Generations Housing Initiatives?

Generations Housing Initiatives (GHI) is a nonprofit organization situated in Chicago, Illinois. Its primary mission is to enhance the lives of low-income residents living in affordable housing. GHI offers a range of services tailored specifically to two groups: senior citizens aged 55 and above with a household income not exceeding 80% of the area median income, and low-income families. GHI collaborates with affordable housing owners, operators, and developers to develop strategies for preserving and constructing new affordable housing, ensuring these services are provided at no cost to the involved individuals and families.


Is Generations Housing Initiatives legitimate?

Generations Housing Initiatives is a legitimate nonprofit organization registered as a 501(c)(3) entity. Generations Housing Initiatives 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: $538,225

For more financial information, click here


What is the mission statement of Generations Housing Initiatives?
Who is the CEO of Generations Housing Initiatives?
What is the revenue of Generations Housing Initiatives?
Who are the executives of Generations Housing Initiatives and what are their salaries?
Where can I find the form 990 for Generations Housing Initiatives?

Mission Statement of Generations Housing Initiatives

Generations Housing Initiatives, a nonprofit organization, is committed to enhancing the lives of low-income residents living in affordable housing. Their mission is to provide a multitude of services tailored to improve the quality of life for these individuals. The organization divides its efforts into two distinct categories: services for low-income senior citizens and services for low-income families. Senior citizens, defined as individuals aged 55 and above with a household income not exceeding 80% of the area median income, are a primary focus. Generations Housing Initiatives collaborates with various affordable housing providers to devise strategies for preserving existing housing and developing new affordable housing units. All services provided by the organization are free of charge for the individuals and families they serve.

Impact

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




Saturday, July 20, 2024

Generations Housing Initiatives, based in Chicago, IL, has a significant impact on low-income residents of affordable housing by providing a variety of services aimed at improving their quality of life. They work tirelessly to assist residents of public housing and other affordable housing programs, offering programming specifically tailored to low-income senior citizens and families. Their initiatives help individuals and families in need without any financial burden, ensuring that those most vulnerable in our communities have access to vital resources and support. Through their collaborations with affordable housing owners, operators, and developers, Generations Housing Initiatives plays a crucial role in preserving existing affordable housing and working towards the creation of new affordable housing opportunities.





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: $36,340
  • Program Service Revenue: $773,150
  • Gross Receipts: $904,140

    • Assets and Liabilities:
  • Total Assets: $6,143,000
  • Total Liabilities: $6,062,175
  • Net Assets: $80,825
  • Programs

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

    Resident Services

    Revenue

    $773,150

    Organization Details

    Founding Year

    2016

    Principal Officer

    Jeffrey Head

    Main Address

    350 West Hubbard Street, Chicago, IL, 60654

    NTEE Category

    Code: L20 - Housing

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