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Heartland Mhdc Tower Corporation

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

EIN: 811988281 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Heartland Mhdc Tower Corporation?

Heartland Mhdc Tower Corporation is a not-for-profit organization, specifically chartered as Metropolitan Housing Development Corporation (MHDC), located in Chicago, Illinois. Their primary mission is to develop, own, and manage affordable housing for low-income individuals and senior citizens, with a focus on areas experiencing job growth or in the process of recovery after prolonged neglect or blight. Through their activities, they aim to contribute non-discriminatory housing solutions, promoting social equity and community development. With a small team of two dedicated individuals, Heartland Mhdc Tower Corporation is committed to enhancing living conditions for underserved communities.


Is Heartland Mhdc Tower Corporation legitimate?

Heartland Mhdc Tower Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heartland Mhdc Tower Corporation 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: $64,218

For more financial information, click here


What is the mission statement of Heartland Mhdc Tower Corporation?
Who is the CEO of Heartland Mhdc Tower Corporation?
What is the revenue of Heartland Mhdc Tower Corporation?
Who are the executives of Heartland Mhdc Tower Corporation and what are their salaries?
Where can I find the form 990 for Heartland Mhdc Tower Corporation?

Mission Statement of Heartland Mhdc Tower Corporation

Heartland MHDC Tower Corporation, a not-for-profit organization, is committed to a mission that involves the creation of affordable housing for low-income individuals and minority communities. Ideally, these housing units are situated in areas undergoing job growth or in the process of recovery from prolonged neglect or blight. Additionally, the corporation focuses on providing housing for senior citizens. In essence, Heartland MHDC Tower Corporation's mission is to develop, own, and manage housing that is inclusive and accessible to those in need, ensuring a sense of community and stability for its residents.

Impact

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




Wednesday, July 24, 2024

Heartland Mhdc Tower Corporation's impact can be seen in their dedication to the production of non-discriminatory affordable housing for low-income, minority individuals as well as housing for senior citizens in areas of emerging job growth or in areas that have suffered neglect or blight. Through their activities, they contribute to community improvement by providing much-needed housing options for vulnerable populations and helping to revitalize underserved areas.





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: $20
  • Program Service Revenue: $640,629
  • Gross Receipts: $669,573

    • Assets and Liabilities:
  • Total Assets: $2,313,197
  • Total Liabilities: $2,544,487
  • Net Assets: -$231,290
  • Programs

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

    RENTAL REVENUE

    Revenue

    $640,629

    Organization Details

    Founding Year

    2016

    Principal Officer

    Richard Gonzalez

    Main Address

    8 SOUTH MICHIGAN AVE SUITE 3100, CHICAGO, IL, 60603

    NTEE Category

    Code: S21Z - Community improvement

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