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Elevate Housing Foundation

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

EIN: 821235705 ✦ Lincolnwood, IL ✦ Designated as a 501(c)(3)

Overview

What is Elevate Housing Foundation?

Elevate Housing Foundation is a charitable organization based in Lincolnwood, Illinois, with a mission to alleviate poverty and distress by providing safe, decent, and sanitary housing for low to moderate-income seniors and families. They offer subsidized housing, which may also be subsidized by HUD or other governmental programs, ensuring that housing remains affordable. The organization adheres to the standards set forth for nonprofit affordable housing in Rev. Proc 96-32. Elevate Housing Foundation strives to make a difference in the community by addressing the housing needs of those in need.


Is Elevate Housing Foundation legitimate?

Elevate Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elevate Housing 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: $13,592,990

For more financial information, click here


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

Mission Statement of Elevate Housing Foundation

Elevate Housing Foundation, a charitable organization, is dedicated to making a difference in the lives of seniors and families in need by providing them with safe, decent, and sanitary housing that is affordable. The foundation goes beyond just offering subsidized housing through programs like HUD or other governmental initiatives, but ensures that occupancy in its housing remains in line with the standards set for nonprofit affordable housing as outlined in Rev. Proc 96-32.

In simple terms, Elevate Housing Foundation exists to alleviate the struggles of the less fortunate by offering them a stable and secure place to call home. Its mission is geared towards providing relief to the poor and distressed, offering them a chance to live in safe and sanitary conditions, free from the burdens of exorbitant housing costs. Through its charitable efforts, the foundation is able to extend a helping hand to those in need, making a significant impact on their lives.

The organization's ultimate goal is to provide affordable housing, ensuring that every individual and family who comes to it for help is able to find a place that is not only secure but also a place they can call their own. With a focus on relieving poverty and distress, Elevate Housing Foundation stands as a beacon of hope for those seeking a fresh start, offering them the opportunity to rebuild their lives in a safe and supportive environment.

Impact

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




Thursday, August 15, 2024

Elevate Housing Foundation's impact is significant as it provides safe, decent, and sanitary housing to seniors and families in need of affordable housing. By offering affordable nursing home care and housing for low to moderate income individuals, Elevate is helping relieve the poor and distressed by addressing the critical need for affordable housing. Additionally, the organization's commitment to maintaining occupancy standards in accordance with nonprofit affordable housing guidelines ensures that those in need have access to stable and secure housing options.





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: $24,527,753
  • Gross Receipts: $24,527,753

    • Assets and Liabilities:
  • Total Assets: $32,604,403
  • Total Liabilities: $60,552,413
  • Net Assets: -$27,948,010
  • Programs

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

    Senior Living Facility

    Revenue

    $24,527,753

    Organization Details

    Founding Year

    2017

    Principal Officer

    Ilya Shulman

    Main Address

    7101 N CICERO AVE 200, LINCOLNWOOD, IL, 60712

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Elevate Housing Foundation 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.