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Nhs Redevelopment Corporation

Nhs Redevelopment Corporation

Chicago, IL 60622
Tax ID36-3014600

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About this organization

Revenue

$4,132,801

Expenses

$5,896,283

Website

nhschicago.org

Mission

Strengthen neighborhoods and provide high-quality, affordable housing opportunities for low- and moderate-income families by developing properties throughout the city of Chicago.

About

NHSRC develops and preserves single-family housing and owns a rental housing portfolio. As a non-profit developer and partner, NHSRC has helped create and develop more than 425 units of affordable rental housing for senior citizens living in the Roseland, South Chicago, and Wrightwood neighborhoods. NHSRC's related entity partnerships own a portfolio of 295 multi-unit and 17 single-family properties. NHSRC secures vacant properties to be later used in its effort to stabilize neighborhoods by rehabbing homes and affordably selling them to homeowner-occupants.

Interesting data from their 2020 990 filing

The filing clearly states the mission of the non-profit as “Nhsrc, through its affiliation with its parent organization, neighborhood housing services of chicago (nhs), strengthens neighborhoods and provides high-quality, affordable housing opportunities for low- and moderate-income families by redeveloping and preserving distressed properties throughout the city of chicago. nhsrc buys, rehabilitates and sells single-family homes, and works with the housing court to stabilize distressed properties in order to improve neighborhood safety and increase the availability of high-quality, affordable housing in targeted neighborhoods.”.

When outlining its functions, they were explained as: “Strengthen neighborhoods and provide high-quality, affordable housing opportunities for low- and moderate-income families by developing properties throughout the city of chicago.”.

  • In compliance with legal regulations, the non-profit has reported their state of operation as IL.
  • The filing records the non-profit's address for 2020 as 1979 N MILWAUKEE AVENUE, CHICAGO, IL, 60622.
  • As of 2020, the non-profit's form reports a total of 0 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$1,763,482.
  • The organization has 8 independent voting members.
  • The organization was formed in 1979.
  • The organization pays $343,463 in salary, compensation, and benefits to its employees.
  • The organization pays $27,938 in fundraising expenses.

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