Dekalb County Residential Development Corporation

Dekalb County Residential Development Corporation

Dekalb, IL 60115
Tax ID36-3793777

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About this organization

Revenue

$346,553

Expenses

$262,227

Mission

Our exempt purpose is to provide decent, safe and sanitary housing for persons of low income in DeKalb County, IL, through the purchase, construction, management, operation, rental or sale of housing units.

About

The organization provided 26 apartments for the homeless with disabilities and 12 apartments for the mentally disabled homeless. Total rents are based on the HUD approved Housing Voucher Payment Standard. The tenant portion of rent is based on 30 of adjusted gross income. The balance of the rent is paid with a housing assistance subsidy received through the federal governments Shelter Plus Care Grant.

Interesting data from their 2020 990 filing

The filing documents outline the non-profit's mission as “Our exempt purpose is to provide decent, safe and sanitary housing for persons of low income in dekalb county, il, through the purchase, construction, management, operation, rental or sale of housing units. the organization owns and operates three apartment buildings, two 6-unit and one 26-unit, serving homeless persons with disabilities.”.

When detailing its duties, they were outlined as: “Our exempt purpose is to provide decent, safe and sanitary housing for persons of low income in dekalb county, il, through the purchase, construction, management, operation, rental or sale of housing units.”.

  • The non-profit's reported state of operation is IL as per legal requirements.
  • The filing reveals that the address of the non-profit in 2020 is 310 N 6TH ST, DEKALB, IL, 60115.
  • The non-profit's form for the year 2020 reports a total of 0 employees on their payroll.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $100,000 and $250,000.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is $84,326.
  • The CEO compensation policy of the organization is not established through an independent review and approval process.
  • The organization has a written policy that delegates the management duties.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 4 independent voting members.
  • The organization was formed in 1991.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization's financial statements were compiled or reviewed by an accountant.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.

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