THE ORGANIZATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE ACTIVITIES (A) TO ACQUIRE AND HOLD TITLE TO CERTAIN REAL PROPERTY LOCATED AT 135 N. KENZIE, CHICAGO, ILLINOIS 60612 (THE "PROPERTY"); (B) TO BORROWER FUNDS AND IMPROVE THE PROPERTY; (C) TO LEASE THE PROPERTY TO THE HATCHERY MASTER TENANT LLC (THE "MASTER TENANT") AND THE MASTER TENANT WILL IN TURN SUBLEASE THE PROPERTY TO (I) INDUSTRIAL COUNCIL OF NEARWEST CHICAGO AND (II) ALLIES FOR COMMUNITY BUSINESS; (D) TO COLLECT INCOME FROM THE MASTER TENANT FOR THE PROPERTY; (E) TO PAY CERTAIN EXPENSES FOR THE PROPERTY INCLUDING DEBT SERVICE AND APPROPRIATE RESERVES; AND (F) TO REMIT THE ENTIRE AMOUNT OF SUCH INCOME IN ANNUAL DISTRIBUTIONS, LESS SUCH EXPENSES, TO ITS MEMBERS, WHICH SHALL ALL BE ILLINOIS NONPROFIT PUBLIC BENEFIT CORPORATIONS RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE CODE.
Reported officers (all unpaid)
No paid executives reported in 2024. THE HATCHERY TITLE HOLDING CORPORATION NFP reported 7 unpaid officers and board members on its 990.
Revenue and expenses over time
THE HATCHERY TITLE HOLDING CORPORATION NFP reported revenue and expenses across 2 filing years.
What Community Improvement & Capacity Building executives earn in Illinois
THE HATCHERY TITLE HOLDING CORPORATION NFP reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in Illinois earns a median of $71,702.
These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 98 organizations across 98 filings (2021 – 2023).
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