Good News Partners

Organization Overview

Good News Partners is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 08/2023, Good News Partners employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good News Partners is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2023, Good News Partners generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.7m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATING EXPENSES FOR 64 UNIT HOTEL, 1 CO-OP BUILDING, 3 APARTMENT BUILDINGS AND ONE WOMEN'S SHELTER. SERVING LOW INCOME INDIVIDUALS AND FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Stringer
Board Chair
$0
Steve Greenhow
Vice Chair
$0
Arthur Bud Ogle
President-Emeritus
$0
Gary Thompson
Treasurer
$0
Timothy Williams
Director
$0
Jerome Hopkins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $505,798
All other contributions, gifts, grants, and similar amounts not included above$350,249
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$856,047
Total Program Service Revenue$810,393
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,670,331

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