Overview
What is Courtyard Affordable Housing Corp C/O C&C Realty Management?
Courtyard Affordable Housing Corp C/O C&C Realty Management is a nonprofit organization situated in Augusta, Maine. Their primary mission is to provide low-income housing tailored to the unique needs of eligible residents, as per the guidelines set by the U.S. Department of Housing and Urban Development. They offer 69 such units, ensuring that the residents can reside in clean, safe, and decent apartments. The organization maintains a high occupancy rate, with an estimated 90% or more of the units being inhabited. To secure a unit, potential tenants must meet specific income and household requirements, as dictated by HUD.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Courtyard Affordable Housing Corp C/O C&C Realty Management received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational aspects. The organization excels in accountability and finance, scoring a perfect 100% in this area, which reflects strong governance practices, including an independent board and effective oversight of financial statements. However, despite these strengths, there are significant shortcomings in transparency and policy implementation.
The nonprofit has several missing policies, including conflict of interest and whistleblower policies, which are crucial for maintaining accountability and trust. Additionally, there are deficiencies in documenting and publicly posting tax forms, which detracts from the organization's transparency to stakeholders. The liabilities to assets ratio is notably high at 122.82%, raising concerns about the financial stability and sustainability of the organization.
While Courtyard Affordable Housing Corp shows a commendable program expense ratio of 86.05%, indicating that a considerable portion of its expenditures is directed towards its mission-related activities, the lack of essential policies and documentation could hinder its credibility and reputation. Addressing these weaknesses is essential for improving overall performance and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Courtyard Affordable Housing Corp C/O C&C Realty Management legitimate?
Courtyard Affordable Housing Corp C/O C&C Realty Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Courtyard Affordable Housing Corp C/O C&C Realty Management 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Courtyard Affordable Housing Corp C/O C&C Realty Management?
Courtyard Affordable Housing Corp, managed by C&C Realty Management, is dedicated to providing low-income housing that caters to the unique needs of eligible residents, as defined by the U.S. Department of Housing and Urban Development. Their mission is to make decent, safe, and clean apartments available for these individuals, ensuring an estimated occupancy rate of over 90%. To reside in these units, prospective tenants must meet certain income and household requirements established by HUD.
What is the revenue of Courtyard Affordable Housing Corp C/O C&C Realty Management?
Courtyard Affordable Housing Corp C/O C&C Realty Management's revenue in 2023 was $722,489.
Who are the executives of Courtyard Affordable Housing Corp C/O C&C Realty Management and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Courtyard Affordable Housing Corp C/O C&C Realty Management?
Courtyard Affordable Housing Corp C/O C&C Realty Management's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Courtyard Affordable Housing Corp C/O C&C Realty Management
Courtyard Affordable Housing Corp C/O C&C Realty Management is committed to providing low-income housing that caters to the unique needs of eligible occupants, as per the guidelines set by the U.S. Department of Housing and Urban Development. The organization's mission is to make available decent, safe, and clean apartments for individuals who meet specific income and household requirements established by HUD. By doing so, Courtyard Affordable Housing Corp C/O C&C Realty Management strives to contribute to the community by offering housing solutions to those who may otherwise struggle to secure suitable living arrangements. With an estimated occupancy of over 90%, the organization successfully provides a home for its residents, ensuring they live in a secure and comfortable environment.
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Impact
July, 2024
Courtyard Affordable Housing Corp C/O C&C Realty Management's impact lies in providing a crucial service of affordable housing tailored to the specific needs of low-income individuals as determined by the U.S. Department of Housing and Urban Development. In Augusta, ME, the organization offers 69 low-income housing units where eligible tenants can live in safe, clean, and decent apartments. With an estimated occupancy rate of over 90%, Courtyard Affordable Housing Corp contributes significantly to addressing the housing needs of vulnerable populations in the area. Residents must meet specific income and household requirements established by HUD to qualify for a unit, ensuring that those most in need are prioritized for assistance. By fulfilling its mission to provide suitable housing for eligible occupants, this organization plays a vital role in supporting individuals and families in accessing stable and affordable housing options.
This information is meant to be a general summary of Courtyard Affordable Housing Corp C/O C&C Realty Management. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,436
- Program Service Revenue: $727,253
- Gross Receipts: $729,689
Assets and Liabilities:
- Total Assets: $3,010,684
- Total Liabilities: $3,697,834
- Net Assets: -$687,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$727,253
Organization Details
Founding Year
1945
Principal Officer
Kevin J Glynn
NTEE Category
Code: L99Z - Housing
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