Overview
What is Community Housing Of Maine Inc?
Community Housing of Maine Inc., situated in Portland, Maine, is a dedicated nonprofit organization. Its primary mission is to develop and manage affordable housing for disadvantaged individuals within the state. With a team of 15 committed employees, the organization goes beyond just providing housing. It focuses on serving low-income individuals, ensuring they have access to a secure living space. The organization's activities extend beyond the borders of its headquarters, aiming to make a positive impact on the lives of those in need.
Official website here: www.chomhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Community Housing Of Maine Inc has received a Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scores particularly well on its governance, with a fully independent board and comprehensive financial oversight measures, indicating a high level of transparency and responsible management.
The charity's financial metrics show a solid program expense ratio of 68.65%, suggesting that a significant portion of its expenditures goes directly towards its mission. Additionally, there are no reported material diversions of assets, which reinforces the organization’s reliability in handling funds. However, the liabilities to assets ratio at 62.34% points to some level of financial obligation that may require monitoring in the future.
While the organization demonstrates a strong ethical framework with policies in place for conflict of interest and whistleblower protections, some users may note the relatively high salaries for key personnel compared to the overall financial picture. Overall, Community Housing Of Maine Inc appears to be a trustworthy charity focused on its mission, with room for improvement in its financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Of Maine Inc legitimate?
Community Housing Of Maine Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Of Maine Inc 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:
Executive Compensation: $168,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $673,767
For more financial information, click here
Official website here: www.chomhousing.org
What is the mission statement of Community Housing Of Maine Inc?
Community Housing of Maine Inc. is committed to developing and providing housing solutions for low-income and disadvantaged individuals. Their mission is centered around creating housing opportunities within Maine, aiming to cater to those who are economically disadvantaged. The organization actively manages low-income housing units, ensuring that these resources are readily available for those in need.
Official website here: www.chomhousing.org
Who is the CEO of Community Housing Of Maine Inc?
Chris Harmon is the President of Community Housing Of Maine Inc.
Official website here: www.chomhousing.org
What is the revenue of Community Housing Of Maine Inc?
Community Housing Of Maine Inc's revenue in 2022 was $5,850,928.
Official website here: www.chomhousing.org
Who are the executives of Community Housing Of Maine Inc and what are their salaries?
The average compensation at Community Housing Of Maine Inc during 2022 was $56,178. There are 15 employees at Community Housing Of Maine Inc.
Here are 18 key members and their salaries:
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Official website here: www.chomhousing.org
Where can I find the form 990 for Community Housing Of Maine Inc?
Community Housing Of Maine Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chomhousing.org
Learn more at the official website: www.chomhousing.org
Mission Statement of Community Housing Of Maine Inc
Community Housing of Maine Inc, as a dedicated organization, focuses on developing and providing housing solutions for low-income and disadvantaged individuals. With a strong commitment to its mission, the organization works tirelessly to create and manage affordable housing options within the state of Maine. By doing so, it aims to contribute positively to the lives of those who may be facing challenges in securing suitable living accommodations. The organization's primary objective is to ensure that low-income and disadvantaged individuals have access to safe, decent, and affordable housing, thereby improving their overall quality of life.
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Impact
July, 2024
Community Housing of Maine Inc's impact is significant in providing affordable housing options for low-income and disadvantaged individuals in the state of Maine. By developing and managing low-income housing units, the organization plays a crucial role in addressing homelessness and improving the quality of life for vulnerable populations. Their work directly contributes to creating stable and supportive communities, fostering a sense of security and belonging for those in need. Through their mission-driven approach, Community Housing of Maine Inc is instrumental in promoting social equity and helping individuals access safe and affordable housing options.
This information is meant to be a general summary of Community Housing Of Maine Inc. 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 2022.
- Investment Income: $2,706
- Program Service Revenue: $4,618,884
- Gross Receipts: $5,850,928
Assets and Liabilities:
- Total Assets: $37,179,141
- Total Liabilities: $22,954,934
- Net Assets: $14,224,207
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REFUNDABLE HISTORIC TA
Revenue
$2,468,513
RENTAL INCOME
Revenue
$1,830,521
DEVELOPMENT FEES
Revenue
$185,000
INCOME FROM PROJECT IN
Revenue
$120,116
MISCELLANEOUS
Revenue
$14,734
Organization Details
Founding Year
1993
Phone
(207) 879-0347Principal Officer
Chris Harmon
Main Address
ONE CITY CENTER 4TH FLOOR, PORTLAND, ME, 04101
Website
www.chomhousing.orgNTEE Category
Code: L21Z - Housing
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