Overview
What is Chittenden Housing Corporation?
Chittenden Housing Corporation is a nonprofit organization dedicated to providing affordable housing for individuals with modest incomes. They have successfully renovated and managed two complexes: a 19-unit apartment building and a 101-unit residential property, offering these spaces as homes for those in need. Beyond their residential endeavors, Chittenden Housing Corporation also extends its support to local community organizations and a municipal government entity, providing them with financial grants to further their own missions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
Chittenden Housing Corporation has received a Two-Star rating from Charity Navigator, indicating some concerns regarding the organization's overall accountability and financial practices. While the organization excels with a fully independent board and demonstrates robust financial audit practices, it faces significant challenges in transparency, as indicated by several missing policies and disclosures on its website.
The organization shows strengths in governance, with 100% independent board members and effective oversight on financial auditing. However, the lack of key policies, such as a conflict of interest policy and a whistleblower policy, raises questions about its commitment to transparency and ethical practices. Furthermore, the financial metrics reveal that its liabilities exceed its assets, which may be a red flag for potential sustainability.
Overall, while Chittenden Housing Corporation effectively manages certain aspects of its operations, the weaknesses in transparency and financial health suggest that potential donors and supporters should exercise caution and seek further information before involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Chittenden Housing Corporation legitimate?
Chittenden Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chittenden Housing Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,921
For more financial information, click here
What is the mission statement of Chittenden Housing Corporation?
Chittenden Housing Corporation serves as a non-profit organization dedicated to providing housing solutions for individuals with moderate and low incomes. They have undertaken the renovation and management of two properties, offering affordable living spaces to eligible tenants. Beyond housing, the corporation also extends financial support to local community service organizations and a municipal government body, aligning with their mission to contribute positively to their community.
Who is the CEO of Chittenden Housing Corporation?
Deonne Beaulieu is the President of Chittenden Housing Corporation.
What is the revenue of Chittenden Housing Corporation?
Chittenden Housing Corporation's revenue in 2022 was $1,650,439.
Who are the executives of Chittenden Housing Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chittenden Housing Corporation?
Chittenden Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chittenden Housing Corporation
Chittenden Housing Corporation, as a non-profit organization, is dedicated to providing affordable housing solutions for individuals and families with low to moderate income levels. This mission is carried out through the acquisition and renovation of residential properties, such as a 19-unit apartment complex and a 101-unit housing complex. The corporation then leases these units to eligible tenants, ensuring they have access to safe and comfortable living spaces at affordable prices.
Beyond offering affordable housing, Chittenden Housing Corporation also extends its support to other non-profit organizations and local municipal governments. It provides grants to these entities, enabling them to further their own missions and contribute to the community. This proactive approach to community development underscores Chittenden Housing Corporation's commitment to improving living conditions and fostering a sense of community among its residents and the wider community.
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Impact
July, 2024
Chittenden Housing Corporation's impact can be seen in its provision of affordable housing for low to moderate income individuals in Winooski, VT. By acquiring and renovating a 19 unit apartment complex and a 101 unit residential complex, the organization has created stable housing options for those in need. Additionally, Chittenden Housing Corporation's grants to nonprofit community service organizations and local municipal government further support their mission of promoting access to affordable housing for all.
This information is meant to be a general summary of Chittenden Housing Corporation. 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: $337
- Program Service Revenue: $1,640,645
- Gross Receipts: $1,650,439
Assets and Liabilities:
- Total Assets: $4,116,347
- Total Liabilities: $4,288,516
- Net Assets: -$172,169
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$1,004,322
RENTAL INCOME
Revenue
$636,323
Organization Details
Founding Year
1993
Phone
(802) 655-2360Principal Officer
Deonne Beaulieu
Main Address
CO WINOOSKI HOUSING AUTHORITY 83B, WINOOSKI, VT, 05404
NTEE Category
Code: L20Z - Housing
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