Overview
What is Church Community Housing Corporation?
Church Community Housing Corporation is a nonprofit organization situated in Newport, Rhode Island. Its primary mission is to offer housing opportunities for individuals with low and moderate incomes. This is achieved through various means, including the rental of properties, acquisition, rehabilitation, and sale of properties, as well as the development of affordable housing. Currently, the organization has 113 apartments available at affordable rates. In addition, Church Community Housing Corporation is working on eight properties in various stages of rehabilitation, with two sold during the year. Furthermore, the organization is involved in the rehabilitation of two existing and one new affordable housing complexes. Additionally, they have worked on three predevelopment projects that would provide for additional affordable housing. To ensure the affordability of properties sold to low and moderate income persons, the organization retains ownership of the land under a land trust model and sells the building with a ground lease, limiting future sales to income-eligible households. The organization owns 104 parcels of land under the land trust model, demonstrating their long-term commitment to providing affordable housing.
Official website here: www.cchcnewport.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Church Community Housing Corporation has received an overall rating of 87% from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board and has strong financial oversight practices, scoring top marks in categories such as independent board size and material diversion of assets. This reflects a commitment to transparency and effective governance.
Although the nonprofit shows strengths in many areas, there are some limitations to consider. Notably, it lacks a whistleblower policy, which is an important aspect of organizational integrity and protection for those reporting unethical behavior. Furthermore, while the organization's liabilities to assets ratio is relatively healthy at 56.92%, it indicates some level of financial obligation that could be monitored closely.
Despite these areas for improvement, Church Community Housing Corporation demonstrates a high program expense ratio, ensuring that a significant portion of its funding goes directly toward its mission. Overall, the organization is deemed accountable and financially responsible, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Church Community Housing Corporation legitimate?
Church Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Church Community 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: $147,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,019,993
For more financial information, click here
Official website here: www.cchcnewport.org
What is the mission statement of Church Community Housing Corporation?
Church Community Housing Corporation's mission is centered around providing affordable housing opportunities for individuals with low and moderate income levels. Primarily, they achieve this goal by offering financial and technical assistance for home ownership and rental opportunities. The organization operates by providing rental properties, acquiring, rehabilitating, and selling properties, and developing new affordable housing units. Currently, they have 113 apartments available for rent at affordable rates. Additionally, they are working on several properties in various stages of rehabilitation, with two sold during the year. Church Community Housing Corporation is also involved in the development of new affordable housing complexes and works on predevelopment projects to provide additional housing options. To ensure that housing remains affordable for low and moderate income households in the future, the organization retains ownership of the land under a land trust model when selling buildings.
Official website here: www.cchcnewport.org
Who is the CEO of Church Community Housing Corporation?
Christian Belden is the Director of Church Community Housing Corporation.
Official website here: www.cchcnewport.org
What is the revenue of Church Community Housing Corporation?
Church Community Housing Corporation's revenue in 2023 was $5,217,929.
Official website here: www.cchcnewport.org
Who are the executives of Church Community Housing Corporation and what are their salaries?
The average compensation at Church Community Housing Corporation during 2023 was $64,846. There are 18 employees and 9 volunteers at Church Community Housing Corporation.
Here are 9 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cchcnewport.org
Where can I find the form 990 for Church Community Housing Corporation?
Church Community Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cchcnewport.org
Learn more at the official website: www.cchcnewport.org
Mission Statement of Church Community Housing Corporation
Church Community Housing Corporation, a nonprofit organization, is committed to providing housing opportunities for individuals with low and moderate incomes. Their mission primarily revolves around offering affordable housing solutions through financial and technical assistance in both home ownership and rental opportunities. The corporation achieves this goal by renting out properties, acquiring, rehabilitating, and selling properties, and developing new affordable housing complexes. Currently, Church Community Housing Corporation has 113 apartments available for rent at affordable rates. Beyond this, the organization is actively working on various rehabilitation projects, including two existing and one new affordable housing complex. Additionally, they have been involved in three predevelopment projects aimed at providing additional affordable housing options. Church Community Housing Corporation employs a unique land trust model for properties sold to low and moderate income households. Under this model, the organization retains ownership of the land, selling only the building with a ground lease that restricts future sales to individuals and families falling within the income limits for low and moderate income households. The organization's land trust model ensures that the affordable housing remains accessible to those who need it most.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Church Community Housing Corporation's impact is significant in providing housing opportunities for low and moderate-income individuals. With a focus on offering affordable housing through rental properties, property acquisition, rehabilitation, and home ownership opportunities, the organization plays a crucial role in addressing the housing needs of the community. With 113 apartments available for rent at affordable rates and ongoing projects aimed at developing more affordable housing complexes, Church Community Housing Corporation is actively working towards expanding access to safe and affordable housing for those in need. Additionally, their innovative approach of retaining ownership of land under a land trust model ensures that properties sold to low and moderate-income individuals remain affordable in the long term. Through their commitment to affordable housing, Church Community Housing Corporation is making a tangible difference in the lives of individuals and families in Newport, Rhode Island.
This information is meant to be a general summary of Church Community 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 2023.
- Investment Income: -$459,343
- Program Service Revenue: $4,910,639
- Gross Receipts: $6,127,751
Assets and Liabilities:
- Total Assets: $25,696,917
- Total Liabilities: $14,627,461
- Net Assets: $11,069,456
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$2,003,036
INCOME FROM PARTNERSHIP K1
Revenue
$1,916,940
DEVELOPMENT FEES
Revenue
$650,998
SERVICE FEES
Revenue
$207,924
INTEREST ON LOANS
Revenue
$131,741
Organization Details
Founding Year
1969
Phone
(401) 846-5114Principal Officer
Christian Belden
Main Address
50 WASHINGTON SQUARE, NEWPORT, RI, 02840
Website
www.cchcnewport.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Church Community Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.