Overview
What is Corporation For Urban Home Ownership Of New Haven?
Corporation for Urban Home Ownership of New Haven is a dedicated nonprofit organization based in New Haven, Connecticut. Its primary focus is on housing rehabilitation, specifically catering to the needs of low-income individuals and families. The organization's mission is to provide affordable and suitable housing solutions, ensuring that underprivileged communities have access to safe and comfortable living spaces.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 60%, Two-Star out of Four Star rating.
The Corporation For Urban Home Ownership Of New Haven has received a Two-Star rating due to an overall score of 60%, which primarily reflects its Accountability & Finance performance. While it has strengths in maintaining a majority independent board of directors and a solid program expense ratio, other aspects significantly impacted its rating, particularly the lack of financial statements and missing key policies listed on its website.
The organization demonstrated a responsible use of funds with an impressive program expense ratio of 85.03%, indicating a strong commitment to its mission. However, the absence of required documents and policies, such as financial statements and a whistleblower policy, raises concerns about transparency and governance practices. These deficiencies highlight areas where the organization could improve to bolster its accountability and trustworthiness among potential donors.
Overall, while the Corporation For Urban Home Ownership Of New Haven shows potential through its independent governance and effective program spending, addressing the noted limitations is crucial for enhancing its rating and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Corporation For Urban Home Ownership Of New Haven legitimate?
Corporation For Urban Home Ownership Of New Haven is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporation For Urban Home Ownership Of New Haven 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: $71,479
For more financial information, click here
What is the mission statement of Corporation For Urban Home Ownership Of New Haven?
The Corporation for Urban Home Ownership of New Haven, as a housing rehabilitation nonprofit, is committed to providing low-income housing solutions. Their mission is centered around enhancing residential opportunities for individuals with limited financial resources. The organization works diligently to promote and facilitate the development of affordable housing options, contributing to a more equitable living environment for those in need. The Corporation's activities aim to bridge the housing gap, offering a valuable service to the community.
Who is the CEO of Corporation For Urban Home Ownership Of New Haven?
Raymond Lemley is the Sec'Y/Dir of Corporation For Urban Home Ownership Of New Haven.
What is the revenue of Corporation For Urban Home Ownership Of New Haven?
Corporation For Urban Home Ownership Of New Haven's revenue in 2023 was $1,051,067.
Who are the executives of Corporation For Urban Home Ownership Of New Haven and what are their salaries?
The average compensation at Corporation For Urban Home Ownership Of New Haven during 2023 was $23,826. There are 3 employees at Corporation For Urban Home Ownership Of New Haven.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Corporation For Urban Home Ownership Of New Haven?
Corporation For Urban Home Ownership Of New Haven's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Corporation For Urban Home Ownership Of New Haven
The Corporation for Urban Home Ownership of New Haven is a dedicated nonprofit organization with a mission centered around providing low-income housing. This mission is geared towards enhancing the living conditions of individuals who may face financial challenges, offering them the opportunity to secure suitable housing solutions. By focusing on housing rehabilitation, the corporation aims to make a significant impact in the lives of those in need, contributing to a more equitable and inclusive community.
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Impact
July, 2024
The Corporation for Urban Home Ownership of New Haven has made a significant impact by providing low-income housing opportunities in the city of New Haven, CT. Through its housing rehabilitation efforts, the organization has helped improve the quality of life for many individuals and families in need. By focusing on low-income housing, the Corporation for Urban Home Ownership of New Haven has contributed to the overall stability and well-being of the community. Its work has helped address the critical issue of affordable housing and has played a key role in supporting those who are most vulnerable in the region.
This information is meant to be a general summary of Corporation For Urban Home Ownership Of New Haven. 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: $22
- Program Service Revenue: $1,051,045
- Gross Receipts: $1,051,067
Assets and Liabilities:
- Total Assets: $4,284,797
- Total Liabilities: $1,786,373
- Net Assets: $2,498,424
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,020,105
OTHER
Revenue
$30,940
Organization Details
Principal Officer
Raymond Lemley
Main Address
PO BOX 4, NEW HAVEN, CT, 06513
NTEE Category
Code: L25Z - Housing
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