Chappelle Gardens Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061434013 ✦ Hartford, CT ✦ Designated as a 501(c)(3)

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Overview

What is Chappelle Gardens Inc?

Chappelle Gardens Inc is a Connecticut-based nonprofit corporation established in 1994. Its primary purpose is to own and manage a 179-unit housing complex located in Hartford, Connecticut. The organization's activities involve acquiring, rehabilitating, and leasing out this property. Chappelle Gardens Inc has been instrumental in providing housing solutions in the Hartford community for over two decades, contributing significantly to the local real estate landscape.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82%, Three-Star out of Four Star rating from Charity Navigator.

Chappelle Gardens Inc has received a solid Three-Star rating based on its 82% score. This rating reflects the charity's strong focus on accountability and finance, which is the sole factor in its evaluation. The charity exhibits a high level of transparency and governance, with 100% of its board members being independent, ensuring informed decision-making without conflicts of interest.

The organization also scores impressively in financial oversight, boasting a high program expense ratio of 76.91%, indicating that a substantial portion of its spending is directed towards its programs rather than administrative costs. Additionally, the charity has demonstrated no material diversion of assets, which reinforces its integrity and responsible financial management.

While the rating is favorable, it is important to note that the score is solely derived from accountability and finance metrics, meaning that other aspects, such as impact and outcomes, are not evaluated in this summary. Overall, Chappelle Gardens Inc shows strong financial health and governance practices, making it a reliable choice for potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Chappelle Gardens Inc legitimate?

Chappelle Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chappelle Gardens 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Chappelle Gardens Inc?

Chappelle Gardens Inc, established in 1994, operates as a Connecticut nonstock corporation. Its primary purpose is to acquire, rehabilitate, and subsequently rent out a 179-unit housing complex situated in Hartford, Connecticut. The organization's mission is centered around managing and maintaining this property, providing housing solutions for its residents.

Who is the CEO of Chappelle Gardens Inc?

Shereka Emery is the President of Chappelle Gardens Inc.

What is the revenue of Chappelle Gardens Inc?

Chappelle Gardens Inc's revenue in 2022 was $2,252,688.

Who are the executives of Chappelle Gardens Inc and what are their salaries?


Here are 8 key members and their salaries:


Betty J Barker (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shereka Emery (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith Moyer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Millicent Fitzpatrick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Mccoy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evelyn Wallace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Washington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomasine Jill Tucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Chappelle Gardens Inc?

Chappelle Gardens Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Chappelle Gardens Inc

Chappelle Gardens Inc, established as a Connecticut nonstock corporation in 1994, was founded with a primary objective. This objective involved acquiring, rehabilitating, and then renting out a 179-unit housing complex situated in Hartford, Connecticut. The organization's mission, therefore, can be interpreted as its commitment to providing housing solutions by acquiring and refurbishing properties, ultimately making them available for rent. Chappelle Gardens Inc's role in the real estate sector is centered around the transformation and rental of residential properties, contributing to the housing market in a meaningful way.

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Impact




July, 2024

Chappelle Gardens Inc's impact lies in providing affordable housing options to residents of Hartford, Connecticut. By acquiring, rehabilitating, and renting out a 179-unit housing complex, the organization directly addresses the critical need for accessible and well-maintained housing in the city. Through their ongoing efforts, Chappelle Gardens Inc contributes to the stability and well-being of individuals and families by offering a place to call home.




This information is meant to be a general summary of Chappelle Gardens 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.

Revenue
$2,252,688 (2022)
Expenses
$2,513,126 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $176
  • Program Service Revenue: $2,252,512
  • Gross Receipts: $2,252,688

Assets and Liabilities:

  • Total Assets: $8,426,863
  • Total Liabilities: $3,033,189
  • Net Assets: $5,393,674

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENT

Revenue

$1,269,626

SUBSIDIZED RENT

Revenue

$982,886

Organization Details

Founding Year

1994

Principal Officer

Shereka Emery

Main Address

870 GARDEN STREET, HARTFORD, CT, 06112

NTEE Category

Code: Z99 - Unknown

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