Overview
What is Chestnut Hill Housing Inc?
Chestnut Hill Housing Inc is a nonprofit organization dedicated to providing affordable housing solutions for elderly individuals with limited means. Situated in this mission, the organization operates two programs, Chestnut Hill apartments and Laurel Ridge apartments, offering a collective 80 units. Their primary objective is to cater to the housing needs of the elderly population, ensuring they maintain a decent living standard. The organization's work contributes positively to the community by offering subsidized housing, thereby fulfilling a vital social responsibility.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Chestnut Hill Housing Inc has achieved a remarkable 96% rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has demonstrated exceptional governance practices, with a fully independent board and a comprehensive oversight committee. This high rating indicates a robust commitment to transparency and effective financial management.
The nonprofit excels in maintaining strong financial health, evidenced by its low liabilities to assets ratio of 2.92% and a commendable program expense ratio of 84.21%. This suggests that the majority of its funds are allocated directly towards fulfilling its mission rather than administrative costs, a crucial aspect for donors looking to support impactful initiatives.
While the organization shows no noted limitations in the data reviewed, its stellar accountability ratings reinforce its reputation as a trustworthy entity. Such a solid governance structure and financial integrity make it a reliable choice for potential donors and stakeholders interested in supporting community housing efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Chestnut Hill Housing Inc legitimate?
Chestnut Hill Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chestnut Hill Housing 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: $169,896
For more financial information, click here
What is the mission statement of Chestnut Hill Housing Inc?
Chestnut Hill Housing Inc is dedicated to providing low-income, subsidized housing for elderly individuals with limited means. They accomplish this through their Chestnut Hill apartments and Laurel Ridge apartments programs, offering a total of 80 units. The organization's primary objective is to make such housing available to this specific demographic, aiming to support their living needs effectively.
Who is the CEO of Chestnut Hill Housing Inc?
Kelly Mcdermott is the President of Chestnut Hill Housing Inc.
What is the revenue of Chestnut Hill Housing Inc?
Chestnut Hill Housing Inc's revenue in 2022 was $982,995.
Who are the executives of Chestnut Hill Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Chestnut Hill Housing Inc?
Chestnut Hill Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chestnut Hill Housing Inc
Chestnut Hill Housing Inc, a nonprofit organization, is committed to providing low-income, subsidized housing for elderly individuals with limited means. They accomplish this mission through their Chestnut Hill apartments and Laurel Ridge apartments programs, which collectively offer 80 units of housing. The organization's primary objective is to ensure that elderly individuals have access to secure and affordable housing, thereby enhancing their quality of life.
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Impact
July, 2024
Chestnut Hill Housing Inc's impact is evident through its provision of low-income subsidized housing for elderly individuals in North Haven, CT. Through programs such as Chestnut Hill Apartments and Laurel Ridge Apartments, the organization offers a total of 80 units to support elderly individuals with limited means. By fulfilling its mission to provide affordable housing for this demographic, Chestnut Hill Housing Inc plays a crucial role in addressing housing insecurity and improving the quality of life for elderly residents in the community.
This information is meant to be a general summary of Chestnut Hill Housing 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: $279
- Program Service Revenue: $982,716
- Gross Receipts: $982,995
Assets and Liabilities:
- Total Assets: $4,497,378
- Total Liabilities: $105,855
- Net Assets: $4,391,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$982,716
Organization Details
Founding Year
1995
Phone
(203) 879-1658Principal Officer
Kelly Mcdermott
Main Address
127 WASHINGTON AVENUE 5TH FL EAST, NORTH HAVEN, CT, 06473
NTEE Category
Code: L20 - Housing
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