Overview
What is Chatham Gardens Housing Corporation?
Chatham Gardens Housing Corporation is a nonprofit organization situated in Rochester, New York, specifically at 249 North Village Lane. Established with a mission to serve, this corporation offers housing accommodations primarily for families with moderate to low income levels residing within the city of Rochester. The organization manages 184 units, dedicated to providing comfortable living spaces for these families. Their primary activity involves facilitating housing, aligning with their commitment to aid individuals and families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Chatham Gardens Housing Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score of 94%, the organization demonstrates excellent governance, with 87% of its board members being independent, which is essential for unbiased decision-making. Its financial practices are robust, as evidenced by a commendable program expense ratio of 88.13%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
The organization also scores exceptionally well in areas such as audit and oversight, conflict of interest policies, and whistleblower protections, with perfect scores in these categories. The lack of any material diversion of assets further underscores its integrity and commitment to ethical practices. The liabilities to assets ratio of 44.95% indicates a healthy balance sheet, allowing it to sustain operations effectively.
However, while the financial metrics are strong, potential donors and stakeholders should consider the overall impact and reach of the organization's programs beyond these numbers. As with any nonprofit, continual assessment of its effectiveness in fulfilling its mission will be important for long-term success. Overall, Chatham Gardens Housing Corporation stands out as a responsible and transparent organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Chatham Gardens Housing Corporation legitimate?
Chatham Gardens Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chatham Gardens 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: $294,183
For more financial information, click here
What is the mission statement of Chatham Gardens Housing Corporation?
The Chatham Gardens Housing Corporation, established on a not-for-profit basis, is committed to providing housing accommodations for families with moderate to low income levels. Its primary mission is to ensure that such families have access to suitable living spaces, thereby contributing to their overall well-being. The corporation's activities are centered around offering housing solutions, catering to the needs of these income groups, thereby promoting community stability and social equality.
Who is the CEO of Chatham Gardens Housing Corporation?
Margaret J Hill is the Director of Chatham Gardens Housing Corporation.
What is the revenue of Chatham Gardens Housing Corporation?
Chatham Gardens Housing Corporation's revenue in 2022 was $1,682,765.
Who are the executives of Chatham Gardens Housing Corporation and what are their salaries?
There 7 volunteers at Chatham Gardens Housing Corporation.
Here are 9 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $223,822
- Other: $17,994
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $127,470
- Other: $2,431
Where can I find the form 990 for Chatham Gardens Housing Corporation?
Chatham Gardens Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chatham Gardens Housing Corporation
Chatham Gardens Housing Corporation, established as a not-for-profit entity, is committed to providing housing accommodations for families with moderate to low incomes. This organization's primary mission is to create a living space that is accessible and affordable for these families, ensuring they have a secure and comfortable residence. By offering housing solutions, Chatham Gardens Housing Corporation seeks to contribute positively to its community, providing a stable living environment for families who may otherwise face housing challenges. The corporation's dedication to this cause is evident in its mission to make a difference in the lives of these families, enabling them to focus on other aspects of their lives with greater peace of mind.
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Impact
October, 2024
Chatham Gardens Housing Corporation significantly impacts the Rochester community by providing quality housing for low to middle-income families. With 184 housing units, it addresses the critical need for affordable accommodation, enabling families to secure stable living conditions. This support fosters a sense of community and belonging, allowing residents to thrive and contribute positively to the local economy. By enhancing access to safe and affordable housing, Chatham Gardens plays a vital role in improving the overall quality of life in Rochester.
This information is meant to be a general summary of Chatham Gardens 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: $232
- Program Service Revenue: $1,682,533
- Gross Receipts: $1,682,765
Assets and Liabilities:
- Total Assets: $7,745,281
- Total Liabilities: $3,584,322
- Net Assets: $4,160,959
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$1,607,247
LAUNDRY
Revenue
$30,355
AIR CONDITIONERS
Revenue
$29,231
OTHER INCOME
Revenue
$15,700
Organization Details
Founding Year
1959
Phone
(585) 467-2442Principal Officer
Margaret J Hill
Main Address
249 NORTON VILLAGE LANE, ROCHESTER, NY, 14609
NTEE Category
Code: L200 - Housing
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