Overview
What is Cortland Housing Assistance Council?
Cortland Housing Assistance Council is a nonprofit organization situated in Cortland, New York, with a specific mission to provide affordable housing for economically disadvantaged residents of the county. They achieve this objective by purchasing and restoring residential units, subsequently renting them out at reduced rates. With a committed workforce of five individuals, the council strives to make housing more accessible and affordable for the local community, thereby contributing to a more inclusive and equitable society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating. This rating indicates that the Cortland Housing Assistance Council demonstrates a solid level of accountability and financial health, scoring well on various metrics related to governance and financial management. With a full score for its independent board composition and the absence of material diversions of assets, the organization shows a commitment to transparency and ethical oversight.
Key strengths include a strong program expense ratio of 74.08%, which suggests that a significant portion of its funds is directed toward its mission-related activities. The organization also adheres to best practices in terms of conflict of interest policies and document retention, scoring full marks in these areas. This reflects an efficient operational structure and dedication to responsible financial stewardship.
However, while the overall score is positive, it is based entirely on the Accountability & Finance beacon, meaning there may be limited information regarding other aspects such as impact and outcomes of the programs. Potential donors and stakeholders may wish to explore additional evaluations or reports to gain a more comprehensive understanding of the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cortland Housing Assistance Council legitimate?
Cortland Housing Assistance Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cortland Housing Assistance Council 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: $49,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,131
For more financial information, click here
What is the mission statement of Cortland Housing Assistance Council?
The Cortland Housing Assistance Council's mission is centered around providing affordable housing solutions for economically disadvantaged individuals. In pursuit of this goal, the council engages in activities aimed at acquiring and restoring residential properties, which are then rented out at reduced rates to eligible families. This initiative is crucial in ensuring that these individuals have access to decent and affordable housing, thereby improving their overall living standards. The council's efforts are instrumental in addressing the housing needs of the economically disadvantaged community, thereby contributing significantly to their well-being.
Who is the CEO of Cortland Housing Assistance Council?
Jerry Hartnett is the President of Cortland Housing Assistance Council.
What is the revenue of Cortland Housing Assistance Council?
Cortland Housing Assistance Council's revenue in 2022 was $537,773.
Who are the executives of Cortland Housing Assistance Council and what are their salaries?
The average compensation at Cortland Housing Assistance Council during 2022 was $31,739. There are 5 employees at Cortland Housing Assistance Council.
Here are 9 key members and their salaries:
- Compensation: $49,563
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- 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
Where can I find the form 990 for Cortland Housing Assistance Council?
Cortland Housing Assistance Council's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cortland Housing Assistance Council
Cortland Housing Assistance Council, a nonprofit organization, is committed to providing affordable housing options for economically disadvantaged citizens in New York's Cortland County. Their mission is clearly defined: to procure and renovate residential units, subsequently offering them as rentals at reduced rates to families in need. This initiative aims to bridge the housing gap for those struggling financially, thereby contributing to a more equitable community.
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Impact
July, 2024
Cortland Housing Assistance Council's impact can be seen in securing housing at low and moderate cost for the economically disadvantaged citizens of Cortland County, New York. By purchasing and restoring residential units for rental to low-income families at reduced rates, the organization is directly addressing the housing needs of those in need in the community. Their mission to provide affordable housing contributes significantly to improving the living conditions and stability of individuals and families facing economic challenges in Cortland County.
This information is meant to be a general summary of Cortland Housing Assistance Council. 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.
- Program Service Revenue: $270,027
- Gross Receipts: $537,773
Assets and Liabilities:
- Total Assets: $737,553
- Total Liabilities: $3,408,893
- Net Assets: -$2,671,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FIRST TIME HOMEBUYER PROG
Revenue
$18,308
LOW INCOME RENTALS
Revenue
$56,871
OTHER HOUSING PROGRAMS
Revenue
$24,563
PROPERTY MANAGEMENT FEES
Revenue
$147,900
RAMP PROGRAM
Revenue
$14,405
Organization Details
Founding Year
1978
Phone
(607) 753-8271Principal Officer
Jerry Hartnett
Main Address
36 TAYLOR AVENUE, CORTLAND, NY, 13045
NTEE Category
Code: L20 - Housing
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