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Columbus Property Management And Development Inc

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

EIN: 232747707 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Columbus Property Management And Development Inc?

Columbus Property Management and Development Inc, a Pennsylvania-based nonprofit organization located in Philadelphia, focuses on the development and management of affordable housing units in the Mid-Atlantic region. With a team of 235 employees, they provide full-service property management for approximately 3,500 affordable apartments. Their mission encompasses marketing, leasing, compliance, and operational management, ensuring residents have access to quality housing. The Resident Services Department acts as a bridge between residents and essential resources, addressing needs related to health, education, employment, and more. Columbus Property Management and Development Inc is also a pioneer in green construction, striving to create decent, safe, and permanent homes for individuals dealing with serious, long-term, and/or chronic disabilities or homelessness.


Official website here: www.missionfirsthousing.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Columbus Property Management And Development Inc has achieved an 81% rating from Charity Navigator, which reflects a strong emphasis on accountability and finance. The organization demonstrates solid governance practices, including a fully independent board, robust financial oversight, and effective policies for conflict of interest and whistleblowing. The high program expense ratio indicates that a significant portion of its funds is directed toward its charitable mission.

Despite its strengths, the organization received a low score in the liabilities to assets ratio, which may warrant attention. This suggests potential financial stability concerns that could affect its long-term sustainability. However, the absence of material asset diversion and the presence of thorough financial documentation imply that the organization is well-managed in other areas.

Overall, while Columbus Property Management And Development Inc exhibits commendable financial accountability and governance, stakeholders should remain aware of the noted financial risks related to its liabilities. This combination of strengths and limitations presents a nuanced picture of the organization's operational health.


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

Is Columbus Property Management And Development Inc legitimate?

Columbus Property Management And Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbus Property Management And Development 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: $935,725
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,655,653

For more financial information, click here


Official website here: www.missionfirsthousing.org

What is the mission statement of Columbus Property Management And Development Inc?

Columbus Property Management and Development Inc is dedicated to providing comprehensive property management services in the Mid-Atlantic region, overseeing the care of approximately 3,500 affordable apartments. Their work encompasses marketing, leasing, compliance, and operational management. Beyond property management, their Resident Services Department acts as a bridge between residents and various public and private resources, enhancing residents' quality of life and addressing their needs in areas such as health, education, and employment. Columbus Property Management and Development Inc is also a pioneer in green construction.


Official website here: www.missionfirsthousing.org

Who is the CEO of Columbus Property Management And Development Inc?

Thomas Ak Queenan is the President & Ceo Since June 2022 of Columbus Property Management And Development Inc. The CEO's salary of Columbus Property Management And Development Inc is $0 and their total compensation is $0.


Official website here: www.missionfirsthousing.org

What is the revenue of Columbus Property Management And Development Inc?

Columbus Property Management And Development Inc's revenue in 2022 was $32,547,451.


Official website here: www.missionfirsthousing.org

Who are the executives of Columbus Property Management And Development Inc and what are their salaries?

The average compensation at Columbus Property Management And Development Inc during 2022 was $53,580. There are 235 employees at Columbus Property Management And Development Inc.


Here are 14 key members and their salaries (Columbus Property Management And Development Inc's CEO's salary is $0 and their total compensation is $0):


Mark Duffy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Simmons (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Davidson Esq (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russel Johnson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry G Dittmann (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Kilcoyne (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marva Williams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Muldrow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ak Queenan (President & Ceo Since June 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chip Darling (Vice President & Coo)
  • Compensation: $185,000
  • Related: $0
  • Other: $20,395
Mark Deitcher (Assistant Treasurer, Vp)
  • Compensation: $197,715
  • Related: $0
  • Other: $20,779
Robert Kwait (Assistant Secretary, Vp)
  • Compensation: $215,076
  • Related: $0
  • Other: $20,395
Susan Mcphedran (Director Of Development)
  • Compensation: $191,363
  • Related: $0
  • Other: $19,404
Alicia Morgan (Senior Vp, Property Mgt.)
  • Compensation: $190,000
  • Related: $0
  • Other: $0


Official website here: www.missionfirsthousing.org

Where can I find the form 990 for Columbus Property Management And Development Inc?

Columbus Property Management And Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.missionfirsthousing.org

Learn more at the official website: www.missionfirsthousing.org

Mission Statement of Columbus Property Management And Development Inc

Columbus Property Management and Development Inc, or CPM, is a leading organization in the Mid-Atlantic region dedicated to the development and management of affordable housing. With a mission to provide full-service property management, CPM oversees marketing, leasing, compliance, and operational management of approximately 3,500 affordable apartments. The team at CPM goes beyond conventional property management by connecting their residents with essential resources that enhance their quality of life.

The Resident Services Department at CPM acts as a vital bridge between their residents and various public and private organizations. This department ensures that residents' needs, encompassing health, education, employment, and more, are met. By offering a crucial link to these resources, CPM empowers its residents to overcome challenges and thrive in their communities.

Moreover, CPM is recognized as a pioneer in the field of green construction. Their commitment to sustainability sets them apart, creating eco-friendly housing solutions and reducing the environmental footprint for their residents. Through their innovative approaches to affordable housing and community development, CPM makes a significant impact on the lives of countless individuals and families.

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Impact




October, 2024

Columbus Property Management and Development Inc. significantly impacts the Mid-Atlantic region by providing access to affordable housing for individuals facing serious, long-term disabilities or homelessness. With nearly 3,500 affordable apartments under management, CPM ensures that these communities are not only safe and decent but also designed to foster independence and stability.

The organization excels in comprehensive property management, which includes overseeing marketing, leasing, compliance, and operational management to maintain high standards for residents. An essential aspect of their mission is the Resident Services Department, which bridges residents to essential resources in health, education, and employment. This support enhances the quality of life for residents, addressing their diverse needs and fostering a sense of community.

Additionally, CPM is committed to sustainability and is recognized as a leader in green construction practices, contributing to environmentally friendly development in the region. Through its dedicated efforts, Columbus Property Management and Development Inc. plays a crucial role in uplifting individuals and families, creating lasting change in the lives of those who need it most.




This information is meant to be a general summary of Columbus Property Management And Development 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
$32,547,451 (2022)
Expenses
$32,272,029 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $30,009
  • Program Service Revenue: $29,699,990
  • Gross Receipts: $32,547,604

Assets and Liabilities:

  • Total Assets: $31,017,577
  • Total Liabilities: $25,453,662
  • Net Assets: $5,563,915

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Programs

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

CONSTRUCTION REVENUE

Revenue

$14,436,780

MANAGEMENT SERVICES TO AFFILIATES

Revenue

$8,581,036

REAL ESTATE SERVICES

Revenue

$3,426,690

RENTAL INCOME

Revenue

$3,255,484

Organization Details

Founding Year

1991

Principal Officer

Thomas Ak Queenan

Main Address

2042 - 2048 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA, 191031412

NTEE Category

Code: L20 - Housing

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