Overview
What is Central City Housing Development Corp?
Central City Housing Development Corp is a nonprofit organization situated in New Orleans, Louisiana. The primary mission of this organization is to offer decent, safe, and affordable housing opportunities for individuals with low and moderate income, supporting both home ownership and rental options. To achieve this, they have invested in projects such as the HUD Multifamily Assistance of thirty units, a multifamily housing project of thirteen units, and three rental units, funded under the Road Home Program. With a small team of three employees, Central City Housing Development Corp is dedicated to enhancing living conditions and providing a sanctuary for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Central City Housing Development Corp has received a Two-Star rating from Charity Navigator, reflecting a score of 67%. This rating indicates that while the organization demonstrates some strengths, there are significant areas for improvement, particularly in accountability and financial transparency. The charity excels in having a fully independent board and a high program expense ratio, which suggests a focus on direct service delivery.
However, the organization has been rated poorly in several critical areas, including missing essential governance policies such as the conflict of interest, whistleblower, and document retention policies. Additionally, the absence of the tax form on the nonprofit's website raises concerns about transparency and compliance. The high liabilities to assets ratio indicates potential financial risks that could impact the organization's long-term sustainability.
In summary, while Central City Housing Development Corp shows strong commitment in specific areas, its overall performance is hindered by gaps in governance and financial reporting practices. Stakeholders should consider these factors when evaluating the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Central City Housing Development Corp legitimate?
Central City Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central City Housing Development Corp 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: $93,010
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What is the mission statement of Central City Housing Development Corp?
The Central City Housing Development Corp is committed to providing decent, safe, and affordable housing opportunities for individuals with low and moderate income, both for home ownership and rental. This mission is carried out through various housing projects, such as a Multi-Family Assistance of thirty units and a Multi-Family Housing Project of thirteen units, all funded under the Road Home Program. Additionally, the corporation provides three rental units under its initiatives. The goal is to offer a sanctuary where individuals can reside affordably, thereby improving their living standards.
Who is the CEO of Central City Housing Development Corp?
Priscilla Edwards is the Chairman of Central City Housing Development Corp.
What is the revenue of Central City Housing Development Corp?
Central City Housing Development Corp's revenue in 2023 was $570,584.
Who are the executives of Central City Housing Development Corp and what are their salaries?
The average compensation at Central City Housing Development Corp during 2023 was $31,003. There are 3 employees at Central City Housing Development Corp.
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Where can I find the form 990 for Central City Housing Development Corp?
Central City Housing Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Central City Housing Development Corp
Central City Housing Development Corp, as a nonprofit organization, is committed to providing decent, safe, and affordable housing opportunities for individuals and families with low and moderate incomes. This mission is carried out through various housing projects, such as the HUD Multifamily Assistance of thirty units and a Thirteen-unit Multifamily Housing Project, both funded under the Road Home Program. Additionally, the organization offers three rental units under this program, expanding its reach to provide affordable housing options. By offering these housing opportunities, Central City Housing Development Corp aims to create sanctuaries within the community, ensuring that people in need have a place to call home.
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Impact
July, 2024
Central City Housing Development Corp has significantly improved access to decent, safe, and affordable housing options for individuals of low and moderate income in New Orleans. Through their HUD multifamily assistance of thirty units, a multifamily housing project of thirteen units, and three rental units funded under the Road Home program, the organization has made a tangible difference in the availability of affordable housing in the community. By focusing on both homeownership and rental opportunities, Central City Housing Development Corp has been able to address the diverse needs of individuals seeking housing solutions. This impact contributes to the overall well-being and stability of the community, ensuring that more residents have a place to call home.
This information is meant to be a general summary of Central City Housing Development Corp. 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 2023.
- Investment Income: $361
- Program Service Revenue: $570,223
- Gross Receipts: $570,584
Assets and Liabilities:
- Total Assets: $2,802,602
- Total Liabilities: $2,665,107
- Net Assets: $137,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$570,093
LAUNDRY & VENDING
Revenue
$130
Organization Details
Founding Year
1968
Phone
(504) 421-1643Principal Officer
Priscilla Edwards
Main Address
2020 JACKSON AVENUE 2, NEW ORLEANS, LA, 70113
NTEE Category
Code: L21 - Housing
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