Overview
What is Community Resources And Housing Development Corporation?
Community Resources and Housing Development Corporation is a nonprofit organization based in Westminster, Colorado, specifically at 7305 Lowell Blvd STE 200. Their primary focus is on asset management, overseeing both affordable rental apartments and commercial properties across Colorado. The organization's mission is to create opportunities for homeownership and asset building for low-to-moderate income communities throughout the state. They strive to provide valuable pathways towards homeownership, benefiting these communities significantly. With a workforce of 52 employees, Community Resources and Housing Development Corporation plays a crucial role in Colorado's housing sector.
Official website here: www.crhdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Community Resources And Housing Development Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization displays an impressive commitment to governance, with 100% of its board members being independent and a robust size of 12 members. Its financial statements receive comprehensive oversight, ensuring no material diversion of assets and compliance with all required policies.
The organization boasts an excellent program expense ratio of 79.14%, indicating that the majority of its expenditures are directed towards its programs, which is a positive sign for potential donors looking to maximize the impact of their contributions. Additionally, all necessary policies, including conflict of interest and whistleblower policies, are in place, further enhancing its transparency and integrity.
However, while the organization demonstrates strong financial health, the liabilities to assets ratio of 52.47% may raise questions about its long-term financial stability. Overall, Community Resources And Housing Development Corporation shows a robust commitment to accountability and effective program delivery, making it a trustworthy choice for supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Community Resources And Housing Development Corporation legitimate?
Community Resources And Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Resources And Housing Development 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: $137,627
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,414,151
For more financial information, click here
Official website here: www.crhdc.org
What is the mission statement of Community Resources And Housing Development Corporation?
The Community Resources and Housing Development Corporation's mission is centered around providing avenues to home ownership and asset building opportunities for low-to-moderate income communities across Colorado. This non-profit organization strives to create pathways that contribute positively to these communities. In addition to this, the corporation manages both affordable rental apartments and commercial properties across the state, showcasing its involvement in asset management.
Official website here: www.crhdc.org
Who is the CEO of Community Resources And Housing Development Corporation?
Arturo Alvarado is the President of Community Resources And Housing Development Corporation.
Official website here: www.crhdc.org
What is the revenue of Community Resources And Housing Development Corporation?
Community Resources And Housing Development Corporation's revenue in 2022 was $6,041,584.
Official website here: www.crhdc.org
Who are the executives of Community Resources And Housing Development Corporation and what are their salaries?
The average compensation at Community Resources And Housing Development Corporation during 2022 was $29,842. There are 52 employees and 22 volunteers at Community Resources And Housing Development Corporation.
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- Compensation: $127,992
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- Other: $6,596
- Compensation: $116,465
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- Other: $12,512
Official website here: www.crhdc.org
Where can I find the form 990 for Community Resources And Housing Development Corporation?
Community Resources And Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crhdc.org
Learn more at the official website: www.crhdc.org
Mission Statement of Community Resources And Housing Development Corporation
Community Resources and Housing Development Corporation, often abbreviated as CRHDC, is committed to creating opportunities for asset building and providing a pathway to home for low-to-moderate income communities across Colorado. The organization's mission is to positively impact these communities by offering various asset management services. Specifically, CRHDC manages both affordable rental apartments and commercial properties across the state to ensure that residents have access to quality housing options. By focusing on asset management, CRHDC aims to contribute to the overall well-being and financial stability of its target communities, ultimately enhancing their quality of life.
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Impact
October, 2024
Community Resources and Housing Development Corporation significantly impacts low-to-moderate income communities throughout Colorado by providing pathways to homeownership and asset-building opportunities. By managing affordable rental apartments and commercial properties, the organization enhances the availability of stable housing options, which is crucial for community development and economic stability. This focus on asset management not only ensures that residents have access to quality housing but also fosters a sense of community and belonging.
Through its initiatives, the organization helps empower individuals and families, enabling them to build equity and financial security. By addressing the challenges faced by low-to-moderate income households, it contributes to the overall well-being and prosperity of the communities it serves, ultimately leading to more vibrant and resilient neighborhoods across the state.
This information is meant to be a general summary of Community Resources And Housing Development 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: $395,658
- Program Service Revenue: $2,809,528
- Gross Receipts: $6,647,187
Assets and Liabilities:
- Total Assets: $39,546,722
- Total Liabilities: $19,413,319
- Net Assets: $20,133,403
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT - LOW INCOME HOUSING
Revenue
$1,877,355
INDIRECT REVENUE
Revenue
$262,022
MANAGEMENT FEES
Revenue
$257,077
LENDING FEES
Revenue
$240,347
FEE INCOME
Revenue
$128,307
Organization Details
Founding Year
1971
Phone
(303) 428-1778Principal Officer
Arturo Alvarado
Main Address
7305 LOWELL BLVD STE 200, WESTMINSTER, CO, 80030
Website
www.crhdc.orgNTEE Category
Code: L21Z - Housing
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