Overview
What is Chestnut Hill Community Fund?
The Chestnut Hill Community Fund is a supporting organization situated in Philadelphia, Pennsylvania, specifically at 8434 Germantown Avenue, 19118. Their primary mission is to enhance the quality of life within the Chestnut Hill area of the city. They accomplish this by providing grants to support local communities and businesses. The sole purpose of this nonprofit organization is to contribute to the betterment of the Chestnut Hill section of Philadelphia, Pennsylvania.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Chestnut Hill Community Fund has received a low rating of 56%, which indicates significant concerns regarding its accountability and financial practices. While the organization has a fully independent board and a strong track record in avoiding material diversion of assets, it lacks critical policies such as a whistleblower and document retention policy, which are essential for organizational transparency.
The program expense ratio is notably low at 51.19%, suggesting that a smaller portion of its funds is being allocated toward its programs compared to administrative costs. Additionally, the absence of its tax form on the nonprofit's website raises concerns about accessibility and potential transparency issues. These limitations contribute to the overall low score and indicate areas where the organization could improve to better serve its mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Chestnut Hill Community Fund legitimate?
Chestnut Hill Community Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chestnut Hill Community Fund 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.
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What is the mission statement of Chestnut Hill Community Fund?
The Chestnut Hill Community Fund is an organization dedicated to its primary mission, which is to enhance the quality of life within its community. Specifically, this mission pertains to the Chestnut Hill section of Philadelphia, Pennsylvania. The organization achieves this goal by providing financial assistance through grants, primarily to support local community initiatives and businesses. By doing so, the Chestnut Hill Community Fund contributes to the betterment and enrichment of its community.
Who is the CEO of Chestnut Hill Community Fund?
Kathryn Clayton is the Trustee of Chestnut Hill Community Fund.
What is the revenue of Chestnut Hill Community Fund?
Chestnut Hill Community Fund's revenue in 2022 was $90,881.
Who are the executives of Chestnut Hill Community Fund and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Chestnut Hill Community Fund?
Chestnut Hill Community Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chestnut Hill Community Fund
The Chestnut Hill Community Fund, as a supporting organization, is dedicated to enhancing the quality of life within the Chestnut Hill section of Philadelphia, Pennsylvania. Its mission is centered around providing assistance to improve the local community and businesses within this area. The organization serves as a catalyst for change, aiming to foster a sense of well-being and development within the Chestnut Hill community. Through its grant-giving activities, the Chestnut Hill Community Fund seeks to support and uplift the local community, contributing to its overall growth and prosperity.
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Impact
October, 2024
The Chestnut Hill Community Fund significantly enhances the quality of life in the Chestnut Hill section of Philadelphia. By providing targeted grants, it supports local community initiatives and businesses, fostering a vibrant and engaged neighborhood. This fund plays a crucial role in catalyzing community improvement projects, promoting local economic development, and strengthening the overall social fabric of the area. Through its efforts, residents benefit from enhanced amenities, opportunities for engagement, and a sense of pride in their community.
This information is meant to be a general summary of Chestnut Hill Community Fund. 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: $24,686
- Gross Receipts: $258,195
Assets and Liabilities:
- Total Assets: $1,380,506
- Total Liabilities: $17,478
- Net Assets: $1,363,028
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Organization Details
Founding Year
1972
Phone
(215) 248-8810Principal Officer
Kathryn Clayton
Main Address
8434 GERMANTOWN AVENUE, PHILADELPHIA, PA, 19118
NTEE Category
Code: S20 - Community improvement
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