Overview
What is Spanish Coalition For Housing?
The Spanish Coalition for Housing, based in Chicago, Illinois, is a nonprofit organization dedicated to offering comprehensive housing counseling services to low-to-moderate income families in the Chicagoland area. Their mission is to empower individuals with the necessary financial competence and responsibility to achieve their financial objectives. The coalition provides various programs, including pre-purchase counseling, foreclosure prevention, post-purchase counseling, a bilingual landlord association program, energy assistance, homeless prevention, and financial literacy workshops. Their pre-purchase counseling services help prospective homebuyers become mortgage-ready, while foreclosure prevention connects families with one-on-one counseling to keep their homes. Post-purchase counseling supports homeowners in understanding their financial obligations, and the rental program educates landlords on their rights and responsibilities. Energy assistance helps low-income renters pay a significant part of their utility costs, and the homeless prevention program assists individuals in securing affordable rental units. The financial literacy program offers workshops and one-on-one counseling on budget preparation, money management, and credit restoration.
Official website here: www.sch4housing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star Rating)
The Spanish Coalition For Housing has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization achieved an overall score of 81%, driven entirely by its impressive performance in the Accountability & Finance category. This score reflects strong governance practices, financial transparency, and effective use of resources.
One of the key strengths noted is the composition of the board, which consists of 100% independent members, showcasing a commitment to impartial oversight. Additionally, the organization has no material diversion of assets and adheres to comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its credibility and trustworthiness.
However, while the financial metrics such as a low liabilities-to-assets ratio and high program expense ratio are commendable—indicating that the majority of funds are directed to program activities—specific details regarding the impact of these programs on the community or beneficiaries were not provided. This could be an area for further exploration for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Spanish Coalition For Housing legitimate?
Spanish Coalition For Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spanish Coalition For Housing 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: $124,405
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,046,758
For more financial information, click here
Official website here: www.sch4housing.org
What is the mission statement of Spanish Coalition For Housing?
The Spanish Coalition for Housing (SCH) is committed to providing comprehensive counseling, education, and housing resources for Latinos and other low-to-moderate income families in various communities. Their mission is to develop financial competence and responsibility among these families. SCH offers pre-purchase counseling to prepare prospective first-time homebuyers, foreclosure prevention services to help families keep their homes, and post-purchase counseling to support existing homeowners. They also have a program for low-to-moderate income landlords, providing education and empowerment about their rights and responsibilities. In addition, SCH offers a LIHEAP Energy Assistance Program to help low-income renters with their utility costs and needed repairs. The organization also provides homeless prevention, affordable housing location, and sustainability counseling, as well as financial literacy programs focusing on budget preparation, money management, and financial responsibility.
Official website here: www.sch4housing.org
Who is the CEO of Spanish Coalition For Housing?
Paul Lopez is the Board Presid of Spanish Coalition For Housing.
Official website here: www.sch4housing.org
What is the revenue of Spanish Coalition For Housing?
Spanish Coalition For Housing's revenue in 2022 was $2,021,104.
Official website here: www.sch4housing.org
Who are the executives of Spanish Coalition For Housing and what are their salaries?
The average compensation at Spanish Coalition For Housing during 2022 was $30,820. There are 38 employees at Spanish Coalition For Housing.
Here are 10 key members and their salaries:
- Compensation: $124,405
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- Other: $1,595
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Official website here: www.sch4housing.org
Where can I find the form 990 for Spanish Coalition For Housing?
Spanish Coalition For Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sch4housing.org
Learn more at the official website: www.sch4housing.org
Mission Statement of Spanish Coalition For Housing
Spanish Coalition for Housing, a nonprofit organization, is dedicated to providing comprehensive counseling, education, and housing resources for low-to-moderate income families, primarily of Latin origin, in the Chicago area. Their mission is to foster competence and responsibility in these families as they strive to meet their financial objectives.
The organization offers various programs to achieve this mission. One of their key initiatives is pre-purchase counseling, which prepares prospective first-time homebuyers to become mortgage-ready. They provide both individual and group services that cover budget preparation, credit history evaluation, loan packaging, and other home-purchasing related services.
In addition to pre-purchase counseling, Spanish Coalition for Housing also offers foreclosure prevention services. Their foreclosure counseling program connects families with the one-on-one counseling they need to keep their homes and ensure housing security. Post-purchase counseling is also available to support existing homeowners with understanding escrow, finding affordable insurance, accessing tax exemptions, applying for energy assistance, building emergency repair funds, developing a seasonal maintenance checklist, and recognizing when and how refinancing is an appropriate course of action.
The organization's rental program, the Chicagoland Bilingual Landlord Association (CBLA) program, helps low-to-moderate income landlords become educated and empowered about their rights and responsibilities as landlords. This program primarily serves landlords of small properties and offers both one-on-one counseling and group workshops to help them better manage their properties, apply their rights and responsibilities as owners, and provide tenants with safe, decent, and affordable rental units.
Spanish Coalition for Housing also operates the LIHEAP Energy Assistance Program, which uses a federal pass-through grant to help pay a significant part of low-income renters' utility costs and needed weatherization repairs. This program aims to stabilize their utility budgets so that they can meet their other basic financial obligations.
In cases of homeless prevention, the organization works with clients in a one-on-one setting to locate affordable rental units and provide counseling and assistance to overcome their challenges in securing a safe and sustainable housing. This program connects individuals with available resources to ease the burden of housing security.
Lastly, Spanish Coalition for Housing provides financial literacy workshops and one-on-one counseling that focuses on budget preparation, money management, and the importance of financial responsibility. This includes credit restoration counseling and financial coaching.
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Impact
October, 2024
The Spanish Coalition For Housing significantly impacts the Chicagoland area by providing vital resources and support to Latinos and other low- to moderate-income families. Through comprehensive counseling and education, it empowers individuals to achieve their housing goals and financial stability.
The organization offers various programs tailored to meet the needs of families at different stages of their housing journey. Their pre-purchase counseling equips prospective first-time homebuyers with essential knowledge about budgeting, credit evaluation, and loan packaging, ensuring they are mortgage-ready. This proactive approach not only facilitates homeownership but also fosters long-term economic growth within the community.
In addition to helping families purchase homes, the Coalition focuses on foreclosure prevention, connecting families with personalized counseling to maintain housing security. This support is crucial for families facing financial difficulties, enabling them to navigate challenging circumstances and remain in their homes.
For existing homeowners, the Coalition's post-purchase counseling addresses ongoing challenges, such as understanding escrow, finding affordable insurance, and accessing tax exemptions. By guiding homeowners through various aspects of housing management, it promotes sustainability and financial health.
Moreover, their rental program empowers low- to moderate-income landlords, providing them with education on their rights and responsibilities while enhancing the quality of rental housing. This initiative not only benefits landlords but also ensures that tenants enjoy safe and affordable living conditions.
The energy assistance program helps stabilize utility costs, alleviating financial burdens and allowing families to focus on other essential needs. Additionally, the Coalition's homelessness prevention and affordable housing assistance connect individuals to available resources, making it easier to find secure housing.
Through its financial literacy initiatives, the Coalition teaches budgeting, money management, and credit restoration, fostering a culture of financial responsibility that has lasting benefits for individuals and families.
Overall, the Spanish Coalition For Housing's comprehensive approach to housing counseling and education creates a more informed and empowered community, significantly enhancing the quality of life for families in the Chicagoland area.
This information is meant to be a general summary of Spanish Coalition For Housing. 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: -$82,686
- Gross Receipts: $2,090,289
Assets and Liabilities:
- Total Assets: $4,151,302
- Total Liabilities: $815,266
- Net Assets: $3,336,036
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Organization Details
Founding Year
1966
Phone
(773) 292-5784Principal Officer
Paul Lopez
Main Address
1922 NORTH PULASKI ROAD, CHICAGO, IL, 60639
Website
www.sch4housing.orgNTEE Category
Code: L80Z - Housing
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