Overview
What is Chaffee Housing Trust?
Chaffee Housing Trust is a dedicated nonprofit organization located in Buena Vista, Colorado. Their primary mission is to provide affordable housing opportunities for individuals, families, and households, ensuring they can secure home ownership or rental accommodations despite earning below certain income percentages, such as 80%, 60%, and 120% of the area median income. The trust is committed to promoting responsible community development, offering sustainable and affordable housing solutions to eligible residents. Their workforce consists of five dedicated individuals, contributing to their mission of creating inclusive and affordable living spaces in the community.
Official website here: www.chaffeehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Stars
Chaffee Housing Trust received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates a solid commitment to accountability and finance, there are several areas needing improvement. The organization scored well on aspects such as having an entirely independent board and no material diversion of assets, contributing positively to its accountability score.
However, the charity faces criticisms in key areas such as the absence of a conflict of interest policy, whistleblower policy, and documentation of board meeting minutes. These missing policies suggest potential weaknesses in governance practices that could affect transparency and accountability. Additionally, the nonprofit's tax form is not posted on its website, which may hinder public access to financial information.
Despite these limitations, Chaffee Housing Trust has a strong program expense ratio of over 80%, which indicates that a significant portion of its resources is directed towards its programs. Overall, while the organization has strengths in certain areas, addressing the governance shortcomings could enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Chaffee Housing Trust legitimate?
Chaffee Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chaffee Housing Trust 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: $154,317
For more financial information, click here
Official website here: www.chaffeehousing.org
What is the mission statement of Chaffee Housing Trust?
The Chaffee Housing Trust is dedicated to fostering responsible community development by offering affordable and sustainable housing options for eligible residents. Specifically, their mission is to provide both rental and homeownership opportunities to individuals, families, and households whose income falls below certain thresholds, such as 80%, 60%, and 120% of the area median income. By doing so, they aim to contribute to a more equitable housing landscape in their community.
Official website here: www.chaffeehousing.org
Who is the CEO of Chaffee Housing Trust?
Don Stephens is the President of Chaffee Housing Trust.
Official website here: www.chaffeehousing.org
What is the revenue of Chaffee Housing Trust?
Chaffee Housing Trust's revenue in 2022 was $1,783,502.
Official website here: www.chaffeehousing.org
Who are the executives of Chaffee Housing Trust and what are their salaries?
The average compensation at Chaffee Housing Trust during 2022 was $30,863. There are 5 employees at Chaffee Housing Trust.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chaffeehousing.org
Where can I find the form 990 for Chaffee Housing Trust?
Chaffee Housing Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chaffeehousing.org
Learn more at the official website: www.chaffeehousing.org
Mission Statement of Chaffee Housing Trust
Chaffee Housing Trust, a dedicated nonprofit organization, is committed to promoting responsible community development. Their primary mission is to provide affordable and sustainable housing opportunities to individuals, families, and households whose income falls below certain thresholds, specifically 80%, 60%, and 120% of the area median income. By offering both affordable home ownership and rental options, this organization aims to contribute positively to the community, ensuring that a diverse range of residents can secure a place to call home.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Chaffee Housing Trust significantly impacts the community by providing affordable home ownership and rental opportunities to individuals, families, and households earning below certain income thresholds—specifically, those earning 80%, 60%, and 120% of the area median income. By focusing on these demographics, the Trust helps to alleviate housing insecurity and promotes responsible community development in Buena Vista, Colorado.
Their commitment fosters sustainable living environments, enabling residents to access quality housing that might otherwise be unaffordable. This not only enhances individuals' and families' quality of life but also contributes to the overall stability and growth of the community, making it a more inclusive and diverse place to live. By addressing the housing needs of lower to middle-income families, the Trust plays a crucial role in building a resilient community where all residents have the opportunity for home ownership and a stable living situation.
This information is meant to be a general summary of Chaffee Housing Trust. 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: $168
- Program Service Revenue: $1,062,086
- Gross Receipts: $1,783,502
Assets and Liabilities:
- Total Assets: $5,504,188
- Total Liabilities: $1,958,828
- Net Assets: $3,545,360
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ground Lease Fees
Revenue
$4,777
Sales of Houses
Revenue
$1,057,309
Organization Details
Phone
(719) 239-1199Principal Officer
Don Stephens
Main Address
PO Box 692, Buena Vista, CO, 81211
Website
www.chaffeehousing.orgNTEE Category
Code: L20 - Housing
If you are a representative of Chaffee Housing Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.