Overview
What is Crossroads Corporation For Affordable Housing And Community Development Inc?
Crossroads Corporation for Affordable Housing and Community Development Inc is a faith-based, nonprofit organization located in Charlotte, North Carolina. Established with a focus on the Grier Heights community, their mission is to promote rejuvenation, economic stability, healthy living, and educational achievement. They achieve this through partnerships, playing a significant role in revitalizing the community's history and upholding its collective vision. The organization primarily engages in housing development, providing new home constructions, renovations, and sales. Their initiative also includes nurturing a pipeline of future affordable housing buyers who meet their specific income eligibility levels. With a staff of 20 individuals, Crossroads Corporation is dedicated to enhancing lives and improving the community through their housing programs.
Official website here: www.crossroadscorporation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 95% (Four-Star out of Four Star rating)
Crossroads Corporation For Affordable Housing And Community Development Inc has received a commendable Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. With a remarkable score of 95% in their Accountability & Finance category, the organization demonstrates a strong commitment to transparency and responsible financial management.
The nonprofit boasts a fully independent board of 23 members, achieving top scores across various metrics including audit oversight, conflict of interest policies, and efficient allocation of resources. Notably, 87.76% of its expenses are directed towards programs, and the fundraising efficiency ratio is exceptionally low at $0.06, reflecting effective cost management in fundraising efforts.
While the ratings are overwhelmingly positive, stakeholders should remain aware that the evaluation is based on financial metrics alone. As with any organization, it's important to consider the impact of its community programs and services to gain a full understanding of its effectiveness and reach.
This AI summary has been generated from information found on Charity Navigator.
Is Crossroads Corporation For Affordable Housing And Community Development Inc legitimate?
Crossroads Corporation For Affordable Housing And Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crossroads Corporation For Affordable Housing And Community Development Inc 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: $152,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $386,617
For more financial information, click here
Official website here: www.crossroadscorporation.org
What is the mission statement of Crossroads Corporation For Affordable Housing And Community Development Inc?
CrossRoads Corporation, a faith-based nonprofit organization, works in collaboration with community partners to uphold the historical legacy and shared ambition of revitalization, financial stability, overall wellness, and educational growth within a specific community, referred to as Grier Heights. Their mission is centered around honoring the past and fostering a collective vision for improvement in these key areas. They actively engage in initiatives that promote economic stability, healthy living, and educational achievements within this community. One of their notable programs is the Housing Development and Homebuyer Pathway Program, which involves constructing new homes, renovating existing properties, and facilitating their sale to eligible, affordable housing buyers, thereby establishing a pipeline of future homeowners.
Official website here: www.crossroadscorporation.org
Who is the CEO of Crossroads Corporation For Affordable Housing And Community Development Inc?
Tiffany Capers is the President of Crossroads Corporation For Affordable Housing And Community Development Inc.
Official website here: www.crossroadscorporation.org
What is the revenue of Crossroads Corporation For Affordable Housing And Community Development Inc?
Crossroads Corporation For Affordable Housing And Community Development Inc's revenue in 2022 was $3,266,959.
Official website here: www.crossroadscorporation.org
Who are the executives of Crossroads Corporation For Affordable Housing And Community Development Inc and what are their salaries?
The average compensation at Crossroads Corporation For Affordable Housing And Community Development Inc during 2022 was $26,965. There are 20 employees and 50 volunteers at Crossroads Corporation For Affordable Housing And Community Development Inc.
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Official website here: www.crossroadscorporation.org
Where can I find the form 990 for Crossroads Corporation For Affordable Housing And Community Development Inc?
Crossroads Corporation For Affordable Housing And Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crossroadscorporation.org
Learn more at the official website: www.crossroadscorporation.org
Mission Statement of Crossroads Corporation For Affordable Housing And Community Development Inc
Crossroads Corporation, a faith-based nonprofit organization, is dedicated to upholding the historical significance and fostering the collective goals of revitalization, economic sustainability, improved health, and academic advancement within the Grier Heights community. Through strategic partnerships, Crossroads Corporation aims to honor the community's heritage and promote its collective vision for rejuvenation and prosperity.
In line with its mission, Crossroads Corporation operates various programs, one of which is the Housing Development and Homebuyer Pathway Program. This initiative focuses on constructing new homes, renovating existing properties, and selling them to eligible buyers at affordable prices. By developing a pipeline of future homeowners who meet the organization's affordable housing criteria, Crossroads Corporation helps to ensure that the community's residents can secure stable and comfortable living environments. This program plays a crucial role in contributing to the overall well-being and economic stability of the Grier Heights community.
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Impact
October, 2024
Crossroads Corporation For Affordable Housing And Community Development Inc plays a significant role in enhancing the Grier Heights community through its comprehensive housing development initiatives and supportive programs. By focusing on new home construction and renovations, the organization directly addresses the need for affordable housing, providing opportunities for residents to own homes that meet their budgetary constraints.
The Homebuyer Pathway Program is instrumental in developing a pipeline of future homebuyers, ensuring that individuals meet the appropriate Area Median Income (AMI) levels for affordable housing. This proactive approach not only aids in the immediate goal of housing stability but also fosters long-term economic resilience within the community.
Moreover, Crossroads Corporation’s commitment to rejuvenation and healthy living goes beyond housing; it nurtures a holistic vision for community development that prioritizes educational achievement and economic stability. Through partnerships and community engagement, the organization honors the historical context of Grier Heights while simultaneously promoting a sustainable future for its residents. This multifaceted impact significantly contributes to the overall well-being and progress of the community.
This information is meant to be a general summary of Crossroads Corporation For Affordable Housing And Community Development Inc. 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.
- Program Service Revenue: $619,500
- Gross Receipts: $3,304,791
Assets and Liabilities:
- Total Assets: $4,510,540
- Total Liabilities: $789,464
- Net Assets: $3,721,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF HOMES
Revenue
$619,500
Organization Details
Founding Year
2008
Phone
(704) 365-3555Principal Officer
Tiffany Capers
Main Address
3623 Latrobe Ave Ste 208, Charlotte, NC, 28211
NTEE Category
Code: L25 - Housing
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