Overview
What is Community Housing Fund?
The Community Housing Fund, situated in Beaverton, Oregon, is a nonprofit organization that focuses on securing new capital sources and making them readily available in the form of flexible loans. They primarily assist community partners in creating and preserving equitable and affordable homes and related community facilities within Washington County. Loan products frequently provided include pre-development, land acquisition, and bridge loans. Furthermore, the organization offers technical support to sponsors and local jurisdictions, contributing to their mission of enhancing affordable housing and community development opportunities. The Community Housing Fund employs a small team of two individuals.
Official website here: www.thecommunityhousingfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Community Housing Fund has achieved a remarkable score of 97%, earning a Four-Star rating from Charity Navigator. This rating reflects the organization's exceptional performance in Accountability and Finance, indicating a high level of transparency and effective management of financial resources. The score is based solely on the Accountability & Finance beacon, which emphasizes the nonprofit's commitment to responsible governance and fiscal health.
The organization demonstrates strong governance with a fully independent board composed of nine members, which is a positive indicator of its operational integrity. Additionally, it shows no material diversion of assets, highlighting its financial stability and trustworthiness. The implementation of various policies, such as conflict of interest and whistleblower policies, further supports its commitment to transparency and ethical practices.
However, while the financial metrics are impressive, the data does not provide insights into the programmatic impact or outcomes of the Community Housing Fund's initiatives. Therefore, while the organization excels in financial accountability, potential supporters may want to seek additional information regarding the effectiveness and reach of its housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Fund legitimate?
Community Housing Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $98,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,996
For more financial information, click here
Official website here: www.thecommunityhousingfund.org
What is the mission statement of Community Housing Fund?
The Community Housing Fund's mission is centered around securing new sources of capital and making them accessible through flexible loans. These funds are primarily allocated to community partners who are actively involved in creating and preserving equitable and affordable homes, as well as related community facilities. The loan products often include pre-development, land acquisition, and bridge loans. Moreover, the organization provides technical support to sponsors and local jurisdictions, offering guidance throughout the process. In essence, the Community Housing Fund aims to enhance access to affordable housing and community facilities through financial assistance and advisory services.
Official website here: www.thecommunityhousingfund.org
Who is the CEO of Community Housing Fund?
Olga Acuna is the Treasurer of Community Housing Fund.
Official website here: www.thecommunityhousingfund.org
What is the revenue of Community Housing Fund?
Community Housing Fund's revenue in 2022 was $513,713.
Official website here: www.thecommunityhousingfund.org
Who are the executives of Community Housing Fund and what are their salaries?
The average compensation at Community Housing Fund during 2022 was $93,082. There are 2 employees and 15 volunteers at Community Housing Fund.
Here are 12 key members and their salaries:
- Compensation: $84,575
- Related: $0
- Other: $11,666
- Compensation: $11,150
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.thecommunityhousingfund.org
Where can I find the form 990 for Community Housing Fund?
Community Housing Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecommunityhousingfund.org
Learn more at the official website: www.thecommunityhousingfund.org
Mission Statement of Community Housing Fund
The Community Housing Fund, a not-for-profit organization, is dedicated to procuring fresh financial resources and making them accessible in the form of adaptable loans to its community partners. These partners are instrumental in constructing and maintaining equitable and affordable housing units and related community facilities within Washington County. The funding provided by the Community Housing Fund is typically in the form of pre-development, land acquisition, and bridge loans, which are crucial in facilitating various housing projects. Furthermore, the organization extends technical support to sponsors and local jurisdictions, ensuring that these initiatives are successfully realized. In essence, the Community Housing Fund serves as a catalyst for the creation and preservation of affordable housing options, thereby contributing to the betterment of the communities it serves.
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Impact
July, 2024
The impact of Community Housing Fund is evident in its work to secure new sources of capital and provide flexible loans to community partners in Washington County. By focusing on creating and preserving equitable and affordable homes, as well as related community facilities, the Community Housing Fund plays a crucial role in addressing housing challenges in the region. Through loan products such as pre-development, land acquisition, and bridge loans, the organization facilitates the development of much-needed housing options while offering technical support to sponsors and local jurisdictions. This comprehensive approach contributes directly to increasing access to affordable housing and promoting community development in Washington County.
This information is meant to be a general summary of Community Housing 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: $132,966
- Gross Receipts: $513,713
Assets and Liabilities:
- Total Assets: $5,722,446
- Total Liabilities: $349,896
- Net Assets: $5,372,550
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Organization Details
Founding Year
2003
Phone
(503) 846-5794Principal Officer
Olga Acuna
Main Address
3700 SW MURRAY BLVD 2200, BEAVERTON, OR, 97005
NTEE Category
Code: L12 - Housing
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