Overview
What is Cmhdc Development Services?
Cmhdc Development Services is a nonprofit organization situated in Chicago, Illinois, with an address at 225 W Wacker. Their primary mission is to develop and maintain both affordable and market-rate housing outside the city of Chicago. They achieve this by providing revitalization and financing for low and moderate income housing developments, promoting mixed income communities. As of December 31, 2021, they manage 147 rental units. The organization's work focuses on retaining and developing properties that cater to various income levels, contributing to the housing sector outside Chicago.
Official website here: www.cmhdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Star Rating
Cmhdc Development Services has earned a Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and financial practices. The charity's overall score is derived entirely from its Accountability & Finance score of 81%, which reflects its strong emphasis on transparency and responsible financial management.
The organization demonstrates a commitment to governance, with an entirely independent board of directors and robust policies in place, including conflict of interest and whistleblower protections. Additionally, it has achieved a high program expense ratio of nearly 94%, suggesting that a significant portion of its resources is directed towards its programs rather than administrative costs.
While the rating is favorable, it is crucial for potential donors to continue monitoring the charity's ongoing performance and any updates that may arise in the future. Overall, the strong accountability measures in place provide confidence in the organization's operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Cmhdc Development Services legitimate?
Cmhdc Development Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cmhdc Development Services 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:
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Official website here: www.cmhdc.com
What is the mission statement of Cmhdc Development Services?
Cmhdc Development Services is committed to retaining and developing properties, both affordable and market rate, outside the city limits. Their mission is to promote mixed income developments and communities, with a focus on providing revitalization, development, financing, and rental services for low and moderate income housing units. As of December 31, 2021, the organization manages 147 rental units, demonstrating their dedication to affordable housing solutions.
Official website here: www.cmhdc.com
Who is the CEO of Cmhdc Development Services?
Rafael Leon is the Secretary/Treasurer of Cmhdc Development Services.
Official website here: www.cmhdc.com
What is the revenue of Cmhdc Development Services?
Cmhdc Development Services's revenue in 2022 was $2,432,218.
Official website here: www.cmhdc.com
Who are the executives of Cmhdc Development Services and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.cmhdc.com
Where can I find the form 990 for Cmhdc Development Services?
Cmhdc Development Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmhdc.com
Learn more at the official website: www.cmhdc.com
Mission Statement of Cmhdc Development Services
Cmhdc Development Services, a nonprofit organization, is dedicated to a mission that involves retaining and developing properties with both affordable and market-rate housing outside the city of Chicago. This mission is aimed at promoting mixed-income developments and communities, with an emphasis on affordable housing. The organization provides revitalization, development, financing, and rentals for low and moderate-income housing units. As of December 31, 2021, Cmhdc Development Services owns and operates 147 rental units, demonstrating its commitment to this mission. The organization's efforts contribute to the provision of affordable housing options, thereby helping to address housing needs in communities beyond the city limits of Chicago.
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Impact
October, 2024
Cmhdc Development Services significantly impacts the housing landscape by focusing on the development of affordable and market-rate housing outside of Chicago. Their mission to revitalize communities results in the retention and enhancement of properties that cater to low and moderate-income families. By emphasizing mixed-income developments, they not only increase housing availability but also foster diverse, vibrant neighborhoods.
As of December 31, 2021, Cmhdc Development Services managed 147 rental units, showcasing their commitment to providing quality housing options. Their work in financing and managing these rental units helps alleviate housing insecurity while promoting economic stability in the communities they serve. This dual focus on affordable housing and community revitalization plays a crucial role in addressing housing disparities, ultimately contributing to more balanced and inclusive urban development.
This information is meant to be a general summary of Cmhdc Development Services. 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: $3,974
- Program Service Revenue: $2,165,404
- Gross Receipts: $2,432,218
Assets and Liabilities:
- Total Assets: $13,211,377
- Total Liabilities: $17,271,476
- Net Assets: -$4,060,099
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL AND OTHER
Revenue
$2,165,404
Organization Details
Founding Year
2009
Phone
(312) 422-1680Principal Officer
Rafael Leon
Main Address
225 W WACKER, CHICAGO, IL, 60606
Website
www.cmhdc.comNTEE Category
Code: L20 - Housing
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