Overview
What is Chestnut Housing Corporation?
Chestnut Housing Corporation, situated in Lancaster, Pennsylvania, is a dedicated nonprofit organization. Their primary mission revolves around rehabilitating housing to make it more affordable for the community. This mission is carried out with the aim of ensuring that housing remains accessible to a wide range of individuals, thereby contributing to the local community's overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
Chestnut Housing Corporation has achieved a score of 71%, indicating a moderate level of performance in its accountability and financial practices. The organization demonstrates strong governance, with a fully independent board, as evidenced by 100% independent members, and it maintains proper documentation of board meeting minutes. This governance structure supports transparency and accountability within the organization.
Financially, Chestnut Housing Corporation shows a high program expense ratio of 99.55%, suggesting that nearly all funds are directed towards its mission-related programs. Additionally, the organization has a solid liabilities-to-assets ratio of 24.66%, indicating good financial health and stability. The lack of any material diversion of assets further reinforces its strong financial practices.
However, despite its strengths, the overall two-star rating suggests there may still be areas for improvement. Potential donors and stakeholders might consider looking into additional aspects of the organization’s operations and outcomes to ensure alignment with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Chestnut Housing Corporation legitimate?
Chestnut Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chestnut Housing Corporation 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: $0
For more financial information, click here
What is the mission statement of Chestnut Housing Corporation?
Chestnut Housing Corporation is dedicated to delivering affordable housing as its primary mission. As a housing rehabilitation organization, its aim is to make housing accessible for individuals who may otherwise struggle with affordability. By focusing on this mission, Chestnut Housing Corporation strives to contribute positively to the community, ensuring that everyone has a place to call home. The organization's efforts in providing affordable housing not only improve living conditions but also contribute to the overall well-being of its residents.
Who is the CEO of Chestnut Housing Corporation?
Sue Waterfield is the Director of Chestnut Housing Corporation.
What is the revenue of Chestnut Housing Corporation?
Chestnut Housing Corporation's revenue in 2022 was $490,552.
Who are the executives of Chestnut Housing Corporation and what are their salaries?
There 25 volunteers at Chestnut Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Chestnut Housing Corporation?
Chestnut Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chestnut Housing Corporation
Chestnut Housing Corporation, a housing rehabilitation organization, is committed to providing affordable housing. With this mission at its core, the nonprofit works tirelessly to make housing more accessible for individuals and families in need. By focusing on rehabilitation, Chestnut Housing Corporation seeks to improve the quality of existing housing units, ensuring that they meet the necessary standards for affordability and livability. The organization's efforts are integral in enabling individuals and families to secure stable and affordable housing, thereby improving their overall quality of life.
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Impact
July, 2024
Chestnut Housing Corporation's impact is evident through its provision of affordable housing in Lancaster, PA. By focusing on housing rehabilitation and offering affordable housing options, the organization positively impacts the community by helping individuals and families secure safe and stable living arrangements. This contributes to overall improved quality of life for residents, fosters community development, and addresses the pressing need for accessible housing options.
This information is meant to be a general summary of Chestnut Housing Corporation. 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: $80,439
- Gross Receipts: $490,552
Assets and Liabilities:
- Total Assets: $1,418,180
- Total Liabilities: $413,136
- Net Assets: $1,005,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL 4 LANCASTER PROP
Revenue
$80,439
Organization Details
Phone
(717) 666-9101Principal Officer
Sue Waterfield
Main Address
434 EAST CHESTNUT ST, LANCASTER, PA, 176023050
NTEE Category
Code: L20 - Housing
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