Overview
What is Jcha Housing And Development Corp?
Jcha Housing and Development Corp is a nonprofit organization based in Birmingham, Alabama. Their primary mission is to develop and provide affordable housing for low-income and moderate-income individuals. They operate a 244-unit complex called Spring Gardens, specifically catering to the elderly and disabled residents, in Tarrant, Alabama. This complex is part of HUD's Section 8 New Construction and Sub Rehabilitation Program. The organization's activities align with enhancing the living conditions of those in need by constructing and maintaining decent, safe, and sanitary housing units.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Jcha Housing And Development Corp has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. With an overall score derived entirely from its Accountability & Finance metrics, the charity demonstrates effective governance and oversight, particularly highlighted by its 100% independent board membership and a strong financial statements audit process.
The organization excels in maintaining a healthy financial profile, evidenced by a program expense ratio of 75.08%, which reflects a significant commitment to its mission. Additionally, Jcha Housing exhibits prudent financial practices, with a low liabilities to assets ratio of 22.41%, suggesting sound fiscal health and stability for its programs and initiatives.
However, while the charity's accountability and finance metrics are commendable, the single-beacon score means that other potential impact areas, such as program outcomes and community engagement, are not reflected in this rating. Thus, while the financial management is robust, further insights into its operational effectiveness may enhance understanding of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Jcha Housing And Development Corp legitimate?
Jcha Housing And Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jcha Housing And Development Corp 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: $281,806
For more financial information, click here
What is the mission statement of Jcha Housing And Development Corp?
Jcha Housing and Development Corp's mission is centered around developing and providing affordable housing options for low-income and moderate-income individuals. The organization strives to create decent, safe, and sanitary living spaces. In addition, Jcha Housing and Development Corp assists the Jefferson County Housing Authority in achieving its purpose of providing similar housing. One of their notable projects is Spring Gardens, a 244-unit complex designed for elderly and disabled individuals, which is funded through HUD's Section 8 New Construction and Sub Rehab Program.
What is the revenue of Jcha Housing And Development Corp?
Jcha Housing And Development Corp's revenue in 2023 was $2,652,971.
Who are the executives of Jcha Housing And Development Corp and what are their salaries?
There 5 volunteers at Jcha Housing And Development Corp.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $125,684
- Other: $42,055
- Compensation: $0
- Related: $107,375
- Other: $47,561
- 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
Where can I find the form 990 for Jcha Housing And Development Corp?
Jcha Housing And Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Jcha Housing And Development Corp
Jcha Housing and Development Corp is a nonprofit organization dedicated to a noble cause. Its primary mission is to develop and provide decent, safe, and sanitary housing that is affordable to both low-income and moderate-income individuals. This mission extends beyond just housing, as Jcha also assists the Jefferson County Housing Authority in achieving its goals of providing decent, safe, and sanitary housing.
The organization's work is evident in a 244-unit complex known as Spring Gardens. Located in Tarrant, Alabama, Spring Gardens offers housing for elderly and disabled individuals. This project is a partnership between Jcha and the U.S. Department of Housing and Urban Development (HUD), specifically through their Section 8 New Construction and Sub Rehab program. By participating in this program, Jcha is able to provide affordable housing options to those in need, enhancing the lives of many individuals and families.
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Impact
October, 2024
Jcha Housing And Development Corp plays a crucial role in addressing housing disparities in Tarrant, Alabama, by developing and providing affordable housing options for low-income individuals and families. The organization operates the Spring Gardens complex, which comprises 244 units specifically designed for elderly and disabled residents. This initiative not only meets the immediate housing needs of vulnerable populations but also ensures that these living spaces are decent, safe, and sanitary.
By partnering with HUD’s Section 8 new construction and sub-rehabilitation program, Jcha Housing And Development Corp enhances the quality of life for its residents while supporting broader community goals. Their efforts contribute to the stability and well-being of low- and moderate-income households, fostering an environment where residents can thrive without the burden of unaffordable housing costs. The organization's commitment to providing accessible housing empowers individuals and families, significantly impacting the community's overall socioeconomic landscape.
This information is meant to be a general summary of Jcha Housing And Development Corp. 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 2023.
- Investment Income: $1,491
- Program Service Revenue: $911,120
- Gross Receipts: $2,652,971
Assets and Liabilities:
- Total Assets: $39,421,764
- Total Liabilities: $8,836,702
- Net Assets: $30,585,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$892,125
TENANT NON-RENTAL INCOME
Revenue
$4,342
OTHER AFFORDABLE HSG INCOME
Revenue
$14,653
Organization Details
Founding Year
2005
Phone
(205) 244-1348Principal Officer
Hannah Gore
Main Address
3700 INDUSTRIAL PARKWAY, BIRMINGHAM, AL, 35217
NTEE Category
Code: L20 - Housing
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