Overview
What is Cda Housing Inc?
Cda Housing Inc is a charitable organization primarily focused on addressing affordable low-income housing needs. Based in Wisconsin, the nonprofit engages in various activities such as constructing new housing units, acquiring existing properties, and providing financial support to ensure these properties remain affordable for low-income families. They have also secured funds from the Illinois Housing Development Authority's COVID-19 Affordable Housing Grant Program to facilitate their projects. In addition to housing, Cda Housing Inc offers educational, supportive, and referral services to aid those in need, adhering to the non-profit corporation law of Michigan.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%
Cda Housing Inc has received a Zero-Star out of Four Star rating from Charity Navigator, which indicates significant concerns about its financial practices and overall accountability. The charity's score of 35% highlights substantial weaknesses, particularly in financial ratios, where it reports a program expense ratio of only 1.76%, suggesting that a very small portion of its expenditures is directed toward its stated mission. Moreover, the fundraising efficiency is notably low, with no funds raised in the reported period.
On a more positive note, Cda Housing Inc does maintain a fully independent board, which is a strength in terms of governance. The organization scores well in areas such as having an audit and oversight committee and a conflict of interest policy. Additionally, it has demonstrated transparency by distributing its tax forms to the board before filing, and there are no reported instances of material diversion of assets.
However, the lack of essential policies, such as a whistleblower policy and proper documentation related to its website listings and record retention, raises concerns about operational transparency. Furthermore, the high liabilities to assets ratio indicates potential financial instability. Overall, while there are some governance strengths, the significant financial deficiencies present a critical issue for Cda Housing Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Cda Housing Inc legitimate?
Cda Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cda Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cda Housing Inc?
Cda Housing Inc is organized with charitable, educational, and scientific purposes, primarily focused on providing decent, safe, and sanitary housing and related assistance for those in need and the disadvantaged. The organization aims to develop and maintain safe, affordable housing for low-income individuals in Michigan, Wisconsin, and Illinois. This includes purchasing, obtaining donations, and accepting ownership of existing rental properties, assuming mortgages and associated indebtedness, and operating these properties as affordable low-income housing. Furthermore, Cda Housing Inc offers educational, supportive, and referral services to low-income persons.
Who is the CEO of Cda Housing Inc?
Donald Richards is the Director of Cda Housing Inc.
What is the revenue of Cda Housing Inc?
Cda Housing Inc's revenue in 2022 was $3,525,528.
Who are the executives of Cda Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
- 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 Cda Housing Inc?
Cda Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cda Housing Inc
Cda Housing Inc, a charitable organization, is dedicated to serving the underprivileged and disadvantaged individuals in need of decent and affordable housing. Its mission encompasses two main objectives: firstly, to provide safe and sanitary housing for those in need, along with related assistance for basic human needs such as shelter. Secondly, the organization aims to develop and maintain secure and affordable housing for low-income individuals across the states of Michigan, Wisconsin, and Illinois. In addition, Cda Housing Inc acquires existing rental properties, takes on associated mortgages and debts, and obtains financing to operate these properties as affordable housing units. Lastly, the corporation provides educational, supportive, and referral services to low-income persons, further ensuring their wellbeing.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Cda Housing Inc significantly impacts the community by addressing critical housing needs for low-income and disadvantaged individuals across Michigan, Wisconsin, and Illinois. The organization focuses on providing decent, safe, and sanitary housing, essential for enhancing the quality of life for those it serves.
One of its key projects, Bell Valley Townhomes, exemplifies this commitment by offering 60 affordable housing units specifically designed for low-income and very low-income families. This initiative not only increases the availability of housing but also contributes to neighborhood stability and fosters community development.
Furthermore, Cda Housing Inc engages in acquiring and managing rental properties, ensuring these homes remain affordable for those in need. By participating in the Illinois Housing Development Authority's COVID-19 Affordable Housing Grant Program, the organization demonstrates adaptive strategies to meet the evolving housing challenges posed by economic hardships.
In addition to housing, Cda Housing Inc enhances its impact by providing educational, supportive, and referral services aimed at empowering low-income individuals and families. This holistic approach not only addresses immediate housing issues but also supports long-term stability and self-sufficiency, ultimately fostering healthier and more resilient communities.
This information is meant to be a general summary of Cda Housing 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.
- Investment Income: $943,169
- Gross Receipts: $3,525,528
Assets and Liabilities:
- Total Assets: $56,463,370
- Total Liabilities: $16,922,660
- Net Assets: $39,540,710
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(906) 932-5500Principal Officer
Donald Richards
Main Address
4003 80TH STREET SUITE 101, KENOSHA, WI, 53142
NTEE Category
Code: L40 - Housing
If you are a representative of Cda Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.