Overview
What is Affordable Housing Continuum?
Affordable Housing Continuum, located in Chicago, Illinois, is a dedicated public housing facility. Its primary mission is to provide and support affordable housing options for households with moderate to low income levels. Through its development and support initiatives, the organization aims to make housing accessible to those who might otherwise struggle with the financial burden. The organization's unwavering commitment to this cause is evident in its mission statement, which highlights its dedication to this vital goal.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Affordable Housing Continuum has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in the area of Accountability & Finance. The organization has demonstrated excellent governance practices, with a fully independent board of directors and high scores in financial oversight, including a strong audit committee. Their low liabilities to assets ratio indicates a stable financial position, alongside a robust program expense ratio that shows a high percentage of expenses directly supporting their mission.
Strengths of Affordable Housing Continuum include their commitment to transparency and responsible financial management, as evidenced by their high scores in various accountability measures. The organization has maintained rigorous documentation practices, including board meeting minutes and a clean record regarding material diversion of assets. This level of oversight contributes positively to their overall financial health and credibility.
However, while the rating reflects strong accountability and fund management, additional information regarding the charity's impact on affordable housing initiatives or community outreach efforts is not included in the score. This could be an area for improvement in future assessments to provide a more comprehensive view of the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing Continuum legitimate?
Affordable Housing Continuum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Continuum 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.
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What is the mission statement of Affordable Housing Continuum?
The mission of the organization, known as the Affordable Housing Continuum, is centered around developing and providing support for affordable housing options. This mission caters to households with modest to moderate incomes, aiming to make housing more accessible and affordable for this demographic. The organization's primary focus is on the development and upkeep of affordable housing units.
Who is the CEO of Affordable Housing Continuum?
Susan Lencioni is the Secretary of Affordable Housing Continuum.
What is the revenue of Affordable Housing Continuum?
Affordable Housing Continuum's revenue in 2023 was $1,243,412.
Who are the executives of Affordable Housing Continuum and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Affordable Housing Continuum?
Affordable Housing Continuum's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Affordable Housing Continuum
Affordable Housing Continuum, a dedicated nonprofit organization, is committed to the development and support of affordable housing for low to moderate income households. Their mission is to provide a living solution for individuals and families who may struggle financially, ensuring they have access to safe and affordable housing. By focusing on this essential need, Affordable Housing Continuum aims to contribute positively to the well-being and stability of these communities. The organization's efforts in this area help bridge the gap between the rising cost of housing and the income levels of many families, ultimately promoting social equality and improving overall living conditions.
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Impact
October, 2024
The Affordable Housing Continuum plays a crucial role in addressing the housing needs of low to moderate-income households in Chicago, IL. By focusing on the development and support of affordable housing, it provides essential resources and safe living conditions for individuals and families who might otherwise struggle to find suitable accommodations.
This initiative positively impacts the community by increasing the availability of affordable housing options, which can lead to improved economic stability for residents. With access to affordable housing, families are more likely to invest in education, healthcare, and other vital services, contributing to an overall enhancement of community well-being.
Moreover, the Affordable Housing Continuum helps mitigate the challenges of homelessness and housing insecurity, fostering a more inclusive environment. It not only addresses immediate housing needs but also plays a role in long-term urban development by promoting sustainable living spaces that benefit the entire community. In essence, it is a key player in shaping a more equitable housing landscape in Chicago.
This information is meant to be a general summary of Affordable Housing Continuum. 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: $690,205
- Program Service Revenue: $553,207
- Gross Receipts: $1,243,412
Assets and Liabilities:
- Total Assets: $2,130,542
- Total Liabilities: $15,000
- Net Assets: $2,115,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$553,207
Organization Details
Founding Year
1999
Phone
(312) 819-0996Principal Officer
Susan Lencioni
Main Address
233 EAST WACKER DRIVE 4202, CHICAGO, IL, 60601
NTEE Category
Code: L21 - Housing
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