Overview
What is Clifton Heights Community Urban Redevelopment Corporation?
The Clifton Heights Community Urban Redevelopment Corporation (CHCURC) is a collaborative initiative established between the Clifton Heights Business Association, CUF Neighborhood Association, and the University of Cincinnati. This partnership aims to revitalize the Clifton Heights neighborhood in Cincinnati, Ohio, by implementing various redevelopment projects. Their objectives, derived from the Clifton Heights/UC Joint Urban Renewal Plan, include acquiring and stabilizing dilapidated single-family homes, as well as assembling properties for development sites. When necessary, they also undertake the demolition and clearance of properties. After completing these projects, they sell the development sites and accumulated costs to Community Urban Development Corporations. With a team of four dedicated individuals, CHCURC contributes to the transformation of blighted urban areas by focusing on real property development.
Official website here: www.chcurc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, Two-Star out of Four Star rating.
The Clifton Heights Community Urban Redevelopment Corporation has received a Two-Star rating based on its overall score of 62%, which is derived solely from its Accountability & Finance metrics. While the organization demonstrates strong accountability with a fully independent board and proper financial documentation, there are significant concerns regarding its liabilities, reflected in a high liabilities to assets ratio of 144.43%, which has impacted its overall score.
Strengths include a solid commitment to transparency, as evidenced by the availability of board meeting minutes and tax forms on its website. Additionally, the organization scored well in several areas of governance, such as having a conflict of interest policy and no material diversion of assets. However, it falls short in maintaining a whistleblower policy and a document retention policy, contributing to its lower score in overall accountability.
While the Clifton Heights Community Urban Redevelopment Corporation shows potential through its program expenses ratio of 75.36%—indicating a commitment to its mission—it must address its financial liabilities and governance policies to improve its rating and overall operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Clifton Heights Community Urban Redevelopment Corporation legitimate?
Clifton Heights Community Urban Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clifton Heights Community Urban Redevelopment 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: $144,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,861
For more financial information, click here
Official website here: www.chcurc.org
What is the mission statement of Clifton Heights Community Urban Redevelopment Corporation?
The Clifton Heights Community Urban Redevelopment Corporation's mission is centered around the revitalization of blighted urban areas. This is achieved through the development of real property. The corporation, a collaboration between the Clifton Heights Business Association, the CUF Neighborhood Association, and the University of Cincinnati, aims to revitalize a specific neighborhood by implementing various initiatives and redevelopment projects. The goals for this revitalization were established through the Clifton Heights/UC Joint Urban Renewal Plan. Some of these initiatives and projects include assembling necessary properties for development sites and demolishing and clearing properties when required. Developed properties and accumulated costs have also been sold to Community Urban Development Corporations. The corporation additionally focuses on acquiring and stabilizing single-family buildings that are either tax delinquent or out of building code compliance.
Official website here: www.chcurc.org
Who is the CEO of Clifton Heights Community Urban Redevelopment Corporation?
Matthew Bourgeois is the President of Clifton Heights Community Urban Redevelopment Corporation.
Official website here: www.chcurc.org
What is the revenue of Clifton Heights Community Urban Redevelopment Corporation?
Clifton Heights Community Urban Redevelopment Corporation's revenue in 2022 was $800,665.
Official website here: www.chcurc.org
Who are the executives of Clifton Heights Community Urban Redevelopment Corporation and what are their salaries?
The average compensation at Clifton Heights Community Urban Redevelopment Corporation during 2022 was $67,603. There are 4 employees and 5 volunteers at Clifton Heights Community Urban Redevelopment Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $141,550
- Related: $0
- Other: $3,000
Official website here: www.chcurc.org
Where can I find the form 990 for Clifton Heights Community Urban Redevelopment Corporation?
Clifton Heights Community Urban Redevelopment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chcurc.org
Learn more at the official website: www.chcurc.org
Mission Statement of Clifton Heights Community Urban Redevelopment Corporation
The Clifton Heights Community Urban Redevelopment Corporation, abbreviated as CHCURC, is a partnership between the Clifton Heights Business Association, CUF Neighborhood Association, and the University of Cincinnati. This organization's mission is dedicated to revitalizing the Clifton Heights neighborhood by undertaking various initiatives and development projects. These endeavors aim to redevelop blighted urban areas through the development of real property.
The goals of CHCURC were formulated through the Clifton Heights/UC Joint Urban Renewal Plan. To accomplish this mission, the corporation engages in several initiatives. One of these involves assembling properties necessary for development sites. In some cases, properties may require demolition and clearance, which CHCURC also handles. Once development sites are established, they are sold to Community Urban Development Corporations. Furthermore, CHCURC acquires and stabilizes single-family buildings that are either tax delinquent or out of building code compliance. This holistic approach to urban redevelopment is crucial in revitalizing neglected urban areas and improving the overall living conditions within the community.
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Impact
October, 2024
The Clifton Heights Community Urban Redevelopment Corporation significantly impacts the revitalization of the Clifton Heights neighborhood in Cincinnati by transforming blighted urban areas through strategic real estate development. With a focus on redevelopment initiatives outlined in the Clifton Heights/UC Joint Urban Renewal Plan, the organization actively assembles properties for development sites and facilitates the demolition and clearance of areas that hinder progress.
By acquiring and stabilizing single-family homes that are tax delinquent or out of compliance with building codes, the organization not only improves the physical landscape of the community but also enhances the safety and quality of life for residents. Furthermore, the successful sale of development sites to community urban development corporations helps stimulate economic growth within the neighborhood.
The partnership between the Clifton Heights Business Association, CUF Neighborhood Association, and the University of Cincinnati strengthens community engagement and collaboration, ensuring that redevelopment efforts align with local needs and aspirations. This holistic approach contributes to a more vibrant, cohesive, and sustainable neighborhood, fostering long-term community improvement and resilience.
This information is meant to be a general summary of Clifton Heights Community Urban Redevelopment 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.
- Investment Income: $84
- Program Service Revenue: $135,470
- Gross Receipts: $800,665
Assets and Liabilities:
- Total Assets: $1,707,722
- Total Liabilities: $2,798,719
- Net Assets: -$1,090,997
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUNDSKEEPING
Revenue
$74,143
MANAGEMENT FEE
Revenue
$61,327
Organization Details
Founding Year
1999
Phone
(513) 564-0078Principal Officer
Matthew Bourgeois
Main Address
2510 OHIO AVENUE C, CINCINNATI, OH, 452191555
Website
www.chcurc.orgNTEE Category
Code: S30 - Community improvement
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