Overview
What is Chesapeake Neighbors Llc?
Chesapeake Neighbors Llc is a dedicated nonprofit organization based in Severn, Maryland. Their primary mission is to provide safe and affordable housing for individuals of low income, including those with disabilities, thereby enabling them to live independently in their preferred communities. With over 55 professionally managed units spread across the Greater Chesapeake Region, Chesapeake Neighbors serves over 125 residents. Their mission is deeply rooted in creating opportunities by making quality, affordable housing accessible to all, thereby contributing positively to their community. The organization employs a team of nine individuals in their operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
Chesapeake Neighbors LLC has received a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The charity scored exceptionally well in areas such as having a fully independent board and maintaining robust oversight practices, including a comprehensive audit and oversight committee. These strengths indicate a commitment to transparency and ethical governance.
The organization excels in its program expense ratio, allocating 96.79% of its resources directly to its programs, which is a positive sign of effective resource management. Additionally, it has established policies on conflict of interest and whistleblowing, further demonstrating its commitment to ethical practices.
However, the charity has a liability-to-assets ratio of 102.60%, indicating that its liabilities exceed its assets. This could raise concerns about financial sustainability in the long term. Nevertheless, the overall positive indicators suggest that Chesapeake Neighbors LLC operates with a high degree of accountability and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Chesapeake Neighbors Llc legitimate?
Chesapeake Neighbors Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesapeake Neighbors Llc 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: $47,334
Professional Fundraising Fees: $0
Other Salaries and Wages: $327,415
For more financial information, click here
What is the mission statement of Chesapeake Neighbors Llc?
Chesapeake Neighbors LLC's mission is centered around creating opportunities by making quality, affordable housing available to all, particularly individuals of low income and those with intellectual and/or developmental disabilities. By providing over 55 professionally managed units across the Greater Chesapeake region, the organization has been instrumental in housing over 125 individuals, enabling them to live independently in their preferred communities. Chesapeake Neighbors originated from a need to assist individuals with limited means in either renting or owning a home, ultimately promoting self-sufficiency and community integration.
Who is the CEO of Chesapeake Neighbors Llc?
Judi Olinger is the Chair of Chesapeake Neighbors Llc. The CEO's salary of Chesapeake Neighbors Llc is $0 and their total compensation is $235,683.
What is the revenue of Chesapeake Neighbors Llc?
Chesapeake Neighbors Llc's revenue in 2022 was $2,492,763.
Who are the executives of Chesapeake Neighbors Llc and what are their salaries?
The average compensation at Chesapeake Neighbors Llc during 2022 was $41,639. There are 9 employees and 10 volunteers at Chesapeake Neighbors Llc.
Here are 12 key members and their salaries (Chesapeake Neighbors Llc's CEO's salary is $0 and their total compensation is $235,683):
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- Related: $226,264
- Other: $9,419
- Compensation: $37,216
- Related: $0
- Other: $10,118
Where can I find the form 990 for Chesapeake Neighbors Llc?
Chesapeake Neighbors Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chesapeake Neighbors Llc
Chesapeake Neighbors LLC, a nonprofit organization, is committed to creating opportunities by making quality, affordable housing accessible to all individuals, particularly those of low income and those with intellectual and/or developmental disabilities. Their mission is to provide safe and affordable living spaces, ensuring that over 125 individuals in the Greater Chesapeake Region can reside in secure environments. Originating from the need to support individuals with limited means, Chesapeake Neighbors LLC has expanded its offerings to include over 55 professionally managed units, enabling these individuals to achieve independent living within their preferred communities.
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Impact
October, 2024
Chesapeake Neighbors LLC plays a crucial role in providing safe and affordable housing for individuals with low income, particularly those with intellectual and developmental disabilities. With over 55 professionally managed units in the greater Chesapeake region, it serves more than 125 people by offering them secure living environments that promote independence and community integration.
The organization addresses a significant need for accessible housing options, enabling individuals of limited means to achieve their housing goals, whether that be renting or owning a home. By focusing on creating opportunities through quality housing, Chesapeake Neighbors not only helps residents secure shelter but also fosters a sense of belonging and stability in their communities. This impact is vital in enhancing the quality of life for its residents and empowering them to lead independent lives.
This information is meant to be a general summary of Chesapeake Neighbors Llc. 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: -$24,999
- Program Service Revenue: $2,517,697
- Gross Receipts: $2,517,763
Assets and Liabilities:
- Total Assets: $15,957,561
- Total Liabilities: $16,478,920
- Net Assets: -$521,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FROM AFF
Revenue
$2,517,697
Organization Details
Founding Year
2007
Phone
(410) 269-1883Principal Officer
Judi Olinger
Main Address
1332 DONALD AVE, SEVERN, MD, 21144
NTEE Category
Code: L20 - Housing
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