Overview
What is Chn Housing Partners?
Chn Housing Partners is a renowned nonprofit organization based in Cleveland, Ohio, with a workforce of 272 employees. They specialize in housing development, property management, and sales. As the nation's largest single-family developer using Low Income Housing Tax Credits, they have an impressive track record in Ohio, Southeastern Michigan, Western New York, and Western Pennsylvania. Leveraging mixed funding sources, they create affordable housing units across various asset classes and populations. Chn Housing Partners collaborate with sister nonprofits and public entities to implement neighborhood strategies. Their core principles include affordability, sustainability, and homeownership. In 2022, they completed development on 271 green affordable housing units and sold 110 homes to low-income families through their Lease Purchase Program. Additionally, they served 36 homeowners with their Single Family Preservation Program. Their mission is to transform lives and improve communities by harnessing the power of affordable, stable housing.
Official website here: www.chnhousingpartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Chn Housing Partners has achieved an 87% score on Charity Navigator, indicating a solid level of accountability and financial health. The organization excels in several areas, including having a fully independent board and comprehensive oversight measures. Notably, they have a high program expense ratio of 97.66%, suggesting that a significant portion of their funds are directed toward their programs rather than administrative costs.
The organization demonstrates robust governance practices with policies on conflict of interest, whistleblower protections, and document retention, all of which are fully in place. Additionally, they have no reported material diversion of assets, enhancing their credibility and trustworthiness among donors and stakeholders.
However, the organization's liabilities to assets ratio stands at 67.37%, which may raise some concerns about financial stability. While they maintain a good balance of governance and transparency, potential donors may want to consider this ratio when assessing the overall financial health of Chn Housing Partners.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Chn Housing Partners?
76% of 15 reviewers on Facebook recommend CHN Housing Partners. Here is a summary of their reviews:
While some individuals have expressed dissatisfaction with their experiences, citing unprofessionalism as a major concern, it appears that a majority still view the organization favorably. Positive remarks highlight the dedication to helping clients and the impact of their services on housing needs within the community.
Overall, there seems to be a divide in experiences, with some praising the mission and outreach efforts, while others are left feeling disappointed. This feedback indicates areas for improvement in customer service, suggesting that while the nonprofit has positive intentions, there may be challenges in execution that need to be addressed for better outcomes.
This AI summary has been generated from reviews found on Facebook.
Is Chn Housing Partners legitimate?
Chn Housing Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chn Housing Partners 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: $1,283,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,203,530
For more financial information, click here
Official website here: www.chnhousingpartners.org
What is the mission statement of Chn Housing Partners?
Chn Housing Partners is dedicated to making a positive impact on lives and communities through the provision of affordable housing. Leveraging the power of stable housing, the organization strives to improve living conditions and promote sustainable growth. As a skilled affordable housing developer, Chn Housing Partners works across various populations and funding sources, developing properties through a mix of programs. The organization's mission is grounded in the principles of affordability, sustainability, and homeownership. In the year 2022, Chn Housing Partners completed the development of 271 affordable housing units and sold 110 homes to families in need of homeownership through their Lease Purchase Program. Furthermore, they served 36 homeowners via their Single Family Preservation Program.
Official website here: www.chnhousingpartners.org
Who is the CEO of Chn Housing Partners?
Kevin J Nowak is the Trustee/President of Chn Housing Partners. The CEO's salary of Chn Housing Partners is $240,504 and their total compensation is $295,723.
Official website here: www.chnhousingpartners.org
What is the revenue of Chn Housing Partners?
Chn Housing Partners's revenue in 2022 was $96,765,615.
Official website here: www.chnhousingpartners.org
Who are the executives of Chn Housing Partners and what are their salaries?
The average compensation at Chn Housing Partners during 2022 was $60,615. There are 272 employees and 207 volunteers at Chn Housing Partners.
Here are 31 key members and their salaries (Chn Housing Partners's CEO's salary is $240,504 and their total compensation is $295,723):
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- Compensation: $240,504
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- Compensation: $158,880
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- Compensation: $120,179
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- Other: $22,692
Official website here: www.chnhousingpartners.org
Where can I find the form 990 for Chn Housing Partners?
Chn Housing Partners's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chnhousingpartners.org
Learn more at the official website: www.chnhousingpartners.org
Mission Statement of Chn Housing Partners
Chn Housing Partners, a renowned nonprofit organization, is on a mission to harness the transformative power of affordable housing to enhance lives and revitalize communities. By providing stable and reasonably priced homes, the organization aims to create an enduring impact on individuals and their surroundings.
The innovative approach of Chn Housing Partners lies in its expertise in affordable housing development, property management, and sales. Operating as a recognized leader in the field, the organization utilizes Low Income Housing Tax Credits to fund its projects and help those in need of affordable housing. Chn Housing Partners is committed to serving diverse populations and asset classes in Ohio, Southeastern Michigan, Western New York, and Western Pennsylvania.
To further strengthen its influence, the nonprofit collaborates with sister nonprofits and public entities to implement community strategies. Core principles of affordability, sustainability, and homeownership guide Chn Housing Partners' efforts. In 2022, the organization completed the development of 271 affordable housing units and sold 110 homes to low-income families, offering them the opportunity to achieve homeownership through the Lease Purchase Program. Additionally, 36 homeowners received support from the Single Family Preservation Program. Chn Housing Partners' unwavering dedication to improving lives and communities continues to make a profound difference.
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Impact
October, 2024
Chn Housing Partners plays a vital role in transforming lives and strengthening communities through its commitment to affordable housing. By focusing on housing development, property management, and sales, the organization has become the nation's largest single-family developer utilizing low-income housing tax credits. This enables them to offer unique opportunities to low-income families, facilitating homeownership through their nationally recognized lease purchase program.
In 2022 alone, Chn Housing Partners successfully developed 271 green affordable housing units and sold 110 homes to families who might otherwise be excluded from the housing market. Their efforts not only focus on increasing the availability of affordable housing but also on enhancing community sustainability and livability.
Dedicated to strategic partnerships with other organizations and public entities, Chn Housing Partners implements neighborhood strategies that emphasize affordability and homeownership as core principles. Additionally, they support existing homeowners through the Single Family Preservation Program, serving 36 individuals in 2022. Overall, Chn Housing Partners significantly impacts the regions it serves—primarily Ohio, Southeast Michigan, Western New York, and Western Pennsylvania—by making stable housing accessible to those in need and fostering healthier communities.
This information is meant to be a general summary of Chn Housing Partners. 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: $716,585
- Program Service Revenue: $19,135,208
- Gross Receipts: $97,712,685
Assets and Liabilities:
- Total Assets: $94,453,168
- Total Liabilities: $63,637,373
- Net Assets: $30,815,795
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES - AFFILIATED ENTI
Revenue
$15,951,670
RENTAL INCOME
Revenue
$2,058,109
MAINTENANCE SERVICES - AFFILIATED
Revenue
$1,125,429
Organization Details
Founding Year
1981
Phone
(216) 574-7100Principal Officer
Kevin J Nowak
Main Address
2999 PAYNE AVENUE 134, CLEVELAND, OH, 44114
Website
www.chnhousingpartners.orgNTEE Category
Code: L800 - Housing
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