Overview
What is Catholic Charities Housing Corporation?
Catholic Charities Housing Corporation, based in Cleveland, Ohio, serves as the construction oversight entity for the Catholic Charities system and the Cleveland Catholic Diocese. Their primary mission is to develop affordable housing options for individuals and families in need, including the elderly and those with developmental disabilities. This nonprofit organization strives to promote and manage rental and for-sale properties in low- and moderate-income neighborhoods, contributing to the betterment of the community.
Official website here: www.dioceseofcleveland.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Overall Score: 66%, Two-Star out of Four Star rating. The organization has received a two-star rating indicating that there are areas needing significant improvement, particularly in governance and board independence. While the charity excels in accountability and finance, achieving a 100% score in that area, its overall rating reflects concerns about its structural governance.
Catholic Charities Housing Corporation demonstrates strong financial oversight, with high scores in several accountability measures, such as audit and oversight committee responsibilities, material diversion of assets, and policies for conflict of interest and whistleblower protections. However, the organization has zero points for the majority of its board members being independent, which raises questions about governance practices. Additionally, the size of the independent board is lacking, indicating potential risks in decision-making processes.
The charity’s liabilities to assets ratio is notably high at 73.13%, suggesting financial strain, even though its program expense ratio is commendable at 96.04%. This indicates that while funds are being allocated effectively towards programs, the overall financial health and governance structures may need significant attention to bolster sustainability and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Charities Housing Corporation legitimate?
Catholic Charities Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Charities Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.dioceseofcleveland.org
What is the mission statement of Catholic Charities Housing Corporation?
Catholic Charities Housing Corporation's mission is centered around providing affordable housing solutions. This organization, associated with the Catholic Diocese of Cleveland, aims to cater to the housing needs of individuals and families with low to moderate incomes. This includes the elderly, as well as communities primarily inhabited by such individuals. Furthermore, the corporation extends its services to individuals with developmental disabilities, ensuring they also have access to suitable housing options. The organization is involved in various activities such as organizing, promoting, financing, constructing, maintaining, supervising, improving, and managing both rental and for-sale housing units to fulfill these objectives.
Official website here: www.dioceseofcleveland.org
Who is the CEO of Catholic Charities Housing Corporation?
Patrick Gareau is the President & Ceo of Catholic Charities Housing Corporation. The CEO's salary of Catholic Charities Housing Corporation is $0 and their total compensation is $271,398.
Official website here: www.dioceseofcleveland.org
What is the revenue of Catholic Charities Housing Corporation?
Catholic Charities Housing Corporation's revenue in 2022 was $705,058.
Official website here: www.dioceseofcleveland.org
Who are the executives of Catholic Charities Housing Corporation and what are their salaries?
Here are 7 key members and their salaries (Catholic Charities Housing Corporation's CEO's salary is $0 and their total compensation is $271,398):
- Compensation: $0
- Related: $209,855
- Other: $29,617
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $233,656
- Other: $37,742
- Compensation: $0
- Related: $179,853
- Other: $36,614
- Compensation: $0
- Related: $119,453
- Other: $13,343
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dioceseofcleveland.org
Where can I find the form 990 for Catholic Charities Housing Corporation?
Catholic Charities Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dioceseofcleveland.org
Learn more at the official website: www.dioceseofcleveland.org
Mission Statement of Catholic Charities Housing Corporation
Catholic Charities Housing Corporation is committed to organizing, promoting, sponsoring, building, financing, maintaining, supervising, improving, and managing affordable housing options for those in need, under the auspices of the Catholic Diocese of Cleveland. The corporation's mission encompasses three key areas:
Firstly, it focuses on providing housing for low- and moderate-income individuals and families, including the elderly. This aspect of their mission aims to ensure that everyone, regardless of their income level, has access to suitable and affordable living spaces.
Secondly, Catholic Charities Housing Corporation is dedicated to developing housing in neighborhoods predominantly occupied by low- and moderate-income individuals and families. By doing so, they contribute to the preservation and enhancement of these communities, providing a stable and secure living environment for their residents.
Lastly, the corporation extends its mission to housing for individuals with developmental disabilities. This commitment ensures that individuals with special needs have access to suitable housing, fostering their independence and integration into society.
In essence, Catholic Charities Housing Corporation acts as a beacon of hope for those in need of affordable housing, working tirelessly to create safe, supportive, and inclusive living environments for all.
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Impact
July, 2024
Catholic Charities Housing Corporation's impact is significant in providing affordable housing options for those in need on behalf of the Catholic Diocese of Cleveland. The corporation plays a crucial role in developing, overseeing construction, and managing rental and for-sale housing for low- and moderate-income individuals and families, including the elderly and persons with developmental disabilities in neighborhoods primarily occupied by such demographics. By organizing, promoting, sponsoring, financing, maintaining, and supervising housing projects, Catholic Charities Housing Corporation contributes to improving the quality of life for underserved populations in Cleveland, Ohio.
This information is meant to be a general summary of Catholic Charities Housing 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: $169
- Program Service Revenue: $704,889
- Gross Receipts: $705,058
Assets and Liabilities:
- Total Assets: $5,680,316
- Total Liabilities: $4,154,028
- Net Assets: $1,526,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$686,571
PROPERTY MGMT.FEES
Revenue
$18,318
Organization Details
Founding Year
2001
Phone
(216) 334-2900Principal Officer
Patrick Gareau
Main Address
7911 DETROIT AVE, CLEVELAND, OH, 44102
Website
www.dioceseofcleveland.orgNTEE Category
Code: L20 - Housing
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