Overview
What is Latin United Community Housing Assn?
Latin United Community Housing Assn is a nonprofit organization situated in Chicago, Illinois. Their primary focus is on affordable housing development and operation, which they achieve through various means. They rehabilitate and manage existing housing units, advocate for necessary resources, invest in local communities, and combat housing abandonment. The organization's mission is to provide decent and affordable housing, along with associated services and education, to low and moderate-income residents in Chicago. With a team of 32 dedicated employees, Latin United Community Housing Assn strives to conserve, restore, and expand the city's multi- and single-family housing stock, thereby offering housing opportunities for those in need.
Official website here: www.lucha.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Latin United Community Housing Association has achieved a strong 96% score from Charity Navigator, reflecting exceptional performance in accountability and finance. The organization demonstrates full compliance with governance standards, including having an entirely independent board and robust financial oversight mechanisms in place, which earns them a high level of trust from donors and stakeholders.
The organization excels in managing its resources effectively, with a program expense ratio of 86.69%, indicating that a significant portion of its expenditures directly supports its mission-related activities. This level of efficiency is crucial for nonprofits, as it ensures that the majority of funds raised are directed towards impactful community services.
While the financial health indicators are strong, the overview does not mention any specific programs or outcomes, which could provide further insight into the organization's effectiveness in achieving its goals. Nonetheless, the transparency and governance practices of Latin United Community Housing Association position it as a responsible and trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Latin United Community Housing Assn?
86% of 9 reviewers on Facebook recommend the Latin United Community Housing Association. Here is a summary of their reviews:
Many reviewers appreciate the valuable information and support provided by the organization, highlighting its commitment to serving the community. The positive sentiment indicates that individuals feel the nonprofit is effective in addressing housing concerns and promoting resources for those in need.
Overall, the reviews suggest that the Latin United Community Housing Association is making a significant impact, with users feeling informed and supported in their housing journeys.
This AI summary has been generated from reviews found on Facebook.
Is Latin United Community Housing Assn legitimate?
Latin United Community Housing Assn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latin United Community Housing Assn 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: $1,142,366
For more financial information, click here
Official website here: www.lucha.org
What is the mission statement of Latin United Community Housing Assn?
The Latin United Community Housing Assn is committed to providing decent and affordable housing, housing services, and education to low and moderate income residents. This organization actively engages in housing development, operating affordable housing units, and rehabilitating existing properties. They advocate for resources to support affordable housing development, invest in communities, and combat housing abandonment. The association is dedicated to conserving, restoring, and expanding the city's multi and single family housing stock, aiming to provide housing opportunities for those with lower income levels.
Official website here: www.lucha.org
Who is the CEO of Latin United Community Housing Assn?
Lissette Castaneda is the Treasurer of Latin United Community Housing Assn.
Official website here: www.lucha.org
What is the revenue of Latin United Community Housing Assn?
Latin United Community Housing Assn's revenue in 2022 was $2,007,395.
Official website here: www.lucha.org
Who are the executives of Latin United Community Housing Assn and what are their salaries?
The average compensation at Latin United Community Housing Assn during 2022 was $35,699. There are 32 employees and 10 volunteers at Latin United Community Housing Assn.
Here are 6 key members and their salaries:
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Official website here: www.lucha.org
Where can I find the form 990 for Latin United Community Housing Assn?
Latin United Community Housing Assn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lucha.org
Learn more at the official website: www.lucha.org
Mission Statement of Latin United Community Housing Assn
Latin United Community Housing Assn is committed to providing decent and affordable housing, housing services, and education to individuals and families with low to moderate incomes. This nonprofit organization actively engages in various initiatives to promote affordable housing development. They achieve this by rehabilitating and managing existing housing units, advocating for resources, investing in communities, and combating housing abandonment. By doing so, Latin United Community Housing Assn aims to expand and preserve the city's multi and single-family housing stock, providing valuable housing opportunities for lower-income residents. The organization's mission is to contribute positively to the community by ensuring that everyone has access to affordable, safe, and well-maintained housing.
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Impact
October, 2024
Latin United Community Housing Association significantly impacts the Chicago community by providing decent and affordable housing to low and moderate-income residents. Through housing development and management, the organization works diligently to rehabilitate properties, ensuring that individuals and families have access to safe living environments. Additionally, it advocates for essential resources and invests in community initiatives to combat housing abandonment, actively preserving and expanding the city's diverse housing stock. By offering education and housing services, the organization empowers residents, enhancing their quality of life and fostering stability within the community. Overall, its efforts contribute to a more equitable housing landscape in Chicago.
This information is meant to be a general summary of Latin United Community Housing Assn. 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: $68,182
- Program Service Revenue: $512,777
- Gross Receipts: $2,007,395
Assets and Liabilities:
- Total Assets: $6,635,793
- Total Liabilities: $2,010,368
- Net Assets: $4,625,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY REIMBURSEMENT
Revenue
$255,540
DEVELOPER FEES
Revenue
$175,504
PROPERTY MANAGEMENT FE
Revenue
$51,235
PARTNERSHIP ASSET MANA
Revenue
$30,498
Organization Details
Founding Year
1982
Phone
(773) 276-5338Principal Officer
Lissette Castaneda
Main Address
3541 W NORTH AVENUE, CHICAGO, IL, 60647
Website
www.lucha.orgNTEE Category
Code: L20 - Housing
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