Overview
What is Community Housing Advocacy And Development?
Community Housing Advocacy and Development, based in Wheaton, Illinois, is a nonprofit organization dedicated to providing affordable housing solutions. With a team of 15 dedicated individuals, CHAD successfully saves residents over $1.5 million annually by offering below-market rate rental housing to over 1,200 people. The organization is deeply committed to delivering quality housing, enabling individuals and families to live, work, and thrive in their communities. CHAD's mission is centered around providing affordable housing, contributing to the overall well-being and stability of its residents.
Official website here: www.chadhousing.org
What are the reviews and ratings of this charity?
Community Housing Advocacy And Development has earned a Four-Star out of Four Star rating from Charity Navigator, scoring an impressive 96% in Accountability & Finance. This rating highlights the organization’s strong governance and financial management, with 100% independent board members and a high program expense ratio of 94.05%. However, it's important to note that the organization is not currently evaluated on its impact, culture, or leadership adaptability.
The organization has implemented a robust set of policies, including conflict of interest and whistleblower policies, ensuring transparency and accountability. Although the fiscal health appears solid, the failure to post key documents, specifically the Tax Form on their website, did affect their score slightly in that area. The organization shows a strong reliance on government support and independent management, reflecting its commitment to fulfilling its mission.
Unfortunately, user reviews from GreatNonprofits are not available to provide additional insights into public sentiment. Overall, Community Housing Advocacy And Development demonstrates strong financial stewardship and governance but may need to work on enhancing transparency regarding its documentation.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Advocacy And Development legitimate?
Community Housing Advocacy And Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Advocacy And Development 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: $205,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,016,595
For more financial information, click here
Official website here: www.chadhousing.org
What is the mission statement of Community Housing Advocacy And Development?
Community Housing Advocacy and Development (CHAD) is dedicated to providing high-quality, affordable housing that enables individuals and families to live, work, and thrive. This organization is committed to making a significant impact, saving residents an annual sum of over $1,500,000 through the provision of below-market rate rental housing to over 1,200 people.
Official website here: www.chadhousing.org
Who is the CEO of Community Housing Advocacy And Development?
Mary Loch is the Chairperson of Community Housing Advocacy And Development.
Official website here: www.chadhousing.org
What is the revenue of Community Housing Advocacy And Development?
Community Housing Advocacy And Development's revenue in 2022 was $7,307,138.
Official website here: www.chadhousing.org
Who are the executives of Community Housing Advocacy And Development and what are their salaries?
The average compensation at Community Housing Advocacy And Development during 2022 was $81,446. There are 15 employees and 10 volunteers at Community Housing Advocacy And Development.
Here are 12 key members and their salaries:
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- Compensation: $152,376
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- Other: $5,117
- Compensation: $100,122
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- Other: $8,545
Official website here: www.chadhousing.org
Where can I find the form 990 for Community Housing Advocacy And Development?
Community Housing Advocacy And Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chadhousing.org
Learn more at the official website: www.chadhousing.org
Mission Statement of Community Housing Advocacy And Development
Community Housing Advocacy and Development, or CHAD, is dedicated to providing high-quality, affordable housing where individuals and families can live, work, and thrive. Its mission is centered around creating an environment where residents can lead fulfilling lives, saving them significant financial resources in the process. Specifically, CHAD provides below-market rate rental housing to over 1,200 people annually, resulting in savings of over $1,500,000 for its residents. This commitment to affordable housing allows countless individuals and families to live with financial security and stability, fostering a sense of community and well-being.
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Impact
October, 2024
Community Housing Advocacy and Development (CHAD) significantly impacts the Wheaton, IL community by providing quality, affordable housing that enables individuals and families to thrive. By offering below-market rate rental options, CHAD saves residents over $1.5 million annually, making housing more accessible for over 1,200 people. This not only alleviates financial burdens but also fosters stability, allowing families to focus on work, education, and building a better future. Through its commitment to delivering essential housing solutions, CHAD plays a crucial role in enhancing the overall quality of life for its residents and contributing to the community's economic vitality.
This information is meant to be a general summary of Community Housing Advocacy And Development. 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: $421,974
- Program Service Revenue: $6,814,515
- Gross Receipts: $7,361,090
Assets and Liabilities:
- Total Assets: $43,551,754
- Total Liabilities: $19,325,304
- Net Assets: $24,226,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT INCOME
Revenue
$5,116,487
HOUSING ASSISTANCE PMT
Revenue
$1,596,241
LAUNDRY AND LATE FEES
Revenue
$101,787
Organization Details
Founding Year
1983
Phone
(630) 456-4452Principal Officer
Mary Loch
Main Address
531 EAST ROOSEVELT ROAD 201, WHEATON, IL, 60187
Website
www.chadhousing.orgNTEE Category
Code: L20Z - Housing
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