Overview
What is Catholic Charities Housing Dev Corp?
Catholic Charities Housing Development Corporation is a nonprofit organization situated in Chicago, Illinois, specifically at 721 N La Salle St. Their primary mission involves the development and management of housing facilities, with a focus on serving veterans, the elderly, and individuals with disabilities. They are instrumental in operating St. Leo Home for Veterans, a 141-unit residence for homeless veterans, and hold a significant share in the limited partnership that owns this facility. Furthermore, they manage a 22-unit supportive residence for low-income seniors. Their activities extend beyond just housing, as they record their share of the partnership's net revenues and expenses on their financial statements.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 75% - Three-Star out of Four Star Rating**
Catholic Charities Housing Development Corporation has received a 75% rating, indicating a satisfactory level of accountability and finance management. This rating is solely based on financial metrics, reflecting a strong commitment to maintaining a healthy program expense ratio of over 90%, which indicates that a significant portion of its resources is directed towards its mission.
However, the organization has room for improvement, particularly regarding board independence; it currently lacks independent board members, raising concerns about governance. Other financial aspects, such as the liabilities to assets ratio and compliance with transparency measures (like website documentation), have also been noted as areas that need attention.
Unfortunately, user reviews from GreatNonprofits could not be retrieved, which limits the understanding of community sentiment around the organization. Overall, while Catholic Charities Housing Development Corp demonstrates strong financial management, its governance structure and transparency may need further enhancement to fully adhere to best practices in nonprofit accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Charities Housing Dev Corp legitimate?
Catholic Charities Housing Dev Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Charities Housing Dev Corp 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: $783,680
For more financial information, click here
What is the mission statement of Catholic Charities Housing Dev Corp?
Catholic Charities Housing Development Corporation focuses on developing and managing housing solutions for vulnerable populations, specifically veterans, seniors, and individuals with disabilities. One of their key initiatives involves managing a 141-unit residence for homeless veterans and operating a 22-unit supportive housing facility for low-income seniors. In addition to construction and management, the organization also owns a significant share of a limited partnership that owns the St. Leo Home for Veterans. Their activities are aimed at providing necessary housing and related facilities to these groups, enhancing their quality of life.
Who is the CEO of Catholic Charities Housing Dev Corp?
James Cunnea is the Vice President of Catholic Charities Housing Dev Corp.
What is the revenue of Catholic Charities Housing Dev Corp?
Catholic Charities Housing Dev Corp's revenue in 2022 was $10,918,856.
Who are the executives of Catholic Charities Housing Dev Corp and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $240,707
- Other: $38,454
- Compensation: $0
- Related: $211,490
- Other: $51,092
- Compensation: $0
- Related: $132,024
- Other: $42,439
- Compensation: $0
- Related: $158,392
- Other: $16,020
- Compensation: $0
- Related: $137,632
- Other: $33,567
- Compensation: $0
- Related: $102,377
- Other: $28,520
- Compensation: $0
- Related: $97,607
- Other: $6,239
Where can I find the form 990 for Catholic Charities Housing Dev Corp?
Catholic Charities Housing Dev Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Catholic Charities Housing Dev Corp
Catholic Charities Housing Development Corporation is dedicated to addressing the housing needs of vulnerable populations, specifically veterans, seniors, and individuals with disabilities. The organization's mission involves the development and construction of suitable housing and related facilities for these groups. Catholic Charities Housing Development Corporation manages two significant residences as part of this mission. The first is a 141-unit residence designed for homeless veterans, providing them with a safe and supportive living environment. The second is a 22-unit supportive residence for low-income seniors, ensuring they have access to appropriate housing as well. The corporation also manages a 99.99% share in the St. Leo Residence LP, which owns the St. Leo Home for Veterans, where it records the net of revenues and expenses for the partnership on its financial statements.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Catholic Charities Housing Dev Corp significantly impacts the lives of veterans, seniors, and individuals with disabilities by developing and managing essential housing solutions. Through the construction and oversight of specialized residences, the organization addresses the pressing need for safe and supportive living environments.
One of its key initiatives is the St. Leo Home for Veterans, a dedicated 141-unit residence that provides shelter and resources for homeless veterans, helping them transition into stable housing while fostering a sense of community and support. Additionally, the organization operates a 22-unit supportive residence tailored for low-income seniors, ensuring that this vulnerable population has access to necessary services and a dignified living space.
By focusing on these groups, the organization not only alleviates housing shortages but also enhances the quality of life for residents through comprehensive facility programs. The commitment to developing housing options fosters stability, promotes independence, and contributes to the overall well-being of individuals who have served the country and those who are older or disabled. Through its targeted efforts, Catholic Charities Housing Dev Corp plays a crucial role in addressing homelessness and providing essential support to marginalized populations in Chicago and beyond.
This information is meant to be a general summary of Catholic Charities Housing Dev Corp. 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: $338,728
- Program Service Revenue: $10,524,796
- Gross Receipts: $10,918,856
Assets and Liabilities:
- Total Assets: $28,399,743
- Total Liabilities: $13,498,172
- Net Assets: $14,901,571
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$679,094
Resident Rental Fees
Revenue
$179,173
St. Leo Residence, LP
Revenue
$9,666,529
Organization Details
Founding Year
1987
Phone
(312) 655-7000Principal Officer
James Cunnea
Main Address
721 N La Salle St, Chicago, IL, 60654
NTEE Category
Code: L210 - Housing
If you are a representative of Catholic Charities Housing Dev Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.