Overview
What is Center City Housing Corp?
Center City Housing Corp is a nonprofit organization based in Duluth, Minnesota, with the address 105 12 WEST FIRST STREET. Their primary mission is to provide affordable housing, developing, owning, and managing various housing projects for those in need. The organization offers supportive services to residents living in San Marco, River Crest, Gage East, Hillsdale Apartments, Gateway, Park Place, Garfield, Cahill, Birchwood, Mayowood, and various family supportive housing projects under its ownership, as well as Silver Creek and The Francis (up to December 31, 2021) in Rochester (though not owned by the corporation). These supportive services include, but are not limited to, case management, educational classes, nutrition services, medical assistance, budgeting assistance, and social service referrals. As of the provided information, the organization employs 342 individuals.
Official website here: www.centercityhousing.org
What are the reviews and ratings of this charity?
**Center City Housing Corp - Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)**
Center City Housing Corp has achieved an overall score of 85%, reflecting strong performance in accountability and finance metrics. The high rating indicates that the organization excels in areas such as governance, financial oversight, and transparency. It notably has a fully independent board and has demonstrated effective management of resources, but its low score in the liabilities to assets ratio suggests potential financial vulnerability.
Strengths of the organization include a solid governance structure, as evidenced by its perfect scores across various accountability measures. The organization provides clear documentation and policies, which indicates a commitment to transparency and ethical management. However, the significant liabilities relative to assets raised concerns about its financial health, warranting attention for future stability.
User reviews from GreatNonprofits are currently not available, which limits insights from those directly engaged with the organization. Nonetheless, the available data points highlight critical organizational strengths while signaling potential areas for improvement, particularly in financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Center City Housing Corp legitimate?
Center City Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center City Housing 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: $549,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,430,777
For more financial information, click here
Official website here: www.centercityhousing.org
What is the mission statement of Center City Housing Corp?
Center City Housing Corp's mission is centered around providing affordable housing and associated services to individuals in need. The organization, through its activities, develops, manages, or oversees quality housing opportunities. Beyond just housing, Center City Housing Corp also offers supportive services to its residents, which may include case management, educational classes, nutrition services, medical assistance, budgeting assistance, and social services referrals. These services are designed to enhance the living experiences of the residents, providing them with a holistic approach to housing.
Official website here: www.centercityhousing.org
Who is the CEO of Center City Housing Corp?
Nancy Cashman is the Board President of Center City Housing Corp.
Official website here: www.centercityhousing.org
What is the revenue of Center City Housing Corp?
Center City Housing Corp's revenue in 2022 was $9,029,653.
Official website here: www.centercityhousing.org
Who are the executives of Center City Housing Corp and what are their salaries?
The average compensation at Center City Housing Corp during 2022 was $11,639. There are 342 employees and 15 volunteers at Center City Housing Corp.
Here are 17 key members and their salaries:
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- Compensation: $119,058
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- Compensation: $115,317
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- Other: $884
- Compensation: $111,075
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- Other: $14,552
Official website here: www.centercityhousing.org
Where can I find the form 990 for Center City Housing Corp?
Center City Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centercityhousing.org
Learn more at the official website: www.centercityhousing.org
Mission Statement of Center City Housing Corp
Center City Housing Corp, a nonprofit organization, is dedicated to providing affordable housing opportunities and associated services for those in need. Their mission is to develop, own, and manage high-quality housing units, catering to a diverse group of residents. Beyond just providing shelter, Center City Housing Corp offers supportive services to its residents, including but not limited to case management, educational classes, nutrition services, medical assistance, budgeting assistance, and social services referrals. These services aim to enhance the living experiences of the residents and assist them in overcoming various challenges they may face. The corporation's commitment to its residents extends to multiple housing projects, including San Marco, River Crest, Gage East, Hillside Apartments, Gateway, Park Place, Garfield, Cahill, Birchwood, Mayowood, and various family supportive housing projects, as well as Silver Creek and The Francis (up until December 31, 2021) in Rochester, albeit not owned by the corporation itself.
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Impact
October, 2024
Center City Housing Corp plays a vital role in enhancing the quality of life for individuals and families in Duluth, Minnesota, by providing access to affordable housing options. Its efforts focus on developing, owning, and managing quality housing that caters to those most in need, ensuring that residents have safe and stable places to call home.
The organization implements supportive services across various properties, such as San Marco, River Crest, and Hillside Apartments, among others. These services are designed to empower residents and help them achieve personal and financial stability. Supportive offerings include case management, educational classes, nutrition assistance, medical guidance, budgeting help, and referrals to social services. This comprehensive approach addresses both housing needs and the holistic requirements of the residents, fostering a supportive community environment.
By prioritizing affordable housing and essential services, Center City Housing Corp significantly impacts the well-being of its residents, contributing to stronger families and healthier neighborhoods in the Duluth area. Through its initiatives, it not only provides shelter but also promotes personal growth and community integration for those who are often marginalized or facing challenges.
This information is meant to be a general summary of Center City Housing 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: $11,701
- Program Service Revenue: $5,924,625
- Gross Receipts: $9,029,653
Assets and Liabilities:
- Total Assets: $38,692,411
- Total Liabilities: $36,113,842
- Net Assets: $2,578,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$2,251,437
RESIDENTIAL RENTS
Revenue
$1,322,053
HOUSING ASSISTANCE PMT
Revenue
$1,073,011
COMMERCIAL RENTS
Revenue
$692,612
MANAGEMENT FEES
Revenue
$347,842
Organization Details
Founding Year
1986
Phone
(218) 722-7161Principal Officer
Nancy Cashman
Main Address
105 12 WEST FIRST STREET, DULUTH, MN, 558022092
Website
www.centercityhousing.orgNTEE Category
Code: L80 - Housing
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