Overview
What is The Affordable Housing Corporation Of Lake County?
The Affordable Housing Corporation of Lake County (AHC) is a dedicated nonprofit organization situated in the Chicago metropolitan area. Their primary mission is to ensure that low and moderate-income individuals can secure and maintain affordable housing. To achieve this objective, AHC administers programs that revitalize neighborhoods, boost the local housing stock, and increase and preserve affordable housing options in the region. By doing so, AHC aims to strengthen communities and empower their residents. In essence, AHC serves as a vital force in promoting decent, safe, and sanitary housing for those with limited financial resources, thereby contributing positively to the overall well-being of the community.
Official website here: www.cpahousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Affordable Housing Corporation of Lake County has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity received a perfect score in multiple areas related to governance and oversight, including having a fully independent board and robust financial controls. This indicates a well-structured organization that prioritizes transparency and responsible use of resources.
The organization's financial metrics are noteworthy, with a program expense ratio of 99.35%, demonstrating that nearly all funds are directed towards its programs rather than administrative costs. Additionally, the low liabilities to assets ratio of 42.42% suggests a stable financial position, enabling it to effectively carry out its mission of providing affordable housing.
While the data presents a positive picture of the Affordable Housing Corporation, ongoing public engagement and community impact could be areas to monitor for future evaluations. Overall, the organization appears to be a reliable and effective nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Affordable Housing Corporation Of Lake County legitimate?
The Affordable Housing Corporation Of Lake County is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Affordable Housing Corporation Of Lake County 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,395
For more financial information, click here
Official website here: www.cpahousing.org
What is the mission statement of The Affordable Housing Corporation Of Lake County?
The Affordable Housing Corporation of Lake County's mission is centered around providing affordable, safe, and sanitary housing for individuals with low and moderate income. The corporation aims to strengthen communities by improving the local housing stock. This is achieved through the administration of programs that revitalize neighborhoods and increase the availability of affordable housing options in the northern section of the Chicago metropolitan statistical area. The corporation's activities also aim to preserve existing affordable housing options, thereby contributing to the stability and growth of these communities.
Official website here: www.cpahousing.org
Who is the CEO of The Affordable Housing Corporation Of Lake County?
Michael Mader is the Chair of The Affordable Housing Corporation Of Lake County.
Official website here: www.cpahousing.org
What is the revenue of The Affordable Housing Corporation Of Lake County?
The Affordable Housing Corporation Of Lake County's revenue in 2022 was $5,136,647.
Official website here: www.cpahousing.org
Who are the executives of The Affordable Housing Corporation Of Lake County and what are their salaries?
The average compensation at The Affordable Housing Corporation Of Lake County during 2022 was $94,599. There are 4 employees and 3 volunteers at The Affordable Housing Corporation Of Lake County.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $120,000
- Related: $0
- Other: $12,623
Official website here: www.cpahousing.org
Where can I find the form 990 for The Affordable Housing Corporation Of Lake County?
The Affordable Housing Corporation Of Lake County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cpahousing.org
Learn more at the official website: www.cpahousing.org
Mission Statement of The Affordable Housing Corporation Of Lake County
The Affordable Housing Corporation of Lake County is dedicated to providing decent, safe, and sanitary housing that is affordable for low and moderate-income individuals. This mission extends beyond just offering housing; the corporation also aims to stabilize and strengthen communities by improving the local housing stock. To achieve this, they administer programs that revitalize neighborhoods and increase and preserve affordable housing options in the northern section of the Chicago metropolitan statistical area. By doing so, they aim to enhance the living conditions of many and contribute to the overall well-being of these communities.
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Impact
October, 2024
The Affordable Housing Corporation of Lake County plays a vital role in promoting affordable housing and community stability in the northern section of the Chicago Metropolitan Statistical Area. By providing decent, safe, and sanitary housing options, it directly addresses the needs of low and moderate-income individuals and families, ensuring that they have access to living conditions that promote dignity and well-being.
Through its initiatives, the corporation not only improves the local housing stock but also revitalizes neighborhoods, contributing to the enhancement of community life. By administering programs that increase and preserve affordable housing options, it helps to combat issues related to housing insecurity and displacement, which can destabilize families and communities.
The corporation’s impact extends beyond mere housing; it fosters a sense of community and belonging, empowering residents to secure and retain stable living conditions. This work helps to build stronger, more resilient neighborhoods, ultimately enriching the quality of life for all residents in the area.
This information is meant to be a general summary of The Affordable Housing Corporation Of Lake County. 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: $2,629
- Program Service Revenue: $5,060,382
- Gross Receipts: $5,136,647
Assets and Liabilities:
- Total Assets: $2,256,048
- Total Liabilities: $957,094
- Net Assets: $1,298,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCEEDS FROM SALES
Revenue
$4,666,371
PROJECT DELIVERY
Revenue
$248,823
INCOME
Revenue
$145,188
Organization Details
Founding Year
1992
Phone
(847) 263-7478Principal Officer
Michael Mader
Main Address
800 S MILWAUKEE AVE 201, LIBERTYVILLE, IL, 60048
Website
www.cpahousing.orgNTEE Category
Code: P20Z - Human services
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