Overview
What is Community Housing Corp?
Community Housing Corp is a nonprofit organization situated in Peoria, Illinois, specifically at 1720 Great Oak Rd. Their primary mission is to provide rental apartments for individuals with moderate to low income levels. The rental costs are determined according to the tenant's income, and their housing portfolio includes the management of Pierson Hills 2 apartments. With a workforce of six dedicated employees, Community Housing Corp plays a significant role in making affordable housing a reality for individuals and families in need.
Is Community Housing Corp legitimate?
Community Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community 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.
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Other Salaries and Wages: $74,943
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What is the mission statement of Community Housing Corp?
Community Housing Corp's mission is centered around providing housing for individuals with moderate to low income. They manage a particular set of apartments known as Pierson Hills 2, and the rent for these units is determined based on the tenants' earnings. This organization's mission is supported by the Section 8 program of HUD, ensuring that affordable housing remains a reality for those who need it. The corporation's goal is to make housing accessible, providing a vital service in the community.
Who is the CEO of Community Housing Corp?
Gene Gathers is the Board President of Community Housing Corp.
What is the revenue of Community Housing Corp?
Community Housing Corp's revenue in 2022 was $438,229.
Who are the executives of Community Housing Corp and what are their salaries?
The average compensation at Community Housing Corp during 2022 was $12,490. There are 6 employees at Community Housing Corp.
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Where can I find the form 990 for Community Housing Corp?
Community Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Housing Corp
Community Housing Corp, as a nonprofit organization, is dedicated to providing affordable housing solutions for individuals and families with moderate to low incomes. Their primary mission is manifested through the management of Pierson Hills 2 apartments, where rent is adjusted based on each tenant's income. This approach ensures that housing remains accessible and affordable for those who require such support. The organization's mission is further facilitated by the subsidization of these units through the Section 8 program of the U.S. Department of Housing and Urban Development (HUD). By offering affordable housing options, Community Housing Corp contributes to improving living conditions and fostering stability for those in need.
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Impact
October, 2024
Community Housing Corp significantly impacts the Peoria, IL community by providing affordable rental housing options to low and moderate-income individuals and families. Through the management of the Pierson Hills 2 apartments, it ensures that tenants can access homes where rent is based on their income, making stable housing more attainable. This approach not only fosters economic stability for residents but also promotes a diverse community.
By participating in the Section 8 program of HUD, Community Housing Corp offers vital subsidies that further alleviate the financial burden on tenants. This empowerment through affordable housing options helps support residents in achieving greater self-sufficiency, improving their quality of life, and contributing positively to the local economy and community fabric. Overall, the organization plays a crucial role in addressing housing insecurity and enhancing the living conditions for many in the area.
This information is meant to be a general summary of Community 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.
- Gross Receipts: $438,229
Assets and Liabilities:
- Total Assets: $738,945
- Total Liabilities: $1,142,405
- Net Assets: -$403,460
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Organization Details
Founding Year
1968
Phone
(309) 676-4717Principal Officer
Gene Gathers
Main Address
1720 Great Oak Rd, Peoria, IL, 61604
NTEE Category
Code: L80 - Housing
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