Overview
What is Community Housing Network Inc?
Community Housing Network Inc, based in Troy, Michigan, is a dedicated nonprofit organization with a mission to strengthen communities by connecting people to housing resources. They provide affordable housing, administer supportive housing, act as a leading provider of homeless prevention and rapid re-housing resources, and offer various other housing programs, including housing counseling, foreclosure prevention counseling, and financial counseling. Through these initiatives, Community Housing Network serves individuals and families who are homeless or at risk of homelessness, people with disabilities, and other vulnerable people in southeast Michigan. In response to the COVID-19 pandemic, they engaged with community partners, funders, and government agencies to ensure effective service delivery and build community resilience. Through the CERA program, they provided nearly $95 million in emergency rental assistance, helping over 3,500 households with eviction prevention and other housing crises, and ensuring local landlords received needed funds to maintain rental housing stock. Additionally, they provided COVID-19 response aid for emergency housing and basic needs to over 1,197 individuals.
Official website here: www.communityhousingnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Community Housing Network Inc has received an 88% rating from Charity Navigator, indicating a strong focus on accountability and financial management. The organization boasts a fully independent board and maintains rigorous financial oversight, including a solid program expense ratio of 95.27%. These strengths suggest that the organization is committed to responsible financial practices and transparency.
However, user reviews paint a contrasting picture, with some clients expressing significant dissatisfaction. One reviewer shared a traumatic personal experience regarding their treatment and alleged racial profiling, leading to feelings of abandonment by the organization. This highlights potential gaps in the organization's client support and responsiveness to the needs of individuals facing severe hardships.
While Community Housing Network Inc demonstrates solid governance and financial health, the feedback from former clients raises concerns about their operational effectiveness and the quality of support offered. This dichotomy between financial metrics and user experiences suggests areas for improvement in service delivery and client care.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Community Housing Network Inc legitimate?
Community Housing Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Network Inc 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: $789,859
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,219,231
For more financial information, click here
Official website here: www.communityhousingnetwork.org
What is the mission statement of Community Housing Network Inc?
Community Housing Network Inc's mission is to enhance communities by linking individuals to essential housing resources. They achieve this goal by offering affordable housing, managing supportive housing, and serving as a leading provider of homeless prevention and rapid re-housing resources. Additionally, they provide housing counseling, foreclosure prevention counseling, and financial counseling to help people in need. Their programs cater to those who are homeless or at risk of homelessness, individuals with disabilities, low-income families, and other vulnerable groups in various communities.
Official website here: www.communityhousingnetwork.org
Who is the CEO of Community Housing Network Inc?
Marc Craig is the Board Member of Community Housing Network Inc.
Official website here: www.communityhousingnetwork.org
What is the revenue of Community Housing Network Inc?
Community Housing Network Inc's revenue in 2022 was $57,475,934.
Official website here: www.communityhousingnetwork.org
Who are the executives of Community Housing Network Inc and what are their salaries?
The average compensation at Community Housing Network Inc during 2022 was $36,317. There are 193 employees and 193 volunteers at Community Housing Network Inc.
Here are 16 key members and their salaries:
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- Compensation: $242,500
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- Compensation: $146,046
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- Compensation: $150,523
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- Other: $34,085
- Compensation: $111,571
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- Other: $37,183
Official website here: www.communityhousingnetwork.org
Where can I find the form 990 for Community Housing Network Inc?
Community Housing Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityhousingnetwork.org
Learn more at the official website: www.communityhousingnetwork.org
Mission Statement of Community Housing Network Inc
Community Housing Network, a Michigan-based organization, is dedicated to strengthening communities by connecting people to essential housing resources. By providing affordable housing, administering supportive housing, and leading the way in homeless prevention and rapid re-housing, Community Housing Network aims to make a positive impact on the lives of those who are homeless or at risk of homelessness. Furthermore, the organization offers a range of housing programs, including housing counseling, foreclosure prevention counseling, and financial counseling, which cater to people with disabilities, those with low incomes, and other vulnerable individuals in the region. Through these initiatives, Community Housing Network is able to help individuals and families secure stable housing and build sustainable communities.
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Impact
October, 2024
Community Housing Network Inc has significantly impacted the lives of individuals and families by providing essential housing resources and support during critical times, particularly in the wake of the COVID-19 pandemic. By engaging with community partners, funders, and government agencies, CHN has effectively addressed the urgent needs of at-risk residents facing housing crises.
The organization played a pivotal role in managing nearly $95 million in COVID Emergency Rental Assistance (CERA), which has been instrumental in preventing evictions and stabilizing households. This initiative enabled CHN to assist 3,514 households, providing up to 15 months of rental assistance and utility support, including help with internet services. The financial aid not only benefited struggling tenants but also ensured that local landlords received the necessary funds to maintain their rental properties, thereby supporting the overall housing market and preventing further homelessness.
Beyond emergency assistance, CHN provided vital COVID-19 response aid to 1,197 individuals, helping to meet their basic needs during an unprecedented crisis. The organization's commitment extends to a broader mission of strengthening communities through various housing programs, including affordable housing, supportive housing, and resources for homeless prevention. By serving vulnerable populations—such as those with disabilities, low-income families, and individuals at risk of homelessness—CHN is making significant strides in promoting community resilience and improving the quality of life in Southeast Michigan.
This information is meant to be a general summary of Community Housing Network Inc. 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: $144,243
- Program Service Revenue: $1,297,549
- Gross Receipts: $57,494,098
Assets and Liabilities:
- Total Assets: $19,015,047
- Total Liabilities: $10,839,874
- Net Assets: $8,175,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE INCOME
Revenue
$1,025,548
DEVELOPERS FEES
Revenue
$149,702
LEASE INCOME
Revenue
$122,299
Organization Details
Founding Year
2001
Phone
(248) 928-0111Principal Officer
Marc Craig
Main Address
5505 CORPORATE DR 300, TROY, MI, 48098
NTEE Category
Code: S50 - Community improvement
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