Overview
What is Community Housing Resources?
Community Housing Resources is a Minneapolis-based nonprofit organization that received 707 scattered site public housing units from the Minneapolis Public Housing Authority (MPHA) on October 1, 2020. Their primary mission is to provide affordable housing solutions for low-income individuals and families in Minneapolis, Minnesota. They lease these units to eligible residents at approximately 30% of their adjusted income, adhering to the rules governing Federal Section 8 Project-Based Housing. By partnering with MPHA, Community Housing Resources supports the larger initiative of providing affordable housing within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90%
Community Housing Resources has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 90%, the organization demonstrates strong governance practices, including an independent board with 90% of its members being independent. This reflects a commitment to ethical oversight and decision-making.
The organization excels in financial management, as evidenced by its low liabilities to assets ratio of 8.02% and an exceptional program expense ratio of 89.81%. These statistics suggest that a significant majority of its funds are directed toward programs and services rather than administrative costs, aligning well with its mission to provide housing resources.
While the ratings are impressive, no specific limitations or challenges were noted in the feedback. Overall, Community Housing Resources stands out as a financially sound organization with robust governance practices, ensuring donor confidence and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Resources legitimate?
Community Housing Resources is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Resources 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: $0
For more financial information, click here
What is the mission statement of Community Housing Resources?
Community Housing Resources is dedicated to providing affordable housing solutions for low-income individuals in Minneapolis, Minnesota. In alignment with this mission, they have received 707 units of public housing from the Minneapolis Public Housing Authority (MPHA) on October 1, 2020. By leasing these units, Community Housing Resources makes them accessible to eligible families at approximately 30% of their adjusted income, as per the regulations of Federal Section 8 Project-Based Housing. The organization's commitment to providing affordable housing plays a crucial role in ensuring that a diverse population has access to stable housing. By offering this essential resource, Community Housing Resources contributes to the overall well-being and stability of the community.
Who is the CEO of Community Housing Resources?
Tim Durose is the Ceo of Community Housing Resources. The CEO's salary of Community Housing Resources is $0 and their total compensation is $225,247.
What is the revenue of Community Housing Resources?
Community Housing Resources's revenue in 2022 was $14,059,276.
Who are the executives of Community Housing Resources and what are their salaries?
There 10 volunteers at Community Housing Resources.
Here are 20 key members and their salaries (Community Housing Resources's CEO's salary is $0 and their total compensation is $225,247):
- Compensation: $0
- Related: $185,561
- Other: $39,686
- Compensation: $0
- Related: $179,106
- Other: $40,318
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $184,892
- Other: $36,224
- Compensation: $0
- Related: $162,467
- Other: $33,203
- Compensation: $0
- Related: $171,498
- Other: $36,909
- Compensation: $0
- Related: $168,741
- Other: $21,536
- Compensation: $0
- Related: $158,584
- Other: $32,935
- Compensation: $0
- Related: $145,341
- Other: $39,453
- Compensation: $0
- Related: $133,007
- Other: $32,476
- Compensation: $0
- Related: $127,518
- Other: $36,893
- Compensation: $0
- Related: $126,997
- Other: $35,195
Where can I find the form 990 for Community Housing Resources?
Community Housing Resources's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Housing Resources
Community Housing Resources, a nonprofit organization, is dedicated to making a difference in the lives of low-income individuals in Minneapolis, Minnesota. By partnering with the Minneapolis Public Housing Authority, CHR has taken on an essential mission: providing affordable housing solutions.
The recent donation of 707 scattered site public housing units from the Minneapolis Public Housing Authority to Community Housing Resources marks a significant step forward in achieving this mission. CHR now leases these units to eligible families at approximately 30% of their adjusted income, adhering to the rules governing federal Section 8 project-based housing.
The impact of this partnership is immense. With these affordable housing opportunities, families no longer have to worry about the burden of high rents or living in substandard conditions. Instead, they can focus on building a stable life and securing a better future for themselves and their loved ones.
Community Housing Resources' unwavering commitment to affordable housing has brought hope and relief to countless families in need. By offering these affordable housing units, they are not just providing a roof over people's heads; they are offering them the chance to thrive and succeed.
In summary, Community Housing Resources is a nonprofit organization that is making a difference in the lives of low-income individuals in Minneapolis, Minnesota, by partnering with the Minneapolis Public Housing Authority to provide affordable housing solutions. Their recent donation of 707 scattered site public housing units has enabled them to lease these units to eligible families at approximately 30% of their adjusted income, offering them a stable living environment and the opportunity to build a better future.
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Impact
October, 2024
Community Housing Resources has a significant impact on the availability of affordable housing for low-income families in Minneapolis. By leasing 707 scattered site public housing units, which were donated by the Minneapolis Public Housing Authority, CHR provides crucial support to families in need. These units are offered at approximately 30% of the families' adjusted income, making housing more accessible to those facing financial challenges.
This initiative not only addresses the urgent need for affordable housing but also contributes to the stability and well-being of low-income communities in the area. By aligning with federal Section 8 project-based housing guidelines, CHR ensures that families can build a foundation for themselves in a supportive environment. In doing so, Community Housing Resources enhances housing stability while promoting equitable access to essential resources in Minneapolis.
This information is meant to be a general summary of Community Housing Resources. 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: -$29,831
- Program Service Revenue: $14,089,107
- Gross Receipts: $14,096,555
Assets and Liabilities:
- Total Assets: $43,569,171
- Total Liabilities: $3,500,791
- Net Assets: $40,068,380
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL REVENUE
Revenue
$14,089,107
Organization Details
Founding Year
2001
Phone
(612) 342-1400Principal Officer
Tim Durose
Main Address
1001 WASHINGTON AVE N, MINNEAPOLIS, MN, 55401
NTEE Category
Code: L20 - Housing
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