Overview
What is Community Housing Initiatives Inc?
Community Housing Initiatives Inc, located in Spencer, Iowa, is a nonprofit organization that focuses on providing decent and safe affordable housing for low and moderate-income individuals. They cater to a population of approximately 3,300 people, including seniors, families, and individuals with disabilities. Apart from housing, they also engage in community building, fostering social cohesion, resident leadership development, and enhancing neighborhood structures, such as housing and public spaces, through collaboration with local stakeholders. Additionally, they offer a range of services to their residents, including youth programs, financial management, health and wellness programs, social events, and leadership development. Their mission is to leverage and maximize opportunities for vibrant and resilient communities. With a workforce of 46 employees, Community Housing Initiatives Inc is committed to enriching the lives of those in need.
Official website here: www.chihousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Community Housing Initiatives Inc has received a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization scored an impressive 96%, indicating robust financial health and transparency. This rating is significant as it highlights the nonprofit's commitment to responsible management of resources, which is essential for building trust with donors and the community it serves.
The organization excels in several key areas, including a completely independent board, which ensures effective governance and decision-making. With a program expense ratio of 85.18%, the majority of its expenditures are directed toward its programs, maximizing the impact of funds received. Additionally, full compliance with financial and ethical policies, such as conflict of interest and whistleblower policies, further demonstrates its commitment to integrity.
While the data does not indicate specific limitations or challenges faced by Community Housing Initiatives Inc, the focus on accountability and high program spending positions it favorably among nonprofits. Overall, the charity exemplifies best practices in financial management and governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Initiatives Inc legitimate?
Community Housing Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Initiatives 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: $389,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,693,253
For more financial information, click here
Official website here: www.chihousing.com
What is the mission statement of Community Housing Initiatives Inc?
Community Housing Initiatives Inc's mission is to utilize and amplify opportunities for thriving and resilient communities. Their primary focus is on providing decent and affordable housing for individuals with low and moderate incomes. Approximately 3,300 individuals, including seniors, families, and those with disabilities, benefit from their affordable rental housing services. In addition to housing, Community Housing Initiatives Inc supports targeted neighborhoods by fostering social cohesion, nurturing local resident leadership, and enhancing the physical appearance of neighborhood structures, including housing and public spaces, through collaboration with residents and key local stakeholders. Furthermore, they offer a range of services to residents of their rental properties, including service coordination, youth programs, financial management assistance, health and wellness programs, social events, and leadership development.
Official website here: www.chihousing.com
Who is the CEO of Community Housing Initiatives Inc?
Samantha Erickson is the Chief Operating Officer of Community Housing Initiatives Inc.
Official website here: www.chihousing.com
What is the revenue of Community Housing Initiatives Inc?
Community Housing Initiatives Inc's revenue in 2022 was $4,960,621.
Official website here: www.chihousing.com
Who are the executives of Community Housing Initiatives Inc and what are their salaries?
The average compensation at Community Housing Initiatives Inc during 2022 was $45,272. There are 46 employees and 1492 volunteers at Community Housing Initiatives Inc.
Here are 11 key members and their salaries:
- Compensation: $198,994
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- Other: $26,074
- Compensation: $137,050
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- Other: $27,142
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.chihousing.com
Where can I find the form 990 for Community Housing Initiatives Inc?
Community Housing Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chihousing.com
Learn more at the official website: www.chihousing.com
Mission Statement of Community Housing Initiatives Inc
Community Housing Initiatives Inc, a nonprofit organization, is dedicated to its mission of leveraging and maximizing opportunities for vibrant and resilient communities. Its primary focus is to provide decent, safe, and affordable housing for low and moderate-income individuals. To achieve this, the organization develops and operates approximately 3,300 units of affordable rental housing, benefiting over 3,000 people, including seniors, families, and individuals with disabilities.
Beyond its housing initiatives, Community Housing Initiatives Inc also engages in community building activities. It supports targeted neighborhoods by fostering social cohesion, developing local resident leadership, and enhancing the physical appearance of neighborhood structures, including housing and public spaces. This is done in collaboration with residents and other key local stakeholders.
In addition to its housing and community building efforts, Community Housing Initiatives Inc also provides a range of services to its residents. These services include, but are not limited to, service coordination, youth programs, financial management, health and wellness programs, social events, and leadership development. By offering these comprehensive services, the organization aims to support and empower its residents, helping them to lead fulfilling and stable lives.
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Impact
July, 2024
Community Housing Initiatives Inc's impact lies in providing decent, safe, and affordable housing for low and moderate-income individuals, benefiting approximately 3,300 persons. The organization serves seniors, families, and persons with disabilities, focusing on developing and operating affordable rental housing. In addition to affordable housing initiatives, the organization also supports targeted neighborhoods by building social cohesion, developing local resident leadership, and beautifying neighborhood structures. Through collaboration with residents and key stakeholders, Community Housing Initiatives Inc contributes to community building efforts. Moreover, the organization provides a range of services to residents of rental properties, including service coordination, youth programs, financial management, health and wellness programs, social events, and leadership development. In pursuing their mission to leverage and maximize opportunities for vibrant and resilient communities, Community Housing Initiatives Inc plays a crucial role in addressing the housing needs of low and moderate-income individuals.
This information is meant to be a general summary of Community Housing Initiatives 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: $13,476
- Program Service Revenue: $4,273,207
- Gross Receipts: $4,960,621
Assets and Liabilities:
- Total Assets: $48,515,149
- Total Liabilities: $6,961,037
- Net Assets: $41,554,112
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT & DEVELOPME
Revenue
$2,677,050
RENTAL INCOME
Revenue
$1,360,254
LOAN INTEREST INCOME
Revenue
$160,403
Organization Details
Founding Year
1994
Phone
(712) 262-5640Principal Officer
Samantha Erickson
Main Address
328 GRAND AVENUE, SPENCER, IA, 51301
Website
www.chihousing.comNTEE Category
Code: L200 - Housing
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