Overview
What is Community Housing Mgmt Corp?
Community Housing Management Corp, based in St. Louis, Missouri, is a nonprofit organization that provides management and administrative services to related entities dedicated to offering affordable senior living facilities for low-income elderly residents. These related organizations include Covenant Apartments II, Inc., Community Housing Association, Inc., Covenant Place Foundation, Covenant Place Senior Center, Covenant Place I, Covenant Place II, and Covenant Place III. Community Housing Management Corp goes beyond just offering safe housing; it also ensures residents have access to supportive health, wellness, education, nutrition, and socialization services and programs. The organization manages the operations of the related entities, employing all staff and handling all bills, in exchange for a management fee. Community Housing Management Corp also oversees the development of new affordable senior living facilities, ensuring the continued availability of quality housing for the elderly population. With a team of 32 employees, they remain committed to enhancing the lives of seniors through affordable housing and essential services.
Official website here: www.covenantplacestl.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates that Community Housing Mgmt Corp has achieved a Four-Star out of Four Star rating, reflecting exceptional performance in accountability and finance. This high score is based entirely on a robust accountability and finance beacon, suggesting strong financial health and transparency.
The organization boasts a fully independent board, which enhances its governance structure. They have demonstrated excellent practices in financial oversight, with no material diversions of assets reported and a very low liabilities to assets ratio. Additionally, key policies such as conflict of interest, whistleblower, and document retention are in place, further illustrating their commitment to ethical management.
While the organization excels in financial aspects, the summary does not provide specific details about program effectiveness or impact metrics. Nonetheless, the strong accountability indicators suggest that donors can trust Community Housing Mgmt Corp with their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Community Housing Mgmt Corp legitimate?
Community Housing Mgmt Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Mgmt 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $192,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $281
For more financial information, click here
Official website here: www.covenantplacestl.org
What is the mission statement of Community Housing Mgmt Corp?
Community Housing Management Corp. (CHMC) provides management and administrative services to a group of related organizations, namely Covenant Apartments II, Inc., Community Housing Association, Inc., Covenant Place Foundation, Covenant Place Senior Center, Covenant Place I, Covenant Place II, and Covenant Place III. These organizations are dedicated to offering affordable housing to low-income elderly, with Covenant Place III providing housing for adults with qualifying impairments. CHMC's role involves ensuring the safety and caring environment in these communities, while also facilitating the connection of residents to essential support services such as health, wellness, education, nutrition, and socialization programs. By managing the day-to-day operations of these organizations, CHMC enables them to focus on providing affordable housing to their residents. CHMC's fees cover its management services for the current and former properties, and it also oversees the development of Covenant Place III.
Official website here: www.covenantplacestl.org
Who is the CEO of Community Housing Mgmt Corp?
Joan Denison is the President And Ceo of Community Housing Mgmt Corp. The CEO's salary of Community Housing Mgmt Corp is $227,988 and their total compensation is $242,812.
Official website here: www.covenantplacestl.org
What is the revenue of Community Housing Mgmt Corp?
Community Housing Mgmt Corp's revenue in 2022 was $18,068,040.
Official website here: www.covenantplacestl.org
Who are the executives of Community Housing Mgmt Corp and what are their salaries?
The average compensation at Community Housing Mgmt Corp during 2022 was $6,023. There are 32 employees and 15 volunteers at Community Housing Mgmt Corp.
Here are 18 key members and their salaries (Community Housing Mgmt Corp's CEO's salary is $227,988 and their total compensation is $242,812):
- Compensation: $227,988
- Related: $0
- Other: $14,824
- Compensation: $128,214
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- Other: $5,205
- Compensation: $96,460
- Related: $0
- Other: $10,759
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Official website here: www.covenantplacestl.org
Where can I find the form 990 for Community Housing Mgmt Corp?
Community Housing Mgmt Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenantplacestl.org
Learn more at the official website: www.covenantplacestl.org
Mission Statement of Community Housing Mgmt Corp
Community Housing Management Corp (CHMC) is a vital organization that offers management and administrative services to a group of related entities dedicated to providing affordable housing for low-income elderly. These organizations under CHMC's wing include Covenant Apartments II, Inc. (COV II), Community Housing Association, Inc. (CHAI), Covenant Place Foundation (CPF), Covenant Place Senior Center (CPSC), Covenant Place I (CP1), Covenant Place II (CP2), and Covenant Place III (CP3).
The mission of CHMC is multifaceted. It provides essential management and administrative support to these related organizations, ensuring their smooth operation in delivering affordable housing to the elderly population. In addition to providing safe and comfortable living spaces, these organizations offer supportive services that help residents connect with essential health, wellness, education, nutrition, and socialization programs. By managing the day-to-day operations of CPF, CPSC, COV II, CHAI, CP1, and CP2, CHMC enables them to focus on their primary goal of serving the low-income elderly community.
CHMC goes beyond just administrative services by providing oversight for the development of CP3, which in addition to housing for the elderly, also offers housing for adults 18 and above with qualifying impairments. The collective efforts of these organizations under CHMC's leadership result in a caring environment that not only ensures residents have access to affordable housing but also fosters their overall well-being. CHMC's role is instrumental in enhancing the quality of life for the low-income elderly by offering them a sense of security, support, and community.
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Impact
October, 2024
Community Housing Management Corp plays a vital role in enhancing the quality of life for low-income elderly individuals in St. Louis, Missouri. By providing management and administrative services to related organizations focused on affordable housing, it ensures that safe and supportive living environments are available for seniors.
The organization oversees several facilities, including Covenant Place I, II, and III, which are dedicated to offering affordable housing for elderly residents and, in some cases, adults with qualifying impairments. Through its management, Community Housing Mgmt Corp facilitates not just housing but also access to crucial services that promote health, wellness, education, nutrition, and socialization.
By effectively coordinating these resources, Community Housing Mgmt Corp strengthens community ties and fosters a caring atmosphere where elderly individuals can thrive. Its initiatives also include managing the development of new affordable senior living facilities to replace aging units, thereby continuously addressing the evolving housing needs of the community. Overall, the organization's impact is significant in creating a sustainable, supportive environment that empowers seniors to lead fulfilling lives.
This information is meant to be a general summary of Community Housing Mgmt 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.
- Investment Income: $234,208
- Program Service Revenue: $1,150,272
- Gross Receipts: $18,068,040
Assets and Liabilities:
- Total Assets: $31,036,934
- Total Liabilities: $288,144
- Net Assets: $30,748,790
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT SERVICES FEE
Revenue
$736,330
MANAGEMENT FEES
Revenue
$215,817
INCENTIVE MGMT. FEES
Revenue
$125,000
LEASE REVENUE
Revenue
$67,008
ACCOUNTING FEES
Revenue
$6,132
Organization Details
Founding Year
1981
Phone
(314) 432-1610Principal Officer
Joan Denison
Main Address
8 MILLSTONE CAMPUS SUITE 2000, ST LOUIS, MO, 631465774
Website
www.covenantplacestl.orgNTEE Category
Code: L80 - Housing
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