Overview
What is Columbia Downtown Housing Corporation?
Columbia Downtown Housing Corporation (CDHC) is a nonprofit organization that collaborates with local authorities and other entities to promote affordable housing opportunities in Downtown Columbia, Maryland. Their primary mission is to provide housing solutions for low- and moderate-income individuals and families. The organization entered into a long-term partnership agreement in 2017, known as the "Agreement for Affordable Housing Downtown Columbia," to achieve this goal. In 2022, two residential buildings with inclusionary units were completed. These include Marlow in the Merriweather District, featuring 15 very-low income units and 15 middle income units, and Juniper Apartments with 12 very-low income units and 12 middle income units. The Commission and HRD are finalizing their master-lease agreement for the very-low income units in Marlow, making it the second affordable housing option in one of Howard County's most expensive neighborhoods. Under a development agreement, CDHC utilizes its commercial fee revenue to help cover utility costs for the very-low income units. In 2022, the organization updated its memorandum of understanding (MOU) with the Commission to also assist in covering utility costs for the very-low income units at Marlow and Juniper. This continued commitment to affordable housing expansion is a testament to CDHC's dedication to serving its community.
Is Columbia Downtown Housing Corporation legitimate?
Columbia Downtown Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Downtown Housing Corporation 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 Columbia Downtown Housing Corporation?
The Columbia Downtown Housing Corporation's mission is focused on making affordable housing available to low and moderate income individuals and families. They collaborate with various entities to achieve this objective, including the county administration, the Howard Research and Development Corporation, and the Howard County Housing Commission. Through partnerships, they implement strategies for affordable housing, as outlined in their agreement, which aligns with the Development Rights and Responsibilities Agreement. In 2022, significant progress was made with the completion of Marlow, a residential building that includes both very-low income and middle income units. Additionally, the corporation updated its Memorandum of Understanding with the Howard County Housing Commission to cover utility costs for the very-low income units in Marlow and Juniper Apartments.
Who is the CEO of Columbia Downtown Housing Corporation?
Jolly Burks is the Board Chair, President of Columbia Downtown Housing Corporation.
What is the revenue of Columbia Downtown Housing Corporation?
Columbia Downtown Housing Corporation's revenue in 2022 was $115,512.
Who are the executives of Columbia Downtown Housing Corporation and what are their salaries?
Here are 14 key members and their salaries:
- 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: $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
Where can I find the form 990 for Columbia Downtown Housing Corporation?
Columbia Downtown Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Columbia Downtown Housing Corporation
Columbia Downtown Housing Corporation, a nonprofit organization, is committed to making affordable housing available to low and moderate income individuals and families. The corporation works in partnership with the county administration, the Howard Research and Development Corporation, and the Howard County Housing Commission to achieve this goal. Their mission is to provide affordable housing options, implementing various strategies to meet the needs of these income groups.
In 2017, Columbia Downtown Housing Corporation entered into a long-term partnership agreement titled "Agreement for Affordable Housing Downtown Columbia" with the aforementioned partners. This agreement aligns with the Development Rights and Responsibilities Agreement executed by the county and Howard Research and Development Corporation. In 2022, the Howard Research and Development Corporation completed construction and began leasing Marlow, a residential building in the Merriweather District. Marlow houses 15 very-low income units and 15 middle income units, with the Commission and Howard Research and Development Corporation finalizing their master-lease agreement for the very-low income units. Marlow, along with Juniper Apartments, which has 12 very-low income units and 12 middle income units, expands affordable housing opportunities in one of Howard County's most expensive neighborhoods.
Under the Development Rights and Responsibilities Agreement, Columbia Downtown Housing Corporation utilizes its commercial fee revenue to assist the commission in covering the utility costs for the very-low income units. In 2022, the corporation updated its Memorandum of Understanding with the commission to also aid in covering the utility costs for the very-low income units at Marlow and Juniper. This ongoing commitment to affordable housing and utilities further demonstrates the mission of Columbia Downtown Housing Corporation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Columbia Downtown Housing Corporation (CDHC) plays a pivotal role in enhancing the availability of affordable housing for low- and moderate-income individuals and families in downtown Columbia, Maryland. By collaborating with local governmental bodies and organizations, CDHC helps implement crucial affordable housing objectives through established partnerships, most notably the four-party agreement with Howard Research and Development Corporation, Howard County Housing Commission, and the Howard County administration.
In recent developments, CDHC has facilitated the construction and leasing of Marlow, a residential project that includes 15 very-low-income units and 15 middle-income units. This project complements the previously established Juniper Apartments, which also offers affordable housing options, thereby expanding the inventory of inclusionary units in a region characterized by high living costs. The impact of CDHC is not just in the physical structures it helps create, but in ensuring sustained affordability through financial strategies, such as supporting utility costs for very-low-income units.
By addressing the pressing need for inclusive housing solutions, CDHC significantly contributes to community diversity and stability, enabling families and individuals with limited financial means to access quality living conditions in a desirable area. This work ultimately fosters stronger, more equitable community development in downtown Columbia.
This information is meant to be a general summary of Columbia Downtown Housing Corporation. 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: $62,436
- Gross Receipts: $115,512
Assets and Liabilities:
- Total Assets: $8,634,270
- Total Liabilities: $21,282
- Net Assets: $8,612,988
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(410) 935-3379Principal Officer
Jolly Burks
Main Address
9820 PATUXENT WOODS DR 224, COLUMBIA, MD, 21046
NTEE Category
Code: L21 - Housing
If you are a representative of Columbia Downtown Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.