Overview
What is Columbia Community Housing Trust?
Columbia Community Housing Trust is a nonprofit organization situated in Columbia, Missouri. Established in 2013, the organization received funding from the City of Columbia through a Neighborhood Stabilization Program grant, which was utilized to renovate two houses and make them available for rent to qualified low-income families. Besides this, the trust also utilizes funds to create additional affordable rental housing for this demographic. Moreover, the trust was granted additional funding in 2022 to help the community devise a comprehensive strategy to tackle homelessness. The primary mission of Columbia Community Housing Trust is to develop affordable housing options for both homeownership and rental purposes, with a focus on low-income families.
Official website here: www.columbiaha.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Columbia Community Housing Trust has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is derived from a single beacon score, which highlights the organization’s commitment to maintaining high standards in financial management and transparency. Notably, the charity achieved a perfect score in numerous categories, indicating robust oversight and a well-governed structure.
The organization demonstrates excellence in its governance practices, with 100% of board members being independent and a solid board size. Furthermore, it has received top marks for its audit and oversight committee, conflict of interest policy, and whistleblower policy, all of which contribute to a culture of accountability. The low liabilities to assets ratio of 1.88% underscores its financial stability and prudent management of resources.
However, while the financial metrics are strong, potential donors and stakeholders may want to consider the broader impact of the organization’s programs and services. The program expense ratio of 80.33% indicates a significant portion of its expenses goes toward its programs, which is positive, but additional information on outcomes and community impact would provide a more comprehensive understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Community Housing Trust legitimate?
Columbia Community Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Community Housing Trust 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:
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Official website here: www.columbiaha.com
What is the mission statement of Columbia Community Housing Trust?
The Columbia Community Housing Trust's mission is focused on developing affordable housing options, catering to both homeownership and rental needs for low-income families. They acquire suitable land through donations, with the intent of utilizing it for future affordable housing projects. Currently, two such donated homes are being rented out to eligible low-income families. The organization's activities also include utilizing funds to develop additional rental housing units for this demographic. In 2022, the CCHT was granted funding to help the community formulate a comprehensive plan to address homelessness.
Official website here: www.columbiaha.com
Who is the CEO of Columbia Community Housing Trust?
Randy Cole is the President of Columbia Community Housing Trust.
Official website here: www.columbiaha.com
What is the revenue of Columbia Community Housing Trust?
Columbia Community Housing Trust's revenue in 2022 was $1,429,348.
Official website here: www.columbiaha.com
Who are the executives of Columbia Community Housing Trust and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.columbiaha.com
Where can I find the form 990 for Columbia Community Housing Trust?
Columbia Community Housing Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.columbiaha.com
Learn more at the official website: www.columbiaha.com
Mission Statement of Columbia Community Housing Trust
Columbia Community Housing Trust is committed to serving low-income families by developing affordable housing for both homeownership and rental purposes. This nonprofit organization strives to acquire undeveloped real estate through donations and subsequently uses these lands for the future construction of affordable housing units. Currently, two donated homes, previously renovated through a Neighborhood Stabilization Program grant, are being rented to eligible low-income families. Moreover, Columbia Community Housing Trust has also utilized funds to develop additional affordable rental housing units for such families. In 2022, the organization was granted funding to aid the community in formulating a comprehensive plan to tackle homelessness, further demonstrating their dedication to supporting the housing needs of low-income families.
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Impact
July, 2024
Columbia Community Housing Trust's impact is substantial in addressing the need for affordable housing in Columbia, Missouri. The organization develops affordable housing for homeownership and rental purposes for low-income families. Through donations and strategic acquisitions of undeveloped real estate, Columbia Community Housing Trust holds assets that will be developed into much-needed affordable housing in the future.
Two donated homes renovated with a Neighborhood Stabilization Program grant from the City of Columbia are currently being rented to qualified low-income families, providing them with stable and affordable housing options. Additionally, the organization has used funds to develop more affordable rental housing for low-income families, further expanding housing opportunities in the community.
In recognition of its efforts, Columbia Community Housing Trust was awarded grant funding to assist the community in formulating a comprehensive plan to address homelessness in 2022. By focusing on the development of affordable housing solutions, the organization is making a direct and positive impact on housing affordability and accessibility for low-income individuals and families in Columbia, Missouri.
This information is meant to be a general summary of Columbia Community Housing Trust. 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: $27,609
- Program Service Revenue: $14,760
- Gross Receipts: $1,429,348
Assets and Liabilities:
- Total Assets: $4,444,725
- Total Liabilities: $83,762
- Net Assets: $4,360,963
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dwelling Rent
Revenue
$14,760
Organization Details
Founding Year
2013
Phone
(573) 443-2556Principal Officer
Randy Cole
Main Address
201 Switzler Street, Columbia, MO, 65203
Website
www.columbiaha.comNTEE Category
Code: L20 - Housing
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