Overview
What is Carolina Housing And Community Development Corporation?
Carolina Housing and Community Development Corporation is a nonprofit organization committed to providing low-cost, high-quality housing for individuals with limited financial means. As a housing developer, constructor, and manager, they focus on creating affordable living spaces through various programs. Their mission is to ensure that everyone, regardless of income, has the opportunity to reside in a decent home. Their activities primarily revolve around the development, construction, and management of affordable housing units, making them an essential resource for those in need of affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Carolina Housing and Community Development Corporation has demonstrated a solid commitment to accountability and financial responsibility, achieving an 80% score based solely on its Accountability & Finance metrics. The organization has 100% independent board members, indicating strong governance, and has been transparent in its operations, with documented board meeting minutes and a clear conflict of interest policy in place.
Financially, the nonprofit shows a low liabilities to assets ratio of 1.71%, suggesting a stable financial position. Additionally, its program expense ratio is commendable at 84.05%, reflecting a significant portion of its expenditures directed towards its mission-related activities. However, while the organization exhibits strengths in governance and financial health, the single beacon score means potential donors may want to consider other performance indicators for a more comprehensive evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Carolina Housing And Community Development Corporation legitimate?
Carolina Housing And Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolina Housing And Community Development 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: $16,371
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What is the mission statement of Carolina Housing And Community Development Corporation?
Carolina Housing and Community Development Corporation is committed to providing low-income individuals with affordable housing opportunities. As a housing development, construction, and management organization, its mission is to ensure that people can access quality homes at affordable prices. Through various programs, the corporation focuses on offering affordable housing options, striving to make a positive impact in people's lives by providing them with a suitable living environment.
Who is the CEO of Carolina Housing And Community Development Corporation?
Dewayne Alford is the Chairman of Carolina Housing And Community Development Corporation.
What is the revenue of Carolina Housing And Community Development Corporation?
Carolina Housing And Community Development Corporation's revenue in 2022 was $573,757.
Who are the executives of Carolina Housing And Community Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Carolina Housing And Community Development Corporation?
Carolina Housing And Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carolina Housing And Community Development Corporation
Carolina Housing and Community Development Corporation, in its mission, is dedicated to providing low-rent, affordable housing for individuals. Serving as a housing development, construction, and management organization, this nonprofit is committed to ensuring that everyone has access to quality homes at reasonable prices. Through various programs, Carolina Housing and Community Development Corporation focuses on making affordable housing a reality for low-income individuals. By offering affordable housing options, the organization aims to contribute to the well-being and stability of its community.
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Impact
July, 2024
Carolina Housing And Community Development Corporation's impact is evident in the provision of low-rent affordable housing to individuals and families in need. Through its programs focused on offering affordable housing to low-income individuals, this organization plays a crucial role in ensuring that people have access to quality homes at prices that they can afford. By dedicating itself to housing development, construction, and management, Carolina Housing And Community Development Corporation contributes to the community by addressing the pressing issue of housing affordability in Rock Hill, SC.
This information is meant to be a general summary of Carolina Housing And Community Development 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: $269
- Program Service Revenue: $199,102
- Gross Receipts: $573,757
Assets and Liabilities:
- Total Assets: $2,152,147
- Total Liabilities: $24,875
- Net Assets: $2,127,272
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING
Revenue
$199,102
Organization Details
Founding Year
2015
Principal Officer
Dewayne Alford
Main Address
467 S WILSON STREET PO BOX 11579, Rock Hill, SC, 29731
NTEE Category
Code: L20 - Housing
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