Overview
What is City Homes Inc?
City Homes Inc is a nonprofit organization situated in Baltimore, Maryland. Its primary mission is to rehabilitate dilapidated rowhomes and provide affordable housing solutions for low-income individuals and families who might otherwise be homeless. By refurbishing these properties, City Homes Inc extends a vital service, allowing these individuals and families to secure a place to live at reasonable rates. The organization's work positively impacts the local community by offering affordable housing options and contributing to the overall well-being of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
City Homes Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The score is derived entirely from its Accountability & Finance metrics, showcasing the organization's commitment to transparency and responsible financial practices. The charity has maintained a strong fiscal footing, with a 0.00% liabilities to assets ratio, indicating no debt, and a high program expense ratio of 85.60%, demonstrating that a significant portion of its resources is devoted to its programs.
The evaluation highlights strengths such as having a fully independent board, with all members meeting the independence criteria, and effective governance policies in place. The organization has also been recognized for maintaining proper documentation of board meeting minutes and adhering to a conflict of interest policy, which reflects a commitment to ethical conduct in its operations.
While the overall score is positive, it is essential for potential donors to consider that the rating is based solely on financial metrics. There may be additional factors, such as program impact and community feedback, that are not captured in this score. However, the strong financial indicators suggest that City Homes Inc is likely managing its resources effectively to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is City Homes Inc legitimate?
City Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Homes 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of City Homes Inc?
City Homes Inc's mission is centered around rehabilitating deteriorated rowhomes and providing them for rental at affordable rates to low-income individuals and families. This organization plays a crucial role in addressing housing needs for those who would otherwise be unable to secure a place to live. Through its rehabilitation efforts, City Homes Inc aims to improve living conditions and contribute to the well-being of its tenants. The organization's mission reflects a commitment to social justice and equitable housing opportunities.
Who is the CEO of City Homes Inc?
Zvi Guttman is the Trustee of City Homes Inc.
What is the revenue of City Homes Inc?
City Homes Inc's revenue in 2022 was $80,349.
Who are the executives of City Homes Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for City Homes Inc?
City Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Homes Inc
City Homes Inc, a nonprofit organization, is committed to rehabilitating deteriorated rowhomes and making them available for rental at affordable rates to individuals and families who would otherwise be homeless. By doing so, City Homes Inc extends a lifeline to those in need, providing them with a secure place to call home. The organization's mission is driven by a compassionate desire to address the housing needs of low-income individuals, ensuring that everyone has a roof over their heads. Through its rehabilitation efforts, City Homes Inc breathes new life into neglected properties, transforming them into safe and comfortable living spaces that contribute positively to the communities they serve.
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Impact
October, 2024
City Homes Inc significantly enhances the living conditions for low-income individuals and families in Baltimore, Maryland by rehabilitating deteriorated rowhomes into safe and affordable rental properties. This vital work not only restores physical structures but also revitalizes neighborhoods and provides stability for those who otherwise would struggle to secure adequate housing. By focusing on affordable rates, the organization ensures that vulnerable populations have access to a place they can call home, fostering a sense of community and improving the overall quality of life for its residents. Through these efforts, City Homes Inc plays a crucial role in addressing housing insecurity and promoting sustainable living environments.
This information is meant to be a general summary of City Homes 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: $258
- Program Service Revenue: $80,091
- Gross Receipts: $80,349
Assets and Liabilities:
- Total Assets: $2,555,702
- Total Liabilities: $0
- Net Assets: $2,555,702
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Organization Details
Founding Year
1986
Phone
(410) 580-0500Principal Officer
Zvi Guttman
Main Address
PO BOX 32308, BALTIMORE, MD, 21282
NTEE Category
Code: L20Z - Housing
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