Overview
What is Consortium For Housing And Asset Management Inc?
Consortium for Housing and Asset Management Inc, based in Baltimore, Maryland, is a nonprofit organization that specializes in the affordable housing sector. They offer a range of services to enhance the financial and operational performance of such assets, including an annual conference, training classes, research, webinars, virtual career development, technical assistance, tools, templates, and a newsletter. With a mission to preserve affordable housing, this consortium brings together mission-driven owners, developers, investors, and stakeholders, fostering professional asset management in the industry. Their team consists of just two dedicated individuals.
Official website here: www.cham.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Consortium For Housing And Asset Management Inc has achieved a Three-Star rating, indicating a solid performance in accountability and finance, with an overall score of 81%. This score reflects strengths in various governance practices, including a fully independent board and comprehensive financial audits. The organization also demonstrates good practices in conflict of interest and whistleblower policies, which enhance its credibility.
Financially, the organization shows a high program expense ratio of 85.13%, indicating that a significant portion of its funds directly supports its programs. However, it faces a challenge with its liabilities to assets ratio, scoring 0 out of 15 points, which may raise concerns regarding financial stability. These aspects suggest that while the organization is effectively utilizing its resources, it may need to address its balance sheet health.
Overall, the Consortium For Housing And Asset Management Inc is a well-managed nonprofit with a strong commitment to accountability, but it should focus on improving its financial ratios to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Consortium For Housing And Asset Management Inc legitimate?
Consortium For Housing And Asset Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consortium For Housing And Asset Management 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: $126,635
Professional Fundraising Fees: $578
Other Salaries and Wages: $3,493
For more financial information, click here
Official website here: www.cham.us
What is the mission statement of Consortium For Housing And Asset Management Inc?
The Consortium for Housing and Asset Management Inc is a collective of mission-driven property owners, developers, investors, and stakeholders dedicated to maintaining the integrity of affordable housing through proficient asset management. Their primary objective is to preserve and manage affordable housing properties in a financially sound and mission-aligned manner. The organization offers various services to the affordable housing asset management sector, including annual conferences, training classes, research, webinars, virtual career development, technical assistance, tools and templates, a newsletter, and more. These initiatives aim to boost the financial and mission-focused performance of affordable housing assets.
Official website here: www.cham.us
Who is the CEO of Consortium For Housing And Asset Management Inc?
Julia Pierson is the Executive Director of Consortium For Housing And Asset Management Inc.
Official website here: www.cham.us
What is the revenue of Consortium For Housing And Asset Management Inc?
Consortium For Housing And Asset Management Inc's revenue in 2022 was $564,485.
Official website here: www.cham.us
Who are the executives of Consortium For Housing And Asset Management Inc and what are their salaries?
The average compensation at Consortium For Housing And Asset Management Inc during 2022 was $65,064. There are 2 employees and 15 volunteers at Consortium For Housing And Asset Management Inc.
Here are 8 key members and their salaries:
- Compensation: $118,964
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.cham.us
Where can I find the form 990 for Consortium For Housing And Asset Management Inc?
Consortium For Housing And Asset Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cham.us
Learn more at the official website: www.cham.us
Mission Statement of Consortium For Housing And Asset Management Inc
The Consortium for Housing and Asset Management Inc is a collective of mission-driven property owners, developers, investors, and stakeholders. Their primary commitment lies in the professional management and preservation of affordable housing. This consortium aims to elevate the financial and mission performance of the affordable housing asset management industry through various means. They accomplish this by hosting an annual conference, offering training classes, conducting research, hosting webinars, providing virtual career development, offering technical assistance, and creating tools and templates. Furthermore, they publish a newsletter and offer other resources to enhance the effectiveness of their member organizations in their mission to provide affordable housing.
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Impact
July, 2024
Consortium For Housing And Asset Management Inc positively impacts the affordable housing asset management industry by providing essential services to mission-oriented owners, developers, investors, and stakeholders. Through initiatives such as their annual conference, training classes, research projects, webinars, virtual career development opportunities, technical assistance programs, and the dissemination of tools and templates, CHAM actively works towards enhancing the financial and mission performance of affordable housing projects. This organization plays a crucial role in professional asset management and the preservation of affordable housing, ultimately contributing to the sustainability and success of the industry.
This information is meant to be a general summary of Consortium For Housing And Asset Management 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: $2,708
- Program Service Revenue: $246,763
- Gross Receipts: $564,485
Assets and Liabilities:
- Total Assets: $1,278,866
- Total Liabilities: $1,115,294
- Net Assets: $163,572
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Training Revenue
Revenue
$145,274
Conference Registration
Revenue
$101,489
Organization Details
Founding Year
1998
Phone
(410) 978-7632Principal Officer
Julia Pierson
Main Address
1101 St Paul St 603, Baltimore, MD, 21202
Website
www.cham.usNTEE Category
Code: L022 - Housing
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