Overview
What is Community Housing Partners Corporation?
Community Housing Partners Corporation (CHP) is a nonprofit organization based in Christiansburg, Virginia. With a workforce of 502 employees, CHP collaborates with public and private partners to construct and preserve affordable rental housing for low-income individuals and households across the Southeast and Mid-Atlantic United States. In 2022, CHP completed a 24-unit complex in Richmond, Virginia, and initiated rehabilitation projects on a 72-unit property in Galax, Virginia, and several senior housing projects. CHP's mission extends beyond housing, as they also offer homeowner services, education, and training in energy and conservation practices, and work towards creating healthy, sustainable, and affordable homes and communities.
Official website here: www.communityhousingpartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
Community Housing Partners Corporation (CHP) has received an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. The organization excels in various governance aspects, boasting a fully independent board and strong financial oversight measures, including a solid audit committee and comprehensive conflict of interest policies. Moreover, their program expense ratio of 82.49% demonstrates a commitment to allocating resources towards their mission effectively.
User feedback on Great Nonprofits underscores CHP's reputation as a leading community development organization. A professional in the field praised CHP for developing thousands of housing units across multiple states while emphasizing their dedication to green building and sustainable design practices. This focus on environmentally responsible development sets CHP apart as a progressive and impactful nonprofit in the housing sector.
Despite the positive feedback and financial ratings, it is essential for potential donors and supporters to consider the broader context of CHP's work. While the organization has been recognized for its achievements, ongoing assessments of their impact and community engagement will be crucial for maintaining their strong reputation and ensuring long-term success in addressing housing needs.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Community Housing Partners Corporation legitimate?
Community Housing Partners Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Housing Partners 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: $1,888,076
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,715,348
For more financial information, click here
Official website here: www.communityhousingpartners.org
What is the mission statement of Community Housing Partners Corporation?
Community Housing Partners Corporation is dedicated to creating healthy, sustainable, and affordable homes and communities. Through their work with public and private partners, they construct and preserve affordable rental housing for low-income individuals and households across the Southeast and Mid-Atlantic US. In 2022, they completed construction on a 24-unit complex and started new rehabilitation projects on several properties. Their mission extends to delivering services that promote financial literacy and sustainability, as well as offering education and training in energy and conservation practices and green building. Thousands of individuals and families, builders, homeowners, and others in need of assistance benefit from their efforts each year.
Official website here: www.communityhousingpartners.org
Who is the CEO of Community Housing Partners Corporation?
Jeffrey Reed is the Member of Community Housing Partners Corporation. The CEO's salary of Community Housing Partners Corporation is $555,107 and their total compensation is $616,715.
Official website here: www.communityhousingpartners.org
What is the revenue of Community Housing Partners Corporation?
Community Housing Partners Corporation's revenue in 2022 was $72,240,138.
Official website here: www.communityhousingpartners.org
Who are the executives of Community Housing Partners Corporation and what are their salaries?
The average compensation at Community Housing Partners Corporation during 2022 was $29,090. There are 502 employees and 731 volunteers at Community Housing Partners Corporation.
Here are 18 key members and their salaries (Community Housing Partners Corporation's CEO's salary is $555,107 and their total compensation is $616,715):
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- Compensation: $555,107
- Related: $0
- Other: $61,608
- Compensation: $405,876
- Related: $0
- Other: $56,798
- Compensation: $333,022
- Related: $0
- Other: $35,717
- Compensation: $237,553
- Related: $0
- Other: $54,080
- Compensation: $356,488
- Related: $0
- Other: $49,458
- Compensation: $204,131
- Related: $0
- Other: $49,548
- Compensation: $214,112
- Related: $0
- Other: $39,973
- Compensation: $173,805
- Related: $0
- Other: $22,445
- Compensation: $186,835
- Related: $0
- Other: $24,189
- Compensation: $165,969
- Related: $0
- Other: $27,835
Official website here: www.communityhousingpartners.org
Where can I find the form 990 for Community Housing Partners Corporation?
Community Housing Partners Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityhousingpartners.org
Learn more at the official website: www.communityhousingpartners.org
Mission Statement of Community Housing Partners Corporation
Community Housing Partners Corporation (CHP) is a renowned organization dedicated to providing housing opportunities and associated services to individuals of low-wealth in the United States. Through the development, construction, preservation, weatherization, and management of healthy and sustainable, affordable housing stock, CHP aims to create homes and communities that are not only affordable but also healthy and sustainable.
CHP's mission is twofold: first, to preserve and construct affordable rental housing for low-income individuals and households, and second, to deliver homeownership and resident services that promote financial literacy and sustainability. The organization's services extend beyond housing, as they offer education and training in energy and conservation practices, weatherization, and green building.
In 2022 alone, CHP completed the construction of a 24-unit complex in Richmond, Virginia, and began new rehabilitation projects on a 72-unit property in Galax, Virginia, as well as 80 senior housing units across two projects near the Eastern Shore of Virginia and 32 senior housing units in Independence, Virginia. Additionally, CHP is a co-developer on a 279-unit, multiple building project located in Alexandria, Virginia, which will be placed in service mid-2023 and will serve family and senior housing needs.
CHP's work with public and private partners enables them to make a significant impact on the lives of thousands of individuals and families each year, as well as building professionals, homeowners, and others in need of assistance. Their commitment to creating healthy, sustainable, and affordable homes and communities is a testament to their dedication to improving the lives of those they serve.
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Impact
October, 2024
Community Housing Partners Corporation (CHP) significantly impacts individuals and families of low wealth in the U.S. by providing vital housing opportunities and related services. Through the development, construction, preservation, weatherization, and management of healthy and sustainable affordable housing, CHP plays a crucial role in creating stable living environments for those in need.
In 2022, CHP successfully completed the construction of a 24-unit complex in Richmond, Virginia, and initiated rehabilitation projects on multiple sites, including a 72-unit property in Galax and 80 senior housing units across two projects on the Eastern Shore of Virginia. Additionally, they are co-developing a 279-unit multiple building project in Alexandria, aimed at serving family and senior housing needs.
Beyond housing, CHP fosters financial literacy and sustainability through programs that promote homeownership and resident services. Their education and training initiatives in energy conservation and green building practices empower communities to adopt sustainable living methods, thereby enhancing their overall quality of life.
By collaborating with public and private partners, CHP is at the forefront of transforming communities across the Southeast and Mid-Atlantic by ensuring that affordable rental housing remains accessible to low-income individuals and households. Their dedicated efforts not only address immediate housing needs but also lay the groundwork for healthier, more sustainable communities.
This information is meant to be a general summary of Community Housing Partners 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: $3,109,438
- Program Service Revenue: $52,078,870
- Gross Receipts: $80,448,701
Assets and Liabilities:
- Total Assets: $210,920,103
- Total Liabilities: $112,370,045
- Net Assets: $98,550,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$22,605,600
UTILITY PROGRAMS
Revenue
$18,887,081
REHABILITATION FEES
Revenue
$4,399,632
PROPERTY MANAGEMENT FEES
Revenue
$3,112,562
OTHER PROGRAM SERVICE REVENUE
Revenue
$3,073,995
Organization Details
Founding Year
1974
Phone
(540) 382-2002Principal Officer
Jeffrey Reed
Main Address
448 DEPOT STREET, CHRISTIANSBURG, VA, 24073
NTEE Category
Code: L25 - Housing
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