Overview
What is Chesapeake Bay Housing Inc?
Chesapeake Bay Housing Inc, located in Urbanna, Virginia, is a nonprofit organization that dedicates its charitable and educational purposes towards providing decent, safe, sanitary, and affordable housing for low-income individuals. This mission extends beyond just housing; they also offer supportive services to complement their housing provisions. The organization operates with a clear goal to improve the living conditions of less fortunate individuals, contributing positively to their communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating highlights that while Chesapeake Bay Housing Inc demonstrates strengths in several areas such as a fully independent board and a strong program expense ratio, it also faces significant challenges in governance and transparency.
The organization excels in maintaining a high program expense ratio of 95.06%, indicating that a substantial portion of its funding is directed towards its mission-related activities. With a perfect score for its independent board composition and no material asset diversions, the charity appears stable in its financial management practices. However, the absence of key policies related to conflict of interest, whistleblower protections, and document retention raises concerns about its internal governance and accountability measures.
Additionally, the lack of disclosure regarding its tax forms on the nonprofit's website suggests a need for improved transparency. The overall low score in accountability and finance reflects these governance shortcomings, which could impact donor trust and engagement. Addressing these issues could enhance its operational effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Chesapeake Bay Housing Inc legitimate?
Chesapeake Bay Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesapeake Bay Housing 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 Chesapeake Bay Housing Inc?
Chesapeake Bay Housing Inc is dedicated to charitable and educational purposes, specifically focusing on providing and operating decent, safe, sanitary, and affordable housing, along with related supportive services, for individuals with low income. The organization's mission encompasses the provision of home repair and rehabilitation services, aiming to enhance the living conditions of those in need. The goal is to contribute positively to the well-being of these individuals, ensuring they have access to a secure and suitable living environment.
What is the revenue of Chesapeake Bay Housing Inc?
Chesapeake Bay Housing Inc's revenue in 2023 was $0.
Who are the executives of Chesapeake Bay Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $219,039
- Other: $14,670
Where can I find the form 990 for Chesapeake Bay Housing Inc?
Chesapeake Bay Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Chesapeake Bay Housing Inc
Chesapeake Bay Housing Inc is a charitable and educational organization with a mission to serve low-income individuals. At its core, the organization aims to provide and operate decent, safe, sanitary, and affordable housing, along with related supportive services. This mission is a comprehensive approach to alleviate housing-related issues for those in need, ensuring they have access to suitable living conditions.
In addition to offering housing, Chesapeake Bay Housing Inc also focuses on home repair and rehabilitation. This aspect of their mission is crucial in ensuring that the housing they provide remains in good condition and meets the basic needs of the individuals they serve. By repairing and rehabilitating homes, the organization ensures that the living spaces of low-income individuals are not only safe and sanitary but also decent, contributing to their overall well-being. This holistic approach to housing and related services is a testament to Chesapeake Bay Housing Inc's commitment to improving the lives of those in need.
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Impact
August, 2024
Chesapeake Bay Housing Inc's impact on the community is significant as it focuses on providing decent, safe, sanitary, and affordable housing for low-income individuals in Urbanna, VA. Through their charitable and educational initiatives, they offer home repair and rehabilitation services that directly benefit those in need. By addressing the housing needs of low-income individuals, Chesapeake Bay Housing Inc contributes to improving living conditions and enhancing the overall well-being of the community. Their dedication to supporting this often overlooked population helps to create a more equitable society where everyone has access to suitable housing.
This information is meant to be a general summary of Chesapeake Bay Housing 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 2023.
- Investment Income: $3
- Gross Receipts: $46,907
Assets and Liabilities:
- Total Assets: $203,738
- Total Liabilities: $0
- Net Assets: $203,738
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Organization Details
Founding Year
1999
Principal Officer
Kathy E Vesley
NTEE Category
Code: L20 - Housing
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