Overview
What is Weaver Community Housing Association?
Weaver Community Housing Association (WCHA) is a nonprofit organization based in Carrboro, North Carolina. Their primary mission is to provide affordable housing through the cooperative housing model, ensuring affordability for residents for an extended period. Their flagship projects include Cedar Rock Apartment Cooperative, a pioneering mixed-equity cooperative housing model, and Bolin Creek Cooperative, which provides housing for 10 households with a communal garden. Residents contribute to property maintenance and operations, leading to qualified savings accruals. WCHA's approach to housing is rooted in six principles: affordability, perpetuity, dweller-control, sustainability, diversity, and community.
Official website here: www.wcha.coop
Is Weaver Community Housing Association legitimate?
Weaver Community Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weaver Community Housing Association 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.
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Official website here: www.wcha.coop
What is the mission statement of Weaver Community Housing Association?
Weaver Community Housing Association (WCHA) utilizes the cooperative housing model to uphold six fundamental principles: affordability, longevity, dweller control, sustainability, diversity, and community. This approach ensures that housing remains affordable for its residents, ensuring perpetuity. Residents have a significant role in the management of their community, fostering a sense of control. WCHA promotes sustainable living, emphasizing environmental responsibility. The association fosters diversity within its communities, and encourages a sense of community among its residents.
Official website here: www.wcha.coop
Who is the CEO of Weaver Community Housing Association?
Brandon Cosgrove is the President of Weaver Community Housing Association.
Official website here: www.wcha.coop
What is the revenue of Weaver Community Housing Association?
Weaver Community Housing Association's revenue in 2022 was $212,646.
Official website here: www.wcha.coop
Who are the executives of Weaver Community Housing Association and what are their salaries?
There 14 volunteers at Weaver Community Housing Association.
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Official website here: www.wcha.coop
Where can I find the form 990 for Weaver Community Housing Association?
Weaver Community Housing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcha.coop
Learn more at the official website: www.wcha.coop
Mission Statement of Weaver Community Housing Association
Weaver Community Housing Association, or WCHA, emphasizes the use of cooperative housing as a strategic approach to achieve six key principles. These principles include affordability, ensuring that housing remains reasonably priced for its residents; perpetuity, guaranteeing the longevity of the community; dweller-control, allowing residents to make decisions regarding their community; sustainability, promoting environmentally and financially responsible practices; diversity, fostering a diverse community; and community, building a sense of unity among residents. By adhering to these principles, WCHA aims to provide sustainable, affordable, and resident-controlled housing solutions. The association has successfully implemented this model in its projects such as Cedar Rock Apartment Cooperative and Bolin Creek Cooperative, where residents contribute to property maintenance and operations in exchange for savings.
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Impact
October, 2024
Weaver Community Housing Association (WCHA) creates significant positive impacts through its cooperative housing model, focusing on six foundational principles: affordability, perpetuity, dweller-control, sustainability, diversity, and community. In Carrboro, NC, WCHA has established the Cedar Rock Apartment Cooperative, the first hybrid mixed equity cooperative housing model in the nation. This innovative approach ensures long-term affordability for its seven-member household community, making housing accessible and secure for its residents.
Additionally, the Bolin Creek Cooperative expands WCHA’s impact by providing affordable housing for ten households, fostering a strong sense of community through shared amenities like a community garden. Residents are actively engaged in property maintenance and operations, which not only promotes sustainability but also empowers individuals through volunteerism and collaboration. Through these initiatives, WCHA strengthens community ties, ensures ongoing affordability, and supports diverse and vibrant living environments, demonstrating a holistic approach to housing that prioritizes the needs and voices of its residents.
This information is meant to be a general summary of Weaver Community Housing Association. 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: $238
- Program Service Revenue: $147,197
- Gross Receipts: $212,646
Assets and Liabilities:
- Total Assets: $1,164,648
- Total Liabilities: $1,422,264
- Net Assets: -$257,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Mnthly Residential Dues
Revenue
$147,197
Organization Details
Founding Year
2001
Principal Officer
Brandon Cosgrove
Main Address
PO Box 215, Carrboro, NC, 27510
Website
www.wcha.coopNTEE Category
Code: L21 - Housing
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