Overview
What is Columbia Housing Authority Development?
Columbia Housing Authority Development, often referred to as CHAD, is a nonprofit organization based in Columbia, South Carolina. Their primary mission is to enhance the availability of affordable housing for low to moderate-income families in Richland County. They accomplish this by working alongside the Columbia Housing Authority and often serve as an instrumental tool for developing programs outside the conventional Department of Housing and Urban Development. Capital Heights, a single-family housing development situated near the inner city and along bus lines, is one of their initiatives that has increased the number of affordable housing units in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (65%)
The Columbia Housing Authority Development has received a two-star rating from Charity Navigator, indicating a "Needs Improvement" status. This rating reflects significant strengths, particularly in its governance structure, with 75% of its board members being independent and a strong performance in financial statement audits and the absence of asset diversion. The organization has a high program expense ratio of 94.78%, suggesting that a substantial portion of its expenditures goes directly towards its mission-related activities.
However, there are several critical areas where the organization falls short. Notably, it lacks essential policies and disclosures, such as a conflict of interest policy, whistleblower policy, and document retention procedures. Additionally, the organization does not post its tax form on its website, which could affect transparency and public trust. The financial health indicators, particularly a liabilities to assets ratio of 69.77%, raise concerns about its long-term sustainability.
To improve its accountability and transparency, the Columbia Housing Authority Development should focus on addressing these gaps in policy and disclosure. By enhancing its governance practices and ensuring better communication of its financial health, the organization could strengthen its credibility and ultimately improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Housing Authority Development legitimate?
Columbia Housing Authority Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Housing Authority Development 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: $144,227
For more financial information, click here
What is the mission statement of Columbia Housing Authority Development?
The Columbia Housing Authority Development (CHAD) primarily serves to supplement the creation of affordable housing options. It often functions as an instrument for developing programs beyond the scope of the traditional Department of Housing and Urban Development. The main objective of CHAD is to augment the provision of quality, affordable housing for a housing authority, thereby increasing the number of such accommodations available for low to moderate-income families. For instance, projects like Capital Heights, a single-family housing development along bus lines, catering to the inner city, are examples of CHAD's initiatives.
Who is the CEO of Columbia Housing Authority Development?
Unavailable The CEO's salary of Columbia Housing Authority Development is $0 and their total compensation is $0.
What is the revenue of Columbia Housing Authority Development?
Columbia Housing Authority Development's revenue in 2022 was $1,564,296.
Who are the executives of Columbia Housing Authority Development and what are their salaries?
There 10 volunteers at Columbia Housing Authority Development.
Here are 8 key members and their salaries (Columbia Housing Authority Development's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Columbia Housing Authority Development?
Columbia Housing Authority Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Columbia Housing Authority Development
Columbia Housing Authority Development, frequently utilized as an instrument beyond the typical Department of Housing and Urban Development, is dedicated to augmenting the creation of top-tier, affordable housing for the Columbia Housing Authority in the city of Columbia, South Carolina. Its primary mission is to supplement the development of such housing, contributing to a broader range of programs and initiatives beyond the traditional realms of housing and urban development.
By focusing on the development of quality, affordable housing, Columbia Housing Authority Development aims to increase the availability of such residences for low to moderate income families. One of their notable projects is Capital Heights, a single-family housing development near the city's inner district, situated along bus lines. This development has significantly expanded the number of affordable housing options for residents of Richland County. By supplying affordable housing, Columbia Housing Authority Development plays a crucial role in ensuring accessibility to safe, comfortable living situations for individuals and families who may otherwise struggle with high housing costs.
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Impact
July, 2024
Columbia Housing Authority Development (CHAD) significantly impacts the community by supplementing the development of quality affordable housing for the Columbia Housing Authority in Columbia, South Carolina. One key initiative of CHAD is the Capital Heights single-family housing development, strategically located on bus lines near the inner city to provide housing for low to moderate-income families. These units have effectively increased the availability of affordable housing for residents in Richland County, addressing a critical need in the area. CHAD plays a vital role in expanding housing options beyond traditional programs offered by the Department of Housing and Urban Development, showcasing its commitment to enhancing living conditions for individuals and families in the region.
This information is meant to be a general summary of Columbia Housing Authority Development. 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: -$318,607
- Program Service Revenue: $1,908,122
- Gross Receipts: $5,699,075
Assets and Liabilities:
- Total Assets: $7,275,633
- Total Liabilities: $4,643,673
- Net Assets: $2,631,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$1,908,122
Organization Details
Founding Year
1982
Phone
(803) 254-3886Main Address
1917 HARDEN STREET, COLUMBIA, SC, 29204
NTEE Category
Code: L80 - Housing
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